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 | |
|---|---|---|---|---|---|---|---|
351
United Acquisition Corp I
UAC
| $462K | 0.01% |
+46,496
| New | +$460K |
2026 Q2
0 quarters
|
|
352
Fifth Era Acquisition Corp I Rights
FERAR
| $461K | 0.01% |
1,396,848
+8,901
| +0.6% | +$2.59K |
2025 Q2
4 quarters
|
|
353
GigCapital8 Rights
GIWWR
| $445K | 0.01% |
1,712,969
+20,000
| +1% | +$6.2K |
2025 Q4
2 quarters
|
|
354
Silicon Valley Acquisition Corp Warrants
SVAQW
$3.22M
| $424K | 0.01% |
562,209
+9,386
| +2% | +$4.07K |
2026 Q1
1 quarter
|
|
355
Einride AB Warrants
ENRDW
$1.17M
| $424K | 0.01% |
+705,916
| New | +$446K |
2026 Q2
0 quarters
|
|
356
Evernorth Holdings Inc. Warrants
XRPNW
$17.6M
| $417K | 0.01% |
556,426
+5,635
| +1% | +$4.36K |
2025 Q3
3 quarters
|
|
|
HVIIR
357
DELISTED
Hennessy Capital Investment Corp VII Rights
HVIIR
| $413K | 0.01% |
1,289,107
+10,094
| +0.8% | +$3.6K |
2025 Q1
5 quarters
|
|
358
Berto Acquisition Corp Warrant
TACOW
| $411K | 0.01% |
563,549
+3,576
| +0.6% | +$1.93K |
2025 Q2
4 quarters
|
|
359
Factorial Energy Inc Warrant
FACWW
$9.1M
| $395K | 0.01% |
316,073
-203,321
| -39% | -$266K |
2025 Q3
3 quarters
|
|
360
FACT II Acquisition Corp Warrant
FACTW
$1.31M
| $386K | 0.01% |
643,693
+2,895
| +0.5% | +$1.92K |
2024 Q4
6 quarters
|
|
361
GigCapital9 Corp Rights
GIXXR
| $383K | 0.01% |
+1,473,524
| New | +$427K |
2026 Q2
0 quarters
|
|
362
Blue Acquisition Corp Right
BACCR
| $376K | 0.01% |
537,284
+3,044
| +0.6% | +$1.06K |
2025 Q3
3 quarters
|
|
363
Texas Ventures Acquisition III Corp Warrants
TVACW
$2.14M
| $348K | 0.01% |
656,455
+3,440
| +0.5% | +$1.78K |
2025 Q3
3 quarters
|
|
364
Inflection Point Acquisition Corp VI Warrant
IPFXW
$4.22M
| $346K | ﹤0.01% |
+185,761
| New | +$285K |
2026 Q2
0 quarters
|
|
365
Axiom Intelligence Acquisition Corp 1 Right
AXINR
| $343K | ﹤0.01% |
925,199
+7,899
| +0.9% | +$2.64K |
2025 Q3
3 quarters
|
|
366
EGH Acquisition Corp Rights
EGHAR
| $336K | ﹤0.01% |
896,360
+7,800
| +0.9% | +$2.76K |
2025 Q3
3 quarters
|
|
367
Rithm Acquisition Corp Warrants
RAC.WS
| $325K | ﹤0.01% |
492,046
+10,000
| +2% | +$6.21K |
2025 Q2
4 quarters
|
|
368
Lionheart Holdings Warrant
CUBWW
| $319K | ﹤0.01% |
863,470
+2,483
| +0.3% | +$582 |
2024 Q3
7 quarters
|
|
|
AACBR
369
DELISTED
Artius II Acquisition Inc Rights
AACBR
| $315K | ﹤0.01% |
1,499,545
+12,140
| +0.8% | +$3.11K |
2025 Q2
4 quarters
|
|
370
Inflection Point Acquisition Corp. VII Warrant
IPXGW
| $312K | ﹤0.01% |
239,849
+3,588
| +2% | +$2.14K |
2026 Q1
1 quarter
|
|
371
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$6.26B
| $305K | ﹤0.01% |
4,500
| – | – |
2025 Q2
4 quarters
|
|
372
GSR IV Acquisition Corp Rights
GSRFR
| $304K | ﹤0.01% |
138,125
+3,599
| +3% | +$8.4K |
2025 Q4
2 quarters
|
|
373
Siddhi Acquisition Corp Right
SDHIR
| $300K | ﹤0.01% |
1,316,343
+10,945
| +0.8% | +$2.29K |
2025 Q2
4 quarters
|
|
374
DELISTED
Churchill Capital Corp XI Warrants
CCXIW
| $294K | ﹤0.01% |
40,583
+7,876
| +24% | +$11.3K |
2026 Q1
1 quarter
|
|
375
Kochav Defense Acquisition Corp Right
KCHVR
| $291K | ﹤0.01% |
1,438,645
+12,351
| +0.9% | +$2.91K |
2025 Q3
3 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.