Schedule 13G: AQR Holdings LLC Discloses 6.68% Stake in XRAY
Rhea-AI Filing Summary
AQR Capital Management and its parent AQR Capital Management Holdings report a material passive stake in DENTSPLY SIRONA Inc. Together they beneficially own 13,316,771 shares of common stock, equal to 6.68% of the class. The filing shows shared voting and shared dispositive power over those shares and records no sole voting or dispositive power.
The Schedule 13G 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. The filing lists the issuer headquarters in Charlotte, NC, gives AQR's Greenwich, CT address, and is signed by an authorized signatory on 08/14/2025. An exhibit notes AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC.
Positive
- Material ownership disclosed: AQR reports 13,316,771 shares, representing 6.68% of DENTSPLY SIRONA's common stock, meeting SEC disclosure thresholds.
- Clear governance posture: Filing certifies holdings were acquired and are held in the ordinary course and not to influence control, and uses Schedule 13G consistent with passive intent.
- Organizational clarity: Exhibit states AQR Capital Management, LLC is wholly owned by AQR Capital Management Holdings, LLC, clarifying reporting relationship.
Negative
- None.
Insights
TL;DR: AQR reports a >5% passive holding (13.3M shares, 6.68%) with shared voting and dispositive power; filing signals disclosure, not activism.
The Schedule 13G shows AQR and its parent hold 13,316,771 shares (6.68%), reported as shared voting and dispositive power and certified as held in the ordinary course of business. For investors, this is a material ownership disclosure because it exceeds the 5% threshold and must be monitored for changes, but the explicit certification and use of Schedule 13G indicate a passive intent rather than an active effort to influence management or control.
TL;DR: Material passive ownership disclosed; governance impact appears limited given shared power and the filer’s ordinary-course certification.
AQR's joint filing and the exhibit clarifying the subsidiary/parent relationship provide clear ownership lineage. Shared voting/dispositive power means AQR can influence votes if coordinated with others, but the certification under Item 10 and choice of Schedule 13G (rather than 13D) signal no current intent to pursue control. Stake size is material and should be tracked for any switch to active engagement or a 13D amendment.