AQR Arbitrage LLC
Follow13F filer, CIK 1167456, Greenwich, CT
AQR Arbitrage LLC reported $3,931,952,244 across 448 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 18.52% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001167456-25-000002
- Period
- 2025-09-30
- Reported value
- $3.93B
- Holdings
- 448
- Top 10 weight
- 18.52%
- New
- 178
- Sold out
- 120
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| Sandstorm Gold Ltdnew | +6,061,783 | $75.9M |
| ALnew | +1,008,638 | $64.2M |
| GTLSadded | +297,878 | $59.6M |
| CYBERARK SOFTWARE LTD/ISRAELnew | +122,381 | $59.1M |
| NSCnew | +196,319 | $58.9M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HESS CORPexited | -1,089,382 | -$151M |
| CHAMPIONX CORPORATIONexited | -3,611,153 | -$89.7M |
| AMEDISYS INCexited | -690,911 | -$67.8M |
| SPRINGWORKS THERAPEUTICS INCexited | -1,319,782 | -$62M |
| ENSTAR GROUP LIMITEDexited | -175,605 | -$59.1M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 392 share positions
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| DEXCOM INCDEXCOM INC NOTE 0.375% 5/1 | principal | 77,184,000 | $70.4M | +21,684,000 |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 | principal | 60,830,000 | $57.2M | +34,520,000 |
| PATRICK INDS INCPATRICK INDS INC NOTE 1.750%12/0 | principal | 32,387,000 | $52.5M | -12,000,000 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/0 | principal | 54,884,000 | $50.7M | -16,500,000 |
| TRANSOCEAN INCTRANSOCEAN INC DEB 4.625% 9/3 | principal | 36,150,000 | $42.8M | 0 |
| FIVE9 INCFIVE9 INC CNV | principal | 47,745,000 | $42.4M | +32,837,000 |
| WISDOMTREE INCWISDOMTREE INC NOTE 3.250% 8/1 | principal | 31,525,000 | $41.4M | new |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 42,640,000 | $39.4M | +19,315,000 |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION Convertible | principal | 31,595,000 | $34.9M | +9,420,000 |
| DRAFTKINGS INC NEWDRAFTKINGS INC NEW CNV | principal | 36,647,000 | $33M | -26,755,000 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 30,475,000 | $31.7M | -7,000,000 |
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 17,000,000 | $31.3M | new |
| JD.COM INCJD.COM INC NOTE 0.250% 6/0 | principal | 28,800,000 | $31M | new |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 19,092,000 | $29.9M | new |
| GROUPON INCGROUPON INC NOTE 4.875% 6/3 | principal | 29,500,000 | $27.2M | new |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 25,682,000 | $26.7M | -10,188,000 |
| FORD MOTOR COMPANYFORD MOTOR COMPANY NOTE 3/1 | principal | 25,250,000 | $25.7M | +25,000,000 |
| SNAP INCSNAP INC Convertible | principal | 27,375,000 | $23.5M | new |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 20,075,000 | $21.6M | new |
| PAGERDUTY INCPAGERDUTY INC NOTE 1.500%10/1 | principal | 21,286,000 | $20.9M | -4,967,000 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.250% 4/0 | principal | 16,390,000 | $20.6M | +16,285,000 |
| PENGUIN SOLUTIONS INCPENGUIN SOLUTIONS INC NOTE 2.000% 8/1 | principal | 17,071,000 | $20.4M | new |
| PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV | principal | 18,797,000 | $20.2M | new |
| ALARM COM HLDGS INCALARM COM HLDGS INC NOTE 2.250% 6/0 | principal | 20,975,000 | $20.2M | new |
| DROPBOX INCDROPBOX INC NOTE 3/0 | principal | 19,055,000 | $19.7M | -4,825,000 |
| VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 | principal | 21,609,000 | $19.7M | -1,000,000 |
| Dropbox IncDropbox Inc Convertible bond | principal | 18,650,000 | $18.4M | new |
| SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC NOTE 3.500% 3/0 | principal | 17,725,000 | $18.1M | -8,725,000 |
| Dynavax Technologies CorpDynavax Technologies Corp Convertible bond | principal | 19,100,000 | $17.9M | 0 |
| BENTLEY SYS INCBENTLEY SYS INC NOTE 0.375% 7/0 | principal | 18,765,000 | $17.7M | -1,000,000 |
| Shift4 Payments IncShift4 Payments Inc Convertible bond | principal | 15,040,000 | $15.5M | new |
| BIOMARIN PHARMACEUTICAL INCBIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 | principal | 14,125,000 | $13.4M | -40,000,000 |
| Shopify IncShopify Inc Convertible bond | principal | 8,000,000 | $8.42M | +7,000,000 |
| AMERICAN WTR CAP CORPAMERICAN WTR CAP CORP NOTE 3.625% 6/1 | principal | 7,075,000 | $7.09M | new |
| RAPID7 INCRAPID7 INC NOTE 1.250% 3/1 | principal | 6,310,000 | $5.6M | new |
| EXPEDIA GROUP INCEXPEDIA GROUP INC NOTE 2/1 | principal | 4,548,000 | $4.59M | new |
| BLACKLINE INCBLACKLINE INC NOTE 3/1 | principal | 4,600,000 | $4.5M | 0 |
| FUBOTV INCFUBOTV INC NOTE 3.250% 2/1 | principal | 4,063,000 | $4.02M | 0 |
| SPECTRUM BRANDS INCSPECTRUM BRANDS INC Convertible Bond | principal | 4,000,000 | $3.73M | new |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0 | principal | 3,555,000 | $3.58M | new |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 2,674,000 | $2.48M | -27,326,000 |
| MARRIOTT VACATION WORLDWMARRIOTT VACATION WORLDW NOTE 1/1 | principal | 1,000,000 | $986K | new |
| AIRBNB INC CLASS AAIRBNB INC CLASS A CLASS A | principal | 1,000,000 | $980K | 0 |
| PARSONS CORP DELPARSONS CORP DEL NOTE 2.625% 3/0 | principal | 500,000 | $571K | new |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD NOTE 2.000% 6/1 | principal | 330,000 | $352K | +125,000 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 3.500% 6/0 | principal | 60,000 | $268K | -40,242,000 |
| ALNYLAM PHARMACEUTICALS INCALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 | principal | 130,000 | $214K | new |
| BLACKLINE INCBLACKLINE INC NOTE 1.000% 6/0 | principal | 100,000 | $104K | 0 |
| COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0 | principal | 85,000 | $94.6K | -45,000 |
| RAPID7 INCRAPID7 INC NOTE 0.250% 3/1 | principal | 95,000 | $89.1K | new |
| MKS INC.MKS INC. NOTE 1.250% 6/0 | principal | 80,000 | $87.8K | 0 |
| EXACT SCIENCES CORPEXACT SCIENCES CORP NOTE 0.375% 3/1 | principal | 85,000 | $81.8K | 0 |
| SNAP INCSNAP INC NOTE 5/0 | principal | 75,000 | $69.4K | 0 |
| MARRIOTT VACATIONS WORLDWIDEMARRIOTT VACATIONS WORLDWIDE NOTE 3.250%12/1 | principal | 70,000 | $66.9K | new |
| DAYFORCE INCDAYFORCE INC NOTE 0.250% 3/1 | principal | 50,000 | $49K | new |
| SHIFT4 PMTS INCSHIFT4 PMTS INC NOTE 0.500% 8/0 | principal | 25,000 | $24.7K | new |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| HESS CORPHESS CORP | 1,089,382 | $151M | shares |
| STRIDE INCSTRIDE INC | 52,745,000 | $147M | principal |
| MIDDLEBY CORPMIDDLEBY CORP | 82,530,000 | $92.8M | principal |
| CHAMPIONX CORPORATIONCHAMPIONX CORPORATION | 3,611,153 | $89.7M | shares |
| MSTRSTRATEGY INC | 225,600 | $88.3M | put |
| MAKEMYTRIP LIMITED MAURITIUSMAKEMYTRIP LIMITED MAURITIUS | 32,425,000 | $82.7M | principal |
| LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN | 53,150,000 | $81.8M | principal |
| AMEDISYS INCAMEDISYS INC | 690,911 | $67.8M | shares |
| SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC | 1,319,782 | $62M | shares |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN | 34,440,000 | $62M | principal |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC | 41,805,000 | $59.8M | principal |
| ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED | 175,605 | $59.1M | shares |
| ANSYS INCANSYS INC | 155,912 | $54.6M | shares |
| EVERI HLDGS INCEVERI HLDGS INC | 3,821,475 | $54.4M | shares |
| SKXSKECHERS U S A INC | 688,810 | $43.5M | shares |
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC | 4,213,187 | $38.3M | shares |
| ROYAL CARIBBEAN GROUPROYAL CARIBBEAN GROUP | 6,000,000 | $37.9M | principal |
| JUNIPER NETWORKS INCJUNIPER NETWORKS INC | 915,995 | $36.5M | shares |
| GLOBAL PMTS INCGLOBAL PMTS INC | 38,500,000 | $34.6M | principal |
| MAG SILVER CORPMAG SILVER CORP | 1,445,955 | $30.6M | shares |
| FOOT LOCKER INCFOOT LOCKER INC | 1,197,915 | $29.3M | shares |
| TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW | 1,018,944 | $26.2M | shares |
| NPACUNEW PROVIDENCE ACQUISITION C | 2,200,000 | $23M | shares |
| ARES ACQUISITION CORP IIARES ACQUISITION CORP II | 1,875,229 | $21.2M | shares |
| SNAP INCSNAP INC | 23,944,000 | $20.8M | principal |
| LYFT INCLYFT INC | 19,175,000 | $20.5M | principal |
| BOFA FIN LLCBOFA FIN LLC | 20,275,000 | $19.9M | principal |
| ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DEL | 1,880,357 | $19.8M | shares |
| KCHVUKOCHAV DEFENSE ACQUI CO | 1,875,000 | $19.1M | shares |
| TVACUTEXAS VENTURES ACQUISITION I | 1,750,000 | $18M | shares |
| GTENUGORES HLDGS X INC | 1,500,000 | $15.6M | shares |
| XRPNUARMADA ACQUISITION CORP II | 1,499,633 | $15.3M | shares |
| WESTERN DIGITAL CORPWESTERN DIGITAL CORP | 8,490,000 | $15.3M | principal |
| SAREPTA THERAPEUTICS INCSAREPTA THERAPEUTICS INC | 21,000,000 | $15.2M | principal |
| OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS | 1,495,000 | $15.1M | shares |
| BLUWUBLUE WTR ACQUISITION CORP. I | 1,500,000 | $15M | shares |
| CARTESIAN GROWTH CORP IIICARTESIAN GROWTH CORP III | 1,460,000 | $14.8M | shares |
| IPCXUINFLECTION PT ACQUISITION CO | 1,400,000 | $14.7M | shares |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC | 1,273,107 | $14.6M | shares |
| SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC | 489,352 | $14.5M | shares |
| BLOOM ENERGY CORPBLOOM ENERGY CORP | 10,010,000 | $14.1M | principal |
| LWACULIGHTWAVE ACQUISITION CORP | 1,400,000 | $14.1M | shares |
| CRAQUCAL REDWOOD ACQUISITION CORP | 1,368,923 | $14M | shares |
| GROUPON INCGROUPON INC | 10,000,000 | $14M | principal |
| PCAPUPROCAP ACQUISITION CORP | 1,246,808 | $13.4M | shares |
| PACHUPIONEER ACQUISITION I CORP | 1,293,025 | $12.9M | shares |
| EGHAUEGH ACQUISITION CORP. | 1,217,000 | $12.4M | shares |
| AXINUAXIOM INTELLIGENCE AC CORP 1 | 1,200,000 | $12.1M | shares |
| OBAWUOXLEY BRIDGE ACQ LTD | 1,100,000 | $11M | shares |
| RDAGUREPUBLIC DIGITAL ACQUISITION | 1,000,000 | $10.6M | shares |
| PARSONS CORP DELPARSONS CORP DEL | 6,600,000 | $10.5M | principal |
| BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP | 80,179 | $10.3M | shares |
| WENNUWEN ACQUISITION CORP | 897,500 | $9.51M | shares |
| JENAUJENA ACQUISITION CORP II | 900,000 | $9.25M | shares |
| TVAIUTHAYER VENTURES ACQ CORP II | 890,200 | $9.05M | shares |
| ETSY INCETSY INC | 10,087,000 | $8.68M | principal |
| COPL/UCOPLEY ACQUISITION CORP | 830,000 | $8.36M | shares |
| FARO TECHNOLOGIES INCFARO TECHNOLOGIES INC | 177,276 | $7.79M | shares |
| SITIO ROYALTIES CORPSITIO ROYALTIES CORP | 384,364 | $7.06M | shares |
| BACCUBLUE ACQUISITION CORP. | 700,000 | $7.03M | shares |
| AMRZAMRIZE LTD | 133,000 | $6.59M | shares |
| SPARTANNASH COSPARTANNASH CO | 227,659 | $6.03M | shares |
| PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INC | 277,355 | $5.85M | shares |
| CHURCHILL CAP CORP XCHURCHILL CAP CORP X | 500,000 | $5.15M | shares |
| E2OPEN PARENT HOLDINGS INCE2OPEN PARENT HOLDINGS INC | 1,572,554 | $5.08M | shares |
| CHPGUCHAMPIONSGATE ACQUISITION CO | 485,000 | $4.93M | shares |
| TXNM ENERGY INCTXNM ENERGY INC | 3,500,000 | $4.55M | principal |
| MCGAUYORKVILLE ACQUISITION CORP. | 400,000 | $4.5M | shares |
| FOUR LEAF ACQUISITION CORPFOUR LEAF ACQUISITION CORP | 366,532 | $4.24M | shares |
| PMTRUPERIMETER ACQUISITION CORP I | 400,000 | $4.19M | shares |
| AZEK CO INCAZEK CO INC | 72,300 | $3.93M | shares |
| GMS INCGMS INC | 34,837 | $3.79M | shares |
| SAGE THERAPEUTICS INCSAGE THERAPEUTICS INC | 409,055 | $3.73M | shares |
| FIGXUFIGX CAP ACQUISITION CORP. | 305,884 | $3.06M | shares |
| QQQXNUVEEN NASDAQ 100 DYNAMIC OV | 116,834 | $3.06M | shares |
| LCCCULAKESHORE ACQUISITION III CO | 300,000 | $3.05M | shares |
| FLRFLUOR CORP | 59,015 | $3.03M | shares |
| GSR III ACQUISITION CORPGSR III ACQUISITION CORP | 256,832 | $2.77M | shares |
| ETWEATON VANCE TAX-MANAGED GLOB | 292,139 | $2.53M | shares |
| SNAPSNAP INC | 281,375 | $2.45M | shares |
| VERVE THERAPEUTICS INCVERVE THERAPEUTICS INC | 208,700 | $2.34M | shares |
| XEVTXEATON VANCE TAX ADVT DIV INC | 89,732 | $2.16M | shares |
| CINEMARK HLDGS INCCINEMARK HLDGS INC | 1,000,000 | $2.12M | principal |
| EMBRACE CHANGE ACQUISITN COREMBRACE CHANGE ACQUISITN COR | 150,000 | $1.81M | shares |
| COLOMBIER ACQUISITION CORP ICOLOMBIER ACQUISITION CORP I | 423,634 | $1.59M | shares |
| BSAAUBEST SPAC I ACQUISITION CORP | 150,000 | $1.51M | shares |
| PARAMOUNT GLOBALPARAMOUNT GLOBAL | 59,877 | $1.37M | shares |
| COHEN CIRCLE ACQUISIT…COHEN CIRCLE ACQUISITION … | 680,309 | $1.27M | shares |
| ARES ACQUISITION CORP II-28ARES ACQUISITION CORP II-28 | 1,099,999 | $1.21M | shares |
| WTGUUWINTERGREEN ACQUISITION CORP | 113,381 | $1.14M | shares |
| PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME | 97,296 | $891K | shares |
| XEXGXEATON VANCE TAX-MANAGED GLOB | 88,564 | $775K | shares |
| ETOEATON VANCE TAX-ADVANTAGED G | 23,412 | $637K | shares |
| XBOEXBLACKROCK ENHANCED GLOBAL | 51,257 | $582K | shares |
| GENVRGEN DIGITAL INC | 67,329 | $549K | shares |
| PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME | 44,974 | $373K | shares |
| FLUOR CORPFLUOR CORP | 250,000 | $328K | principal |
| Couchbase IncCouchbase Inc | 13,426 | $327K | shares |
| NEXTERA ENERGY CAP HLDGS INCNEXTERA ENERGY CAP HLDGS INC | 280,000 | $319K | principal |
| BZAIBLAIZE HLDGS INC | 100,000 | $298K | shares |
| NICE LTDNICE LTD | 300,000 | $297K | principal |
| RMTROYCE MICRO-CAP TR INC | 29,271 | $269K | shares |
| LEOBNY MELLON STRATEGIC MUNS IN | 42,438 | $251K | shares |
| WELLS FARGO & COWELLS FARGO & CO | 190 | $224K | shares |
| XPCQXPIMCO CALIF MUN INCOME FD | 25,397 | $217K | shares |
| JVSPAC ACQUISITION CORPJVSPAC ACQUISITION CORP | 201,049 | $175K | shares |
| UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC | 125,000 | $150K | principal |
| JHSHANCOCK JOHN INCOME SECS TR | 12,688 | $143K | shares |
| BLOOM ENERGY CORPBLOOM ENERGY CORP | 40,000 | $59.3K | principal |
| DMY SQUARED TECHNOLOGY GROUPDMY SQUARED TECHNOLOGY GROUP | 22,759 | $43.5K | shares |
| DISTOKEN ACQUISITION CORP (…DISTOKEN ACQUISITION CORP (U.S.) … | 125,000 | $35.1K | shares |
| Chenghe Acquisition II CoChenghe Acquisition II Co | 406,650 | $24.4K | shares |
| BGLWWBLUE GOLD LTD | 118,227 | $22.5K | shares |
| 00 | 193,214 | $22.1K | shares |
| CYCUWCYCURION INC | 314,189 | $18.9K | shares |
| Distoken Acquisition CorpDistoken Acquisition Corp | 117,869 | $13.1K | shares |
| FOXXWFOXX DEV HLDGS INC | 77,053 | $9.25K | shares |
| DAICWCID HOLDCO INC | 86,043 | $6.8K | shares |
| EMCWFEMBRACE CHANGE ACQUISITION COR | 193,214 | $3.86K | shares |
| LONGEVITY HEALTH HLDGS INCLONGEVITY HEALTH HLDGS INC | 45,575 | $1.06K | shares |
How Q3 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001167456-25-000002 | base | 2025-11-14 | acceptance time not in the bulk data set |