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AQR Capital Management entities report a minority stake in Sleep Number Corp. AQR Capital Management, LLC, AQR Capital Management Holdings, LLC and AQR Capital Management II, LLC together report beneficial ownership of 549,715 shares of Sleep Number common stock, representing 2.38% of the class.
The AQR entities report no sole voting or dispositive power, but shared voting and shared dispositive power over 549,715 shares. AQR Capital Management II, LLC is associated with 191,171 shares held by investment funds it manages. The filing confirms ownership of 5 percent or less of Sleep Number’s common stock.
Key Figures
Shares beneficially owned:549,715 sharesPercent of class:2.38%AQR Capital Management II, LLC shares:191,171 shares+3 more
6 metrics
Shares beneficially owned549,715 sharesTotal Sleep Number common shares reported as beneficially owned by AQR entities
Percent of class2.38%Portion of Sleep Number common stock class beneficially owned by AQR entities
AQR Capital Management II, LLC shares191,171 sharesShares with shared voting and dispositive power via funds managed by AQR Capital Management II, LLC
Sole voting power0 sharesShares over which the AQR entities report sole voting power
Shared voting power549,715 sharesShares over which the AQR entities report shared voting power
CUSIP83125X103CUSIP number for Sleep Number Corp common stock
"AQR Capital Management II, LLC may be deemed to beneficially own such securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared voting powerfinancial
"Shared Voting Power 549,715.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 549,715.00"
parent holding companyfinancial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
subsidiaryfinancial
"Identification and Classification of the Subsidiary Which Acquired the Security"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Sleep Number Corp (SNBRQ) does AQR report in this Schedule 13G/A?
AQR-related entities report beneficial ownership of 549,715 shares of Sleep Number common stock, representing 2.38% of the outstanding class, with shared voting and dispositive power over those shares and no sole voting or dispositive power.
Does AQR Capital Management own more than 5% of Sleep Number Corp (SNBRQ)?
No. The filing states that AQR-related entities collectively beneficially own 2.38% of the class and specifically notes ownership of 5 percent or less of Sleep Number’s common stock, indicating a sub-5% minority position.
Which AQR entities are included in this Sleep Number Corp (SNBRQ) ownership report?
The report is filed jointly by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Capital Management II, LLC. AQR Capital Management, LLC and AQR Capital Management II, LLC are wholly owned subsidiaries of AQR Capital Management Holdings, LLC.
What voting power over Sleep Number Corp (SNBRQ) shares do the AQR entities report?
The AQR entities report 0 shares with sole voting power and 549,715 shares with shared voting power. They likewise report no sole dispositive power, but shared dispositive power over the same 549,715 shares.
How many Sleep Number Corp (SNBRQ) shares are tied to AQR Capital Management II, LLC?
AQR Capital Management II, LLC is associated with 191,171 shares with shared voting and shared dispositive power. These shares are held by investment funds for which it serves as managing member and may be deemed beneficially owned through its authority over those securities.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Sleep Number Corp
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
83125X103
(CUSIP Number)
06/30/2026
(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):
83125X103
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
549,715.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
549,715.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
549,715.00
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)
2.38 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
83125X103
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
549,715.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
549,715.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
549,715.00
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)
2.38 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
83125X103
1
Names of Reporting Persons
AQR Capital Management II, 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
191,171.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
191,171.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
191,171.00
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)
0.83 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: The shares reported herein are held directly by one or more investment funds for which AQR Capital Management II, LLC serves as managing member. AQR Capital Management II, LLC may be deemed to beneficially own such securities by virtue of its authority with respect to the voting and disposition of such securities.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sleep Number Corp
(b)
Address of issuer's principal executive offices:
1001 THIRD AVENUE SOUTH, MINNEAPOLIS, MINNESOTA
55404
Item 2.
(a)
Name of person filing:
AQR Capital Management, LLC
AQR Capital Management Holdings, LLC
AQR Capital Management II, 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 Capital Management II, LLC - UNITED STATES
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
83125X103
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:
549,715
(b)
Percent of class:
2.38 %
(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 Capital Management II, LLC - 0
(ii) Shared power to vote or to direct the vote:
AQR Capital Management, LLC - 549,715
AQR Capital Management Holdings, LLC - 549,715
AQR Capital Management II, LLC - 191,171
(iii) Sole power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
AQR Capital Management II, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 549,715
AQR Capital Management Holdings, LLC - 549,715
AQR Capital Management II, LLC - 191,171
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 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:
08/11/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
08/11/2026
AQR Capital Management II, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
08/11/2026
Exhibit Information
AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Capital Management II, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties.
AQR Capital Management, LLC and AQR Capital Management II, LLC are wholly owned subsidiaries of AQR Capital Management Holdings, LLC.
