AUMdb

Aqr Capital Management, Llc

SEC-registered Private Fund Manager · Mega ($100B+) CRD 111883 · SEC file 801-55543 · Greenwich, CT · WWW.AQR.COM
☆ Save with Pro ADV data as of May 29, 2026
Regulatory AUM
$312B
Discretionary
$312B
Clients
717
Avg AUM / client
$435M
Accounts
723
Employees
728

AUM over time

$192M $312B
Dec 2011 May 2026

Annual snapshots from Form ADV filings · as of May 29, 2026

Asset allocation (SMA assets by investment type)

as of May 29, 2026
Exchange-traded equities
$256B 82%
Registered investment companies (funds/ETFs)
$21.8B 7%
Derivatives
$18.7B 6%
Cash & equivalents
$15.6B 5%

Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.

Who they serve

Client typeClientsAUM% of AUM
High net worth individuals 97 $9.1B 2.92%
Investment companies 39 $32.3B 10.4%
Pooled investment vehicles (non-investment companies) 240 $155B 49.6%
Pension and profit sharing plans 16 $9.3B 2.98%
Charitable organizations Fewer than 5 clients $101M 0.03%
State or municipal government entities 17 $13.9B 4.45%
Other investment advisers 297 $78.9B 25.3%
Insurance companies Fewer than 5 clients $211M 0.07%
Sovereign wealth funds and foreign official institutions 11 $13.3B 4.27%

Private funds (97)

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Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $63.9B combined gross assets

FundTypeDomicileGross assetsOwners
Aqr Style Premia Master Account, L.P. master Hedge Fund Cayman Islands $9.2B 47
Aqr Equity Market Neutral Global Value Fund, L.P. master Hedge Fund Delaware $8.8B 30
Aqr Absolute Return Master Account, L.P. master Hedge Fund Cayman Islands $4.6B 36
Aqr Grp El Master Account Ltd. master Hedge Fund Cayman Islands $4.0B 35
Aqr Style Premia U.S. Long Only Equity Beta 1 Fund, L.P. Hedge Fund Delaware $3.7B 3
Aqr Ta Global Alpha Fund, L.P. Hedge Fund Delaware $2.9B 48
Aqr Global Risk Premium Master Account Ltd. master Hedge Fund Cayman Islands $2.9B 19
Aqr Grp El Fund Ii, L.P. Hedge Fund Delaware $2.1B 3
Aqr Emerging Equities Fund, L.P. Hedge Fund Delaware $1.8B 19
Aqr Apex Ms Master Account, L.P. master Hedge Fund Cayman Islands $1.8B 11
Aqr Alternative Trends Master Account, L.P. master Hedge Fund Cayman Islands $1.8B 26
Aqr Delphi Long Short Equity Master Account, L.P. master Hedge Fund Cayman Islands $1.7B 553
Aqr Global Alternative Investment Offshore Fund, L.P. Hedge Fund Cayman Islands $1.6B 6
Aqr Managed Futures Fund, L.P. master Hedge Fund Delaware $1.5B 1
Aqr Grp El 20 Master Account Ltd. Hedge Fund Cayman Islands $1.3B 7

Retirement plan clients

Plans that reported this firm as an investment service provider on Form 5500 Schedule C.

Plan Location Plan year
Soft Drink And Brewery Workers Union Local 812 Retirement Fund Board Of Trustees Soft Drink And Brewery Workers 2024
Plumbers' Pension Fund, Local 130, U.A. Trustees Of The Plumbers Pension Fund, Local 130, U.A. 2024
Nokia Savings/401(k) Plan Nokia Of America Corporation 2024
Boilermaker Blacksmith National Pension Trust Board Of Trustees Boilermaker Blacksmith National 2024
Pacific Gas And Electric Company Retirement Plan Pacific Gas And Electric Company 2024
Marsh & Mclennan Companies Retirement Plan Marsh & Mclennan Companies, Inc. 2024
Truck Drivers & Helpers Local Union No. 355 Retirement Plan Joint Board Of Trustees Of The Drivers And Helpers Local No. 355 2024

People (8)

roster as of Jul 20, 2026
NameRole / titleCredentialsWith firm sinceOwnership
Asness, Clifford, Scott President, Founding And Managing Principal Jan 1998 (29y) ≈ 9.38% – 37.5% via Aqr Capital Management Group, L.P.
Kabiller, David, Gary Founding Principal Jan 1998 (29y) Less than 5%
Liew, John, Mihn Soo Founding Principal Jan 1998 (29y) Less than 5%
Asness, Bradley, David Co Chief Operating Officer Dec 2004 (22y) Less than 5%
Howard, John, Bradley Co Chief Operating Officer Feb 2011 (16y) Less than 5%
Willcox, Herbert, James Chief Compliance Officer Aug 2013 (13y) Less than 5%
Ryan, Patrick, Edmund Chief Financial Officer Aug 2023 (3y) Less than 5%
Mark Jeffrey Beal Registered representative Aug 2021 (5y)

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Aqr Capital Management Holdings, Llc Member Nov 2004 A 75% or more
Affiliated Managers Group, Inc. Member Nov 2004 B ≈ 14.06% – 50% via Topspin Acquisition, Llc
Aqr Capital Management Group, L.P. Member Sep 2012 B ≈ 37.5% – 75% via Aqr Capital Management Holdings, Llc
Topspin Acquisition, Llc Member Dec 2014 B ≈ 18.75% – 50% via Aqr Capital Management Holdings, Llc
Aqr Capital Management Group Gp, Llc General Partner Aug 2012 B GP / trustee / elected manager of Aqr Capital Management Group, L.P. (indirect)

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Asness, Clifford, Scott: 25% – 50% of Aqr Capital Management Group, L.P. × 50% – 75% of Aqr Capital Management Holdings, Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
  • Affiliated Managers Group, Inc.: 75% – 100% of Topspin Acquisition, Llc × 25% – 50% of Aqr Capital Management Holdings, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
  • Aqr Capital Management Group, L.P.: 50% – 75% of Aqr Capital Management Holdings, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
  • Topspin Acquisition, Llc: 25% – 50% of Aqr Capital Management Holdings, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (97, $63.9B gross assets)

FundTypeGross assetsMin. investmentOwners
Aqr Style Premia Master Account, L.P. Hedge Fund $9.2B $5.0M 47
Aqr Equity Market Neutral Global Value Fund, L.P. Hedge Fund $8.8B $5.0M 30
Aqr Absolute Return Master Account, L.P. Hedge Fund $4.6B $5.0M 36
Aqr Grp El Master Account Ltd. Hedge Fund $4.0B $5.0M 35
Aqr Style Premia U.S. Long Only Equity Beta 1 Fund, L.P. Hedge Fund $3.7B $5.0M 3
Aqr Ta Global Alpha Fund, L.P. Hedge Fund $2.9B $5.0M 48
Aqr Global Risk Premium Master Account Ltd. Hedge Fund $2.9B $5.0M 19
Aqr Grp El Fund Ii, L.P. Hedge Fund $2.1B $5.0M 3
Aqr Emerging Equities Fund, L.P. Hedge Fund $1.8B $5.0M 19
Aqr Apex Ms Master Account, L.P. Hedge Fund $1.8B $5.0M 11
Aqr Alternative Trends Master Account, L.P. Hedge Fund $1.8B $5.0M 26
Aqr Delphi Long Short Equity Master Account, L.P. Hedge Fund $1.7B $5.0M 553
Aqr Global Alternative Investment Offshore Fund, L.P. Hedge Fund $1.6B $5.0M 6
Aqr Managed Futures Fund, L.P. Hedge Fund $1.5B $5.0M 1
Aqr Grp El 20 Master Account Ltd. Hedge Fund $1.3B $5.0M 7
Aqr Ta Delphi Plus Fund, Llc Hedge Fund $1.1B $5.0M 128
Aqr Ta Delphi Long Short Equity Fund, Llc Hedge Fund $907M $5.0M 219
Aqr Multi Strategy Fund Vii, L.P. Hedge Fund $830M $5.0M 1
Aqr Adaptive Multi Asset Master Account Iii, L.P. Hedge Fund $783M $5.0M 12
Aqr Multi Strategy Fund X, L.P. Hedge Fund $729M $5.0M 1
Aqr Ta Legacy Fund, Llc Hedge Fund $653M $5.0M 89
Aqr Real Return Master Account, L.P. Hedge Fund $651M $5.0M 6
Aqr Offshore Multi Strategy Fund Xxiii, L.P. Hedge Fund $610M $5.0M 2
Aqr Delta Master Account, L.P. Hedge Fund $581M $5.0M 171
Aqr Global Macro Master Account, L.P. Hedge Fund $562M $5.0M 12

Top 25 of 97 funds by gross assets · all funds

From Form ADV Section 7.B private fund reporting.

Retirement plans served (7)

PlanSponsorParticipantsPlan assetsAs of
Soft Drink And Brewery Workers Union Local 812 Retirement Fund Board Of Trustees Soft Drink And Brewery Workers 1,656 $974M 07/01/2024
Plumbers' Pension Fund, Local 130, U.A. Trustees Of The Plumbers Pension Fund, Local 130, U.A. 3,098 $1.7B 06/01/2024
Nokia Savings/401(k) Plan Nokia Of America Corporation 6,331 $9.8B 01/01/2024
Boilermaker Blacksmith National Pension Trust Board Of Trustees Boilermaker Blacksmith National 27,660 $7.5B 01/01/2024
Pacific Gas And Electric Company Retirement Plan Pacific Gas And Electric Company 28,573 $17.6B 01/01/2024
Marsh & Mclennan Companies Retirement Plan Marsh & Mclennan Companies, Inc. 6,545 $4.2B 01/01/2024
Truck Drivers & Helpers Local Union No. 355 Retirement Plan Joint Board Of Trustees Of The Drivers And Helpers Local No. 355 1,785 $732M 01/01/2024

From Form 5500 service-provider disclosures.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 05/29/2026 46.1 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

Regulatory · Item 11.E(2) as of Nov 27, 2024

Allegations: IT IS ALLEGED THAT AS OF THE CLOSE OF BUSINESS ON SEPTEMBER 6, 2012, AQR CAPITAL MANAGEMENT, LLC VIOLATED FUTURES CONTRACT POSITION LIMITS SET BY THE CME GROUP IN CONNECTION WITH THE TRADING OF EUROPEAN GASOIL BULLET FUTURES. Status: Final Sanction Detail: AQR CAPITAL MANAGEMENT, LLC WILL PAY $25,000.00 TO THE NEW YORK MERCANTILE EXCHANGE IN ACCORDANCE WITH THE TERMS OF THE SETTLEMENT. Summary: ON MARCH 27, 2013, EFFECTIVE APRIL 1, 2013, AQR CAPITAL MANAGEMENT, LLC VOLUNTARILY AGREED, WITHOUT ADMITTING OR DENYING ANY ALLEGATIONS, TO A SETTLEMENT WITH THE NEW YORK MERCANTILE EXCHANGE (NYMEX) BUSINESS CONDUCT COMMITTEE RELATED TO NYMEX RULE 562. AQR CAPITAL MANAGEMENT, LLC'S SETTLEMENT CONSISTED OF THE PAYMENT OF $25,000 TO NYMEX. AQR CAPITAL MANAGEMENT, LLC WILL FULLY COMPLY WITH ITS OBLIGATIONS UNDER THE SETTLEMENT.

Regulatory · Item 11.E(2) as of Nov 27, 2024

Allegations: IT IS ALLEGED THAT AS OF THE CLOSE OF BUSINESS ON JANUARY 15, 2013, AQR CAPITAL MANAGEMENT, LLC VIOLATED FUTURES CONTRACT POSITION LIMITS SET BY THE CME GROUP IN CONNECTION WITH THE TRADING OF CRUDE OIL FINANCIAL FUTURES. Status: Final Sanction Detail: AQR CAPITAL MANAGEMENT, LLC WILL PAY $60,000.00 TO THE NEW YORK MERCANTILE EXCHANGE IN ACCORDANCE WITH THE TERMS OF THE SETTLEMENT. Summary: ON MARCH 27, 2013, EFFECTIVE APRIL 1, 2013, AQR CAPITAL MANAGEMENT, LLC VOLUNTARILY AGREED, WITHOUT ADMITTING OR DENYING ANY ALLEGATIONS, TO A SETTLEMENT WITH THE NEW YORK MERCANTILE EXCHANGE (NYMEX) BUSINESS CONDUCT COMMITTEE RELATED TO NYMEX RULE 562. AQR CAPITAL MANAGEMENT, LLC'S SETTLEMENT CONSISTED OF THE PAYMENT OF $60,000 TO NYMEX. AQR CAPITAL MANAGEMENT, LLC WILL FULLY COMPLY WITH ITS OBLIGATIONS UNDER THE SETTLEMENT.

Regulatory · Item 11.E(2) as of Nov 27, 2024

Allegations: IT IS ALLEGED THAT AS OF THE CLOSE OF BUSINESS ON APRIL 17, 2013, AQR CAPITAL MANAGEMENT, LLC VIOLATED FUTURES CONTRACT POSITION LIMITS SET BY THE CME GROUP IN CONNECTION WITH THE TRADING OF SOYBEAN FUTURES. Status: Final Sanction Detail: AQR CAPITAL MANAGEMENT, LLC WILL PAY $70,000 TO THE CHICAGO BOARD OF TRADE AND DISGORGE PROFITS IN THE AMOUNT OF $925, IN ACCORDANCE WITH THE TERMS OF THE SETTLEMENT. Summary: ON SEPTEMBER 9, 2013, EFFECTIVE OCTOBER 24, 2013, AQR CAPITAL MANAGEMENT, LLC VOLUNTARILY AGREED, WITHOUT ADMITTING OR DENYING ANY ALLEGATIONS, TO A SETTLEMENT WITH THE CHICAGO BOARD OF TRADE (CBOT) BUSINESS CONDUCT COMMITTEE RELATED TO CBOT RULE 562. AQR CAPITAL MANAGEMENT, LLC'S SETTLEMENT CONSISTED OF THE PAYMENT OF $70,000 AND A DISGORGEMENT OF PROFITS IN THE AMOUNT OF $925. AQR CAPITAL MANAGEMENT, LLC WILL FULLY COMPLY WITH ITS OBLIGATIONS UNDER THE SETTLEMENT.

Regulatory · Item 11.D(2), 11.D(4) as of Nov 27, 2024

Allegations: AQR NOTIFIED THE AFM OF NET SHORT POSITIONS IN THE SHARES OF TWO DUTCH ISSUERS. THAT NOTIFICATION WAS MADE UNINTENTIONALLY LATER THAN THE NEXT-DAY NOTIFICATION DEADLINE SPECIFIED IN REGULATION (EU) NO. 236/2012. Status: Final Sanction Detail: AQR WAS ORDERED TO PAY AN ADMINISTRATIVE FINE OF OF EUR 500,000. Summary: ON APRIL 28, 2015, AQR RECEIVED A LEGALLY BINDING NOTICE THAT THE AFM HAD DECIDED TO IMPOSE A TOTAL ADMINISTRATIVE FINE OF EUR 500,000 (APPROXIMATELY US $572,455) FOR THE LATE NOTIFICATIONS WITH RESPECT TO THE TWO ISSUERS.

Regulatory · Item 11.D(2), 11.D(4) as of Nov 27, 2024

Allegations: IN JULY 2014, AQR NOTIFIED THE SFSA OF NET SHORT POSITIONS IN THE SHARES OF A SWEDISH ISSUER. THAT NOTIFICATION WAS MADE UNINTENTIONALLY LATER THAN THE NEXT-DAY NOTIFICATION DEADLINE SPECIFIED IN REGULATION (EU) NO. 236/2012. Status: Final Sanction Detail: AQR WAS ORDERED TO PAY A SPECIAL FEE OF 260,000 SWEDISH KRONOR (APPROXIMATELY USD 30,000) UPON THE ISSUANCE OF AN INVOICE BY THE SFSA. Summary: ON APRIL 2, 2015, AQR RECEIVED NOTICE THAT THE SFSA HAD DECIDED TO IMPOSE A SPECIAL FEE OF 260,000 SWEDISH KRONOR (APPROXIMATELY US $30,000) FOR THE LATE NOTIFICATIONS. ON MAY 25, 2015, THE DECISION WILL BECOME LEGALLY BINDING. AQR PAID THE SPECIAL FEE FOLLOWING THE ISSUANCE OF AN INVOICE BY THE SFSA.

Regulatory · Item 11.D(2), 11.D(4) as of Nov 27, 2024

Allegations: IN MAY 2014, AQR NOTIFIED THE SFSA OF A NET SHORT POSITION IN THE SHARES OF A SWEDISH ISSUER. THAT NOTIFICATION WAS MADE UNINTENTIONALLY LATER THAN THE NEXT-DAY NOTIFICATION DEADLINE SPECIFIED IN REGULATION (EU) NO. 236/2012. Status: Final Sanction Detail: AQR WAS ORDERED TO PAY A SPECIAL FEE OF 20,000 SWEDISH KRONOR (APPROXIMATELY USD 2,300) UPON THE ISSUANCE OF AN INVOICE BY THE SFSA. Summary: ON APRIL 2, 2015, AQR RECEIVED NOTICE THAT THE SFSA HAD DECIDED TO IMPOSE A SPECIAL FEE OF 20,000 SWEDISH KRONOR (APPROXIMATELY US $2,300) FOR THE LATE NOTIFICATION. ON MAY 25, 2015, THE DECISION WILL BECOME LEGALLY BINDING. AQR PAID THE SPECIAL FEE FOLLOWING THE ISSUANCE OF AN INVOICE BY THE SFSA.

Disclosure text reproduced verbatim from the firm's own Form ADV filings.

How they charge

  • • Percentage of assets under management
  • • Performance-based fees
  • • Other fees
  • • A PERCENTAGE OF ASSETS UNDER ADVISEMENT

Services

  • • Portfolio management for individuals/small businesses
  • • Portfolio management for investment companies
  • • Portfolio management for pooled investment vehicles
  • • Portfolio management for businesses/institutional clients
  • • Other services

Custody

Reported custodians

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 29, 2026.

View current Form ADV (SEC/IAPD) ↗