AQR Arbitrage LLC

CIK: 0001167456SEC EDGAR →

Portfolio Value

$4.8B

Holdings

497

As of

Q4 2025

New Positions

100

Closed Positions

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	QRVO QORVO INC	1,398,701	$118.2M	2.49%
2	TECK/B TECK RESOURCES LTD	2,366,021	$113.3M	2.38%
3	NSC NORFOLK SOUTHN CORP	342,479	$98.9M	2.08%
4	CYBR CYBERARK SOFTWARE LTD	217,384	$97.0M	2.04%
5	DKNG 0 03/15/28 DRAFTKINGS INC NEW	105,022,000	$96.1M	2.02%
6	AL AIR LEASE CORP	1,485,209	$95.4M	2.01%
7	CADE CADENCE BANK	2,179,665	$93.4M	1.96%
8	NGD NEW GOLD INC CDA	10,530,591	$91.7M	1.93%
9	GTLS CHART INDS INC	433,498	$89.4M	1.88%
10	CMA COMERICA INC	1,009,326	$87.7M	1.85%

Quarterly Changes

Top Buys

QRVONEW

$118.2M

TECK/B↑ Increased

$101.9M

CADENEW

$93.4M

NGDNEW

$91.7M

CMANEW

$87.7M

Top Sells

IPGCLOSED

$101.4M

AEBACLOSED

$91.1M

AYS1CLOSED

$75.9M

KELCLOSED

$72.1M

AKAM 1.125 02/15/29↓ Decreased

$57.0M

New Positions (159)

QRVO

$118.2M · 1.4M shares

CADE

$93.4M · 2.2M shares

NGD

$91.7M · 10.5M shares

CMA

$87.7M · 1.0M shares

KVUE

$60.4M · 3.5M shares

MSTR 0 12/01/29

$51.2M · 62.1M shares

$49.9M · 1.7M shares

$43.7M · 1.1M shares

$42.5M · 1.4M shares

$41.4M · 680K shares

$38.6M · 504K shares

$36.8M · 40.9M shares

BHF

$36.7M · 566K shares

WTRG

$36.4M · 949K shares

CDTX

$34.8M · 158K shares

$33.2M · 1.0M shares

CWAN

$31.8M · 1.3M shares

HOLX

$31.3M · 420K shares

TCOM 0.75 06/15/29

$28.6M · 23.2M shares

AM6

$28.2M · 2.0M shares

BOX 1.5 09/15/29

$26.9M · 27.6M shares

WB 1.375 12/01/30

$25.9M · 22.3M shares

MCHP 0.75 06/01/30

$23.0M · 23.4M shares

MSTR 2.25 06/15/32

$22.1M · 19.9M shares

EXAS

$19.5M · 192K shares

WK 1.25 08/15/28

$19.4M · 19.6M shares

$18.4M · 568K shares

$17.9M · 1.5M shares

$17.1M · 1.1M shares

$16.8M · 1.7M shares

$15.2M · 303K shares

$15.1M · 62K shares

$15.1M · 209K shares

$12.7M · 1.3M shares

$12.6M · 265K shares

CSLM DIGITA ASSET ACQ CORP I

$12.1M · 1.2M shares

BAIN CAP GSS INVT CORP

$11.9M · 1.2M shares

$11.9M · 1.2M shares

$11.6M · 408K shares

$11.4M · 1.2M shares

$11.4M · 1.1M shares

$11.4M · 1.1M shares

$11.4M · 1.2M shares

$11.2M · 1.1M shares

SILICON VY ACQUISITION CORP

$10.9M · 1.1M shares

RANGE CAP ACQUISITION CORP I

$10.9M · 1.1M shares

$10.6M · 1.1M shares

$10.6M · 1.1M shares

$10.4M · 1.0M shares

$9.7M · 974K shares

$9.7M · 244K shares

SPRING VY ACQUISITION CORP I

$9.5M · 934K shares

MCKINLEY ACQUISITION CORP

$9.5M · 951K shares

GSRF

$9.3M · 934K shares

JBLU 2.5 09/01/29

$9.1M · 9.4M shares

AEAQ

$9.1M · 910K shares

GENERAL PURP ACQUISITION COR

$9.1M · 905K shares

BDCI

$8.9M · 889K shares

TALON CAP CORP

$8.5M · 845K shares

$8.2M · 627K shares

$8.2M · 813K shares

$8.2M · 532K shares

$8.0M · 809K shares

$8.0M · 799K shares

$7.9M · 206K shares

$7.8M · 776K shares

$7.8M · 782K shares

$7.8M · 776K shares

$7.3M · 733K shares

$6.8M · 525K shares

$6.7M · 677K shares

$6.7M · 665K shares

LAFAYETTE ACQUISITION CORP

$6.5M · 660K shares

$6.5M · 652K shares

$6.5M · 645K shares

$6.1M · 296K shares

$6.1M · 280K shares

$5.9M · 375K shares

$5.9M · 594K shares

SOCIAL COMM PARTNERS CORP

$5.8M · 583K shares

$5.8M · 579K shares

$5.7M · 571K shares

$5.7M · 977K shares

$5.6M · 562K shares

$5.6M · 560K shares

$5.6M · 565K shares

$5.5M · 554K shares

$5.4M · 545K shares

$5.2M · 523K shares

$5.1M · 513K shares

$5.1M · 188K shares

$4.9M · 409K shares

$4.8M · 74K shares

$4.6M · 467K shares

$4.6M · 4.6M shares

$4.6M · 461K shares

$4.5M · 448K shares

$4.4M · 446K shares

$3.8M · 379K shares

$3.5M · 346K shares

$3.4M · 323K shares

$3.3M · 325K shares

$3.2M · 323K shares

CROWN RESV ACQUISITION CORP

$3.2M · 319K shares

MMTX

$3.1M · 308K shares

STONEBRIDGE ACQUISITION II C

$2.9M · 296K shares

KBONU

$2.9M · 286K shares

CIVI

$2.7M · 98K shares

CEPF

$2.6M · 257K shares

TNDM 1.5 03/15/29 2024

$2.5M · 2.5M shares

$2.5M · 252K shares

$2.4M · 110K shares

$2.0M · 198K shares

$2.0M · 194K shares

$1.7M · 43K shares

$1.4M · 135K shares

$1.3M · 1.3M shares

$1.2M · 77K shares

$1.1M · 108K shares

$858K · 186K shares

$650K · 600K shares

$525K · 1.7M shares

$501K · 91K shares

$412K · 90K shares

$383K · 135K shares

$314K · 133K shares

CSLM DIGITA ASSET ACQ CORP I

$212K · 607K shares

SPRING VY ACQUISITION CORP I

$193K · 311K shares

RANGE CAP ACQUISITION CORP I

$174K · 545K shares

$171K · 634K shares

$164K · 256K shares

$162K · 580K shares

$161K · 1.2M shares

BAIN CAP GSS INVT CORP

$154K · 237K shares

BTC DEV CORP

$151K · 222K shares

MSTR 0.625 09/15/28

$146K · 125K shares

LKSP

$144K · 78K shares

TALON CAP CORP

$143K · 282K shares

$140K · 381K shares

$121K · 467K shares

$120K · 125K shares

$117K · 244K shares

$108K · 283K shares

$104K · 951K shares

$90K · 80K shares

$90K · 226K shares

$89K · 660K shares

$86K · 297K shares

$73K · 446K shares

$69K · 461K shares

$64K · 323K shares

$63K · 87K shares

$60K · 126K shares

$60K · 277K shares

$52K · 262K shares

$48K · 50K shares

$35K · 296K shares

$25K · 33K shares

$12K · 198K shares

Closed Positions (110)

IPG

$101.4M · 3.6M shares

$91.1M · 1.4M shares

$75.9M · 6.1M shares

$72.1M · 881K shares

$54.8M · 514K shares

$52.4M · 5.3M shares

WNS HLDGS LTD

$50.9M · 667K shares

RIG 4.625 09/30/29 *

$42.8M · 36.1M shares

S9Q

$35.9M · 930K shares

WKC 3.25 07/01/28

$34.9M · 31.6M shares

HN9

$33.6M · 5.1M shares

ETSY 0.125 10/01/26

$31.7M · 30.5M shares

INFA1EUR

$30.7M · 1.2M shares

VBTX

$27.3M · 813K shares

FE 4 05/01/26

$26.7M · 25.7M shares

KKR 6.25 03/01/28 D

$26.2M · 500K shares

GJB

$23.9M · 1.4M shares

DUK 4.125 04/15/26

$21.6M · 20.1M shares

PNW 4.75 06/15/27

$20.2M · 18.8M shares

MRUS

$19.3M · 205K shares

DVAX 2 03/15/30

$17.9M · 19.1M shares

TRML

$17.9M · 375K shares

VMEO*

$17.4M · 2.2M shares

FOUR 0 12/15/25

$15.5M · 15.0M shares

BCSS

$15.0M · 1.5M shares

DMII

$14.9M · 1.5M shares

37M

$14.7M · 1.0M shares

SPRING VY ACQUISITION CORP I

$13.5M · 1.3M shares

BMRN 1.25 05/15/27

$13.4M · 14.1M shares

GSRF

$13.2M · 1.3M shares

HVMC

$12.8M · 1.3M shares

CSLM DIGITA ASSET ACQ CORP I

$12.3M · 1.2M shares

$12.0M · 128K shares

$11.6M · 1.2M shares

$11.6M · 1.1M shares

$11.3M · 1.1M shares

$10.8M · 763K shares

$10.5M · 460K shares

$10.3M · 1.0M shares

$10.1M · 992K shares

$9.6M · 252K shares

$9.5M · 951K shares

$9.0M · 900K shares

$8.8M · 433K shares

M3BRIGADE ACQUISITION V CORP

$8.8M · 831K shares

SHOPCN 0.125 11/01/25

$8.4M · 8.0M shares

OTGA

$8.1M · 800K shares

SPNS

$8.0M · 186K shares

MAC COPPER LIMITED

$7.8M · 640K shares

$7.0M · 700K shares

$6.3M · 372K shares

$6.0M · 600K shares

$5.9M · 584K shares

$5.6M · 6.3M shares

$5.3M · 992K shares

NABORS ENERGY TRANSITION COR

$5.3M · 470K shares

$5.1M · 436K shares

$5.0M · 180K shares

$4.8M · 702K shares

$4.6M · 4.5M shares

$4.5M · 149K shares

$4.4M · 296K shares

$4.2M · 401K shares

$4.0M · 610K shares

$3.9M · 379K shares

$3.7M · 375K shares

$3.7M · 347K shares

$3.4M · 177K shares

$3.3M · 118K shares

$3.3M · 323K shares

$3.2M · 419K shares

GSR III ACQUISITION CORP

$2.5M · 297K shares

$2.4M · 120K shares

$2.3M · 44K shares

$2.2M · 146K shares

$2.0M · 39K shares

$1.9M · 151K shares

$1.9M · 181K shares

ALPHAVEST ACQUISITION CORP

$1.8M · 150K shares

HCM II ACQUISITION CORP

$1.3M · 241K shares

CHW

$1.2M · 153K shares

HTD

$972K · 39K shares

$592K · 44K shares

$492K · 39K shares

$489K · 2K shares

$419K · 377K shares

$352K · 330K shares

IRON HORSE ACQUISITIONS CORP

$332K · 455K shares

$298K · 230K shares

$292K · 17K shares

$290K · 25K shares

$268K · 60K shares

$267K · 13K shares

$256K · 48K shares

$230K · 459K shares

$214K · 130K shares

ALPHAVEST ACQUISITION CORP

$210K · 345K shares

NABORS ENERGY TRANSITION COR

$135K · 495K shares

$89K · 95K shares

$88K · 80K shares

$73K · 398K shares

$39K · 246K shares

$36K · 149K shares

ABPRO HLDGS INC

$20K · 88K shares

$16K · 246K shares

$16K · 437K shares

$4K · 106K shares

$2K · 14K shares

$2K · 32K shares

$813 · 48K shares

Sector Breakdown

Sector	# Holdings	Value	%
Unknown	123	$1.8B	37.2%
Financial Services	284	$1.4B	29.2%
Technology	49	$490.2M	10.3%
Industrials	7	$328.9M	6.9%
Communication Services	6	$189.4M	4.0%
Basic Materials	4	$153.0M	3.2%
Utilities	3	$145.1M	3.1%
Healthcare	9	$104.0M	2.2%
Consumer Cyclical	5	$75.2M	1.6%
Consumer Defensive	3	$72.1M	1.5%
Real Estate	3	$34.6M	0.7%
Energy	1	$858K	0.0%