Cliff Asness's UPS Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5.2 M shares of United Parcel Service, Inc. (UPS) worth $515.8 M, representing 0.27% 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 UPS, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2025, adding 3.31 M shares. Largest reduction occurred in Q2 2017, reducing 494,297 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's United Parcel Service (UPS) Holding Value Over Time
Track share changes against reported price movement
Quarterly United Parcel Service (UPS) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +3.31 M | Add 175.73% | 5.2 M | $99.19 |
| Q3 2025 | -414,112 | Reduce 18.00% | 1.89 M | $83.53 |
| Q2 2025 | +1.12 M | Add 94.81% | 2.3 M | $100.60 |
| Q1 2025 | +1.01 M | Add 582.00% | 1.18 M | $109.16 |
| Q4 2024 | -192,762 | Reduce 52.68% | 173,124 | $125.46 |
| Q3 2024 | -109,532 | Reduce 23.04% | 365,886 | $135.62 |
| Q2 2024 | +240,554 | Add 102.42% | 475,418 | $136.85 |
| Q1 2024 | +91,334 | Add 63.63% | 234,864 | $147.04 |
| Q4 2023 | -17,308 | Reduce 10.76% | 143,530 | $157.23 |
| Q3 2023 | +49,356 | Add 44.27% | 160,838 | $155.46 |
| Q2 2023 | -23,262 | Reduce 17.26% | 111,482 | $176.35 |
| Q1 2023 | -35,436 | Reduce 20.82% | 134,744 | $191.43 |
| Q4 2022 | -64,252 | Reduce 27.41% | 170,180 | $173.84 |
| Q3 2022 | -34,483 | Reduce 12.82% | 234,432 | $161.54 |
| Q2 2022 | -23,909 | Reduce 8.16% | 268,915 | $178.41 |
| Q1 2022 | -100,144 | Reduce 25.48% | 292,824 | $214.46 |
| Q4 2021 | -191,891 | Reduce 32.81% | 392,968 | $212.08 |
| Q3 2021 | +32,095 | Add 5.81% | 584,859 | $182.10 |
| Q2 2021 | +54,794 | Add 11.00% | 552,764 | $206.52 |
| Q1 2021 | -48,485 | Reduce 8.87% | 497,970 | $168.67 |
| Q4 2020 | +218,035 | Add 66.39% | 546,455 | $166.17 |
| Q3 2020 | +118,780 | Add 56.66% | 328,420 | $166.63 |
| Q2 2020 | +88,482 | Add 73.03% | 209,640 | $109.20 |
| Q1 2020 | +115,099 | Add 1899.64% | 121,158 | $93.42 |
| Q4 2019 | +3,593 | Add 145.70% | 6,059 | $116.52 |
| Q3 2019 | -3,048 | Reduce 55.28% | 2,466 | $119.22 |
| Q2 2019 | -822 | Reduce 12.97% | 5,514 | $102.83 |
| Q1 2019 | -3,661 | Reduce 36.62% | 6,336 | $111.58 |
| Q4 2018 | -15,467 | Reduce 60.74% | 9,997 | $97.53 |
| Q3 2018 | -48,200 | Reduce 65.43% | 25,464 | $116.75 |
| Q2 2018 | +2,557 | Add 3.60% | 73,664 | $106.23 |
| Q1 2018 | -14,408 | Reduce 16.85% | 71,107 | $104.66 |
| Q4 2017 | -6,276 | Reduce 6.84% | 85,515 | $119.15 |
| Q3 2017 | -2,680 | Reduce 2.84% | 91,791 | $120.09 |
| Q2 2017 | -494,297 | Reduce 83.95% | 94,471 | $110.59 |
| Q1 2017 | -155,714 | Reduce 20.92% | 588,768 | $107.30 |
| Q4 2016 | +85,899 | Add 13.04% | 744,482 | $114.64 |
| Q3 2016 | +167,380 | Add 34.08% | 658,583 | $109.36 |
| Q2 2016 | +347,915 | Add 242.81% | 491,203 | $107.72 |
| Q1 2016 | +30,400 | Add 26.93% | 143,288 | $105.47 |
| Q4 2015 | +35,688 | Add 46.23% | 112,888 | $96.23 |
| Q3 2015 | -53,099 | Reduce 40.75% | 77,200 | $98.69 |
| Q2 2015 | -56,874 | Reduce 30.39% | 130,299 | $96.91 |
| Q1 2015 | -80,063 | Reduce 29.96% | 187,173 | $96.94 |
| Q4 2014 | -8,495 | Reduce 3.08% | 267,236 | $111.17 |
| Q3 2014 | -15,108 | Reduce 5.19% | 275,731 | $98.29 |
| Q2 2014 | +2,400 | Add 0.83% | 290,839 | $102.66 |
| Q1 2014 | +6,646 | Add 2.36% | 288,439 | $97.38 |
| Q4 2013 | +65,954 | Add 30.56% | 281,793 | $105.08 |
| Q3 2013 | +44,779 | Add 26.18% | 215,839 | $91.37 |
| Q2 2013 | +171,060 | Add 0.00% | 171,060 | $86.48 |
| Q4 2012 | +147,855 | Add 0.00% | 147,855 | $73.73 |
Cliff Asness's United Parcel Service Investment FAQs
Cliff Asness first purchased United Parcel Service, Inc. (UPS) in Q4 2012, acquiring 147,855 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 United Parcel Service, Inc. (UPS) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to United Parcel Service, Inc. (UPS) was in Q4 2025, adding 5,200,135 shares worth $515.8 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 5,200,135 shares of United Parcel Service, Inc. (UPS), valued at approximately $515.8 M.
As of the Q4 2025 filing, United Parcel Service, Inc. (UPS) represents approximately 0.27% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in United Parcel Service, Inc. (UPS) was 5,200,135 shares, as reported at the end of Q4 2025.