Cliff Asness's MGM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 7.36 M shares of MGM Resorts International (MGM) worth $268.6 M, representing 0.14% 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 MGM, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 5.65 M shares. Largest reduction occurred in Q4 2025, reducing 1.09 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's MGM Resorts International (MGM) Holding Value Over Time
Track share changes against reported price movement
Quarterly MGM Resorts International (MGM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -1.09 M | Reduce 12.86% | 7.36 M | $36.49 |
| Q3 2025 | +5.65 M | Add 202.52% | 8.45 M | $34.66 |
| Q2 2025 | +180,947 | Add 6.93% | 2.79 M | $34.39 |
| Q1 2025 | +1.33 M | Add 104.17% | 2.61 M | $29.09 |
| Q4 2024 | +1.27 M | Add 12726.85% | 1.28 M | $34.65 |
| Q3 2024 | -5,010 | Reduce 33.44% | 9,971 | $39.09 |
| Q2 2024 | -30,848 | Reduce 67.31% | 14,981 | $44.07 |
| Q1 2024 | -70,107 | Reduce 60.47% | 45,829 | $47.21 |
| Q4 2023 | -648,044 | Reduce 84.82% | 115,936 | $44.68 |
| Q3 2023 | -230,052 | Reduce 23.14% | 763,980 | $36.76 |
| Q2 2023 | +813,726 | Add 451.30% | 994,032 | $43.90 |
| Q1 2023 | +61,408 | Add 51.65% | 180,306 | $44.27 |
| Q4 2022 | -214,294 | Reduce 64.32% | 118,898 | $32.88 |
| Q3 2022 | -46,650 | Reduce 12.28% | 333,192 | $29.72 |
| Q2 2022 | -264,554 | Reduce 41.05% | 379,842 | $28.46 |
| Q1 2022 | +23,568 | Add 3.80% | 644,396 | $41.94 |
| Q4 2021 | +175,099 | Add 39.28% | 620,828 | $44.88 |
| Q3 2021 | -333,786 | Reduce 42.82% | 445,729 | $43.15 |
| Q2 2021 | -239,526 | Reduce 23.51% | 779,515 | $42.63 |
| Q1 2021 | +344,852 | Add 51.15% | 1.02 M | $37.99 |
| Q4 2020 | +75,494 | Add 12.61% | 674,189 | $30.99 |
| Q3 2020 | +97,256 | Add 19.40% | 598,695 | $21.75 |
| Q2 2020 | +243,952 | Add 94.74% | 501,439 | $16.57 |
| Q1 2020 | +15,935 | Add 6.60% | 257,487 | $11.77 |
| Q4 2019 | -58,506 | Reduce 19.50% | 241,552 | $33.27 |
| Q3 2019 | +232,332 | Add 343.05% | 300,058 | $27.49 |
| Q2 2019 | -638,725 | Reduce 90.41% | 67,726 | $28.33 |
| Q1 2019 | +309,281 | Add 77.87% | 706,451 | $25.66 |
| Q4 2018 | +381,652 | Add 2459.41% | 397,170 | $24.26 |
| Q3 2018 | -203,527 | Reduce 92.92% | 15,518 | $27.90 |
| Q2 2018 | +133,916 | Add 157.31% | 219,045 | $29.03 |
| Q1 2018 | +21,731 | Add 34.28% | 85,129 | $35.02 |
| Q4 2017 | +5,723 | Add 9.92% | 63,398 | $33.39 |
| Q3 2017 | -873,064 | Reduce 93.80% | 57,675 | $32.60 |
| Q2 2017 | +39,301 | Add 4.41% | 930,739 | $31.29 |
| Q1 2017 | -85,479 | Reduce 8.75% | 891,438 | $27.40 |
| Q4 2016 | -184,446 | Reduce 15.88% | 976,917 | $28.83 |
| Q3 2016 | +255,950 | Add 28.27% | 1.16 M | $26.03 |
| Q2 2016 | -134,080 | Reduce 12.90% | 905,413 | $22.63 |
| Q1 2016 | +287,019 | Add 38.14% | 1.04 M | $21.44 |
| Q4 2015 | +752,474 | New Buy | 752,474 | $22.72 |
| Q3 2015 | -27,311 | Sold Out | 0 | $0.00 |
| Q2 2015 | -2,967 | Reduce 9.80% | 27,311 | $18.23 |
| Q1 2015 | -5,800 | Reduce 16.08% | 30,278 | $21.04 |
| Q4 2014 | -155,759 | Reduce 81.19% | 36,078 | $21.37 |
| Q3 2014 | +74,070 | Add 62.90% | 191,837 | $22.78 |
| Q2 2014 | -113,800 | Reduce 49.14% | 117,767 | $26.40 |
| Q1 2014 | +125,700 | Add 118.73% | 231,567 | $25.86 |
| Q4 2013 | -114,163 | Reduce 51.89% | 105,867 | $23.52 |
| Q3 2013 | -123,170 | Reduce 35.89% | 220,030 | $20.44 |
| Q2 2013 | +343,200 | Add 0.00% | 343,200 | $14.78 |
| Q4 2012 | +574,538 | Add 0.00% | 574,538 | $11.64 |
Cliff Asness's MGM Resorts International Investment FAQs
Cliff Asness first purchased MGM Resorts International (MGM) in Q4 2012, acquiring 574,538 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 MGM Resorts International (MGM) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to MGM Resorts International (MGM) was in Q3 2025, adding 8,446,982 shares worth $292.77 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 7,360,984 shares of MGM Resorts International (MGM), valued at approximately $268.6 M.
As of the Q4 2025 filing, MGM Resorts International (MGM) represents approximately 0.14% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in MGM Resorts International (MGM) was 8,446,982 shares, as reported at the end of Q3 2025.