Cliff Asness's AES Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.53 M shares of The AES Corporation (AES) worth $36.22 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in AES, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2016, adding 6.33 M shares. Largest reduction occurred in Q4 2019, reducing 4.11 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The AES Corporation (AES) Holding Value Over Time
Track share changes against reported price movement
Quarterly The AES Corporation (AES) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +946,431 | Add 59.93% | 2.53 M | $14.34 |
| Q3 2025 | +505,462 | Add 47.08% | 1.58 M | $13.16 |
| Q2 2025 | -507,758 | Reduce 32.11% | 1.07 M | $10.08 |
| Q1 2025 | +1.33 M | Add 531.69% | 1.58 M | $12.15 |
| Q4 2024 | -84,907 | Reduce 25.33% | 250,351 | $12.87 |
| Q3 2024 | -260,201 | Reduce 43.70% | 335,258 | $20.03 |
| Q2 2024 | +294,167 | Add 97.64% | 595,459 | $17.57 |
| Q1 2024 | +132,204 | Add 78.19% | 301,292 | $17.49 |
| Q4 2023 | -60,595 | Reduce 26.38% | 169,088 | $19.25 |
| Q3 2023 | +201,249 | Add 707.78% | 229,683 | $15.20 |
| Q2 2023 | -9,776 | Reduce 25.58% | 28,434 | $20.65 |
| Q1 2023 | -6,035 | Reduce 13.64% | 38,210 | $23.86 |
| Q4 2022 | -17,757 | Reduce 28.64% | 44,245 | $28.64 |
| Q3 2022 | -325,994 | Reduce 84.02% | 62,002 | $22.60 |
| Q2 2022 | -267,022 | Reduce 40.77% | 387,996 | $20.19 |
| Q1 2022 | +26,701 | Add 4.25% | 655,018 | $25.73 |
| Q4 2021 | -86,643 | Reduce 12.12% | 628,317 | $24.28 |
| Q3 2021 | +134,497 | Add 23.17% | 714,960 | $22.78 |
| Q2 2021 | +482,313 | Add 491.40% | 580,463 | $26.07 |
| Q1 2021 | -5,701 | Reduce 5.49% | 98,150 | $26.81 |
| Q4 2020 | +25,060 | Add 31.81% | 103,851 | $23.03 |
| Q3 2020 | -45,547 | Reduce 36.63% | 78,791 | $18.06 |
| Q2 2020 | +2,166 | Add 1.77% | 124,338 | $14.14 |
| Q1 2020 | -230,736 | Reduce 65.38% | 122,172 | $13.32 |
| Q4 2019 | -4.11 M | Reduce 92.09% | 352,908 | $19.90 |
| Q3 2019 | -3.59 M | Reduce 44.57% | 4.46 M | $16.34 |
| Q2 2019 | -2.52 M | Reduce 23.86% | 8.05 M | $16.64 |
| Q1 2019 | +4.52 M | Add 74.75% | 10.58 M | $18.08 |
| Q4 2018 | +5.96 M | Add 6335.12% | 6.05 M | $14.46 |
| Q3 2018 | -16,797 | Reduce 15.15% | 94,046 | $14.00 |
| Q2 2018 | +86,543 | Add 356.14% | 110,843 | $13.41 |
| Q1 2018 | -2.45 M | Reduce 99.02% | 24,300 | $11.36 |
| Q4 2017 | -2.47 M | Reduce 50.05% | 2.47 M | $10.83 |
| Q3 2017 | -3.66 M | Reduce 42.56% | 4.94 M | $11.02 |
| Q2 2017 | -2,349 | Reduce 0.03% | 8.61 M | $11.11 |
| Q1 2017 | +1.19 M | Add 16.09% | 8.61 M | $11.18 |
| Q4 2016 | +6.33 M | Add 580.56% | 7.42 M | $11.62 |
| Q3 2016 | +25,594 | Add 2.40% | 1.09 M | $12.85 |
| Q2 2016 | +942,764 | Add 775.59% | 1.06 M | $12.48 |
| Q1 2016 | -23,308 | Reduce 16.09% | 121,554 | $11.80 |
| Q4 2015 | -2,386 | Reduce 1.62% | 144,862 | $9.57 |
| Q3 2015 | -163,973 | Reduce 52.69% | 147,248 | $9.79 |
| Q2 2015 | -138,369 | Reduce 30.78% | 311,221 | $13.26 |
| Q1 2015 | -571,020 | Reduce 55.95% | 449,590 | $12.85 |
| Q4 2014 | +145,222 | Add 16.59% | 1.02 M | $13.77 |
| Q3 2014 | -755,015 | Reduce 46.31% | 875,388 | $14.18 |
| Q2 2014 | -611,400 | Reduce 27.27% | 1.63 M | $15.55 |
| Q1 2014 | +1.37 M | Add 157.12% | 2.24 M | $14.28 |
| Q4 2013 | +472,300 | Add 118.19% | 871,903 | $14.51 |
| Q3 2013 | -210,700 | Reduce 34.52% | 399,603 | $13.29 |
| Q2 2013 | +610,303 | Add 0.00% | 610,303 | $11.99 |
| Q4 2012 | +1.12 M | Add 0.00% | 1.12 M | $10.70 |
Cliff Asness's The AES Corporation Investment FAQs
Cliff Asness first purchased The AES Corporation (AES) in Q4 2012, acquiring 1,121,303 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The AES Corporation (AES) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to The AES Corporation (AES) was in Q4 2016, adding 7,417,467 shares worth $86.19 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,525,583 shares of The AES Corporation (AES), valued at approximately $36.22 M.
As of the Q4 2025 filing, The AES Corporation (AES) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The AES Corporation (AES) was 10,575,916 shares, as reported at the end of Q1 2019.