Cliff Asness's VALE Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.03 M shares of Vale S.A. (VALE) worth $11.17 M, representing 0.01% 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 VALE, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2018, adding 9.73 M shares. Largest reduction occurred in Q1 2019, reducing 7.89 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Vale (VALE) Holding Value Over Time
Track share changes against reported price movement
Quarterly Vale (VALE) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +149,501 | Add 0.00% | 149,500 | $20.96 |
| Q2 2013 | +172,401 | Add 0.00% | 172,400 | $13.15 |
| Q3 2013 | +10,600 | Add 6.15% | 183,000 | $15.61 |
| Q4 2013 | +204,853 | Add 111.94% | 387,853 | $15.25 |
| Q1 2014 | -188,200 | Reduce 48.52% | 199,653 | $13.83 |
| Q2 2014 | -6,753 | Reduce 3.38% | 192,900 | $13.23 |
| Q3 2014 | +14,800 | Add 7.67% | 207,700 | $11.01 |
| Q4 2014 | -107,200 | Reduce 51.61% | 100,500 | $8.18 |
| Q1 2015 | +58,500 | Add 58.21% | 159,000 | $5.65 |
| Q2 2015 | -9,000 | Reduce 5.66% | 150,000 | $5.89 |
| Q3 2015 | -32,904 | Reduce 21.94% | 117,096 | $4.20 |
| Q4 2015 | +8,736 | Add 7.46% | 125,832 | $3.29 |
| Q1 2016 | -9,608 | Reduce 7.64% | 116,224 | $4.21 |
| Q2 2016 | -10,045 | Reduce 8.64% | 106,179 | $5.06 |
| Q3 2016 | +15,243 | Add 14.36% | 121,422 | $5.50 |
| Q4 2016 | +8,602 | Add 7.08% | 130,024 | $7.62 |
| Q1 2017 | +33,718 | Add 25.93% | 163,742 | $9.50 |
| Q2 2017 | -39,121 | Reduce 23.89% | 124,621 | $8.75 |
| Q3 2017 | +32,911 | Add 26.41% | 157,532 | $10.07 |
| Q4 2017 | +5.62 M | Add 3564.55% | 5.77 M | $12.23 |
| Q1 2018 | +2.19 M | Add 37.96% | 7.96 M | $12.72 |
| Q2 2018 | +9.73 M | Add 122.14% | 17.69 M | $12.82 |
| Q3 2018 | -1.81 M | Reduce 10.23% | 15.88 M | $14.84 |
| Q4 2018 | -152,061 | Reduce 0.96% | 15.73 M | $13.19 |
| Q1 2019 | -7.89 M | Reduce 50.19% | 7.83 M | $13.06 |
| Q2 2019 | -1.62 M | Reduce 20.67% | 6.21 M | $13.44 |
| Q3 2019 | -5.35 M | Reduce 86.16% | 860,203 | $11.50 |
| Q4 2019 | +537,509 | Add 62.49% | 1.4 M | $13.20 |
| Q1 2020 | +94,959 | Add 6.79% | 1.49 M | $8.29 |
| Q2 2020 | +4.46 M | Add 298.67% | 5.95 M | $10.31 |
| Q3 2020 | +7.6 M | Add 127.71% | 13.55 M | $10.58 |
| Q4 2020 | -4.78 M | Reduce 35.30% | 8.77 M | $16.76 |
| Q1 2021 | +1.61 M | Add 18.41% | 10.38 M | $17.38 |
| Q2 2021 | +1.16 M | Add 11.17% | 11.54 M | $22.81 |
| Q3 2021 | +1.41 M | Add 12.19% | 12.95 M | $13.95 |
| Q4 2021 | -440,728 | Reduce 3.40% | 12.51 M | $14.02 |
| Q1 2022 | -3.36 M | Reduce 26.90% | 9.14 M | $19.99 |
| Q2 2022 | -6.01 M | Reduce 65.74% | 3.13 M | $14.63 |
| Q3 2022 | +1.84 M | Add 58.61% | 4.97 M | $13.32 |
| Q4 2022 | -2.52 M | Reduce 50.63% | 2.45 M | $16.97 |
| Q1 2023 | -1.81 M | Reduce 73.76% | 643,737 | $15.78 |
| Q2 2023 | +1.24 M | Add 192.26% | 1.88 M | $13.42 |
| Q3 2023 | +2.12 M | Add 112.43% | 4 M | $13.40 |
| Q4 2023 | -2.94 M | Reduce 73.54% | 1.06 M | $15.86 |
| Q1 2024 | +1.92 M | Add 181.54% | 2.98 M | $12.19 |
| Q2 2024 | +1.06 M | Add 35.47% | 4.03 M | $11.17 |
| Q3 2024 | +2.68 M | Add 66.41% | 6.71 M | $11.68 |
| Q4 2024 | -3.28 M | Reduce 48.89% | 3.43 M | $8.87 |
| Q1 2025 | +896,302 | Add 26.13% | 4.33 M | $9.98 |
| Q2 2025 | -2.32 M | Reduce 53.64% | 2.01 M | $9.71 |
| Q3 2025 | -977,411 | Reduce 48.73% | 1.03 M | $10.86 |
Cliff Asness's Vale Investment FAQs
Cliff Asness first purchased Vale S.A. (VALE) in Q4 2012, acquiring 149,500 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 Vale S.A. (VALE) 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 Vale S.A. (VALE) was in Q2 2018, adding 17,691,591 shares worth $226.81 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 1,028,453 shares of Vale S.A. (VALE), valued at approximately $11.17 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Vale S.A. (VALE) represents approximately 0.01% 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 Vale S.A. (VALE) was 17,691,591 shares, as reported at the end of Q2 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.