Cliff Asness's CAG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 7.46 M shares of Conagra Brands, Inc. (CAG) worth $135.32 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 CAG, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 5.1 M shares. Largest reduction occurred in Q4 2017, reducing 2.06 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Conagra Brands (CAG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Conagra Brands (CAG) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +2.74 M | Add 0.00% | 2.74 M | $29.50 |
| Q2 2013 | +1.5 M | Add 0.00% | 1.5 M | $34.93 |
| Q3 2013 | -816,121 | Reduce 54.37% | 684,841 | $30.34 |
| Q4 2013 | -355,754 | Reduce 51.95% | 329,087 | $33.70 |
| Q1 2014 | -133,900 | Reduce 40.69% | 195,187 | $31.03 |
| Q2 2014 | +14,700 | Add 7.53% | 209,887 | $29.68 |
| Q3 2014 | -63,500 | Reduce 30.25% | 146,387 | $33.04 |
| Q4 2014 | -103,961 | Reduce 71.02% | 42,426 | $36.27 |
| Q1 2015 | +71,874 | Add 169.41% | 114,300 | $36.53 |
| Q2 2015 | +48,789 | Add 42.69% | 163,089 | $43.72 |
| Q3 2015 | +1.25 M | Add 767.82% | 1.42 M | $40.51 |
| Q4 2015 | +1.67 M | Add 117.92% | 3.08 M | $42.16 |
| Q1 2016 | +1.55 M | Add 50.36% | 4.64 M | $44.62 |
| Q2 2016 | +591,986 | Add 12.77% | 5.23 M | $47.81 |
| Q3 2016 | -204,789 | Reduce 3.92% | 5.02 M | $47.11 |
| Q4 2016 | -333,202 | Reduce 6.63% | 4.69 M | $39.55 |
| Q1 2017 | +213,437 | Add 4.55% | 4.9 M | $40.34 |
| Q2 2017 | +752,849 | Add 15.35% | 5.66 M | $35.76 |
| Q3 2017 | -74,254 | Reduce 1.31% | 5.58 M | $34.22 |
| Q4 2017 | -2.06 M | Reduce 36.84% | 3.53 M | $37.67 |
| Q1 2018 | -1.82 M | Reduce 51.55% | 1.71 M | $36.88 |
| Q2 2018 | -353,189 | Reduce 20.67% | 1.36 M | $35.73 |
| Q3 2018 | -1.3 M | Reduce 96.10% | 52,828 | $33.98 |
| Q4 2018 | +1.03 M | Add 1943.12% | 1.08 M | $21.36 |
| Q1 2019 | -1.08 M | Sold Out | 1.08 M | $0.00 |
| Q1 2020 | +63,411 | New Buy | 63,411 | $29.33 |
| Q2 2020 | +163,463 | Add 257.78% | 226,874 | $34.54 |
| Q3 2020 | +27,355 | Add 12.06% | 254,229 | $35.39 |
| Q4 2020 | -32,008 | Reduce 12.59% | 222,221 | $35.98 |
| Q1 2021 | +131,780 | Add 59.30% | 354,001 | $37.60 |
| Q2 2021 | -2,125 | Reduce 0.60% | 351,876 | $36.25 |
| Q3 2021 | -71,108 | Reduce 20.21% | 280,768 | $33.87 |
| Q4 2021 | -99,937 | Reduce 35.59% | 180,831 | $33.87 |
| Q1 2022 | -45,894 | Reduce 25.38% | 134,937 | $33.30 |
| Q2 2022 | -18,468 | Reduce 13.69% | 116,469 | $34.24 |
| Q3 2022 | +298,976 | Add 256.70% | 415,445 | $32.63 |
| Q4 2022 | -124,798 | Reduce 30.04% | 290,647 | $38.70 |
| Q1 2023 | -11,199 | Reduce 3.85% | 279,448 | $37.51 |
| Q2 2023 | +137,228 | Add 49.11% | 416,676 | $33.37 |
| Q3 2023 | +472,647 | Add 113.43% | 889,323 | $27.35 |
| Q4 2023 | +163,159 | Add 18.35% | 1.05 M | $28.57 |
| Q1 2024 | +256,852 | Add 24.40% | 1.31 M | $29.64 |
| Q2 2024 | -251,407 | Reduce 19.20% | 1.06 M | $28.31 |
| Q3 2024 | -329,541 | Reduce 31.15% | 728,386 | $32.44 |
| Q4 2024 | +7,270 | Add 1.00% | 735,656 | $27.68 |
| Q1 2025 | +629,789 | Add 85.61% | 1.37 M | $26.67 |
| Q2 2025 | +993,785 | Add 72.78% | 2.36 M | $20.36 |
| Q3 2025 | +5.1 M | Add 216.19% | 7.46 M | $18.14 |
Cliff Asness's Conagra Brands Investment FAQs
Cliff Asness first purchased Conagra Brands, Inc. (CAG) in Q4 2012, acquiring 2,738,519 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 Conagra Brands, Inc. (CAG) 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 Conagra Brands, Inc. (CAG) was in Q3 2025, adding 7,459,654 shares worth $135.32 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 7,459,654 shares of Conagra Brands, Inc. (CAG), valued at approximately $135.32 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Conagra Brands, Inc. (CAG) 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 Conagra Brands, Inc. (CAG) was 7,459,654 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.