Iridium Communications (IRDM) sees AQR Capital disclose 6.6% ownership stake
Rhea-AI Filing Summary
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report a significant position in Iridium Communications Inc. common stock. The filing states beneficial ownership of 6,979,683 shares of Iridium’s $0.001 par value common stock, representing 6.60% of the class.
Both entities report no sole voting or dispositive power. They report shared voting power over 6,809,921 shares and shared dispositive power over 6,979,683 shares. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the Schedule 13G is filed jointly on behalf of both.
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Key Figures
Beneficially owned shares: 6,979,683 shares
Percent of class: 6.60 %
Shared voting power: 6,809,921 shares
+1 more
4 metrics
Beneficially owned shares
6,979,683 shares
Iridium Communications Inc. common stock beneficially owned by AQR entities
Percent of class
6.60 %
Portion of Iridium Communications Inc. common stock class held by AQR entities
Shared voting power
6,809,921 shares
Shares of Iridium common stock over which AQR entities share voting power
Shared dispositive power
6,979,683 shares
Shares of Iridium common stock over which AQR entities share dispositive power
Key Terms
beneficially owned, shared voting power, shared dispositive power, parent holding company or control person, +1 more
5 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 6,979,683"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
parent holding company or control person financial
"the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person."
Schedule 13G regulatory
"hereby agree that this is filed on behalf of each of the parties."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Iridium Communications Inc. (IRDM) does AQR report owning?
AQR Capital Management entities report beneficial ownership of 6.60% of Iridium Communications Inc. common stock. This corresponds to 6,979,683 shares of Iridium’s $0.001 par value common stock as disclosed in the Schedule 13G.
Who are the reporting persons on the Iridium (IRDM) Schedule 13G?
The reporting persons are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. The filing notes that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the report is filed on behalf of both.
Where are AQR’s principal offices for this Iridium (IRDM) 13G filing located?
The principal business office for the reporting persons is One Greenwich Plaza, Suite 130, Greenwich, Connecticut 06830. Iridium’s principal executive offices are listed as 1676 International Drive, Suite 1100, McLean, Virginia 22102 in the ownership report.
What type of Iridium (IRDM) security is covered in AQR’s Schedule 13G?
The Schedule 13G covers Iridium Communications Inc. common stock with $0.001 par value. The class of securities is identified as common stock, and the related CUSIP number disclosed in the report is 46269C102.