Cliff Asness's FNF Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5.06 M shares of Fidelity National Financial, Inc. (FNF) worth $304.5 M, representing 0.20% of the portfolio. First purchased in 2014-Q3, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in FNF, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2017, adding 3.4 M shares. Largest reduction occurred in Q4 2018, reducing 1.77 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Fidelity National Financial (FNF) Holding Value Over Time
Track share changes against reported price movement
Quarterly Fidelity National Financial (FNF) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2014 | +153,508 | New Buy | 153,508 | $27.74 |
| Q4 2014 | +19,673 | Add 12.82% | 173,181 | $34.45 |
| Q1 2015 | -1,641 | Reduce 0.95% | 171,540 | $36.76 |
| Q2 2015 | +18,816 | Add 10.97% | 190,356 | $36.99 |
| Q3 2015 | +23,254 | Add 12.22% | 213,610 | $35.47 |
| Q4 2015 | +207,044 | Add 96.93% | 420,654 | $34.67 |
| Q1 2016 | -191,751 | Reduce 45.58% | 228,903 | $33.90 |
| Q2 2016 | -135,632 | Reduce 59.25% | 93,271 | $37.50 |
| Q3 2016 | -2,407 | Reduce 2.58% | 90,864 | $36.91 |
| Q4 2016 | +20,895 | Add 23.00% | 111,759 | $33.96 |
| Q1 2017 | +4,361 | Add 3.90% | 116,120 | $38.94 |
| Q2 2017 | +202,441 | Add 174.34% | 318,561 | $44.83 |
| Q3 2017 | +991,875 | Add 311.36% | 1.31 M | $47.46 |
| Q4 2017 | +3.4 M | Add 259.10% | 4.71 M | $39.24 |
| Q1 2018 | +2.11 M | Add 44.89% | 6.82 M | $40.08 |
| Q2 2018 | -93,434 | Reduce 1.37% | 6.72 M | $37.62 |
| Q3 2018 | -597,994 | Reduce 8.89% | 6.13 M | $39.35 |
| Q4 2018 | -1.77 M | Reduce 28.81% | 4.36 M | $31.44 |
| Q1 2019 | -1.6 M | Reduce 36.61% | 2.77 M | $36.55 |
| Q2 2019 | -775,755 | Reduce 28.06% | 1.99 M | $40.30 |
| Q3 2019 | -522,558 | Reduce 26.27% | 1.47 M | $44.41 |
| Q4 2019 | +620,394 | Add 42.30% | 2.09 M | $45.12 |
| Q1 2020 | +1.74 M | Add 83.22% | 3.82 M | $24.88 |
| Q2 2020 | -1.35 M | Reduce 35.36% | 2.47 M | $30.51 |
| Q3 2020 | -538,146 | Reduce 21.77% | 1.93 M | $31.31 |
| Q4 2020 | -399,762 | Reduce 20.68% | 1.53 M | $39.09 |
| Q1 2021 | +607,012 | Add 39.58% | 2.14 M | $40.66 |
| Q2 2021 | -46,949 | Reduce 2.19% | 2.09 M | $43.46 |
| Q3 2021 | -960,516 | Reduce 45.87% | 1.13 M | $45.34 |
| Q4 2021 | -109,321 | Reduce 9.65% | 1.02 M | $52.18 |
| Q1 2022 | -176,521 | Reduce 17.24% | 847,495 | $48.84 |
| Q2 2022 | +730,861 | Add 86.24% | 1.58 M | $36.45 |
| Q3 2022 | -478,002 | Reduce 30.28% | 1.1 M | $36.20 |
| Q4 2022 | -79,499 | Reduce 7.22% | 1.02 M | $37.62 |
| Q1 2023 | -118,580 | Reduce 11.62% | 902,275 | $34.53 |
| Q2 2023 | -124,706 | Reduce 13.82% | 777,569 | $36.00 |
| Q3 2023 | -376,591 | Reduce 48.43% | 400,978 | $41.30 |
| Q4 2023 | -245,550 | Reduce 61.24% | 155,428 | $51.02 |
| Q1 2024 | -13,954 | Reduce 8.98% | 141,474 | $52.57 |
| Q2 2024 | +105,444 | Add 74.53% | 246,918 | $49.42 |
| Q3 2024 | +248,244 | Add 100.54% | 495,162 | $60.75 |
| Q4 2024 | +672,323 | Add 135.78% | 1.17 M | $56.14 |
| Q1 2025 | +824,562 | Add 70.63% | 1.99 M | $64.89 |
| Q2 2025 | +891,088 | Add 44.73% | 2.88 M | $56.06 |
| Q3 2025 | +2.17 M | Add 75.41% | 5.06 M | $60.21 |
Cliff Asness's Fidelity National Financial Investment FAQs
Cliff Asness first purchased Fidelity National Financial, Inc. (FNF) in Q3 2014, acquiring 153,508 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 Fidelity National Financial, Inc. (FNF) for 45 quarters since Q3 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Fidelity National Financial, Inc. (FNF) was in Q4 2017, adding 4,705,816 shares worth $184.66 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 5,057,355 shares of Fidelity National Financial, Inc. (FNF), valued at approximately $304.5 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Fidelity National Financial, Inc. (FNF) represents approximately 0.20% 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 Fidelity National Financial, Inc. (FNF) was 6,818,366 shares, as reported at the end of Q1 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.