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 |
Micron Technology
MU
|
+$619M |
| 2 |
Target
TGT
|
+$465M |
| 3 |
Microsoft
MSFT
|
+$390M |
| 4 |
Pfizer
PFE
|
+$353M |
| 5 |
Adobe
ADBE
|
+$348M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$401M |
| 2 |
Oracle
ORCL
|
+$322M |
| 3 |
eBay
EBAY
|
+$235M |
| 4 |
Exelon
EXC
|
+$232M |
| 5 |
Booking.com
BKNG
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.82% |
| 2 | Healthcare | 17.12% |
| 3 | Consumer Discretionary | 14.04% |
| 4 | Industrials | 11.74% |
| 5 | Financials | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CDMO
2201
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $187K | ﹤0.01% |
27,286
| – | – |
|
2202
Safe Bulkers
SB
$869M
| $185K | ﹤0.01% |
64,355
-20,563
| -24% | -$63.3K |
|
2203
Plug Power
PLUG
$3.17B
| $184K | ﹤0.01% |
95,757
| – | – |
|
|
ONIT
2204
Onity Group
ONIT
$301M
| $183K | ﹤0.01% |
3,089
+1,214
| +65% | +$75.2K |
|
|
EPE
2205
DELISTED
EP Energy Corporation
EPE
| $179K | ﹤0.01% |
+76,541
| New | +$160K |
|
2206
Geron
GERN
$977M
| $177K | ﹤0.01% |
100,583
+18,996
| +23% | +$82.8K |
|
2207
INNOVATE Corp
VATE
$107M
| $177K | ﹤0.01% |
2,886
| – | – |
|
|
IVC
2208
DELISTED
Invacare Corporation
IVC
| $177K | ﹤0.01% |
+12,156
| New | +$201K |
|
|
CTT
2209
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $176K | ﹤0.01% |
15,413
-593
| -4% | -$7.3K |
|
2210
Knowles
KN
$2.85B
| $175K | ﹤0.01% |
10,517
-843
| -7% | -$14.2K |
|
|
UCTT
2211
Ultra Clean Holdings
UCTT
$3.46B
| $175K | ﹤0.01% |
13,918
-507,127
| -97% | -$7.37M |
|
|
CSR
2212
Centerspace
CSR
$906M
| $173K | ﹤0.01% |
+2,892
| New | +$159K |
|
2213
Travelzoo
TZOO
$68.2M
| $173K | ﹤0.01% |
+14,569
| New | +$207K |
|
|
VRAY
2214
DELISTED
ViewRay, Inc.
VRAY
| $172K | ﹤0.01% |
18,380
-7,846
| -30% | -$77.1K |
|
2215
DNOW Inc
DNOW
$2.83B
| $171K | ﹤0.01% |
+10,336
| New | +$164K |
|
|
XIN
2216
DELISTED
Xinyuan Real Estate
XIN
| $171K | ﹤0.01% |
3,790
+640
| +20% | +$28.7K |
|
|
IOTS
2217
DELISTED
Adesto Technologies Corp
IOTS
| $170K | ﹤0.01% |
28,558
+9,972
| +54% | +$59.4K |
|
2218
Fennec Pharmaceuticals
FENC
$396M
| $169K | ﹤0.01% |
20,560
+4,429
| +27% | +$41.1K |
|
|
UMH
2219
UMH Properties
UMH
$1.41B
| $169K | ﹤0.01% |
10,832
+39
| +0.4% | +$613 |
|
2220
Ooma
OOMA
$605M
| $168K | ﹤0.01% |
+10,093
| New | +$162K |
|
|
VSA
2221
VisionSys AI
VSA
$9.78M
| $167K | ﹤0.01% |
8
| – | – |
|
2222
AXT Inc
AXTI
$4.64B
| $166K | ﹤0.01% |
23,179
-9,294
| -29% | -$70.7K |
|
2223
Ameresco
AMRC
$1.13B
| $165K | ﹤0.01% |
12,117
| – | – |
|
2224
Uranium Energy
UEC
$6.31B
| $165K | ﹤0.01% |
95,869
| – | – |
|
|
MARK
2225
DELISTED
Remark Holdings, Inc.
MARK
| $165K | ﹤0.01% |
5,187
| – | – |
|
Similar funds
Cliff Asness's Q3 2018 Portfolio in Review
As of Q3 2018, Cliff Asness held 2,400 positions worth $105B, up 5.3% from $99.3B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Cliff Asness's Q3 2018 filing shows 91 new, 1,022 increased, 1,069 reduced and 146 closed positions. Its largest new stake was Bombardier Recreational Products: 908,172 shares worth $42.6M. The largest sale was Meta Platforms (Facebook), an estimated $401M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Cliff Asness's largest Q3 2018 buy was Bombardier Recreational Products: 908,172 shares worth $42.6M.
- Cliff Asness added most to Micron Technology in Q3 2018, an estimated $619M increase.
- Cliff Asness's biggest Q3 2018 reduction was Meta Platforms (Facebook), cutting an estimated $401M.
- Cliff Asness fully exited Verifone Systems Inc in Q3 2018, selling an estimated $25.9M.
- Cliff Asness's ten largest holdings make up 13% of its $105B portfolio in Q3 2018.
- Cliff Asness opened 91 new positions and closed 146 in Q3 2018.
- Cliff Asness's portfolio value rose 5.3% quarter-over-quarter to $105B.
Based on AQR Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.