SEC 13F Intelligence

Managers / Q2 2024 · view latest →

AQR Arbitrage LLC

CIK 0001167456 · ONE GREENWICH PLAZA, SUITE 130, GREENWICH, CT, 06830 · 203-742-3600

Reported Value
$3.9B
Q2 2024
Positions
567
Filings on Record
30
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Aqr Arbitrage LLC reported $3.9B in U.S.-listed holdings across 567 positions for Q2 2024.

Its largest position, Royal Caribbean, represents 7.9% of the portfolio.

Compared with Q1 2024, the fund opened 92 new positions and exited 127.

Portfolio Metrics

Turnover
+24.1%
vs prior filed quarter
Top-10 Concentration
+23.0%
share of reported value
Largest Position
+7.9%
Royal Caribbean
New / Exited
92 / 127
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $7.3BQ4 ’18Q1 ’19: $8.0BQ2 ’19: $8.8BQ3 ’19: $6.8BQ4 ’19: $5.9BQ4 ’19Q1 ’20: $3.0BQ2 ’20: $2.2BQ3 ’20: $2.8BQ4 ’20: $2.8BQ4 ’20Q1 ’21: $2.8BQ2 ’21: $3.6BQ3 ’21: $3.5BQ4 ’21: $3.9BQ4 ’21Q1 ’22: $3.8BQ2 ’22: $4.4BQ3 ’22: $4.5BQ4 ’22: $3.9BQ4 ’22Q1 ’23: $3.3BQ2 ’23: $2.3BQ3 ’23: $2.2BQ4 ’23: $2.5BQ4 ’23Q1 ’24: $2.9BQ2 ’24: $3.9BQ3 ’24: $4.6BQ4 ’24: $4.6BQ4 ’24Q1 ’25: $4.2BQ2 ’25: $4.4BQ3 ’25: $3.9BQ4 ’25: $4.8BQ4 ’25Q1 ’26: $6.1Bfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 41.1%Common Stock: 34.2%Other: 11.7%Closed-End Fund: 10.1%GLOBAL: 2.2%Other: 0.8%
  • US DOMESTIC · 41.1% · $1.6B
  • Common Stock · 34.2% · $1.3B
  • Other · 11.7% · $451M
  • Closed-End Fund · 10.1% · $390M
  • GLOBAL · 2.2% · $85M
  • Other · 0.8% · $30M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRANSOCEAN INCNEW+36.15M36.15M+$65M$65M
CYBERARK SOFTWARE LTDNEW+33.67M33.67M+$59M$59M
ENDEAVOR GROUP HLDGS INCNEW+2.07M2.07M+$56M$56M
APY1EURCHAMPIONX CORPORATIONNEW+1.64M1.64M+$55M$55M
HCP2EURHASHICORP INCNEW+1.62M1.62M+$54M$54M
MICROCHIP TECHNOLOGY INC.NEW+37.59M37.59M+$40M$40M
AEBAALLETE INCNEW+594.5K594.5K+$37M$37M
SRCLEURSTERICYCLE INCNEW+598.2K598.2K+$35M$35M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ROYAL CARIBBEAN GROUPNOTE 6.000% 8/17.95%$307M94.95M
2ETRNUSDEQUITRANS MIDSTREAM CORPhistory →COM2.01%$77M5.97M
3SWN1EURSOUTHWESTERN ENERGY COhistory →COM1.86%$72M10.65M
4MAKEMYTRIP LIMITED MAURITIUSNOTE 2/11.74%$67M30.43M
5STRIDE INCNOTE 1.125% 9/01.73%$67M46.67M
6AXNX*AXONICS INChistory →COM1.70%$65M973.9K
7TRANSOCEAN INCDEB 4.625% 9/31.67%$65M36.15M
8CYBERARK SOFTWARE LTDNOTE 11/11.52%$59M33.67M
9ENDEAVOR GROUP HLDGS INCCL A COM1.45%$56M2.07M
10APY1EURCHAMPIONX CORPORATIONhistory →COM1.41%$55M1.64M
11HCP2EURHASHICORP INChistory →COM CL A1.41%$54M1.62M
12HESHESS CORPhistory →COM1.38%$53M360.2K
13ACIALBERTSONS COS INChistory →COMMON STOCK1.29%$50M2.52M
14MGRCMCGRATH RENTCORPhistory →COM1.22%$47M442.3K
15VZIOEURVIZIO HLDG CORPhistory →CL A COM1.12%$43M4.01M
16AKXANSYS INChistory →COM1.06%$41M126.8K
17DFSEURDISCOVER FINL SVCShistory →COM1.04%$40M316.6K
18MACOM TECH SOLUTIONS HLDGS INOTE 0.250% 3/11.03%$40M28.25M
19MICROCHIP TECHNOLOGY INC.NOTE 0.125%11/11.03%$40M37.59M
20WRKUSDWESTROCK COhistory →COM1.01%$39M776.9K
21AEBAALLETE INChistory →COM NEW0.96%$37M594.5K
22AMEDAMEDISYS INChistory →COM0.95%$37M400.4K
23SRCLEURSTERICYCLE INChistory →COM0.90%$35M598.2K
24NUVEI CORPORATIONSUB VTG SHS0.85%$33M1.01M
25FORD MTR CO DELNOTE 3/10.79%$31M30.24M
26HTLFEURHEARTLAND FINL USA INChistory →COM0.79%$31M688.1K
27GREENBRIER COS INCNOTE 2.875% 4/10.77%$30M27.65M
28SNAP INCNOTE 0.125% 3/00.77%$30M36.93M
29WAYFAIR INCNOTE 3.250% 9/10.76%$29M25.59M
30TELADOC HEALTH INCNOTE 1.250% 6/00.76%$29M35.28M
31FIRSTENERGY CORPNOTE 4.000% 5/00.75%$29M29.19M
32WIREEURENCORE WIRE CORPhistory →COM0.75%$29M100.0K
33PATRICK INDS INCNOTE 1.750%12/00.72%$28M22.81M
34CHEFS WHSE INCNOTE 2.375%12/10.69%$27M23.85M
35DRAFTKINGS INC NEWNOTE 3/10.69%$26M31.78M
36NCL CORP LTDNOTE 1.125% 2/10.68%$26M28.27M
37GUARDANT HEALTH INCNOTE 11/10.67%$26M33.09M
38CYTOKINETICS INCNOTE 3.500% 7/00.66%$26M19.58M
39USX1UNITED STATES STL CORP NEWhistory →COM0.66%$26M676.1K
40DIAMOND OFFSHORE DRILLING INCOM0.65%$25M1.61M
41INTERDIGITAL INCNOTE 3.500% 6/00.64%$25M15.88M
42PRFTUSDPERFICIENT INChistory →COM0.63%$24M327.0K
43DIGITALOCEAN HLDGS INCNOTE 12/00.63%$24M28.80M
44SILVERBOW RES INCCOM0.63%$24M638.5K
45IONIS PHARMACEUTICALS INCNOTE 1.750% 6/10.62%$24M21.73M
46NABORS ENERGY TRANSITION CORCL A0.61%$24M2.25M
47ARES ACQUISITION CORP IISHS CLASS A0.61%$23M2.20M
48MRO*MARATHON OIL CORPhistory →COM0.61%$23M814.6K
49ON SEMICONDUCTOR CORPNOTE 0.500% 3/00.59%$23M23.51M
50LYFT INCNOTE 1.500% 5/10.57%$22M22.74M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$6.1B556May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.8B497Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.9B448Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.4B390Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.2B403May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.6B462Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.6B534Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.9B567Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.9B602May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.5B691Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.2B785Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.3B908Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.3B1,049May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.9B1,232Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$4.5B1,479Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.4B1,506Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.8B1,361May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.9B1,219Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.5B1,167Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.6B1,110Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.8B972May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.8B1,072Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.8B565Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.2B518Aug 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.0B563May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.9B459Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.8B449Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$8.8B495Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.0B528May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$7.3B574Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • AQR Capital Management Holdings, LLC028-16752
  • AQR CAPITAL MANAGEMENT LLC028-10120

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.