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 |
NVIDIA
NVDA
|
+$1.17B |
| 2 |
Apple
AAPL
|
+$849M |
| 3 |
Chevron
CVX
|
+$746M |
| 4 |
Synopsys
SNPS
|
+$643M |
| 5 |
Wells Fargo
WFC
|
+$633M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$517M |
| 2 |
Booking.com
BKNG
|
+$488M |
| 3 |
Walmart Inc
WMT
|
+$414M |
| 4 |
SNDK
Sandisk
SNDK
|
+$355M |
| 5 |
Cigna
CI
|
+$325M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.5% |
| 2 | Financials | 14.38% |
| 3 | Industrials | 14.2% |
| 4 | Consumer Discretionary | 10.53% |
| 5 | Healthcare | 10.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
Amer Sports
AS
$19B
| $3.33M | ﹤0.01% |
98,488
-3,149
| -3% | -$110K |
|
2277
Alta Equipment Group
ALTG
$212M
| $3.32M | ﹤0.01% |
513,876
+365,845
| +247% | +$2.45M |
|
2278
Monro
MNRO
$392M
| $3.32M | ﹤0.01% |
194,222
-133,435
| -41% | -$2.18M |
|
2279
Red Rock Resorts
RRR
$3.61B
| $3.32M | ﹤0.01% |
51,072
+14,518
| +40% | +$826K |
|
2280
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11B
| $3.32M | ﹤0.01% |
28,247
-727
| -3% | -$80.8K |
|
2281
Ligand Pharmaceuticals
LGND
$5.71B
| $3.3M | ﹤0.01% |
10,444
+3,007
| +40% | +$709K |
|
2282
Ribbon Communications
RBBN
$363M
| $3.3M | ﹤0.01% |
1,409,795
+152,448
| +12% | +$402K |
|
2283
DNOW Inc
DNOW
$2.83B
| $3.28M | ﹤0.01% |
253,003
+214,854
| +563% | +$2.79M |
|
2284
Telephone and Data Systems
TDS
$3.87B
| $3.27M | ﹤0.01% |
88,474
+1,872
| +2% | +$78.9K |
|
2285
Sociedad Química y Minera de Chile
SQM
$23.4B
| $3.27M | ﹤0.01% |
44,755
+41,615
| +1,325% | +$3.48M |
|
|
NSA
2286
DELISTED
National Storage Affiliates Trust
NSA
| $3.26M | ﹤0.01% |
73,309
-30,868
| -30% | -$1.32M |
|
|
AIRJ
2287
Montana Technologies Corp
AIRJ
$368M
| $3.25M | ﹤0.01% |
587,295
+209,261
| +55% | +$811K |
|
2288
Zurn Elkay Water Solutions
ZWS
$8.13B
| $3.24M | ﹤0.01% |
64,216
+20,985
| +49% | +$1.03M |
|
2289
First Community Bankshares
FCBC
$930M
| $3.24M | ﹤0.01% |
73,016
-1,795
| -2% | -$77.1K |
|
2290
Vanguard Consumer Discretionary ETF
VCR
$6.09B
| $3.24M | ﹤0.01% |
8,177
+744
| +10% | +$289K |
|
2291
Grindr
GRND
$2.7B
| $3.24M | ﹤0.01% |
225,521
+33,723
| +18% | +$437K |
|
|
CALY
2292
Callaway Golf Company
CALY
$2.84B
| $3.24M | ﹤0.01% |
172,371
+62,382
| +57% | +$978K |
|
|
INR
2293
Infinity Natural Resources
INR
$277M
| $3.24M | ﹤0.01% |
254,784
+111,978
| +78% | +$1.67M |
|
2294
Celldex Therapeutics
CLDX
$3.17B
| $3.23M | ﹤0.01% |
86,893
+79,116
| +1,017% | +$2.56M |
|
2295
Business First Bancshares
BFST
$1.01B
| $3.23M | ﹤0.01% |
105,211
+4,354
| +4% | +$123K |
|
2296
Conduent
CNDT
$250M
| $3.23M | ﹤0.01% |
2,211,807
+628,728
| +40% | +$976K |
|
2297
PDF Solutions
PDFS
$1.93B
| $3.23M | ﹤0.01% |
45,580
-2,992
| -6% | -$148K |
|
|
LPRO
2298
DELISTED
Open Lending Corp
LPRO
| $3.22M | ﹤0.01% |
1,033,905
-99,965
| -9% | -$204K |
|
2299
Park National Corp
PRK
$3.65B
| $3.21M | ﹤0.01% |
17,565
+467
| +3% | +$80.7K |
|
2300
Donegal Group Class A
DGICA
$693M
| $3.21M | ﹤0.01% |
170,415
-1,728
| -1% | -$30K |
|
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Cliff Asness's Q2 2026 Portfolio in Review
As of Q2 2026, Cliff Asness held 3,986 positions worth $287B, up 31% from $218B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Cliff Asness deployed $37.5B of net new capital in Q2 2026, opening 247 new positions and adding to 2,455 existing holdings. Its largest new stake was FedEx Freight: 1,024,555 shares worth $155M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Micron Technology, an estimated $517M trimmed.
- Cliff Asness's largest Q2 2026 buy was FedEx Freight: 1,024,555 shares worth $155M.
- Cliff Asness added most to NVIDIA in Q2 2026, an estimated $1.17B increase.
- Cliff Asness's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $517M.
- Cliff Asness fully exited Masimo in Q2 2026, selling an estimated $147M.
- Cliff Asness's ten largest holdings make up 12% of its $287B portfolio in Q2 2026.
- Cliff Asness opened 247 new positions and closed 86 in Q2 2026.
- Cliff Asness's portfolio value rose 31% quarter-over-quarter to $287B.
Based on AQR Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.