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Cliff Asness
Portfolio: Top Holdings & Stock Picks

Aqr Capital Management LLC

Quantitative (Quant) Investing

Cliff Asness (Aqr Capital Management LLC) disclosed 3562 total holdings in its latest 13F filing dated 12/31/2025, with a portfolio value of $190.63 B and a turnover rate of 7.0%.

Portfolio Value
$190.63 B
Total Holdings
3562
Latest Filing
Q4 2025
February 17, 2026
Turnover Rate
7.03%

Cliff Asness Top Holdings of Q4 2025

Ticker Name Shares Value % of Portfolio Time Held % Change
26.24 M $4.89 B 2.57% >10 Years +17.73%
12.5 M $3.4 B 1.78% >10 Years +15.54%
6.27 M $3.03 B 1.59% >10 Years +0.44%
8.92 M $2.06 B 1.08% >10 Years +27.41%
4.49 M $1.55 B 0.81% 7.5 Years +4.55%
4.55 M $1.43 B 0.75% 10 Years +16.16%
4.5 M $1.41 B 0.74% 10 Years +9.31%
BMY
25.8 M $1.39 B 0.73% >10 Years +172.58%
2.09 M $1.38 B 0.72% >10 Years +20.62%
WMT
12.37 M $1.38 B 0.72% >10 Years +6.09%

Recent Moves

Significant New Position
+1.07 M Shares | +$315.5 M Value
Continues to build a major stake in the Technology sector
Q4 2025
Added to Core Holding
+5.77 M Shares | +$935.51 M Value
Largest position increase in Technology sector
Q4 2025
Reduced Exposure to Position
-2.52 M Shares | -$437.97 M Value
Significant reduction in holdings of Healthcare
Q4 2025
Complete Exit
-842,528 Shares | -$70.72 M Value
Cleared LNW, sector remains in portfolio
Q4 2025

Cliff Asness's Historical Top Holdings Overview

Portfolio Date:

Cliff Asness Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
12/31/2025 Add 291.4% 7.75 M 5.77 M $935.51 M
BMY
12/31/2025 Add 172.6% 25.8 M 16.33 M $881 M
12/31/2025 Add 17.7% 26.24 M 3.95 M $737.12 M
CNC
12/31/2025 Add 117.0% 31.8 M 17.14 M $705.47 M
12/31/2025 Add 15.5% 12.5 M 1.68 M $457.11 M
PCG
12/31/2025 Add 60.7% 74.84 M 28.25 M $454.05 M
EIX
12/31/2025 Add 69.9% 18.29 M 7.52 M $451.42 M
CB
12/31/2025 Add 51.6% 4.24 M 1.44 M $450.49 M
12/31/2025 Add 27.4% 8.92 M 1.92 M $443.02 M
MOH
12/31/2025 Reduce -86.0% 410,403 -2.52 M $437.97 M

Cliff Asness's Portfolio Sector Breakdown

Portfolio Date:

About Cliff Asness

Cliff Asness is a pioneer in quantitative finance and the co-founder of AQR Capital Management, a leading global investment firm. A former student of Nobel Laureate Eugene Fama at the University of Chicago, Asness previously led the quantitative research team at Goldman Sachs. He is widely respected for applying academic rigor to real-world trading, establishing himself as a top hedge fund manager and a vocal advocate for data-driven asset management.

Frequently Asked Questions

As of 12/31/2025, Cliff Asness holds 3553 stocks. Top positions include NVDA, AAPL, MSFT, AMZN, AVGO. For full portfolio details, please visit Cliff Asness’s portfolio.

In Q4 2025, Cliff Asness’s largest purchase by dollar amount was CLS. For complete transaction details, please visit Cliff Asness’s portfolio.

According to the 13F filing for Q4 2025, Cliff Asness increased their stake in TEAM.

Cliff Asness's firm may occasionally request confidential treatment under SEC rule 13F-HR, which allows temporary non-disclosure of certain positions.