Cliff Asness's factor-based quant. Risk parity + alternative beta + style premia. ~$130B AUM peak; suffered 2018-2020 value drawdown then rebounded 2022-23.
| # | Ticker | Issuer | Value | % of book | Shares |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | $7.48B | 12.0% | 37.82M |
| 2 | AAPL | APPLE INC | $5.01B | 8.0% | 17.56M |
| 3 | MU | MICRON TECHNOLOGY INC | $4.43B | 7.1% | 3.83M |
| 4 | MSFT | MICROSOFT CORP | $4.26B | 6.8% | 11.47M |
| 5 | AMZN | AMAZON COM INC | $2.84B | 4.6% | 11.92M |
| 6 | AVGO | BROADCOM INC | $2.52B | 4.0% | 6.68M |
| 7 | GOOG | ALPHABET INC | $2.24B | 3.6% | 6.35M |
| 8 | GOOGL | ALPHABET INC | $2.11B | 3.4% | 5.99M |
| 9 | FIX | COMFORT SYS USA INC | $2.08B | 3.3% | 1.06M |
| 10 | WDC | WESTERN DIGITAL CORP | $1.88B | 3.0% | 2.94M |
| 11 | CNC | CENTENE CORP DEL | $1.84B | 3.0% | 28.68M |
| 12 | GEV | GE VERNOVA INC | $1.71B | 2.7% | 1.52M |
| 13 | BMY | BRISTOL-MYERS SQUIBB CO | $1.58B | 2.5% | 27.36M |
| 14 | ABNB | AIRBNB INC | $1.52B | 2.4% | 10.62M |
| 15 | LRCX | LAM RESEARCH CORP | $1.51B | 2.4% | 3.49M |
| 16 | INTC | INTEL CORP | $1.47B | 2.4% | 10.74M |
| 17 | PCG | PG&E CORP | $1.45B | 2.3% | 86.28M |
| 18 | — | GE AEROSPACE | $1.40B | 2.2% | 3.74M |
| 19 | EIX | EDISON INTL | $1.39B | 2.2% | 18.69M |
| 20 | CB | CHUBB LIMITED | $1.36B | 2.2% | 4.00M |
| 21 | FTNT | FORTINET INC | $1.33B | 2.1% | 8.67M |
| 22 | VRSN | VERISIGN INC | $1.25B | 2.0% | 4.95M |
| 23 | LLY | ELI LILLY & CO | $1.24B | 2.0% | 1.04M |
| 24 | TSLA | TESLA INC | $1.24B | 2.0% | 3.01M |
| 25 | META | META PLATFORMS INC | $1.21B | 1.9% | 2.17M |
| 26 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $1.20B | 1.9% | 1.25M |
| 27 | BRK-B | BERKSHIRE HATHAWAY INC DEL | $1.19B | 1.9% | 2.38M |
| 28 | JBHT | HUNT J B TRANS SVCS INC | $1.18B | 1.9% | 4.16M |
| 29 | COST | COSTCO WHOLESALE CORPORATION | $1.17B | 1.9% | 1.25M |
| 30 | TER | TERADYNE INC | $1.14B | 1.8% | 2.42M |
| Ticker | Issuer | Action | Δ shares | Δ value |
|---|---|---|---|---|
| AAPL | APPLE INC | increased | +20.3% | $1.38B |
| AMZN | AMAZON COM INC | increased | +25.9% | $883.9M |
| CNC | CENTENE CORP DEL | decreased | -14.7% | $750.1M |
| GOOG | ALPHABET INC | increased | +21.8% | $747.7M |
| AMD | ADVANCED MICRO DEVICES INC | increased | +71.4% | $739.7M |
| EME | EMCOR GROUP INC | closed | -100.0% | -$681.4M |
| AVGO | BROADCOM INC | increased | +8.0% | $649.7M |
| CRS | CARPENTER TECHNOLOGY CORP | increased | +101.5% | $615.7M |
| CVX | CHEVRON CORPORATION | increased | +268.6% | $603.2M |
| FIX | COMFORT SYS USA INC | decreased | -5.1% | $594.5M |
| ABNB | AIRBNB INC | increased | +32.8% | $522.9M |
| GOOGL | ALPHABET INC | increased | +3.8% | $492.2M |
| AMAT | APPLIED MATLS INC | increased | +66.9% | $427.7M |
| BKNG | BOOKING HOLDINGS INC | increased | +1501.2% | -$411.9M |
| BRK-B | BERKSHIRE HATHAWAY INC DEL | increased | +44.9% | $403.9M |
| TEAM | ATLASSIAN CORPORATION | increased | +112.6% | $403.5M |
| COF | CAPITAL ONE FINL CORP | increased | +45.9% | $401.6M |
| CMI | CUMMINS INC | increased | +30.6% | $373.7M |
| BA | BOEING CO | increased | +122.6% | $366.0M |
| AYI | ACUITY INC | increased | +192.4% | $351.0M |
| CAT | CATERPILLAR INC | increased | +89.2% | $348.8M |
| NET | CLOUDFLARE INC | increased | +128.9% | $329.0M |
| EOG | EOG RES INC | increased | +116.8% | $318.2M |
| ABBV | ABBVIE INC | increased | +126.7% | $313.8M |
| DTE | DTE ENERGY CO | increased | +333.0% | $309.8M |
Compare this book against the other 72 filers, screen for consensus positions, and follow quarterly moves as they land.
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