AQR Arbitrage LLC

CIK 0001167456 · Q2 2026

13F Equity AUM

$7.0B

+15.3% QoQ

Positions

631

+77 QoQ

AUM Rank

#673

Top 8%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 13.8%Top 10: 25.0%Top 20: 40.9%

EA3.1%

AES2.9%

WBS2.7%

NSC2.6%

PEN2.5%

GTLS2.4%

QRVO2.4%

KVUE2.3%

WTRG2.1%

WBD2.0%

Others (621)75.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Unclassified27.7%

Financial Services16.3%

Communication Services9.3%

Utilities8.8%

Technology7.9%

Healthcare7.7%

Industrials6.7%

Fixed Income3.7%

Other11.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 631Median: 0.04%Avg: 0.16%

0–0.5%

579(37.0%)

0.5–1%

29(18.9%)

1–3%

22(41.0%)

3–5%

1(3.1%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 631vs 20 funds

0%Low

631

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New194Increased308Decreased61Exited116

New Positions

DOORDASH INC2.0%

+142.8M

ROKU1.6%

+831K

SUPER MICRO COMPUTER…1.3%

+99.6M

GAMESTOP CORP1.2%

+80.4M

NUVL1.1%

+602K

MAKEMYTRIP LIMITED M…1.0%

+74.9M

APGE0.8%

+430K

TECH0.8%

+762K

OGN0.8%

+3.9M

RAMP0.7%

+1.3M

Increased

MSTR 2.25 06/15/320.6%

+21.3M(+107%)

WB 1.375 12/01/300.5%

+15.1M(+67%)

BABA 0.5 06/01/310.5%

+13.7M(+81%)

UPST 1 11/15/300.6%

+10.1M(+26%)

FLNC 2.25 06/15/300.6%

+9.5M(+37%)

TCOM 0.75 06/15/291.3%

+7.9M(+10%)

AFRM 0.75 12/15/291.3%

+5.7M(+8%)

AES2.9%

+5.5M(+66%)

KVUE2.3%

+2.9M(+51%)

ALPHATEC HLDGS INC0.3%

+1.8M(+9%)

Decreased

ON 0.5 03/01/290.0%

-84,640,000(-100%)

MSTR 0 12/01/290.0%

-62,150,000(-100%)

SMCI 3.5 03/01/290.0%

-52,505,000(-100%)

VERX 0.75 05/01/290.4%

-6,394,000(-19%)

GPN 1.5 03/01/310.7%

-4,853,000(-9%)

JD 0.25 06/01/290.5%

-3,220,000(-8%)

MELAR ACQUISITION CO…0.0%

-861,366(-86%)

ALFUW0.1%

-751,903(-43%)

INFINITE EAGLE ACQUI…0.1%

-592,515(-39%)

RANGE CAP ACQUISITIO…0.0%

-502,018(-70%)

Exited

-1,675,636

AM6

-5,843,849

-3,393,367

-1,048,664

-87,300,000

-3,295,740

-83,673,000

-2,108,811

-1,752,560

-416,956

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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