AQR Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Cliff Asness's AQR Capital Management reported 2,860 stock positions worth $77.6 billion. Its top holding was Apple (AAPL) at 3.3% of the portfolio, followed by Nvidia (NVDA, 2.8%) and Microsoft (MSFT, 2.3%). Compared with Q3 2024, it opened 250 new positions, sold out of 141, added to 1,438 and reduced 1,131. The biggest buy was Apple (AAPL, shares +27%) and the biggest sale Cigna (CI, shares −30%).
- Most Recent 13F
- Q2 2026
- Notable People
- Cliff Asness
- Location
- Greenwich, CT
- CIK
- 0001167557
- Portfolio Value
- $77.6B (Q4 2024)
- SEC Filing
- 0001085146-25-001702 ↗ filed Feb 14, 2025
Holdings Value
Holdings 2,860 stocks · $77.6B
| AAPL Apple Inc. | 3.33% | 10,335,636 | $2.6B | Add +27.3% |
| NVDA Nvidia Corp. | 2.82% | 16,312,361 | $2.2B | Add +0.2% |
| MSFT Microsoft Corp. | 2.29% | 4,210,370 | $1.8B | Add +3.8% |
| AMZN Amazon.com Inc. | 1.52% | 5,384,405 | $1.2B | Add +8.2% |
| META Meta Platforms Inc. Class A | 1.24% | 1,648,113 | $965.0M | Add +9.3% |
| AVGO Broadcom Inc. | 0.85% | 2,848,831 | $660.5M | Reduce -12.9% |
| ZM Zoom Communications Inc. | 0.79% | 7,538,744 | $615.2M | Add +5.2% |
| GE General Electric filed as GE AEROSPACE | 0.79% | 3,684,454 | $614.5M | Add +12.3% |
| CME Cme Group Inc. | 0.76% | 2,523,694 | $586.1M | Add +31.1% |
| GOOG Alphabet Inc. Class C | 0.72% | 2,919,438 | $556.0M | Add +5.1% |
| MRK Merck & Co. Inc. | 0.69% | 5,377,752 | $533.1M | Add +77.9% |
| MCK McKesson Corp. | 0.68% | 922,180 | $525.6M | Add +9.2% |
| GOOGL Alphabet Inc. Class A | 0.66% | 2,715,867 | $514.1M | Reduce -23.2% |
| JNJ Johnson & Johnson | 0.64% | 3,472,635 | $500.1M | Add +9.9% |
| LLY Eli Lilly & Co. | 0.64% | 643,944 | $496.2M | Reduce -5.0% |
| WMT Walmart Inc. | 0.62% | 5,334,041 | $481.9M | Add +22.9% |
| CNC Centene Corp. | 0.60% | 7,742,698 | $469.1M | Add +42.8% |
| CMCSA Comcast Corp. Class A | 0.60% | 12,370,413 | $463.8M | Add +26.4% |
| TSLA Tesla Inc. | 0.57% | 1,102,866 | $445.4M | Add +112.9% |
| PGR Progressive Corp. | 0.56% | 1,816,379 | $435.2M | Reduce -4.3% |
| BKNG Booking Holdings Inc. | 0.55% | 85,963 | $427.1M | Reduce -3.8% |
| T AT&T Inc. | 0.52% | 17,892,680 | $407.4M | Reduce -19.8% |
| FTNT Fortinet Inc. | 0.52% | 4,237,978 | $400.4M | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 803,465 | $364.2M | Add +2.2% |
| UTHR United Therapeutics Corp. | 0.44% | 975,444 | $344.2M | Add +0.8% |
| ANET Arista Networks Inc. | 0.43% | 3,041,437 | $336.2M | Reduce -4.1% |
| ADBE Adobe Inc. | 0.43% | 752,655 | $334.7M | Add +74.4% |
| COR Cencora Inc. | 0.42% | 1,464,466 | $329.0M | Add +0.2% |
| CB Chubb Ltd. | 0.42% | 1,179,045 | $325.7M | Add +4.2% |
| V Visa Inc. Class A | 0.42% | 1,030,318 | $325.6M | Add +4.2% |
| ALL Allstate Corp. | 0.42% | 1,678,253 | $323.4M | Add +24.0% |
| MMM 3M Co. | 0.42% | 2,501,647 | $322.9M | Reduce -1.1% |
| CAH Cardinal Health Inc. | 0.40% | 2,632,634 | $311.4M | Reduce -14.1% |
| ABNB Airbnb Inc. Class A | 0.40% | 2,365,847 | $310.9M | Add +52.1% |
| MO Altria Group Inc. | 0.39% | 5,862,825 | $305.5M | Add +4.5% |
| C Citigroup Inc. | 0.39% | 4,334,647 | $305.1M | Reduce -0.3% |
| GM General Motors Co. | 0.37% | 5,457,515 | $290.7M | Add +0.3% |
| CL Colgate-Palmolive Co. | 0.37% | 3,137,836 | $285.3M | Reduce -3.3% |
| KR Kroger Co. | 0.37% | 4,635,226 | $283.4M | Reduce -3.3% |
| TRV The Travelers Cos Inc. | 0.36% | 1,154,886 | $277.9M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 0.36% | 302,217 | $276.9M | Reduce -12.4% |
| CI The Cigna Group | 0.35% | 996,273 | $275.1M | Reduce -29.6% |
| VRSN Verisign Inc. | 0.35% | 1,327,130 | $273.9M | Add +20.9% |
| EG Everest Group Ltd. | 0.35% | 750,834 | $271.5M | Reduce -10.2% |
| CFG Citizens Financial Group | 0.35% | 6,186,364 | $270.7M | Add +32.2% |
| NBIX Neurocrine Biosciences Inc. | 0.33% | 1,896,891 | $258.9M | Add +2.9% |
| PYPL PayPal Holdings Inc. | 0.33% | 3,025,173 | $258.2M | Add +79.6% |
| SYF Synchrony Financial | 0.33% | 3,970,677 | $258.1M | Reduce -15.5% |
| ABBV Abbvie Inc. | 0.33% | 1,448,367 | $256.2M | Reduce -15.4% |
| LEN Lennar Corp. Class A | 0.32% | 1,846,753 | $251.8M | Add +35.4% |
| TAP Molson Coors Beverage Co. Class B | 0.32% | 4,369,374 | $250.5M | Reduce -18.6% |
| MA Mastercard Inc. Class A | 0.32% | 467,097 | $246.0M | Reduce -5.2% |
| CSCO Cisco Systems Inc. | 0.31% | 4,121,706 | $244.0M | Reduce -32.4% |
| INCY Incyte Corp. | 0.31% | 3,502,813 | $241.5M | Add +29.6% |
| AXS Axis Capital Holdings Ltd. | 0.31% | 2,689,510 | $238.3M | Add +5.3% |
| NOW ServiceNow Inc. | 0.31% | 224,508 | $238.0M | Add +40.5% |
| NFLX Netflix Inc. | 0.30% | 262,329 | $233.8M | Add +14.2% |
| PG The Procter & Gamble Co. | 0.29% | 1,355,790 | $226.6M | Reduce -12.3% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 4,006,797 | $226.6M | Add +2.7% |
| EME Emcor Group Inc. | 0.29% | 489,825 | $222.3M | Add +13.6% |
| LMT Lockheed Martin Corp. | 0.29% | 457,436 | $222.3M | Add +26.7% |
| JPM JPMorgan Chase & Co. | 0.28% | 911,026 | $218.4M | Add +16.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 4,875,181 | $214.3M | Reduce -20.5% |
| PEP Pepsico Inc. | 0.27% | 1,394,493 | $212.0M | Reduce -0.5% |
| NOC Northrop Grumman Corp. | 0.27% | 452,174 | $211.9M | Add +34.7% |
| AIZ Assurant Inc. | 0.27% | 986,513 | $210.0M | Reduce -8.5% |
| CMI Cummins Inc. | 0.27% | 598,079 | $208.5M | Reduce -7.3% |
| MDT Medtronic PLC | 0.27% | 2,606,685 | $208.2M | Add +21.7% |
| XOM Exxon Mobil Corp. | 0.26% | 1,901,954 | $203.3M | Reduce -26.0% |
| HIG Hartford Insurance Group Inc. | 0.26% | 1,843,118 | $201.6M | Add +7.5% |
| INFY Infosys Ltd.-SP ADR | 0.26% | 9,164,085 | $200.9M | Add +270.9% |
| HWM Howmet Aerospace Inc. | 0.26% | 1,809,747 | $197.9M | Reduce -7.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 893,951 | $196.5M | Reduce -19.3% |
| HOOD Robinhood Markets Inc. Class A | 0.25% | 5,257,840 | $195.9M | Add +231.9% |
| GDDY GoDaddy Inc. Class A | 0.25% | 988,942 | $195.2M | Reduce -3.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.25% | 813,356 | $191.4M | Add +60.9% |
| HPE Hewlett Packard Enterprise | 0.24% | 8,598,787 | $183.6M | Reduce -27.3% |
| PANW Palo Alto Networks Inc. | 0.24% | 1,005,072 | $182.9M | Add +109.3% |
| GRMN Garmin Ltd. | 0.23% | 884,203 | $182.4M | Reduce -8.6% |
| RTX RTX Corp. | 0.23% | 1,569,733 | $181.6M | Add +181.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.23% | 2,356,843 | $181.1M | Add +36.0% |
| MOH Molina Healthcare Inc. | 0.23% | 620,294 | $180.5M | Add +19.6% |
| UNM Unum Group | 0.23% | 2,444,655 | $178.5M | Reduce -12.6% |
| VEEV Veeva Systems Inc. Class A | 0.23% | 848,207 | $178.3M | Reduce -1.1% |
| PFE Pfizer Inc. | 0.23% | 6,698,797 | $177.7M | Add +299.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.23% | 714,620 | $176.6M | Add +112.4% |
| BKR Baker Hughes Co. | 0.23% | 4,271,708 | $175.2M | Reduce -2.0% |
| WAB Wabtec Corp. | 0.23% | 923,279 | $175.0M | Add +28.8% |
| ZS Zscaler Inc. | 0.22% | 964,031 | $173.9M | Add +120.1% |
| SMAR Smartsheet Inc. Class A | 0.22% | 3,091,210 | $173.1M | Add +82.3% |
| SSNC Ss&c Technologies Holdings | 0.22% | 2,270,232 | $172.0M | Add +52.4% |
| RL Ralph Lauren Corp. | 0.22% | 743,592 | $171.8M | Reduce -8.2% |
| BRBR Bellring Brands Inc. | 0.22% | 2,278,508 | $171.7M | Add +284.3% |
| PM Philip Morris International | 0.22% | 1,421,848 | $171.1M | Add +170.7% |
| ORCL Oracle Corp. | 0.22% | 1,027,286 | $171.0M | Add +51.1% |
| TEAM Atlassian Corp. Class A | 0.22% | 698,385 | $170.0M | Reduce -6.3% |
| WEN The Wendy's Co. | 0.22% | 10,421,114 | $169.9M | Reduce -6.3% |
| ABT Abbott Laboratories | 0.22% | 1,494,128 | $169.0M | Add +12.5% |
| FLS Flowserve Corp. | 0.22% | 2,925,459 | $168.3M | Add +9.7% |
| SPOT Spotify Technology SA | 0.22% | 374,696 | $167.6M | Add +31.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 100,130 | $1.1M | No change |
Total filed on the 13F, all lines: $77.6B.
Portfolio Sells Q3 2024 → Q4 2024
| CI The Cigna Group | Reduce -29.6% | 0.35% | −0.32 |
| CVS CVS Health Corp. | Reduce -34.2% | 0.15% | −0.20 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -48.9% | 0.13% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -5.0% | 0.64% | −0.18 |
| T AT&T Inc. | Reduce -19.8% | 0.52% | −0.15 |
| XOM Exxon Mobil Corp. | Reduce -26.0% | 0.26% | −0.15 |
| KO The Coca-Cola Co. | Reduce -27.1% | 0.21% | −0.15 |
| DIS The Walt Disney Co. | Reduce -58.5% | 0.12% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -23.2% | 0.66% | −0.14 |
| HII Huntington Ingalls Industrie | Reduce -30.5% | 0.12% | −0.14 |
| NXPI NXP Semiconductors NV | Reduce -81.1% | 0.03% | −0.14 |
| NTAP Netapp Inc. | Reduce -45.4% | 0.13% | −0.14 |
| REGN Regeneron Pharmaceuticals | Reduce -8.2% | 0.19% | −0.14 |
| AMAT Applied Materials Inc. | Reduce -21.5% | 0.19% | −0.13 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -81.3% | 0.03% | −0.13 |
| CSCO Cisco Systems Inc. | Reduce -32.4% | 0.31% | −0.13 |
| ABBV Abbvie Inc. | Reduce -15.4% | 0.33% | −0.13 |
| DAL Delta Air Lines Inc. | Reduce -46.3% | 0.19% | −0.13 |
| DELL Dell Technologies -C | Reduce -67.0% | 0.05% | −0.12 |
| KLAC KLA Corp. | Reduce -46.7% | 0.08% | −0.12 |
| ADM Archer-Daniels-Midland Co. | Reduce -49.1% | 0.07% | −0.11 |
| PSA Public Storage | Reduce -44.0% | 0.08% | −0.10 |
| EG Everest Group Ltd. | Reduce -10.2% | 0.35% | −0.10 |
| BBY Best Buy Co. Inc. | Reduce -14.3% | 0.20% | −0.10 |
| TAP Molson Coors Beverage Co. Class B | Reduce -18.6% | 0.32% | −0.10 |
| CL Colgate-Palmolive Co. | Reduce -3.3% | 0.37% | −0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -68.1% | 0.06% | −0.10 |
| PGR Progressive Corp. | Reduce -4.3% | 0.56% | −0.10 |
| MU Micron Technology Inc. | Reduce -53.6% | 0.05% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -27.3% | 0.24% | −0.09 |
| PCAR Paccar Inc. | Reduce -49.8% | 0.09% | −0.09 |
| XEL Xcel Energy Inc. | Reduce -28.1% | 0.20% | −0.09 |
| OC Owens Corning | Reduce -30.6% | 0.15% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -19.3% | 0.25% | −0.08 |
| LRCX Lam Research Corp. | Reduce -53.0% | 0.05% | −0.08 |
| BERY Berry Global Group Inc. | Reduce -64.8% | 0.04% | −0.08 |
| GD General Dynamics Corp. | Reduce -19.0% | 0.15% | −0.08 |
| ACGL Arch Capital Group Ltd. | Reduce -13.4% | 0.16% | −0.08 |
| FMC FMC Corp. | Reduce -73.5% | 0.02% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -12.3% | 0.29% | −0.08 |
| WING Wingstop Inc. | Reduce -4.2% | 0.12% | −0.08 |
| ROST Ross Stores Inc. | Reduce -23.0% | 0.18% | −0.07 |
| TPR Tapestry Inc. | Reduce -47.8% | 0.15% | −0.07 |
| VALE Vale SA-SP ADR | Reduce -48.9% | 0.04% | −0.07 |
| CAH Cardinal Health Inc. | Reduce -14.1% | 0.40% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -15.3% | 0.17% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -12.4% | 0.36% | −0.07 |
| KHC The Kraft Heinz Co. | Reduce -24.6% | 0.10% | −0.07 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -73.1% | 0.02% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -31.5% | 0.10% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +27.3% | 3.33% | +0.75 |
| TSLA Tesla Inc. | Add +112.9% | 0.57% | +0.39 |
| AMZN Amazon.com Inc. | Add +8.2% | 1.52% | +0.24 |
| MRK Merck & Co. Inc. | Add +77.9% | 0.69% | +0.21 |
| HOOD Robinhood Markets Inc. Class A | Add +231.9% | 0.25% | +0.20 |
| INFY Infosys Ltd.-SP ADR | Add +270.9% | 0.26% | +0.18 |
| CME Cme Group Inc. | Add +31.1% | 0.76% | +0.17 |
| BRBR Bellring Brands Inc. | Add +284.3% | 0.22% | +0.17 |
| PFE Pfizer Inc. | Add +299.5% | 0.23% | +0.16 |
| PYPL PayPal Holdings Inc. | Add +79.6% | 0.33% | +0.15 |
| RTX RTX Corp. | Add +181.4% | 0.23% | +0.14 |
| WMT Walmart Inc. | Add +22.9% | 0.62% | +0.14 |
| GS Goldman Sachs Group Inc. | Add +471.4% | 0.16% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +216.6% | 0.16% | +0.13 |
| PM Philip Morris International | Add +170.7% | 0.22% | +0.13 |
| DTE DTE Energy Company | Add +750.0% | 0.15% | +0.13 |
| ABNB Airbnb Inc. Class A | Add +52.1% | 0.40% | +0.13 |
| CRH CRH PLC | Add +173.4% | 0.21% | +0.13 |
| ADBE Adobe Inc. | Add +74.4% | 0.43% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +109.3% | 0.24% | +0.12 |
| NVDA Nvidia Corp. | Add +0.2% | 2.82% | +0.12 |
| ZS Zscaler Inc. | Add +120.1% | 0.22% | +0.12 |
| HLT Hilton Worldwide Holdings Inc. | Add +112.4% | 0.23% | +0.12 |
| CBRE CBRE Group Inc. Class A | Add +278.5% | 0.16% | +0.12 |
| CCL Carnival Corp. | Add +228.8% | 0.15% | +0.11 |
| NOW ServiceNow Inc. | Add +40.5% | 0.31% | +0.11 |
| EOG EOG Resources Inc. | Add +134.7% | 0.20% | +0.11 |
| MCK McKesson Corp. | Add +9.2% | 0.68% | +0.11 |
| ZM Zoom Communications Inc. | Add +5.2% | 0.79% | +0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +906.5% | 0.11% | +0.10 |
| RMD Resmed Inc. | Add +133.6% | 0.18% | +0.09 |
| SMAR Smartsheet Inc. Class A | Add +82.3% | 0.22% | +0.09 |
| BIIB Biogen Inc. | Add +982.0% | 0.11% | +0.09 |
| CFG Citizens Financial Group | Add +32.2% | 0.35% | +0.09 |
| FTNT Fortinet Inc. | Add +5.3% | 0.52% | +0.09 |
| INTC Intel Corp. | Add +381.1% | 0.12% | +0.09 |
| GEV GE Vernova Inc. | Add +85.7% | 0.15% | +0.08 |
| UBER Uber Technologies Inc. | Add +270.2% | 0.13% | +0.08 |
| FICO Fair Isaac Corp. | Add +68.8% | 0.21% | +0.08 |
| PNC PNC Financial Services Group | Add +184.0% | 0.12% | +0.08 |
| NFLX Netflix Inc. | Add +14.2% | 0.30% | +0.08 |
| COP Conocophillips | Add +83.1% | 0.20% | +0.08 |
| OKTA Okta Inc. | Add +874.6% | 0.09% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +5.1% | 0.72% | +0.07 |
| COF Capital One Financial Corp. | Add +36.4% | 0.21% | +0.07 |
| SPOT Spotify Technology SA | Add +31.2% | 0.22% | +0.07 |
| SSNC Ss&c Technologies Holdings | Add +52.4% | 0.22% | +0.07 |
| OVV Ovintiv Inc. | Add +69.7% | 0.17% | +0.07 |
| FTI Technipfmc PLC | Add +70.6% | 0.15% | +0.07 |
| ALL Allstate Corp. | Add +24.0% | 0.42% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 3,895 | $286.8B | NVDA, AAPL, MU, MSFT, AMZN |
| Q1 2026 | 3,733 | $218.4B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q4 2025 | 3,558 | $190.6B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 3,455 | $156.0B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 3,291 | $120.9B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q1 2025 | 3,149 | $97.1B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 2,860 | $77.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 2,750 | $72.4B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2024 | 2,592 | $65.2B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2024 | 2,402 | $58.7B | MSFT, NVDA, AAPL, AMZN, META |