AQR Entities Hold Over 7% of Stellar V Capital Class A Shares
Rhea-AI Filing Summary
AQR Capital affiliates report beneficial ownership of 1,096,174 Class A ordinary shares of Stellar V Capital, representing 7.05% of the class. The filing shows the holdings are held with shared voting and shared dispositive power and that none of the reporting persons claim sole voting or sole dispositive power.
The filing is a Schedule 13G amendment listing three AQR entities as joint filers and states the securities were acquired and are 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 discloses a 7.05% passive stake (1,096,174 shares) held with shared voting/dispositive power.
The reported stake exceeds the 5% disclosure threshold and is therefore material from a disclosure perspective, but the filing classifies the position as passive under Schedule 13G and includes a certification that the securities were not acquired to influence control. The filing identifies shared voting and shared dispositive power of 1,096,174 shares and zero sole authority, indicating these AQR entities act jointly in respect of these holdings.
TL;DR Joint AQR ownership gives institutional representation but the filing affirms no intent to seek control.
The schedule names AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as reporting persons and documents parent/subsidiary relationships among them. The exhibit clarifies the filing is made on behalf of each party and that one entity is a wholly owned subsidiary while another is controlled by AQR Capital. The lack of sole voting or dispositive power and the Item 10 certification support a passive, non-control posture.