Cliff Asness's PBF Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.5 M shares of PBF Energy Inc. (PBF) worth $75.52 M, representing 0.05% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PBF, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2018, adding 2.58 M shares. Largest reduction occurred in Q2 2019, reducing 2.9 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's PBF Energy (PBF) Holding Value Over Time
Track share changes against reported price movement
Quarterly PBF Energy (PBF) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +261,729 | Add 0.00% | 261,728 | $25.90 |
| Q3 2013 | -261,728 | Sold Out | 0 | $0.00 |
| Q3 2014 | +116,900 | New Buy | 116,900 | $24.00 |
| Q4 2014 | -105,800 | Reduce 90.50% | 11,100 | $26.67 |
| Q1 2015 | +84,212 | Add 758.67% | 95,312 | $33.92 |
| Q2 2015 | +382,869 | Add 401.70% | 478,181 | $28.42 |
| Q3 2015 | +67,789 | Add 14.18% | 545,970 | $28.23 |
| Q4 2015 | +270,584 | Add 49.56% | 816,554 | $36.81 |
| Q1 2016 | +678,350 | Add 83.07% | 1.49 M | $33.20 |
| Q2 2016 | -174,085 | Reduce 11.65% | 1.32 M | $23.78 |
| Q3 2016 | -957,544 | Reduce 72.50% | 363,275 | $22.64 |
| Q4 2016 | -327,825 | Reduce 90.24% | 35,450 | $27.87 |
| Q1 2017 | -4,526 | Reduce 12.77% | 30,924 | $22.18 |
| Q2 2017 | -8,827 | Reduce 28.54% | 22,097 | $22.27 |
| Q3 2017 | -812 | Reduce 3.67% | 21,285 | $27.63 |
| Q4 2017 | +656,878 | Add 3086.11% | 678,163 | $35.45 |
| Q1 2018 | +1.4 M | Add 205.94% | 2.07 M | $33.90 |
| Q2 2018 | +1.58 M | Add 76.01% | 3.65 M | $42.53 |
| Q3 2018 | +488,026 | Add 13.36% | 4.14 M | $49.91 |
| Q4 2018 | +2.58 M | Add 62.40% | 6.72 M | $32.67 |
| Q1 2019 | -684,045 | Reduce 10.17% | 6.04 M | $31.14 |
| Q2 2019 | -2.9 M | Reduce 48.06% | 3.14 M | $30.27 |
| Q3 2019 | -2.38 M | Reduce 75.82% | 758,436 | $27.19 |
| Q4 2019 | -711,777 | Reduce 93.85% | 46,659 | $31.27 |
| Q1 2020 | +1.49 M | Add 3200.22% | 1.54 M | $7.08 |
| Q2 2020 | +367,587 | Add 23.87% | 1.91 M | $9.36 |
| Q3 2020 | -1.81 M | Reduce 94.66% | 101,805 | $5.69 |
| Q4 2020 | -28,269 | Reduce 27.77% | 73,536 | $7.03 |
| Q1 2021 | -73,536 | Sold Out | 0 | $0.00 |
| Q4 2021 | +77,143 | New Buy | 77,143 | $12.98 |
| Q1 2022 | +36,772 | Add 47.67% | 113,915 | $24.37 |
| Q2 2022 | -8,535 | Reduce 7.49% | 105,380 | $29.02 |
| Q3 2022 | +220,534 | Add 209.28% | 325,914 | $34.70 |
| Q4 2022 | +1,561 | Add 0.48% | 327,475 | $40.78 |
| Q1 2023 | +828,787 | Add 253.08% | 1.16 M | $42.87 |
| Q2 2023 | +16,454 | Add 1.42% | 1.17 M | $40.90 |
| Q3 2023 | -313,764 | Reduce 26.76% | 858,952 | $53.53 |
| Q4 2023 | +58,705 | Add 6.83% | 917,657 | $43.96 |
| Q1 2024 | -347,725 | Reduce 37.89% | 569,932 | $56.93 |
| Q2 2024 | +84,532 | Add 14.83% | 654,464 | $45.66 |
| Q3 2024 | -141,175 | Reduce 21.57% | 513,289 | $30.95 |
| Q4 2024 | +140,804 | Add 27.43% | 654,093 | $26.21 |
| Q1 2025 | -23,533 | Reduce 3.60% | 630,560 | $19.00 |
| Q2 2025 | +1.45 M | Add 230.67% | 2.09 M | $21.67 |
| Q3 2025 | +418,223 | Add 20.06% | 2.5 M | $30.17 |
Cliff Asness's PBF Energy Investment FAQs
Cliff Asness first purchased PBF Energy Inc. (PBF) in Q2 2013, acquiring 261,728 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 PBF Energy Inc. (PBF) for 45 quarters since Q2 2013.
Cliff Asness's largest addition to PBF Energy Inc. (PBF) was in Q4 2018, adding 6,723,265 shares worth $219.65 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,503,283 shares of PBF Energy Inc. (PBF), valued at approximately $75.52 M.
As of the Q3 2025 filing, PBF Energy Inc. (PBF) 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 PBF Energy Inc. (PBF) was 6,723,265 shares, as reported at the end of Q4 2018.