AQR Arbitrage LLC

CIK 0001167456 · Q1 2026

13F Equity AUM

$6.1B

+28.1% QoQ

Positions

554

+58 QoQ

AUM Rank

#897

Top 7%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 11.2%Top 10: 21.0%Top 20: 35.4%

EA2.4%

PEN2.3%

QRVO2.2%

GTLS2.2%

NSC2.1%

TECK/B2.1%

WTRG2.1%

WBS2.0%

AES1.9%

AL1.8%

Others (544)79.0%

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

Sector Allocation

Unclassified18.9%

Financial Services18.9%

Technology12.9%

Healthcare10.0%

Industrials7.5%

Utilities7.3%

Communication Services6.1%

Fixed Income5.2%

Other13.2%

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

Position Sizing

Positions: 554Median: 0.06%Avg: 0.18%

0–0.5%

511(43.2%)

0.5–1%

13(9.7%)

1–3%

30(47.1%)

3–5%

0(0.0%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 181Unique: 373vs 20 funds

2.4%Low

554

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

JPMORGAN CHASE & CO

3.3%

BlackRock, Inc.

2.2%

STATE STREET CORP

2.4%

BANK OF AMERICA CORP /DE/

1.8%

MORGAN STANLEY

1.6%

FMR LLC

2.1%

GEODE CAPITAL MANAGEMENT, LLC

1.8%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New197Increased101Decreased239Exited137

New Positions

PEN2.3%

+423K

WBS2.0%

+1.8M

AES1.9%

+8.2M

OS1.3%

+3.4M

CTRA1.2%

+2.1M

3M41.2%

+417K

AFRM 0.75 12/15/291.2%

+75.0M

TPH1.1%

+1.5M

SLAB1.1%

+309K

VAL-WT1.0%

+610K

Increased

TCOM 0.75 06/15/291.4%

+57.7M(+249%)

PRGS 3.5 03/01/300.6%

+18.3M(+77%)

GPN 1.5 03/01/310.8%

+16.2M(+40%)

VSH 2.25 09/15/300.6%

+10.0M(+37%)

JD 0.25 06/01/290.6%

+9.3M(+32%)

GRPN 4.875 06/30/30 0.5%

+6.5M(+22%)

CSWC 5.125 11/15/290.1%

+3.9M(+85%)

AM61.4%

+3.9M(+195%)

WTRG2.1%

+2.2M(+231%)

WBD1.7%

+2.1M(+122%)

Decreased

DKNG 0 03/15/281.3%

-17,722,000(-17%)

ON 0.5 03/01/291.4%

-5,559,000(-6%)

SPB 3.375 06/01/290.1%

-1,280,000(-24%)

ALRM 2.25 06/01/290.3%

-1,025,000(-5%)

SPRING VY ACQUISITIO…0.1%

-278,444(-30%)

RAAQW0.1%

-270,214(-25%)

NAMMW0.0%

-222,989(-69%)

AXTA0.2%

-185,539(-33%)

CAPNU0.0%

-165,528(-47%)

VECO0.1%

-164,111(-40%)

Exited

-217,384

-2,179,665

-10,530,591

-1,009,326

-93,425,000

-1,998,580

-742,018

-536,093

-1,405,524

-680,243

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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