Cliff Asness's TREX Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.6 M shares of Trex Company, Inc. (TREX) worth $81.5 M, representing 0.05% 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 TREX, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 1.59 M shares. Largest reduction occurred in Q2 2013, reducing 909,560 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Trex Company (TREX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Trex Company (TREX) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +1.16 M | Add 0.00% | 1.16 M | $4.65 |
| Q2 2013 | +250,440 | Add 0.00% | 250,432 | $5.94 |
| Q3 2013 | -64,000 | Reduce 25.56% | 186,432 | $6.19 |
| Q4 2013 | -28,800 | Reduce 15.45% | 157,632 | $9.94 |
| Q1 2014 | -24,800 | Reduce 15.73% | 132,832 | $9.15 |
| Q2 2014 | -36,412 | Reduce 27.41% | 96,420 | $7.21 |
| Q4 2014 | -19,212 | Reduce 19.93% | 77,208 | $10.65 |
| Q1 2015 | +3,600 | Add 4.66% | 80,808 | $13.64 |
| Q2 2015 | +23,268 | Add 28.79% | 104,076 | $12.36 |
| Q3 2015 | -8,316 | Reduce 7.99% | 95,760 | $8.33 |
| Q4 2015 | -95,760 | Sold Out | 95,760 | $0.00 |
| Q3 2016 | +39,364 | New Buy | 39,364 | $14.68 |
| Q4 2016 | +71,120 | Add 180.67% | 110,484 | $16.10 |
| Q1 2017 | +4,156 | Add 3.76% | 114,640 | $17.35 |
| Q3 2017 | -11,244 | Reduce 9.81% | 103,396 | $22.52 |
| Q4 2017 | -55,164 | Reduce 53.35% | 48,232 | $27.10 |
| Q1 2018 | +972 | Add 2.02% | 49,204 | $27.19 |
| Q2 2018 | -312 | Reduce 0.63% | 48,892 | $31.29 |
| Q3 2018 | +19,766 | Add 40.43% | 68,658 | $38.50 |
| Q4 2018 | -33,240 | Reduce 48.41% | 35,418 | $29.67 |
| Q1 2019 | -5,776 | Reduce 16.31% | 29,642 | $30.77 |
| Q2 2019 | +144 | Add 0.49% | 29,786 | $35.82 |
| Q3 2019 | +2,656 | Add 8.92% | 32,442 | $44.94 |
| Q4 2019 | +2,918 | Add 8.99% | 35,360 | $44.94 |
| Q1 2020 | +13,144 | Add 37.17% | 48,504 | $40.08 |
| Q2 2020 | -13,570 | Reduce 27.98% | 34,934 | $65.04 |
| Q3 2020 | -11,373 | Reduce 32.56% | 23,561 | $70.41 |
| Q4 2020 | +2,395 | Add 10.17% | 25,956 | $82.25 |
| Q1 2021 | -8,107 | Reduce 31.23% | 17,849 | $91.55 |
| Q4 2021 | +1,138 | Add 6.38% | 18,987 | $132.78 |
| Q1 2022 | -6,996 | Reduce 36.85% | 11,991 | $65.30 |
| Q2 2022 | +27,518 | Add 229.49% | 39,509 | $53.18 |
| Q3 2022 | +28,827 | Add 72.96% | 68,336 | $43.94 |
| Q4 2022 | -34,320 | Reduce 50.22% | 34,016 | $42.29 |
| Q1 2023 | -28,637 | Reduce 84.19% | 5,379 | $47.05 |
| Q2 2023 | -48 | Reduce 0.89% | 5,331 | $65.33 |
| Q3 2023 | +120 | Add 2.25% | 5,451 | $61.63 |
| Q4 2023 | +1,843 | Add 33.81% | 7,294 | $82.79 |
| Q1 2024 | +361 | Add 4.95% | 7,655 | $99.75 |
| Q2 2024 | +108 | Add 1.41% | 7,763 | $74.12 |
| Q3 2024 | -4,680 | Reduce 60.29% | 3,083 | $66.58 |
| Q4 2024 | +2,382 | Add 77.26% | 5,465 | $69.03 |
| Q1 2025 | +177 | Add 3.24% | 5,642 | $56.69 |
| Q2 2025 | +3,411 | Add 60.46% | 9,053 | $54.38 |
| Q3 2025 | +1.59 M | Add 17551.62% | 1.6 M | $51.00 |
Cliff Asness's Trex Company Investment FAQs
Cliff Asness first purchased Trex Company, Inc. (TREX) in Q4 2012, acquiring 1,159,992 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 Trex Company, Inc. (TREX) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Trex Company, Inc. (TREX) was in Q3 2025, adding 1,598,001 shares worth $81.5 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,598,001 shares of Trex Company, Inc. (TREX), valued at approximately $81.5 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Trex Company, Inc. (TREX) represents approximately 0.05% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Trex Company, Inc. (TREX) was 1,598,001 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.