Apollo Management Holdings, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Apollo Management Holdings, L.P. reported 75 stock positions worth $5.2 billion. Its top holding was Phoenix Education Partners I (PXED) at 15.2% of the portfolio, followed by Hilton Grand Vacations (HGV, 13.8%) and Adt (ADT, 13.0%). Compared with Q4 2025, it opened 16 new positions, sold out of 34, added to 15 and reduced 16. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale an exit from Aspen Insurance Class A (AHL).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001449434
- Portfolio Value
- $5.2B (Q1 2026)
- SEC Filing
- 0001449434-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 75 stocks · $5.2B
| PXED Phoenix Education Partners I | 15.18% | 24,901,319 | $783.4M | No change |
| HGV Hilton Grand Vacations Inc. | 13.83% | 18,245,825 | $713.8M | No change |
| ADT Adt Inc. | 12.99% | 102,000,366 | $670.1M | No change |
| AERO Grupo Aeromexico Sab DE CV | 7.47% | 27,505,017 | $385.3M | No change |
| VOO Vanguard S&P 500 ETF | 6.84% | 590,523 | $352.9M | New |
| ECHO Echostar Corp. Class A | 4.27% | 1,884,465 | $220.6M | Reduce -23.5% |
| NVDA Nvidia Corp. | 3.38% | 1,000,000 | $174.4M | Add +100.0% |
| KMX Carmax Inc. | 3.34% | 4,144,741 | $172.3M | Reduce -17.9% |
| GBTG Global Business Travel Group | 2.47% | 22,884,991 | $127.7M | No change |
| RXT Rackspace Technology Inc. | 2.46% | 129,609,000 | $127.0M | No change |
| CMCSA Comcast Corp. Class A | 2.41% | 4,335,672 | $124.5M | Add +94.0% |
| TPG TPG Inc. | 1.99% | 2,531,318 | $102.5M | New |
| UNIT Uniti Group Inc. | 1.69% | 9,271,714 | $87.0M | Reduce -3.4% |
| TDAY USA Today Co. Inc. | 1.66% | 12,128,756 | $85.5M | No change |
| INVH Invitation Homes Inc. | 0.97% | 2,018,707 | $50.2M | Add +242.2% |
| VTR Ventas Inc. | 0.92% | 581,300 | $47.5M | Add +1.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.90% | 1,699,715 | $46.4M | Add +199.1% |
| CHDN Churchill Downs Inc. | 0.83% | 476,982 | $42.8M | New |
| PSA Public Storage | 0.76% | 143,980 | $39.0M | Add +2.6% |
| EXR Extra Space Storage Inc. | 0.73% | 286,510 | $37.6M | Reduce -2.5% |
| ARES Ares Management Corp. Class A | 0.70% | 330,319 | $36.0M | New |
| CYH Community Health Systems Inc. | 0.65% | 11,489,316 | $33.8M | Reduce -3.0% |
| SPG Simon Property Group Inc. | 0.61% | 169,000 | $31.5M | No change |
| O Realty Income Corp. | 0.60% | 508,760 | $31.1M | No change |
| BRX Brixmor Property Group Inc. | 0.57% | 1,024,300 | $29.5M | No change |
| KIM Kimco Realty Corp. | 0.54% | 1,242,255 | $27.9M | Add +0.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.53% | 265,539 | $27.1M | No change |
| MFIC Midcap Financial Investment | 0.51% | 2,348,747 | $26.4M | Reduce -1.7% |
| OC Owens Corning | 0.50% | 240,600 | $26.0M | New |
| AMH American Homes 4 Rent- A | 0.50% | 924,070 | $25.8M | Add +69.0% |
| UDR Udr Inc. | 0.49% | 754,130 | $25.5M | Reduce -14.8% |
| JAAA Janus Henderson Aaa Clo ETF | 0.49% | 500,000 | $25.2M | No change |
| CPT Camden Property Trust | 0.46% | 245,410 | $24.0M | Reduce -3.3% |
| MHK Mohawk Industries Inc. | 0.46% | 242,067 | $23.8M | New |
| ADC Agree Realty Corp. | 0.46% | 315,810 | $23.8M | Add +5.7% |
| BLDR Builders Firstsource Inc. | 0.46% | 287,606 | $23.7M | New |
| JHX James Hardie Ind PLC | 0.43% | 1,174,991 | $22.3M | New |
| MBC Masterbrand Inc. | 0.42% | 2,638,219 | $21.9M | New |
| SABR Sabre Corp. | 0.40% | 14,400,819 | $20.9M | No change |
| PRIV SS Ig Publ Priv Cred ETF-Usd | 0.39% | 790,000 | $19.9M | Add +4.0% |
| KRG Kite Realty Group Trust | 0.37% | 768,330 | $18.9M | No change |
| AEVA Aeva Technologies Inc. | 0.35% | 1,390,725 | $18.3M | No change |
| ELS Equity Lifestyle Properties | 0.32% | 264,680 | $16.5M | Add +13.4% |
| OHI Omega Healthcare Investors | 0.30% | 357,078 | $15.6M | Reduce -1.1% |
| HST Host Hotels & Resorts Inc. | 0.30% | 802,070 | $15.4M | No change |
| AHR American Healthcare REIT Inc. | 0.26% | 281,320 | $13.3M | No change |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.26% | 222,720 | $13.2M | Reduce -7.7% |
| FR First Industrial Realty TR | 0.23% | 208,950 | $12.1M | Add +3.3% |
| ESS Essex Property Trust Inc. | 0.23% | 48,060 | $11.6M | Reduce -8.6% |
| MAC The Macerich Co. | 0.22% | 609,640 | $11.5M | Add +9.5% |
| HR Healthcare Realty Trust Inc. | 0.22% | 677,181 | $11.5M | Add +8.9% |
| CUZ Cousins Properties Inc. | 0.22% | 503,863 | $11.4M | Reduce -9.0% |
| PRSD SS SHRT Dur Ig Pub&priv Cred | 0.21% | 434,996 | $10.9M | New |
| OPTU Optimum Communications Inc. Class A | 0.15% | 6,104,649 | $7.9M | No change |
| BXP BXP Inc. | 0.14% | 140,410 | $7.3M | Reduce -8.0% |
| ARI Apollo Commercial Real Estat | 0.14% | 665,573 | $7.0M | No change |
| LINE Lineage Inc. | 0.13% | 207,267 | $6.8M | Add +268.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.09% | 16,100 | $4.9M | New |
| WH Wyndham Hotels & Resorts Inc. | 0.09% | 58,850 | $4.8M | New |
| MAR Marriott International Class A | 0.09% | 14,300 | $4.7M | New |
| EPR Epr Properties filed as EPR PPTYS | 0.08% | 86,610 | $4.3M | New |
| H Hyatt Hotels Corp. Class A | 0.08% | 30,000 | $4.3M | New |
| GLPI Gaming and Leisure Propertie | 0.05% | 63,350 | $2.8M | New |
| COLD Americold Realty Trust Inc. | 0.05% | 227,720 | $2.6M | No change |
| BPRE Bluerock Private Real Estate | 0.04% | 124,596 | $2.1M | Reduce -50.0% |
| SGHT Sight Sciences Inc. | 0.02% | 335,000 | $1.3M | Reduce -34.5% |
| MNKD Mannkind Corp. | 0.02% | 484,016 | $1.2M | Reduce -27.1% |
| CCLD Carecloud Inc. | 0.01% | 209,844 | $766K | No change |
| CION Cion Investment Corp. | 0.01% | 63,262 | $433K | No change |
| MXCT Maxcyte Inc. | 0.00% | 307,987 | $216K | No change |
| TKNO Alpha Teknova Inc. | 0.00% | 65,036 | $188K | No change |
| SPSC SPS Commerce Inc. | 0.00% | 3,349 | $186K | No change |
| RAIN Rain Enhancement Techno Class A | 0.00% | 23,970 | $61K | No change |
| ATER Aterian Inc. | 0.00% | 2,276 | $1K | No change |
| CLDI Calidi Biotherapeutics Inc. | 0.00% | 1,042 | $249 | No change |
Options reported separately and not counted above: SMH puts ($766.8M), JPM puts ($328.0M), IWM puts ($322.4M), NVDA puts ($174.4M), CNXC puts ($22.7M).
Other holdings (6): bonds, preferreds, convertibles and warrants · $827.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 230,885,639 | $827.1M | Reduce -51.2% |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 1,364,262 | $184K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 147,784 | $177K | No change |
| RAINW Rain Enhancement-CW 29 | *W EXP 12/31/202 | 217,457 | $45K | No change |
| FBYDW Falcon's Beyond Global-27 | *W EXP 10/06/202 | 12,433 | $23K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 18,143 | $5K | No change |
Total filed on the 13F, all lines: $6.0B.
Portfolio Sells Q4 2025 → Q1 2026
| AHL Aspen Insurance Holdings Class A | Sold out | 0.00% | −32.90 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −4.44 |
| WELL Welltower Inc. | Sold out | 0.00% | −1.12 |
| PLD Prologis Inc. | Sold out | 0.00% | −0.91 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.79 |
| FIGR Figure Technology Solut Class A | Sold out | 0.00% | −0.59 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.56 |
| KMT Kennametal Inc. | Sold out | 0.00% | −0.45 |
| PPLI People Inc. | Sold out | 0.00% | −0.32 |
| WOLF Wolfspeed Inc. | Sold out | 0.00% | −0.18 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −0.17 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.11 |
| VNO Vornado Realty Trust | Sold out | 0.00% | −0.10 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.10 |
| FUBOTV INC (FUBO 3.25 02/15/26) | Sold out | 0.00% | −0.10 |
| NTST Netstreit Corp. | Sold out | 0.00% | −0.09 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.09 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.08 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −0.08 |
| DRH Diamondrock Hospitality Co. | Sold out | 0.00% | −0.07 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.07 |
| SBRA Sabra Health Care REIT Inc. | Sold out | 0.00% | −0.07 |
| IVT Inventrust Properties Corp. | Sold out | 0.00% | −0.05 |
| PDM Piedmont Realty Trust Inc. | Sold out | 0.00% | −0.05 |
| LAMR Lamar Advertising Co. Class A | Sold out | 0.00% | −0.05 |
| ESRT Empire State Realty Trust-A | Sold out | 0.00% | −0.04 |
| RHP Ryman Hospitality Properties | Sold out | 0.00% | −0.04 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −0.04 |
| DEI Douglas Emmett Inc. | Sold out | 0.00% | −0.03 |
| DHC Diversified Healthcare Trust | Sold out | 0.00% | −0.03 |
| SGHT Sight Sciences Inc. | Reduce -34.5% | 0.02% | −0.02 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.02 |
| RLJ RLJ Lodging Trust | Sold out | 0.00% | −0.02 |
| MNKD Mannkind Corp. | Reduce -27.1% | 0.02% | −0.02 |
| XHR Xenia Hotels & Resorts Inc. | Sold out | 0.00% | −0.01 |
| BPRE Bluerock Private Real Estate | Reduce -50.0% | 0.04% | −0.00 |
| ORIGIN MATERIALS INC | Sold out | 0.00% | −0.00 |
| BXP BXP Inc. | Reduce -8.0% | 0.14% | +0.02 |
| CUZ Cousins Properties Inc. | Reduce -9.0% | 0.22% | +0.05 |
| ESS Essex Property Trust Inc. | Reduce -8.6% | 0.23% | +0.06 |
| VMRK Vivmark Residential | Reduce -7.7% | 0.26% | +0.08 |
| UDR Udr Inc. | Reduce -14.8% | 0.49% | +0.11 |
| OHI Omega Healthcare Investors | Reduce -1.1% | 0.30% | +0.11 |
| CPT Camden Property Trust | Reduce -3.3% | 0.46% | +0.14 |
| MFIC Midcap Financial Investment | Reduce -1.7% | 0.51% | +0.19 |
| CYH Community Health Systems Inc. | Reduce -3.0% | 0.65% | +0.22 |
| EXR Extra Space Storage Inc. | Reduce -2.5% | 0.73% | +0.28 |
| UNIT Uniti Group Inc. | Reduce -3.4% | 1.69% | +0.89 |
| KMX Carmax Inc. | Reduce -17.9% | 3.34% | +1.05 |
| ECHO Echostar Corp. Class A | Reduce -23.5% | 4.27% | +1.13 |
Portfolio Buys Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | New | 6.84% | +6.84 |
| NVDA Nvidia Corp. | Add +100.0% | 3.38% | +2.28 |
| TPG TPG Inc. | New | 1.99% | +1.99 |
| CMCSA Comcast Corp. Class A | Add +94.0% | 2.41% | +1.63 |
| CHDN Churchill Downs Inc. | New | 0.83% | +0.83 |
| INVH Invitation Homes Inc. | Add +242.2% | 0.97% | +0.78 |
| VICI Vici Properties Inc. | Add +199.1% | 0.90% | +0.71 |
| ARES Ares Management Corp. Class A | New | 0.70% | +0.70 |
| OC Owens Corning | New | 0.50% | +0.50 |
| MHK Mohawk Industries Inc. | New | 0.46% | +0.46 |
| BLDR Builders Firstsource Inc. | New | 0.46% | +0.46 |
| JHX James Hardie Ind PLC | New | 0.43% | +0.43 |
| MBC Masterbrand Inc. | New | 0.42% | +0.42 |
| VTR Ventas Inc. | Add +1.4% | 0.92% | +0.40 |
| PSA Public Storage | Add +2.6% | 0.76% | +0.33 |
| AMH American Homes 4 Rent- A | Add +69.0% | 0.50% | +0.29 |
| KIM Kimco Realty Corp. | Add +0.2% | 0.54% | +0.25 |
| PRSD SS SHRT Dur Ig Pub&priv Cred | New | 0.21% | +0.21 |
| ADC Agree Realty Corp. | Add +5.7% | 0.46% | +0.21 |
| PRIV SS Ig Publ Priv Cred ETF-Usd | Add +4.0% | 0.39% | +0.16 |
| ELS Equity Lifestyle Properties | Add +13.4% | 0.32% | +0.15 |
| LINE Lineage Inc. | Add +268.0% | 0.13% | +0.11 |
| MAC The Macerich Co. | Add +9.5% | 0.22% | +0.10 |
| HR Healthcare Realty Trust Inc. | Add +8.9% | 0.22% | +0.10 |
| FR First Industrial Realty TR | Add +3.3% | 0.23% | +0.10 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.09% | +0.09 |
| WH Wyndham Hotels & Resorts Inc. | New | 0.09% | +0.09 |
| MAR Marriott International Class A | New | 0.09% | +0.09 |
| EPR Epr Properties | New | 0.08% | +0.08 |
| H Hyatt Hotels Corp. Class A | New | 0.08% | +0.08 |
| GLPI Gaming and Leisure Propertie | New | 0.05% | +0.05 |
Options Activity Q4 2025 → Q1 2026
| SMH Vaneck Semiconductor ETF | put | Reduce -9.1% | 2,000,000 | $766.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 606,000 | $413.2Mbefore exit |
| JPM JPMorgan Chase & Co. | put | New | 1,115,000 | $328.0M |
| IWM iShares Russell 2000 ETF | put | Add +56.0% | 1,300,000 | $322.4M |
| ORCL Oracle Corp. | put | Sold out | 1,500,000 | $292.4Mbefore exit |
| NVDA Nvidia Corp. | put | Reduce -50.5% | 1,000,000 | $174.4M |
| STUB Stubhub Holdings Inc. Class A | put | Sold out | 1,006,600 | $13.6Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -51.2% | 230,885,639 | $827.1M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Sold out | 127,246 | $2.4Mbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Sold out | 40,594 | $773Kbefore 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 |