Cliff Asness's IBM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 856,777 shares of International Business Machines Corporation (IBM) worth $253.79 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 IBM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2017, adding 992,172 shares. Largest reduction occurred in Q1 2020, reducing 1.31 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's International Business Machines Corporation (IBM) Holding Value Over Time
Track share changes against reported price movement
Quarterly International Business Machines Corporation (IBM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -242,570 | Reduce 22.06% | 856,777 | $296.21 |
| Q3 2025 | +150,758 | Add 15.89% | 1.1 M | $282.16 |
| Q2 2025 | +120,074 | Add 14.49% | 948,589 | $292.55 |
| Q1 2025 | -65,436 | Reduce 7.32% | 828,515 | $246.45 |
| Q4 2024 | -214,139 | Reduce 19.33% | 893,951 | $219.83 |
| Q3 2024 | -114,540 | Reduce 9.37% | 1.11 M | $220.64 |
| Q2 2024 | +2,624 | Add 0.22% | 1.22 M | $171.37 |
| Q1 2024 | +122,286 | Add 11.14% | 1.22 M | $190.96 |
| Q4 2023 | +373,953 | Add 51.67% | 1.1 M | $163.55 |
| Q3 2023 | +190,960 | Add 35.84% | 723,767 | $140.30 |
| Q2 2023 | -54,082 | Reduce 9.22% | 532,807 | $133.81 |
| Q1 2023 | -222,043 | Reduce 27.45% | 586,889 | $129.80 |
| Q4 2022 | +186,223 | Add 29.91% | 808,932 | $140.43 |
| Q3 2022 | +259,353 | Add 71.38% | 622,709 | $118.81 |
| Q2 2022 | -416,355 | Reduce 53.40% | 363,356 | $139.65 |
| Q1 2022 | -195,799 | Reduce 20.07% | 779,711 | $130.02 |
| Q4 2021 | -97,649 | Reduce 9.10% | 975,510 | $133.66 |
| Q3 2021 | -199,399 | Reduce 15.67% | 1.07 M | $138.93 |
| Q2 2021 | -351,903 | Reduce 21.66% | 1.27 M | $145.48 |
| Q1 2021 | +129,946 | Add 8.69% | 1.62 M | $133.08 |
| Q4 2020 | -136,914 | Reduce 8.39% | 1.49 M | $124.15 |
| Q3 2020 | -151,248 | Reduce 8.48% | 1.63 M | $121.67 |
| Q2 2020 | +177,000 | Add 11.02% | 1.78 M | $119.45 |
| Q1 2020 | -1.31 M | Reduce 44.97% | 1.61 M | $110.93 |
| Q4 2019 | -101,533 | Reduce 3.36% | 2.92 M | $133.56 |
| Q3 2019 | -364,221 | Reduce 10.76% | 3.02 M | $144.35 |
| Q2 2019 | -215,404 | Reduce 5.99% | 3.38 M | $137.90 |
| Q1 2019 | -211,779 | Reduce 5.56% | 3.6 M | $140.40 |
| Q4 2018 | -577,927 | Reduce 13.17% | 3.81 M | $113.67 |
| Q3 2018 | -170,764 | Reduce 3.75% | 4.39 M | $151.21 |
| Q2 2018 | +236,797 | Add 5.48% | 4.56 M | $140.69 |
| Q1 2018 | +202,252 | Add 4.91% | 4.32 M | $153.43 |
| Q4 2017 | +815,150 | Add 24.66% | 4.12 M | $153.42 |
| Q3 2017 | +992,172 | Add 42.89% | 3.31 M | $145.35 |
| Q2 2017 | +781,872 | Add 51.06% | 2.31 M | $153.83 |
| Q1 2017 | +370,700 | Add 31.94% | 1.53 M | $174.14 |
| Q4 2016 | +68,838 | Add 6.31% | 1.16 M | $165.99 |
| Q3 2016 | +134,703 | Add 14.08% | 1.09 M | $158.85 |
| Q2 2016 | +141,873 | Add 17.40% | 957,002 | $151.78 |
| Q1 2016 | +71,536 | Add 9.62% | 815,129 | $151.45 |
| Q4 2015 | +169,749 | Add 29.58% | 743,593 | $137.62 |
| Q3 2015 | -12,984 | Reduce 2.21% | 573,844 | $144.97 |
| Q2 2015 | +66,287 | Add 12.73% | 586,828 | $162.66 |
| Q1 2015 | +30,765 | Add 6.28% | 520,541 | $160.50 |
| Q4 2014 | +33,879 | Add 7.43% | 489,776 | $160.44 |
| Q3 2014 | +21,360 | Add 4.92% | 455,897 | $189.83 |
| Q2 2014 | -164,700 | Reduce 27.48% | 434,537 | $181.27 |
| Q1 2014 | +35,200 | Add 6.24% | 599,237 | $192.49 |
| Q4 2013 | -47,703 | Reduce 7.80% | 564,037 | $187.57 |
| Q3 2013 | +78,885 | Add 14.80% | 611,740 | $185.18 |
| Q2 2013 | +532,855 | Add 0.00% | 532,855 | $191.11 |
| Q4 2012 | +409,489 | Add 0.00% | 409,489 | $191.55 |
Cliff Asness's International Business Machines Corporation Investment FAQs
Cliff Asness first purchased International Business Machines Corporation (IBM) in Q4 2012, acquiring 409,489 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 International Business Machines Corporation (IBM) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to International Business Machines Corporation (IBM) was in Q3 2017, adding 3,305,287 shares worth $480.42 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 856,777 shares of International Business Machines Corporation (IBM), valued at approximately $253.79 M.
As of the Q4 2025 filing, International Business Machines Corporation (IBM) 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 International Business Machines Corporation (IBM) was 4,559,486 shares, as reported at the end of Q2 2018.