Cliff Asness's AFL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.41 M shares of Aflac Incorporated (AFL) worth $155.38 M, representing 0.08% 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 AFL, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2016, adding 3.64 M shares. Largest reduction occurred in Q3 2019, reducing 3.4 M 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +145,024 | Add 11.47% | 1.41 M | $110.27 |
| Q3 2025 | +1.17 M | Add 1184.46% | 1.26 M | $111.70 |
| Q2 2025 | +13,329 | Add 15.67% | 98,414 | $104.99 |
| Q1 2025 | -1,544 | Reduce 1.78% | 85,085 | $111.19 |
| Q4 2024 | -59,813 | Reduce 40.84% | 86,629 | $103.44 |
| Q3 2024 | -80,869 | Reduce 35.58% | 146,442 | $110.53 |
| Q2 2024 | -241,737 | Reduce 51.54% | 227,311 | $89.31 |
| Q1 2024 | +157,898 | Add 50.75% | 469,048 | $85.86 |
| Q4 2023 | +120,672 | Add 63.35% | 311,150 | $82.36 |
| Q3 2023 | -96,626 | Reduce 33.66% | 190,478 | $76.75 |
| Q2 2023 | -181,576 | Reduce 38.74% | 287,104 | $69.59 |
| Q1 2023 | -82,170 | Reduce 14.92% | 468,680 | $64.20 |
| Q4 2022 | +209,510 | Add 61.38% | 550,850 | $71.82 |
| Q3 2022 | +165,083 | Add 93.66% | 341,340 | $56.20 |
| Q2 2022 | +60,854 | Add 52.73% | 176,257 | $54.68 |
| Q1 2022 | -97,234 | Reduce 45.73% | 115,403 | $64.38 |
| Q4 2021 | -9,814 | Reduce 4.41% | 212,637 | $58.39 |
| Q3 2021 | -35,731 | Reduce 13.84% | 222,451 | $52.13 |
| Q2 2021 | -335,157 | Reduce 56.49% | 258,182 | $53.50 |
| Q1 2021 | +361,903 | Add 156.37% | 593,339 | $51.18 |
| Q4 2020 | +168,999 | Add 270.67% | 231,436 | $43.96 |
| Q3 2020 | -121,638 | Reduce 66.08% | 62,437 | $36.29 |
| Q2 2020 | -766,165 | Reduce 80.63% | 184,075 | $35.46 |
| Q1 2020 | -2.88 M | Reduce 75.22% | 950,240 | $34.24 |
| Q4 2019 | -1.64 M | Reduce 29.98% | 3.83 M | $52.90 |
| Q3 2019 | -3.4 M | Reduce 38.32% | 5.48 M | $52.32 |
| Q2 2019 | +144,836 | Add 1.66% | 8.88 M | $54.81 |
| Q1 2019 | -2.56 M | Reduce 22.69% | 8.73 M | $49.80 |
| Q4 2018 | -347,059 | Reduce 2.98% | 11.3 M | $45.56 |
| Q3 2018 | -1.99 M | Reduce 14.57% | 11.64 M | $47.07 |
| Q2 2018 | -1.02 M | Reduce 6.98% | 13.63 M | $43.28 |
| Q1 2018 | +1.77 M | Add 13.70% | 14.65 M | $43.77 |
| Q4 2017 | +1.29 M | Add 11.16% | 12.89 M | $43.89 |
| Q3 2017 | +392,778 | Add 3.51% | 11.59 M | $40.90 |
| Q2 2017 | +2.42 M | Add 27.53% | 11.2 M | $38.84 |
| Q1 2017 | +346,472 | Add 4.11% | 8.78 M | $36.21 |
| Q4 2016 | +3.64 M | Add 75.75% | 8.43 M | $34.80 |
| Q3 2016 | +1.91 M | Add 66.36% | 4.8 M | $35.93 |
| Q2 2016 | +211,664 | Add 7.92% | 2.88 M | $36.08 |
| Q1 2016 | -1.39 M | Reduce 34.29% | 2.67 M | $31.57 |
| Q4 2015 | +658,278 | Add 19.31% | 4.07 M | $29.95 |
| Q3 2015 | +1.3 M | Add 61.58% | 3.41 M | $29.07 |
| Q2 2015 | +1.69 M | Add 401.08% | 2.11 M | $31.10 |
| Q1 2015 | -69,800 | Reduce 14.22% | 421,148 | $32.01 |
| Q4 2014 | +393,974 | Add 406.27% | 490,948 | $30.54 |
| Q3 2014 | -46,400 | Reduce 32.36% | 96,974 | $29.12 |
| Q2 2014 | -43,400 | Reduce 23.24% | 143,374 | $31.13 |
| Q1 2014 | -6,572 | Reduce 3.40% | 186,774 | $31.52 |
| Q4 2013 | +161,282 | Add 503.00% | 193,346 | $33.40 |
| Q3 2013 | +8,658 | Add 36.99% | 32,064 | $31.00 |
| Q2 2013 | +23,406 | Add 0.00% | 23,406 | $29.05 |
| Q4 2012 | +384,234 | Add 0.00% | 384,234 | $26.56 |
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 53 quarters since Q4 2012.
Cliff Asness's largest addition to Aflac Incorporated (AFL) was in Q4 2016, adding 8,434,596 shares worth $293.52 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,409,114 shares of Aflac Incorporated (AFL), valued at approximately $155.38 M.
As of the Q4 2025 filing, Aflac Incorporated (AFL) represents approximately 0.08% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Aflac Incorporated (AFL) was 14,650,378 shares, as reported at the end of Q1 2018.