Cliff Asness AQR Capital Management
Cliff Asness is a co-founder of AQR Capital Management, a leading quantitative investment firm spanning equities, alternatives, and factor strategies. He is known for academic-informed research on value, momentum, and other systematic premia, as well as candid market commentary. Asness’s work bridges academic finance and large-scale institutional portfolio management.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arista Networks
ANET
|
+$474M |
| 2 |
Snowflake
SNOW
|
+$418M |
| 3 |
General Motors
GM
|
+$395M |
| 4 |
Roblox
RBLX
|
+$378M |
| 5 |
Adobe
ADBE
|
+$377M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SMAR
Smartsheet Inc.
SMAR
|
+$173M |
| 2 |
Progressive
PGR
|
+$158M |
| 3 |
Robinhood
HOOD
|
+$155M |
| 4 |
AbbVie
ABBV
|
+$131M |
| 5 |
Lennar Class A
LEN
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.11% |
| 2 | Financials | 16.12% |
| 3 | Healthcare | 13.87% |
| 4 | Consumer Discretionary | 11.39% |
| 5 | Industrials | 11.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
Blackstone Secured Lending
BXSL
$5.82B
| $889K | ﹤0.01% |
27,484
-29,618
| -52% | -$976K |
|
2102
Rithm Capital
RITM
$5.72B
| $889K | ﹤0.01% |
77,625
+13,166
| +20% | +$152K |
|
|
HONE
2103
DELISTED
HarborOne Bancorp
HONE
| $888K | ﹤0.01% |
85,675
+38,072
| +80% | +$435K |
|
2104
NCR Atleos
NATL
$3.44B
| $888K | ﹤0.01% |
34,303
+4,690
| +16% | +$139K |
|
2105
Kinross Gold
KGC
$39.1B
| $887K | ﹤0.01% |
70,370
+18,287
| +35% | +$205K |
|
|
LINE
2106
Lineage Inc
LINE
$9.29B
| $886K | ﹤0.01% |
+15,116
| New | +$881K |
|
2107
CareTrust REIT
CTRE
$9.37B
| $885K | ﹤0.01% |
30,962
-44,689
| -59% | -$1.2M |
|
2108
The Bancorp
TBBK
$2.72B
| $884K | ﹤0.01% |
16,734
+2,296
| +16% | +$127K |
|
2109
Kosmos Energy
KOS
$1.7B
| $884K | ﹤0.01% |
387,739
+140,261
| +57% | +$414K |
|
2110
Talos Energy
TALO
$2.83B
| $884K | ﹤0.01% |
90,915
+54,854
| +152% | +$520K |
|
2111
N-able
NABL
$680M
| $883K | ﹤0.01% |
124,549
+84,712
| +213% | +$754K |
|
2112
Revvity
RVTY
$13.7B
| $883K | ﹤0.01% |
8,449
+420
| +5% | +$48.4K |
|
2113
Unifirst Corp
UNF
$5.28B
| $882K | ﹤0.01% |
5,069
+599
| +13% | +$125K |
|
|
EWCZ
2114
DELISTED
European Wax Center
EWCZ
| $881K | ﹤0.01% |
223,120
+166,532
| +294% | +$992K |
|
2115
Alkami Technology
ALKT
$2.17B
| $880K | ﹤0.01% |
33,522
-18,603
| -36% | -$586K |
|
2116
Bank of Marin Bancorp
BMRC
$439M
| $877K | ﹤0.01% |
39,735
+12,019
| +43% | +$285K |
|
2117
Manulife Financial
MFC
$71B
| $872K | ﹤0.01% |
28,362
+18,222
| +180% | +$551K |
|
2118
Energy Fuels
UUUU
$3.72B
| $871K | ﹤0.01% |
+233,564
| New | +$1.12M |
|
2119
iRhythm Holdings
IRTC
$4.13B
| $869K | ﹤0.01% |
8,303
+23
| +0.3% | +$2.44K |
|
2120
WaFd
WAFD
$2.69B
| $867K | ﹤0.01% |
30,794
+22,499
| +271% | +$667K |
|
2121
SSR Mining
SSRM
$7.87B
| $863K | ﹤0.01% |
86,050
+70,726
| +462% | +$653K |
|
2122
Zillow
ZG
$8.53B
| $862K | ﹤0.01% |
12,890
+3,717
| +41% | +$275K |
|
2123
Artivion
AORT
$1.31B
| $862K | ﹤0.01% |
35,053
+2,823
| +9% | +$78.4K |
|
2124
CRISPR Therapeutics
CRSP
$5.52B
| $861K | ﹤0.01% |
+25,306
| New | +$1.07M |
|
2125
Coca-Cola Femsa
KOF
$24.1B
| $860K | ﹤0.01% |
9,421
-6,368
| -40% | -$528K |
|
Similar funds
Cliff Asness's Q1 2025 Portfolio in Review
As of Q1 2025, Cliff Asness held 3,234 positions worth $97.1B, up 25% from $77.6B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $24.4B of net new capital in Q1 2025, opening 374 new positions and adding to 1,828 existing holdings. Its largest new stake was Millrose Properties Inc: 1,839,302 shares worth $48.4M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Progressive, an estimated $158M trimmed.
- Cliff Asness's largest Q1 2025 buy was Millrose Properties Inc: 1,839,302 shares worth $48.4M.
- Cliff Asness added most to Arista Networks in Q1 2025, an estimated $474M increase.
- Cliff Asness's biggest Q1 2025 reduction was Progressive, cutting an estimated $158M.
- Cliff Asness fully exited Smartsheet Inc. in Q1 2025, selling an estimated $173M.
- Cliff Asness's ten largest holdings make up 12% of its $97.1B portfolio in Q1 2025.
- Cliff Asness opened 374 new positions and closed 84 in Q1 2025.
- Cliff Asness's portfolio value rose 25% quarter-over-quarter to $97.1B.
Based on AQR Capital Management's 13F filing for Q1 2025, filed 15 May 2025.