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 | |
|---|---|---|---|---|---|---|
2351
iShares Core MSCI Europe ETF
IEUR
$9.43B
| $3M | ﹤0.01% |
39,957
+28,417
| +246% | +$2.12M |
|
|
LTC
2352
LTC Properties
LTC
$2.17B
| $3M | ﹤0.01% |
78,073
-232
| -0.3% | -$8.81K |
|
2353
Lemonade
LMND
$4.13B
| $3M | ﹤0.01% |
46,085
-15,369
| -25% | -$899K |
|
2354
Bridgewater Bancshares
BWB
$603M
| $2.99M | ﹤0.01% |
142,273
+67,994
| +92% | +$1.29M |
|
2355
Vanguard International Dividend Appreciation ETF
VIGI
$9.22B
| $2.99M | ﹤0.01% |
32,053
+5,265
| +20% | +$488K |
|
2356
Nkarta
NKTX
$191M
| $2.98M | ﹤0.01% |
1,054,251
+458,525
| +77% | +$1.29M |
|
2357
Hingham Institution for Saving
HIFS
$654M
| $2.98M | ﹤0.01% |
9,693
+7,395
| +322% | +$2.13M |
|
2358
SmartFinancial
SMBK
$873M
| $2.97M | ﹤0.01% |
63,265
+13,376
| +27% | +$568K |
|
2359
Norwegian Cruise Line
NCLH
$7.92B
| $2.97M | ﹤0.01% |
140,602
-777,122
| -85% | -$14.5M |
|
2360
Prothena Corp
PRTA
$485M
| $2.96M | ﹤0.01% |
302,572
+98,556
| +48% | +$973K |
|
2361
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
| $2.96M | ﹤0.01% |
53,662
-5,500
| -9% | -$302K |
|
2362
Invesco S&P MidCap Momentum ETF
XMMO
$7.33B
| $2.96M | ﹤0.01% |
17,387
+1,554
| +10% | +$253K |
|
2363
First Advantage
FA
$3.59B
| $2.95M | ﹤0.01% |
163,588
+112,743
| +222% | +$1.63M |
|
2364
Ibotta
IBTA
$760M
| $2.95M | ﹤0.01% |
86,237
+38,230
| +80% | +$1.28M |
|
2365
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$136M
| $2.94M | ﹤0.01% |
40,501
-876
| -2% | -$56.5K |
|
2366
Regional Management Corp
RM
$315M
| $2.94M | ﹤0.01% |
71,379
+7,780
| +12% | +$285K |
|
2367
Blackstone Mortgage Trust
BXMT
$2.41B
| $2.94M | ﹤0.01% |
173,348
-50,154
| -22% | -$937K |
|
2368
StepStone Group
STEP
$4.11B
| $2.93M | ﹤0.01% |
70,926
-82,902
| -54% | -$4.1M |
|
2369
Alerian MLP ETF
AMLP
$13.2B
| $2.93M | ﹤0.01% |
56,554
+49,369
| +687% | +$2.59M |
|
2370
Unity Bancorp
UNTY
$597M
| $2.92M | ﹤0.01% |
49,750
+32,124
| +182% | +$1.75M |
|
2371
Adeia
ADEA
$2.89B
| $2.92M | ﹤0.01% |
88,644
+2,382
| +3% | +$70.3K |
|
2372
Genmab
GMAB
$20.6B
| $2.91M | ﹤0.01% |
106,104
+22,825
| +27% | +$607K |
|
2373
RBB Bancorp
RBB
$451M
| $2.91M | ﹤0.01% |
106,302
+29,273
| +38% | +$702K |
|
2374
Ennis
EBF
$546M
| $2.91M | ﹤0.01% |
137,102
-14,871
| -10% | -$309K |
|
2375
Zymeworks
ZYME
$2.05B
| $2.91M | ﹤0.01% |
111,282
+20,613
| +23% | +$524K |
|
Similar funds
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.