Cliff Asness's UGI Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 897,948 shares of UGI Corporation (UGI) worth $33.61 M, representing 0.02% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in UGI, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2016, adding 1.51 M shares. Largest reduction occurred in Q1 2023, reducing 1.11 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's UGI Corporation (UGI) Holding Value Over Time
Track share changes against reported price movement
Quarterly UGI Corporation (UGI) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -9,980 | Reduce 1.10% | 897,948 | $37.43 |
| Q3 2025 | -613,391 | Reduce 40.32% | 907,928 | $33.17 |
| Q2 2025 | -131,937 | Reduce 7.98% | 1.52 M | $36.16 |
| Q1 2025 | -764,151 | Reduce 31.61% | 1.65 M | $33.03 |
| Q4 2024 | -374,675 | Reduce 13.42% | 2.42 M | $28.20 |
| Q3 2024 | +766,625 | Add 37.85% | 2.79 M | $25.00 |
| Q2 2024 | +1.07 M | Add 112.66% | 2.03 M | $22.90 |
| Q1 2024 | +240,321 | Add 33.75% | 952,444 | $24.25 |
| Q4 2023 | +160,201 | Add 29.03% | 712,123 | $24.60 |
| Q3 2023 | +283,592 | Add 105.69% | 551,922 | $23.00 |
| Q2 2023 | -409,645 | Reduce 60.42% | 268,330 | $26.93 |
| Q1 2023 | -1.11 M | Reduce 62.06% | 677,975 | $34.10 |
| Q4 2022 | -132,710 | Reduce 6.91% | 1.79 M | $37.07 |
| Q3 2022 | +187,522 | Add 10.82% | 1.92 M | $32.33 |
| Q2 2022 | +115,265 | Add 7.13% | 1.73 M | $38.47 |
| Q1 2022 | +638,656 | Add 65.27% | 1.62 M | $36.22 |
| Q4 2021 | +347,660 | Add 55.12% | 978,441 | $45.91 |
| Q3 2021 | -795 | Reduce 0.13% | 630,781 | $42.62 |
| Q2 2021 | -23,978 | Reduce 3.66% | 631,576 | $46.31 |
| Q1 2021 | +374,522 | Add 133.27% | 655,554 | $41.01 |
| Q4 2020 | -132,034 | Reduce 31.96% | 281,032 | $34.83 |
| Q3 2020 | -71,633 | Reduce 14.78% | 413,066 | $32.81 |
| Q2 2020 | +18,686 | Add 4.01% | 484,699 | $31.42 |
| Q1 2020 | -44,820 | Reduce 8.77% | 466,013 | $26.67 |
| Q4 2019 | -565,195 | Reduce 52.53% | 510,833 | $45.03 |
| Q3 2019 | -517,159 | Reduce 32.46% | 1.08 M | $50.27 |
| Q2 2019 | -638,050 | Reduce 28.60% | 1.59 M | $53.01 |
| Q1 2019 | +409,868 | Add 22.50% | 2.23 M | $55.42 |
| Q4 2018 | +296,242 | Add 19.42% | 1.82 M | $53.35 |
| Q3 2018 | -338,201 | Reduce 18.15% | 1.53 M | $55.48 |
| Q2 2018 | -109,582 | Reduce 5.55% | 1.86 M | $52.07 |
| Q1 2018 | -1.05 M | Reduce 34.66% | 1.97 M | $44.42 |
| Q4 2017 | -666,647 | Reduce 18.09% | 3.02 M | $46.95 |
| Q3 2017 | -355,138 | Reduce 8.79% | 3.69 M | $46.87 |
| Q2 2017 | -206,110 | Reduce 4.85% | 4.04 M | $48.41 |
| Q1 2017 | +91,005 | Add 2.19% | 4.25 M | $49.40 |
| Q4 2016 | +1.51 M | Add 57.29% | 4.16 M | $46.08 |
| Q3 2016 | +1.29 M | Add 95.44% | 2.64 M | $45.24 |
| Q2 2016 | +303,353 | Add 28.93% | 1.35 M | $45.25 |
| Q1 2016 | +268,943 | Add 34.49% | 1.05 M | $40.29 |
| Q4 2015 | +56,979 | Add 7.88% | 779,761 | $33.76 |
| Q3 2015 | +10,923 | Add 1.53% | 722,782 | $34.82 |
| Q2 2015 | +77,649 | Add 12.24% | 711,859 | $34.45 |
| Q1 2015 | +227,990 | Add 56.12% | 634,210 | $32.59 |
| Q4 2014 | +86,956 | Add 27.24% | 406,220 | $37.98 |
| Q3 2014 | +45,480 | Add 16.61% | 319,264 | $34.09 |
| Q2 2014 | -600 | Reduce 0.22% | 273,784 | $33.67 |
| Q1 2014 | +22,200 | Add 8.80% | 274,384 | $30.41 |
| Q4 2013 | +30,600 | Add 13.81% | 252,184 | $27.64 |
| Q3 2013 | +62,551 | Add 39.33% | 221,584 | $26.08 |
| Q2 2013 | +159,033 | Add 0.00% | 159,033 | $26.08 |
| Q4 2012 | +128,940 | Add 0.00% | 128,940 | $21.81 |
Cliff Asness's UGI Corporation Investment FAQs
Cliff Asness first purchased UGI Corporation (UGI) in Q4 2012, acquiring 128,940 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 UGI Corporation (UGI) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to UGI Corporation (UGI) was in Q4 2016, adding 4,156,354 shares worth $191.52 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 897,948 shares of UGI Corporation (UGI), valued at approximately $33.61 M.
As of the Q4 2025 filing, UGI Corporation (UGI) represents approximately 0.02% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in UGI Corporation (UGI) was 4,247,359 shares, as reported at the end of Q1 2017.