AQR-Linked Funds Dispose of 366,532 Four Leaf (FORLW) Shares
Rhea-AI Filing Summary
AQR-affiliated entities reported coordinated sales of Four Leaf Acquisition Corp (Class A) shares on 08/15/2025. The Form 4 shows sales of multiple pooled and fund accounts totaling 366,532 shares at a reported price of $11.62 per share, leaving 0 shares beneficially owned for each listed account after the transactions. The filing is submitted by AQR Capital Management Holdings, LLC, AQR Capital Management, LLC and AQR Arbitrage, LLC and is signed by Henry Parkin on behalf of each reporting entity. The explanatory section details the manager/sub-advisor and general partner relationships among the AQR entities and the listed funds, clarifying indirect ownership and control.
Positive
- None.
Negative
- None.
Insights
TL;DR: AQR entities sold 366,532 FORL Class A shares at $11.62, reducing reported beneficial holdings to zero for the listed accounts.
The Form 4 documents dispositive transactions by multiple AQR-managed funds and accounts on a single date, totalling 366,532 Class A shares sold at $11.62 each. The report clarifies that the holdings were indirect and identifies the managerial and GP structures linking the funds to the reporting entities. For investors, the filing is a clear, contemporaneous disclosure of insider-related selling; it does not provide rationale or indicate changes in underlying fund strategies beyond the disposals recorded.
TL;DR: The filing provides complete disclosure of relationships and signatures, showing compliant reporting of significant dispositions by AQR-controlled vehicles.
The Form 4 includes detailed explanatory notes on control and general partner relationships, and it is duly signed by an authorized signatory. The entries show multiple indirect holdings disposed of entirely, with each account showing zero shares after the 08/15/2025 sales. From a governance and disclosure standpoint, the filing appears complete and properly executed; it does not offer information on reasons for the sales or any agreements governing the transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 197,861 | $11.62 | $2.30M |
| Sale | Class A Common Stock | 93,095 | $11.62 | $1.08M |
| Sale | Class A Common Stock | 26,568 | $11.62 | $309K |
| Sale | Class A Common Stock | 20,743 | $11.62 | $241K |
| Sale | Class A Common Stock | 12,209 | $11.62 | $142K |
| Sale | Class A Common Stock | 6,291 | $11.62 | $73K |
| Sale | Class A Common Stock | 6,079 | $11.62 | $71K |
| Sale | Class A Common Stock | 3,626 | $11.62 | $42K |
| Sale | Class A Common Stock | 60 | $11.62 | $697.20 |
Footnotes (1)
- 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. AQR Capital Management, LLC and AQR Arbitrage, LLC act as investment manager to each of AQR Global Alternative Investment Offshore Fund, L.P., AQR Corporate Arbitrage Master Account, L.P., AQR TA Global Alpha Fund, L.P., AQR Absolute Return Master Account, L.P., AQR Apex MS Master Account, L.P., AQR TA Legacy Fund, LLC, AQR Arbitrage MA Offshore Fund, L.P. AQR Capital Management, LLC serves as the investment manager, and AQR Arbitrage, LLC as sub-advisor, to the AQR Diversified Arbitrage Fund, an open-end registered investment company, and to the AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund. AQR Capital Management GP Ltd. is the general partner of AQR Global Alternative Investment Offshore Fund, L.P. AQR Corporate Arbitrage GP, LLC is the general partner of AQR Corporate Arbitrage Master Account, L.P. AQR Tax Advantaged GP II, LLC is the general partner of AQR TA Global Alpha Fund, L.P. AQR Principal Global Asset Allocation, LLC is the general partner of AQR Absolute Return Master Account, L.P. AQR Apex MS GP, LLC is the general partner of AQR Apex MS Master Account, L.P. AQR Capital Management II, LLC is the general partner of AQR TA Legacy Fund, LLC. CNH Principal Partners I, LLC is the general partner of AQR Arbitrage MA Offshore Fund, L.P.