AQR-Affiliated Funds Hold 1.46M RAC Shares, 6.18% Ownership
Rhea-AI Filing Summary
AQR Capital Management and affiliated entities report beneficial ownership of 1,462,934 Class A ordinary shares of Rithm Acquisition Corp., representing 6.18% of the outstanding class. The filing shows no sole voting or dispositive power and that the reported shares are held with shared voting and shared dispositive power.
The filing identifies AQR Capital Management, LLC; AQR Capital Management Holdings, LLC (the parent); and AQR Arbitrage, LLC, and states the stake is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- None.
Negative
- None.
Insights
TL;DR AQR-affiliated entities own a material 6.18% stake in Rithm with shared voting/dispositive power, filed as a passive Schedule 13G/A.
The filing explicitly reports 1,462,934 shares beneficially owned, equal to 6.18% of the class. All three reporting entities show 0 sole voting and 0 sole dispositive power, with shared voting and dispositive power for the same 1,462,934 shares. The statement in Item 10 certifies the position is held in the ordinary course of business and not to influence control. From a financial perspective, this is material ownership size but documented as passive per the Schedule 13G/A form.
TL;DR The disclosure documents a significant, but explicitly passive, ownership relationship between AQR entities and Rithm Acquisition Corp.
The filing identifies the reporting parties and their relationships: AQR Capital Management, LLC; its parent AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC. It states AQR Capital Management, LLC is a wholly owned subsidiary of the Holdings entity and that AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC. The report clarifies shared voting and dispositive powers only, and includes the required certification that the holdings are not intended to change or influence issuer control, consistent with a passive Schedule 13G/A disclosure.