In 1998, Cliff Asness launched AQR Capital Management. The hedge fund specialized in factor-based tactics to supplement a quantitative investment strategy. Asness has a net worth of $1.4 billion and worked at Goldman Sachs’ quantitative research desk previously. The 13F securities portfolio of AQR Capital Management was worth $53.9 billion as of September. Marathon Oil Corporation, CEMEX, CX, and Xerox Holdings Corporation are among the most significant Cliff Asness portfolio stocks under $20.
Insider Monkey dug into 10 stocks in billionaire Cliff Asness’ portfolio under $20. CEMEX, S.A.B. de C.V. is now trading at roughly $6 per share, with a market capitalization of around $9 billion. The top line increased 8% year over year in the September quarter, owing to strong demand across the board. AQR Capital increased its stake in Marathon Oil Corporation by 103 percent in the September quarter. Since the beginning of the year, energy corporations have benefited from increased oil consumption and rising prices. In the last six months, the stock has increased by 35%. On the list of 10 stocks under $20, F.N.B. Corporation is ranked eighth. Because of its excellent dividend yield of 3.86 percent, it is a solid investment to hold for the long term. Its stock price has increased by 30% since the beginning of the year. In the third quarter, Xerox Holdings Corporation generated $1.76 billion in revenue. Revenue for the full year is expected to be in the range of $7.1 billion. The company is worth $30 million to AQR. Kinder Morgan, Inc. is an energy infrastructure provider in North America. In the third quarter, a resurgence in energy demand increased revenue by 30% year over year. Kinder Morgan was in 38 hedge funds’ portfolios as of June, according to Insider Monkey, which tracks 873 hedge funds. For more details, click Billionaire Cliff Asness Portfolio: 10 Stocks Under $20.