Cliff Asness's INCY Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 6.72 M shares of Incyte Corporation (INCY) worth $663.74 M, representing 0.35% 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 INCY, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2025, adding 3.23 M shares. Largest reduction occurred in Q2 2020, reducing 1.77 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Incyte Corporation (INCY) Holding Value Over Time
Track share changes against reported price movement
Quarterly Incyte Corporation (INCY) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -1.2 M | Reduce 15.19% | 6.72 M | $98.77 |
| Q3 2025 | -277,944 | Reduce 3.39% | 7.92 M | $84.25 |
| Q2 2025 | +1.47 M | Add 21.75% | 8.2 M | $68.10 |
| Q1 2025 | +3.23 M | Add 92.31% | 6.74 M | $60.24 |
| Q4 2024 | +801,090 | Add 29.65% | 3.5 M | $68.95 |
| Q3 2024 | +39,965 | Add 1.50% | 2.7 M | $66.10 |
| Q2 2024 | +1.1 M | Add 70.55% | 2.66 M | $60.08 |
| Q1 2024 | +378,004 | Add 31.96% | 1.56 M | $56.97 |
| Q4 2023 | -66,449 | Reduce 5.32% | 1.18 M | $62.67 |
| Q3 2023 | +307,390 | Add 32.64% | 1.25 M | $57.77 |
| Q2 2023 | +95,344 | Add 11.26% | 941,772 | $62.00 |
| Q1 2023 | +133,109 | Add 18.66% | 846,428 | $71.37 |
| Q4 2022 | +18,720 | Add 2.70% | 713,319 | $79.19 |
| Q3 2022 | -261,221 | Reduce 27.33% | 694,599 | $66.64 |
| Q2 2022 | +101,765 | Add 11.92% | 955,820 | $75.03 |
| Q1 2022 | +392,185 | Add 84.91% | 854,055 | $79.42 |
| Q4 2021 | +167,374 | Add 56.83% | 461,870 | $73.40 |
| Q3 2021 | +52,593 | Add 21.74% | 294,496 | $68.78 |
| Q2 2021 | +199,284 | Add 467.59% | 241,903 | $84.13 |
| Q1 2021 | -38,774 | Reduce 47.64% | 42,619 | $81.28 |
| Q4 2020 | -50,301 | Reduce 38.20% | 81,393 | $85.68 |
| Q3 2020 | -249,159 | Reduce 65.42% | 131,694 | $89.74 |
| Q2 2020 | -1.77 M | Reduce 82.25% | 380,853 | $103.01 |
| Q1 2020 | +753,967 | Add 54.16% | 2.15 M | $71.87 |
| Q4 2019 | +140,766 | Add 11.25% | 1.39 M | $87.32 |
| Q3 2019 | +255,541 | Add 25.66% | 1.25 M | $73.84 |
| Q2 2019 | +152,553 | Add 18.09% | 995,804 | $83.90 |
| Q1 2019 | +276,945 | Add 48.90% | 843,251 | $86.01 |
| Q4 2018 | -28,485 | Reduce 4.79% | 566,306 | $63.59 |
| Q3 2018 | +462,965 | Add 351.19% | 594,791 | $69.08 |
| Q2 2018 | +120,414 | Add 1055.15% | 131,826 | $67.00 |
| Q1 2018 | -12,274 | Reduce 51.82% | 11,412 | $83.33 |
| Q4 2017 | -7,646 | Reduce 24.40% | 23,686 | $94.70 |
| Q3 2017 | -75,455 | Reduce 70.66% | 31,332 | $116.75 |
| Q2 2017 | +11,859 | Add 12.49% | 106,787 | $125.91 |
| Q1 2017 | +89,428 | Add 1625.96% | 94,928 | $133.67 |
| Q4 2016 | -37,073 | Reduce 87.08% | 5,500 | $100.18 |
| Q3 2016 | -145,952 | Reduce 77.42% | 42,573 | $94.29 |
| Q2 2016 | +167,143 | Add 781.70% | 188,525 | $79.98 |
| Q1 2016 | -170,137 | Reduce 88.84% | 21,382 | $72.49 |
| Q4 2015 | +13,440 | Add 7.55% | 191,519 | $108.45 |
| Q3 2015 | +58,147 | Add 48.48% | 178,079 | $110.33 |
| Q2 2015 | +79,515 | Add 196.74% | 119,932 | $104.21 |
| Q1 2015 | -4,500 | Reduce 10.02% | 40,417 | $91.67 |
| Q4 2014 | -2,671 | Reduce 5.61% | 44,917 | $73.11 |
| Q3 2014 | -51,700 | Reduce 52.07% | 47,588 | $49.05 |
| Q2 2014 | +31,500 | Add 46.47% | 99,288 | $56.44 |
| Q1 2014 | -60,000 | Reduce 46.95% | 67,788 | $53.52 |
| Q4 2013 | +80,364 | Add 169.46% | 127,788 | $50.63 |
| Q3 2013 | +35,327 | Add 292.03% | 47,424 | $38.15 |
| Q2 2013 | +12,097 | Add 0.00% | 12,097 | $21.99 |
| Q4 2012 | +11,397 | Add 0.00% | 11,397 | $16.58 |
Cliff Asness's Incyte Corporation Investment FAQs
Cliff Asness first purchased Incyte Corporation (INCY) in Q4 2012, acquiring 11,397 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 Incyte Corporation (INCY) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Incyte Corporation (INCY) was in Q1 2025, adding 6,736,169 shares worth $405.79 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 6,720,024 shares of Incyte Corporation (INCY), valued at approximately $663.74 M.
As of the Q4 2025 filing, Incyte Corporation (INCY) represents approximately 0.35% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Incyte Corporation (INCY) was 8,201,455 shares, as reported at the end of Q2 2025.