Cliff Asness's CMS Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 675,746 shares of CMS Energy Corporation (CMS) worth $49.44 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 CMS, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2016, adding 378,833 shares. Largest reduction occurred in Q3 2017, reducing 636,116 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's CMS Energy Corporation (CMS) Holding Value Over Time
Track share changes against reported price movement
Quarterly CMS Energy Corporation (CMS) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +20,770 | Add 0.00% | 20,769 | $24.36 |
| Q2 2013 | +35,601 | Add 0.00% | 35,600 | $27.16 |
| Q3 2013 | +62,600 | Add 175.84% | 98,200 | $26.32 |
| Q4 2013 | -1,700 | Reduce 1.73% | 96,500 | $26.77 |
| Q1 2014 | -20,500 | Reduce 21.24% | 76,000 | $29.28 |
| Q2 2014 | +30,047 | Add 39.54% | 106,047 | $31.15 |
| Q3 2014 | -22,911 | Reduce 21.60% | 83,136 | $29.66 |
| Q4 2014 | +80,602 | Add 96.95% | 163,738 | $34.75 |
| Q1 2015 | +89,585 | Add 54.71% | 253,323 | $34.91 |
| Q2 2015 | +114,743 | Add 45.30% | 368,066 | $31.84 |
| Q3 2015 | +219,421 | Add 59.61% | 587,487 | $35.32 |
| Q4 2015 | +117,637 | Add 20.02% | 705,124 | $36.08 |
| Q1 2016 | +60,621 | Add 8.60% | 765,745 | $42.44 |
| Q2 2016 | +105,865 | Add 13.83% | 871,610 | $45.86 |
| Q3 2016 | +232,461 | Add 26.67% | 1.1 M | $42.01 |
| Q4 2016 | +378,833 | Add 34.31% | 1.48 M | $41.62 |
| Q1 2017 | -76,841 | Reduce 5.18% | 1.41 M | $44.74 |
| Q2 2017 | +364,994 | Add 25.96% | 1.77 M | $46.25 |
| Q3 2017 | -636,116 | Reduce 35.92% | 1.13 M | $46.32 |
| Q4 2017 | -616,403 | Reduce 54.31% | 518,538 | $47.30 |
| Q1 2018 | -156,995 | Reduce 30.28% | 361,543 | $45.29 |
| Q2 2018 | +258,151 | Add 71.40% | 619,694 | $47.28 |
| Q3 2018 | +44,951 | Add 7.25% | 664,645 | $49.00 |
| Q4 2018 | +82,874 | Add 12.47% | 747,519 | $49.65 |
| Q1 2019 | +33,467 | Add 4.48% | 780,986 | $55.54 |
| Q2 2019 | -177,461 | Reduce 22.72% | 603,525 | $57.91 |
| Q3 2019 | -101,514 | Reduce 16.82% | 502,011 | $63.95 |
| Q4 2019 | -109,788 | Reduce 21.87% | 392,223 | $62.68 |
| Q1 2020 | -18,275 | Reduce 4.66% | 373,948 | $58.75 |
| Q2 2020 | -186,933 | Reduce 49.99% | 187,015 | $57.72 |
| Q3 2020 | -14,906 | Reduce 7.97% | 172,109 | $61.31 |
| Q4 2020 | +19,263 | Add 11.19% | 191,372 | $60.18 |
| Q1 2021 | -85,336 | Reduce 44.59% | 106,036 | $61.00 |
| Q2 2021 | +86,545 | Add 81.62% | 192,581 | $59.02 |
| Q3 2021 | +56,966 | Add 29.58% | 249,547 | $59.73 |
| Q4 2021 | +4,992 | Add 2.00% | 254,539 | $64.94 |
| Q1 2022 | +116,705 | Add 45.85% | 371,244 | $69.94 |
| Q2 2022 | -2,107 | Reduce 0.57% | 369,137 | $66.99 |
| Q3 2022 | -47,213 | Reduce 12.79% | 321,924 | $58.24 |
| Q4 2022 | -151,062 | Reduce 46.92% | 170,862 | $63.33 |
| Q1 2023 | +36,770 | Add 21.52% | 207,632 | $61.38 |
| Q2 2023 | -25,228 | Reduce 12.15% | 182,404 | $58.71 |
| Q3 2023 | -99,493 | Reduce 54.55% | 82,911 | $53.11 |
| Q4 2023 | +48,554 | Add 58.56% | 131,465 | $57.91 |
| Q1 2024 | -4,235 | Reduce 3.22% | 127,230 | $60.01 |
| Q2 2024 | +27,525 | Add 21.63% | 154,755 | $59.48 |
| Q3 2024 | +91,044 | Add 58.83% | 245,799 | $70.44 |
| Q4 2024 | +64,164 | Add 26.10% | 309,963 | $66.65 |
| Q1 2025 | +180,348 | Add 58.18% | 490,311 | $75.04 |
| Q2 2025 | +973 | Add 0.20% | 491,284 | $68.88 |
| Q3 2025 | +184,462 | Add 37.55% | 675,746 | $73.17 |
Cliff Asness's CMS Energy Corporation Investment FAQs
Cliff Asness first purchased CMS Energy Corporation (CMS) in Q4 2012, acquiring 20,769 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 CMS Energy Corporation (CMS) 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 CMS Energy Corporation (CMS) was in Q4 2016, adding 1,482,904 shares worth $61.72 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 675,746 shares of CMS Energy Corporation (CMS), valued at approximately $49.44 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, CMS Energy Corporation (CMS) represents approximately 0.03% 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 CMS Energy Corporation (CMS) was 1,771,057 shares, as reported at the end of Q2 2017. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.