Cliff Asness's CMG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 11.38 M shares of Chipotle Mexican Grill, Inc. (CMG) worth $421.1 M, representing 0.22% 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 CMG, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2018, adding 11.36 M shares. Largest reduction occurred in Q1 2019, reducing 18.6 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Chipotle Mexican Grill (CMG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Chipotle Mexican Grill (CMG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +8.8 M | Add 341.71% | 11.38 M | $37.00 |
| Q3 2025 | +16,340 | Add 0.64% | 2.58 M | $39.19 |
| Q2 2025 | +1.03 M | Add 66.94% | 2.56 M | $55.73 |
| Q1 2025 | +24,269 | Add 1.61% | 1.53 M | $49.16 |
| Q4 2024 | +588,901 | Add 63.98% | 1.51 M | $60.30 |
| Q3 2024 | -1.36 M | Reduce 59.69% | 920,486 | $57.56 |
| Q2 2024 | +673,292 | Add 41.81% | 2.28 M | $62.65 |
| Q1 2024 | +990,900 | Add 159.93% | 1.61 M | $58.14 |
| Q4 2023 | -22,350 | Reduce 3.48% | 619,600 | $45.65 |
| Q3 2023 | -671,750 | Reduce 51.13% | 641,950 | $36.64 |
| Q2 2023 | +775,550 | Add 144.11% | 1.31 M | $42.44 |
| Q1 2023 | +422,850 | Add 366.74% | 538,150 | $33.75 |
| Q4 2022 | -7,700 | Reduce 6.26% | 115,300 | $27.68 |
| Q3 2022 | -10,900 | Reduce 8.14% | 123,000 | $30.06 |
| Q2 2022 | -289,150 | Reduce 68.35% | 133,900 | $25.66 |
| Q1 2022 | +216,250 | Add 104.57% | 423,050 | $31.64 |
| Q4 2021 | +77,100 | Add 59.44% | 206,800 | $34.94 |
| Q3 2021 | -196,600 | Reduce 60.25% | 129,700 | $36.35 |
| Q2 2021 | -433,950 | Reduce 57.08% | 326,300 | $30.77 |
| Q1 2021 | +424,400 | Add 126.37% | 760,250 | $28.42 |
| Q4 2020 | -74,450 | Reduce 18.15% | 335,850 | $27.68 |
| Q3 2020 | +35,700 | Add 9.53% | 410,300 | $24.87 |
| Q2 2020 | -1.9 M | Reduce 83.51% | 374,600 | $20.96 |
| Q1 2020 | -123,550 | Reduce 5.16% | 2.27 M | $13.09 |
| Q4 2019 | +564,650 | Add 30.84% | 2.4 M | $16.74 |
| Q3 2019 | +105,050 | Add 6.09% | 1.83 M | $16.81 |
| Q2 2019 | -1.94 M | Reduce 52.94% | 1.73 M | $14.54 |
| Q1 2019 | -18.6 M | Reduce 83.54% | 3.67 M | $14.05 |
| Q4 2018 | +11.36 M | Add 104.13% | 22.27 M | $8.64 |
| Q3 2018 | +10.48 M | Add 2464.37% | 10.91 M | $9.09 |
| Q2 2018 | +137,200 | Add 47.60% | 425,450 | $8.63 |
| Q1 2018 | -305,850 | Reduce 51.48% | 288,250 | $6.46 |
| Q4 2017 | -101,100 | Reduce 14.54% | 594,100 | $5.78 |
| Q3 2017 | -295,100 | Reduce 29.80% | 695,200 | $6.16 |
| Q2 2017 | +105,700 | Add 11.95% | 990,300 | $8.32 |
| Q1 2017 | +49,950 | Add 5.98% | 884,600 | $8.91 |
| Q4 2016 | -466,900 | Reduce 35.87% | 834,650 | $7.55 |
| Q3 2016 | -39,800 | Reduce 2.97% | 1.3 M | $8.47 |
| Q2 2016 | +89,650 | Add 7.16% | 1.34 M | $8.06 |
| Q1 2016 | -882,150 | Reduce 41.34% | 1.25 M | $9.42 |
| Q4 2015 | +483,050 | Add 29.26% | 2.13 M | $9.60 |
| Q3 2015 | -9,250 | Reduce 0.56% | 1.65 M | $14.41 |
| Q2 2015 | -461,000 | Reduce 21.73% | 1.66 M | $12.10 |
| Q1 2015 | +470,350 | Add 28.49% | 2.12 M | $13.01 |
| Q4 2014 | -1.12 M | Reduce 40.32% | 1.65 M | $13.69 |
| Q3 2014 | -489,000 | Reduce 15.02% | 2.77 M | $13.33 |
| Q2 2014 | +1.52 M | Add 87.61% | 3.26 M | $11.85 |
| Q1 2014 | +730,000 | Add 72.63% | 1.74 M | $11.36 |
| Q4 2013 | +709,650 | Add 240.23% | 1.01 M | $10.66 |
| Q3 2013 | +152,050 | Add 106.07% | 295,400 | $8.57 |
| Q2 2013 | +143,350 | Add 0.00% | 143,350 | $7.29 |
| Q4 2012 | +84,900 | Add 0.00% | 84,900 | $5.95 |
Cliff Asness's Chipotle Mexican Grill Investment FAQs
Cliff Asness first purchased Chipotle Mexican Grill, Inc. (CMG) in Q4 2012, acquiring 84,900 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 Chipotle Mexican Grill, Inc. (CMG) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Chipotle Mexican Grill, Inc. (CMG) was in Q4 2018, adding 22,271,100 shares worth $192.33 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 11,381,051 shares of Chipotle Mexican Grill, Inc. (CMG), valued at approximately $421.1 M.
As of the Q4 2025 filing, Chipotle Mexican Grill, Inc. (CMG) represents approximately 0.22% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Chipotle Mexican Grill, Inc. (CMG) was 22,271,100 shares, as reported at the end of Q4 2018.