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 |
Hewlett Packard
HPE
|
+$483M |
| 2 |
Wells Fargo
WFC
|
+$147M |
| 3 |
Delta Air Lines
DAL
|
+$139M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$129M |
| 5 |
Aflac
AFL
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$115M |
| 2 |
Cognizant
CTSH
|
+$107M |
| 3 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$107M |
| 4 |
DuPont de Nemours
DD
|
+$90.3M |
| 5 |
PepsiCo
PEP
|
+$69.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.58% |
| 2 | Technology | 16.26% |
| 3 | Industrials | 14.81% |
| 4 | Consumer Discretionary | 11.81% |
| 5 | Healthcare | 9.46% |
Similar funds
Cliff Asness's Q4 2016 Portfolio in Review
As of Q4 2016, Cliff Asness held 2,368 positions worth $72.5B, up 11% from $65.3B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Cliff Asness deployed $4.26B of net new capital in Q4 2016, opening 125 new positions and adding to 1,024 existing holdings. Its largest new stake was Yum China: 1,080,283 shares worth $28.2M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 13% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Mondelez International, an estimated $115M trimmed.
- Cliff Asness's largest Q4 2016 buy was Yum China: 1,080,283 shares worth $28.2M.
- Cliff Asness added most to Hewlett Packard in Q4 2016, an estimated $483M increase.
- Cliff Asness's biggest Q4 2016 reduction was Mondelez International, cutting an estimated $115M.
- Cliff Asness fully exited Lexmark Intl Inc in Q4 2016, selling an estimated $32.5M.
- Cliff Asness's ten largest holdings make up 8.9% of its $72.5B portfolio in Q4 2016.
- Cliff Asness opened 125 new positions and closed 145 in Q4 2016.
- Cliff Asness's portfolio value rose 11% quarter-over-quarter to $72.5B.
Based on AQR Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.