Apollo Management Holdings, L.P.

Name: Apollo Management Holdings, L.P. 13F holdings, Q4 2024
Creator: Apollo Management Holdings, L.P.
Published: 2025-02-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Apollo Management Holdings, L.P. reported 32 stock positions worth $4.7 billion. Its top holding was Adt (ADT) at 53.0% of the portfolio, followed by Hilton Grand Vacations (HGV, 21.9%) and Rackspace Technology (RXT, 6.1%). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 4 and reduced 9. The biggest buy was a new position in iShares Russell 2000 ETF (IWM) and the biggest sale Adt (ADT, shares −15%).

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0001449434
Portfolio Value: $4.7B (Q4 2024)
SEC Filing: 0001456421-25-000003 ↗ filed Feb 14, 2025

Holdings Value

Holdings 32 stocks · $4.7B


ADT Adt Inc.	52.97%	359,150,366	$2.5B	Reduce -15.2%
HGV Hilton Grand Vacations Inc.	21.86%	26,295,825	$1.0B	Reduce -13.2%
RXT Rackspace Technology Inc.	6.11%	129,609,000	$286.4M	No change
GBTG Global Business Travel Group	5.09%	25,706,886	$238.6M	No change
ARKB ARK 21SHARES Bitcoin ETF	2.23%	1,120,000	$104.5M	No change
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC	1.97%	6,346,105	$92.5M	Reduce -43.1%
AROC Archrock Inc.	1.83%	3,436,825	$85.5M	Reduce -50.0%
TDAY USA Today Co. Inc. filed as GANNETT CO INC	1.29%	11,925,911	$60.3M	Reduce -2.3%
SABR Sabre Corp.	1.12%	14,400,819	$52.6M	No change
IWM iShares Russell 2000 ETF	0.96%	203,557	$45.0M	New
MFIC Midcap Financial Investment	0.71%	2,467,701	$33.3M	Add +0.0%
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC	0.63%	12,192,050	$29.4M	Add +21.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.63%	50,000	$29.3M	New
UNIT Uniti Group LLC Com SHS	0.62%	5,239,917	$28.8M	Add +4.6%
CYH Community Health Systems Inc.	0.43%	6,689,741	$20.0M	Add +20.5%
NBR Nabors Industries Ltd.	0.41%	334,284	$19.1M	Reduce -27.5%
ETHA iShares Ethereum Trust ETF	0.36%	665,000	$16.8M	New
ACI Albertsons Cos Inc. Class A	0.24%	569,000	$11.2M	New
ARI Apollo Commercial Real Estat	0.12%	665,573	$5.8M	No change
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	0.10%	11,000,000	$4.7M	New
MNKD Mannkind Corp.	0.09%	664,113	$4.3M	Reduce -31.1%
MAC COPPER LTD	0.06%	249,688	$2.7M	No change
SGHT Sight Sciences Inc.	0.05%	671,520	$2.4M	No change
ORIGIN MATERIALS INC	0.03%	1,076,332	$1.4M	Reduce -10.1%
MXCT Maxcyte Inc.	0.03%	307,987	$1.3M	No change
PSBD Palmer Square Capital BDC Inc.	0.03%	77,811	$1.2M	Reduce -40.9%
CCLD Carecloud Inc.	0.02%	209,844	$768K	No change
CION Cion Investment Corp.	0.02%	63,262	$721K	No change
TKNO Alpha Teknova Inc.	0.01%	65,036	$543K	New
CLDI Calidi Biotherapeutics Inc.	0.00%	12,500	$14K	No change
ATER Aterian Inc.	0.00%	2,276	$5K	No change
PR Permian Resources Corp. Class A	0.00%	44	$633	No change

Options reported separately and not counted above: IWM puts ($1.6B), QQQ puts ($279.1M), SMH puts ($159.8M), TSM puts ($79.7M), LNC puts ($56.1M), NVDA puts ($53.6M), URA calls ($50.3M), BBY puts ($41.2M), AGO puts ($29.7M), SPY puts ($29.3M), ACI calls ($9.8M).

Other holdings (9): bonds, preferreds, convertibles and warrants · $179.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
ECHOSTAR CORP (ECHO 3.875 11/30/30)	NOTE 3.875%11/3 · principal	138,212,382	$146.1M	New
THE REALREAL INC (REAL 1 03/01/28)	NOTE 1.000% 3/0 · principal	43,501,000	$33.1M	Reduce -10.3%
PLMWF Plum Acquisition Corp. III-CW	*W EXP 03/31/202	743,813	$134K	No change
HCVIW Hennessy Capital Inv A -CW27	*W EXP 99/99/999	823,332	$100K	No change
SATLW Satellogic Inc.-A -23	*W EXP 01/25/202	147,784	$54K	No change
PITWF Heramba Electric PLC-28	*W EXP 07/26/202	1,237,499	$53K	No change
NETDW Nabors Energy Transiti-CW	*W EXP 09/01/202	149,999	$24K	No change
FBYDW Falcon's Beyond Global-27	*W EXP 10/06/202	12,433	$11K	No change
BNAIW Brand Engagement Netwo -CW27	*W EXP 03/14/202	18,143	$1K	No change

Total filed on the 13F, all lines: $4.9B.

Portfolio Sells Q3 2024 → Q4 2024


ADT Adt Inc.	Reduce -15.2%	52.97%	−3.94
AROC Archrock Inc.	Reduce -50.0%	1.83%	−0.76
INTC Intel Corp.	Sold out	0.00%	−0.50
BLCO Bausch + Lomb Corp.	Sold out	0.00%	−0.49
SNCY Sun Country Airlines Holding	Reduce -43.1%	1.97%	−0.35
ECHO Echostar Corp. Class A	Sold out	0.00%	−0.22
NBR Nabors Industries Ltd.	Reduce -27.5%	0.41%	−0.14
CCO Clear Channel Outdoor Holdin	Sold out	0.00%	−0.09
MNKD Mannkind Corp.	Reduce -31.1%	0.09%	−0.02
PSBD Palmer Square Capital BDC Inc.	Reduce -40.9%	0.03%	−0.01
ORIGIN MATERIALS INC	Reduce -10.1%	0.03%	−0.00
TDAY USA Today Co. Inc.	Reduce -2.3%	1.29%	+0.01
HGV Hilton Grand Vacations Inc.	Reduce -13.2%	21.86%	+1.41

Portfolio Buys Q3 2024 → Q4 2024


IWM iShares Russell 2000 ETF	New	0.96%	+0.96
SPY SS SPDR S&P 500 ETF Trust-US	New	0.63%	+0.63
ETHA iShares Ethereum Trust ETF	New	0.36%	+0.36
ACI Albertsons Cos Inc. Class A	New	0.24%	+0.24
OPTU Optimum Communications Inc. Class A	Add +21.9%	0.63%	+0.17
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	New	0.10%	+0.10
MFIC Midcap Financial Investment	Add +0.0%	0.71%	+0.10
UNIT Uniti Group LLC Com SHS	Add +4.6%	0.62%	+0.09
TKNO Alpha Teknova Inc.	New	0.01%	+0.01
CYH Community Health Systems Inc.	Add +20.5%	0.43%	−0.20

Options Activity Q3 2024 → Q4 2024


IWM iShares Russell 2000 ETF	put	Add +60.0%	7,200,000	$1.6B
QQQ Invesco QQQ Trust Series 1	put	New	546,000	$279.1M
SMH Vaneck Semiconductor ETF	put	New	660,000	$159.8M
TSM Taiwan Semiconductor-SP ADR	put	New	403,500	$79.7M
NVDA Nvidia Corp.	put	New	399,000	$53.6M
BBY Best Buy Co. Inc.	put	New	480,000	$41.2M
SPY SS SPDR S&P 500 ETF Trust-US	put	Reduce -93.6%	50,000	$29.3M
ACI Albertsons Cos Inc. Class A	call	New	500,000	$9.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024


DISH NETWORK CORP (DISH 0 12/15/25)	NOTE 12/1 · principal	Sold out	177,486,000	$154.0Mbefore exit
ECHOSTAR CORP (ECHO 3.875 11/30/30)	NOTE 3.875%11/3 · principal	New	138,212,382	$146.1M
DISH NETWORK CORP (DISH 3.375 08/15/26)	NOTE 3.375% 8/1 · principal	Sold out	115,454,000	$93.8Mbefore exit
THE REALREAL INC (REAL 1 03/01/28)	NOTE 1.000% 3/0 · principal	Reduce -10.3%	43,501,000	$33.1M
TGAWF Target Global Acq I -CW27	*W EXP 12/08/202	Sold out	251,862	$19Kbefore exit
BOCNW Blue Ocean Acquisition A -23	*W EXP 99/99/999	Sold out	947,801	$15Kbefore exit
MITAW Coliseum Acquisition A -CW28	*W EXP 08/22/202	Sold out	217,457	$11Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	77	$6.1B	RXT, PXED, HGV, AERO, VOO
Q1 2026	75	$5.2B	PXED, HGV, ADT, AERO, VOO
Q4 2025	93	$8.5B	AHL, ADT, HGV, PXED, AERO
Q3 2025	37	$5.6B	AHL, ADT, HGV, ECHO, RXT
Q2 2025Amended	37	$6.1B	AHL, ADT, HGV, RXT, GBTG
Q1 2025	34	$4.2B	ADT, HGV, RXT, GBTG, ARKB
Q4 2024	32	$4.7B	ADT, HGV, RXT, GBTG, ARKB
Q3 2024	30	$5.4B	ADT, HGV, RXT, GBTG, AROC
Q2 2024	35	$5.5B	ADT, HGV, RXT, GBTG, SNCY
Q1 2024	41	$7.1B	ADT, SNX, HGV, RXT, SNCY