Cliff Asness's GAP Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 9.51 M shares of The Gap, Inc. (GAP) worth $243.53 M, representing 0.13% 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 GAP, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2018, adding 8.11 M shares. Largest reduction occurred in Q3 2020, reducing 6 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Gap (GAP) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Gap (GAP) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +144,124 | Add 1.54% | 9.51 M | $25.60 |
| Q3 2025 | +2.89 M | Add 44.64% | 9.37 M | $21.39 |
| Q2 2025 | +1.54 M | Add 31.17% | 6.48 M | $21.81 |
| Q1 2025 | +1.92 M | Add 63.78% | 4.94 M | $20.03 |
| Q4 2024 | -165,161 | Reduce 5.19% | 3.02 M | $23.63 |
| Q3 2024 | +1.41 M | Add 80.02% | 3.18 M | $21.52 |
| Q2 2024 | -79,413 | Reduce 4.30% | 1.77 M | $23.83 |
| Q1 2024 | +210,180 | Add 12.85% | 1.85 M | $27.51 |
| Q4 2023 | -2.31 M | Reduce 58.59% | 1.64 M | $20.91 |
| Q3 2023 | -202,658 | Reduce 4.88% | 3.95 M | $10.63 |
| Q2 2023 | +499,346 | Add 13.67% | 4.15 M | $8.85 |
| Q1 2023 | +3.11 M | Add 575.66% | 3.65 M | $9.54 |
| Q4 2022 | +100,143 | Add 22.73% | 540,811 | $11.20 |
| Q3 2022 | -862,803 | Reduce 66.19% | 440,668 | $8.11 |
| Q2 2022 | +674,540 | Add 107.25% | 1.3 M | $8.24 |
| Q1 2022 | +222,949 | Add 54.92% | 628,931 | $14.08 |
| Q4 2021 | -75,844 | Reduce 15.74% | 405,982 | $17.65 |
| Q3 2021 | -586,480 | Reduce 54.90% | 481,826 | $22.70 |
| Q2 2021 | +402,341 | Add 60.41% | 1.07 M | $33.04 |
| Q1 2021 | -294,107 | Reduce 30.63% | 665,965 | $29.78 |
| Q4 2020 | +517,243 | Add 116.80% | 960,072 | $20.19 |
| Q3 2020 | -6 M | Reduce 93.12% | 442,829 | $17.03 |
| Q2 2020 | +4.92 M | Add 322.59% | 6.44 M | $12.28 |
| Q1 2020 | -1.36 M | Reduce 47.25% | 1.52 M | $7.04 |
| Q4 2019 | +107,818 | Add 3.88% | 2.89 M | $17.68 |
| Q3 2019 | +1.06 M | Add 61.54% | 2.78 M | $17.26 |
| Q2 2019 | -2.1 M | Reduce 54.97% | 1.72 M | $17.88 |
| Q1 2019 | -2.34 M | Reduce 37.97% | 3.82 M | $26.18 |
| Q4 2018 | -3.72 M | Reduce 37.64% | 6.16 M | $25.76 |
| Q3 2018 | +8.11 M | Add 456.01% | 9.88 M | $28.85 |
| Q2 2018 | -770,061 | Reduce 30.23% | 1.78 M | $33.20 |
| Q1 2018 | +1.69 M | Add 195.84% | 2.55 M | $31.50 |
| Q4 2017 | +71,552 | Add 9.06% | 861,150 | $34.06 |
| Q3 2017 | +81,239 | Add 11.47% | 789,598 | $29.53 |
| Q2 2017 | +178,629 | Add 33.72% | 708,359 | $21.99 |
| Q1 2017 | -160,551 | Reduce 23.26% | 529,730 | $24.29 |
| Q4 2016 | +207,282 | Add 42.92% | 690,281 | $22.44 |
| Q3 2016 | -256,094 | Reduce 34.65% | 482,999 | $22.24 |
| Q2 2016 | -105,507 | Reduce 12.49% | 739,093 | $21.22 |
| Q1 2016 | -1.22 M | Reduce 59.06% | 844,600 | $29.40 |
| Q4 2015 | -514,919 | Reduce 19.98% | 2.06 M | $24.70 |
| Q3 2015 | -929,024 | Reduce 26.49% | 2.58 M | $28.50 |
| Q2 2015 | +443,437 | Add 14.48% | 3.51 M | $38.17 |
| Q1 2015 | +1.4 M | Add 84.60% | 3.06 M | $43.33 |
| Q4 2014 | -708,791 | Reduce 29.93% | 1.66 M | $42.11 |
| Q3 2014 | -77,974 | Reduce 3.19% | 2.37 M | $41.69 |
| Q2 2014 | -91,865 | Reduce 3.62% | 2.45 M | $41.57 |
| Q1 2014 | +223,600 | Add 9.66% | 2.54 M | $40.06 |
| Q4 2013 | -155,233 | Reduce 6.29% | 2.31 M | $39.08 |
| Q3 2013 | -99,737 | Reduce 3.88% | 2.47 M | $40.28 |
| Q2 2013 | +2.57 M | Add 0.00% | 2.57 M | $41.73 |
| Q4 2012 | +2.98 M | Add 0.00% | 2.98 M | $31.04 |
Cliff Asness's The Gap Investment FAQs
Cliff Asness first purchased The Gap, Inc. (GAP) in Q4 2012, acquiring 2,977,224 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 The Gap, Inc. (GAP) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to The Gap, Inc. (GAP) was in Q3 2018, adding 9,883,253 shares worth $285.13 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 9,512,802 shares of The Gap, Inc. (GAP), valued at approximately $243.53 M.
As of the Q4 2025 filing, The Gap, Inc. (GAP) represents approximately 0.13% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The Gap, Inc. (GAP) was 9,883,253 shares, as reported at the end of Q3 2018.