Cliff Asness's MCD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 488,324 shares of McDonald's Corporation (MCD) worth $149.25 M, representing 0.08% 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 MCD, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2023, adding 516,684 shares. Largest reduction occurred in Q3 2020, reducing 572,721 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's McDonald's Corporation (MCD) Holding Value Over Time
Track share changes against reported price movement
Quarterly McDonald's Corporation (MCD) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +143,352 | Add 41.55% | 488,324 | $305.63 |
| Q3 2025 | +92,603 | Add 36.69% | 344,972 | $303.28 |
| Q2 2025 | -26,779 | Reduce 9.59% | 252,369 | $292.17 |
| Q1 2025 | -33,991 | Reduce 10.85% | 279,148 | $309.31 |
| Q4 2024 | -48,025 | Reduce 13.30% | 313,139 | $289.89 |
| Q3 2024 | -36,268 | Reduce 9.13% | 361,164 | $304.24 |
| Q2 2024 | -142,067 | Reduce 26.33% | 397,432 | $254.84 |
| Q1 2024 | -75,231 | Reduce 12.24% | 539,499 | $281.95 |
| Q4 2023 | -128,884 | Reduce 17.33% | 614,730 | $295.41 |
| Q3 2023 | -260,016 | Reduce 25.91% | 743,614 | $263.44 |
| Q2 2023 | +516,684 | Add 106.11% | 1 M | $296.26 |
| Q1 2023 | +200,809 | Add 70.18% | 486,946 | $279.61 |
| Q4 2022 | +48,263 | Add 20.29% | 286,137 | $262.96 |
| Q3 2022 | +19,029 | Add 8.70% | 237,874 | $230.74 |
| Q2 2022 | -269,894 | Reduce 55.22% | 218,845 | $246.57 |
| Q1 2022 | +2,185 | Add 0.45% | 488,739 | $247.28 |
| Q4 2021 | -143,799 | Reduce 22.81% | 486,554 | $267.35 |
| Q3 2021 | +121,149 | Add 23.79% | 630,353 | $241.11 |
| Q2 2021 | -106,390 | Reduce 17.28% | 509,204 | $230.99 |
| Q1 2021 | +170,088 | Add 38.18% | 615,594 | $224.14 |
| Q4 2020 | +144,033 | Add 47.78% | 445,506 | $211.89 |
| Q3 2020 | -572,721 | Reduce 65.51% | 301,473 | $219.49 |
| Q2 2020 | -36,861 | Reduce 4.05% | 874,194 | $182.71 |
| Q1 2020 | -271,565 | Reduce 22.96% | 911,055 | $165.35 |
| Q4 2019 | +55,822 | Add 4.95% | 1.18 M | $197.61 |
| Q3 2019 | +293,731 | Add 35.26% | 1.13 M | $214.71 |
| Q2 2019 | +116,824 | Add 16.31% | 833,067 | $207.66 |
| Q1 2019 | +114,753 | Add 19.08% | 716,243 | $189.90 |
| Q4 2018 | +5,340 | Add 0.90% | 601,490 | $177.57 |
| Q3 2018 | -533,437 | Reduce 47.22% | 596,150 | $167.29 |
| Q2 2018 | -217,174 | Reduce 16.13% | 1.13 M | $156.69 |
| Q1 2018 | +312,246 | Add 30.18% | 1.35 M | $156.38 |
| Q4 2017 | +252,394 | Add 32.27% | 1.03 M | $172.12 |
| Q3 2017 | -90,383 | Reduce 10.36% | 782,121 | $156.68 |
| Q2 2017 | +187,503 | Add 27.37% | 872,504 | $153.16 |
| Q1 2017 | +25,618 | Add 3.89% | 685,001 | $129.61 |
| Q4 2016 | -79,476 | Reduce 10.76% | 659,383 | $121.72 |
| Q3 2016 | -3,190 | Reduce 0.43% | 738,859 | $115.36 |
| Q2 2016 | +14,832 | Add 2.04% | 742,049 | $120.34 |
| Q1 2016 | -222,991 | Reduce 23.47% | 727,217 | $125.68 |
| Q4 2015 | +311,544 | Add 48.78% | 950,208 | $118.14 |
| Q3 2015 | +130,221 | Add 25.61% | 638,664 | $98.53 |
| Q2 2015 | +49,650 | Add 10.82% | 508,443 | $95.07 |
| Q1 2015 | +114,622 | Add 33.30% | 458,793 | $97.44 |
| Q4 2014 | +143,842 | Add 71.80% | 344,171 | $93.70 |
| Q3 2014 | -85,621 | Reduce 29.94% | 200,329 | $94.81 |
| Q2 2014 | +20,000 | Add 7.52% | 285,950 | $100.74 |
| Q1 2014 | +11,100 | Add 4.36% | 265,950 | $98.03 |
| Q4 2013 | +24,600 | Add 10.68% | 254,850 | $97.03 |
| Q3 2013 | +27,820 | Add 13.74% | 230,250 | $96.21 |
| Q2 2013 | +202,430 | Add 0.00% | 202,430 | $99.00 |
| Q4 2012 | +357,065 | Add 0.00% | 357,065 | $88.21 |
Cliff Asness's McDonald's Corporation Investment FAQs
Cliff Asness first purchased McDonald's Corporation (MCD) in Q4 2012, acquiring 357,065 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 McDonald's Corporation (MCD) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to McDonald's Corporation (MCD) was in Q2 2023, adding 1,003,630 shares worth $297.34 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 488,324 shares of McDonald's Corporation (MCD), valued at approximately $149.25 M.
As of the Q4 2025 filing, McDonald's Corporation (MCD) 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 McDonald's Corporation (MCD) was 1,346,761 shares, as reported at the end of Q1 2018.