AQR CAPITAL MANAGEMENT LLC

Quant stat arb Low signal CIK 1167557
League rank
#87
in Quant stat arb · #2325 overall
Long book
$218.37B
Q1 2026
Positions
3739
Top-10 weight
11%
concentration
Last quarter
+13.5%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

AQR CAPITAL MANAGEMENT LLC is a quantitative fund whose holdings reflect models, not opinions, running a $218.37B US long book across 3739 positions.

The portfolio is broadly diversified across 3739 positions (top 10 only 11%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, AMAZON.COM INC, BROADCOM INC.

Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.9%
Q2 2024
+6.8%
Q3 2024
+1.0%
Q4 2024
-2.5%
Q1 2025
+8.8%
Q2 2025
+6.9%
Q3 2025
+2.1%
Q4 2025
-1.4%
Q1 2026
+13.5%

Sector allocation

Technology
25%
Industrials
16%
Financials
15%
Healthcare
9%
Consumer discretionary
9%
Services media
6%
Other
5%
Utilities
4%

Long book by quarter

$58.73B
Q1 2024
$65.24B
Q2 2024
$72.44B
Q3 2024
$77.63B
Q4 2024
$97.07B
Q1 2025
$120.88B
Q2 2025
$156.00B
Q3 2025
$190.63B
Q4 2025
$218.37B
Q1 2026

What does AQR CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology32.1M$5.46B2.5%+22.4%
MSFT MICROSOFT CORPTechnology10.0M$3.68B1.7%+60.2%
AAPL APPLE INCTechnology14.6M$3.63B1.7%+16.7%
AMZN AMAZON.COM INCConsumer discretionary9.5M$1.96B0.9%+6.1%
AVGO BROADCOM INCTechnology6.2M$1.87B0.9%+37.8%
BMY BRISTOL-MYERS SQUIBB COHealthcare29.6M$1.80B0.8%+14.9%
GOOGL ALPHABET INC-CL ATechnology5.8M$1.62B0.7%+28.1%
EIX EDISON INTERNATIONALUtilities20.8M$1.51B0.7%+14.0%
PCG P G & E CORPUtilities86.2M$1.50B0.7%+15.2%
GOOG ALPHABET INC-CL CTechnology5.2M$1.50B0.7%+14.5%
FIX COMFORT SYSTEMS USA INCIndustrials1.1M$1.49B0.7%+9.4%
MU MICRON TECHNOLOGY INCTechnology4.5M$1.47B0.7%+28.0%
BKNG BOOKING HOLDINGS INCIndustrials318.5K$1.32B0.6%+79.0%
GEV GE VERNOVA INCIndustrials1.5M$1.27B0.6%+34.1%
CB CHUBB LTDFinancials3.8M$1.25B0.6%-9.5%
FTI TECHNIPFMC PLCIndustrials17.8M$1.23B0.6%+5.6%
WMT WALMART INCConsumer discretionary9.5M$1.19B0.5%-22.9%
GE GENERAL ELECTRICIndustrials3.9M$1.10B0.5%+31.2%
CNC CENTENE CORPFinancials33.6M$1.09B0.5%+5.7%
FDX FEDEX CORPIndustrials3.1M$1.06B0.5%+4.5%
META META PLATFORMS INC-CLASS ATechnology1.9M$1.04B0.5%-10.4%
MRK MERCK & CO. INC.Healthcare8.6M$1.04B0.5%-23.3%
GM GENERAL MOTORS COIndustrials13.9M$1.03B0.5%+27.6%
COST COSTCO WHOLESALE CORPConsumer discretionary1.0M$1.02B0.5%+211.9%
ADBE ADOBE INCTechnology4.2M$1.02B0.5%+81.6%
ABNB AIRBNB INC-CLASS AServices media8.0M$997.4M0.5%+18.3%
TJX TJX COMPANIES INCConsumer discretionary6.0M$951.8M0.4%+25.5%
ANET ARISTA NETWORKS INCTechnology8.0M$950.2M0.4%+8.2%
REGN REGENERON PHARMACEUTICALSHealthcare1.2M$946.0M0.4%+23.6%
VRSN VERISIGN INCTechnology3.8M$931.9M0.4%-6.7%
PNC PNC FINANCIAL SERVICES GROUPFinancials4.4M$913.9M0.4%+7.5%
WDC WESTERN DIGITAL CORPTechnology3.5M$913.0M0.4%+16.4%
LMT LOCKHEED MARTIN CORPIndustrials1.5M$911.3M0.4%+16.5%
PEP PEPSICO INCConsumer staples5.9M$909.3M0.4%-11.1%
JNJ JOHNSON & JOHNSONHealthcare3.5M$864.3M0.4%-8.6%
JBHT HUNT (JB) TRANSPRT SVCS INCIndustrials4.1M$846.8M0.4%+7.9%
TSLA TESLA INCIndustrials2.3M$823.3M0.4%+6.2%
NEM NEWMONT CORPMaterials7.6M$815.0M0.4%+3.1%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials1.6M$786.9M0.4%-2.0%
LLY ELI LILLY & COHealthcare855.4K$785.7M0.4%+68.8%
MCK MCKESSON CORPConsumer discretionary907.5K$784.2M0.4%-1.2%
GD GENERAL DYNAMICS CORPIndustrials2.2M$763.5M0.3%+7.8%
SNOW SNOWFLAKE INCTechnology4.9M$740.9M0.3%+49.9%
LRCX LAM RESEARCH CORPIndustrials3.5M$724.3M0.3%-6.9%
TRV TRAVELERS COS INC/THEFinancials2.5M$717.1M0.3%+43.7%
APH AMPHENOL CORP-CL ATechnology5.6M$697.1M0.3%+57.5%
NYT NEW YORK TIMES CO-AOther8.2M$683.6M0.3%+31.1%
EME EMCOR GROUP INCIndustrials937.1K$681.4M0.3%+40.3%
CI THE CIGNA GROUPFinancials2.6M$672.4M0.3%+61.9%
ZM ZOOM COMMUNICATIONS INCTechnology8.4M$662.1M0.3%-31.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202620832$218.37B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202616934$190.63B canonicalSEC ↗
Q3 202513F-HRNov 14, 202514495$156.00B canonicalSEC ↗
Q2 202513F-HRAug 14, 202513746$120.88B canonicalSEC ↗
Q1 202513F-HRMay 15, 202513314$97.07B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20258973$77.63B canonicalSEC ↗
Q3 202413F-HRNov 14, 20247191$72.44B canonicalSEC ↗
Q2 202413F-HRAug 14, 20246964$65.24B canonicalSEC ↗
Q1 202413F-HRMay 15, 20245962$58.73B canonicalSEC ↗