Which super PACs did Cliff Asness fund in 2022?

Senate Leadership Fund ($200K), Honor Pennsylvania ($200K), Evergreen Principles PAC ($100K), Wfw Action Fund Inc ($100K), NRCC ($37K).

Which candidates did Cliff Asness's money end up backing or attacking in 2022?

against Mehmet Oz (Pennsylvania Senate, about $137K, lost); against Patty Murray (Washington Senate, about $64K, lost); for Dave Mccormick (Pennsylvania Senate, about $37K, unknown). Amounts are the donor's share of each group's spending.

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Donor

Cliff Asness

Individual

Co-Founder, Aqr Capital Management · New York

6 reported gifts; 5 recipient groups listed, as reported to the FEC by the groups that received them.

Backed losers

Cliff Asness gave $637K to super PACs and other outside groups in the 2022 federal elections, and 99% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 18% were on the winning side ($76K won, $360K lost). $84K had no matched result and is excluded.

Gave to outside spenders

$637K

99% of it helped Republicans

Winning share of scored dollars

18%

$437K scored (69% of gifts)

Spent on the losing side

$360K

Not allocated or result unknown

$200K

$116K not allocated to tracked outside spending; $84K has no matched result. Neither is cash on hand.

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Senate Leadership Fund $33K not allocated to tracked outside spending	$200K	$70K / $97K
Honor Pennsylvania $20K not allocated to tracked outside spending	$200K	$0 / $137K
Evergreen Principles PAC $13K not allocated to tracked outside spending	$100K	$0 / $87K
Wfw Action Fund Inc $24K not allocated to tracked outside spending	$100K	$3K / $32K
NRCC $26K not allocated to tracked outside spending	$37K	$4K / $7K

The trail

What the money bought

The candidates Cliff Asness's money was spent for or against, pro-rated by Cliff Asness's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Mehmet Oz	Pennsylvania Senate (primary)	Attacking	$137K	✗ No
Patty Murray	Washington Senate	Attacking	$64K	✗ No
Dave Mccormick	Pennsylvania Senate (primary)	Supporting	$37K	Unknown
John K. Fetterman	Pennsylvania Senate	Attacking	$32K	✗ No
Raphael Warnock	Georgia Senate	Attacking	$31K	✗ No
Cheri Beasley	North Carolina Senate	Attacking	$26K	✓ Yes
Tiffany Smiley	Washington Senate	Supporting	$25K	✗ No
Tim Ryan	Ohio Senate	Attacking	$22K	✓ Yes
Jane Timken	Ohio Senate (primary)	Supporting	$20K	Unknown
Mandela Barnes	Wisconsin Senate	Attacking	$18K	✓ Yes
Catherine Cortez Masto	Nevada Senate	Attacking	$17K	✗ No
Joe Kent	Washington 3rd District (primary)	Attacking	$17K	✗ No

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Cliff Asness spend on the 2022 elections, and did it win?: Cliff Asness gave $637K to super PACs and other outside groups in the 2022 federal elections, and 99% of it helped Republicans (FEC filings with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 18% were on the winning side ($76K won, $360K lost). $84K had no matched result and is excluded.
Which super PACs did Cliff Asness fund in 2022?: Senate Leadership Fund ($200K), Honor Pennsylvania ($200K), Evergreen Principles PAC ($100K), Wfw Action Fund Inc ($100K), NRCC ($37K).
Which candidates did Cliff Asness's money end up backing or attacking in 2022?: against Mehmet Oz (Pennsylvania Senate, about $137K, lost); against Patty Murray (Washington Senate, about $64K, lost); for Dave Mccormick (Pennsylvania Senate, about $37K, unknown). Amounts are the donor's share of each group's spending.