AQR Entities Own 1,396,220 Shares of Fifth Era Acquisition Corp I (5.92%)

Rhea-AI Filing Summary

Filing snapshot: AQR Capital Management, LLC, AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC report beneficial ownership of 1,396,220 Class A ordinary shares of Fifth Era Acquisition Corp I, representing 5.92% of the class. All three reporting persons disclose shared voting power and shared dispositive power over 1,396,220 shares and report no sole voting or dispositive power.

The statement is filed on Schedule 13G and includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also 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.

Positive

• Material institutional ownership: AQR entities report a 5.92% stake, signaling meaningful institutional interest in Fifth Era Acquisition Corp I.
• Transparency: Filing on Schedule 13G with a certification that holdings are ordinary-course and not intended to influence control provides clear disclosure to the market.

Negative

• No sole voting or dispositive power: None of the reporting persons reports sole control, limiting any single-entity governance influence.
• Passive stance: The certification that shares are not held to influence control indicates AQR does not intend immediate governance changes, which may reduce likelihood of near-term activist engagement.

Insights

Securities Analyst

TL;DR: AQR entities hold a material passive stake of 5.92% (1,396,220 shares) with shared voting/dispositive power, disclosed via Schedule 13G.

The reported 1,396,220-share position crossing the 5% threshold triggers public disclosure requirements and signals notable institutional ownership while the Schedule 13G format and certification explicitly identify the position as held in the ordinary course of business rather than to influence control. Shared voting and dispositive power across the three AQR entities means influence is exercised collectively rather than by any single reporting person; no sole control is asserted. For investors, this is material ownership information but not an active governance move based on the filing's statements.

Corporate Governance Expert

TL;DR: Ownership is significant but characterized as passive; no sole voting or dispositive authority is claimed by any AQR entity.

The filing documents a 5.92% beneficial stake and discloses shared voting/dispositive powers only, and the Item 10 certification states the position was not acquired to change or influence issuer control. The filing also clarifies the internal relationship among reporting entities (parent, subsidiary, controlled affiliate), which explains the shared reporting. From a governance perspective, this disclosure creates transparency about a sizable institutional holder without signaling an imminent push for board or control actions based on the filing language.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Fifth Era Acquisition Corp I

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G3415K101

(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. G3415K101

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 1,396,220.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,396,220.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,396,220.00

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)

5.92 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G3415K101

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 1,396,220.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,396,220.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,396,220.00

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)

5.92 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G3415K101

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 1,396,220.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,396,220.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,396,220.00

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)

5.92 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fifth Era Acquisition Corp I
(b)	Address of issuer's principal executive offices: 4545 PARADISE DRIVE, TIBURON, CALIFORNIA 94920
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.: G3415K101
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: 1,396,220
(b)	Percent of class: 5.92 %
(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 - 1,396,220 AQR Capital Management Holdings, LLC - 1,396,220 AQR Arbitrage, LLC - 1,396,220
	(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 - 1,396,220 AQR Capital Management Holdings, LLC - 1,396,220 AQR Arbitrage, LLC - 1,396,220
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:	08/14/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

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 Fifth Era Acquisition Corp I (FERAU) shares does AQR report owning?

The filing reports beneficial ownership of 1,396,220 Class A ordinary shares.

What percentage of FERAU does AQR's position represent?

AQR's reported position represents 5.92% of the Class A shares outstanding.

Does any AQR entity claim sole voting or dispositive power over the shares?

No. Each reporting person discloses 0 shares of sole voting power and sole dispositive power, and 1,396,220 shares of shared voting and dispositive power.

Is AQR reporting an intent to influence control of Fifth Era Acquisition Corp I?

No. The Schedule 13G includes a certification that the securities were acquired and are held in the ordinary course of business and are not held to change or influence control.

Which AQR entities filed the disclosure for FERAU?

The filing lists AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as reporting persons.