AA

AQR Arbitrage LLC

Diversified strategyMomentum followerHigh-turnover trader

Total reported value

$6.1B

Reporting period: 2026-03-31 · Number of holdings: 556

AQR Arbitrage LLC disclosed 556 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $6.1B and a quarterly turnover rate of 87.1%.

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Personality snowflake

Concentration
3.83
Portfolio Stability
87.14
Momentum/Contrarian
100
Sector conviction
36.44
Diversification
100
Sizing Uniformity
79.2

Recent moves

  • Add WTRG

    +230.6%　$89.9M

  • Add EA

    +115.8%　$78.6M

  • Add JHG

    +444.5%　$61.4M

  • Add AM6

    +194.7%　$56.3M

  • Add TCOM 0.75 06-15-29

    +248.9%　$55.3M

  • Add WBD

    +121.7%　$54.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1EAElectronic Arts INCStock-Comm Services2.42%+0.97%+115.79%
2PENPenumbra INCStock-Healthcare2.28%+2.28%NEW
3QRVOQorvo INCStock-Tech2.20%—+23.62%
4GTLSChart Industries INCStock-Industrials2.19%+0.31%+48.65%
5NSCNorfolk Southern CORPStock-Industrials2.08%—+30.27%
6TECKTeck Resources Ltd-cls BStock-Materials2.08%—+3.33%
7WTRGEssential Utilities INCStock-Utilities2.07%+1.30%+230.62%
8WBSWebster Financial CORPStock-Financials2.03%+2.03%NEW
9AESAes CORPStock-Utilities1.90%+1.90%NEW
10ALAir Lease CORPStock-Other1.79%—+12.82%
11WBDWarner Bros Discovery INCStock-Comm Services1.71%+0.66%+121.72%
12TXNMTxnm Energy INCStock-Utilities1.70%+0.24%+49.65%
13KVUEKenvue INCStock-Consumer Staples1.56%+0.29%+59.45%
14AM6Amicus Therapeutics INCStock-Other1.39%+0.80%+194.68%
15TCOM 0.75 06-15-29Trip.com Group LTDStock-Consumer Disc1.38%+0.78%+248.94%
16ON 0.5 03-01-29On Semiconductor CORPStock-Tech1.37%—-6.15%
17K4FOnestream INCStock-Other1.34%+1.34%NEW
18HO1Hologic INCStock-Other1.30%+0.64%+149.89%
19DKNG 0 03-15-28Draftkings Holdings INCStock-Consumer Disc1.29%—-16.87%
20CWANClearwater Analytics Holdings, Inc.Stock-Tech1.28%+0.61%+149.65%
21DXCM 0.375 05-15-28Dexcom INCStock-Healthcare1.27%—+0.20%
22CTRACoterra Energy INCStock-Energy1.22%+1.22%NEW
23JHGJanus Henderson Group plcStock-Financials1.22%+0.96%+444.54%
24MASI*Masimo CORPStock-Other1.21%+1.21%NEW
25SDASealed Air CORPStock-Consumer Disc1.21%+0.29%+66.18%
26NWENorthwestern Energy Group InStock-Utilities1.17%+0.35%+78.24%
27AFRM 0.75 12-15-29Affirm Holdings INCStock-Financials1.16%+1.16%NEW
28T86Tri Pointe Homes INCStock-Other1.14%+1.14%NEW
29LBRDKLiberty Broadband-cStock-Comm Services1.11%—+25.60%
30SLABSilicon Laboratories INCStock-Tech1.06%+1.06%NEW
31VALValaris LimitedStock-Energy0.98%+0.98%NEW
32DAWNGBXDay One Biopharmaceuticals IStock-Other0.87%+0.87%NEW
33MSTR 0 12-01-29Strategy INCStock-Tech0.85%—+0.52%
34BHFBrighthouse Financial INCStock-Financials0.84%—+50.09%
35GPN 1.5 03-01-31Global Payments INCStock-Industrials0.83%—+39.52%
36DBRGDigitalbridge Group INCStock-Financials0.79%+0.43%+181.11%
37U 0 03-15-30Unity Software INCStock-Tech0.74%+0.74%NEW
38✓ Csg Systems International InStock-Other0.71%—+7.59%
39SMCI 3.5 03-01-29Super Micro Computer INCStock-Tech0.69%—-0.07%
40JD 0.25 06-01-29Jd.com INCStock-Consumer Disc0.62%—+32.12%
41PRGS 3.5 03-01-30Progress Software CORPStock-Other0.62%—+76.98%
42VSH 2.25 09-15-30Vishay IntertechnologyStock-Other0.58%—+37.41%
43NATLNcr Atleos CORPStock-Tech0.55%+0.55%NEW
44VERX 0.75 05-01-29Vertex INCStock-Other0.49%+0.49%NEW
45GRPN 4.875 06-30-30 UNRSGroupon INCStock-Other0.48%—+22.07%
46SEMSelect Medical Holdings CORPStock-Other0.48%+0.48%NEW
47UNFUnifirst Corp/maStock-Other0.48%+0.48%NEW
48UPST 1 11-15-30Upstart Holdings INCStock-Financials0.45%+0.45%NEW
49ACLXGBXArcellx INCStock-Other0.44%+0.44%NEW
50SKYTSkywater Technology INCStock-Other0.43%+0.43%NEW
1–50 of 556

Holding changes this quarter

AQR Arbitrage LLC's most significant position changes for 2026-03-31: New buy: Penumbra INC (PEN); New buy: Webster Financial CORP (WBS); New buy: Aes CORP (AES); Sold out: Cyberark Software LTD; Sold out: Cadence Bank (CADE).

Position changes disclosed by AQR Arbitrage LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1WTRGEssential Utilities INC+1.3%+230.62%Add
2EAElectronic Arts INC+1%+115.79%Add
3JHGJanus Henderson Group plc+1%+444.54%Add
4AM6Amicus Therapeutics INC+0.8%+194.68%Add
5TCOM 0.75 06-15-29Trip.com Group LTD+0.8%+248.94%Add
6WBDWarner Bros Discovery INC+0.7%+121.72%Add
7HO1Hologic INC+0.6%+149.89%Add
8CWANClearwater Analytics Holdings, Inc.+0.6%+149.65%Add
9DBRGDigitalbridge Group INC+0.4%+181.11%Add
10NWENorthwestern Energy Group In+0.4%+78.24%Add
11GTLSChart Industries INC+0.3%+48.65%Add
12KVUEKenvue INC+0.3%+59.45%Add
13SDASealed Air CORP+0.3%+66.18%Add
14TXNMTxnm Energy INC+0.2%+49.65%Add
15NSCNorfolk Southern CORP—+30.27%Add
16PENPenumbra INC—NEWNew buy
17WBSWebster Financial CORP—NEWNew buy
18AESAes CORP—NEWNew buy
19✓ Cyberark Software LTD—EXITSold out
20CADECadence Bank—EXITSold out
21NGDNNew Gold INC—EXITSold out
22CMAComerica INC—EXITSold out
23SNAP 0.5 05-01-30Snap INC—EXITSold out
24K4FOnestream INC—NEWNew buy
25FYBRFrontier Communications Pare—EXITSold out
26CTRACoterra Energy INC—NEWNew buy
27MASI*Masimo CORP—NEWNew buy
28AFRM 0.75 12-15-29Affirm Holdings INC—NEWNew buy
29T86Tri Pointe Homes INC—NEWNew buy
30SLABSilicon Laboratories INC—NEWNew buy
31VALValaris Limited—NEWNew buy
32DAWNGBXDay One Biopharmaceuticals I—NEWNew buy
33DAYDayforce INC—EXITSold out
34U 0 03-15-30Unity Software INC—NEWNew buy
35RIORio Tinto Plc-spon Adr—EXITSold out
368QRConfluent Inc-class A—EXITSold out
371RGRev Group INC—EXITSold out
38WT 3.25 08-15-29Wisdomtree INC—EXITSold out
39PATK 1.75 12-01-28Patrick Industries INC—EXITSold out
40CDTXCidara Therapeutics INC—EXITSold out
41NATLNcr Atleos CORP—NEWNew buy
429HIHillenbrand INC—EXITSold out
43VERX 0.75 05-01-29Vertex INC—NEWNew buy
44SEMSelect Medical Holdings CORP—NEWNew buy
45UNFUnifirst Corp/ma—NEWNew buy
46UPST 1 11-15-30Upstart Holdings INC—NEWNew buy
47BOX 1.5 09-15-29Box INC—EXITSold out
48ACLXGBXArcellx INC—NEWNew buy
49✓ —EXITSold out
50SKYTSkywater Technology INC—NEWNew buy

FAQ

What is AQR Arbitrage LLC and what type of investor is it?
AQR Arbitrage LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $6.1B, spread across 556 disclosed positions.
What are AQR Arbitrage LLC's largest equity positions?
Based on the latest 13F filing, AQR Arbitrage LLC's top holdings by market value are: 1. Electronic Arts INC (EA) — $147.5M (2.4%) 2. Penumbra INC (PEN) — $138.9M (2.3%) 3. Qorvo INC (QRVO) — $133.8M (2.2%) 4. Chart Industries INC (GTLS) — $133.2M (2.2%) 5. Norfolk Southern CORP (NSC) — $126.6M (2.1%)
What changes did AQR Arbitrage LLC make in its most recent portfolio filing?
In the latest reported quarter, AQR Arbitrage LLC made 50 notable position adjustments: 19 new positions were initiated, 15 existing holdings were added to, 0 positions were partially reduced, and 16 were completely exited. The largest of these moves: New buy: Penumbra INC (PEN); New buy: Webster Financial CORP (WBS); New buy: Aes CORP (AES); Sold out: Cyberark Software LTD; Sold out: Cadence Bank (CADE)
What sectors does AQR Arbitrage LLC focus on?
AQR Arbitrage LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 18.8% • Utilities: 14.3% • Financials: 13.9% • Industrials: 11.7% • Communication Services: 11.0% • Consumer Discretionary: 10.1%

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