Cliff Asness's AFL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.3M shares of Aflac Incorporated (AFL) worth $141.2 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in AFL, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2016, adding 3.6M shares. Largest reduction occurred in Q3 2019, reducing 3.4M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Aflac Incorporated (AFL) Holding Value Over Time
Track share changes against reported price movement
Quarterly Aflac Incorporated (AFL) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +384,236 | Add 0.00% | 384,234 | $26.56 |
| Q2 2013 | +23,408 | Add 0.00% | 23,406 | $29.05 |
| Q3 2013 | +8,658 | Add 36.99% | 32,064 | $31.00 |
| Q4 2013 | +161,282 | Add 503.00% | 193,346 | $33.40 |
| Q1 2014 | -6,572 | Reduce 3.40% | 186,774 | $31.52 |
| Q2 2014 | -43,400 | Reduce 23.24% | 143,374 | $31.13 |
| Q3 2014 | -46,400 | Reduce 32.36% | 96,974 | $29.12 |
| Q4 2014 | +393,974 | Add 406.27% | 490,948 | $30.54 |
| Q1 2015 | -69,800 | Reduce 14.22% | 421,148 | $32.01 |
| Q2 2015 | +1.69 M | Add 401.08% | 2.11 M | $31.10 |
| Q3 2015 | +1.3 M | Add 61.58% | 3.41 M | $29.07 |
| Q4 2015 | +658,278 | Add 19.31% | 4.07 M | $29.95 |
| Q1 2016 | -1.39 M | Reduce 34.29% | 2.67 M | $31.57 |
| Q2 2016 | +211,664 | Add 7.92% | 2.88 M | $36.08 |
| Q3 2016 | +1.91 M | Add 66.36% | 4.8 M | $35.93 |
| Q4 2016 | +3.64 M | Add 75.75% | 8.43 M | $34.80 |
| Q1 2017 | +346,472 | Add 4.11% | 8.78 M | $36.21 |
| Q2 2017 | +2.42 M | Add 27.53% | 11.2 M | $38.84 |
| Q3 2017 | +392,778 | Add 3.51% | 11.59 M | $40.90 |
| Q4 2017 | +1.29 M | Add 11.16% | 12.89 M | $43.89 |
| Q1 2018 | +1.77 M | Add 13.70% | 14.65 M | $43.77 |
| Q2 2018 | -1.02 M | Reduce 6.98% | 13.63 M | $43.28 |
| Q3 2018 | -1.99 M | Reduce 14.57% | 11.64 M | $47.07 |
| Q4 2018 | -347,059 | Reduce 2.98% | 11.3 M | $45.56 |
| Q1 2019 | -2.56 M | Reduce 22.69% | 8.73 M | $49.80 |
| Q2 2019 | +144,836 | Add 1.66% | 8.88 M | $54.81 |
| Q3 2019 | -3.4 M | Reduce 38.32% | 5.48 M | $52.32 |
| Q4 2019 | -1.64 M | Reduce 29.98% | 3.83 M | $52.90 |
| Q1 2020 | -2.88 M | Reduce 75.22% | 950,240 | $34.24 |
| Q2 2020 | -766,165 | Reduce 80.63% | 184,075 | $35.46 |
| Q3 2020 | -121,638 | Reduce 66.08% | 62,437 | $36.29 |
| Q4 2020 | +168,999 | Add 270.67% | 231,436 | $43.96 |
| Q1 2021 | +361,903 | Add 156.37% | 593,339 | $51.18 |
| Q2 2021 | -335,157 | Reduce 56.49% | 258,182 | $53.50 |
| Q3 2021 | -35,731 | Reduce 13.84% | 222,451 | $52.13 |
| Q4 2021 | -9,814 | Reduce 4.41% | 212,637 | $58.39 |
| Q1 2022 | -97,234 | Reduce 45.73% | 115,403 | $64.38 |
| Q2 2022 | +60,854 | Add 52.73% | 176,257 | $54.68 |
| Q3 2022 | +165,083 | Add 93.66% | 341,340 | $56.20 |
| Q4 2022 | +209,510 | Add 61.38% | 550,850 | $71.82 |
| Q1 2023 | -82,170 | Reduce 14.92% | 468,680 | $64.20 |
| Q2 2023 | -181,576 | Reduce 38.74% | 287,104 | $69.59 |
| Q3 2023 | -96,626 | Reduce 33.66% | 190,478 | $76.75 |
| Q4 2023 | +120,672 | Add 63.35% | 311,150 | $82.36 |
| Q1 2024 | +157,898 | Add 50.75% | 469,048 | $85.86 |
| Q2 2024 | -241,737 | Reduce 51.54% | 227,311 | $89.31 |
| Q3 2024 | -80,869 | Reduce 35.58% | 146,442 | $110.53 |
| Q4 2024 | -59,813 | Reduce 40.84% | 86,629 | $103.44 |
| Q1 2025 | -1,544 | Reduce 1.78% | 85,085 | $111.19 |
| Q2 2025 | +13,329 | Add 15.67% | 98,414 | $104.99 |
| Q3 2025 | +1.17 M | Add 1184.46% | 1.26 M | $111.70 |
Cliff Asness's Aflac Incorporated Investment FAQs
Cliff Asness first purchased Aflac Incorporated (AFL) in Q4 2012, acquiring 384,234 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 Aflac Incorporated (AFL) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Aflac Incorporated (AFL) was in Q4 2016, adding 8,434,596 shares worth $293.52 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,264,090 shares of Aflac Incorporated (AFL), valued at approximately $141.2 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Aflac Incorporated (AFL) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Aflac Incorporated (AFL) was 14,650,378 shares, as reported at the end of Q1 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.