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 | |
|---|---|---|---|---|---|---|
201
OneMain Financial
OMF
$7.27B
| $384M | 0.13% |
6,296,859
+2,990,621
| +90% | +$168M |
|
202
Intuit
INTU
$100B
| $383M | 0.13% |
1,467,579
+963,148
| +191% | +$335M |
|
203
TD Synnex
SNX
$20B
| $383M | 0.13% |
1,431,768
-798,554
| -36% | -$192M |
|
204
Abbott
ABT
$202B
| $380M | 0.13% |
4,193,058
+2,620,022
| +167% | +$239M |
|
205
Palantir
PLTR
$432B
| $380M | 0.13% |
3,284,152
-641,672
| -16% | -$87.5M |
|
206
BorgWarner
BWA
$13.8B
| $380M | 0.13% |
5,749,595
-1,474,969
| -20% | -$93.4M |
|
207
Commerce Bancshares
CBSH
$8.37B
| $378M | 0.13% |
6,544,830
+4,681,238
| +251% | +$246M |
|
208
Suncor Energy
SU
$80B
| $377M | 0.13% |
7,014,228
+894,926
| +15% | +$56.7M |
|
209
SS&C Technologies
SSNC
$19.5B
| $377M | 0.13% |
6,074,515
+3,235,472
| +114% | +$220M |
|
210
Dell
DELL
$286B
| $375M | 0.13% |
879,477
-180,207
| -17% | -$52.1M |
|
211
Iridium Communications
IRDM
$5.19B
| $374M | 0.13% |
6,847,072
+3,929,245
| +135% | +$168M |
|
212
Insulet
PODD
$10.3B
| $374M | 0.13% |
2,455,135
+856,411
| +54% | +$143M |
|
213
Popular Inc
BPOP
$10.8B
| $373M | 0.13% |
2,268,854
-291,368
| -11% | -$43.9M |
|
|
SCHW
214
Charles Schwab
SCHW
$194B
| $371M | 0.13% |
4,025,866
+2,021,122
| +101% | +$184M |
|
215
Kinder Morgan
KMI
$69B
| $371M | 0.13% |
11,610,534
+316,729
| +3% | +$10.2M |
|
216
Wabtec
WAB
$50.3B
| $370M | 0.13% |
1,370,868
+26,802
| +2% | +$7.09M |
|
217
H&R Block
HRB
$6.62B
| $366M | 0.13% |
9,616,406
+6,433,681
| +202% | +$224M |
|
218
Republic Services
RSG
$67.6B
| $366M | 0.13% |
1,717,195
+256,785
| +18% | +$53.7M |
|
219
Dynatrace
DT
$14.2B
| $365M | 0.13% |
8,317,467
+6,450,014
| +345% | +$251M |
|
220
MSCI
MSCI
$41B
| $364M | 0.13% |
658,427
+5,404
| +0.8% | +$3.15M |
|
221
RBC Bearings
RBC
$16B
| $364M | 0.13% |
566,628
+275,895
| +95% | +$164M |
|
222
Verizon
VZ
$205B
| $360M | 0.13% |
8,509,392
-140,473
| -2% | -$6.59M |
|
223
Jazz Pharmaceuticals
JAZZ
$16.5B
| $360M | 0.13% |
1,522,568
+184,110
| +14% | +$40.3M |
|
224
Analog Devices
ADI
$182B
| $359M | 0.13% |
903,838
+141,150
| +19% | +$55.9M |
|
225
United Airlines
UAL
$36.7B
| $358M | 0.12% |
2,631,391
-1,048,317
| -28% | -$109M |
|
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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.