Cliff Asness's GHC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 92,241 shares of Graham Holdings Company (GHC) worth $97.52 M, representing 0.04% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in GHC, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2015, adding 40,429 shares. Largest reduction occurred in Q2 2020, reducing 40,346 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Graham Holdings Company (GHC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Graham Holdings Company (GHC) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +6,158 | Add 7.15% | 92,241 | $1057.26 |
| Q4 2025 | -4,626 | Reduce 5.10% | 86,083 | $1098.60 |
| Q3 2025 | -2,544 | Reduce 2.73% | 90,709 | $1173.46 |
| Q2 2025 | +34,524 | Add 58.79% | 93,253 | $946.17 |
| Q1 2025 | +19,690 | Add 50.44% | 58,729 | $950.99 |
| Q4 2024 | -2,277 | Reduce 5.51% | 39,039 | $862.37 |
| Q3 2024 | +696 | Add 1.71% | 41,316 | $804.54 |
| Q2 2024 | -456 | Reduce 1.11% | 40,620 | $699.55 |
| Q1 2024 | -391 | Reduce 0.94% | 41,076 | $761.78 |
| Q4 2023 | +1,929 | Add 4.88% | 41,467 | $696.05 |
| Q3 2023 | +8,443 | Add 27.15% | 39,538 | $583.00 |
| Q2 2023 | +2,826 | Add 10.00% | 31,095 | $571.48 |
| Q1 2023 | +2,089 | Add 7.98% | 28,269 | $595.84 |
| Q4 2022 | +2,124 | Add 8.83% | 26,180 | $593.58 |
| Q3 2022 | -9,206 | Reduce 27.68% | 24,056 | $537.99 |
| Q2 2022 | +676 | Add 2.07% | 33,262 | $560.88 |
| Q1 2022 | -1,943 | Reduce 5.63% | 32,586 | $611.46 |
| Q4 2021 | -3,825 | Reduce 9.97% | 34,529 | $609.17 |
| Q3 2021 | -14,129 | Reduce 26.92% | 38,354 | $589.17 |
| Q2 2021 | +7,986 | Add 17.95% | 52,483 | $627.08 |
| Q1 2021 | +6,934 | Add 18.46% | 44,497 | $562.44 |
| Q4 2020 | -27,540 | Reduce 42.30% | 37,563 | $524.00 |
| Q3 2020 | -39,939 | Reduce 38.02% | 65,103 | $396.00 |
| Q2 2020 | -40,346 | Reduce 27.75% | 105,042 | $342.67 |
| Q1 2020 | -22,551 | Reduce 13.43% | 145,388 | $339.78 |
| Q4 2019 | -18,021 | Reduce 9.69% | 167,939 | $638.99 |
| Q3 2019 | +26,335 | Add 16.50% | 185,960 | $657.28 |
| Q2 2019 | +25,540 | Add 19.05% | 159,625 | $684.03 |
| Q1 2019 | +31,261 | Add 30.40% | 134,085 | $683.18 |
| Q4 2018 | +7,055 | Add 7.37% | 102,824 | $640.58 |
| Q3 2018 | -209 | Reduce 0.22% | 95,769 | $579.30 |
| Q2 2018 | +12,261 | Add 14.65% | 95,978 | $586.82 |
| Q1 2018 | +10,286 | Add 14.01% | 83,717 | $602.24 |
| Q4 2017 | -17,961 | Reduce 19.65% | 73,431 | $558.35 |
| Q3 2017 | -2,527 | Reduce 2.69% | 91,392 | $585.09 |
| Q2 2017 | +7,855 | Add 9.13% | 93,919 | $599.66 |
| Q1 2017 | -259 | Reduce 0.30% | 86,064 | $599.55 |
| Q4 2016 | -1,178 | Reduce 1.35% | 86,323 | $511.95 |
| Q3 2016 | -12,651 | Reduce 12.63% | 87,501 | $481.38 |
| Q2 2016 | -20,679 | Reduce 17.11% | 100,152 | $489.55 |
| Q1 2016 | -8,122 | Reduce 6.30% | 120,831 | $480.00 |
| Q4 2015 | +13,989 | Add 12.17% | 128,953 | $484.98 |
| Q3 2015 | +40,429 | Add 54.24% | 114,964 | $577.00 |
| Q2 2015 | +20,089 | Add 36.90% | 74,535 | $1075.05 |
| Q1 2015 | +2,722 | Add 5.26% | 54,446 | $1049.63 |
| Q4 2014 | +3,482 | Add 7.22% | 51,724 | $863.70 |
| Q3 2014 | +1,300 | Add 2.77% | 48,242 | $699.60 |
| Q2 2014 | +5,400 | Add 13.00% | 46,942 | $718.12 |
| Q1 2014 | +4,500 | Add 12.15% | 41,542 | $703.75 |
| Q4 2013 | +20,313 | Add 121.42% | 37,042 | $663.33 |
| Q3 2013 | +1,158 | Add 7.44% | 16,729 | $611.33 |
| Q2 2013 | +15,571 | Add 0.00% | 15,571 | $483.78 |
| Q4 2012 | +18,259 | Add 0.00% | 18,259 | $365.19 |
Cliff Asness's Graham Holdings Company Investment FAQs
Cliff Asness first purchased Graham Holdings Company (GHC) in Q4 2012, acquiring 18,259 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 Graham Holdings Company (GHC) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to Graham Holdings Company (GHC) was in Q3 2015, adding 114,964 shares worth $66.33 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 92,241 shares of Graham Holdings Company (GHC), valued at approximately $97.52 M.
As of the Q1 2026 filing, Graham Holdings Company (GHC) represents approximately 0.04% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Graham Holdings Company (GHC) was 185,960 shares, as reported at the end of Q3 2019.