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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2126
SmartFinancial
SMBK
$875M
| $642K | ﹤0.01% |
+20,717
| New | +$685K |
|
2127
HNI Corp
HNI
$3.54B
| $641K | ﹤0.01% |
12,725
-1,102
| -8% | -$59.1K |
|
2128
Privia Health
PRVA
$2.68B
| $640K | ﹤0.01% |
32,713
+6,037
| +23% | +$120K |
|
2129
Sinclair Inc
SBGI
$1.05B
| $638K | ﹤0.01% |
39,735
-16,246
| -29% | -$274K |
|
2130
ESCO Technologies
ESE
$7.14B
| $638K | ﹤0.01% |
4,787
+714
| +18% | +$97K |
|
2131
WisdomTree Global ex-U.S. Quality Growth Fund
DNL
$498M
| $637K | ﹤0.01% |
17,704
+2,972
| +20% | +$112K |
|
2132
National Beverage
FIZZ
$3.1B
| $636K | ﹤0.01% |
14,896
+5,271
| +55% | +$246K |
|
2133
Stellantis
STLA
$19.7B
| $634K | ﹤0.01% |
48,580
+30,996
| +176% | +$411K |
|
2134
DocGo
DCGO
$37.8M
| $633K | ﹤0.01% |
149,376
-34,350
| -19% | -$132K |
|
|
ROIC
2135
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $631K | ﹤0.01% |
36,322
-10,357
| -22% | -$173K |
|
2136
Cohu
COHU
$2.43B
| $629K | ﹤0.01% |
23,567
-25,235
| -52% | -$660K |
|
2137
TIM SA
TIMB
$8.69B
| $629K | ﹤0.01% |
53,481
+2,951
| +6% | +$41.4K |
|
2138
PIMCO Active Bond Exchange-Traded Fund
BOND
$8.57B
| $629K | ﹤0.01% |
6,955
-631
| -8% | -$58.1K |
|
2139
Sonos
SONO
$1.82B
| $629K | ﹤0.01% |
41,814
+12,890
| +45% | +$173K |
|
2140
ArcBest
ARCB
$3.01B
| $627K | ﹤0.01% |
6,719
-2,075
| -24% | -$219K |
|
2141
Sana Biotechnology
SANA
$1.13B
| $624K | ﹤0.01% |
382,663
+311,255
| +436% | +$928K |
|
|
STR
2142
DELISTED
Sitio Royalties
STR
| $623K | ﹤0.01% |
32,499
+5,970
| +23% | +$133K |
|
2143
Casella Waste Systems
CWST
$6.03B
| $623K | ﹤0.01% |
5,888
+1,639
| +39% | +$173K |
|
2144
United Parks & Resorts
PRKS
$2.03B
| $615K | ﹤0.01% |
10,938
+924
| +9% | +$50.6K |
|
|
MCHB
2145
Mechanics Bancorp
MCHB
$3.58B
| $615K | ﹤0.01% |
53,811
-50,894
| -49% | -$630K |
|
|
AMED
2146
DELISTED
Amedisys
AMED
| $614K | ﹤0.01% |
6,764
-406
| -6% | -$37.3K |
|
2147
Boyd Gaming
BYD
$5.89B
| $612K | ﹤0.01% |
8,451
+604
| +8% | +$42.4K |
|
2148
Bank of Hawaii
BOH
$3.03B
| $612K | ﹤0.01% |
+8,584
| New | +$620K |
|
|
FFWM
2149
DELISTED
First Foundation Inc
FFWM
| $611K | ﹤0.01% |
98,451
-60,531
| -38% | -$437K |
|
2150
Clear Channel Outdoor Holdings
CCO
$1.2B
| $610K | ﹤0.01% |
445,413
+110,495
| +33% | +$169K |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.