[SCHEDULE 13G/A] CSLM Digital Asset Acquisition Corp III, Ltd Amended Passive Investment Disclosure
AQR Reports 4.88% Stake in CSLM Digital Asset
AQR Capital Management entities reported beneficial ownership of 1,166,468 shares (Class A ordinary shares) of CSLM Digital Asset Acquisition Corp III, Ltd, representing 4.88% of the class.
AQR Capital Management entities reported beneficial ownership of 1,166,468 shares (Class A ordinary shares) of CSLM Digital Asset Acquisition Corp III, Ltd, representing 4.88% of the class.
The filing is an Amendment No. 1 to a Schedule 13G/A and lists three related filers—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—with shared voting and dispositive power over the disclosed shares. Signatures are dated 05/13/2026.
Positive
None.
Negative
None.
Key Figures
Shares beneficially owned:1,166,468 sharesPercent of class:4.88%CUSIP:G2584S101+4 more
7 metrics
Shares beneficially owned1,166,468 sharesClass A ordinary shares
Percent of class4.88%Percent of Class A ordinary shares
Signature date05/13/2026Date signed by authorized signatory
Sole voting power0Sole voting power reported for each filer
Shared voting/dispositive power1,166,468 sharesShared voting and shared dispositive power across AQR entities
Key Terms
Schedule 13G/A, beneficially owned, shared dispositive power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 1 ) CSLM Digital Asset Acquisition Corp III, Ltd"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
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.
shared dispositive powerregulatory
"Shared power to dispose or to direct the disposition of: ... 1,166,468"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake did AQR disclose in CSLM Digital Asset Acquisition Corp III (KOYN)?
AQR disclosed beneficial ownership of 1,166,468 Class A shares, equal to 4.88% of the class. The ownership is reported across AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC with shared voting and dispositive power.
Which AQR entities filed the Schedule 13G/A for KOYN?
The filing lists AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as filers. The exhibit states AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC.
Does the filing indicate sole voting or dispositive power over the KOYN shares?
No; the filing shows 0 sole voting and sole dispositive power and 1,166,468 shares of shared voting and shared dispositive power across the AQR entities.
When was the Schedule 13G/A amendment signed?
The signatures on the amendment are dated 05/13/2026. The cover lists a date of 03/31/2026 near the security header but the signature dates are 05/13/2026.
What class and CUSIP are reported in the filing for KOYN?
The filing reports Class A ordinary shares, par value $0.0001 with CUSIP G2584S101. The disclosed share count applies to that class of securities.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CSLM Digital Asset Acquisition Corp III, Ltd
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
G2584S101
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G2584S101
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
1,166,468.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,166,468.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,166,468.00
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)
4.88 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G2584S101
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
1,166,468.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,166,468.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,166,468.00
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)
4.88 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
G2584S101
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
1,166,468.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,166,468.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,166,468.00
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)
4.88 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CSLM Digital Asset Acquisition Corp III, Ltd
(b)
Address of issuer's principal executive offices:
CASSIA COURT, CAMANA BAY SUITE 716, 10 MARKET STREET, GRAND CAYMAN, CAYMAN ISLANDS
KY1-9006
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.:
G2584S101
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:
1,166,468
(b)
Percent of class:
4.88 %
(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 - 1,166,468
AQR Capital Management Holdings, LLC - 1,166,468
AQR Arbitrage, LLC - 1,166,468
(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 - 1,166,468
AQR Capital Management Holdings, LLC - 1,166,468
AQR Arbitrage, LLC - 1,166,468
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:
05/13/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/13/2026
AQR Arbitrage, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/13/2026
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.
