Cliff Asness's M Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 4 M shares of Macy's, Inc. (M) worth $87.69 M, representing 0.05% 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 M, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2018, adding 5.62 M shares. Largest reduction occurred in Q2 2019, reducing 9.76 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Macy's (M) Holding Value Over Time
Track share changes against reported price movement
Quarterly Macy's (M) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +1.2 M | Add 42.74% | 4 M | $21.92 |
| Q3 2025 | -670,197 | Reduce 19.30% | 2.8 M | $17.93 |
| Q2 2025 | -1.76 M | Reduce 33.59% | 3.47 M | $11.54 |
| Q1 2025 | +3.81 M | Add 269.23% | 5.23 M | $12.56 |
| Q4 2024 | -509,030 | Reduce 26.44% | 1.42 M | $16.93 |
| Q3 2024 | -464,219 | Reduce 19.43% | 1.93 M | $15.57 |
| Q2 2024 | -351,524 | Reduce 12.82% | 2.39 M | $18.86 |
| Q1 2024 | -990,630 | Reduce 26.55% | 2.74 M | $19.85 |
| Q4 2023 | -1.54 M | Reduce 29.22% | 3.73 M | $20.12 |
| Q3 2023 | +1.73 M | Add 48.85% | 5.27 M | $11.61 |
| Q2 2023 | -1.98 M | Reduce 35.90% | 3.54 M | $15.98 |
| Q1 2023 | +1.42 M | Add 34.45% | 5.53 M | $17.11 |
| Q4 2022 | +780,394 | Add 23.44% | 4.11 M | $20.50 |
| Q3 2022 | +998,100 | Add 42.81% | 3.33 M | $15.67 |
| Q2 2022 | -323,726 | Reduce 12.19% | 2.33 M | $18.07 |
| Q1 2022 | +2.08 M | Add 365.25% | 2.65 M | $24.36 |
| Q4 2021 | +357,733 | Add 168.01% | 570,653 | $26.18 |
| Q3 2021 | +5,390 | Add 2.60% | 212,920 | $22.60 |
| Q2 2021 | +48,030 | Add 30.11% | 207,530 | $18.92 |
| Q1 2021 | +136,440 | Add 591.67% | 159,500 | $16.19 |
| Q4 2020 | -200,379 | Reduce 89.68% | 23,060 | $11.23 |
| Q3 2020 | -2.65 M | Reduce 92.21% | 223,439 | $5.70 |
| Q2 2020 | +169,371 | Add 6.27% | 2.87 M | $6.49 |
| Q1 2020 | -893,045 | Reduce 24.86% | 2.7 M | $4.91 |
| Q4 2019 | -1.34 M | Reduce 27.17% | 3.59 M | $16.85 |
| Q3 2019 | -9,424 | Reduce 0.19% | 4.93 M | $15.34 |
| Q2 2019 | -9.76 M | Reduce 66.38% | 4.94 M | $21.46 |
| Q1 2019 | -2.51 M | Reduce 14.61% | 14.7 M | $24.02 |
| Q4 2018 | +5.25 M | Add 43.93% | 17.21 M | $29.78 |
| Q3 2018 | +5.62 M | Add 88.67% | 11.96 M | $34.73 |
| Q2 2018 | +5.13 M | Add 425.36% | 6.34 M | $38.30 |
| Q1 2018 | +654,168 | Add 118.41% | 1.21 M | $29.74 |
| Q4 2017 | -2.28 M | Reduce 80.52% | 552,476 | $25.19 |
| Q3 2017 | +204,611 | Add 7.77% | 2.84 M | $21.82 |
| Q2 2017 | +2 M | Add 315.99% | 2.63 M | $23.24 |
| Q1 2017 | -1.46 M | Reduce 69.82% | 632,677 | $29.64 |
| Q4 2016 | +513,830 | Add 32.47% | 2.1 M | $35.81 |
| Q3 2016 | -297,499 | Reduce 15.83% | 1.58 M | $37.05 |
| Q2 2016 | +567,288 | Add 43.22% | 1.88 M | $33.61 |
| Q1 2016 | -837,309 | Reduce 38.95% | 1.31 M | $44.09 |
| Q4 2015 | +252,305 | Add 13.30% | 2.15 M | $34.98 |
| Q3 2015 | +1.02 M | Add 116.61% | 1.9 M | $51.32 |
| Q2 2015 | -53,595 | Reduce 5.77% | 876,018 | $67.47 |
| Q1 2015 | -2,548 | Reduce 0.27% | 929,613 | $64.91 |
| Q4 2014 | -499,916 | Reduce 34.91% | 932,161 | $65.75 |
| Q3 2014 | -132,184 | Reduce 8.45% | 1.43 M | $58.18 |
| Q2 2014 | +103,700 | Add 7.10% | 1.56 M | $58.02 |
| Q1 2014 | -46,501 | Reduce 3.09% | 1.46 M | $59.29 |
| Q4 2013 | -214,015 | Reduce 12.43% | 1.51 M | $53.40 |
| Q3 2013 | -171,978 | Reduce 9.08% | 1.72 M | $43.27 |
| Q2 2013 | +1.89 M | Add 0.00% | 1.89 M | $48.00 |
| Q4 2012 | +1.85 M | Add 0.00% | 1.85 M | $39.02 |
Cliff Asness's Macy's Investment FAQs
Cliff Asness first purchased Macy's, Inc. (M) in Q4 2012, acquiring 1,853,837 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 Macy's, Inc. (M) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Macy's, Inc. (M) was in Q3 2018, adding 11,960,108 shares worth $415.37 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 4,000,339 shares of Macy's, Inc. (M), valued at approximately $87.69 M.
As of the Q4 2025 filing, Macy's, Inc. (M) represents approximately 0.05% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Macy's, Inc. (M) was 17,214,592 shares, as reported at the end of Q4 2018.