Cliff Asness's TOL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.77 M shares of Toll Brothers, Inc. (TOL) worth $238.02 M, representing 0.11% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 54 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in TOL, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2019, adding 1.43 M shares. Largest reduction occurred in Q1 2020, reducing 2.21 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Toll Brothers (TOL) Holding Value Over Time
Track share changes against reported price movement
Quarterly Toll Brothers (TOL) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -434,499 | Reduce 19.74% | 1.77 M | $134.74 |
| Q4 2025 | -282,353 | Reduce 11.37% | 2.2 M | $135.22 |
| Q3 2025 | -124,654 | Reduce 4.78% | 2.48 M | $138.14 |
| Q2 2025 | +1.18 M | Add 83.06% | 2.61 M | $114.13 |
| Q1 2025 | +208,064 | Add 17.10% | 1.42 M | $102.88 |
| Q4 2024 | +239,917 | Add 24.56% | 1.22 M | $125.95 |
| Q3 2024 | -233,615 | Reduce 19.30% | 976,708 | $152.29 |
| Q2 2024 | -267,592 | Reduce 18.11% | 1.21 M | $115.18 |
| Q1 2024 | -631,519 | Reduce 29.94% | 1.48 M | $129.37 |
| Q4 2023 | -357,902 | Reduce 14.51% | 2.11 M | $102.79 |
| Q3 2023 | +139,004 | Add 5.97% | 2.47 M | $73.96 |
| Q2 2023 | -254,289 | Reduce 9.85% | 2.33 M | $78.54 |
| Q1 2023 | +803,448 | Add 45.16% | 2.58 M | $59.33 |
| Q4 2022 | +282,656 | Add 18.89% | 1.78 M | $49.92 |
| Q3 2022 | -90,142 | Reduce 5.68% | 1.5 M | $41.91 |
| Q2 2022 | +432,463 | Add 37.47% | 1.59 M | $43.39 |
| Q1 2022 | +734,015 | Add 174.69% | 1.15 M | $47.02 |
| Q4 2021 | -97,290 | Reduce 18.80% | 420,181 | $71.80 |
| Q3 2021 | -36,203 | Reduce 6.54% | 517,471 | $55.29 |
| Q2 2021 | +478,924 | Add 640.70% | 553,674 | $57.54 |
| Q1 2021 | +57,131 | Add 324.26% | 74,750 | $56.74 |
| Q4 2020 | +9,414 | Add 114.73% | 17,619 | $43.48 |
| Q3 2020 | -13,308 | Reduce 61.86% | 8,205 | $48.14 |
| Q2 2020 | -909,249 | Reduce 97.69% | 21,513 | $31.56 |
| Q1 2020 | -2.21 M | Reduce 70.40% | 930,762 | $19.25 |
| Q4 2019 | +156,319 | Add 5.23% | 3.14 M | $39.51 |
| Q3 2019 | +980,919 | Add 48.86% | 2.99 M | $40.35 |
| Q2 2019 | +122,093 | Add 6.48% | 2.01 M | $36.62 |
| Q1 2019 | +1.43 M | Add 314.12% | 1.89 M | $36.20 |
| Q4 2018 | -371,503 | Reduce 44.93% | 455,304 | $32.93 |
| Q3 2018 | -1.31 M | Reduce 61.32% | 826,807 | $33.03 |
| Q2 2018 | +800,342 | Add 59.86% | 2.14 M | $36.99 |
| Q1 2018 | +419,339 | Add 45.69% | 1.34 M | $43.25 |
| Q4 2017 | -723,188 | Reduce 44.07% | 917,786 | $48.02 |
| Q3 2017 | +358,162 | Add 27.92% | 1.64 M | $41.47 |
| Q2 2017 | +495,692 | Add 62.98% | 1.28 M | $39.51 |
| Q1 2017 | +478,155 | Add 154.76% | 787,120 | $36.11 |
| Q4 2016 | -69,562 | Reduce 18.38% | 308,965 | $31.00 |
| Q3 2016 | +208,845 | Add 123.08% | 378,527 | $29.86 |
| Q2 2016 | -260,214 | Reduce 60.53% | 169,682 | $26.92 |
| Q1 2016 | -777,852 | Reduce 64.41% | 429,896 | $29.51 |
| Q4 2015 | +356,476 | Add 41.88% | 1.21 M | $33.30 |
| Q3 2015 | +299,595 | Add 54.31% | 851,272 | $34.24 |
| Q2 2015 | +544,677 | Add 7781.10% | 551,677 | $38.19 |
| Q4 2014 | +7,000 | New Buy | 7,000 | $34.29 |
| Q3 2014 | -24,766 | Sold Out | 0 | $0.00 |
| Q2 2014 | +4,300 | Add 21.01% | 24,766 | $36.91 |
| Q1 2014 | -9,000 | Reduce 30.54% | 20,466 | $35.91 |
| Q4 2013 | -14,100 | Reduce 32.36% | 29,466 | $36.99 |
| Q3 2013 | -40,400 | Reduce 48.11% | 43,566 | $32.43 |
| Q2 2013 | +83,966 | Add 0.00% | 83,966 | $32.63 |
| Q4 2012 | +86,800 | Add 0.00% | 86,800 | $32.33 |
Cliff Asness's Toll Brothers Investment FAQs
Cliff Asness first purchased Toll Brothers, Inc. (TOL) in Q4 2012, acquiring 86,800 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 Toll Brothers, Inc. (TOL) for 54 quarters since Q4 2012.
Cliff Asness's largest addition to Toll Brothers, Inc. (TOL) was in Q1 2019, adding 1,885,495 shares worth $68.26 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,766,487 shares of Toll Brothers, Inc. (TOL), valued at approximately $238.02 M.
As of the Q1 2026 filing, Toll Brothers, Inc. (TOL) 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 Toll Brothers, Inc. (TOL) was 3,144,826 shares, as reported at the end of Q4 2019.