Cliff Asness's JEF Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 3.41 M shares of Jefferies Financial Group Inc. (JEF) worth $211.46 M, representing 0.11% of the portfolio. First purchased in 2018-Q2, this long-term strategic position has been held for 27 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in JEF, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2025, adding 2.98 M shares. Largest reduction occurred in Q3 2023, reducing 735,427 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Jefferies Financial Group (JEF) Holding Value Over Time
Track share changes against reported price movement
Quarterly Jefferies Financial Group (JEF) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +2.98 M | Add 696.81% | 3.41 M | $61.97 |
| Q3 2025 | +17,807 | Add 4.34% | 428,246 | $65.42 |
| Q2 2025 | +174,536 | Add 73.99% | 410,439 | $54.69 |
| Q1 2025 | +90,608 | Add 62.36% | 235,903 | $51.28 |
| Q4 2024 | +35,564 | Add 32.41% | 145,295 | $78.40 |
| Q3 2024 | -80,312 | Reduce 42.26% | 109,731 | $61.12 |
| Q2 2024 | -1,336 | Reduce 0.70% | 190,043 | $49.71 |
| Q1 2024 | -47,858 | Reduce 20.00% | 191,379 | $44.10 |
| Q4 2023 | -78,484 | Reduce 24.70% | 239,237 | $40.41 |
| Q3 2023 | -735,427 | Reduce 69.83% | 317,721 | $36.63 |
| Q2 2023 | -233,456 | Reduce 18.15% | 1.05 M | $33.17 |
| Q1 2023 | +52,079 | Add 4.22% | 1.29 M | $31.32 |
| Q4 2022 | -167,392 | Reduce 11.94% | 1.23 M | $33.93 |
| Q3 2022 | -429,009 | Reduce 23.43% | 1.4 M | $29.50 |
| Q2 2022 | -38,515 | Reduce 2.06% | 1.83 M | $26.79 |
| Q1 2022 | +692,237 | Add 58.80% | 1.87 M | $32.85 |
| Q4 2021 | +241,619 | Add 25.83% | 1.18 M | $38.80 |
| Q3 2021 | -262,088 | Reduce 21.88% | 935,585 | $37.13 |
| Q2 2021 | +593,758 | Add 98.32% | 1.2 M | $33.44 |
| Q1 2021 | +392,367 | Add 185.47% | 603,915 | $30.10 |
| Q4 2020 | -175,493 | Reduce 45.34% | 211,548 | $24.14 |
| Q3 2020 | -617,356 | Reduce 61.47% | 387,041 | $18.00 |
| Q2 2020 | +1 M | New Buy | 1 M | $15.55 |
| Q1 2019 | -99,148 | Sold Out | 0 | $0.00 |
| Q4 2018 | +99,148 | New Buy | 99,148 | $17.36 |
| Q3 2018 | -39,331 | Sold Out | 0 | $0.00 |
| Q2 2018 | +39,331 | New Buy | 39,331 | $22.73 |
Cliff Asness's Jefferies Financial Group Investment FAQs
Cliff Asness first purchased Jefferies Financial Group Inc. (JEF) in Q2 2018, acquiring 39,331 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 Jefferies Financial Group Inc. (JEF) for 27 quarters since Q2 2018.
Cliff Asness's largest addition to Jefferies Financial Group Inc. (JEF) was in Q4 2025, adding 3,412,301 shares worth $211.46 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 3,412,301 shares of Jefferies Financial Group Inc. (JEF), valued at approximately $211.46 M.
As of the Q4 2025 filing, Jefferies Financial Group Inc. (JEF) represents approximately 0.11% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Jefferies Financial Group Inc. (JEF) was 3,412,301 shares, as reported at the end of Q4 2025.