Cliff Asness's AJG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 146,664 shares of Arthur J. Gallagher & Co. (AJG) worth $45.12 M, representing 0.03% 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 AJG, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2014, adding 166,100 shares. Largest reduction occurred in Q1 2019, reducing 184,454 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Arthur J Gallagher & Co (AJG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Arthur J Gallagher & Co (AJG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +49,634 | Add 0.00% | 49,634 | $34.65 |
| Q2 2013 | +72,000 | Add 0.00% | 72,000 | $43.69 |
| Q3 2013 | -33,300 | Reduce 46.25% | 38,700 | $43.64 |
| Q4 2013 | +33,400 | Add 86.30% | 72,100 | $46.93 |
| Q1 2014 | -26,500 | Reduce 36.75% | 45,600 | $47.59 |
| Q2 2014 | +28,000 | Add 61.40% | 73,600 | $46.60 |
| Q3 2014 | +166,100 | Add 225.68% | 239,700 | $45.36 |
| Q4 2014 | -30,400 | Reduce 12.68% | 209,300 | $47.08 |
| Q1 2015 | -24,600 | Reduce 11.75% | 184,700 | $46.75 |
| Q2 2015 | -1,131 | Reduce 0.61% | 183,569 | $47.30 |
| Q3 2015 | +88,646 | Add 48.29% | 272,215 | $41.28 |
| Q4 2015 | +33,266 | Add 12.22% | 305,481 | $40.94 |
| Q1 2016 | -176,849 | Reduce 57.89% | 128,632 | $44.48 |
| Q2 2016 | -30,133 | Reduce 23.43% | 98,499 | $47.60 |
| Q3 2016 | -75,042 | Reduce 76.19% | 23,457 | $50.86 |
| Q4 2016 | -930 | Reduce 3.96% | 22,527 | $51.98 |
| Q1 2017 | +7 | Add 0.03% | 22,534 | $56.54 |
| Q3 2017 | -5,322 | Reduce 23.62% | 17,212 | $61.53 |
| Q4 2017 | +25,600 | Add 148.73% | 42,812 | $63.28 |
| Q1 2018 | +36,490 | Add 85.23% | 79,302 | $68.72 |
| Q2 2018 | +163,693 | Add 206.42% | 242,995 | $65.28 |
| Q3 2018 | +101,482 | Add 41.76% | 344,477 | $74.44 |
| Q4 2018 | -50,447 | Reduce 14.64% | 294,030 | $73.70 |
| Q1 2019 | -184,454 | Reduce 62.73% | 109,576 | $77.49 |
| Q2 2019 | +88,096 | Add 80.40% | 197,672 | $86.04 |
| Q3 2019 | -67,004 | Reduce 33.90% | 130,668 | $89.27 |
| Q4 2019 | -22,006 | Reduce 16.84% | 108,662 | $95.21 |
| Q1 2020 | +2,402 | Add 2.21% | 111,064 | $81.51 |
| Q2 2020 | -4,405 | Reduce 3.97% | 106,659 | $96.37 |
| Q3 2020 | +80,351 | Add 75.33% | 187,010 | $104.65 |
| Q4 2020 | -81,224 | Reduce 43.43% | 105,786 | $123.71 |
| Q1 2021 | +2,964 | Add 2.80% | 108,750 | $124.76 |
| Q2 2021 | -2,290 | Reduce 2.11% | 106,460 | $140.08 |
| Q3 2021 | +62,241 | Add 58.46% | 168,701 | $148.65 |
| Q4 2021 | -31,819 | Reduce 18.86% | 136,882 | $169.18 |
| Q1 2022 | -7,396 | Reduce 5.40% | 129,486 | $174.60 |
| Q2 2022 | -19,847 | Reduce 15.33% | 109,639 | $161.88 |
| Q3 2022 | -4,986 | Reduce 4.55% | 104,653 | $171.22 |
| Q4 2022 | -1,100 | Reduce 1.05% | 103,553 | $188.54 |
| Q1 2023 | +262 | Add 0.25% | 103,815 | $190.46 |
| Q2 2023 | +174 | Add 0.17% | 103,989 | $217.58 |
| Q3 2023 | +3,561 | Add 3.42% | 107,550 | $227.93 |
| Q4 2023 | +20,457 | Add 19.02% | 128,007 | $223.67 |
| Q1 2024 | -6,065 | Reduce 4.74% | 121,942 | $250.04 |
| Q2 2024 | -8,803 | Reduce 7.22% | 113,139 | $259.31 |
| Q3 2024 | +4,850 | Add 4.29% | 117,989 | $278.99 |
| Q4 2024 | +7,388 | Add 6.26% | 125,377 | $283.85 |
| Q1 2025 | +11,165 | Add 8.91% | 136,542 | $344.28 |
| Q2 2025 | -2,039 | Reduce 1.49% | 134,503 | $317.39 |
| Q3 2025 | +12,161 | Add 9.04% | 146,664 | $307.63 |
Cliff Asness's Arthur J Gallagher & Co Investment FAQs
Cliff Asness first purchased Arthur J. Gallagher & Co. (AJG) in Q4 2012, acquiring 49,634 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 Arthur J. Gallagher & Co. (AJG) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to Arthur J. Gallagher & Co. (AJG) was in Q3 2014, adding 239,700 shares worth $10.87 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 146,664 shares of Arthur J. Gallagher & Co. (AJG), valued at approximately $45.12 M.
As of the Q3 2025 filing, Arthur J. Gallagher & Co. (AJG) represents approximately 0.03% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Arthur J. Gallagher & Co. (AJG) was 344,477 shares, as reported at the end of Q3 2018.