# Portfolio overlap — ARCIX vs BILS

Comparing **AQR Risk-Balanced Commodities Strategy Fund** (2026-03-31) and **State Street(R) SPDR(R) Bloomberg 3-12 Month T-Bill ETF** (2026-03-31).

- Shared positions: 16
- AQR Risk-Balanced Commodities Strategy Fund covered by State Street(R) SPDR(R) Bloomberg 3-12 Month T-Bill ETF: 0.2464779236440613743252978985
- State Street(R) SPDR(R) Bloomberg 3-12 Month T-Bill ETF covered by AQR Risk-Balanced Commodities Strategy Fund: 0.2464779236440613743252978985

## AQR Risk-Balanced Commodities Strategy Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Limited Purpose Cash Investment Fund | 0.513984 |  |
| U.S. Treasury Bills | 0.059172 | ✓ |
| U.S. Treasury Bills | 0.038680 |  |
| U.S. Treasury Bills | 0.036669 | ✓ |
| B 0 09/17/26 | 0.030774 | ✓ |
| U.S. Treasury Bills | 0.028526 | ✓ |
| US ULTRA BOND CBT Sep25 | 0.023019 |  |
| U.S. Treasury Bills | 0.022560 | ✓ |
| U.S. Treasury Bills | 0.022073 |  |
| U.S. Treasury Bills | 0.021217 | ✓ |
| U.S. Treasury Bills | 0.020770 |  |
| U.S. Treasury Bills | 0.019852 | ✓ |
| U.S. Treasury Bills | 0.017166 | ✓ |
| U.S. Treasury Bills | 0.016514 |  |
| U.S. Treasury Bills | 0.016427 | ✓ |
| U.S. Treasury Bills | 0.016355 |  |
| U.S. Treasury Bills | 0.013913 | ✓ |
| United States Treasury Bill | 0.012063 | ✓ |
| LME PRI ALUM FUTR Jun26 | 0.011314 |  |
| U.S. Treasury Bills | 0.010171 |  |
| U.S. Treasury Bills | 0.007916 | ✓ |
| United States Treasury Bill | 0.006697 | ✓ |
| U.S. Treasury Bills | 0.006554 | ✓ |
| U.S. Treasury Bills | 0.004056 |  |
| U.S. Treasury Bills | 0.003519 |  |
| Phelix De Base Electricity | 0.003028 |  |
| LME Copper Future | 0.003026 |  |
| LOW SU GASOIL G   JUN26 IFEU 20260611 | 0.002560 |  |
| U.S. Treasury Bills | 0.002460 | ✓ |
| U.S. Treasury Bills | 0.002450 | ✓ |
| UST BILLS 0% 05/14/2026 | 0.001922 |  |
| Low Su Gasoil G   May26 | 0.001738 |  |
| MILL WHEAT EURO   May26 | 0.001054 |  |
| BRENT CRUDE FUTR  JUN26 IFEU 20260430 | 0.000472 |  |
| LME Nickel Future | 0.000440 |  |
| LME ZINC JUN 26 | 0.000283 |  |
| COCOA FUTURE - IC MAY26 QCK6 | 0.000206 |  |
| U.S. Treasury Bills | 0.000194 |  |
| LME LEAD FUTURE   Jun26 | 0.000123 |  |
| MILL WHEAT EURO   Sep26 | 0.000085 |  |

## State Street(R) SPDR(R) Bloomberg 3-12 Month T-Bill ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.090466 |  |
| U.S. Treasury Bills | 0.063087 | ✓ |
| U.S. Treasury Bills | 0.062820 | ✓ |
| U.S. Treasury Bills | 0.062274 | ✓ |
| U.S. Treasury Bills | 0.047065 | ✓ |
| U.S. Treasury Bills | 0.039726 | ✓ |
| U.S. Treasury Bills | 0.039661 | ✓ |
| United States Treasury Bill | 0.038375 | ✓ |
| United States Treasury Bill | 0.038349 | ✓ |
| U.S. Treasury Bills | 0.038321 | ✓ |
| U.S. Treasury Bills | 0.038300 | ✓ |
| U.S. Treasury Bills | 0.038272 | ✓ |
| U.S. Treasury Bills | 0.038244 | ✓ |
| U.S. Treasury Bills | 0.034732 |  |
| U.S. Treasury Bills | 0.034706 |  |
| U.S. Treasury Bills | 0.025303 |  |
| U.S. Treasury Bills | 0.024961 |  |
| U.S. Treasury Bills | 0.024344 | ✓ |
| U.S. Treasury Bills | 0.024278 |  |
| U.S. Treasury Bills | 0.023989 |  |
| U.S. Treasury Bills | 0.023925 |  |
| U.S. Treasury Bills | 0.022190 | ✓ |
| B 0 09/17/26 | 0.022174 | ✓ |
| U.S. Treasury Bills | 0.022160 | ✓ |
| U.S. Treasury Bills | 0.016776 |  |
| U.S. Treasury Bills | 0.016765 |  |
| U.S. Treasury Bill | 0.016753 |  |
| U.S. Treasury Bills | 0.016741 |  |
| U.S. Treasury Bills | 0.015241 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-010944` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1444822/000207169126010944/0002071691-26-010944-index.htm>
- N-PORT (fund B) — accession `0001410368-26-055545` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1064642/000141036826055545/0001410368-26-055545-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_