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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
+11.52%
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
$2.48B
AUM Growth
+$250M
Cap. Flow
-$715M
Cap. Flow %
-28.87%
Top 10 Hldgs %
15.92%
Holding
859
New
65
Increased
151
Reduced
87
Closed
168

Top Buys

Rank Stock Value
1
HES
Hess
HES
+$31.7M
2
PXD
Pioneer Natural Resource Co.
PXD
+$30.6M
3
X
US Steel
X
+$29.6M
4
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
+$28.6M
5
IMGN
Immunogen Inc
IMGN
+$28.5M

Top Sells

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$51.3M
2
SGEN
Seagen Inc. Common Stock
SGEN
+$36.5M
3
ATVI
Activision Blizzard
ATVI
+$36.3M
4
VMW
VMware, Inc
VMW
+$28.1M
5
DEN
Denbury Inc.
DEN
+$26.5M

Sector Composition

Rank Sector Weight
1 Financials 12.2%
2 Healthcare 8.06%
3 Consumer Discretionary 3.81%
4 Technology 3.5%
5 Consumer Staples 2.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTHY
126
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$499M
$3.08M 0.12%
221,415
+106,674
+93% +$1.43M
HYAC
127
DELISTED
Haymaker Acquisition Corp 4
HYAC
$3.08M 0.12%
+299,998
New +$3.07M
ICVX
128
DELISTED
Icosavax, Inc. Common Stock
ICVX
$3M 0.12%
+190,269
New +$1.83M
HOVR icon
129
New Horizon Aircraft
HOVR
$119M
$2.97M 0.12%
330,000
+100,000
+43% +$1.05M
MSGS icon
130
Madison Square Garden
MSGS
$9.54B
$2.95M 0.12%
+16,259
New +$2.82M
BATRK icon
131
Atlanta Braves Holdings Series B
BATRK
$3.23B
$2.94M 0.12%
74,316
-10,732
-13% -$392K
ESMT
132
DELISTED
EngageSmart, Inc.
ESMT
$2.94M 0.12%
+128,304
New +$2.85M
MYN icon
133
BlackRock MuniYield New York Quality Fund
MYN
$374M
$2.9M 0.12%
280,535
+24,332
+9% +$228K
PDT
134
John Hancock Premium Dividend Fund
PDT
$634M
$2.87M 0.12%
269,257
+107,847
+67% +$1.09M
AFB
135
AllianceBernstein National Municipal Income Fund
AFB
$312M
$2.86M 0.12%
264,280
+28,198
+12% +$281K
CHEA
136
DELISTED
Chenghe Acquisition Co. Class A Ordinary Share
CHEA
$2.84M 0.11%
258,219
– –
LDP icon
137
Cohen & Steers Duration Preferred & Income Fund
LDP
$599M
$2.82M 0.11%
152,923
+38,491
+34% +$681K
CHW
138
Calamos Global Dynamic Income Fund
CHW
$544M
$2.81M 0.11%
487,199
+182,928
+60% +$1.01M
NAN icon
139
Nuveen New York Quality Municipal Income Fund
NAN
$371M
$2.79M 0.11%
252,750
+29,593
+13% +$297K
IGR
140
CBRE Global Real Estate Income Fund
IGR
$712M
$2.78M 0.11%
512,787
+163,848
+47% +$750K
DSM
141
BNY Mellon Strategic Municipal Bond Fund
DSM
$292M
$2.78M 0.11%
487,301
+9,909
+2% +$51.7K
ZTR
142
Virtus Total Return Fund
ZTR
$340M
$2.78M 0.11%
504,552
+170,847
+51% +$870K
BYM
143
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$2.77M 0.11%
247,392
+33,995
+16% +$352K
IVCA
144
DELISTED
Investcorp India Acquisition Corp
IVCA
$2.77M 0.11%
251,831
– –
AVK
145
Advent Convertible and Income Fund
AVK
$544M
$2.77M 0.11%
249,760
+174,575
+232% +$1.75M
GAM
146
General American Investors Company
GAM
$1.54B
$2.71M 0.11%
63,042
+3,358
+6% +$140K
MUE
147
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$2.68M 0.11%
267,957
+29,886
+13% +$280K
PARA
148
DELISTED
Paramount Global Class B
PARA
$2.68M 0.11%
181,513
+105,348
+138% +$1.41M
MIY icon
149
BlackRock MuniYield Michigan Quality Fund
MIY
$354M
$2.66M 0.11%
234,389
+28,475
+14% +$298K
NXJ
150
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$2.66M 0.11%
225,938
+21,334
+10% +$234K
4 5
6
7 8

Similar funds

JWBC
John W. Bristol & Co New York $6.08B AUM 16.51% 1-Year Est. Return
GA
Greenhaven Associates Purchase, New York $6.07B AUM 11.2% 1-Year Est. Return
CIS
Capital International Sarl Los Angeles, California $6.11B AUM 32.29% 1-Year Est. Return
EMPI
Elo Mutual Pension Insurance Espoo, Finland $6.06B AUM 24.33% 1-Year Est. Return
HCM
Howard Capital Management Roswell, Georgia $6.11B AUM 33.56% 1-Year Est. Return
HPG
Harvest Portfolios Group Oakville, Ontario, Canada $6.06B AUM 16.63% 1-Year Est. Return
DTC
Deep Track Capital Greenwich, Connecticut $6.12B AUM 144% 1-Year Est. Return
AWA
Arkadios Wealth Advisors Atlanta, Georgia $6.13B AUM 23.41% 1-Year Est. Return

AQR Arbitrage's Q4 2023 Portfolio in Review

As of Q4 2023, AQR Arbitrage held 859 positions worth $2.48B, up 11% from $2.23B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

AQR Arbitrage withdrew a net $715M in Q4 2023, closing 168 positions and reducing 87 holdings. Its most notable exit was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $51.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 17% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, AQR Arbitrage opened a new position in Hess worth $31.2M.

  • AQR Arbitrage's largest Q4 2023 buy was Hess: 216,329 shares worth $31.2M.
  • AQR Arbitrage added most to WestRock Company in Q4 2023, an estimated $11.8M increase.
  • AQR Arbitrage's biggest Q4 2023 reduction was Screaming Eagle Acquisition Corp. Class A Ordinary Shares, cutting an estimated $14.2M.
  • AQR Arbitrage fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $51.3M.
  • AQR Arbitrage's ten largest holdings make up 16% of its $2.48B portfolio in Q4 2023.
  • AQR Arbitrage opened 65 new positions and closed 168 in Q4 2023.
  • AQR Arbitrage's portfolio value rose 11% quarter-over-quarter to $2.48B.

Based on AQR Arbitrage's 13F filing for Q4 2023, filed 14 Feb 2024.