AQR Affiliates Disclose 8.75% Ownership in Crane Harbor Class A (CHACU)
Rhea-AI Filing Summary
Crane Harbor Acquisition Corp. is reported to have 1,980,000 Class A ordinary shares beneficially owned by affiliates of AQR, representing 8.75% of the class. The holding is disclosed on a Schedule 13G and is described as held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
The filing lists three reporting entities—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—with each reported as having shared voting and shared dispositive power over the 1,980,000 shares and no sole voting or dispositive power. An exhibit states the ownership and control relationships among the AQR entities.
Positive
- Material disclosure: AQR affiliates report beneficial ownership of 1,980,000 shares (8.75%), exceeding the 5% reporting threshold
- Passive classification: The Schedule 13G filing and certification indicate the stake is held in the ordinary course and not to influence control
Negative
- No sole control: Reporting entities disclose 0 sole voting and dispositive power, suggesting limited unilateral influence
- Shared power only: All voting and dispositive power is reported as shared for the full 1,980,000 shares, which may limit immediate governance impact
Insights
TL;DR: AQR's disclosed 8.75% stake is material but filed as passive under Schedule 13G, indicating no control intent.
The filing confirms a material stake—1,980,000 shares or 8.75%—held through AQR affiliates with shared voting and dispositive powers. Because the statement is on Schedule 13G and includes a certification that the position is held in the ordinary course and not to influence control, this is a passive disclosure rather than an active takeover signal. Investors should note the size of the position relative to the float, but the filing does not convey strategic or governance ambitions.
TL;DR: Large passive holdings can still matter for governance, but this filing shows no expressed control intent.
The filing names three AQR entities and an exhibit clarifies parent-subsidiary and control relationships among them, which is important for attribution of voting power. All reported power is shared, with no sole voting or dispositive authority disclosed. The explicit certification that the stake is not intended to influence control keeps this as a passive disclosure; nevertheless, an 8.75% stake is significant and could attract attention if future filings or actions indicate a change in intent.