Cliff Asness's SCHW Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.33 M shares of The Charles Schwab Corporation (SCHW) worth $232.39 M, representing 0.12% of the portfolio. First purchased in 2012-Q4, 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 SCHW, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2025, adding 2.06 M shares. Largest reduction occurred in Q4 2025, reducing 757,780 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Charles Schwab Corporation (SCHW) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Charles Schwab Corporation (SCHW) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -757,780 | Reduce 24.57% | 2.33 M | $99.91 |
| Q3 2025 | +533,776 | Add 20.93% | 3.08 M | $95.47 |
| Q2 2025 | +191,643 | Add 8.13% | 2.55 M | $90.85 |
| Q1 2025 | +2.06 M | Add 694.10% | 2.36 M | $77.45 |
| Q4 2024 | +207,263 | Add 231.02% | 296,978 | $74.01 |
| Q3 2024 | -65,844 | Reduce 42.33% | 89,715 | $64.37 |
| Q2 2024 | -101,149 | Reduce 39.40% | 155,559 | $73.69 |
| Q1 2024 | +31,300 | Add 13.89% | 256,708 | $72.00 |
| Q4 2023 | -66,255 | Reduce 22.72% | 225,408 | $68.80 |
| Q3 2023 | -8,185 | Reduce 2.73% | 291,663 | $54.90 |
| Q2 2023 | -114,784 | Reduce 27.68% | 299,848 | $56.68 |
| Q1 2023 | +67,064 | Add 19.30% | 414,632 | $51.16 |
| Q4 2022 | -64,633 | Reduce 15.68% | 347,568 | $82.73 |
| Q3 2022 | -75,457 | Reduce 15.47% | 412,201 | $71.87 |
| Q2 2022 | -220,225 | Reduce 31.11% | 487,658 | $61.29 |
| Q1 2022 | +570,108 | Add 413.80% | 707,883 | $84.31 |
| Q4 2021 | -36,408 | Reduce 20.90% | 137,775 | $84.10 |
| Q3 2021 | +44,637 | Add 34.46% | 174,183 | $72.84 |
| Q2 2021 | -74,805 | Reduce 36.61% | 129,546 | $72.64 |
| Q1 2021 | +113,595 | Add 125.17% | 204,351 | $64.92 |
| Q4 2020 | -11,606 | Reduce 11.34% | 90,756 | $52.44 |
| Q3 2020 | -27,757 | Reduce 21.33% | 102,362 | $36.23 |
| Q2 2020 | +2,342 | Add 1.83% | 130,119 | $32.88 |
| Q1 2020 | +127,777 | New Buy | 127,777 | $33.62 |
| Q2 2019 | -14,455 | Sold Out | 0 | $0.00 |
| Q4 2018 | -93,249 | Reduce 86.58% | 14,455 | $41.51 |
| Q3 2018 | -511 | Reduce 0.47% | 107,704 | $49.15 |
| Q2 2018 | +59,567 | Add 122.44% | 108,215 | $51.10 |
| Q1 2018 | -36,284 | Reduce 42.72% | 48,648 | $52.21 |
| Q4 2017 | -67,098 | Reduce 44.13% | 84,932 | $51.37 |
| Q3 2017 | +798 | Add 0.53% | 152,030 | $43.74 |
| Q2 2017 | +21,098 | Add 16.21% | 151,232 | $42.96 |
| Q1 2017 | +125,077 | Add 2473.34% | 130,134 | $40.81 |
| Q4 2016 | -283,996 | Reduce 98.25% | 5,057 | $39.55 |
| Q3 2016 | -384,465 | Reduce 57.08% | 289,053 | $31.57 |
| Q2 2016 | +304,936 | Add 82.73% | 673,518 | $25.31 |
| Q1 2016 | +22,868 | Add 6.61% | 368,582 | $28.02 |
| Q4 2015 | +302,123 | Add 693.09% | 345,714 | $32.93 |
| Q3 2015 | +26,279 | Add 151.80% | 43,591 | $28.56 |
| Q2 2015 | +29 | Add 0.17% | 17,312 | $32.64 |
| Q1 2015 | -72,400 | Reduce 80.73% | 17,283 | $30.43 |
| Q4 2014 | -28,949 | Reduce 24.40% | 89,683 | $30.20 |
| Q3 2014 | -74,500 | Reduce 38.57% | 118,632 | $29.39 |
| Q2 2014 | -74,000 | Reduce 27.70% | 193,132 | $26.93 |
| Q1 2014 | +54,900 | Add 25.87% | 267,132 | $27.33 |
| Q4 2013 | +31,266 | Add 17.28% | 212,232 | $26.00 |
| Q3 2013 | +93,319 | Add 106.47% | 180,966 | $21.14 |
| Q2 2013 | +87,647 | Add 0.00% | 87,647 | $21.23 |
| Q4 2012 | +40,500 | Add 0.00% | 40,500 | $14.37 |
Cliff Asness's The Charles Schwab Corporation Investment FAQs
Cliff Asness first purchased The Charles Schwab Corporation (SCHW) in Q4 2012, acquiring 40,500 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 The Charles Schwab Corporation (SCHW) for 51 quarters since Q4 2012.
Cliff Asness's largest addition to The Charles Schwab Corporation (SCHW) was in Q1 2025, adding 2,358,310 shares worth $182.65 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,325,949 shares of The Charles Schwab Corporation (SCHW), valued at approximately $232.39 M.
As of the Q4 2025 filing, The Charles Schwab Corporation (SCHW) represents approximately 0.12% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The Charles Schwab Corporation (SCHW) was 3,083,729 shares, as reported at the end of Q3 2025.