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Cliff Asness AQR Capital Management

AUM $287B
1-Year Est. Return 42.33%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-0.4%
1 Year Est. Return
+42.33%
3 Year Est. Return
+119.89%
5 Year Est. Return
+147.33%
10 Year Est. Return
+543.74%
AUM
$53.9B
AUM Growth
-$3.86B
Cap. Flow
-$3.34B
Cap. Flow %
-6.19%
Top 10 Hldgs %
17.39%
Holding
2,400
New
176
Increased
945
Reduced
1,029
Closed
165

Top Buys

Rank Stock Value
1
COF icon
Capital One
COF
+$129M
2
EOG icon
EOG Resources
EOG
+$112M
3
TT icon
Trane Technologies
TT
+$81.4M
4
DE icon
Deere & Co
DE
+$74.4M
5
ADP icon
Automatic Data Processing
ADP
+$66.3M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$763M
2
AMZN icon
Amazon
AMZN
+$183M
3
AAPL icon
Apple
AAPL
+$171M
4
ORCL icon
Oracle
ORCL
+$162M
5
KR icon
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
KOP icon
2276
Koppers
KOP
$855M
– –
-38,134
Closed -$1.23M
LAKE icon
2277
Lakeland Industries
LAKE
$111M
– –
-30,103
Closed -$672K
LBRT icon
2278
Liberty Energy
LBRT
$3.16B
– –
-51,863
Closed -$734K
LYV icon
2279
Live Nation Entertainment
LYV
$42.4B
– –
-93,001
Closed -$8.15M
LZ icon
2280
LegalZoom.com
LZ
$998M
– –
-13,333
Closed -$505K
MAR icon
2281
Marriott International
MAR
$92.9B
– –
-18,497
Closed -$2.52M
MRKR icon
2282
Marker Therapeutics
MRKR
$23.2M
– –
-4,152
Closed -$116K
NCLH icon
2283
Norwegian Cruise Line
NCLH
$7.92B
– –
-61,202
Closed -$1.79M
NERV icon
2284
Minerva Neurosciences
NERV
$231M
– –
-6,603
Closed -$123K
NTES icon
2285
NetEase
NTES
$82.1B
– –
-741,361
Closed -$85.4M
NTNX icon
2286
Nutanix
NTNX
$18.3B
– –
-22,346
Closed -$854K
NTRA icon
2287
Natera
NTRA
$47.9B
– –
-29,464
Closed -$3.35M
NVAX icon
2288
Novavax
NVAX
$1.47B
– –
-28,679
Closed -$6.09M
OESX icon
2289
Orion Energy Systems
OESX
$81.1M
– –
-2,810
Closed -$161K
OLP
2290
One Liberty Properties
OLP
$529M
– –
-22,307
Closed -$633K
OPTN
2291
DELISTED
OptiNose
OPTN
– –
-2,855
Closed -$133K
OSUR icon
2292
OraSure Technologies
OSUR
$268M
– –
-13,913
Closed -$141K
OSW icon
2293
OneSpaWorld
OSW
$2.71B
– –
-12,445
Closed -$121K
OVID icon
2294
Ovid Therapeutics
OVID
$547M
– –
-301,767
Closed -$1.18M
PCG icon
2295
PG&E
PCG
$38.8B
– –
-284,475
Closed -$2.88M
PETS icon
2296
PetMed Express
PETS
$38.2M
– –
-13,976
Closed -$445K
PKE icon
2297
Park Aerospace
PKE
$737M
– –
-18,073
Closed -$269K
POWL icon
2298
Powell Industries
POWL
$7.2B
– –
-88,959
Closed -$918K
PRPL icon
2299
Purple Innovation
PRPL
$24.1M
– –
-1,626
Closed -$1.07M
PRTS icon
2300
CarParts.com
PRTS
$50.6M
– –
-2,308
Closed -$470K
90 91
92
93 94

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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.