Cliff Asness's MUSA Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 507,418 shares of Murphy USA Inc. (MUSA) worth $204.75 M, representing 0.11% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in MUSA, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2013, adding 572,394 shares. Largest reduction occurred in Q4 2014, reducing 541,345 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Murphy USA (MUSA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Murphy USA (MUSA) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +304,354 | Add 149.88% | 507,418 | $403.52 |
| Q3 2025 | +80,702 | Add 65.95% | 203,064 | $388.26 |
| Q2 2025 | -22,599 | Reduce 15.59% | 122,362 | $406.80 |
| Q1 2025 | -12 | Reduce 0.01% | 144,961 | $467.99 |
| Q4 2024 | +3,025 | Add 2.13% | 144,973 | $498.72 |
| Q3 2024 | +311 | Add 0.22% | 141,948 | $492.87 |
| Q2 2024 | +1,635 | Add 1.17% | 141,637 | $469.46 |
| Q1 2024 | +5,328 | Add 3.96% | 140,002 | $419.20 |
| Q4 2023 | -18,539 | Reduce 12.10% | 134,674 | $356.14 |
| Q3 2023 | +12,015 | Add 8.51% | 153,213 | $341.73 |
| Q2 2023 | +13,382 | Add 10.47% | 141,198 | $311.11 |
| Q1 2023 | +46,686 | Add 57.54% | 127,816 | $258.05 |
| Q4 2022 | +12,796 | Add 18.73% | 81,130 | $279.54 |
| Q3 2022 | -21,978 | Reduce 24.34% | 68,334 | $274.90 |
| Q2 2022 | -29,288 | Reduce 24.49% | 90,312 | $232.87 |
| Q1 2022 | -5,244 | Reduce 4.20% | 119,600 | $199.97 |
| Q4 2021 | -50,576 | Reduce 28.83% | 124,844 | $199.24 |
| Q3 2021 | -66,535 | Reduce 27.50% | 175,420 | $167.26 |
| Q2 2021 | -27,822 | Reduce 10.31% | 241,955 | $133.37 |
| Q1 2021 | +43,208 | Add 19.07% | 269,777 | $144.56 |
| Q4 2020 | -145,076 | Reduce 39.04% | 226,569 | $130.87 |
| Q3 2020 | -52,223 | Reduce 12.32% | 371,645 | $128.27 |
| Q2 2020 | -141,304 | Reduce 25.00% | 423,868 | $111.23 |
| Q1 2020 | -230,823 | Reduce 29.00% | 565,172 | $84.04 |
| Q4 2019 | -13,686 | Reduce 1.69% | 795,995 | $117.00 |
| Q3 2019 | +75,404 | Add 10.27% | 809,681 | $85.30 |
| Q2 2019 | +93,089 | Add 14.52% | 734,277 | $84.03 |
| Q1 2019 | -75,365 | Reduce 10.52% | 641,188 | $85.46 |
| Q4 2018 | -14,335 | Reduce 1.96% | 716,553 | $76.64 |
| Q3 2018 | -36,577 | Reduce 4.77% | 730,888 | $85.46 |
| Q2 2018 | +140,961 | Add 22.50% | 767,465 | $75.10 |
| Q1 2018 | -13,462 | Reduce 2.10% | 626,504 | $72.80 |
| Q4 2017 | -42,360 | Reduce 6.21% | 639,966 | $80.36 |
| Q3 2017 | -10,817 | Reduce 1.56% | 682,326 | $69.00 |
| Q2 2017 | -255,646 | Reduce 26.94% | 693,143 | $74.11 |
| Q1 2017 | -303,125 | Reduce 24.21% | 948,789 | $73.42 |
| Q4 2016 | -1,010 | Reduce 0.08% | 1.25 M | $61.47 |
| Q3 2016 | +317,100 | Add 33.88% | 1.25 M | $71.36 |
| Q2 2016 | -1,801 | Reduce 0.19% | 935,824 | $74.16 |
| Q1 2016 | -65,334 | Reduce 6.51% | 937,625 | $61.45 |
| Q4 2015 | -9,783 | Reduce 0.97% | 1 M | $60.74 |
| Q3 2015 | +28,277 | Add 2.87% | 1.01 M | $54.95 |
| Q2 2015 | +295,781 | Add 42.95% | 984,465 | $55.82 |
| Q1 2015 | +177,124 | Add 34.62% | 688,684 | $72.37 |
| Q4 2014 | -541,345 | Reduce 51.41% | 511,560 | $68.86 |
| Q3 2014 | +110,158 | Add 11.68% | 1.05 M | $53.06 |
| Q2 2014 | +31,100 | Add 3.41% | 942,747 | $48.89 |
| Q1 2014 | +74,048 | Add 8.84% | 911,647 | $40.59 |
| Q4 2013 | +572,394 | Add 215.83% | 837,599 | $41.56 |
| Q3 2013 | +265,205 | New Buy | 265,205 | $40.39 |
Cliff Asness's Murphy USA Investment FAQs
Cliff Asness first purchased Murphy USA Inc. (MUSA) in Q3 2013, acquiring 265,205 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 Murphy USA Inc. (MUSA) for 50 quarters since Q3 2013.
Cliff Asness's largest addition to Murphy USA Inc. (MUSA) was in Q4 2013, adding 837,599 shares worth $34.81 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 507,418 shares of Murphy USA Inc. (MUSA), valued at approximately $204.75 M.
As of the Q4 2025 filing, Murphy USA Inc. (MUSA) represents approximately 0.11% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Murphy USA Inc. (MUSA) was 1,252,924 shares, as reported at the end of Q3 2016.