5 Biggest Quant Funds in The World

2. AQR Capital Management

The co-founder of systematic investment giant AQR Capital Management Cliff Asness is optimistic that value stocks have started rebounding at the end of the last year. He expects value stocks to extend the momentum into the first half of the year.

“After ‘sinning a little’ towards value, talking about it constantly, and yes, rooting for it with all our hearts, it is very tough to see its initial comeback not only fail to change our fortunes but hurt them a little more,” Asness said.

AQR Capital Management is overseeing $248 billion of assets and its 13F portfolio value stands around $59 billion at the end of the September quarter. Apple (NASDAQ: AAPL) is the largest stock holding of AQR Capital Management and the firm has benefited from its largest position in 2020. This is because shares of Apple rallied significantly last year.

Alger Spectra Fund has presented a bullish case for Apple in an investor’s letter. Here is what Alger Spectra Fund stated:

“Apple is a leading technology provider in telecommunications, computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. This tight engagement is facilitating significant growth in high-margin services like streaming music, apps, and Apple Pay. Apple’s continued development of high-margin services and earnings streams for wearable devices as well as the potential contribution of 5G phones to the company’s growth supported the performance of Apple shares.”