AQR affiliates report 1.51M shares in Aldel Financial II Inc. (ALDF)

Rhea-AI Filing Summary

AQR Capital Management affiliates reported beneficial ownership of 1,513,426 ordinary shares of Aldel Financial II Inc. on an amended Schedule 13G/A, representing 6.38% of the class. The filing lists AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC as reporting persons and identifies shared voting and dispositive power for the reported shares.

The filing names Aldel Financial II Inc. as issuer and shows CUSIP G01558108. The reporting entities state organizational relationships: AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is controlled by AQR Capital Management, LLC.

Insights

Equity Ownership Analyst

Large passive stake reported by asset manager affiliates.

The Schedule 13G/A records a beneficial ownership position of 1,513,426 shares, equal to 6.38% of Aldel Financial II Inc.'s ordinary shares. The filing classifies voting and dispositive power as shared across the three AQR entities.

Implications hinge on whether the position is passive; subsequent filings or disclosures would state any change in intent. Cash‑flow treatment and sale intentions are not stated in the provided excerpt.

Corporate Governance Specialist

Reporting structure clarifies parent/subsidiary relations and shared control.

The filing explicitly states that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and that AQR Arbitrage, LLC is controlled by AQR Capital Management, LLC. This attribution explains why multiple related entities appear as reporting persons.

Future Schedule 13D/13G amendments would disclose any change from passive to active intent; timing and any such change are not provided here.

Key Figures

Beneficial ownership: 1,513,426 shares Percent of class: 6.38% CUSIP: G01558108 +1 more

4 metrics

Beneficial ownership 1,513,426 shares Amount beneficially owned reported on Schedule 13G/A

Percent of class 6.38% Percent of ordinary shares reported in Item 4(b)

CUSIP G01558108 Issuer CUSIP listed on the filing

Issuer address 104 S. Walnut Street, Unit 1A, Itasca, IL 60143 Principal executive offices of Aldel Financial II Inc.

Key Terms

Schedule 13G/A, Beneficial ownership, Shared dispositive power, Reporting person

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 and header showing Schedule 13G/A filing"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Item 4. | Ownership (a) | Amount beneficially owned"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power financial

"Shared Dispositive Power 1,513,426.00 appears in ownership table"

Reporting person regulatory

"Item 2. | (a) | Name of person filing: AQR Capital Management, LLC"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Aldel Financial II Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G01558108

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G01558108

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,513,426.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,513,426.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,513,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.38 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): G01558108

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,513,426.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,513,426.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,513,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.38 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): G01558108

1

Names of Reporting Persons

AQR Arbitrage, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,513,426.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,513,426.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,513,426.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.38 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Aldel Financial II Inc.
(b)	Address of issuer's principal executive offices: 104 S. WALNUT STREET, UNIT 1A, ITASCA, ILLINOIS 60143
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC AQR Arbitrage, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES AQR Arbitrage, LLC - UNITED STATES
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: G01558108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,513,426
(b)	Percent of class: 6.38 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 1,513,426 AQR Capital Management Holdings, LLC - 1,513,426 AQR Arbitrage, LLC - 1,513,426
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0 AQR Arbitrage, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 1,513,426 AQR Capital Management Holdings, LLC - 1,513,426 AQR Arbitrage, LLC - 1,513,426
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	05/13/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	05/13/2026

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	05/13/2026

Exhibit Information

AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC.

FAQ

What stake did AQR report in Aldel Financial II Inc. (ALDF)?

AQR reports beneficial ownership of 1,513,426 shares, representing 6.38% of Aldel Financial II Inc.'s ordinary shares, as stated on the amended Schedule 13G/A.

Which AQR entities filed the Schedule 13G/A for ALDF?

The filing lists AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as reporting persons and includes their principal office address in Greenwich, Connecticut.

Does the filing indicate who holds voting or dispositive power over the ALDF shares?

The Schedule 13G/A shows shared voting power and shared dispositive power of 1,513,426 shares across the reporting AQR entities; sole powers are reported as 0.

Is AQR's position in ALDF active or passive according to this filing?

The amended Schedule 13G/A presents the position and ownership percentages but does not state a change in intent; the filing does not explicitly classify the stake as active or passive.

What is the issuer CUSIP and address on the filing for ALDF?

The filing lists CUSIP G01558108 and the issuer's principal executive office at 104 S. Walnut Street, Unit 1A, Itasca, Illinois 60143.