SCHEDULE: AQR Capital Management Discloses 6.26% Stake in Digital Asset Acquisition Corp.

AQR Capital Management and its affiliates have reported a 6.26% passive ownership stake in Digital Asset Acquisition Corp., totaling 1,080,396 Class A ordinary shares.

Summary

• AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC collectively beneficially own 1,080,396 Class A ordinary shares of Digital Asset Acquisition Corp.
• This ownership represents 6.26% of the Class A ordinary shares outstanding.
• The shares are held with shared voting power and shared dispositive power by the reporting persons.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The event requiring this filing occurred on September 30, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership and does not contain information that would significantly alter the fundamental outlook or sentiment towards the company. It is a factual report of an existing stake.

Positives

• The disclosure of a significant institutional investor like AQR Capital Management holding a stake can be viewed as a positive signal of confidence in Digital Asset Acquisition Corp.'s long-term prospects, even if passive.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding future performance or strategic direction.

Industry Context

This filing reflects a standard institutional investment disclosure, where a significant holder reports their passive stake in a publicly traded company. Such disclosures are common and provide transparency into the ownership structure of companies, particularly for Special Purpose Acquisition Companies (SPACs) like Digital Asset Acquisition Corp., which often attract arbitrage-focused institutional investors.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, which can influence market perception and liquidity.
• Potential Investors: Offers insight into the institutional interest in Digital Asset Acquisition Corp.'s shares.

Key Dates

Recommendation

This Schedule 13G filing is a passive ownership disclosure by AQR Capital Management and its affiliates. It indicates a significant, but non-controlling, stake acquired in the ordinary course of business. The filing does not provide new fundamental information about Digital Asset Acquisition Corp.'s operations, financial performance, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on prior analysis of the company's fundamentals.

Keywords

Digital Asset Acquisition Corp., AQR Capital Management, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Institutional Investor, Passive Investment