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 |
Zoom
ZM
|
+$92.3M |
| 2 |
Vale
VALE
|
+$85.3M |
| 3 |
Kroger
KR
|
+$83.6M |
| 4 |
GRMN
Garmin
GRMN
|
+$78.8M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$77.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$406M |
| 2 |
Microsoft
MSFT
|
+$348M |
| 3 |
Meta Platforms (Facebook)
META
|
+$313M |
| 4 |
Procter & Gamble
PG
|
+$250M |
| 5 |
Qualcomm
QCOM
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.69% |
| 2 | Healthcare | 16.6% |
| 3 | Consumer Discretionary | 15.33% |
| 4 | Consumer Staples | 9.94% |
| 5 | Industrials | 9.27% |
Similar funds
Cliff Asness's Q3 2020 Portfolio in Review
As of Q3 2020, Cliff Asness held 2,339 positions worth $59.2B, down 4.3% from $61.8B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Cliff Asness withdrew a net $8.18B in Q3 2020, closing 169 positions and reducing 1,169 holdings. Its most notable exit was LogMein, Inc., an estimated $37.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Cliff Asness opened a new position in Zoom worth $136M.
- Cliff Asness's largest Q3 2020 buy was Zoom: 288,628 shares worth $136M.
- Cliff Asness added most to Vale in Q3 2020, an estimated $85.3M increase.
- Cliff Asness's biggest Q3 2020 reduction was Apple, cutting an estimated $406M.
- Cliff Asness fully exited LogMein, Inc. in Q3 2020, selling an estimated $37.2M.
- Cliff Asness's ten largest holdings make up 19% of its $59.2B portfolio in Q3 2020.
- Cliff Asness opened 241 new positions and closed 169 in Q3 2020.
- Cliff Asness's portfolio value fell 4.3% quarter-over-quarter to $59.2B.
Based on AQR Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.