Cliff Asness's PKG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 850,417 shares of Packaging Corporation of America (PKG) worth $175.38 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PKG, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2018, adding 347,277 shares. Largest reduction occurred in Q1 2022, reducing 367,239 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Packaging Corporation of America (PKG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Packaging Corporation of America (PKG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -292,598 | Reduce 25.60% | 850,417 | $206.23 |
| Q3 2025 | +254,653 | Add 28.67% | 1.14 M | $216.62 |
| Q2 2025 | +320,418 | Add 56.42% | 888,362 | $188.45 |
| Q1 2025 | +78,185 | Add 15.96% | 567,944 | $195.60 |
| Q4 2024 | -27,152 | Reduce 5.25% | 489,759 | $225.13 |
| Q3 2024 | +115,551 | Add 28.79% | 516,911 | $214.52 |
| Q2 2024 | +249,483 | Add 164.27% | 401,360 | $182.56 |
| Q1 2024 | +75,614 | Add 99.15% | 151,877 | $188.92 |
| Q4 2023 | -3,039 | Reduce 3.83% | 76,263 | $162.91 |
| Q3 2023 | -48,656 | Reduce 38.02% | 79,302 | $153.55 |
| Q2 2023 | -81,252 | Reduce 38.84% | 127,958 | $130.86 |
| Q1 2023 | -199,085 | Reduce 48.76% | 209,210 | $138.40 |
| Q4 2022 | -239,794 | Reduce 37.00% | 408,295 | $127.91 |
| Q3 2022 | +17,862 | Add 2.83% | 648,089 | $112.29 |
| Q2 2022 | -5,005 | Reduce 0.79% | 630,227 | $136.54 |
| Q1 2022 | -367,239 | Reduce 36.63% | 635,232 | $156.11 |
| Q4 2021 | +65,730 | Add 7.02% | 1 M | $134.51 |
| Q3 2021 | +192,695 | Add 25.90% | 936,741 | $137.44 |
| Q2 2021 | +416 | Add 0.06% | 744,046 | $134.69 |
| Q1 2021 | +147,673 | Add 24.78% | 743,630 | $134.48 |
| Q4 2020 | -4,810 | Reduce 0.80% | 595,957 | $137.30 |
| Q3 2020 | +107,273 | Add 21.74% | 600,767 | $109.02 |
| Q2 2020 | -27,362 | Reduce 5.25% | 493,494 | $97.26 |
| Q1 2020 | -42,924 | Reduce 7.61% | 520,856 | $86.83 |
| Q4 2019 | -5,021 | Reduce 0.88% | 563,780 | $111.89 |
| Q3 2019 | -126,356 | Reduce 18.18% | 568,801 | $105.71 |
| Q2 2019 | +27,511 | Add 4.12% | 695,157 | $94.86 |
| Q1 2019 | +16,912 | Add 2.60% | 667,646 | $98.43 |
| Q4 2018 | +347,277 | Add 114.44% | 650,734 | $83.46 |
| Q3 2018 | +36,413 | Add 13.64% | 303,457 | $109.69 |
| Q2 2018 | +167,121 | Add 167.25% | 267,044 | $111.79 |
| Q1 2018 | +64,739 | Add 184.00% | 99,923 | $112.70 |
| Q4 2017 | -235,158 | Reduce 86.99% | 35,184 | $120.54 |
| Q3 2017 | -229,859 | Reduce 45.95% | 270,342 | $114.68 |
| Q2 2017 | -303,734 | Reduce 37.78% | 500,201 | $111.39 |
| Q1 2017 | +104,508 | Add 14.94% | 803,935 | $91.62 |
| Q4 2016 | -7,881 | Reduce 1.11% | 699,427 | $84.82 |
| Q3 2016 | +156,490 | Add 28.41% | 707,308 | $81.26 |
| Q2 2016 | +200,223 | Add 57.11% | 550,818 | $66.93 |
| Q1 2016 | -144,884 | Reduce 29.24% | 350,595 | $60.40 |
| Q4 2015 | -53,773 | Reduce 9.79% | 495,479 | $63.05 |
| Q3 2015 | +79,863 | Add 17.01% | 549,252 | $60.16 |
| Q2 2015 | +212,202 | Add 82.51% | 469,389 | $62.49 |
| Q1 2015 | +99,260 | Add 62.85% | 257,187 | $78.19 |
| Q4 2014 | -19,632 | Reduce 11.06% | 157,927 | $78.05 |
| Q3 2014 | -125,954 | Reduce 41.50% | 177,559 | $63.82 |
| Q2 2014 | -34,600 | Reduce 10.23% | 303,513 | $71.49 |
| Q1 2014 | +32,900 | Add 10.78% | 338,113 | $70.37 |
| Q4 2013 | +43,300 | Add 16.53% | 305,213 | $63.28 |
| Q3 2013 | +22,780 | Add 9.53% | 261,913 | $57.09 |
| Q2 2013 | +239,133 | Add 0.00% | 239,133 | $48.96 |
| Q4 2012 | +103,433 | Add 0.00% | 103,433 | $38.47 |
Cliff Asness's Packaging Corporation of America Investment FAQs
Cliff Asness first purchased Packaging Corporation of America (PKG) in Q4 2012, acquiring 103,433 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 Packaging Corporation of America (PKG) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Packaging Corporation of America (PKG) was in Q4 2018, adding 650,734 shares worth $54.31 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 850,417 shares of Packaging Corporation of America (PKG), valued at approximately $175.38 M.
As of the Q4 2025 filing, Packaging Corporation of America (PKG) 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 Packaging Corporation of America (PKG) was 1,143,015 shares, as reported at the end of Q3 2025.