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 | |
|---|---|---|---|---|---|---|
|
ADAM
2451
Adamas Trust
ADAM
$893M
| $2.59M | ﹤0.01% |
275,924
+50,611
| +22% | +$435K |
|
2452
Arcus Biosciences
RCUS
$3.86B
| $2.59M | ﹤0.01% |
83,861
-2,433
| -3% | -$60.1K |
|
2453
Valaris
VAL
$6.09B
| $2.58M | ﹤0.01% |
35,605
-43,225
| -55% | -$4.02M |
|
2454
Gorman-Rupp
GRC
$2.06B
| $2.58M | ﹤0.01% |
28,155
-7,076
| -20% | -$538K |
|
|
NUVL
2455
DELISTED
Nuvalent
NUVL
| $2.58M | ﹤0.01% |
20,880
-5,951
| -22% | -$640K |
|
2456
TriMas Corp
TRS
$1.41B
| $2.58M | ﹤0.01% |
57,244
+22,847
| +66% | +$909K |
|
2457
U-Haul Holding Co Series N
UHAL.B
$12.3B
| $2.57M | ﹤0.01% |
44,607
+753
| +2% | +$37.5K |
|
2458
Gossamer Bio
GOSS
$75.6M
| $2.57M | ﹤0.01% |
15,629,993
+5,503,096
| +54% | +$1.54M |
|
|
VPU
2459
Vanguard Utilities ETF
VPU
$8.27B
| $2.57M | ﹤0.01% |
+13,138
| New | +$2.58M |
|
2460
LifeMD
LFMD
$160M
| $2.56M | ﹤0.01% |
619,506
+421,184
| +212% | +$1.86M |
|
2461
Clover Health Investments
CLOV
$2.2B
| $2.56M | ﹤0.01% |
488,182
+382,993
| +364% | +$1.3M |
|
2462
BancFirst
BANF
$3.79B
| $2.55M | ﹤0.01% |
22,938
+9,190
| +67% | +$1.03M |
|
|
CSW
2463
CSW Industrials
CSW
$5.38B
| $2.55M | ﹤0.01% |
9,151
+2,374
| +35% | +$659K |
|
2464
Installed Building Products
IBP
$6.56B
| $2.55M | ﹤0.01% |
11,079
+233
| +2% | +$56.6K |
|
2465
BlackLine
BL
$1.85B
| $2.54M | ﹤0.01% |
90,600
+22,074
| +32% | +$660K |
|
2466
PJT Partners
PJT
$4.47B
| $2.54M | ﹤0.01% |
16,816
-3,403
| -17% | -$524K |
|
2467
Valvoline
VVV
$4.33B
| $2.54M | ﹤0.01% |
64,792
+32,224
| +99% | +$1.12M |
|
2468
IDEAYA Biosciences
IDYA
$3.83B
| $2.53M | ﹤0.01% |
67,976
+25,813
| +61% | +$790K |
|
2469
Array Technologies
ARRY
$722M
| $2.52M | ﹤0.01% |
340,466
+70,314
| +26% | +$560K |
|
2470
Camtek
CAMT
$6.85B
| $2.52M | ﹤0.01% |
15,940
+9,037
| +131% | +$1.6M |
|
2471
Republic Bancorp
RBCAA
$1.85B
| $2.51M | ﹤0.01% |
27,808
+5,778
| +26% | +$458K |
|
|
BRSP
2472
BrightSpire Capital
BRSP
$621M
| $2.51M | ﹤0.01% |
460,473
-13,989
| -3% | -$80.2K |
|
2473
Medifast
MED
$134M
| $2.51M | ﹤0.01% |
236,434
+90,859
| +62% | +$1.05M |
|
2474
Arcosa
ACA
$7.12B
| $2.5M | ﹤0.01% |
17,235
+1,595
| +10% | +$198K |
|
2475
Five Star Bancorp
FSBC
$1.11B
| $2.5M | ﹤0.01% |
51,305
+9,057
| +21% | +$382K |
|
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.