Cliff Asness's APD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 23,236 shares of Air Products and Chemicals, Inc. (APD) worth $5.74 M, representing 0.00% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in APD, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2018, adding 127,758 shares. Largest reduction occurred in Q1 2019, reducing 115,304 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Air Products and Chemicals (APD) Holding Value Over Time
Track share changes against reported price movement
Quarterly Air Products and Chemicals (APD) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -3,137 | Reduce 11.89% | 23,236 | $247.02 |
| Q3 2025 | +7,519 | Add 39.88% | 26,373 | $270.18 |
| Q2 2025 | +1,021 | Add 5.73% | 18,854 | $279.69 |
| Q1 2025 | +6,589 | Add 58.60% | 17,833 | $291.58 |
| Q4 2024 | +3,649 | Add 48.04% | 11,244 | $290.04 |
| Q3 2024 | +831 | Add 12.29% | 7,595 | $297.75 |
| Q2 2024 | -19,547 | Reduce 74.29% | 6,764 | $258.04 |
| Q1 2024 | -34,410 | Reduce 56.67% | 26,311 | $241.74 |
| Q4 2023 | -11,006 | Reduce 15.34% | 60,721 | $273.68 |
| Q3 2023 | -32,156 | Reduce 30.95% | 71,727 | $283.40 |
| Q2 2023 | -35,738 | Reduce 25.60% | 103,883 | $296.23 |
| Q1 2023 | -18,049 | Reduce 11.45% | 139,621 | $281.01 |
| Q4 2022 | -8,265 | Reduce 4.98% | 157,670 | $307.11 |
| Q3 2022 | -5,940 | Reduce 3.46% | 165,935 | $232.73 |
| Q2 2022 | -14,472 | Reduce 7.77% | 171,875 | $234.94 |
| Q1 2022 | -24,429 | Reduce 11.59% | 186,347 | $249.70 |
| Q4 2021 | -73,501 | Reduce 25.86% | 210,776 | $303.10 |
| Q3 2021 | +53,967 | Add 23.43% | 284,277 | $256.11 |
| Q2 2021 | -27,758 | Reduce 10.76% | 230,310 | $287.68 |
| Q1 2021 | +24,546 | Add 10.51% | 258,068 | $280.80 |
| Q4 2020 | +22,275 | Add 10.54% | 233,522 | $269.97 |
| Q3 2020 | -7,109 | Reduce 3.26% | 211,247 | $294.18 |
| Q2 2020 | -5,615 | Reduce 2.51% | 218,356 | $237.26 |
| Q1 2020 | -52,250 | Reduce 18.92% | 223,971 | $199.61 |
| Q4 2019 | -51,114 | Reduce 15.62% | 276,221 | $234.05 |
| Q3 2019 | -9,989 | Reduce 2.96% | 327,335 | $221.86 |
| Q2 2019 | +59,226 | Add 21.30% | 337,324 | $226.37 |
| Q1 2019 | -115,304 | Reduce 29.31% | 278,098 | $189.04 |
| Q4 2018 | -63,538 | Reduce 13.91% | 393,402 | $160.05 |
| Q3 2018 | +127,758 | Add 38.81% | 456,940 | $167.05 |
| Q2 2018 | +8,011 | Add 2.49% | 329,182 | $155.73 |
| Q1 2018 | +95,456 | Add 42.29% | 321,171 | $159.03 |
| Q4 2017 | +8,916 | Add 4.11% | 225,715 | $164.08 |
| Q3 2017 | +115,180 | Add 113.34% | 216,799 | $151.22 |
| Q2 2017 | +5,731 | Add 5.98% | 101,619 | $143.06 |
| Q1 2017 | -64,091 | Reduce 40.06% | 95,888 | $135.29 |
| Q4 2016 | +42,677 | Add 36.38% | 159,979 | $143.82 |
| Q3 2016 | +9,626 | Add 8.94% | 117,302 | $150.34 |
| Q2 2016 | +11,695 | Add 12.18% | 107,676 | $142.04 |
| Q1 2016 | -21,833 | Reduce 18.53% | 95,981 | $144.05 |
| Q4 2015 | +15,575 | Add 15.23% | 117,814 | $130.11 |
| Q3 2015 | +32,832 | Add 47.30% | 102,239 | $127.58 |
| Q2 2015 | +46,476 | Add 202.68% | 69,407 | $136.83 |
| Q1 2015 | +9,400 | Add 69.47% | 22,931 | $151.28 |
| Q4 2014 | -9,769 | Reduce 41.93% | 13,531 | $144.26 |
| Q3 2014 | +13,400 | Add 135.35% | 23,300 | $130.17 |
| Q2 2014 | -5,400 | Reduce 35.29% | 9,900 | $128.59 |
| Q1 2014 | -100 | Reduce 0.65% | 15,300 | $119.02 |
| Q4 2013 | +11,200 | Add 266.67% | 15,400 | $111.75 |
| Q3 2013 | -22,800 | Reduce 84.44% | 4,200 | $106.67 |
| Q2 2013 | +27,000 | Add 0.00% | 27,000 | $91.56 |
Cliff Asness's Air Products and Chemicals Investment FAQs
Cliff Asness first purchased Air Products and Chemicals, Inc. (APD) in Q2 2013, acquiring 27,000 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 Air Products and Chemicals, Inc. (APD) for 51 quarters since Q2 2013.
Cliff Asness's largest addition to Air Products and Chemicals, Inc. (APD) was in Q3 2018, adding 456,940 shares worth $76.33 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 23,236 shares of Air Products and Chemicals, Inc. (APD), valued at approximately $5.74 M.
As of the Q4 2025 filing, Air Products and Chemicals, Inc. (APD) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Air Products and Chemicals, Inc. (APD) was 456,940 shares, as reported at the end of Q3 2018.