Institutional Filing: AQR Group Reports >5% Ownership in Cartesian Growth (CGCTU)

Rhea-AI Filing Summary

AQR Capital Management, LLC, together with AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC, reports beneficial ownership of 1,460,000 units in Cartesian Growth Corp III, representing 5.29% of the Class A ordinary shares. The disclosure is made on a Schedule 13G and shows no sole voting or dispositive power and shared voting and dispositive power over the 1,460,000 units.

The filing states the securities were acquired and are held in the ordinary course of business and were not acquired for the purpose of changing or influencing control. The filing also clarifies the group structure: AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.

Positive

• AQR entities report beneficial ownership of 1,460,000 units, equal to 5.29% of Class A ordinary shares.
• Filing certifies holdings were acquired and held in the ordinary course of business and not to influence control.
• Exhibit discloses group structure: AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC; AQR Arbitrage, LLC is controlled by AQR Capital Management, LLC.

Negative

• No sole voting or dispositive power is reported (sole power = 0), indicating the group does not claim unilateral control over the shares.

Insights

Securities Analyst

TL;DR: AQR entities report a material passive stake of 5.29% (1,460,000 units) with shared voting/dispositive power; filing asserts no intent to influence control.

The Schedule 13G discloses a >5% beneficial position in Cartesian Growth Corp III, a level that triggers public disclosure obligations. The filing explicitly records 1,460,000 units and indicates shared voting and dispositive power rather than sole control. The certification that holdings are in the ordinary course and not intended to influence control is consistent with a passive institutional stake reported on a 13G rather than an activist 13D.

Corporate Governance Expert

TL;DR: The group structure and shared powers are disclosed; the filing affirms passive intent and clarifies relationships among AQR entities.

The exhibit clarifies ownership 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. The filing records 0 sole voting power and 1,460,000 shared voting power, which means the group reports influence only through shared mechanisms. The Item 10 certification explicitly states the position was not acquired to change or influence control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Cartesian Growth Corp III

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G19307100

(CUSIP Number)

06/30/2025

(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. G19307100

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 1,460,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,460,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,460,000.00

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)

5.29 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G19307100

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 1,460,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,460,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,460,000.00

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)

5.29 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G19307100

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 1,460,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,460,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,460,000.00

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)

5.29 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cartesian Growth Corp III
(b)	Address of issuer's principal executive offices: 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK, NEW YORK 10017
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: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G19307100
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: 1,460,000* *Units representing 1,460,000 shares of Class A ordinary shares, par value $0.0001 per share
(b)	Percent of class: 5.29 %
(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 - 1,460,000 AQR Capital Management Holdings, LLC - 1,460,000 AQR Arbitrage, LLC - 1,460,000
	(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 - 1,460,000 AQR Capital Management Holdings, LLC - 1,460,000 AQR Arbitrage, LLC - 1,460,000
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	08/12/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

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

How many units does AQR report owning in CGCTU?

AQR reports beneficial ownership of 1,460,000 units in Cartesian Growth Corp III (CGCTU).

What percentage of CGCTU does the AQR stake represent?

The reported position represents 5.29% of the Class A ordinary shares.

Does AQR have sole voting or dispositive power over these CGCTU units?

No. The filing shows 0 sole voting power and 1,460,000 shared voting power; sole dispositive power is also 0.

Is this filing a Schedule 13G or 13D for CGCTU?

This disclosure is filed on a Schedule 13G for Cartesian Growth Corp III (CGCTU).

Does the filing state AQR intends to influence control of CGCTU?

No. The certification states the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.