Cliff Asness's VALE Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 9.53 M shares of Vale S.A. (VALE) worth $124.19 M, representing 0.07% 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 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +8.5 M | Add 826.73% | 9.53 M | $13.03 |
| Q3 2025 | -977,411 | Reduce 48.73% | 1.03 M | $10.86 |
| Q2 2025 | -2.32 M | Reduce 53.64% | 2.01 M | $9.71 |
| Q1 2025 | +896,302 | Add 26.13% | 4.33 M | $9.98 |
| Q4 2024 | -3.28 M | Reduce 48.89% | 3.43 M | $8.87 |
| Q3 2024 | +2.68 M | Add 66.41% | 6.71 M | $11.68 |
| Q2 2024 | +1.06 M | Add 35.47% | 4.03 M | $11.17 |
| Q1 2024 | +1.92 M | Add 181.54% | 2.98 M | $12.19 |
| Q4 2023 | -2.94 M | Reduce 73.54% | 1.06 M | $15.86 |
| Q3 2023 | +2.12 M | Add 112.43% | 4 M | $13.40 |
| Q2 2023 | +1.24 M | Add 192.26% | 1.88 M | $13.42 |
| Q1 2023 | -1.81 M | Reduce 73.76% | 643,737 | $15.78 |
| Q4 2022 | -2.52 M | Reduce 50.63% | 2.45 M | $16.97 |
| Q3 2022 | +1.84 M | Add 58.61% | 4.97 M | $13.32 |
| Q2 2022 | -6.01 M | Reduce 65.74% | 3.13 M | $14.63 |
| Q1 2022 | -3.36 M | Reduce 26.90% | 9.14 M | $19.99 |
| Q4 2021 | -440,728 | Reduce 3.40% | 12.51 M | $14.02 |
| Q3 2021 | +1.41 M | Add 12.19% | 12.95 M | $13.95 |
| Q2 2021 | +1.16 M | Add 11.17% | 11.54 M | $22.81 |
| Q1 2021 | +1.61 M | Add 18.41% | 10.38 M | $17.38 |
| Q4 2020 | -4.78 M | Reduce 35.30% | 8.77 M | $16.76 |
| Q3 2020 | +7.6 M | Add 127.71% | 13.55 M | $10.58 |
| Q2 2020 | +4.46 M | Add 298.67% | 5.95 M | $10.31 |
| Q1 2020 | +94,959 | Add 6.79% | 1.49 M | $8.29 |
| Q4 2019 | +537,509 | Add 62.49% | 1.4 M | $13.20 |
| Q3 2019 | -5.35 M | Reduce 86.16% | 860,203 | $11.50 |
| Q2 2019 | -1.62 M | Reduce 20.67% | 6.21 M | $13.44 |
| Q1 2019 | -7.89 M | Reduce 50.19% | 7.83 M | $13.06 |
| Q4 2018 | -152,061 | Reduce 0.96% | 15.73 M | $13.19 |
| Q3 2018 | -1.81 M | Reduce 10.23% | 15.88 M | $14.84 |
| Q2 2018 | +9.73 M | Add 122.14% | 17.69 M | $12.82 |
| Q1 2018 | +2.19 M | Add 37.96% | 7.96 M | $12.72 |
| Q4 2017 | +5.62 M | Add 3564.55% | 5.77 M | $12.23 |
| Q3 2017 | +32,911 | Add 26.41% | 157,532 | $10.07 |
| Q2 2017 | -39,121 | Reduce 23.89% | 124,621 | $8.75 |
| Q1 2017 | +33,718 | Add 25.93% | 163,742 | $9.50 |
| Q4 2016 | +8,602 | Add 7.08% | 130,024 | $7.62 |
| Q3 2016 | +15,243 | Add 14.36% | 121,422 | $5.50 |
| Q2 2016 | -10,045 | Reduce 8.64% | 106,179 | $5.06 |
| Q1 2016 | -9,608 | Reduce 7.64% | 116,224 | $4.21 |
| Q4 2015 | +8,736 | Add 7.46% | 125,832 | $3.29 |
| Q3 2015 | -32,904 | Reduce 21.94% | 117,096 | $4.20 |
| Q2 2015 | -9,000 | Reduce 5.66% | 150,000 | $5.89 |
| Q1 2015 | +58,500 | Add 58.21% | 159,000 | $5.65 |
| Q4 2014 | -107,200 | Reduce 51.61% | 100,500 | $8.18 |
| Q3 2014 | +14,800 | Add 7.67% | 207,700 | $11.01 |
| Q2 2014 | -6,753 | Reduce 3.38% | 192,900 | $13.23 |
| Q1 2014 | -188,200 | Reduce 48.52% | 199,653 | $13.83 |
| Q4 2013 | +204,853 | Add 111.94% | 387,853 | $15.25 |
| Q3 2013 | +10,600 | Add 6.15% | 183,000 | $15.61 |
| Q2 2013 | +172,400 | Add 0.00% | 172,400 | $13.15 |
| Q4 2012 | +149,500 | Add 0.00% | 149,500 | $20.96 |
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 53 quarters since Q4 2012.
Cliff Asness's largest addition to Vale S.A. (VALE) was in Q2 2018, adding 17,691,591 shares worth $226.81 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 9,530,954 shares of Vale S.A. (VALE), valued at approximately $124.19 M.
As of the Q4 2025 filing, Vale S.A. (VALE) represents approximately 0.07% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Vale S.A. (VALE) was 17,691,591 shares, as reported at the end of Q2 2018.