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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
+6.38%
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
$4.75B
AUM Growth
+$820M
(+21%)
Cap. Flow
-$43.7M
Cap. Flow
% of AUM
-0.92%
Top 10 Holdings %
Top 10 Hldgs %
20.65%
Holding
589
New
139
Increased
21
Reduced
114
Closed
92
Avg Time Held
0.6
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qorvo
QRVO
|
+$123M |
| 2 |
Teck Resources
TECK
|
+$91.3M |
| 3 |
Cadence Bank
CADE
|
+$86.3M |
| 4 |
Comerica
CMA
|
+$81.2M |
| 5 |
NGD
New Gold Inc
NGD
|
+$79.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Interpublic Group of Companies
IPG
|
+$101M |
| 2 |
Allete
ALE
|
+$91.1M |
| 3 |
Sandstorm Gold
SAND
|
+$75.9M |
| 4 |
Kellanova
K
|
+$72.1M |
| 5 |
VRNA
Verona Pharma
VRNA
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.11% |
| 2 | Miscellaneous | 26.86% |
| 3 | Technology | 9.31% |
| 4 | Industrials | 8.74% |
| 5 | Materials | 5.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
201
Cohen Circle Acquisition Corp II
CCII
$357M
| $3.89M | 0.08% |
379,938
-120,056
| -24% | -$1.23M |
2025 Q3
1 quarter
|
|
202
Drugs Made In America Acquisition Corp
DMAA
$264M
| $3.85M | 0.08% |
371,211
| – | – |
2025 Q1
3 quarters
|
|
203
HCM III Acquisition Corp
HCMA
$347M
| $3.82M | 0.08% |
+379,387
| New | +$3.86M |
2025 Q4
0 quarters
|
|
|
IPEX
204
DELISTED
Inflection Point Acquisition Corp V
IPEX
| $3.81M | 0.08% |
370,917
| – | – |
2025 Q1
3 quarters
|
|
205
Quartzsea Acquisition Corp
QSEA
| $3.79M | 0.08% |
369,960
| – | – |
2025 Q2
2 quarters
|
|
|
CCIX
206
DELISTED
Churchill Capital Corp IX
CCIX
| $3.75M | 0.08% |
352,581
| – | – |
2024 Q2
6 quarters
|
|
207
Cayson Acquisition Corp
CAPN
$59.8M
| $3.73M | 0.08% |
349,901
| – | – |
2024 Q4
4 quarters
|
|
208
ChampionsGate Acquisition Corp
CHPG
$105M
| $3.73M | 0.08% |
366,676
| – | – |
2025 Q3
1 quarter
|
|
209
Dynamix Corp
DYNC
$241M
| $3.7M | 0.08% |
359,872
| – | – |
2025 Q1
3 quarters
|
|
210
Rising Dragon Acquisition Corp
RDAC
$29.1M
| $3.63M | 0.08% |
347,804
| – | – |
2024 Q4
4 quarters
|
|
211
DELISTED
Guess Inc
GES
| $3.52M | 0.07% |
210,137
+25,610
| +14% | +$433K |
2025 Q3
1 quarter
|
|
212
FutureCrest Acquisition Corp
FCRS
$367M
| $3.5M | 0.07% |
+346,488
| New | +$3.5M |
2025 Q4
0 quarters
|
|
213
Future Vision II Acquisition Corp
FVN
$83.5M
| $3.45M | 0.07% |
326,215
| – | – |
2024 Q4
4 quarters
|
|
214
Calisa Acquisition Corp Units
ALISU
| $3.37M | 0.07% |
+322,560
| New | +$3.26M |
2025 Q4
0 quarters
|
|
215
Churchill Capital Corp XI Units
CCXIU
$339M
| $3.31M | 0.07% |
+324,536
| New | +$3.32M |
2025 Q4
0 quarters
|
|
|
CAEP
216
DELISTED
Cantor Equity Partners III
CAEP
| $3.29M | 0.07% |
322,249
| – | – |
2025 Q2
2 quarters
|
|
217
Quantumsphere Acquisition Corp
QUMS
| $3.23M | 0.07% |
+322,660
| New | +$3.22M |
2025 Q4
0 quarters
|
|
218
Crown Reserve Acquisition Corp I Unit
CRACU
$159M
| $3.22M | 0.07% |
+318,750
| New | +$3.22M |
2025 Q4
0 quarters
|
|
219
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
| $3.12M | 0.07% |
204,492
-69,993
| -25% | -$1.04M |
2023 Q2
10 quarters
|
|
220
Perimeter Acquisition Corp I
PMTR
| $3.1M | 0.07% |
301,692
| – | – |
2025 Q3
1 quarter
|
|
221
Yorkville Acquisition Corp
MCGA
$245M
| $3.08M | 0.06% |
303,867
| – | – |
2025 Q3
1 quarter
|
|
222
Miluna Acquisition Corp Units
MMTXU
| $3.08M | 0.06% |
+308,038
| New | +$3.08M |
2025 Q4
0 quarters
|
|
223
Silver Pegasus Acquisition Corp
SPEG
$160M
| $3.02M | 0.06% |
298,857
| – | – |
2025 Q3
1 quarter
|
|
224
StoneBridge Acquisition II Corp
APAC
| $2.95M | 0.06% |
+295,988
| New | +$2.93M |
2025 Q4
0 quarters
|
|
225
Karbon Capital Partners Corp Units
KBONU
$314M
| $2.88M | 0.06% |
+286,326
| New | +$2.88M |
2025 Q4
0 quarters
|
|
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AQR Arbitrage's Q4 2025 Portfolio in Review
As of Q4 2025, AQR Arbitrage held 589 positions worth $4.75B, up 21% from $3.93B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
AQR Arbitrage's Q4 2025 filing shows 139 new, 21 increased, 114 reduced and 92 closed positions. Its largest new stake was Qorvo: 1,398,701 shares worth $118M. The largest sale was Interpublic Group of Companies, an estimated $101M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 29% a quarter earlier, followed by Miscellaneous and Technology.
- AQR Arbitrage's largest Q4 2025 buy was Qorvo: 1,398,701 shares worth $118M.
- AQR Arbitrage added most to Teck Resources in Q4 2025, an estimated $91.3M increase.
- AQR Arbitrage's biggest Q4 2025 reduction was Boeing Co 6.00% Series A Preferred Stock, cutting an estimated $16.7M.
- AQR Arbitrage fully exited Interpublic Group of Companies in Q4 2025, selling an estimated $101M.
- AQR Arbitrage's ten largest holdings make up 21% of its $4.75B portfolio in Q4 2025.
- AQR Arbitrage opened 139 new positions and closed 92 in Q4 2025.
- AQR Arbitrage's portfolio value rose 21% quarter-over-quarter to $4.75B.
Based on AQR Arbitrage's 13F filing for Q4 2025, filed 17 Feb 2026.