Cliff Asness's PBI Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 223,756 shares of Pitney Bowes Inc. (PBI) worth $2.37 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, 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 PBI, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2017, adding 1.42 M shares. Largest reduction occurred in Q2 2019, reducing 1.74 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Pitney Bowes (PBI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Pitney Bowes (PBI) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -81,237 | Reduce 26.64% | 223,756 | $10.57 |
| Q3 2025 | -135,692 | Reduce 30.79% | 304,993 | $11.41 |
| Q2 2025 | -287,798 | Reduce 39.51% | 440,685 | $10.91 |
| Q1 2025 | +694,982 | Add 2074.51% | 728,483 | $9.05 |
| Q4 2024 | +1,759 | Add 5.54% | 33,501 | $7.24 |
| Q3 2024 | +12,647 | Add 66.23% | 31,742 | $7.13 |
| Q2 2024 | +19,095 | New Buy | 19,095 | $5.08 |
| Q2 2023 | -57,086 | Sold Out | 0 | $0.00 |
| Q1 2023 | -25,879 | Reduce 31.19% | 57,086 | $3.89 |
| Q4 2022 | -938,031 | Reduce 91.87% | 82,965 | $3.80 |
| Q3 2022 | +747,006 | Add 272.64% | 1.02 M | $2.33 |
| Q2 2022 | +196,808 | Add 254.99% | 273,990 | $3.62 |
| Q1 2022 | +59,388 | Add 333.75% | 77,182 | $5.20 |
| Q4 2021 | -68,910 | Reduce 79.48% | 17,794 | $6.63 |
| Q3 2021 | -182,636 | Reduce 67.81% | 86,704 | $7.21 |
| Q2 2021 | +124,636 | Add 86.13% | 269,340 | $8.77 |
| Q1 2021 | +112,281 | Add 346.30% | 144,704 | $8.24 |
| Q4 2020 | +19,065 | Add 142.72% | 32,423 | $6.17 |
| Q3 2020 | +13,358 | New Buy | 13,358 | $5.32 |
| Q2 2020 | -23,102 | Sold Out | 0 | $0.00 |
| Q1 2020 | -8,626 | Reduce 27.19% | 23,102 | $2.03 |
| Q4 2019 | -7,536 | Reduce 19.19% | 31,728 | $4.03 |
| Q3 2019 | -223,476 | Reduce 85.06% | 39,264 | $4.56 |
| Q2 2019 | -1.74 M | Reduce 86.87% | 262,740 | $4.28 |
| Q1 2019 | -769,596 | Reduce 27.78% | 2 M | $6.87 |
| Q4 2018 | +762,585 | Add 37.99% | 2.77 M | $5.91 |
| Q3 2018 | -938,077 | Reduce 31.85% | 2.01 M | $7.08 |
| Q2 2018 | +844,810 | Add 40.22% | 2.95 M | $8.57 |
| Q1 2018 | -170,610 | Reduce 7.51% | 2.1 M | $10.89 |
| Q4 2017 | +1.42 M | Add 168.33% | 2.27 M | $11.18 |
| Q3 2017 | +528,067 | Add 165.87% | 846,433 | $14.01 |
| Q2 2017 | +125,713 | Add 65.25% | 318,366 | $15.10 |
| Q1 2017 | -253,788 | Reduce 56.85% | 192,653 | $13.11 |
| Q4 2016 | -449,789 | Reduce 50.19% | 446,441 | $15.19 |
| Q3 2016 | +160,317 | Add 21.78% | 896,230 | $18.16 |
| Q2 2016 | +367,987 | Add 100.02% | 735,913 | $17.80 |
| Q1 2016 | -483,199 | Reduce 56.77% | 367,926 | $21.54 |
| Q4 2015 | +84,542 | Add 11.03% | 851,125 | $20.65 |
| Q3 2015 | +135,458 | Add 21.46% | 766,583 | $19.85 |
| Q2 2015 | +153,573 | Add 32.16% | 631,125 | $20.81 |
| Q1 2015 | +21,729 | Add 4.77% | 477,552 | $23.32 |
| Q4 2014 | -516 | Reduce 0.11% | 455,823 | $24.37 |
| Q3 2014 | +86,800 | Add 23.49% | 456,339 | $24.99 |
| Q2 2014 | +149,300 | Add 67.79% | 369,539 | $27.62 |
| Q1 2014 | +126,600 | Add 135.20% | 220,239 | $25.99 |
| Q4 2013 | +49,367 | Add 111.51% | 93,639 | $23.30 |
| Q3 2013 | -1,228 | Reduce 2.70% | 44,272 | $18.18 |
| Q2 2013 | +45,500 | Add 0.00% | 45,500 | $14.68 |
| Q4 2012 | +201,700 | Add 0.00% | 201,700 | $10.64 |
Cliff Asness's Pitney Bowes Investment FAQs
Cliff Asness first purchased Pitney Bowes Inc. (PBI) in Q4 2012, acquiring 201,700 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 Pitney Bowes Inc. (PBI) for 50 quarters since Q4 2012.
Cliff Asness's largest addition to Pitney Bowes Inc. (PBI) was in Q4 2017, adding 2,271,261 shares worth $25.39 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 223,756 shares of Pitney Bowes Inc. (PBI), valued at approximately $2.37 M.
As of the Q4 2025 filing, Pitney Bowes Inc. (PBI) 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 Pitney Bowes Inc. (PBI) was 2,945,461 shares, as reported at the end of Q2 2018.