Cliff Asness's SM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 489,073 shares of SM Energy Company (SM) worth $9.15 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 SM, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2018, adding 1.27 M shares. Largest reduction occurred in Q3 2019, reducing 2.28 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's SM Energy Company (SM) Holding Value Over Time
Track share changes against reported price movement
Quarterly SM Energy Company (SM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +245,422 | Add 100.73% | 489,073 | $18.70 |
| Q3 2025 | +71,090 | Add 41.20% | 243,651 | $24.97 |
| Q2 2025 | +26,639 | Add 18.26% | 172,561 | $24.71 |
| Q1 2025 | +44,542 | Add 43.94% | 145,922 | $29.95 |
| Q4 2024 | -30,368 | Reduce 23.05% | 101,380 | $38.76 |
| Q3 2024 | +70,923 | Add 116.60% | 131,748 | $39.97 |
| Q2 2024 | -3,410 | Reduce 5.31% | 60,825 | $43.23 |
| Q1 2024 | -18,078 | Reduce 21.96% | 64,235 | $49.85 |
| Q4 2023 | -62,540 | Reduce 43.17% | 82,313 | $38.72 |
| Q3 2023 | -81,378 | Reduce 35.97% | 144,853 | $39.65 |
| Q2 2023 | -72,748 | Reduce 24.33% | 226,231 | $31.63 |
| Q1 2023 | +51,566 | Add 20.84% | 298,979 | $28.16 |
| Q4 2022 | +67,546 | Add 37.55% | 247,413 | $34.83 |
| Q3 2022 | +59,702 | Add 49.68% | 179,867 | $37.61 |
| Q2 2022 | +2,574 | Add 2.19% | 120,165 | $34.19 |
| Q1 2022 | -4,495 | Reduce 3.68% | 117,591 | $38.95 |
| Q4 2021 | -18,724 | Reduce 13.30% | 122,086 | $29.48 |
| Q3 2021 | +26,036 | Add 22.68% | 140,810 | $26.38 |
| Q2 2021 | -23,857 | Reduce 17.21% | 114,774 | $24.63 |
| Q1 2021 | +96,196 | Add 226.69% | 138,631 | $16.37 |
| Q4 2020 | -112,200 | Reduce 72.56% | 42,435 | $6.13 |
| Q3 2020 | +120,853 | Add 357.74% | 154,635 | $1.59 |
| Q2 2020 | -6,020 | Reduce 15.12% | 33,782 | $3.76 |
| Q1 2020 | +39,802 | New Buy | 39,802 | $1.23 |
| Q3 2019 | -2.28 M | Sold Out | 0 | $0.00 |
| Q2 2019 | -768,049 | Reduce 25.24% | 2.28 M | $12.37 |
| Q1 2019 | +868,266 | Add 39.92% | 3.04 M | $17.49 |
| Q4 2018 | +1.27 M | Add 141.15% | 2.18 M | $15.48 |
| Q3 2018 | +772,689 | Add 597.71% | 901,963 | $31.53 |
| Q2 2018 | -310,104 | Reduce 70.58% | 129,274 | $26.56 |
| Q1 2018 | -1.6 M | Reduce 78.45% | 439,378 | $18.03 |
| Q4 2017 | +758,369 | Add 59.21% | 2.04 M | $22.08 |
| Q3 2017 | +554,092 | Add 76.24% | 1.28 M | $17.74 |
| Q2 2017 | +645,230 | Add 791.46% | 726,754 | $16.53 |
| Q1 2017 | +3,269 | Add 4.18% | 81,524 | $24.02 |
| Q4 2016 | +78,255 | New Buy | 78,255 | $34.49 |
| Q3 2016 | -687,032 | Sold Out | 0 | $0.00 |
| Q2 2016 | -527,302 | Reduce 43.42% | 687,032 | $27.00 |
| Q1 2016 | +561,148 | Add 85.91% | 1.21 M | $18.74 |
| Q4 2015 | +336,131 | Add 106.02% | 653,186 | $19.66 |
| Q3 2015 | -626,312 | Reduce 66.39% | 317,055 | $32.04 |
| Q2 2015 | +146,710 | Add 18.42% | 943,367 | $46.12 |
| Q1 2015 | +282,300 | Add 54.88% | 796,657 | $51.68 |
| Q4 2014 | +153,457 | Add 42.52% | 514,357 | $38.58 |
| Q3 2014 | -3,056 | Reduce 0.84% | 360,900 | $78.00 |
| Q2 2014 | +160,800 | Add 79.15% | 363,956 | $84.10 |
| Q1 2014 | -6,872 | Reduce 3.27% | 203,156 | $71.29 |
| Q4 2013 | +76,290 | Add 57.04% | 210,028 | $83.11 |
| Q3 2013 | +15,912 | Add 13.50% | 133,738 | $77.19 |
| Q2 2013 | +117,826 | Add 0.00% | 117,826 | $59.98 |
| Q4 2012 | +89,646 | Add 0.00% | 89,646 | $52.21 |
Cliff Asness's SM Energy Company Investment FAQs
Cliff Asness first purchased SM Energy Company (SM) in Q4 2012, acquiring 89,646 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 SM Energy Company (SM) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to SM Energy Company (SM) was in Q4 2018, adding 2,175,114 shares worth $33.67 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 489,073 shares of SM Energy Company (SM), valued at approximately $9.15 M.
As of the Q4 2025 filing, SM Energy Company (SM) 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 SM Energy Company (SM) was 3,043,380 shares, as reported at the end of Q1 2019.