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 |
Capital One
COF
|
+$129M |
| 2 |
EOG Resources
EOG
|
+$112M |
| 3 |
Trane Technologies
TT
|
+$81.4M |
| 4 |
Deere & Co
DE
|
+$74.4M |
| 5 |
Automatic Data Processing
ADP
|
+$66.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$763M |
| 2 |
Amazon
AMZN
|
+$183M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Oracle
ORCL
|
+$162M |
| 5 |
Kroger
KR
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.33% |
| 2 | Healthcare | 15.26% |
| 3 | Industrials | 12.9% |
| 4 | Financials | 12.31% |
| 5 | Consumer Discretionary | 11.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
First Bancorp
FBNC
$2.68B
| – | – |
-8,463
| Closed | -$346K |
|
2252
First Financial Bancorp
FFBC
$3.47B
| – | – |
-51,714
| Closed | -$1.22M |
|
2253
Fluor
FLR
$7.01B
| – | – |
-51,552
| Closed | -$906K |
|
2254
Freshpet
FRPT
$3.55B
| – | – |
-7,585
| Closed | -$1.24M |
|
2255
Fastly Inc
FSLY
$3.97B
| – | – |
-6,917
| Closed | -$412K |
|
2256
Federal Signal
FSS
$7.48B
| – | – |
-6,704
| Closed | -$270K |
|
2257
H.B. Fuller
FUL
$3.16B
| – | – |
-10,934
| Closed | -$696K |
|
2258
Guardant Health
GH
$22.9B
| – | – |
-22,351
| Closed | -$2.78M |
|
|
CBIO
2259
Crescent Biopharma
CBIO
$637M
| – | – |
-976
| Closed | -$226K |
|
2260
Greenlane Holdings
GNLN
$2.05M
| – | – |
0
| – | -$116K |
|
2261
Goldgroup Mining
GORO
$240M
| – | – |
-233,698
| Closed | -$603K |
|
2262
Gaotu Techedu
GOTU
$401M
| – | – |
-18,411
| Closed | -$272K |
|
2263
GrowGeneration
GRWG
$101M
| – | – |
-13,219
| Closed | -$636K |
|
2264
Hyatt Hotels
H
$17B
| – | – |
-17,384
| Closed | -$1.34M |
|
2265
Huntington Bancshares
HBAN
$34.4B
| – | – |
-48,369
| Closed | -$690K |
|
2266
Hexcel
HXL
$7.1B
| – | – |
-3,667
| Closed | -$229K |
|
2267
IDEAYA Biosciences
IDYA
$3.83B
| – | – |
-24,853
| Closed | -$522K |
|
2268
International Flavors & Fragrances
IFF
$21.5B
| – | – |
-1,822
| Closed | -$270K |
|
2269
Immersion
IMMR
$249M
| – | – |
-61,393
| Closed | -$538K |
|
2270
Inseego
INSG
$72.1M
| – | – |
-1,655
| Closed | -$167K |
|
2271
Ionis Pharmaceuticals
IONS
$9.93B
| – | – |
-13,434
| Closed | -$528K |
|
2272
JD.com
JD
$39.7B
| – | – |
-1,589,269
| Closed | -$127M |
|
|
JWN
2273
DELISTED
Nordstrom
JWN
| – | – |
-49,368
| Closed | -$1.8M |
|
2274
CarMax
KMX
$8.82B
| – | – |
-79,667
| Closed | -$10.3M |
|
2275
Kodak
KODK
$963M
| – | – |
-13,539
| Closed | -$113K |
|
Similar funds
Cliff Asness's Q3 2021 Portfolio in Review
As of Q3 2021, Cliff Asness held 2,400 positions worth $53.9B, down 6.7% from $57.8B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Cliff Asness withdrew a net $3.34B in Q3 2021, closing 165 positions and reducing 1,029 holdings. Its most notable exit was Alibaba, an estimated $763M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Cliff Asness opened a new position in Albertsons Companies worth $15M.
- Cliff Asness's largest Q3 2021 buy was Albertsons Companies: 481,384 shares worth $15M.
- Cliff Asness added most to Capital One in Q3 2021, an estimated $129M increase.
- Cliff Asness's biggest Q3 2021 reduction was Amazon, cutting an estimated $183M.
- Cliff Asness fully exited Alibaba in Q3 2021, selling an estimated $763M.
- Cliff Asness's ten largest holdings make up 17% of its $53.9B portfolio in Q3 2021.
- Cliff Asness opened 176 new positions and closed 165 in Q3 2021.
- Cliff Asness's portfolio value fell 6.7% quarter-over-quarter to $53.9B.
Based on AQR Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.