Morningstar

AQR Large Cap Multi-Style Fund Class I QCELX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $24.89  /  −0.48 %
  • Fund Size $2.0B
  • Adjusted Expense Ratio 0.400%
  • Net Expense Ratio 0.410%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Large Blend
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 1.07%
  • Turnover Ratio 56%
NAV and 1-Day Return as of

Morningstar’s Analysis QCELX

Will QCELX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QCELX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the QCELX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of QCELX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Ratings maintained but changes expected.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

AQR Large Cap Multi Style will increase long exposure to around 130% and add 30% short exposure in the second quarter of 2026. It will stay in the large-blend Morningstar Category and remain roughly 100% net long. This change may benefit investors by reducing unplanned taxable distributions and strengthening factor exposures, but it may raise volatility and will increase turnover.

by Zachary Evens
Rated on Published on

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Portfolio Holdings QCELX

More QCELX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

6.47 124M
Technology

Apple Inc

4.78 92M
Technology

Micron Technology Inc

4.03 77M
Technology

Limited Purpose Cash Investment

3.90 75M
—

Alphabet Inc Class A

3.71 71M
Communication Services

Broadcom Inc

3.05 58M
Technology

Microsoft Corp

2.82 54M
Technology

Alphabet Inc Class C

2.30 44M
Communication Services

Amazon.com Inc

2.19 42M
Consumer Cyclical

Lam Research Corp

1.62 31M
Technology

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