Cliff Asness's BBD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.25 M shares of Banco Bradesco S.A. (BBD) worth $7.61 M, representing 0.00% 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 BBD, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2014, adding 9.56 M shares. Largest reduction occurred in Q2 2018, reducing 21.2 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Banco Bradesco (BBD) Holding Value Over Time
Track share changes against reported price movement
Quarterly Banco Bradesco (BBD) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +2.63 M | Add 0.00% | 2.63 M | $6.19 |
| Q2 2013 | +7.06 M | Add 0.00% | 7.06 M | $5.10 |
| Q3 2013 | +79,516 | Add 1.13% | 7.14 M | $5.44 |
| Q4 2013 | -1.04 M | Reduce 14.51% | 6.1 M | $4.91 |
| Q1 2014 | -3.48 M | Reduce 57.02% | 2.62 M | $5.36 |
| Q2 2014 | +5.35 M | Add 204.01% | 7.97 M | $5.69 |
| Q3 2014 | +1.7 M | Add 21.29% | 9.67 M | $5.59 |
| Q4 2014 | +9.56 M | Add 98.91% | 19.23 M | $5.24 |
| Q1 2015 | +5.2 M | Add 27.05% | 24.43 M | $4.37 |
| Q2 2015 | +1.48 M | Add 6.06% | 25.91 M | $4.31 |
| Q3 2015 | -4.27 M | Reduce 16.47% | 21.65 M | $2.52 |
| Q4 2015 | +927,200 | Add 4.28% | 22.57 M | $2.26 |
| Q1 2016 | +1.89 M | Add 8.38% | 24.46 M | $3.50 |
| Q2 2016 | -333,265 | Reduce 1.36% | 24.13 M | $4.04 |
| Q3 2016 | +5.79 M | Add 24.00% | 29.92 M | $4.69 |
| Q4 2016 | +7.98 M | Add 26.68% | 37.91 M | $4.51 |
| Q1 2017 | -8.12 M | Reduce 21.43% | 29.78 M | $5.30 |
| Q2 2017 | -4.1 M | Reduce 13.78% | 25.68 M | $4.84 |
| Q3 2017 | +585,144 | Add 2.28% | 26.27 M | $6.30 |
| Q4 2017 | -3.31 M | Reduce 12.62% | 22.95 M | $5.83 |
| Q1 2018 | +2.4 M | Add 10.46% | 25.35 M | $6.76 |
| Q2 2018 | -21.2 M | Reduce 83.62% | 4.15 M | $4.30 |
| Q3 2018 | -2.17 M | Reduce 52.28% | 1.98 M | $4.43 |
| Q4 2018 | +736,123 | Add 37.15% | 2.72 M | $6.19 |
| Q1 2019 | +2.23 M | Add 81.99% | 4.95 M | $6.83 |
| Q2 2019 | -1.26 M | Reduce 25.40% | 3.69 M | $7.38 |
| Q3 2019 | -1.79 M | Reduce 48.55% | 1.9 M | $6.12 |
| Q4 2019 | -543,614 | Reduce 28.64% | 1.35 M | $6.72 |
| Q1 2020 | -910,247 | Reduce 67.20% | 444,286 | $3.05 |
| Q2 2020 | +62,470 | Add 14.06% | 506,756 | $3.15 |
| Q3 2020 | +93,186 | Add 18.39% | 599,942 | $2.84 |
| Q4 2020 | -71,919 | Reduce 11.99% | 528,023 | $4.35 |
| Q2 2021 | -22,888 | Reduce 4.33% | 505,135 | $4.66 |
| Q3 2021 | +425,028 | Add 84.14% | 930,163 | $3.48 |
| Q4 2021 | -363,873 | Reduce 39.12% | 566,290 | $3.11 |
| Q1 2022 | -36,242 | Reduce 6.40% | 530,048 | $4.22 |
| Q2 2022 | -49,288 | Reduce 9.30% | 480,760 | $3.26 |
| Q3 2022 | -7,691 | Reduce 1.60% | 473,069 | $3.68 |
| Q4 2022 | +1.41 M | Add 297.63% | 1.88 M | $2.88 |
| Q1 2023 | +1.07 M | Add 56.99% | 2.95 M | $2.62 |
| Q2 2023 | -792,822 | Reduce 26.85% | 2.16 M | $3.46 |
| Q3 2023 | +769,579 | Add 35.62% | 2.93 M | $2.85 |
| Q4 2023 | -301,228 | Reduce 10.28% | 2.63 M | $3.50 |
| Q1 2024 | -308,881 | Reduce 11.75% | 2.32 M | $2.86 |
| Q2 2024 | -609,258 | Reduce 26.26% | 1.71 M | $2.24 |
| Q3 2024 | -324,249 | Reduce 18.96% | 1.39 M | $2.66 |
| Q4 2024 | +1.48 M | Add 107.04% | 2.87 M | $1.91 |
| Q1 2025 | +2.18 M | Add 75.92% | 5.05 M | $2.23 |
| Q2 2025 | +790,251 | Add 15.65% | 5.84 M | $3.09 |
| Q3 2025 | -3.59 M | Reduce 61.45% | 2.25 M | $3.38 |
Cliff Asness's Banco Bradesco Investment FAQs
Cliff Asness first purchased Banco Bradesco S.A. (BBD) in Q4 2012, acquiring 2,632,937 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 Banco Bradesco S.A. (BBD) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to Banco Bradesco S.A. (BBD) was in Q4 2014, adding 19,230,518 shares worth $100.79 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,250,928 shares of Banco Bradesco S.A. (BBD), valued at approximately $7.61 M.
As of the Q3 2025 filing, Banco Bradesco S.A. (BBD) 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 Banco Bradesco S.A. (BBD) was 37,906,055 shares, as reported at the end of Q4 2016.