AQR Capital Management, LLC has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a combined interest of 1.56% in DCC Energy plc as of 3 November 2026. The US-based investment manager held 1,329,897 relevant securities in total, comprising both directly owned securities and cash-settled derivatives. The disclosure is required under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates that any person holding 1% or more in an offeror or offeree must publicly declare their position during a live offer period. Investors in DCC Energy plc will note that AQR also carried a short position of 36,292 shares, equivalent to 0.04% of relevant securities.

Key Points

  • AQR Capital Management, LLC — filing relates to DCC Energy plc (DCC)
  • AQR disclosed a total long interest of 1,329,897 shares, representing 1.56% of DCC Energy plc's relevant securities, as at 3 November 2026
  • Cash-settled equity swaps totalling 715,640 securities account for 0.84% of the total interest; directly owned and controlled securities of 614,257 account for 0.72%
  • Investors may watch whether AQR's position changes in subsequent Form 8.3 filings as the offer period for DCC Energy plc progresses

AQR Capital Management's Long and Short Positions in DCC Energy plc's €0.25 Ordinary Shares

The Form 8.3 disclosure covers DCC Energy plc's €0.25 ordinary shares exclusively. AQR's total long interest of 1,329,897 securities is split between 614,257 securities owned or controlled outright, representing 0.72%, and 715,640 securities held via cash-settled derivatives, representing 0.84%. On the short side, AQR disclosed 30,264 securities sold or controlled short, equating to 0.04%, alongside a further 6,028 securities referenced through cash-settled short derivatives, also equating to 0.01%, giving a combined short position of 36,292 securities or 0.04% in aggregate. No stock-settled derivatives or options were reported.

Equity Swap Transactions Used to Increase AQR's Long Exposure to DCC Energy

The dealing section of the form records four separate equity swap transactions executed on 3 November 2026, each increasing AQR's long position in DCC Energy plc. The transactions involved 12,697, 3,471, 115, and 68 reference securities respectively, all transacted at prices marginally varying around £64.54 per unit. These dealings are recorded in British pounds sterling, as stated in the announcement. Collectively, the four transactions added to AQR's cash-settled derivative exposure. No purchases or sales of physical shares were reported, and no stock-settled derivative activity was disclosed in the filing.

Irish Takeover Panel Rule 8.3 Obligations Triggered by DCC Energy Offer Period

The requirement for AQR to submit this disclosure arises because DCC Energy plc is currently subject to an offer period under Irish takeover regulations. Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022 requires any party holding an interest of 1% or more in relevant securities of an offeree or offeror to make a public opening position disclosure and to report subsequent dealings. AQR confirmed no indemnity arrangements, options agreements, or understandings relating to voting rights exist with any party to the offer, and no Supplemental Form 8 was attached to this filing.