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 |
FirstEnergy
FE
|
+$185M |
| 2 |
Tyson Foods
TSN
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$110M |
| 4 |
Entergy
ETR
|
+$101M |
| 5 |
ENDP
Endo International plc
ENDP
|
+$95.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$129M |
| 2 |
Apple
AAPL
|
+$107M |
| 3 |
Abbott
ABT
|
+$99.3M |
| 4 |
AGN
Allergan plc
AGN
|
+$88.8M |
| 5 |
Goldman Sachs
GS
|
+$88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.27% |
| 2 | Financials | 13.34% |
| 3 | Industrials | 12.76% |
| 4 | Consumer Discretionary | 12.72% |
| 5 | Consumer Staples | 11.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $665M | 1.17% |
12,998,455
-131,137
| -1% | -$6.81M |
|
|
2
Apple
AAPL
$4.51T
| $538M | 0.95% |
22,496,496
-4,306,988
| -16% | -$107M |
|
|
3
Procter & Gamble
PG
$336B
| $514M | 0.91% |
6,068,941
+1,334,636
| +28% | +$110M |
|
4
Johnson & Johnson
JNJ
$651B
| $512M | 0.9% |
4,222,991
+796,335
| +23% | +$90.5M |
|
5
PepsiCo
PEP
$196B
| $508M | 0.9% |
4,792,947
+163,265
| +4% | +$16.8M |
|
6
Public Service Enterprise Group
PEG
$36.2B
| $464M | 0.82% |
9,963,025
-142,524
| -1% | -$6.47M |
|
|
7
Tyson Foods
TSN
$20.6B
| $460M | 0.81% |
6,894,555
+2,729,327
| +66% | +$177M |
|
8
UnitedHealth
UNH
$350B
| $422M | 0.75% |
2,990,433
-220,526
| -7% | -$29.4M |
|
9
Walmart Inc
WMT
$825B
| $413M | 0.73% |
16,947,417
+1,049,304
| +7% | +$24.3M |
|
10
American Electric Power
AEP
$65.8B
| $410M | 0.72% |
5,843,015
+562,775
| +11% | +$36.8M |
|
11
PNC Financial Services
PNC
$97B
| $379M | 0.67% |
4,655,527
+132,537
| +3% | +$11.4M |
|
12
Northrop Grumman
NOC
$78.3B
| $367M | 0.65% |
1,652,079
-111,609
| -6% | -$23.5M |
|
13
Alphabet (Google) Class A
GOOGL
$4.22T
| $363M | 0.64% |
10,316,800
-711,500
| -6% | -$26.1M |
|
14
Amazon
AMZN
$2.79T
| $358M | 0.63% |
9,994,240
-811,320
| -8% | -$27.4M |
|
15
Cisco
CSCO
$438B
| $343M | 0.61% |
11,955,650
-867,308
| -7% | -$24.3M |
|
16
TSMC
TSM
$2.17T
| $328M | 0.58% |
12,509,285
-2,600,079
| -17% | -$64.9M |
|
17
Verizon
VZ
$205B
| $328M | 0.58% |
5,873,692
+524,757
| +10% | +$27.2M |
|
|
18
FirstEnergy
FE
$26.6B
| $328M | 0.58% |
9,383,869
+5,447,191
| +138% | +$185M |
|
19
Meta Platforms (Facebook)
META
$1.4T
| $326M | 0.57% |
2,848,750
+340,634
| +14% | +$39.3M |
|
20
Allstate
ALL
$64.2B
| $325M | 0.57% |
4,653,052
-273,651
| -6% | -$18.3M |
|
21
Travelers Companies
TRV
$75.8B
| $310M | 0.55% |
2,603,291
+26,126
| +1% | +$2.96M |
|
22
AT&T
T
$173B
| $287M | 0.51% |
8,809,219
+977,143
| +12% | +$29.1M |
|
23
Elevance Health
ELV
$86.9B
| $287M | 0.51% |
2,188,385
+251,018
| +13% | +$34.3M |
|
24
Home Depot
HD
$335B
| $283M | 0.5% |
2,213,477
-14,983
| -0.7% | -$1.98M |
|
25
Pfizer
PFE
$160B
| $278M | 0.49% |
8,333,180
-190,915
| -2% | -$6.09M |
|
Similar funds
Cliff Asness's Q2 2016 Portfolio in Review
As of Q2 2016, Cliff Asness held 2,362 positions worth $56.7B, up 1.9% from $55.6B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Cliff Asness's Q2 2016 filing shows 158 new, 1,005 increased, 951 reduced and 174 closed positions. Its largest new stake was S&P Global: 466,444 shares worth $50M. The largest sale was Nike, an estimated $129M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Financials and Industrials.
- Cliff Asness's largest Q2 2016 buy was S&P Global: 466,444 shares worth $50M.
- Cliff Asness added most to FirstEnergy in Q2 2016, an estimated $185M increase.
- Cliff Asness's biggest Q2 2016 reduction was Nike, cutting an estimated $129M.
- Cliff Asness fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $59.8M.
- Cliff Asness's ten largest holdings make up 8.7% of its $56.7B portfolio in Q2 2016.
- Cliff Asness opened 158 new positions and closed 174 in Q2 2016.
- Cliff Asness's portfolio value rose 1.9% quarter-over-quarter to $56.7B.
Based on AQR Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.