Cliff Asness's EXEL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 13.66 M shares of Exelixis, Inc. (EXEL) worth $598.65 M, representing 0.31% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 49 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in EXEL, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2018, adding 7.87 M shares. Largest reduction occurred in Q4 2019, reducing 4.78 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Exelixis (EXEL) Holding Value Over Time
Track share changes against reported price movement
Quarterly Exelixis (EXEL) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +4.48 M | Add 48.76% | 13.66 M | $43.83 |
| Q3 2025 | +1.58 M | Add 20.71% | 9.18 M | $41.30 |
| Q2 2025 | +712,190 | Add 10.33% | 7.61 M | $44.07 |
| Q1 2025 | +2.93 M | Add 73.78% | 6.89 M | $36.39 |
| Q4 2024 | +810,857 | Add 25.69% | 3.97 M | $33.30 |
| Q3 2024 | -125,430 | Reduce 3.82% | 3.16 M | $25.95 |
| Q2 2024 | +370,199 | Add 12.72% | 3.28 M | $22.38 |
| Q1 2024 | +732,674 | Add 33.63% | 2.91 M | $23.73 |
| Q4 2023 | +162,867 | Add 8.08% | 2.18 M | $23.99 |
| Q3 2023 | +114,267 | Add 6.01% | 2.02 M | $21.85 |
| Q2 2023 | -435,829 | Reduce 18.65% | 1.9 M | $19.01 |
| Q1 2023 | -289,203 | Reduce 11.01% | 2.34 M | $18.97 |
| Q4 2022 | +924,500 | Add 54.32% | 2.63 M | $15.67 |
| Q3 2022 | -262,616 | Reduce 13.37% | 1.7 M | $15.68 |
| Q2 2022 | +1.09 M | Add 124.40% | 1.96 M | $20.61 |
| Q1 2022 | +402,127 | Add 84.94% | 875,550 | $22.50 |
| Q4 2021 | +179,734 | Add 61.20% | 473,423 | $18.28 |
| Q3 2021 | +156,822 | Add 114.58% | 293,689 | $21.03 |
| Q2 2021 | -223,911 | Reduce 62.06% | 136,867 | $17.96 |
| Q1 2021 | -899,201 | Reduce 71.37% | 360,778 | $22.54 |
| Q4 2020 | -938,169 | Reduce 42.68% | 1.26 M | $19.80 |
| Q3 2020 | -1.38 M | Reduce 38.64% | 2.2 M | $24.45 |
| Q2 2020 | -1.98 M | Reduce 35.55% | 3.58 M | $23.09 |
| Q1 2020 | -2.05 M | Reduce 26.92% | 5.56 M | $17.22 |
| Q4 2019 | -4.78 M | Reduce 38.58% | 7.61 M | $17.62 |
| Q3 2019 | -1.31 M | Reduce 9.57% | 12.38 M | $17.68 |
| Q2 2019 | -2.16 M | Reduce 13.62% | 13.69 M | $21.37 |
| Q1 2019 | +5.02 M | Add 46.36% | 15.85 M | $23.80 |
| Q4 2018 | +7.87 M | Add 265.98% | 10.83 M | $19.67 |
| Q3 2018 | -1.44 M | Reduce 32.77% | 2.96 M | $17.72 |
| Q2 2018 | -3.07 M | Reduce 41.11% | 4.4 M | $21.52 |
| Q1 2018 | +148,672 | Add 2.03% | 7.47 M | $22.15 |
| Q4 2017 | +1.31 M | Add 21.73% | 7.33 M | $30.40 |
| Q3 2017 | +4.6 M | Add 324.62% | 6.02 M | $24.23 |
| Q2 2017 | +618,343 | Add 77.40% | 1.42 M | $24.63 |
| Q1 2017 | +281,244 | Add 54.33% | 798,904 | $21.67 |
| Q4 2016 | +99,617 | Add 23.83% | 517,660 | $14.91 |
| Q3 2016 | +170,065 | Add 68.58% | 418,043 | $12.79 |
| Q2 2016 | +151,614 | Add 157.33% | 247,978 | $7.81 |
| Q1 2016 | -176,727 | Reduce 64.71% | 96,364 | $4.00 |
| Q4 2015 | +95,824 | Add 54.06% | 273,091 | $5.64 |
| Q3 2015 | +177,267 | New Buy | 177,267 | $5.61 |
| Q2 2014 | -14,682 | Sold Out | 0 | $0.00 |
| Q1 2014 | +14,682 | New Buy | 14,682 | $3.54 |
| Q4 2012 | +177 | Add 0.00% | 177 | $5.65 |
Cliff Asness's Exelixis Investment FAQs
Cliff Asness first purchased Exelixis, Inc. (EXEL) in Q4 2012, acquiring 177 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 Exelixis, Inc. (EXEL) for 49 quarters since Q4 2012.
Cliff Asness's largest addition to Exelixis, Inc. (EXEL) was in Q4 2018, adding 10,831,112 shares worth $213.05 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 13,658,388 shares of Exelixis, Inc. (EXEL), valued at approximately $598.65 M.
As of the Q4 2025 filing, Exelixis, Inc. (EXEL) represents approximately 0.31% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Exelixis, Inc. (EXEL) was 15,852,556 shares, as reported at the end of Q1 2019.