[SCHEDULE 13G] Inflection Point Acquisition Corp. III Units SEC Filing

Rhea-AI Filing Summary

Inflection Point Acquisition Corp. III has a Schedule 13G on file reporting that three related AQR entities together beneficially own 1,400,000 Class A ordinary shares, representing 5.38% of the class. The filing shows shared voting power and shared dispositive power over the 1,400,000 shares and reports no sole voting or dispositive power for any of the reporting entities.

The filing identifies the reporting persons as AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC, and states these parties agreed the Schedule 13G is filed on behalf of each. The statement also includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Material disclosure of ownership: AQR-affiliated entities report 1,400,000 shares, equal to 5.38% of the Class A shares.
• Shared voting and dispositive power disclosed: Filing specifies shared authority rather than sole control.
• Certification of ordinary-course holding: Statement affirms the shares were not acquired to change or influence issuer control.

Negative

• None.

Insights

Financial Analyst

TL;DR AQR discloses a material passive stake of 5.38%, with shared voting and dispositive power over 1.4M shares.

The filing documents a disclosed beneficial ownership position of 1,400,000 Class A shares, equal to 5.38% of the class, held across AQR-affiliated entities. Reporting shows shared voting and dispositive authority rather than sole control, and the certification affirms the position was acquired and is held in the ordinary course of business and not to effect control. For investors, this is a material ownership disclosure that increases transparency about major holders but does not, by itself, indicate a change in corporate control or an activist intent.

Corporate Governance Expert

TL;DR AQR's grouped disclosure clarifies ownership structure and confirms no intent to change issuer control.

The Schedule 13G identifies three related AQR entities filing jointly and specifies the internal relationship: one entity is a wholly owned subsidiary and another is deemed controlled by AQR Capital Management. The filing records shared voting and dispositive powers over the disclosed shares and includes an explicit certification that the securities were not acquired to influence control. This formal disclosure matters for governance transparency and for tracking whether institutional positions cross regulatory thresholds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Inflection Point Acquisition Corp. III

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G47875102

(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. G47875102

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 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

5.38 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G47875102

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 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

5.38 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G47875102

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 1,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,400,000.00

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)

5.38 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Inflection Point Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 167 MADISON AVE, SUITE 205 #1017, NEW YORK, NEW YORK 10016
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.: G47875102
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: 1,400,000* *Units representing 1,400,000 shares of Class A ordinary shares, par value $0.0001 per share
(b)	Percent of class: 5.38 %
(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 - 1,400,000 AQR Capital Management Holdings, LLC - 1,400,000 AQR Arbitrage, LLC - 1,400,000
	(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 - 1,400,000 AQR Capital Management Holdings, LLC - 1,400,000 AQR Arbitrage, LLC - 1,400,000
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:	08/12/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

AQR Arbitrage, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2025

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

What stake did AQR report in Inflection Point Acquisition Corp. III (IPCXU)?

AQR reported beneficial ownership of 1,400,000 Class A shares, representing 5.38% of the class.

Which AQR entities filed the Schedule 13G for IPCXU?

The filing was made by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC.

Does AQR claim voting or dispositive control over the shares?

The filing shows no sole voting or dispositive power and reports shared voting and shared dispositive power over the 1,400,000 shares.

Was the position acquired to influence control of IPCXU?

The certification in the filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Did the filing state the reporting parties filed on behalf of each other?

Yes. The exhibit states the three AQR entities agree this Schedule 13G is filed on behalf of each of the parties and explains their internal relationships.