AQR reports 7.7% stake in Liberty Global

AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report a 7.7% beneficial stake in Liberty Global Ltd.’s Class A common shares.

Rhea-AI Filing Summary

AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report a 7.7% beneficial stake in Liberty Global Ltd.’s Class A common shares. As of 12/31/2025, they beneficially own 13,423,957 Class A shares with shared voting and dispositive power and no sole authority.

The firms state the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Liberty Global. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the Schedule 13G is filed on behalf of both entities.

Insights

Institutional ownership and governance analyst

AQR discloses a passive 7.7% stake in Liberty Global.

AQR Capital Management, LLC and its parent, AQR Capital Management Holdings, LLC, report beneficial ownership of 13,423,957 Liberty Global Class A shares, representing 7.7% of the class as of 12/31/2025. Voting and dispositive authority are shared, with no sole power.

The certification states the position is held in the ordinary course of business and not to change or influence control of Liberty Global Ltd.. This characterizes AQR as a passive institutional holder under Schedule 13G, rather than an activist or control-seeking investor.

AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the filing is made on behalf of both entities. Future ownership updates, if any, would typically appear in subsequent beneficial ownership reports tied to later measurement dates.

FAQ

What stake does AQR hold in Liberty Global Ltd. (LBTYA)?

AQR Capital Management entities report beneficial ownership of 13,423,957 Liberty Global Ltd. Class A common shares, representing 7.7% of that share class as of December 31, 2025. This makes AQR a significant institutional shareholder based on this Schedule 13G filing.

Is AQR’s Liberty Global Ltd. stake considered passive or activist?

AQR certifies that the Liberty Global Ltd. shares were acquired and are held in the ordinary course of business, not to change or influence control. This language indicates a passive investment stance consistent with a Schedule 13G, rather than an activist or control-focused position.

Who are the reporting persons in the Liberty Global Ltd. Schedule 13G?

The reporting persons are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the Schedule 13G is expressly filed on behalf of both related entities as a group.

What voting and dispositive powers does AQR have over Liberty Global Ltd. shares?

AQR reports no sole voting or dispositive power over Liberty Global Ltd. Class A shares. Instead, both AQR Capital Management, LLC and AQR Capital Management Holdings, LLC have shared voting power and shared dispositive power over 13,423,957 Class A shares reported as beneficially owned.

On what date was AQR’s Liberty Global Ltd. ownership measured for this filing?

The ownership information in this Schedule 13G is reported as of December 31, 2025. That date is identified as the event requiring the filing, meaning the 7.7% beneficial ownership level applied on that specific measurement date for Liberty Global Ltd. Class A shares.

Which class of Liberty Global securities is covered by AQR’s 13G filing?

The filing covers Liberty Global Ltd. Class A common shares, identified with CUSIP G61188101. AQR’s reported beneficial ownership of 13,423,957 shares and 7.7% of the class specifically refer to this Class A common equity security, not to other Liberty Global share classes.

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Accepted by SEC EDGAR 02/13/2026 - 08:58 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Liberty Global Ltd.

(Name of Issuer)

Class A common shares

(Title of Class of Securities)

G61188101

(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. G61188101

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 13,423,957.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,423,957.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,423,957.00

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)

7.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G61188101

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 13,423,957.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,423,957.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,423,957.00

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)

7.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Liberty Global Ltd.
(b)	Address of issuer's principal executive offices: CLARENDON HOUSE,, 2 CHURCH STREET, HAMILTON, BERMUDA HM 11
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, 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
(d)	Title of class of securities: Class A common shares
(e)	CUSIP No.: G61188101
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: 13,423,957
(b)	Percent of class: 7.70 %
(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
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 13,423,957 AQR Capital Management Holdings, LLC - 13,423,957
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 13,423,957 AQR Capital Management Holdings, LLC - 13,423,957
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:	02/13/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	02/13/2026

Exhibit Information

AQR Capital Management Holdings, LLC and AQR Capital Management, 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.