Cliff Asness's LAMR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.24 M shares of Lamar Advertising Company (LAMR) worth $156.27 M, representing 0.08% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in LAMR, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 816,217 shares. Largest reduction occurred in Q4 2025, reducing 350,430 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Lamar Advertising Company (LAMR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Lamar Advertising Company (LAMR) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -350,430 | Reduce 22.07% | 1.24 M | $126.29 |
| Q3 2025 | +112,362 | Add 7.62% | 1.59 M | $121.65 |
| Q2 2025 | +816,217 | Add 123.80% | 1.48 M | $120.06 |
| Q1 2025 | +533,959 | Add 425.98% | 659,308 | $112.76 |
| Q4 2024 | +3,720 | Add 3.06% | 125,349 | $121.74 |
| Q3 2024 | +22,722 | Add 22.97% | 121,629 | $133.36 |
| Q2 2024 | -26,857 | Reduce 21.36% | 98,907 | $119.43 |
| Q1 2024 | +76,631 | Add 155.97% | 125,764 | $119.41 |
| Q4 2023 | +16,862 | Add 52.25% | 49,133 | $106.28 |
| Q3 2023 | -4,485 | Reduce 12.20% | 32,271 | $83.47 |
| Q2 2023 | -8,189 | Reduce 18.22% | 36,756 | $99.25 |
| Q1 2023 | +11,355 | Add 33.80% | 44,945 | $98.70 |
| Q4 2022 | +6,892 | Add 25.81% | 33,590 | $94.33 |
| Q3 2022 | -5,308 | Reduce 16.58% | 26,698 | $82.48 |
| Q2 2022 | -75,837 | Reduce 70.32% | 32,006 | $87.26 |
| Q1 2022 | +93,673 | Add 661.07% | 107,843 | $116.18 |
| Q4 2021 | -2,399 | Reduce 14.48% | 14,170 | $121.31 |
| Q3 2021 | +200 | Add 1.22% | 16,569 | $113.46 |
| Q2 2021 | -3,124 | Reduce 16.03% | 16,369 | $104.04 |
| Q1 2021 | -57,149 | Reduce 74.57% | 19,493 | $93.37 |
| Q4 2020 | +55,299 | Add 259.10% | 76,642 | $81.94 |
| Q3 2020 | -67,108 | Reduce 75.87% | 21,343 | $66.16 |
| Q2 2020 | -76,416 | Reduce 46.35% | 88,451 | $65.58 |
| Q1 2020 | +75,324 | Add 84.12% | 164,867 | $51.28 |
| Q4 2019 | +26,455 | Add 41.93% | 89,543 | $89.26 |
| Q3 2019 | +28,919 | Add 84.64% | 63,088 | $81.93 |
| Q2 2019 | -10,488 | Reduce 23.49% | 34,169 | $80.72 |
| Q1 2019 | +18,480 | Add 70.60% | 44,657 | $79.27 |
| Q4 2018 | -4,081 | Reduce 13.49% | 26,177 | $69.18 |
| Q3 2018 | +2,003 | Add 7.09% | 30,258 | $77.80 |
| Q2 2018 | -5,724 | Reduce 16.85% | 28,255 | $68.31 |
| Q1 2018 | +3,564 | Add 11.72% | 33,979 | $63.66 |
| Q4 2017 | +3,520 | Add 13.09% | 30,415 | $74.24 |
| Q3 2017 | +2,753 | Add 11.40% | 26,895 | $68.53 |
| Q2 2017 | -3,433 | Reduce 12.45% | 24,142 | $73.56 |
| Q1 2017 | +1,113 | Add 4.21% | 27,575 | $74.74 |
| Q4 2016 | +1,252 | Add 4.97% | 26,462 | $67.23 |
| Q3 2016 | +186 | Add 0.74% | 25,210 | $65.29 |
| Q2 2016 | -4,146 | Reduce 14.21% | 25,024 | $66.30 |
| Q1 2016 | -14,066 | Reduce 32.53% | 29,170 | $61.50 |
| Q4 2015 | -4,568 | Reduce 9.56% | 43,236 | $59.97 |
| Q3 2015 | -17,525 | Reduce 26.83% | 47,804 | $52.17 |
| Q2 2015 | +52,992 | Add 429.54% | 65,329 | $57.48 |
| Q1 2015 | -12,300 | Reduce 49.92% | 12,337 | $59.25 |
| Q4 2014 | +24,637 | New Buy | 24,637 | $53.66 |
Cliff Asness's Lamar Advertising Company Investment FAQs
Cliff Asness first purchased Lamar Advertising Company (LAMR) in Q4 2014, acquiring 24,637 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 Lamar Advertising Company (LAMR) for 45 quarters since Q4 2014.
Cliff Asness's largest addition to Lamar Advertising Company (LAMR) was in Q2 2025, adding 1,475,525 shares worth $177.15 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,237,457 shares of Lamar Advertising Company (LAMR), valued at approximately $156.27 M.
As of the Q4 2025 filing, Lamar Advertising Company (LAMR) represents approximately 0.08% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Lamar Advertising Company (LAMR) was 1,587,887 shares, as reported at the end of Q3 2025.