Cliff Asness's PEGA Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.8 M shares of Pegasystems Inc. (PEGA) worth $167.25 M, representing 0.09% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PEGA, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2025, adding 1.64 M shares. Largest reduction occurred in Q3 2025, reducing 645,751 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Pegasystems (PEGA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Pegasystems (PEGA) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -591,308 | Reduce 17.43% | 2.8 M | $59.72 |
| Q3 2025 | -645,751 | Reduce 15.99% | 3.39 M | $57.50 |
| Q2 2025 | +1.64 M | Add 68.12% | 4.04 M | $53.89 |
| Q1 2025 | +901,902 | Add 60.14% | 2.4 M | $33.87 |
| Q4 2024 | +15,730 | Add 1.06% | 1.5 M | $46.60 |
| Q3 2024 | +374,452 | Add 33.75% | 1.48 M | $36.45 |
| Q2 2024 | +567,016 | Add 104.51% | 1.11 M | $30.09 |
| Q1 2024 | +105,624 | Add 24.18% | 542,538 | $32.32 |
| Q4 2023 | +75,374 | Add 20.85% | 436,914 | $24.43 |
| Q3 2023 | +272,888 | Add 307.82% | 361,540 | $21.70 |
| Q2 2023 | -27,602 | Reduce 23.74% | 88,652 | $24.40 |
| Q1 2023 | +9,750 | Add 9.15% | 116,254 | $23.23 |
| Q4 2022 | -143,276 | Reduce 57.36% | 106,504 | $17.06 |
| Q3 2022 | +140,976 | Add 129.57% | 249,780 | $16.07 |
| Q2 2022 | +108,804 | New Buy | 108,804 | $23.51 |
| Q1 2022 | -46,236 | Sold Out | 0 | $0.00 |
| Q4 2021 | +18,666 | Add 67.70% | 46,236 | $55.91 |
| Q3 2021 | -16,644 | Reduce 37.64% | 27,570 | $63.55 |
| Q2 2021 | -5,344 | Reduce 10.78% | 44,214 | $69.59 |
| Q1 2021 | -2,176 | Reduce 4.21% | 49,558 | $57.17 |
| Q4 2020 | -9,414 | Reduce 15.40% | 51,734 | $65.33 |
| Q3 2020 | +4,422 | Add 7.80% | 61,148 | $60.53 |
| Q2 2020 | -28,246 | Reduce 33.24% | 56,726 | $49.55 |
| Q1 2020 | -2,592 | Reduce 2.96% | 84,972 | $35.61 |
| Q4 2019 | +11,224 | Add 14.70% | 87,564 | $39.82 |
| Q3 2019 | +5,866 | Add 8.32% | 76,340 | $34.02 |
| Q2 2019 | +70,474 | New Buy | 70,474 | $35.60 |
| Q1 2019 | -67,194 | Sold Out | 0 | $0.00 |
| Q4 2018 | +48,922 | Add 267.74% | 67,194 | $23.92 |
| Q3 2018 | -286,518 | Reduce 94.01% | 18,272 | $31.30 |
| Q2 2018 | -10,996 | Reduce 3.48% | 304,790 | $27.40 |
| Q1 2018 | +3,242 | Add 1.04% | 315,786 | $30.32 |
| Q4 2017 | +183,368 | Add 141.95% | 312,544 | $23.57 |
| Q3 2017 | +44,320 | Add 52.23% | 129,176 | $28.82 |
| Q2 2017 | +39,616 | Add 87.57% | 84,856 | $29.18 |
| Q1 2017 | +13,852 | Add 44.13% | 45,240 | $21.93 |
| Q4 2016 | -45,194 | Reduce 59.01% | 31,388 | $18.00 |
| Q3 2016 | -38,600 | Reduce 33.51% | 76,582 | $14.74 |
| Q2 2016 | +10,478 | Add 10.01% | 115,182 | $13.47 |
| Q1 2016 | +41,742 | Add 66.30% | 104,704 | $12.69 |
| Q4 2015 | +12,930 | Add 25.84% | 62,962 | $13.75 |
| Q3 2015 | -66,042 | Reduce 56.90% | 50,032 | $12.31 |
| Q2 2015 | +6,074 | Add 5.52% | 116,074 | $11.45 |
| Q1 2015 | -25,400 | Reduce 18.76% | 110,000 | $10.87 |
| Q4 2014 | -23,800 | Reduce 14.95% | 135,400 | $10.38 |
| Q3 2014 | -8,324 | Reduce 4.97% | 159,200 | $9.55 |
| Q2 2014 | -41,768 | Reduce 19.96% | 167,524 | $10.56 |
| Q1 2014 | +61,568 | Add 41.68% | 209,292 | $8.83 |
| Q4 2013 | +104,124 | Add 238.82% | 147,724 | $12.29 |
| Q3 2013 | +13,784 | Add 46.23% | 43,600 | $9.95 |
| Q2 2013 | +29,816 | Add 0.00% | 29,816 | $8.28 |
Cliff Asness's Pegasystems Investment FAQs
Cliff Asness first purchased Pegasystems Inc. (PEGA) in Q2 2013, acquiring 29,816 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 Pegasystems Inc. (PEGA) for 51 quarters since Q2 2013.
Cliff Asness's largest addition to Pegasystems Inc. (PEGA) was in Q2 2025, adding 4,037,552 shares worth $217.58 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,800,493 shares of Pegasystems Inc. (PEGA), valued at approximately $167.25 M.
As of the Q4 2025 filing, Pegasystems Inc. (PEGA) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Pegasystems Inc. (PEGA) was 4,037,552 shares, as reported at the end of Q2 2025.