AQR Capital Management Acquires 6.32% Stake in ExlService Holdings, Inc.

AQR Capital Management, LLC and its parent holding company, AQR Capital Management Holdings, LLC, have filed a Schedule 13G indicating a significant new position in ExlService Holdings, Inc. (EXLS). As of March 31, 2026, the filers beneficially own 9,876,298 shares of common stock, representing a 6.32% ownership stake in the company. The filing specifies that AQR Capital Management, LLC, acting as an investment adviser, and AQR Capital Management Holdings, LLC, as a parent holding company, share dispositive power over the full 9,876,298 shares, while sharing voting power over 9,460,174 shares. This position represents a substantial increase from a previous 0% holding, crossing the 5% regulatory threshold for reporting. The investment is characterized as passive, held in the ordinary course of business without the intent to influence or change the control of the issuer. The filing was executed on May 14, 2026, by authorized signatory Henry Parkin.