AQR Affiliates Disclose 1,449 Class A Shares in HCM II Acquisition Corp

Rhea-AI Filing Summary

Schedule 13G/A summary: AQR Capital affiliates report beneficial ownership of 1,449 Class A Ordinary Shares of HCM II Acquisition Corp, which the filing states represents 0.01% of the class. All reported shares are listed with shared voting and shared dispositive power; each AQR reporting entity shows 0 sole voting and 0 sole dispositive power. The filing states these securities are held in the ordinary course of business and not for the purpose of influencing control. The filing discloses parent/subsidiary relationships among the AQR entities for transparency.

Insights

Financial Analyst

TL;DR: Routine disclosure of a de minimis 0.01% stake; no sole control and limited investor impact.

The Schedule 13G/A reports an aggregate holding of 1,449 shares (0.01%) by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC. All shares are reported with shared voting and shared dispositive power and no sole voting or dispositive power, indicating the reported positions are small and not independently controlled by any single reporting entity. Item 5 confirms ownership is below 5% and Item 6 is marked Not Applicable, supporting the conclusion that this is a routine, non-control disclosure. From a capital-markets perspective, the position is immaterial to company valuation or governance.

Corporate Governance Expert

TL;DR: Filing demonstrates compliance and transparency; parent/sub relationships and certification clarify reporting responsibilities.

The exhibit clarifies that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC and that AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC. The filing includes the certification that the securities were acquired and are held in the ordinary course of business and not to influence control. These disclosures satisfy standard governance and SEC reporting expectations for passive holdings and clarify which entities are reporting the position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

HCM II Acquisition Corp.

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G43658106

(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. G43658106

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 1,449.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,449.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,449.00

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)

0.01 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G43658106

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 1,449.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,449.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,449.00

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)

0.01 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G43658106

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 1,449.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,449.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,449.00

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)

0.01 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HCM II Acquisition Corp.
(b)	Address of issuer's principal executive offices: 100 FIRST STAMFORD PLACE, STAMFORD, CONNECTICUT 06902
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.: G43658106
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: 1,449
(b)	Percent of class: 0.01 %
(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 - 1,449 AQR Capital Management Holdings, LLC - 1,449 AQR Arbitrage, LLC - 1,449
	(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 - 1,449 AQR Capital Management Holdings, LLC - 1,449 AQR Arbitrage, LLC - 1,449
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:	08/13/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/13/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/13/2025

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 HCM II Acquisition Corp (HONDW) shares do AQR affiliates report owning?

The filing reports an aggregate of 1,449 Class A Ordinary Shares, representing 0.01% of the class.

Do AQR entities report sole voting or dispositive power over the shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power; all reported power is shared.

Are the AQR holdings intended to influence control of HCM II Acquisition Corp?

The filing includes a certification stating the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Do AQR affiliates own more than 5% of HCM II Acquisition Corp?

No. Item 5 indicates ownership of 5 percent or less of a class.

Which AQR entities filed this Schedule 13G/A?

The reporting persons are AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC.

What relationships among the AQR reporting entities are disclosed?

The exhibit states AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.