We are live on
!
Find out more
AQR Arbitrage Portfolio holdings
AUM
$7.02B
Turnover
38.08%
1-Year Est. Return
31.58%
This Fund
S&P 500
This Quarter
Est. Return
+6.86%
1 Year Est. Return
+31.58%
3 Year Est. Return
+85.2%
5 Year Est. Return
+165.35%
10 Year Est. Return
+1,250.25%
AUM
$6.09B
AUM Growth
+$1.34B
(+28%)
Cap. Flow
+$632M
Cap. Flow
% of AUM
10.38%
Top 10 Holdings %
Top 10 Hldgs %
21.04%
Holding
659
New
187
Increased
89
Reduced
230
Closed
103
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Penumbra
PEN
|
+$143M |
| 2 |
Webster Financial
WBS
|
+$123M |
| 3 |
AES
AES
|
+$123M |
| 4 |
Essential Utilities
WTRG
|
+$86.1M |
| 5 |
OS
OneStream Inc
OS
|
+$79.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CyberArk
CYBR
|
+$97M |
| 2 |
Cadence Bank
CADE
|
+$93.4M |
| 3 |
NGD
New Gold Inc
NGD
|
+$91.7M |
| 4 |
Comerica
CMA
|
+$87.7M |
| 5 |
Frontier Communications
FYBR
|
+$76.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.93% |
| 2 | Miscellaneous | 21.09% |
| 3 | Healthcare | 8.74% |
| 4 | Technology | 8.27% |
| 5 | Industrials | 7.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Valaris
VAL
$5.82B
| $59.8M | 0.98% |
+609,711
| New | +$47.5M |
2026 Q1
0 quarters
|
|
27
DELISTED
Day One Biopharmaceuticals
DAWN
| $52.8M | 0.87% |
+2,462,154
| New | +$34.7M |
2026 Q1
0 quarters
|
|
28
Brighthouse Financial
BHF
$2.8B
| $50.9M | 0.84% |
849,755
+283,601
| +50% | +$17.7M |
2025 Q4
1 quarter
|
|
29
DELISTED
DigitalBridge
DBRG
| $48.2M | 0.79% |
3,128,453
+2,015,562
| +181% | +$31M |
2025 Q4
1 quarter
|
|
30
DELISTED
CSG Systems International
CSGS
| $43.3M | 0.71% |
541,948
+38,253
| +8% | +$3.05M |
2025 Q4
1 quarter
|
|
31
NCR Atleos
NATL
$3.4B
| $33.7M | 0.55% |
+784,236
| New | +$32.4M |
2026 Q1
0 quarters
|
|
32
DELISTED
Select Medical
SEM
| $29.3M | 0.48% |
+1,798,360
| New | +$28.1M |
2026 Q1
0 quarters
|
|
33
Unifirst Corp
UNF
$4.79B
| $29.1M | 0.48% |
+115,822
| New | +$26.7M |
2026 Q1
0 quarters
|
|
34
DELISTED
Arcellx
ACLX
| $26.6M | 0.44% |
+231,730
| New | +$20.5M |
2026 Q1
0 quarters
|
|
35
DELISTED
SkyWater Technology
SKYT
| $26.1M | 0.43% |
+950,962
| New | +$28M |
2026 Q1
0 quarters
|
|
36
DELISTED
Stellar Bancorp
STEL
| $25.1M | 0.41% |
+685,808
| New | +$24.6M |
2026 Q1
0 quarters
|
|
37
DELISTED
Semrush
SEMR
| $24.4M | 0.4% |
2,045,903
+536,225
| +36% | +$6.37M |
2025 Q4
1 quarter
|
|
|
TWO
38
DELISTED
Two Harbors Investment
TWO
| $23.1M | 0.38% |
2,021,084
+932,441
| +86% | +$10.4M |
2025 Q4
1 quarter
|
|
|
ANSC
39
DELISTED
Agriculture & Natural Solutions Acquisition Corp
ANSC
| $23M | 0.38% |
2,038,988
+3,282
| +0.2% | +$36.9K |
2024 Q1
8 quarters
|
|
40
GigCapital9 Corp Units
GIXXU
| $21.9M | 0.36% |
+2,178,000
| New | +$21.9M |
2026 Q1
0 quarters
|
|
41
DELISTED
Thermon Group Holdings
THR
| $21M | 0.35% |
+416,851
| New | +$19.4M |
2026 Q1
0 quarters
|
|
42
Bold Eagle Acquisition Corp
BEAG
$335M
| $20M | 0.33% |
1,898,570
-121,793
| -6% | -$1.29M |
2024 Q4
5 quarters
|
|
43
Centurion Acquisition Corp
ALF
| $18.9M | 0.31% |
1,751,902
+2,260
| +0.1% | +$24.3K |
2024 Q3
6 quarters
|
|
44
GP-Act III Acquisition Corp
GPAT
| $17.1M | 0.28% |
1,576,803
+684
| +0% | +$7.36K |
2024 Q3
6 quarters
|
|
45
GigCapital8
GIW
$372M
| $16.9M | 0.28% |
1,692,969
-1,800
| -0.1% | -$17.9K |
2025 Q4
1 quarter
|
|
46
DELISTED
National Storage Affiliates Trust
NSA
| $16.8M | 0.28% |
+454,254
| New | +$15.3M |
2026 Q1
0 quarters
|
|
47
Lionheart Holdings
CUB
$285M
| $16.7M | 0.27% |
1,551,784
-20,560
| -1% | -$220K |
2024 Q3
6 quarters
|
|
48
Launch One Acquisition Corp
LPAA
$81.9M
| $16.6M | 0.27% |
1,556,500
-17,242
| -1% | -$184K |
2024 Q3
6 quarters
|
|
49
New Providence Acquisition Corp III
NPAC
$403M
| $16.6M | 0.27% |
1,620,047
+6,665
| +0.4% | +$68.7K |
2025 Q3
2 quarters
|
|
50
Titan Acquisition Corp
TACH
$364M
| $16.5M | 0.27% |
1,596,487
-70,425
| -4% | -$725K |
2025 Q2
3 quarters
|
|
Similar funds
BHM
AQR Arbitrage's Q1 2026 Portfolio in Review
As of Q1 2026, AQR Arbitrage held 659 positions worth $6.09B, up 28% from $4.75B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
AQR Arbitrage deployed $632M of net new capital in Q1 2026, opening 187 new positions and adding to 89 existing holdings. Its largest new stake was Penumbra: 423,073 shares worth $139M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was Axalta, an estimated $5.89M trimmed.
- AQR Arbitrage's largest Q1 2026 buy was Penumbra: 423,073 shares worth $139M.
- AQR Arbitrage added most to Essential Utilities in Q1 2026, an estimated $86.1M increase.
- AQR Arbitrage's biggest Q1 2026 reduction was Axalta, cutting an estimated $5.89M.
- AQR Arbitrage fully exited CyberArk in Q1 2026, selling an estimated $97M.
- AQR Arbitrage's ten largest holdings make up 21% of its $6.09B portfolio in Q1 2026.
- AQR Arbitrage opened 187 new positions and closed 103 in Q1 2026.
- AQR Arbitrage's portfolio value rose 28% quarter-over-quarter to $6.09B.
Based on AQR Arbitrage's 13F filing for Q1 2026, filed 15 May 2026.