AQR Capital Management, LLC has filed a Form 8.3 opening position disclosure with the Irish Takeover Panel, revealing a total interest of 1.56% in DCC Energy plc as of 4 November 2026. The Connecticut-based quantitative investment manager holds 1,333,367 relevant securities in DCC Energy, an international energy solutions business, triggering the mandatory disclosure threshold of 1% or more under Rule 8.3 of the Irish Takeover Panel Act, 1997. The filing, dated 5 November 2026, also records a short position equivalent to 0.04% of DCC Energy's €0.25 ordinary share class. Investors monitoring the ongoing offer situation surrounding DCC Energy will note this disclosure as a significant institutional position update.

Key Points

  • AQR Capital Management, LLC discloses interest in DCC Energy plc (DCC)
  • Total interest of 1,333,367 shares, representing 1.56% of DCC Energy's €0.25 ordinary share class, disclosed as of 4 November 2026
  • Short position of 36,292 securities, equivalent to 0.04%, also recorded in the filing
  • Investors should watch for further Rule 8.3 disclosures as the offer situation develops

AQR's 1.56% Interest in DCC Energy Broken Down by Security Type

AQR Capital Management's total disclosed interest of 1,333,367 securities in DCC Energy plc comprises two distinct components. The firm directly owns and controls 614,257 shares, representing 0.72% of the relevant share class. A further 719,110 securities, equating to 0.84%, are held via cash-settled derivatives, specifically equity swaps. No stock-settled derivatives or agreements to purchase or sell were reported. On the short side, AQR holds 30,264 directly owned or controlled positions alongside 6,028 via cash-settled derivatives, together representing a 0.04% aggregate short position in DCC Energy's €0.25 ordinary share class.

Equity Swap Transactions in DCC Energy Executed at Prices Around £64.52

The Form 8.3 filing details several cash-settled derivative dealings undertaken ahead of the 4 November 2026 position date. AQR conducted two equity swap transactions increasing its long position, covering 2,015 securities at £64.5142 per unit and 2,006 securities at £64.5264 per unit respectively. A partial reduction of the long position was also executed, involving 551 securities at £64.5221 per unit. No purchases, sales, or stock-settled derivative transactions were reported in the filing. AQR confirmed it has no indemnity arrangements, options, or agreements relating to voting rights on DCC Energy securities connected to the offer.

DCC Energy plc and the Irish Takeover Panel Disclosure Obligation

DCC Energy plc is the energy division of DCC plc, an international sales, marketing, and support services group operating across multiple European markets, with activities spanning liquefied petroleum gas distribution, oil products, and energy services. Under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2022, any person holding an interest of 1% or more in an offeror or offeree company during an offer period must publicly disclose their position. AQR's filing confirms it is not an exempt fund manager connected to any party to the offer, and that no supplemental Form 8 was attached to this disclosure.