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Cliff Asness AQR Capital Management
AUM
$287B
Turnover
8.35%
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
+22.95%
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
$287B
AUM Growth
+$68.5B
(+31%)
Cap. Flow
+$37.5B
Cap. Flow % of AUM
Cap. Flow %
13.08%
Top 10 Holdings %
Top 10 Hldgs %
12.15%
Holding
3,986
New
247
Increased
2,455
Reduced
1,098
Closed
86
Avg Time Held
4.1
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.3
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
2351
iShares Core MSCI Europe ETF
IEUR
$9.5B
| $3M | ﹤0.01% |
39,957
+28,417
| +246% | +$2.12M |
2026 Q1
1 quarter
|
|
2352
LTC Properties
LTC
$2.41B
| $3M | ﹤0.01% |
78,073
-232
| -0.3% | -$8.81K |
2022 Q1
17 quarters
|
|
2353
Lemonade
LMND
$3.32B
| $3M | ﹤0.01% |
46,085
-15,369
| -25% | -$899K |
2024 Q1
9 quarters
|
|
2354
Bridgewater Bancshares
BWB
$566M
| $2.99M | ﹤0.01% |
142,273
+67,994
| +92% | +$1.29M |
2025 Q1
5 quarters
|
|
2355
Vanguard International Dividend Appreciation ETF
VIGI
$9.19B
| $2.99M | ﹤0.01% |
32,053
+5,265
| +20% | +$488K |
2024 Q3
7 quarters
|
|
2356
Nkarta
NKTX
$112M
| $2.98M | ﹤0.01% |
1,054,251
+458,525
| +77% | +$1.29M |
2024 Q2
8 quarters
|
|
2357
Hingham Institution for Saving
HIFS
$663M
| $2.98M | ﹤0.01% |
9,693
+7,395
| +322% | +$2.13M |
2023 Q4
10 quarters
|
|
2358
SmartFinancial
SMBK
$829M
| $2.97M | ﹤0.01% |
63,265
+13,376
| +27% | +$568K |
2024 Q4
6 quarters
|
|
2359
Norwegian Cruise Line
NCLH
$8.07B
| $2.97M | ﹤0.01% |
140,602
-777,122
| -85% | -$14.5M |
2024 Q1
9 quarters
|
|
2360
Prothena Corp
PRTA
$435M
| $2.96M | ﹤0.01% |
302,572
+98,556
| +48% | +$973K |
2025 Q3
3 quarters
|
|
2361
Vanguard Long-Term Treasury ETF
VGLT
$10.9B
| $2.96M | ﹤0.01% |
53,662
-5,500
| -9% | -$302K |
2025 Q2
4 quarters
|
|
2362
Invesco S&P MidCap Momentum ETF
XMMO
$6.61B
| $2.96M | ﹤0.01% |
17,387
+1,554
| +10% | +$253K |
2024 Q2
8 quarters
|
|
2363
First Advantage
FA
$3.71B
| $2.95M | ﹤0.01% |
163,588
+112,743
| +222% | +$1.63M |
2025 Q3
3 quarters
|
|
2364
Ibotta
IBTA
$980M
| $2.95M | ﹤0.01% |
86,237
+38,230
| +80% | +$1.28M |
2026 Q1
1 quarter
|
|
2365
Invesco S&P SmallCap 600 Pure Growth ETF
RZG
$119M
| $2.94M | ﹤0.01% |
40,501
-876
| -2% | -$56.5K |
2024 Q1
9 quarters
|
|
2366
Regional Management Corp
RM
$333M
| $2.94M | ﹤0.01% |
71,379
+7,780
| +12% | +$285K |
2025 Q1
5 quarters
|
|
2367
Blackstone Mortgage Trust
BXMT
$1.83B
| $2.94M | ﹤0.01% |
173,348
-50,154
| -22% | -$937K |
2018 Q2
32 quarters
|
|
2368
StepStone Group
STEP
$3.56B
| $2.93M | ﹤0.01% |
70,926
-82,902
| -54% | -$4.1M |
2024 Q2
8 quarters
|
|
2369
Alerian MLP ETF
AMLP
$13B
| $2.93M | ﹤0.01% |
56,554
+49,369
| +687% | +$2.59M |
2025 Q4
2 quarters
|
|
2370
Unity Bancorp
UNTY
$577M
| $2.92M | ﹤0.01% |
49,750
+32,124
| +182% | +$1.75M |
2024 Q4
6 quarters
|
|
2371
Adeia
ADEA
$2.36B
| $2.92M | ﹤0.01% |
88,644
+2,382
| +3% | +$70.3K |
2019 Q2
28 quarters
|
|
2372
Genmab
GMAB
$35.1B
| $2.91M | ﹤0.01% |
106,104
+22,825
| +27% | +$607K |
2025 Q2
4 quarters
|
|
2373
RBB Bancorp
RBB
$432M
| $2.91M | ﹤0.01% |
106,302
+29,273
| +38% | +$702K |
2024 Q2
8 quarters
|
|
2374
Ennis
EBF
$541M
| $2.91M | ﹤0.01% |
137,102
-14,871
| -10% | -$309K |
2015 Q2
44 quarters
|
|
2375
Zymeworks
ZYME
$2.06B
| $2.91M | ﹤0.01% |
111,282
+20,613
| +23% | +$524K |
2023 Q2
12 quarters
|
|
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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.