# AQR Capital Management, LLC

> AQR Capital Management, LLC is an SEC-registered investment advisory firm in Greenwich, CT, registered since 1998, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 27, 2026.

- CRD: 111883
- Filed as: AQR CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Greenwich, CT
- Filing period: October 2026
- Form ADV filing dated: August 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111883
- AdvisorCensus page: https://advisorcensus.com/firm/aqr-capital-management-llc-greenwich-ct-111883

## Quick answers

**How is AQR Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), AQR Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**What does AQR Capital Management, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: up to 3.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is AQR Capital Management, LLC located?**
AQR Capital Management, LLC's principal office is in Greenwich, CT, according to its Form ADV.

**Is AQR Capital Management, LLC registered with the SEC or a state?**
AQR Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 111883.

**How much does AQR Capital Management, LLC manage?**
AQR Capital Management, LLC reports $311,703,264,770 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary).

**How have AQR Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for AQR Capital Management, LLC: Regulatory assets under management: $164,441,363,267 in the October 2021 data and $311,703,264,770 in the October 2026 data, up 90%. Total employees: 711 in October 2021 and 728 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does AQR Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: other investment advisers (297); pooled investment vehicles (other than investment companies and business development companies) (240); high net worth individuals (97).

**Which custodians does AQR Capital Management, LLC use?**
AQR Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does AQR Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111883

**What changed in AQR Capital Management, LLC's recent Form ADV filings?**
In the June 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.D(2), 11.D(4)).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: up to 3.5% of assets a year (the maximum the brochure states)

> Advisory fees for the AQR Mutual Funds range up to 3.50% of AUM (generally including, but not limited to, cash balances and cash invested in money market funds, closed end funds, and ETFs ).

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $311,703,264,770
- Discretionary: $311,703,264,770
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 97 | $9,116,595,425 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 39 | $32,261,877,738 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 240 | $154,626,822,082 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 16 | $9,297,225,292 |
| Charitable organizations | Fewer than 5 | $101,342,126 |
| State or municipal government entities (including government pension plans) | 17 | $13,881,565,061 |
| Other investment advisers | 297 | $78,897,220,806 |
| Insurance companies | Fewer than 5 | $210,547,949 |
| Sovereign wealth funds and foreign official institutions | 11 | $13,310,068,291 |
| Corporations or other businesses not listed above | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1998 (28 years)
- Employees: 728 total, 276 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- aqr.com
- aqrucits.com
- funds.aqr.com
- Facebook @AQR-CAPITAL-MANAGEMENT-1530574693842765
- LinkedIn @AQR-CAPITAL-MANAGEMENT
- X @AQRCAPITAL
- YouTube @UCB2C6UDGXL9Z_TWF0IFYK7G

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $164,441,363,267 | 711 | August 25, 2021 |
| October 2022 | $145,451,136,492 | 649 | August 29, 2022 |
| October 2023 | $119,996,796,135 | 566 | August 23, 2023 |
| October 2024 | $132,541,536,421 | 573 | August 28, 2024 |
| October 2025 | $160,519,371,560 | 611 | May 30, 2025 |
| October 2026 | $311,703,264,770 | 728 | August 27, 2026 |

Regulatory assets under management: $164,441,363,267 in the October 2021 data and $311,703,264,770 in the October 2026 data, up 90%.
Total employees: 711 in October 2021 and 728 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 2 (now no: 11.D(2), 11.D(4)).

### April 2026
- Its Item 11 disclosure answers changed.
- Employees performing advisory functions went from 238 to 276.
- Regulatory assets under management went from $160,519,371,560 to $311,703,264,770 (+94%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. AQR Capital Management, LLC (CRD 111883): Form ADV filing data as of October 2026.