AQR Capital Management Holdings, LLC filed 78 Form 4 transactions across two companies, with a clear sell-side bias. Total open-market sales reached $12,378,753.69, against a single open-market purchase of $61,110.84. The firm reported no acquisitions through grants, option exercises, or conversions. In the recent window, AQR logged 24 open-market sales and one purchase, all in the special purpose acquisition company space.
The purchase occurred on April 15, 2026, in ZSPC, valued at $61,110.84. That same day, AQR sold $505.31 of ZSPC, and on April 16 it sold another $14.01. The ZSPC activity is small relative to the IBAC trades. On March 23, 2026, AQR executed 11 open-market sales in IBAC, ranging from $11,437.20 to $1,490,454, totaling roughly $3.9 million. A separate IBAC sale on March 20 was $49,654.25.
The pattern extends back to October 9, 2025, when AQR filed 11 IBAC sales, from $6,420.60 to $836,484.12, for a combined value near $2 million. Across all recent filings, the selling is concentrated in IBAC, with the largest single transaction at $1.49 million. The ZSPC purchase is the only open-market buy in the dataset, and it is an order of magnitude smaller than the surrounding sales. The data shows consistent liquidation in IBAC over multiple months, with no offsetting accumulation in either company.
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