Cliff Asness's QUAD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 207,075 shares of Quad/Graphics, Inc. (QUAD) worth $1.3 M, representing 0.00% 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 QUAD, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2025, adding 370,770 shares. Largest reduction occurred in Q3 2025, reducing 198,197 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Quad/Graphics (QUAD) Holding Value Over Time
Track share changes against reported price movement
Quarterly Quad/Graphics (QUAD) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +18,501 | Add 0.00% | 18,500 | $20.38 |
| Q2 2013 | +22,445 | Add 0.00% | 22,444 | $24.10 |
| Q3 2013 | -24 | Reduce 0.11% | 22,420 | $30.37 |
| Q4 2013 | +8,528 | Add 38.04% | 30,948 | $27.24 |
| Q1 2014 | -20,000 | Reduce 64.62% | 10,948 | $23.47 |
| Q2 2014 | -10,948 | Sold Out | 10,948 | $0.00 |
| Q2 2015 | +25,741 | New Buy | 25,741 | $18.49 |
| Q3 2015 | +4,557 | Add 17.70% | 30,298 | $12.11 |
| Q4 2015 | +16,233 | Add 53.58% | 46,531 | $9.31 |
| Q1 2016 | -559 | Reduce 1.20% | 45,972 | $12.94 |
| Q2 2016 | +155,857 | Add 339.03% | 201,829 | $23.29 |
| Q3 2016 | +209,720 | Add 103.91% | 411,549 | $26.72 |
| Q4 2016 | -130,304 | Reduce 31.66% | 281,245 | $26.88 |
| Q1 2017 | -31,147 | Reduce 11.07% | 250,098 | $25.24 |
| Q2 2017 | -109,782 | Reduce 43.90% | 140,316 | $22.92 |
| Q3 2017 | -63,060 | Reduce 44.94% | 77,256 | $22.61 |
| Q4 2017 | -44,685 | Reduce 57.84% | 32,571 | $22.60 |
| Q1 2018 | -4,979 | Reduce 15.29% | 27,592 | $25.33 |
| Q2 2018 | +12,267 | Add 44.46% | 39,859 | $20.82 |
| Q3 2018 | +83,149 | Add 208.61% | 123,008 | $20.84 |
| Q4 2018 | +51,124 | Add 41.56% | 174,132 | $12.32 |
| Q1 2019 | -108,473 | Reduce 62.29% | 65,659 | $11.89 |
| Q2 2019 | -65,659 | Sold Out | 65,659 | $0.00 |
| Q1 2020 | +31,021 | New Buy | 31,021 | $2.51 |
| Q2 2020 | +130,110 | Add 419.43% | 161,131 | $3.25 |
| Q3 2020 | -70,441 | Reduce 43.72% | 90,690 | $3.03 |
| Q4 2020 | -77,474 | Reduce 85.43% | 13,216 | $3.78 |
| Q1 2021 | -13,216 | Sold Out | 13,216 | $0.00 |
| Q2 2022 | +72,275 | New Buy | 72,275 | $2.75 |
| Q3 2022 | +180,860 | Add 250.24% | 253,135 | $2.56 |
| Q4 2022 | -141,762 | Reduce 56.00% | 111,373 | $4.08 |
| Q1 2023 | -111,373 | Sold Out | 111,373 | $0.00 |
| Q3 2023 | +12,699 | New Buy | 12,699 | $5.03 |
| Q4 2023 | +1,389 | Add 10.94% | 14,088 | $5.42 |
| Q1 2024 | +581 | Add 4.12% | 14,669 | $5.31 |
| Q2 2024 | -14,669 | Sold Out | 14,669 | $0.00 |
| Q1 2025 | +385,439 | New Buy | 385,439 | $5.45 |
| Q2 2025 | +19,833 | Add 5.15% | 405,272 | $5.65 |
| Q3 2025 | -198,197 | Reduce 48.90% | 207,075 | $6.26 |
Cliff Asness's Quad/Graphics Investment FAQs
Cliff Asness first purchased Quad/Graphics, Inc. (QUAD) in Q4 2012, acquiring 18,500 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 Quad/Graphics, Inc. (QUAD) 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 Quad/Graphics, Inc. (QUAD) was in Q1 2025, adding 385,439 shares worth $2.1 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 207,075 shares of Quad/Graphics, Inc. (QUAD), valued at approximately $1.3 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Quad/Graphics, Inc. (QUAD) represents approximately 0.00% 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 Quad/Graphics, Inc. (QUAD) was 411,549 shares, as reported at the end of Q3 2016. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.