AQR Entities Report 1,875,000 Units (7.26%) in KCHVU
Rhea-AI Filing Summary
AQR Capital Management and related entities reported beneficial ownership of 1,875,000 units of Kochav Defense Acquisition Corp. Class A ordinary shares, representing 7.26% of the class. The filing shows no sole voting or dispositive power; all voting and disposition authority is reported as shared (1,875,000) across the reporting entities.
The Schedule identifies AQR Capital Management, LLC, AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC as the reporting persons and states the holdings are held in the ordinary course of business and were not acquired to change or influence control. 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.
Positive
- Disclosed a material stake: 1,875,000 units representing 7.26% of Class A shares
- Clear reporting of authority: 0 sole voting/dispositive power and 1,875,000 shared voting/dispositive power
- Certification of ordinary-course holdings stating securities were not acquired to change or influence control
Negative
- None.
Insights
TL;DR: AQR discloses a material passive stake of 7.26% in KCHVU, reported as shared control and held in the ordinary course.
The disclosed position of 1,875,000 units (7.26%) is material by common disclosure thresholds and could be relevant to holders monitoring concentrated ownership. The filing indicates no sole voting or dispositive power, which supports a passive stance. The certification that securities were not acquired to influence control suggests the stake is intended as an investment position rather than an activist holding.
TL;DR: Related AQR entities report shared voting/dispositive power with a combined 7.26% stake; governance influence appears limited per the filing.
The Schedule 13G shows the stake is aggregated across affiliated entities with shared authority, not held by a single controlling entity. The exhibit explicitly states the parent-subsidiary relationships among the filers, clarifying reporting responsibility. The itemized certification asserting ordinary-course holdings reduces near-term governance concerns since the filer disclaims intent to change or influence issuer control.