AQR Capital discloses 11.0M-share Exelixis (EXEL) position at 4.39% ownership

Rhea-AI Filing Summary

AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report their beneficial ownership in Exelixis, Inc. common stock. They disclose aggregate beneficial ownership of 11,023,943 shares of common stock, representing 4.39% of the class.

The reporting persons state shared voting power over 10,935,221 shares and shared dispositive power over 11,023,943 shares, with no sole voting or dispositive power. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the filing confirms that the Schedule 13G/A is made on behalf of both entities.

Key Figures

Beneficial ownership: 11,023,943 shares Percent of class: 4.39% Shared voting power: 10,935,221 shares +1 more

4 metrics

Beneficial ownership 11,023,943 shares Aggregate Exelixis common shares beneficially owned by AQR entities

Percent of class 4.39% Portion of Exelixis common stock class reported as beneficially owned

Shared voting power 10,935,221 shares Exelixis shares over which AQR entities share voting power

Shared dispositive power 11,023,943 shares Exelixis shares over which AQR entities share dispositive power

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company

4 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 11,023,943"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 10,935,221.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 11,023,943.00"

parent holding company financial

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

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Available on EDGAR 08/12/2026 - 07:18 AM Accepted by SEC EDGAR 08/12/2026 - 07:17 AM Learn about SEC filing dates

FAQ

What percentage of EXEL common stock does AQR Capital Management report owning?

AQR Capital Management and its parent report beneficial ownership of 4.39% of Exelixis, Inc. common stock, covering 11,023,943 shares as disclosed in the Schedule 13G/A amendment.

How many EXEL shares are beneficially owned by AQR according to this Schedule 13G/A?

The filing states that AQR Capital Management entities beneficially own 11,023,943 shares of Exelixis, Inc. common stock, corresponding to 4.39% of the company’s outstanding common shares.

What voting power over EXEL shares does AQR Capital Management have?

AQR Capital Management and its parent report shared voting power over 10,935,221 shares of Exelixis, Inc. common stock and no sole voting power over any shares.

What dispositive power over EXEL shares does AQR report in this filing?

The reporting entities disclose shared dispositive power over 11,023,943 shares of Exelixis, Inc. common stock and no sole dispositive power over any shares in this Schedule 13G/A.

What is the relationship between AQR Capital Management, LLC and AQR Capital Management Holdings, LLC in the EXEL filing?

The exhibit explains that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the Schedule 13G/A is filed on behalf of both entities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

EXELIXIS, INC.

(Name of Issuer)

Common Stock, $0.001 Par Value per Share

(Title of Class of Securities)

30161Q104

(CUSIP Number)

06/30/2026

(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): 30161Q104

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 10,935,221.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,023,943.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,023,943.00

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)

4.39 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 30161Q104

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 10,935,221.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,023,943.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,023,943.00

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)

4.39 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EXELIXIS, INC.
(b)	Address of issuer's principal executive offices: 1851 HARBOR BAY PARKWAY, ALAMEDA, CALIFORNIA 94502
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, $0.001 Par Value per Share
(e)	CUSIP No.: 30161Q104
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: 11,023,943
(b)	Percent of class: 4.39 %
(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 - 10,935,221 AQR Capital Management Holdings, LLC - 10,935,221
	(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 - 11,023,943 AQR Capital Management Holdings, LLC - 11,023,943
Item 5.	Ownership of 5 Percent or Less of a Class.
	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:	08/12/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2026

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.