AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of 7,006,847 shares of BellRing Brands, Inc. common stock, representing 5.86 % of the outstanding class. All of these shares are reported with shared voting and shared dispositive power, and no sole power.
The firms state that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of BellRing Brands. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BELLRING BRANDS, INC.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
07831C103
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
07831C103
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
7,006,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,006,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,006,847.00
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)
5.86 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
07831C103
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
7,006,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,006,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,006,847.00
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)
5.86 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BELLRING BRANDS, INC.
(b)
Address of issuer's principal executive offices:
1 N. BRENTWOOD BOULEVARD, SUITE 1550, CLAYTON, MISSOURI
63105
Item 2.
(a)
Name of person filing:
AQR Capital Management, LLC
AQR Capital Management Holdings, 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
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
07831C103
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:
7,006,847
(b)
Percent of class:
5.86 %
(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
(ii) Shared power to vote or to direct the vote:
AQR Capital Management, LLC - 7,006,847
AQR Capital Management Holdings, LLC - 7,006,847
(iii) Sole power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 7,006,847
AQR Capital Management Holdings, LLC - 7,006,847
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:
02/13/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
02/13/2026
Exhibit Information
AQR Capital Management Holdings, LLC and AQR Capital Management, 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.
What percentage of BellRing Brands (BRBR) does AQR report owning?
AQR reports beneficially owning 5.86 % of BellRing Brands’ common stock. This stake corresponds to 7,006,847 shares and crosses the 5 % threshold that requires public disclosure on Schedule 13G under U.S. securities regulations.
How many BellRing Brands (BRBR) shares are reported by AQR on this Schedule 13G?
AQR reports beneficial ownership of 7,006,847 BellRing Brands common shares. These shares are held with shared voting and shared dispositive power by AQR Capital Management, LLC and its parent, AQR Capital Management Holdings, LLC, as disclosed in the ownership section.
Does AQR have sole or shared voting power over its BRBR shares?
AQR reports zero sole voting power and 7,006,847 shares with shared voting power. The same 7,006,847 shares are also reported with shared dispositive power, indicating decisions are made jointly rather than by either entity alone.
What type of filing did AQR submit for its BellRing Brands (BRBR) position?
AQR submitted a Schedule 13G for its BellRing Brands holdings. Schedule 13G is typically used by investors who acquire shares in the ordinary course of business and do not seek to change or influence control of the company.
What does AQR state about its intent regarding control of BellRing Brands (BRBR)?
AQR certifies the BRBR shares were acquired in the ordinary course of business. It also states they were not acquired and are not held for the purpose of changing or influencing control of BellRing Brands, consistent with passive ownership reporting on Schedule 13G.
Who signed the Schedule 13G filing related to BellRing Brands (BRBR) for AQR?
The filing is signed by Henry Parkin as Authorized Signatory. The signature blocks confirm the certification that the information reported, including ownership amounts and intent statements, is true, complete, and correct to the best of the signer’s knowledge and belief.