AQR Capital Management (via related entities) reports beneficial ownership of 6.29% of Xsolla SPAC 1's Class A ordinary shares, representing 1,311,960 shares.
The filing lists AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC as joint filers with shared voting and dispositive power over the 1,311,960 units. The CUSIP is G9833K102.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed: 6.29% ownership reported.
The filing states that related AQR entities jointly beneficially own 1,311,960 shares of Class A ordinary shares (CUSIP G9833K102), with shared voting and dispositive power. The ownership percentage is reported as 6.29%.
Beneficial ownership is presented as shared among three AQR entities; subsequent filings could show changes in voting arrangements or ownership classification.
Schedule 13G disclosure confirms passive/beneficial ownership reporting by related entities.
The schedule identifies three related filers and states corporate relationships (one entity wholly owned; one controlled). Signatures dated 05/13/2026 appear on the filing. The form aligns with routine institutional reporting requirements for beneficial ownership disclosures.
Watch for any amendment converting to a Schedule 13D if ownership becomes active; timing not provided in the excerpt.
Key Figures
Ownership reported:1,311,960 sharesPercent of class:6.29%CUSIP:G9833K102+2 more
5 metrics
Ownership reported1,311,960 sharesUnits representing Class A ordinary shares
Percent of class6.29%Ownership percentage reported in Schedule 13G
CUSIPG9833K102Identifier for Class A ordinary shares
Record date03/31/2026Date tied to the filing's ownership data
Filing signature date05/13/2026Date the Schedule 13G was signed by authorized signatory
Key Terms
Schedule 13G, beneficially owned, shared dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Xsolla SPAC 1"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedregulatory
"Item 4. Amount beneficially owned: 1,311,960 Units representing 1,311,960 shares"
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.
shared dispositive powerregulatory
"Shared Dispositive Power 1,311,960.00"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Xsolla SPAC 1
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
G9833K102
(CUSIP Number)
03/31/2026
(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):
G9833K102
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
1,311,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,311,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,311,960.00
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)
6.29 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G9833K102
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
1,311,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,311,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,311,960.00
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)
6.29 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
G9833K102
1
Names of Reporting Persons
AQR Arbitrage, 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
1,311,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,311,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,311,960.00
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)
6.29 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Xsolla SPAC 1
(b)
Address of issuer's principal executive offices:
15260 VENTURA BOULEVARD, SUITE 2230, SHERMAN OAKS, CALIFORNIA
91403
Item 2.
(a)
Name of person filing:
AQR Capital Management, LLC
AQR Capital Management Holdings, LLC
AQR Arbitrage, 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 Arbitrage, LLC - UNITED STATES
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G9833K102
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:
1,311,960
*Units representing 1,311,960 shares of Class A ordinary shares, par value $0.0001 per share
(b)
Percent of class:
6.29 %
(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 Arbitrage, LLC - 0
(ii) Shared power to vote or to direct the vote:
AQR Capital Management, LLC - 1,311,960
AQR Capital Management Holdings, LLC - 1,311,960
AQR Arbitrage, LLC - 1,311,960
(iii) Sole power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
AQR Arbitrage, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 1,311,960
AQR Capital Management Holdings, LLC - 1,311,960
AQR Arbitrage, LLC - 1,311,960
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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 acquired and are held in the ordinary course of business and 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:
05/13/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/13/2026
AQR Arbitrage, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/13/2026
Exhibit Information
AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC.
What stake does AQR report in Xsolla SPAC 1 (XSLL)?
AQR reports beneficial ownership of 1,311,960 shares, representing 6.29% of Class A ordinary shares. The filing names AQR Capital Management, AQR Capital Management Holdings, and AQR Arbitrage as joint filers with shared voting and dispositive power.
Which AQR entities filed the Schedule 13G for XSLL?
The filing was made by AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC. The exhibit states ownership/control relationships among these related entities and shared powers over the reported units.
What voting and dispositive powers are reported by AQR for XSLL?
Each listed AQR entity reports 0 sole voting/dispositive power and 1,311,960 shared voting and shared dispositive power over the units. The schedule shows the position is held with shared authority among the filers.
What identifiers and dates appear in the Schedule 13G for XSLL?
The Class A shares carry CUSIP G9833K102. The filing references an ownership record date of 03/31/2026 and signatures dated 05/13/2026 from an authorized signatory.
