AQR Arbitrage LLC

Greenwich, CT · CIK 1167456 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2001 · limited liability company

Assets managed$4.4bn
Staff18 · 18 in investment roles
Main clients (by assets)Private funds 52%, Mutual funds and ETFs 48%
Private funds2 (2 hedge) · $88.0m gross assets
Form ADV · 2026-03-31SEC adviser record

Legal entityAQR ARBITRAGE, LLC (US)

Kindhedge funds, futures
Others nearbyGreenwich, CT

As an employer

Offices in1 country
Private fundshedge 2

$7.0bn reported value +15.3% vs Q1 2026

634positions

25.0%in top 10

194 new 308 added 61 reduced 116 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

AQR CAPITAL MANAGEMENT LLC – files its own report too
AQR Capital Management Holdings, LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ELECTRONIC ARTS INC COM EA	EA	1,062,028	$217.8m3.10%	3.10%	Added +334.3k	+334,311 45.9%
2	AES CORP COM AES	AES	13,686,323	$200.3m2.85%	2.85%	Added +5.5m	+5,454,228 66.3%
3	WEBSTER FINL CORP COM WBS	WBS	2,522,937	$191.5m2.73%	2.73%	Added +719.4k	+719,374 39.9%
4	NORFOLK SOUTHN CORP COM NSC	NSC	578,240	$180.9m2.58%	2.58%	Added +132.1k	+132,101 29.6%
5	PENUMBRA INC COM PEN	PEN	563,873	$178.0m2.54%	2.54%	Added +140.8k	+140,800 33.3%
6	CHART INDS INC COM GTLS	GTLS	811,051	$169.5m2.41%	2.41%	Added +166.7k	+166,658 25.9%
7	QORVO INC COM QRVO	QRVO	1,782,061	$166.2m2.37%	2.37%	Added +53.0k	+52,972 3.1%
8	KENVUE INC COM KVUE	KVUE	8,441,922	$160.7m2.29%	2.29%	Added +2.9m	+2,856,343 51.1%
9	ESSENTIAL UTILS INC COM WTRG	WTRG	3,858,057	$147.8m2.10%	2.10%	Added +720.8k	+720,838 23.0%
10	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	5,293,977	$141.1m2.01%	2.01%	Added +1.5m	+1,455,024 37.9%
11	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	142,825,000	$140.9m2.01%	2.01%	New
12	SILICON LABORATORIES INC COM SLAB	SLAB	643,007	$140.5m2.00%	2.00%	Added +334.2k	+334,224 108.2%
13	TECK RESOURCES LTD CL B TECK	TECK	2,240,303	$133.2m1.90%	1.90%	Reduced -204.4k	-204,391 -8.4%
14	JANUS HENDERSON GROUP PLC ORD SHS ORD SHS		2,522,373	$131.0m1.87%	1.87%	Added +1.1m	+1,081,742 75.1%
15	ROKU INC COM CL A ROKU	ROKU	831,445	$113.8m1.62%	1.62%	New
16	TXNM ENERGY INC COM TXNM	TXNM	1,812,443	$102.9m1.47%	1.47%	Added +46.6k	+46,596 2.6%
17	AFFIRM HLDGS INC NOTE 0.750%12/1 · principal AFRM 0.75 12.15.29 · principal	AFRM 0.75 12.15.29	80,698,000	$94.4m1.34%	1.34%	Added +5.7m	+5,650,000 7.5%
18	SUPER MICRO COMPUTER INC NOTE 6/1 · principal SMCI 0 06.15.30 · principal	SMCI 0 06.15.30	99,561,000	$88.5m1.26%	1.26%	New
19	TRIP COM GROUP LTD NOTE 0.750% 6/1 · principal TCOM 0.75 06.15.29 · principal	TCOM 0.75 06.15.29	88,745,000	$87.6m1.25%	1.25%	Added +7.9m	+7,860,000 9.7%
20	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	80,375,000	$81.8m1.17%	1.17%	New
21	NORTHWESTERN ENERGY GROUP IN COM NEW NWE	NWE	1,094,832	$78.4m1.12%	1.12%	Added +12.9k	+12,885 1.2%
22	VALARIS LTD CL A VAL	VAL	1,049,607	$76.2m1.09%	1.09%	Added +439.9k	+439,896 72.2%
23	NUVALENT INC COM COM		601,633	$74.3m1.06%	1.06%	New
24	MAKEMYTRIP LIMITED MAURITIUS NOTE 7/0 · principal MMYT 0 07.01.30 · principal	MMYT 0 07.01.30	74,935,000	$68.3m0.97%	0.97%	New
25	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		4,137,058	$65.3m0.93%	0.93%	Added +1.0m	+1,008,605 32.2%
26	BRIGHTHOUSE FINL INC COM BHF	BHF	927,295	$58.7m0.84%	0.84%	Added +77.5k	+77,540 9.1%
27	APOGEE THERAPEUTICS INC COM COM		429,900	$57.1m0.81%	0.81%	New
28	BIO-TECHNE CORP COM TECH	TECH	761,868	$53.8m0.77%	0.77%	New
29	ORGANON & CO COMMON STOCK OGN	OGN	3,880,354	$52.4m0.75%	0.75%	New
30	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	1,575,430	$52.3m0.75%	0.75%	Added +232.4k	+232,406 17.3%
31	UNITY SOFTWARE INC NOTE 3/1 · principal U 0 03.15.30 · principal	U 0 03.15.30	45,262,000	$51.3m0.73%	0.73%	Added +246.0k	+246,000 0.6%
32	LIVERAMP HLDGS INC COM RAMP	RAMP	1,324,683	$49.8m0.71%	0.71%	New
33	NCR ATLEOS CORPORATION COM SHS NATL	NATL	1,148,113	$49.2m0.70%	0.70%	Added +363.9k	+363,877 46.4%
34	SELECT MED HLDGS CORP COM SEM	SEM	2,880,889	$47.6m0.68%	0.68%	Added +1.1m	+1,082,529 60.2%
35	GLOBAL PMTS INC NOTE 1.500% 3/0 · principal GPN 1.5 03.01.31 · principal	GPN 1.5 03.01.31	52,247,000	$47.0m0.67%	0.67%	Reduced -4.9m	-4,853,000 -8.5%
36	DOMINION ENERGY INC COM D	D	671,858	$45.9m0.65%	0.65%	New
37	FLUENCE ENERGY INC NOTE 2.250% 6/1 · principal FLNC 2.25 06.15.30 · principal	FLNC 2.25 06.15.30	35,207,000	$45.2m0.64%	0.64%	Added +9.5m	+9,507,000 37.0%
38	ALPHABET INC CAP STK CL C GOOG	GOOG	127,605	$45.1m0.64%	0.64%	Added +107.0k	+107,027 520.1%
39	NATIONAL STORAGE AFFILIATES COM SHS BEN IN NSA	NSA	923,781	$41.0m0.58%	0.58%	Added +469.5k	+469,527 103.4%
40	CRACKER BARREL OLD CTRY STOR NOTE 1.750% 9/1 · principal CBRL 1.75 09.15.30 · principal	CBRL 1.75 09.15.30	39,678,000	$40.7m0.58%	0.58%	New
41	PROGRESS SOFTWARE CORP NOTE 3.500% 3/0 · principal PRGS 3.5 03.01.30 · principal	PRGS 3.5 03.01.30	42,136,000	$40.5m0.58%	0.58%	Reduced -25.0k	-25,000 -0.1%
42	UPSTART HLDGS INC NOTE 1.000%11/1 · principal UPST 1 11.15.30 · principal	UPST 1 11.15.30	48,750,000	$40.0m0.57%	0.57%	Added +10.1m	+10,050,000 26.0%
43	STRATEGY INC NOTE 2.250% 6/1 · principal MSTR 2.25 06.15.32 · principal	MSTR 2.25 06.15.32	41,205,000	$39.4m0.56%	0.56%	Added +21.3m	+21,275,000 106.8%
44	UNIFIRST CORP MASS COM UNF	UNF	147,098	$38.9m0.55%	0.55%	Added +31.3k	+31,276 27.0%
45	TWO HBRS INVT CORP COM COM		3,094,518	$38.4m0.55%	0.55%	Added +1.1m	+1,073,434 53.1%
46	WEIBO CORP NOTE 1.375%12/0 · principal WB 1.375 12.01.30 · principal	WB 1.375 12.01.30	37,706,000	$37.9m0.54%	0.54%	Added +15.1m	+15,106,000 66.8%
47	ARRAY TECHNOLOGIES INC NOTE 2.875% 7/0 · principal ARRY 2.875 07.01.31 · principal	ARRY 2.875 07.01.31	30,241,000	$37.8m0.54%	0.54%	New
48	NIO INC NOTE 4.625%10/1 · principal NIO 4.625 10.15.30 · principal	NIO 4.625 10.15.30	37,180,000	$37.4m0.53%	0.53%	New
49	SKYWATER TECHNOLOGY INC COM COM		1,066,825	$37.1m0.53%	0.53%	Added +115.9k	+115,863 12.2%
50	GROUPON INC NOTE 4.875% 6/3 · principal GRPN 4.875 06.30.30 UNRS · principal	GRPN 4.875 06.30.30 UNRS	36,811,000	$36.4m0.52%	0.52%	Added +800.0k	+800,000 2.2%
51	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	30,715,000	$36.3m0.52%	0.52%	Added +13.7m	+13,725,000 80.8%
52	ARCOSA INC COM ACA	ACA	242,389	$35.2m0.50%	0.50%	New
53	JD.COM INC NOTE 0.250% 6/0 · principal JD 0.25 06.01.29 · principal	JD 0.25 06.01.29	34,830,000	$34.3m0.49%	0.49%	Reduced -3.2m	-3,220,000 -8.5%
54	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	1,061,720	$31.7m0.45%	0.45%	New
55	ETSY INC NOTE 1.000% 6/1 · principal ETSY 1 06.15.30 · principal	ETSY 1 06.15.30	26,450,000	$30.7m0.44%	0.44%	New
56	TOPBUILD CORP COM BLD	BLD	85,278	$30.2m0.43%	0.43%	New
57	STELLAR BANCORP INC COM COM		711,552	$28.0m0.40%	0.40%	Added +25.7k	+25,744 3.8%
58	AXALTA COATING SYS LTD COM AXTA	AXTA	743,767	$25.2m0.36%	0.36%	Added +361.2k	+361,152 94.4%
59	VERTEX INC NOTE 0.750% 5/0 · principal VERX 0.75 05.01.29 · principal	VERX 0.75 05.01.29	27,987,000	$25.0m0.36%	0.36%	Reduced -6.4m	-6,394,000 -18.6%
60	GLOBAL BUSINESS TRAVEL GROUP COM CL A COM CL A		2,592,426	$24.3m0.35%	0.35%	New
61	LEGGETT & PLATT INC COM LEG	LEG	2,038,126	$23.5m0.34%	0.34%	New
62	ORLA MNG LTD NEW COM OLA	OLA	2,333,922	$22.8m0.33%	0.33%	New
63	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		2,000,979	$22.7m0.32%	0.32%	Reduced -38.0k	-38,009 -1.9%
64	AVANOS MED INC COM AVNS	AVNS	895,333	$22.3m0.32%	0.32%	New
65	CHURCHILL CAP CORP XII UNIT 04/02/2031 CXIIU	CXIIU	2,024,126	$21.9m0.31%	0.31%	New
66	CATALYST PHARMACEUTICALS INC COM CPRX	CPRX	674,223	$21.2m0.30%	0.30%	New
67	ALPHATEC HLDGS INC NOTE 0.750% 3/1 · principal ATEC 0.75 03.15.30 · principal	ATEC 0.75 03.15.30	21,328,000	$20.4m0.29%	0.29%	Added +1.8m	+1,755,000 9.0%
68	BOLD EAGLE ACQUISITION CORP CL A BEAG	BEAG	1,898,570	$20.3m0.29%	0.29%	Unchanged
69	ARES ACQUISITION CORP III UNIT 99/99/9999 AAC.U	AAC.U	2,000,000	$20.1m0.29%	0.29%	New
70	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	278,088	$20.0m0.28%	0.28%	New
71	M3BRIGADE ACQUISITION V CORP CL A VLOS	VLOS	1,800,000	$19.5m0.28%	0.28%	New
72	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	6,046,463	$19.1m0.27%	0.27%	New
73	GENERAL CATALYST GBL RESIL M UNIT 04/13/2031 GCGRU	GCGRU	1,830,500	$18.8m0.27%	0.27%	New
74	GIGCAPITAL8 CORP ORD CL A GIW	GIW	1,741,396	$17.5m0.25%	0.25%	Added +48.4k	+48,427 2.9%
75	KEYSTONE ACQUISITION CORP UNIT 05/28/2031 KEYYU	KEYYU	1,723,275	$17.3m0.25%	0.25%	New
76	IRENIC ACQUISITION CORP UNIT 04/10/2031 IACQU	IACQU	1,611,286	$16.4m0.23%	0.23%	New
77	TITAN ACQUISITION CORP CL A TACH	TACH	1,573,737	$16.4m0.23%	0.23%	Reduced -22.8k	-22,750 -1.4%
78	ZIM INTEGRATED SHIPPING SERV SHS ZIM	ZIM	613,986	$16.0m0.23%	0.23%	Reduced -9.8k	-9,797 -1.6%
79	ALDEL FINL II INC CL A ALDF	ALDF	1,463,426	$15.6m0.22%	0.22%	Reduced -50.0k	-50,000 -3.3%
80	GP-ACT III ACQUISITION CORP CL A GPAT	GPAT	1,400,000	$15.2m0.22%	0.22%	Reduced -176.8k	-176,803 -11.2%
81	ARTIUS II ACQUISITION INC SHS CL A SHS CL A		1,440,225	$15.1m0.21%	0.21%	Added +8.0k	+8,042 0.6%
82	LIONHEART HOLDINGS SHS CL A CUB	CUB	1,400,000	$15.1m0.21%	0.21%	Reduced -151.8k	-151,784 -9.8%
83	RITHM ACQUISITION CORP CL A RAC	RAC	1,435,463	$15.0m0.21%	0.21%	Added +37.8k	+37,794 2.7%
84	LAUNCH ONE ACQUISITION CORP SHS CLASS A LPAA	LPAA	1,381,500	$15.0m0.21%	0.21%	Reduced -175.0k	-175,000 -11.2%
85	TALKSPACE INC COM TALK	TALK	2,883,106	$15.0m0.21%	0.21%	Added +446.0k	+445,990 18.3%
86	NEW PROVIDENCE ACQUISITION C USD CL A ORD SHS NPAC	NPAC	1,409,778	$14.6m0.21%	0.21%	Reduced -210.3k	-210,269 -13.0%
87	GIGCAPITAL9 CORP CL A GIX	GIX	1,473,524	$14.6m0.21%	0.21%	New
88	ANDRETTI ACQUISITION CORP II ORD SHS CL A POLE	POLE	1,350,637	$14.5m0.21%	0.21%	Reduced -34.3k	-34,346 -2.5%
89	GLOBALSTAR INC COM NEW GSAT	GSAT	177,549	$14.4m0.21%	0.21%	New
90	LAUNCH TWO ACQUISITION CORP. ORD SHS CL A LPBB	LPBB	1,345,494	$14.4m0.21%	0.21%	Reduced -142.5k	-142,500 -9.6%
91	PAYONEER GLOBAL INC COM PAYO	PAYO	2,025,659	$14.4m0.21%	0.21%	New
92	MOUNTAIN LAKE ACQUISIT CORP USD CL A ORD SHS MLAA	MLAA	1,449,082	$14.4m0.20%	0.20%	New
93	IDEA ACQUISITION CORP ORD SHS CL A IACO	IACO	1,447,895	$14.3m0.20%	0.20%	New
94	OAKTREE ACQUISITION CORP III SHS CL A OACC	OACC	1,324,175	$14.2m0.20%	0.20%	Unchanged
95	FIFTH ERA ACQUISITION CORP I ORD SHS CL A FERA	FERA	1,353,272	$14.1m0.20%	0.20%	Added +12.6k	+12,601 0.9%
96	KOCHAV DEFENSE ACQUI CO SHS CL A KCHV	KCHV	1,337,525	$13.9m0.20%	0.20%	Reduced -37.6k	-37,649 -2.7%
97	FACT II ACQUISITION CORP ORD SHS CL A FACT	FACT	1,281,595	$13.6m0.19%	0.19%	Unchanged
98	SIDDHI ACQUISITION CORP CL A SHS SDHI	SDHI	1,261,338	$13.1m0.19%	0.19%	Added +7.2k	+7,250 0.6%
99	XSOLLA SPAC 1 USD CL A ORD SHS XSLL	XSLL	1,311,956	$13.0m0.19%	0.19%	New
100	CARTESIAN GROWTH CORP IV UNIT 06/08/2031 CGCFU	CGCFU	1,296,720	$13.0m0.18%	0.18%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AIR LEASE CORP AL	AL	1,675,636	$108.8m1.7m shares
AMICUS THERAPEUTICS INC FOLD	FOLD	5,843,849	$84.5m5.8m shares
ONESTREAM INC OS	OS	3,393,367	$81.4m3.4m shares
HOLOGIC INC HOLX	HOLX	1,048,664	$79.3m1.0m shares
DRAFTKINGS INC NEW DKNG 0 03.15.28	DKNG 0 03.15.28	87,300,000	$78.7m87.3m shares
CLEARWATER ANALYTICS HLDGS I		3,295,740	$77.9m3.3m shares
DEXCOM INC DXCM 0.375 05.15.28	DXCM 0.375 05.15.28	83,673,000	$77.2m83.7m shares
COTERRA ENERGY INC CTRA	CTRA	2,108,811	$74.1m2.1m shares
MASIMO CORP MASI	MASI	416,956	$73.9m417.0k shares
SEALED AIR CORP NEW		1,752,560	$73.7m1.8m shares
TRI POINTE HOMES INC TPH	TPH	1,485,406	$69.4m1.5m shares
DAY ONE BIOPHARMACEUTICALS I		2,462,154	$52.8m2.5m shares
CSG SYS INTL INC		541,948	$43.3m541.9k shares
VISHAY INTERTECHNOLOGY INC VSH 2.25 09.15.30	VSH 2.25 09.15.30	36,564,000	$35.2m36.6m shares
ARCELLX INC ACLX	ACLX	231,730	$26.6m231.7k shares
SEMRUSH HLDGS INC SEMR	SEMR	2,045,903	$24.4m2.0m shares
GIGCAPITAL9 CORP GIXXU	GIXXU	2,178,000	$21.9m2.2m shares
JOBY AVIATION INC JOBY 0.75 02.15.32	JOBY 0.75 02.15.32	25,000,000	$21.2m25.0m shares
THERMON GROUP HLDGS INC		416,851	$21.0m416.9k shares
ALARM COM HLDGS INC ALRM 2.25 06.01.29	ALRM 2.25 06.01.29	19,950,000	$18.4m19.9m shares
PENGUIN SOLUTIONS INC PENG 2 08.15.30	PENG 2 08.15.30	17,421,000	$17.6m17.4m shares
SIM ACQUISITION CORP. I SIMA	SIMA	1,455,439	$15.6m1.5m shares
GRAF GLOBAL CORP TONT	TONT	1,436,852	$15.4m1.4m shares
VOYAGER ACQUISITION CORP		1,418,939	$15.2m1.4m shares
LEGATO MERGER CORP III		1,379,225	$15.2m1.4m shares