Cliff Asness

Full summary

Cliff Asness's Q2 2026 quarterly filing represented the largest single-quarter reshuffle on record with us — $82.7B (since 2024-Q3) — spanning 30 disclosed position changes across a wide range of sectors and market caps. The most prominent new positions opened in the quarter included Jazz Pharmaceuticals (JAZZ) at $359.9M and Roivant Sciences (ROIV) at $234.0M, both in the healthcare space. Additional new stakes were established in WEC Energy (WEC) at $67.8M, UDR Inc. (UDR) at $40.3M, Nabors Industries (NBR) at $25.5M, and several smaller names including WTI, TMDX, SLDB, RZLV, and BRSL. On the reduction side, LYFT was trimmed by $76.7M (−67% QoQ), representing the most visible single cut in the window. CVI was also reduced by 77% QoQ. Among additions to existing positions, NEU received +$138.5M (+128% QoQ), ELS was added to at +238% QoQ, and IAG grew +136% QoQ. GIS received a modest +$39.2M addition (+15% QoQ). The breadth of this quarter's activity — new healthcare platforms, utility names, real estate investment trusts, and small-cap positions opened alongside targeted trims — reflects the scale of rebalancing that defines AQR's systematic, factor-driven approach across its disclosed equity book.

Underlying filings

1. Institutional holdingCliff AsnessJun 30, 2026Trimmed LYFT · −6.4M shares · −$76.7M
2. Institutional holdingCliff AsnessJun 30, 2026Added to GIS · +1.9M shares · +$39.2M
3. Institutional holdingCliff AsnessJun 30, 2026Opened position in JAZZ · 1.5M shares · $359.9M
4. Institutional holdingCliff AsnessJun 30, 2026Opened position in RZLV · 505.3k shares · $1.6M
5. Institutional holdingCliff AsnessJun 30, 2026Added to IKT · +296.2k shares · +$661.5k
6. Institutional holdingCliff AsnessJun 30, 2026Trimmed MATX · −1.3k shares · +$1.2M
7. Institutional holdingCliff AsnessJun 30, 2026Added to GRNT · +508.1k shares · +$753.8k
8. Institutional holdingCliff AsnessJun 30, 2026Added to NEU · +151.7k shares · +$138.5M
9. Institutional holdingCliff AsnessJun 30, 2026Opened position in BRSL · 72.4k shares · $776.5k
10. Institutional holdingCliff AsnessJun 30, 2026Added to IAG · +2.3M shares · +$31.0M
11. Institutional holdingCliff AsnessJun 30, 2026Added to OPRX · +369.0k shares · +$2.0M
12. Institutional holdingCliff AsnessJun 30, 2026Added to GFF · +1.1k shares · +$979.3k
13. Institutional holdingCliff AsnessJun 30, 2026Added to OCUL · +451.0k shares · +$5.1M
14. Institutional holdingCliff AsnessJun 30, 2026Opened position in ROIV · 6.6M shares · $234.0M
15. Institutional holdingCliff AsnessJun 30, 2026Trimmed CVI · −91.2k shares · −$3.2M
16. Institutional holdingCliff AsnessJun 30, 2026Added to ELS · +429.5k shares · +$27.8M
17. Institutional holdingCliff AsnessJun 30, 2026Added to DC · +57.0k shares · +$172.7k
18. Institutional holdingCliff AsnessJun 30, 2026Opened position in NBR · 303.5k shares · $25.5M
19. Institutional holdingCliff AsnessJun 30, 2026Added to NOK · +200.7k shares · +$5.2M
20. Institutional holdingCliff AsnessJun 30, 2026Added to AEG · +395.0k shares · +$4.3M
21. Institutional holdingCliff AsnessJun 30, 2026Added to LXP · +6.5k shares · +$1.4M
22. Institutional holdingCliff AsnessJun 30, 2026Opened position in UDR · 1.0M shares · $40.3M
23. Institutional holdingCliff AsnessJun 30, 2026Trimmed SPHR · −13.8k shares · +$265.4k
24. Institutional holdingCliff AsnessJun 30, 2026Opened position in WEC · 580.5k shares · $67.8M
25. Institutional holdingCliff AsnessJun 30, 2026Added to ETD · +181.3k shares · +$4.1M
26. Institutional holdingCliff AsnessJun 30, 2026Opened position in TMDX · 27.9k shares · $1.9M
27. Institutional holdingCliff AsnessJun 30, 2026Added to PLX · +137.3k shares · +$324.9k
28. Institutional holdingCliff AsnessJun 30, 2026Added to LUNG · +387.4k shares · +$507.2k
29. Institutional holdingCliff AsnessJun 30, 2026Opened position in SLDB · 137.1k shares · $1.4M
30. Institutional holdingCliff AsnessJun 30, 2026Opened position in WTI · 2.7M shares · $8.6M