Apollo Commercial Real EstatARI

13F holders, Q2 2025 (June 30)
253holders +4
29new positions
26sold out
5famous investors
$9.70avg. 13F price*

At the end of Q2 2025, 253 institutions reported holding Apollo Commercial Real Estat (ARI) in their 13F filings, up 4 from Q1 2025. 29 opened new positions and 26 sold out. The largest holders were BlackRock, Inc. ($203.7M), Vanguard Group Inc. ($147.7M) and State Street Corp. ($51.4M). 5 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).

Company
Apollo Commercial Real Estat
CUSIP
03762U105
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300 Q1 2024: 237Q1 2024Q2 2024: 231Q2 2024Q3 2024: 240Q3 2024Q4 2024: 239Q4 2024Q1 2025: 249Q1 2025Q2 2025: 253Q2 2025Q3 2025: 262Q3 2025Q4 2025: 262Q4 2025Q1 2026: 271Q1 2026Q2 2026: 285Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions29$38.4M
Exits26$10.7M

All 13F filers, Q1 2025 → Q2 2025: 7,098,605 shares bought and 7,953,699 shares sold, net −855,094 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 253 holders

BlackRock, Inc. 0.00% Reduce -4.1% 21,041,093 $203.7M
Vanguard Group Inc. 0.00% Add +0.1% 15,258,821 $147.7M
State Street Corp. 0.00% Reduce -0.1% 5,179,113 $51.4M
Geode Capital Management, LLC 0.00% Reduce -1.4% 3,138,744 $30.4M
Charles Schwab Investment Management Inc. 0.00% Reduce -2.9% 2,259,604 $21.9M
No Street GP LP 1.63% New 2,250,000 $21.8M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% Add +5.2% 1,951,609 $18.9M
Northern Trust Corp. 0.00% Add +2.3% 1,730,217 $16.7M
Morgan Stanley 0.00% Reduce -6.8% 1,709,772 $16.6M
Invesco Ltd. 0.00% Add +50.4% 1,291,072 $12.5M
Bank of New York Mellon Corp 0.00% Reduce -0.6% 1,030,136 $10.0M
Van Eck Associates Corp. 0.01% Add +0.2% 998,774 $9.7M
Citadel Advisors 0.01% Add +19.9% 989,505 $9.6M
Cura Wealth Advisors, LLC 3.85% Add +0.9% 855,300 $8.3M
Hotchkis & Wiley Capital Management LLC 0.02% Reduce -13.1% 677,940 $6.6M
Apollo Management Holdings, L.P. 0.11% No change 665,573 $6.4M
Principal Financial Group Inc. 0.00% Reduce -0.3% 634,818 $6.1M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +174.4% 583,554 $5.6M
Bank of America Corp. 0.00% Add +45.1% 556,447 $5.4M
Nuveen, LLC 0.00% Reduce -32.3% 552,757 $5.4M
Edgestream Partners, L.P. 0.15% New 549,912 $5.3M
Victory Capital Management Inc. 0.00% Add +436.6% 534,129 $5.2M
Advisors Asset Management, Inc. 0.08% Reduce -9.6% 465,037 $4.5M
Marshall Wace, LLP 0.01% Add +1.7% 455,813 $4.4M
Public Sector Pension Investment Board 0.02% Add +7.4% 435,113 $4.2M
Rhumbline Advisers 0.00% Add +1.4% 405,216 $3.9M
Ameriprise Financial Inc. 0.00% Reduce -6.1% 390,451 $3.8M
Barclays PLC 0.00% Add +16.6% 374,299 $3.6M
Legal & General Group Plc 0.00% Add +0.8% 358,307 $3.5M
LPL Financial LLC 0.00% Add +19.8% 339,137 $3.3M
Balyasny Asset Management L.P. 0.01% Reduce -74.6% 331,858 $3.2M
Tudor Investment Corporation 0.02% New 326,775 $3.2M
JPMorgan Chase & Co. 0.00% Reduce -16.1% 325,805 $3.2M
BI Asset Management Fondsmaeglerselskab A/S 0.03% No change 279,761 $2.7M
Goldman Sachs Group Inc. 0.00% Reduce -39.5% 262,404 $2.5M
Two Sigma Investments, LP 0.00% Add +1832.2% 257,227 $2.5M
New Age Alpha Advisors, LLC 0.11% Reduce -7.2% 256,927 $2.5M
Wells Fargo & Company 0.00% Add +36.1% 253,509 $2.5M
Swiss National Bank 0.00% Reduce -0.9% 252,039 $2.4M
UBS Group AG 0.00% Reduce -40.2% 245,586 $2.4M
Prudential Financial Inc. 0.00% Add +79.3% 230,025 $2.2M
Prelude Capital Management, LLC 0.21% Reduce -10.0% 225,000 $2.2M
D. E. Shaw & Co. 0.00% Add +895.6% 216,670 $2.1M
Susquehanna International Group, LLP 0.00% Add +3.5% 209,548 $2.0M
Simplex Trading, LLC 0.05% Reduce -0.5% 195,979 $1.9M
Alliancebernstein L.P. 0.00% Add +12.0% 194,717 $1.9M
LSV Asset Management 0.00% Reduce -2.0% 189,682 $1.8M
New York State Teachers Retirement System 0.00% No change 185,197 $1.8M
Wolverine Asset Management LLC 0.13% No change 178,634 $1.7M
AXS Investments LLC 0.68% Reduce -9.0% 172,425 $1.7M
FJ Capital Management LLC 0.17% New 165,317 $1.6M
Cubist Systematic Strategies, LLC 0.02% Add +338.2% 158,039 $1.5M
Am Investment Strategies LLC 0.34% Add +29.3% 148,248 $1.4M
Lazard Asset Management LLC 0.00% New 141,417 $1.4M
Allianz Asset Management GmbH 0.00% New 140,239 $1.4M
AlphaCore Capital LLC 0.05% Add +14.3% 128,147 $1.2M
Palogic Value Management, L.P. 0.53% Add +0.0% 127,846 $1.2M
Citigroup Inc. 0.00% Reduce -35.5% 124,599 $1.2M
California State Teachers Retirement System 0.00% Reduce -1.2% 122,098 $1.2M
Norges Bank 0.00% Reduce -62.3% 118,355 $1.1M
Merit Financial Group, LLC 0.01% Reduce -1.0% 116,633 $1.1M
Intech Investment Management LLC 0.01% Add +0.3% 108,574 $1.1M
Dark Forest Capital Management LP 0.04% New 108,254 $1.0M
T. Rowe Price Associates Inc. 0.00% Add +14.0% 108,106 $1.0M
CANADA LIFE ASSURANCE Co 0.00% Reduce -2.4% 107,626 $1.0M
Penserra Capital Management LLC 0.01% Reduce -12.5% 106,510 $1.0M
American Financial Group Inc. 0.39% No change 105,154 $1.0M
AQR Capital Management 0.00% Add +397.3% 104,504 $1.0M
Two Sigma Advisers, LP 0.00% Add +131.5% 97,700 $946K
Caption Management, LLC 0.09% Add +77.6% 96,213 $931K
Kestra Advisory Services, LLC 0.00% Add +5.9% 94,742 $917K
Thrivent Financial for Lutherans 0.00% Add +0.2% 94,439 $914K
Deutsche Bank AG 0.00% Reduce -15.9% 89,520 $867K
Ensign Peak Advisors, Inc 0.00% No change 86,715 $839K
MetLife Investment Management, LLC 0.00% Add +6.3% 83,463 $808K
Raymond James Financial Inc. 0.00% Reduce -3.0% 82,724 $801K
Samalin Investment Counsel, LLC 0.30% Add +6.0% 81,068 $785K
First Trust Advisors LP 0.00% Reduce -22.4% 78,870 $763K
QRG Capital Management, Inc. 0.01% Add +15.7% 78,451 $759K
Lido Advisors, LLC 0.00% Reduce -0.5% 75,826 $753K
State of Alaska, Department of Revenue 0.01% Add +7.6% 76,150 $736K
Lighthouse Investment Partners, LLC 0.03% New 75,503 $731K
Bramshill Investments, LLC 0.07% Reduce -0.3% 71,653 $694K
Bank of Montreal 0.00% Reduce -1.1% 70,120 $679K
Wolverine Trading, LLC 0.02% Add +17.5% 68,029 $667K
Manufacturers Life Insurance Company, The 0.00% Reduce -2.1% 66,992 $648K
Illinois Municipal Retirement Fund 0.01% Add +2.6% 66,901 $648K
Osaic Holdings, Inc. 0.00% Add +5.3% 66,084 $640K
Royal Bank of Canada 0.00% Reduce -13.3% 62,051 $600K
Louisiana State Employees Retirement System 0.01% Reduce -0.8% 59,700 $578K
Janus Henderson Group PLC 0.00% No change 59,476 $575K
State Board of Administration of Florida Retirement System 0.00% No change 57,264 $554K
Triumph Capital Management 0.16% Reduce -17.1% 54,774 $530K
State of Tennessee, Department of Treasury 0.00% Reduce -4.0% 54,598 $529K
Cetera Investment Advisers 0.00% Add +0.8% 54,378 $526K
Stifel Financial Corp. 0.00% Add +6.5% 52,830 $511K
Novare Capital Management LLC 0.04% Reduce -12.7% 50,750 $491K
Wealth Enhancement Advisory Services, LLC 0.00% Add +11.5% 48,838 $482K
State of Wisconsin Investment Board 0.00% Add +230.5% 48,660 $471K
PEAK6 LLC 0.02% Add +35.5% 48,610 $471K
Yousif Capital Management, LLC 0.00% Reduce -0.2% 47,346 $458K
Engineers Gate Manager LP 0.01% New 45,880 $444K
Nomura Holdings Inc. 0.00% Reduce -98.4% 45,043 $436K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +72.6% 45,011 $436K
Sei Investments Co. 0.00% Add +0.3% 42,995 $416K
Centiva Capital, LP 0.03% Add +10.1% 42,567 $412K
Handelsbanken Fonder AB 0.00% No change 42,302 $409K
Teachers Retirement System of the State of Kentucky 0.00% No change 41,878 $406K
PFG Investments, LLC 0.02% Reduce -17.7% 41,794 $405K
MAS Advisors LLC 0.66% Add +3.6% 41,516 $402K
State of Wyoming 0.05% Add +56.3% 40,972 $397K
Inspire Investing, LLC 0.04% Add +13.4% 40,686 $394K
Voya Investment Management LLC 0.00% Add +1.3% 40,521 $392K
Guggenheim Capital LLC 0.00% Reduce -3.0% 39,630 $384K
New York State Common Retirement Fund 0.00% No change 39,132 $379K
Arizona State Retirement System 0.00% Add +2.3% 38,501 $373K
Mercer Global Advisors Inc. 0.00% Reduce -10.1% 38,480 $372K
Commonwealth Equity Services, LLC 0.00% Reduce -0.3% 37,496 $363K
Cambridge Investment Research Advisors, Inc. 0.00% Reduce -6.2% 37,345 $362K
Maryland State Retirement & Pension System 0.01% No change 37,283 $361K
Amalgamated Bank 0.00% No change 37,075 $359K
Mariner, LLC 0.00% Add +53.9% 37,044 $359K
Entropy Technologies, LP 0.03% New 37,018 $358K
Millennium Management 0.00% Reduce -60.6% 36,077 $349K
One Wealth Map LLC 0.18% No change 33,233 $322K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Add +7.3% 32,819 $318K
Y-Intercept (Hong Kong) Ltd 0.01% Reduce -65.5% 32,207 $312K
Fox Run Management, L.L.C. 0.05% Reduce -16.4% 31,814 $308K
Police & Firemen's Retirement System of New Jersey 0.00% No change 31,743 $307K
PNC Financial Services Group, Inc. 0.00% Add +1.1% 31,101 $301K
SG Americas Securities, LLC 0.00% Add +10.5% 31,018 $300K
ProShare Advisors LLC 0.00% Reduce -4.5% 30,976 $300K
Oregon Public Employees Retirement Fund 0.01% No change 29,315 $284K
STRS Ohio 0.00% No change 26,700 $258K
Private Advisor Group, LLC 0.00% Reduce -0.6% 26,291 $254K
AlphaQuest LLC 0.02% Add +124.8% 25,505 $247K
KLP Kapitalforvaltning As 0.00% No change 24,900 $246K
Jane Street Group, LLC 0.00% Reduce -94.9% 24,541 $238K
Nisa Investment Advisors, LLC 0.00% Reduce -55.1% 23,538 $235K
Public Employees Retirement Association of Colorado 0.00% No change 23,479 $227K
FMR LLC 0.00% Add +37.4% 20,603 $199K
Teacher Retirement System of Texas 0.00% Add +4.4% 20,032 $194K
Ieq Capital, LLC 0.00% New 19,878 $192K
Envestnet Asset Management Inc. 0.00% Add +8.9% 19,328 $187K
Quantinno Capital Management LP 0.00% Add +54.4% 18,938 $183K
Jump Financial, LLC 0.00% New 18,931 $183K
HighTower Advisors, LLC 0.00% Add +30.4% 17,767 $172K
PharVision Advisers, LLC 0.24% New 17,519 $170K
HSBC Holdings PLC 0.00% Reduce -11.4% 17,400 $167K
Cibc World Markets Corp. 0.00% Reduce -44.0% 17,219 $167K
Creative Planning 0.00% Add +14.5% 17,093 $165K
Chiron Capital Management, LLC 0.14% No change 16,920 $164K
Mutual of America Capital Management LLC 0.00% Reduce -11.7% 16,421 $159K
Cypress Capital Management LLC (WY) 0.17% No change 16,333 $158K
Motiv8 Investments LLC 0.10% Add +0.2% 16,188 $157K
Diversify Wealth Management, LLC 0.01% No change 15,001 $151K
Avantax Advisory Services, Inc. 0.00% Add +0.3% 15,052 $146K
WINTON GROUP Ltd 0.01% New 14,836 $144K
BNP Paribas Financial Markets 0.00% Add +1.8% 14,448 $140K
Tower Research Capital LLC (TRC) 0.00% Add +310.3% 14,411 $139K
Ameritas Investment Partners, Inc. 0.00% No change 14,116 $137K
Independent Financial Group, LLC 0.00% Reduce -50.1% 13,850 $134K
Pictet Asset Management Holding SA 0.00% No change 13,835 $134K
CIBC Asset Management Inc 0.00% No change 12,660 $123K
Crossmark Global Holdings, Inc. 0.00% Reduce -0.5% 12,370 $120K
Global Retirement Partners, LLC 0.00% — 12,237 $118K
HighPoint Advisor Group LLC 0.01% Add +0.7% 12,081 $117K
Neuberger Berman Group LLC 0.00% Reduce -2.8% 11,732 $114K
Legacy Financial Strategies, LLC 0.02% No change 11,700 $113K
Atom Investors LP 0.01% New 11,573 $112K
Evoke Wealth, LLC 0.00% Add +9.8% 11,233 $112K
Accuvest Global Advisors 0.07% Add +0.0% 11,215 $109K
Beacon Pointe Advisors, LLC 0.00% New 11,000 $106K
Bartlett & Co. Wealth Management LLC 0.00% Reduce -22.0% 10,625 $105K
Anfield Capital Management, LLC 0.03% No change 10,862 $105K
Xponance LLC 0.00% Add +3.9% 10,781 $104K
Keybank National Association 0.00% New 10,669 $103K
Koshinski Asset Management, Inc. 0.01% Add +2.2% 10,430 $101K
Advisory Services Network, LLC 0.00% Add +1.9% 10,373 $100K
Aigen Investment Management, LP 0.01% New 10,001 $97K
Mitsubishi UFJ Trust & Banking Corp 0.00% New 9,773 $95K
Shell Asset Management Co. 0.00% Reduce -9.1% 8,520 $82K
Quarry LP 0.02% Add +1505.2% 7,127 $69K
EverSource Wealth Advisors, LLC 0.00% Add +8.8% 7,038 $68K
Resources Management Corp. /CT/ 0.01% Reduce -27.2% 6,700 $65K
Cwm, LLC 0.00% Add +66.4% 6,419 $62K
Smartleaf Asset Management LLC 0.01% Reduce -2.8% 5,746 $56K
EMC Capital Management 0.03% Reduce -58.7% 5,813 $56K
Harbour Investments, Inc. 0.00% No change 5,100 $49K
Hollencrest Capital Management 0.00% Reduce -9.1% 5,000 $48K
Danske Bank A/S 0.00% Add +172.2% 4,900 $47K
NewEdge Advisors, LLC 0.00% Reduce -0.3% 4,631 $45K
Principal Securities, Inc. 0.00% Add +68.5% 4,506 $44K
Public Employees Retirement System of Ohio 0.00% Reduce -1.3% 4,216 $41K
KBC Group NV 0.00% Reduce -41.4% 4,107 $40K
Signaturefd, LLC 0.00% Add +55.6% 4,059 $39K
Parallel Advisors, LLC 0.00% Add +0.0% 3,039 $29K
Versant Capital Management, Inc 0.00% Reduce -29.4% 2,418 $23K
Arlington Trust Co LLC 0.00% No change 2,300 $22K
Nomura Asset Management Co. Ltd. 0.00% No change 2,100 $20K
Sterling Capital Management LLC 0.00% Reduce -13.2% 2,075 $20K
City Holding Co. 0.00% No change 2,000 $19K
Community Bank, N.A. 0.00% No change 2,000 $19K
US Bancorp \de 0.00% Add +6.3% 1,877 $18K
GAMMA Investing LLC 0.00% Add +57.4% 1,610 $16K
Group One Trading LLC 0.00% Reduce -70.7% 1,434 $14K
Fourth Dimension Wealth, LLC 0.01% No change 1,400 $14K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% New 1,328 $13K
Tradewinds Capital Management, LLC 0.00% Add +3.0% 1,093 $11K
Future Financial Wealth Managment LLC 0.01% No change 1,000 $10K
Steward Partners Investment Advisory, LLC 0.00% No change 1,000 $10K
Trust Co. of Vermont 0.00% New 925 $9K
Byrne Asset Management LLC 0.01% No change 850 $8K
Brooklyn Investment Group 0.00% Add +75.7% 824 $8K
Allworth Financial LP 0.00% Add +457.6% 803 $8K
Huntington National Bank 0.00% No change 710 $7K
Heritage Wealth Advisors 0.00% No change 700 $7K
Larson Financial Group LLC 0.00% Add +1520.0% 648 $6K
UMB Bank, n.a. 0.00% Add +60.7% 633 $6K
Federation des caisses Desjardins du Quebec 0.00% No change 600 $6K
Harbor Capital Advisors, Inc. 0.00% Add +1.5% 481 $5K
Hantz Financial Services, Inc. 0.00% Add +182.6% 486 $5K
Bessemer Group Inc. 0.00% No change 528 $5K
Optimum Investment Advisors 0.00% No change 500 $5K
Thompson Investment Management, Inc. 0.00% New 500 $5K
Russell Investments Group, Ltd. 0.00% Reduce -27.3% 455 $4K
Bokf, NA 0.00% No change 395 $4K
Assetmark, Inc. 0.00% New 383 $4K
Rothschild Investment LLC 0.00% Add +19.0% 345 $3K
Optiver Holding B.V. 0.00% Add +0.9% 328 $3K
Lanark Financial, Inc. 0.00% Add +3.0% 382 $3K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 298 $3K
IFP Advisors, Inc 0.00% New 294 $3K
Twin Peaks Wealth Advisors, LLC 0.00% New 279 $3K
Geneos Wealth Management Inc. 0.00% No change 282 $3K
Farther Finance Advisors, LLC 0.00% Reduce -58.7% 274 $3K
West Branch Capital LLC 0.00% No change 265 $3K
Bell Investment Advisors, Inc 0.00% No change 259 $3K
MassMutual Private Wealth & Trust, FSB 0.00% Reduce -63.4% 242 $2K
Fifth Third Bancorp 0.00% Reduce -47.9% 206 $2K
Parkside Financial Bank & Trust 0.00% Add +44.6% 162 $2K
Clearstead Trust, LLC 0.00% New 119 $1K
Farmers & Merchants Investments Inc. 0.00% No change 97 $939
First Horizon Advisors, Inc. 0.00% No change 83 $803
Blue Trust, Inc. 0.00% No change 62 $600
Leonteq Securities AG 0.00% No change 58 $561
MAI Capital Management 0.00% New 50 $484
ORG Partners LLC 0.00% No change 47 $468
Essential Partners LLC 0.00% — 38 $368
Jones Financial Companies LLLP 0.00% New 37 $363
Annis Gardner Whiting Capital Advisors, LLC 0.00% New 19 $184
Capital Advisors, Ltd. LLC 0.00% Reduce -72.0% 35 $0
Covestor Ltd 0.00% Reduce -87.9% 11 $0

"% of holder's portfolio" is ARI's weight in each manager's 13F, not the share of Apollo Commercial Real Estat the manager owns.