Cliff Asness's PCG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 46.59 M shares of PG&E Corporation (PCG) worth $702.58 M, representing 0.45% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PCG, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 21.91 M shares. Largest reduction occurred in Q4 2017, reducing 3.94 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's PG&E Corporation (PCG) Holding Value Over Time
Track share changes against reported price movement
Quarterly PG&E Corporation (PCG) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +320,830 | Add 0.00% | 320,829 | $40.18 |
| Q2 2013 | +454,619 | Add 0.00% | 454,618 | $45.73 |
| Q3 2013 | +46,807 | Add 10.30% | 501,425 | $40.92 |
| Q4 2013 | +111,632 | Add 22.26% | 613,057 | $40.28 |
| Q1 2014 | -163,700 | Reduce 26.70% | 449,357 | $43.20 |
| Q2 2014 | -195,352 | Reduce 43.47% | 254,005 | $48.02 |
| Q3 2014 | -96,800 | Reduce 38.11% | 157,205 | $45.04 |
| Q4 2014 | +951,801 | Add 605.45% | 1.11 M | $53.24 |
| Q1 2015 | +762,297 | Add 68.74% | 1.87 M | $53.07 |
| Q2 2015 | +800,534 | Add 42.78% | 2.67 M | $49.10 |
| Q3 2015 | +673,451 | Add 25.21% | 3.35 M | $52.80 |
| Q4 2015 | -282,102 | Reduce 8.43% | 3.06 M | $53.19 |
| Q1 2016 | +137,855 | Add 4.50% | 3.2 M | $59.72 |
| Q2 2016 | -30,218 | Reduce 0.94% | 3.17 M | $63.92 |
| Q3 2016 | +394,104 | Add 12.43% | 3.56 M | $61.17 |
| Q4 2016 | +685,818 | Add 19.24% | 4.25 M | $60.77 |
| Q1 2017 | -106,297 | Reduce 2.50% | 4.14 M | $66.36 |
| Q2 2017 | +439,891 | Add 10.61% | 4.58 M | $66.37 |
| Q3 2017 | +703,217 | Add 15.34% | 5.29 M | $68.09 |
| Q4 2017 | -3.94 M | Reduce 74.44% | 1.35 M | $44.83 |
| Q1 2018 | -746,754 | Reduce 55.24% | 604,997 | $43.93 |
| Q2 2018 | +1.65 M | Add 272.65% | 2.25 M | $42.56 |
| Q3 2018 | -1.8 M | Reduce 79.98% | 451,311 | $46.01 |
| Q4 2018 | -300,514 | Reduce 66.59% | 150,797 | $23.75 |
| Q1 2019 | -1,294 | Reduce 0.86% | 149,503 | $17.80 |
| Q2 2019 | -149,503 | Sold Out | 149,503 | $0.00 |
| Q4 2020 | +64,616 | New Buy | 64,616 | $12.46 |
| Q1 2021 | -64,616 | Sold Out | 64,616 | $0.00 |
| Q2 2021 | +284,475 | New Buy | 284,475 | $10.11 |
| Q3 2021 | -284,475 | Sold Out | 284,475 | $0.00 |
| Q4 2021 | +104,289 | New Buy | 104,289 | $12.08 |
| Q1 2022 | -3,127 | Reduce 3.00% | 101,162 | $11.94 |
| Q2 2022 | +763,050 | Add 754.29% | 864,212 | $9.80 |
| Q3 2022 | -264,283 | Reduce 30.58% | 599,929 | $12.48 |
| Q4 2022 | -108,570 | Reduce 18.10% | 491,359 | $16.25 |
| Q1 2023 | +154,430 | Add 31.43% | 645,789 | $15.96 |
| Q2 2023 | +2.41 M | Add 373.62% | 3.06 M | $17.16 |
| Q3 2023 | -1.96 M | Reduce 64.07% | 1.1 M | $16.13 |
| Q4 2023 | -689,871 | Reduce 62.77% | 409,144 | $18.03 |
| Q1 2024 | +222,467 | Add 54.37% | 631,611 | $16.76 |
| Q2 2024 | +1.48 M | Add 234.45% | 2.11 M | $17.38 |
| Q3 2024 | +675,145 | Add 31.96% | 2.79 M | $19.74 |
| Q4 2024 | +1.16 M | Add 41.57% | 3.95 M | $20.18 |
| Q1 2025 | +12.52 M | Add 317.21% | 16.46 M | $17.03 |
| Q2 2025 | +8.21 M | Add 49.88% | 24.68 M | $13.94 |
| Q3 2025 | +21.91 M | Add 88.80% | 46.59 M | $15.08 |
Cliff Asness's PG&E Corporation Investment FAQs
Cliff Asness first purchased PG&E Corporation (PCG) in Q4 2012, acquiring 320,829 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 PG&E Corporation (PCG) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to PG&E Corporation (PCG) was in Q3 2025, adding 46,590,013 shares worth $702.58 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 46,590,013 shares of PG&E Corporation (PCG), valued at approximately $702.58 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, PG&E Corporation (PCG) represents approximately 0.45% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in PG&E Corporation (PCG) was 46,590,013 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.