Cliff Asness's QUAD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 120,223 shares of Quad/Graphics, Inc. (QUAD) worth $753,797, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 41 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 385,439 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -86,852 | Reduce 41.94% | 120,223 | $6.27 |
| Q3 2025 | -198,197 | Reduce 48.90% | 207,075 | $6.26 |
| Q2 2025 | +19,833 | Add 5.15% | 405,272 | $5.65 |
| Q1 2025 | +385,439 | New Buy | 385,439 | $5.45 |
| Q2 2024 | -14,669 | Sold Out | 0 | $0.00 |
| Q1 2024 | +581 | Add 4.12% | 14,669 | $5.31 |
| Q4 2023 | +1,389 | Add 10.94% | 14,088 | $5.42 |
| Q3 2023 | +12,699 | New Buy | 12,699 | $5.03 |
| Q1 2023 | -111,373 | Sold Out | 0 | $0.00 |
| Q4 2022 | -141,762 | Reduce 56.00% | 111,373 | $4.08 |
| Q3 2022 | +180,860 | Add 250.24% | 253,135 | $2.56 |
| Q2 2022 | +72,275 | New Buy | 72,275 | $2.75 |
| Q1 2021 | -13,216 | Sold Out | 0 | $0.00 |
| Q4 2020 | -77,474 | Reduce 85.43% | 13,216 | $3.78 |
| Q3 2020 | -70,441 | Reduce 43.72% | 90,690 | $3.03 |
| Q2 2020 | +130,110 | Add 419.43% | 161,131 | $3.25 |
| Q1 2020 | +31,021 | New Buy | 31,021 | $2.51 |
| Q2 2019 | -65,659 | Sold Out | 0 | $0.00 |
| Q1 2019 | -108,473 | Reduce 62.29% | 65,659 | $11.89 |
| Q4 2018 | +51,124 | Add 41.56% | 174,132 | $12.32 |
| Q3 2018 | +83,149 | Add 208.61% | 123,008 | $20.84 |
| Q2 2018 | +12,267 | Add 44.46% | 39,859 | $20.82 |
| Q1 2018 | -4,979 | Reduce 15.29% | 27,592 | $25.33 |
| Q4 2017 | -44,685 | Reduce 57.84% | 32,571 | $22.60 |
| Q3 2017 | -63,060 | Reduce 44.94% | 77,256 | $22.61 |
| Q2 2017 | -109,782 | Reduce 43.90% | 140,316 | $22.92 |
| Q1 2017 | -31,147 | Reduce 11.07% | 250,098 | $25.24 |
| Q4 2016 | -130,304 | Reduce 31.66% | 281,245 | $26.88 |
| Q3 2016 | +209,720 | Add 103.91% | 411,549 | $26.72 |
| Q2 2016 | +155,857 | Add 339.03% | 201,829 | $23.29 |
| Q1 2016 | -559 | Reduce 1.20% | 45,972 | $12.94 |
| Q4 2015 | +16,233 | Add 53.58% | 46,531 | $9.31 |
| Q3 2015 | +4,557 | Add 17.70% | 30,298 | $12.11 |
| Q2 2015 | +25,741 | New Buy | 25,741 | $18.49 |
| Q2 2014 | -10,948 | Sold Out | 0 | $0.00 |
| Q1 2014 | -20,000 | Reduce 64.62% | 10,948 | $23.47 |
| Q4 2013 | +8,528 | Add 38.04% | 30,948 | $27.24 |
| Q3 2013 | -24 | Reduce 0.11% | 22,420 | $30.37 |
| Q2 2013 | +22,444 | Add 0.00% | 22,444 | $24.10 |
| Q4 2012 | +18,500 | Add 0.00% | 18,500 | $20.38 |
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 41 quarters since Q4 2012.
Cliff Asness's largest addition to Quad/Graphics, Inc. (QUAD) was in Q1 2025, adding 385,439 shares worth $2.1 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 120,223 shares of Quad/Graphics, Inc. (QUAD), valued at approximately $753,797.
As of the Q4 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.
Cliff Asness's peak holding in Quad/Graphics, Inc. (QUAD) was 411,549 shares, as reported at the end of Q3 2016.