IB Acquisition Corp (IBAC) 13G shows 12% passive AQR ownership

Rhea-AI Filing Summary

AQR Capital Management, LLC and its affiliates report a significant passive stake in IB Acquisition Corp. The AQR entities collectively beneficially own 688,646 shares of IB Acquisition Corp. common stock, representing 12% of the class. They report zero sole voting or dispositive power and shared voting and dispositive power over all 688,646 shares.

The filing is a Schedule 13G/A, indicating the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company. 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.

Insights

Equity ownership and governance analyst

AQR discloses a 12% passive stake in IB Acquisition Corp.

AQR Capital Management, LLC, its holding company, and AQR Arbitrage, LLC report beneficial ownership of 688,646 IB Acquisition Corp. common shares, equal to 12% of the outstanding class. All voting and dispositive authority is reported as shared among the three entities.

The use of a Schedule 13G/A and the explicit certification that the securities were acquired and are held in the ordinary course of business indicate a passive investment, not an attempt to influence control. This distinguishes it from an activist or control-oriented position that would typically require a Schedule 13D.

For investors, the key takeaway is that a large institutional complex now holds a notable 12% stake, but characterizes it as non-control-seeking. Any future shift to a different filing type or changes in percentage ownership would be the natural items to compare against this disclosure in later reports.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

IB Acquisition Corp.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

44934N108

(CUSIP Number)

12/31/2025

(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. 44934N108

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 688,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 688,646.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

688,646.00

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)

12 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 44934N108

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 688,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 688,646.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

688,646.00

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)

12 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 44934N108

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 688,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 688,646.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

688,646.00

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)

12 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IB Acquisition Corp.
(b)	Address of issuer's principal executive offices: 2500 N MILITARY TRAIL, SUITE 160-A, BOCA RATON, FLORIDA 33431
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: Common stock, par value $0.0001 per share
(e)	CUSIP No.: 44934N108
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: 688,646
(b)	Percent of class: 12 %
(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 - 688,646 AQR Capital Management Holdings, LLC - 688,646 AQR Arbitrage, LLC - 688,646
	(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 - 688,646 AQR Capital Management Holdings, LLC - 688,646 AQR Arbitrage, LLC - 688,646
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:	02/12/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/12/2026

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/12/2026

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

What stake in IB Acquisition Corp (IBAC) does AQR report?

AQR reports beneficial ownership of 688,646 IB Acquisition Corp shares, equal to 12% of the common stock class. This makes AQR a significant shareholder, with the position disclosed across AQR Capital Management, LLC, its holding company, and AQR Arbitrage, LLC.

Which AQR entities are included in the IBAC Schedule 13G/A filing?

The filing lists three reporting persons: AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC. AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.

Is AQR’s 12% IBAC position considered passive or activist?

The position is characterized as passive. AQR certifies the IB Acquisition Corp shares were acquired and are held in the ordinary course of business, not to change or influence control, which is consistent with filing on Schedule 13G/A rather than Schedule 13D.

How much voting power over IBAC shares does AQR report?

AQR reports no sole voting power and shared voting power over 688,646 IB Acquisition Corp shares. The same structure applies to dispositive power, with zero sole dispositive power and shared dispositive power over all reported shares among the three AQR entities.

When did AQR’s reportable event in IB Acquisition Corp (IBAC) occur?

The date of the event triggering the ownership report is December 31, 2025. That date marks when AQR’s beneficial ownership position in IB Acquisition Corp reached a level requiring disclosure on the amended Schedule 13G.

What type of securities does AQR hold in IB Acquisition Corp (IBAC)?

AQR reports holdings in common stock of IB Acquisition Corp with a par value of $0.0001 per share. The CUSIP for these securities is 44934N108, and the disclosed position totals 688,646 common shares.