Cliff Asness's MDU Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 161,902 shares of MDU Resources Group, Inc. (MDU) worth $3.34 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in MDU, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2020, adding 1.56 M shares. Largest reduction occurred in Q2 2022, reducing 808,547 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's MDU Resources Group (MDU) Holding Value Over Time
Track share changes against reported price movement
Quarterly MDU Resources Group (MDU) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -405,231 | Reduce 71.45% | 161,902 | $20.61 |
| Q4 2025 | -247,959 | Reduce 30.42% | 567,133 | $19.52 |
| Q3 2025 | -298,182 | Reduce 26.78% | 815,092 | $17.81 |
| Q2 2025 | -425,465 | Reduce 27.65% | 1.11 M | $16.63 |
| Q1 2025 | +443,379 | Add 40.48% | 1.54 M | $16.65 |
| Q4 2024 | -462,260 | Reduce 29.68% | 1.1 M | $18.01 |
| Q3 2024 | -188,360 | Reduce 10.79% | 1.56 M | $27.39 |
| Q2 2024 | +467,465 | Add 36.56% | 1.75 M | $25.10 |
| Q1 2024 | -165,884 | Reduce 11.48% | 1.28 M | $24.87 |
| Q4 2023 | +47,304 | Add 3.39% | 1.44 M | $19.80 |
| Q3 2023 | +922,403 | Add 194.32% | 1.4 M | $19.58 |
| Q2 2023 | -17,557 | Reduce 3.57% | 474,692 | $20.94 |
| Q1 2023 | +106,744 | Add 27.69% | 492,249 | $30.42 |
| Q4 2022 | -92,882 | Reduce 19.42% | 385,505 | $30.34 |
| Q3 2022 | -173,790 | Reduce 26.65% | 478,387 | $27.35 |
| Q2 2022 | -808,547 | Reduce 55.35% | 652,177 | $26.75 |
| Q1 2022 | -384,893 | Reduce 20.85% | 1.46 M | $26.57 |
| Q4 2021 | +210,086 | Add 12.85% | 1.85 M | $30.83 |
| Q3 2021 | +2,425 | Add 0.15% | 1.64 M | $29.67 |
| Q2 2021 | -24,681 | Reduce 1.49% | 1.63 M | $31.06 |
| Q1 2021 | -19,110 | Reduce 1.14% | 1.66 M | $31.33 |
| Q4 2020 | -594,316 | Reduce 26.17% | 1.68 M | $25.92 |
| Q3 2020 | +460,512 | Add 25.43% | 2.27 M | $22.31 |
| Q2 2020 | +1.56 M | Add 619.01% | 1.81 M | $21.90 |
| Q1 2020 | -296,968 | Reduce 54.11% | 251,832 | $21.50 |
| Q4 2019 | -176,375 | Reduce 24.32% | 548,800 | $29.71 |
| Q3 2019 | -215,193 | Reduce 22.88% | 725,175 | $28.19 |
| Q2 2019 | +15,117 | Add 1.63% | 940,368 | $25.80 |
| Q1 2019 | -186,611 | Reduce 16.78% | 925,251 | $25.83 |
| Q4 2018 | +144,810 | Add 14.97% | 1.11 M | $23.84 |
| Q3 2018 | +300,176 | Add 45.01% | 967,052 | $25.69 |
| Q2 2018 | +256,600 | Add 62.54% | 666,876 | $28.68 |
| Q1 2018 | +92,778 | Add 29.22% | 410,276 | $28.16 |
| Q4 2017 | +136,393 | Add 75.31% | 317,498 | $26.88 |
| Q3 2017 | -18,381 | Reduce 9.21% | 181,105 | $25.95 |
| Q2 2017 | +138,622 | Add 227.76% | 199,486 | $26.20 |
| Q1 2017 | +16,786 | Add 38.08% | 60,864 | $27.37 |
| Q4 2016 | +17,609 | Add 66.53% | 44,078 | $28.77 |
| Q3 2016 | +10,275 | Add 63.45% | 26,469 | $25.43 |
| Q2 2016 | +16,194 | New Buy | 16,194 | $24.02 |
| Q1 2016 | -48,550 | Sold Out | 0 | $0.00 |
| Q4 2015 | +48,550 | New Buy | 48,550 | $18.31 |
| Q3 2015 | -30,300 | Sold Out | 0 | $0.00 |
| Q2 2015 | +30,300 | New Buy | 30,300 | $19.54 |
| Q1 2015 | -175,671 | Sold Out | 0 | $0.00 |
| Q4 2014 | +14,088 | Add 8.72% | 175,671 | $23.50 |
| Q3 2014 | -15,862 | Reduce 8.94% | 161,583 | $27.81 |
| Q2 2014 | +24,400 | Add 15.94% | 177,445 | $35.10 |
| Q1 2014 | -4,900 | Reduce 3.10% | 153,045 | $34.31 |
| Q4 2013 | +3,000 | Add 1.94% | 157,945 | $30.55 |
| Q3 2013 | -6,100 | Reduce 3.79% | 154,945 | $27.97 |
| Q2 2013 | +161,045 | Add 0.00% | 161,045 | $25.91 |
| Q4 2012 | +197,269 | Add 0.00% | 197,269 | $21.24 |
Cliff Asness's MDU Resources Group Investment FAQs
Cliff Asness first purchased MDU Resources Group, Inc. (MDU) in Q4 2012, acquiring 197,269 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 MDU Resources Group, Inc. (MDU) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to MDU Resources Group, Inc. (MDU) was in Q2 2020, adding 1,810,701 shares worth $39.65 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 161,902 shares of MDU Resources Group, Inc. (MDU), valued at approximately $3.34 M.
As of the Q1 2026 filing, MDU Resources Group, Inc. (MDU) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in MDU Resources Group, Inc. (MDU) was 2,271,213 shares, as reported at the end of Q3 2020.