AQR Arbitrage Portfolio holdings
AQR Arbitrage specializes in merger arbitrage, convertible arbitrage and other event-driven strategies, and is a joint venture between AQR Capital Management and CNH Capital Management. It began managing money in 2001 and traded as CNH Partners until 2021. CNH Capital Management is majority-owned by Mark Mitchell and Todd Pulvino, while Clifford Asness is the principal owner of AQR Capital Management. In merger arbitrage it buys shares of the company being acquired, and when the buyer pays in its own stock it typically hedges by shorting the buyer's shares. In convertible arbitrage it buys convertible securities trading below their fundamental value. AQR Arbitrage is also hired by AQR to run the AQR Diversified Arbitrage Fund, and its clients include pension plans, charities, insurance companies and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roku
ROKU
|
+$101M |
| 2 |
AES
AES
|
+$79.3M |
| 3 |
Silicon Laboratories
SLAB
|
+$72.3M |
| 4 |
Electronic Arts
EA
|
+$67.7M |
| 5 |
Nuvalent
NUVL
|
+$64.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Lease Corp
AL
|
+$109M |
| 2 |
Amicus Therapeutics
FOLD
|
+$84.5M |
| 3 |
OS
OneStream Inc
OS
|
+$81.4M |
| 4 |
Hologic
HOLX
|
+$79.3M |
| 5 |
Clearwater Analytics
CWAN
|
+$77.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.15% |
| 2 | Miscellaneous | 21.77% |
| 3 | Communication Services | 8.57% |
| 4 | Utilities | 8.21% |
| 5 | Healthcare | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
AI Infrastructure Acquisition Corp
AIIA
$199M
| $4.72M | 0.07% |
461,206
+7,822
| +2% | +$79.2K |
2025 Q4
2 quarters
|
|
252
Emmis Acquisition Corp
EMIS
$163M
| $4.54M | 0.06% |
445,646
+690
| +0.2% | +$6.97K |
2025 Q4
2 quarters
|
|
253
Olin
OLN
$2.01B
| $4.53M | 0.06% |
+228,711
| New | +$5.98M |
2026 Q2
0 quarters
|
|
254
Proem Acquisition Corp I
PAAC
$179M
| $4.47M | 0.06% |
+450,173
| New | +$4.46M |
2026 Q2
0 quarters
|
|
255
Origin Investment Corp I
ORIQ
$90M
| $4.33M | 0.06% |
420,554
| – | – |
2025 Q3
3 quarters
|
|
|
VACI
256
DELISTED
Viking Acquisition Corp I
VACI
| $4.33M | 0.06% |
423,512
-9,248
| -2% | -$94.3K |
2026 Q1
1 quarter
|
|
|
APUR
257
Aperture AC
APUR
$148M
| $4.32M | 0.06% |
+436,260
| New | +$4.32M |
2026 Q2
0 quarters
|
|
258
Tailwind 2.0 Acquisition Corp
TDWD
$239M
| $4.27M | 0.06% |
425,616
+3,628
| +0.9% | +$36.3K |
2025 Q4
2 quarters
|
|
|
BCAR
259
DELISTED
D. Boral ARC Acquisition I Corp
BCAR
| $4.09M | 0.06% |
391,817
-406,358
| -51% | -$4.26M |
2025 Q3
3 quarters
|
|
|
ATLQU
260
JAB Acquisition Corp I Unit
ATLQU
$156M
| $4.05M | 0.06% |
+403,350
| New | +$4.04M |
2026 Q2
0 quarters
|
|
261
DELISTED
Quetta Acquisition Corp
QETA
| $3.97M | 0.06% |
347,489
| – | – |
2023 Q4
10 quarters
|
|
262
FutureCrest Acquisition Corp
FCRS
$368M
| $3.9M | 0.06% |
378,792
+43,796
| +13% | +$446K |
2025 Q4
2 quarters
|
|
263
HCM III Acquisition Corp
HCMA
$349M
| $3.9M | 0.06% |
379,387
| – | – |
2025 Q4
2 quarters
|
|
264
Patriot Acquisition Corp Units
PTACU
$202M
| $3.87M | 0.06% |
+388,568
| New | +$3.88M |
2026 Q2
0 quarters
|
|
265
Cohen Circle Acquisition Corp II
CCII
$360M
| $3.8M | 0.05% |
369,388
+3,436
| +0.9% | +$35.3K |
2025 Q3
3 quarters
|
|
|
IPEX
266
DELISTED
Inflection Point Acquisition Corp V
IPEX
| $3.75M | 0.05% |
357,145
+1,678
| +0.5% | +$17.5K |
2025 Q1
5 quarters
|
|
267
Quartzsea Acquisition Corp
QSEA
$109M
| $3.75M | 0.05% |
356,213
+1,925
| +0.5% | +$20.1K |
2025 Q2
4 quarters
|
|
268
Mountain Crest Acquisition 6 Corp Units
MCAHU
$62.7M
| $3.73M | 0.05% |
+366,100
| New | +$3.69M |
2026 Q2
0 quarters
|
|
269
Disciplined Growth Acquisition Corp Units
DGAC.U
| $3.72M | 0.05% |
+370,537
| New | +$3.71M |
2026 Q2
0 quarters
|
|
270
Burtech Acquisition Corp II Unit
BRKHU
$82.4M
| $3.7M | 0.05% |
+370,160
| New | +$3.7M |
2026 Q2
0 quarters
|
|
271
DELISTED
Dynamix Corp
DYNC
| $3.7M | 0.05% |
342,453
+1,451
| +0.4% | +$15.6K |
2025 Q1
5 quarters
|
|
272
ChampionsGate Acquisition Corp
CHPG
$105M
| $3.66M | 0.05% |
351,237
| – | – |
2025 Q3
3 quarters
|
|
273
Blue Acquisition Corp
BACC
$294M
| $3.63M | 0.05% |
342,689
-146,828
| -30% | -$1.52M |
2025 Q3
3 quarters
|
|
274
Vivmark Residential
VMRK
$49.5B
| $3.63M | 0.05% |
+53,828
| New | +$3.49M |
2026 Q2
0 quarters
|
|
275
Colombier Acquisition Corp III
CLBR
$402M
| $3.63M | 0.05% |
+353,760
| New | +$3.59M |
2026 Q2
0 quarters
|
|
Similar funds
AQR Arbitrage's Q2 2026 Portfolio in Review
As of Q2 2026, AQR Arbitrage held 738 positions worth $7.02B, up 15% from $6.09B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
AQR Arbitrage's Q2 2026 filing shows 177 new, 297 increased, 54 reduced and 104 closed positions. Its largest new stake was Roku: 831,445 shares worth $114M. The largest sale was Air Lease Corp, an estimated $109M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 31% a quarter earlier, followed by Miscellaneous and Communication Services.
- AQR Arbitrage's largest Q2 2026 buy was Roku: 831,445 shares worth $114M.
- AQR Arbitrage added most to AES in Q2 2026, an estimated $79.3M increase.
- AQR Arbitrage's biggest Q2 2026 reduction was Teck Resources, cutting an estimated $12.5M.
- AQR Arbitrage fully exited Air Lease Corp in Q2 2026, selling an estimated $109M.
- AQR Arbitrage's ten largest holdings make up 25% of its $7.02B portfolio in Q2 2026.
- AQR Arbitrage opened 177 new positions and closed 104 in Q2 2026.
- AQR Arbitrage's portfolio value rose 15% quarter-over-quarter to $7.02B.
Based on AQR Arbitrage's 13F filing for Q2 2026, filed 14 Aug 2026.