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AA
AQR Arbitrage Portfolio holdings
AUM
$6.09B
1-Year Est. Return
27.01%
This Fund
S&P 500
This Quarter
Est. Return
-2.84%
1 Year Est. Return
+27.01%
3 Year Est. Return
+77.25%
5 Year Est. Return
+160.09%
10 Year Est. Return
+1,244.43%
AUM
$2.99B
AUM Growth
-$2.93B
(-50%)
Cap. Flow
-$3.15B
Cap. Flow
% of AUM
-105.49%
Top 10 Holdings %
Top 10 Hldgs %
20.02%
Holding
648
New
182
Increased
47
Reduced
118
Closed
85
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$56.1M |
| 2 |
FG
FGL Holdings Ordinary Shares
FG
|
+$41M |
| 3 |
Willis Towers Watson
WTW
|
+$40.9M |
| 4 |
LM
Legg Mason, Inc.
LM
|
+$39.5M |
| 5 |
Qiagen
QGEN
|
+$37.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$135M |
| 2 |
MDCO
Medicines Co
MDCO
|
+$130M |
| 3 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$119M |
| 4 |
S
Sprint Corporation
S
|
+$114M |
| 5 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$97.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.26% |
| 2 | Healthcare | 11.07% |
| 3 | Financials | 9.57% |
| 4 | Consumer Discretionary | 8.23% |
| 5 | Industrials | 6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
DraftKings
DKNG
$12.1B
| – | – |
-600,000
| Closed | -$6.42M |
|
|
DOCU
452
DocuSign
DOCU
$11.1B
| – | – |
-59,294
| Closed | -$4.38M |
|
453
Euronet Worldwide
EEFT
$3.15B
| – | – |
-12,302
| Closed | -$1.94M |
|
454
Enbridge
ENB
$121B
| – | – |
-33,984
| Closed | -$1.35M |
|
|
EVF
455
Eaton Vance Senior Income Trust
EVF
$90.1M
| – | – |
-24,727
| Closed | -$159K |
|
|
EXAS
456
DELISTED
Exact Sciences
EXAS
| – | – |
-16,069
| Closed | -$1.48M |
|
457
Fox Class B
FOX
$22B
| – | – |
-114,617
| Closed | -$4.17M |
|
458
Hess Midstream
HESM
$5.22B
| – | – |
-30,300
| Closed | -$687K |
|
459
Jazz Pharmaceuticals
JAZZ
$16.1B
| – | – |
-7,659
| Closed | -$1.14M |
|
460
LivePerson
LPSN
$22.4M
| – | – |
-5,914
| Closed | -$3.28M |
|
461
NRX Pharmaceuticals
NRXP
$142M
| – | – |
-20,000
| Closed | -$2.12M |
|
462
Oneok
OKE
$57.1B
| – | – |
-16,899
| Closed | -$1.27M |
|
463
Pacific Biosciences
PACB
$435M
| – | – |
-6,953,621
| Closed | -$35.7M |
|
464
Impinj
PI
$4.04B
| – | – |
-54,044
| Closed | -$1.4M |
|
465
Pentair
PNR
$10.9B
| – | – |
-124,800
| Closed | -$5.72M |
|
466
Pennant Group
PNTG
$1.45B
| – | – |
-14,746
| Closed | -$488K |
|
467
Targa Resources
TRGP
$57.4B
| – | – |
-21,184
| Closed | -$858K |
|
468
Tesla
TSLA
$1.2T
| – | – |
-295,950
| Closed | -$8.22M |
|
469
UGI
UGI
$7.91B
| – | – |
-6,017
| Closed | -$271K |
|
470
Vertiv
VRT
$89.9B
| – | – |
-150,000
| Closed | -$1.66M |
|
471
Wayfair
W
$11.7B
| – | – |
-36,975
| Closed | -$3.34M |
|
472
Williams Companies
WMB
$86.2B
| – | – |
-31,910
| Closed | -$747K |
|
|
NKLA
473
DELISTED
Nikola Corporation Common Stock
NKLA
| – | – |
-13,000
| Closed | -$4.03M |
|
|
BFI
474
DELISTED
BurgerFi International, Inc. Common Stock
BFI
| – | – |
-100,000
| Closed | -$1.05M |
|
|
NSL
475
DELISTED
NUVEEN SENIOR INCM FD
NSL
| – | – |
-10,152
| Closed | -$61K |
|
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AQR Arbitrage's Q1 2020 Portfolio in Review
As of Q1 2020, AQR Arbitrage held 648 positions worth $2.99B, down 50% from $5.92B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
AQR Arbitrage withdrew a net $3.15B in Q1 2020, closing 85 positions and reducing 118 holdings. Its most notable exit was Wellcare Health Plans, Inc., an estimated $135M position sold in full.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 9.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, AQR Arbitrage opened a new position in E*Trade Financial Corporation worth $45.5M.
- AQR Arbitrage's largest Q1 2020 buy was E*Trade Financial Corporation: 1,327,217 shares worth $45.5M.
- AQR Arbitrage added most to IBERIABANK Corp in Q1 2020, an estimated $25.8M increase.
- AQR Arbitrage's biggest Q1 2020 reduction was Sprint Corporation, cutting an estimated $114M.
- AQR Arbitrage fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $135M.
- AQR Arbitrage's ten largest holdings make up 20% of its $2.99B portfolio in Q1 2020.
- AQR Arbitrage opened 182 new positions and closed 85 in Q1 2020.
- AQR Arbitrage's portfolio value fell 50% quarter-over-quarter to $2.99B.
Based on AQR Arbitrage's 13F filing for Q1 2020, filed 15 May 2020.