Cliff Asness's TCBI Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.23 M shares of Texas Capital Bancshares, Inc. (TCBI) worth $202.33 M, representing 0.11% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 43 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in TCBI, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2025, adding 657,630 shares. Largest reduction occurred in Q3 2022, reducing 419,868 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Texas Capital Bancshares (TCBI) Holding Value Over Time
Track share changes against reported price movement
Quarterly Texas Capital Bancshares (TCBI) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +315,484 | Add 16.44% | 2.23 M | $90.54 |
| Q3 2025 | +384,748 | Add 25.07% | 1.92 M | $84.53 |
| Q2 2025 | +101,675 | Add 7.10% | 1.53 M | $79.27 |
| Q1 2025 | +657,630 | Add 84.84% | 1.43 M | $73.56 |
| Q4 2024 | -133,945 | Reduce 14.73% | 775,141 | $78.18 |
| Q3 2024 | -178,629 | Reduce 16.42% | 909,086 | $70.97 |
| Q2 2024 | +506,094 | Add 87.01% | 1.09 M | $59.96 |
| Q1 2024 | +128,157 | Add 28.26% | 581,621 | $61.31 |
| Q4 2023 | +156,321 | Add 52.61% | 453,464 | $64.63 |
| Q3 2023 | +180,743 | Add 155.28% | 297,143 | $58.90 |
| Q2 2023 | -65,719 | Reduce 36.09% | 116,400 | $51.50 |
| Q1 2023 | +68,336 | Add 60.06% | 182,119 | $48.53 |
| Q4 2022 | -51,352 | Reduce 31.10% | 113,783 | $60.31 |
| Q3 2022 | -419,868 | Reduce 71.77% | 165,135 | $59.03 |
| Q2 2022 | +168,144 | Add 40.34% | 585,003 | $51.68 |
| Q1 2022 | +135,605 | Add 48.21% | 416,859 | $57.31 |
| Q4 2021 | -46,470 | Reduce 14.18% | 281,254 | $60.25 |
| Q3 2021 | +120,390 | Add 58.07% | 327,724 | $60.02 |
| Q2 2021 | +195,715 | Add 1684.44% | 207,334 | $63.31 |
| Q1 2021 | -550 | Reduce 4.52% | 11,619 | $70.92 |
| Q4 2020 | -28,849 | Reduce 70.33% | 12,169 | $58.51 |
| Q3 2020 | -114,215 | Reduce 73.58% | 41,018 | $31.13 |
| Q2 2020 | +4,071 | Add 2.69% | 155,233 | $29.61 |
| Q1 2020 | +151,162 | New Buy | 151,162 | $22.17 |
| Q2 2019 | -123,338 | Sold Out | 0 | $0.00 |
| Q1 2019 | -5,225 | Reduce 4.06% | 123,338 | $54.59 |
| Q4 2018 | +128,563 | New Buy | 128,563 | $51.09 |
| Q1 2018 | -10,477 | Sold Out | 0 | $0.00 |
| Q4 2017 | -39,111 | Reduce 78.87% | 10,477 | $88.86 |
| Q3 2017 | -56,421 | Reduce 53.22% | 49,588 | $85.81 |
| Q2 2017 | -28,759 | Reduce 21.34% | 106,009 | $77.40 |
| Q1 2017 | +44,367 | Add 49.08% | 134,768 | $83.45 |
| Q4 2016 | +23,293 | Add 34.71% | 90,401 | $78.40 |
| Q3 2016 | +46,361 | Add 223.46% | 67,108 | $54.91 |
| Q2 2016 | -23,508 | Reduce 53.12% | 20,747 | $46.75 |
| Q1 2016 | +44,255 | New Buy | 44,255 | $38.39 |
| Q3 2014 | -30,308 | Sold Out | 0 | $0.00 |
| Q2 2014 | +14,200 | Add 88.15% | 30,308 | $53.95 |
| Q1 2014 | +16,108 | New Buy | 16,108 | $64.94 |
| Q3 2013 | -8,746 | Sold Out | 0 | $0.00 |
| Q2 2013 | +8,746 | Add 0.00% | 8,746 | $44.36 |
| Q4 2012 | +16,658 | Add 0.00% | 16,658 | $44.84 |
Cliff Asness's Texas Capital Bancshares Investment FAQs
Cliff Asness first purchased Texas Capital Bancshares, Inc. (TCBI) in Q4 2012, acquiring 16,658 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 Texas Capital Bancshares, Inc. (TCBI) for 43 quarters since Q4 2012.
Cliff Asness's largest addition to Texas Capital Bancshares, Inc. (TCBI) was in Q1 2025, adding 1,432,771 shares worth $105.39 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,234,678 shares of Texas Capital Bancshares, Inc. (TCBI), valued at approximately $202.33 M.
As of the Q4 2025 filing, Texas Capital Bancshares, Inc. (TCBI) represents approximately 0.11% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Texas Capital Bancshares, Inc. (TCBI) was 2,234,678 shares, as reported at the end of Q4 2025.