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 |
NVIDIA
NVDA
|
+$1.17B |
| 2 |
Apple
AAPL
|
+$849M |
| 3 |
Chevron
CVX
|
+$746M |
| 4 |
Synopsys
SNPS
|
+$643M |
| 5 |
Wells Fargo
WFC
|
+$633M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$517M |
| 2 |
Booking.com
BKNG
|
+$488M |
| 3 |
Walmart Inc
WMT
|
+$414M |
| 4 |
SNDK
Sandisk
SNDK
|
+$355M |
| 5 |
Cigna
CI
|
+$325M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.5% |
| 2 | Financials | 14.38% |
| 3 | Industrials | 14.2% |
| 4 | Consumer Discretionary | 10.53% |
| 5 | Healthcare | 10.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2126
Supernus Pharmaceuticals
SUPN
$2.67B
| $4.13M | ﹤0.01% |
88,756
-9,501
| -10% | -$456K |
|
|
ALMS
2127
Alumis Inc
ALMS
$3.13B
| $4.12M | ﹤0.01% |
146,437
-245
| -0.2% | -$5.7K |
|
2128
AerSale
ASLE
$265M
| $4.12M | ﹤0.01% |
651,918
+125,956
| +24% | +$823K |
|
2129
Entegris
ENTG
$22B
| $4.12M | ﹤0.01% |
23,531
+1,440
| +7% | +$208K |
|
2130
AMC Entertainment Holdings
AMC
$2.28B
| $4.12M | ﹤0.01% |
2,166,091
+1,528,917
| +240% | +$2.63M |
|
2131
Mineralys Therapeutics
MLYS
$2.27B
| $4.11M | ﹤0.01% |
152,504
+3,418
| +2% | +$93.8K |
|
2132
ARKO Corp
ARKO
$533M
| $4.11M | ﹤0.01% |
511,505
+214,067
| +72% | +$1.5M |
|
|
EMBJ
2133
Embraer S.A. ADS
EMBJ
$13.5B
| $4.1M | ﹤0.01% |
65,181
-32,676
| -33% | -$2.01M |
|
2134
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$5.07B
| $4.09M | ﹤0.01% |
37,501
-521
| -1% | -$53.7K |
|
2135
Parke Bancorp
PKBK
$402M
| $4.06M | ﹤0.01% |
122,410
+73,201
| +149% | +$2.25M |
|
2136
iShares Global Tech ETF
IXN
$9.23B
| $4.05M | ﹤0.01% |
28,049
+17,636
| +169% | +$2.27M |
|
2137
Biglari Holdings Class B
BH
$1.24B
| $4.04M | ﹤0.01% |
9,490
+3,556
| +60% | +$1.11M |
|
2138
Schwab US TIPS ETF
SCHP
$16.3B
| $4.04M | ﹤0.01% |
152,530
-10,405
| -6% | -$278K |
|
2139
Fulcrum Therapeutics
FULC
$292M
| $4.04M | ﹤0.01% |
1,103,261
+560,096
| +103% | +$3.41M |
|
2140
iShares US Consumer Discretionary ETF
IYC
$1.2B
| $4.04M | ﹤0.01% |
39,932
+5,807
| +17% | +$588K |
|
|
TEM
2141
Tempus AI
TEM
$13.1B
| $4.03M | ﹤0.01% |
+69,744
| New | +$3.5M |
|
2142
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $4.03M | ﹤0.01% |
16,604
+12,371
| +292% | +$2.82M |
|
2143
Nu Skin
NUS
$231M
| $4.02M | ﹤0.01% |
789,131
-447,207
| -36% | -$2.86M |
|
2144
Pacira BioSciences
PCRX
$983M
| $4.02M | ﹤0.01% |
158,511
+4,213
| +3% | +$99.6K |
|
2145
BJ's Restaurants
BJRI
$1.42B
| $4.01M | ﹤0.01% |
65,957
+12,291
| +23% | +$538K |
|
2146
Ryman Hospitality Properties
RHP
$8.86B
| $4M | ﹤0.01% |
31,122
+974
| +3% | +$108K |
|
2147
Vanguard Financials ETF
VFH
$13.8B
| $3.99M | ﹤0.01% |
30,330
-648
| -2% | -$82.7K |
|
2148
Woodside Energy
WDS
$46.3B
| $3.98M | ﹤0.01% |
205,879
+99,822
| +94% | +$2.22M |
|
2149
Orange County Bancorp
OBT
$509M
| $3.97M | ﹤0.01% |
108,045
+78,851
| +270% | +$2.74M |
|
2150
Castle Biosciences
CSTL
$1.04B
| $3.97M | ﹤0.01% |
166,567
+101,687
| +157% | +$2.26M |
|
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Cliff Asness's Q2 2026 Portfolio in Review
As of Q2 2026, Cliff Asness held 3,986 positions worth $287B, up 31% from $218B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $37.5B of net new capital in Q2 2026, opening 247 new positions and adding to 2,455 existing holdings. Its largest new stake was FedEx Freight: 1,024,555 shares worth $155M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Micron Technology, an estimated $517M trimmed.
- Cliff Asness's largest Q2 2026 buy was FedEx Freight: 1,024,555 shares worth $155M.
- Cliff Asness added most to NVIDIA in Q2 2026, an estimated $1.17B increase.
- Cliff Asness's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $517M.
- Cliff Asness fully exited Masimo in Q2 2026, selling an estimated $147M.
- Cliff Asness's ten largest holdings make up 12% of its $287B portfolio in Q2 2026.
- Cliff Asness opened 247 new positions and closed 86 in Q2 2026.
- Cliff Asness's portfolio value rose 31% quarter-over-quarter to $287B.
Based on AQR Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.