AQR reports 1.41M-share stake, 4.56% of New Providence (NPAC)
Rhea-AI Filing Summary
AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC report beneficial ownership of 1,409,778 Class A Ordinary Shares of New Providence Acquisition Corp. III/Cayman, representing 4.56% of the class.
The AQR entities report no sole voting or dispositive power over these shares and instead hold shared voting and shared dispositive power over 1,409,778 shares each. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC. The filing states ownership of 5 percent or less of the class.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 1,409,778 shares
Percent of class: 4.56%
Shared voting power: 1,409,778 shares
+2 more
5 metrics
Beneficial ownership
1,409,778 shares
Class A Ordinary Shares beneficially owned by AQR entities
Percent of class
4.56%
Portion of New Providence Class A Ordinary Shares owned
Shared voting power
1,409,778 shares
Shares over which AQR entities share voting power
Sole voting power
0 shares
Shares over which AQR entities have sole voting authority
Shared dispositive power
1,409,778 shares
Shares over which AQR entities share dispositive power
Key Terms
beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more
5 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 1,409,778"
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 financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
subsidiary financial
"attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary"
A subsidiary is a company that is controlled or owned by a larger company, known as the parent company. Think of it like a branch or division of a bigger organization; it operates separately but is ultimately guided by the parent. For investors, understanding subsidiaries helps clarify how a larger company is structured and where its resources and risks are concentrated.
FAQ
What stake does AQR report in New Providence Acquisition Corp. III (NPAC)?
AQR-affiliated entities report beneficial ownership of 1,409,778 Class A Ordinary Shares of New Providence Acquisition Corp. III/Cayman, representing 4.56% of the outstanding Class A Ordinary Shares.
Which AQR entities are listed as reporting persons for NPAC?
The reporting persons are AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC, all organized in the United States and sharing the same principal business address in Greenwich, Connecticut.
AI-generated analysis. How Rhea-AI works. Not financial advice.