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 |
Apple
AAPL
|
+$523M |
| 2 |
Merck
MRK
|
+$243M |
| 3 |
Tesla
TSLA
|
+$188M |
| 4 |
Adobe
ADBE
|
+$159M |
| 5 |
Infosys
INFY
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$143M |
| 2 |
Cigna
CI
|
+$133M |
| 3 |
Delta Air Lines
DAL
|
+$121M |
| 4 |
Walt Disney
DIS
|
+$120M |
| 5 |
Cisco
CSCO
|
+$113M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.8% |
| 2 | Financials | 15.9% |
| 3 | Healthcare | 13.33% |
| 4 | Consumer Discretionary | 11.85% |
| 5 | Industrials | 11.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Cass Information Systems
CASS
$735M
| $498K | ﹤0.01% |
+12,183
| New | +$523K |
|
2252
Mirum Pharmaceuticals
MIRM
$5.9B
| $498K | ﹤0.01% |
12,048
-497
| -4% | -$20.7K |
|
2253
Matrix Service
MTRX
$301M
| $498K | ﹤0.01% |
41,598
-94,927
| -70% | -$1.16M |
|
2254
Coca-Cola Europacific Partners
CCEP
$48.6B
| $496K | ﹤0.01% |
6,454
+383
| +6% | +$29.6K |
|
2255
Codexis
CDXS
$182M
| $494K | ﹤0.01% |
103,631
-210,829
| -67% | -$868K |
|
2256
SmartRent
SMRT
$268M
| $493K | ﹤0.01% |
281,515
-526,375
| -65% | -$882K |
|
2257
Ingevity
NGVT
$2.37B
| $493K | ﹤0.01% |
12,087
+5,646
| +88% | +$235K |
|
2258
Annaly Capital Management
NLY
$17.5B
| $491K | ﹤0.01% |
26,825
+7,224
| +37% | +$141K |
|
2259
NuScale Power
SMR
$3.71B
| $491K | ﹤0.01% |
27,370
+10,635
| +64% | +$219K |
|
2260
Lands' End
LE
$377M
| $489K | ﹤0.01% |
37,248
-30,016
| -45% | -$471K |
|
2261
Progyny
PGNY
$1.95B
| $488K | ﹤0.01% |
+28,636
| New | +$444K |
|
2262
RB Global
RBA
$15.6B
| $487K | ﹤0.01% |
5,399
+1,395
| +35% | +$125K |
|
2263
Unity
U
$20.3B
| $487K | ﹤0.01% |
21,671
+12,216
| +129% | +$272K |
|
2264
Nabors Industries
NBR
$1.31B
| $487K | ﹤0.01% |
8,510
+2,901
| +52% | +$206K |
|
2265
Johnson Outdoors
JOUT
$491M
| $486K | ﹤0.01% |
14,733
-21,834
| -60% | -$743K |
|
2266
Scotiabank
BNS
$106B
| $486K | ﹤0.01% |
9,040
+3,290
| +57% | +$178K |
|
|
SLNO
2267
DELISTED
Soleno Therapeutics
SLNO
| $483K | ﹤0.01% |
10,748
-1,530
| -12% | -$79.3K |
|
2268
Kinross Gold
KGC
$39.1B
| $483K | ﹤0.01% |
52,083
+213
| +0.4% | +$2.1K |
|
2269
Cambria Shareholder Yield ETF
SYLD
$1.03B
| $483K | ﹤0.01% |
+7,047
| New | +$509K |
|
2270
Astera Labs
ALAB
$48.1B
| $481K | ﹤0.01% |
+3,635
| New | +$341K |
|
2271
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.7B
| $480K | ﹤0.01% |
3,846
+563
| +17% | +$72.7K |
|
|
SMLR
2272
DELISTED
Semler Scientific
SMLR
| $480K | ﹤0.01% |
8,880
-67,450
| -88% | -$3.1M |
|
2273
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.25B
| $479K | ﹤0.01% |
9,451
+38
| +0.4% | +$1.93K |
|
2274
Xponential Fitness
XPOF
$216M
| $479K | ﹤0.01% |
35,578
+3,195
| +10% | +$44K |
|
2275
Unitil
UTL
$977M
| $478K | ﹤0.01% |
8,820
+1,584
| +22% | +$91.9K |
|
Similar funds
Cliff Asness's Q4 2024 Portfolio in Review
As of Q4 2024, Cliff Asness held 3,002 positions worth $77.6B, up 7.2% from $72.4B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Cliff Asness deployed $4.38B of net new capital in Q4 2024, opening 251 new positions and adding to 1,435 existing holdings. Its largest new stake was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $143M trimmed.
- Cliff Asness's largest Q4 2024 buy was iShares Russell 2000 Value ETF: 98,982 shares worth $16.2M.
- Cliff Asness added most to Apple in Q4 2024, an estimated $523M increase.
- Cliff Asness's biggest Q4 2024 reduction was Alphabet (Google) Class A, cutting an estimated $143M.
- Cliff Asness fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $5.41M.
- Cliff Asness's ten largest holdings make up 15% of its $77.6B portfolio in Q4 2024.
- Cliff Asness opened 251 new positions and closed 141 in Q4 2024.
- Cliff Asness's portfolio value rose 7.2% quarter-over-quarter to $77.6B.
Based on AQR Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.