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 |
Meta Platforms (Facebook)
META
|
+$511M |
| 2 |
Oracle
ORCL
|
+$454M |
| 3 |
Western Digital
WDC
|
+$438M |
| 4 |
LyondellBasell Industries
LYB
|
+$278M |
| 5 |
CELG
Celgene Corp
CELG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$265M |
| 2 |
PG&E
PCG
|
+$220M |
| 3 |
General Motors
GM
|
+$192M |
| 4 |
Regions Financial
RF
|
+$174M |
| 5 |
STI
SunTrust Banks, Inc.
STI
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.91% |
| 2 | Healthcare | 14.95% |
| 3 | Financials | 14.41% |
| 4 | Industrials | 13.09% |
| 5 | Consumer Discretionary | 13% |
Similar funds
Cliff Asness's Q4 2017 Portfolio in Review
As of Q4 2017, Cliff Asness held 2,349 positions worth $95.3B, up 14% from $83.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Cliff Asness deployed $6.3B of net new capital in Q4 2017, opening 115 new positions and adding to 1,048 existing holdings. Its largest new stake was Whiting Petroleum Corporation: 19,680 shares worth $39.1M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 16% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Aetna Inc, an estimated $265M trimmed.
- Cliff Asness's largest Q4 2017 buy was Whiting Petroleum Corporation: 19,680 shares worth $39.1M.
- Cliff Asness added most to Meta Platforms (Facebook) in Q4 2017, an estimated $511M increase.
- Cliff Asness's biggest Q4 2017 reduction was Aetna Inc, cutting an estimated $265M.
- Cliff Asness fully exited Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share in Q4 2017, selling an estimated $69.6M.
- Cliff Asness's ten largest holdings make up 11% of its $95.3B portfolio in Q4 2017.
- Cliff Asness opened 115 new positions and closed 134 in Q4 2017.
- Cliff Asness's portfolio value rose 14% quarter-over-quarter to $95.3B.
Based on AQR Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.