AQR Discloses Shared Voting Power Over 24M Lyft Shares

Rhea-AI Filing Summary

AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC filed a Schedule 13G reporting beneficial ownership of 24,009,925 shares of Lyft Class A common stock, equal to 5.83% of the class. Both entities disclose shared voting and shared dispositive power over these shares and report no sole voting or dispositive power. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control. The exhibit states that AQR Capital Management, LLC is a wholly owned subsidiary of the holding company.

Positive

• Reported beneficial ownership of 24,009,925 shares representing 5.83% of Lyft Class A
• Shared voting and dispositive power disclosed, providing transparency on control rights
• Certification of passive intent stating the shares are held in the ordinary course and not to influence control
• Parent-subsidiary relationship disclosed (AQR Capital Management, LLC is wholly owned by the holding company)

Negative

• None.

Insights

Portfolio Manager / Securities Analyst

TL;DR: AQR reports a material 5.83% passive stake in Lyft with shared voting and dispositive power.

The filing shows AQR beneficially owns 24,009,925 Class A shares representing 5.83% of the class and reports shared voting and dispositive authority while disclaiming any intent to influence control. For investors, the filing documents a sizable passive position and a parent-subsidiary filing structure; it does not, on its face, signal an activist campaign or control intent.

Corporate Governance Expert

TL;DR: Material disclosure of shared power and a clear passive certification; parent-subsidiary relationship is documented.

The Schedule 13G records that AQR Capital Management, LLC and AQR Capital Management Holdings, LLC hold 24,009,925 shares with shared voting and dispositive power and no sole powers. The filing contains an explicit certification that the securities are held in the ordinary course and not to influence control, and an exhibit confirming the subsidiary relationship between the entities. This combination is consistent with a sizable, disclosed passive ownership stake rather than an active governance move.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Lyft, Inc.

(Name of Issuer)

Class A common stock, par value of $0.00001 per share

(Title of Class of Securities)

55087P104

(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. 55087P104

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 24,009,925.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 24,009,925.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,009,925.00

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)

5.83 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 55087P104

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 24,009,925.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 24,009,925.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

24,009,925.00

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)

5.83 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lyft, Inc.
(b)	Address of issuer's principal executive offices: 185 BERRY STREET, SUITE 400, SAN FRANCISCO, CALIFORNIA 94107
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 stock, par value of $0.00001 per share
(e)	CUSIP No.: 55087P104
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: 24,009,925
(b)	Percent of class: 5.83 %
(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 - 24,009,925 AQR Capital Management Holdings, LLC - 24,009,925
	(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 - 24,009,925 AQR Capital Management Holdings, LLC - 24,009,925
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:	08/14/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

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.

FAQ

How many Lyft (LYFT) Class A shares does AQR report owning?

The filing reports beneficial ownership of 24,009,925 shares of Lyft Class A common stock.

What percentage of LYFT Class A does AQR own?

AQR's reported ownership represents 5.83% of the Class A shares.

Does AQR have sole voting or dispositive power over these LYFT shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power; it reports 24,009,925 shared voting and shared dispositive power.

Is the stake held on behalf of another person or entity?

Item 6 is marked Not Applicable in the filing.

Is AQR attempting to influence control of Lyft (LYFT)?

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

What is the relationship between AQR Capital Management and AQR Capital Management Holdings?

The exhibit states that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.