Apollo Commercial Real EstatARI
13F holders, Q2 2026 (June 30)285holders +14
63new positions
47sold out
5famous investors
$10.68avg. 13F price*
At the end of Q2 2026, 285 institutions reported holding Apollo Commercial Real Estat (ARI) in their 13F filings, up 14 from Q1 2026. 63 opened new positions and 47 sold out. The largest holders were BlackRock, Inc. ($127.4M), Vanguard Portfolio Management LLC ($65.0M) and Vanguard Capital Management LLC ($64.4M). 5 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Apollo Commercial Real Estat
- CUSIP
- 03762U105
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2026 → Q2 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 63 | $81.1M |
| Exits | 47 | $36.4M |
All 13F filers, Q1 2026 → Q2 2026: 19,060,805 shares bought and 23,725,724 shares sold, net −4,664,919 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 285 holders
| BlackRock, Inc. | 0.00% | Reduce -43.7% | 11,929,835 | $127.4M |
| Vanguard Portfolio Management LLC | 0.00% | Reduce -23.3% | 6,088,701 | $65.0M |
| Vanguard Capital Management LLC | 0.00% | Reduce -5.9% | 6,025,495 | $64.4M |
| Millennium Management | 0.03% | Add +254.8% | 4,563,909 | $48.7M |
| Geode Capital Management, LLC | 0.00% | Add +1.8% | 3,383,089 | $36.1M |
| State Street Corp. | 0.00% | Reduce -36.7% | 3,331,999 | $35.6M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.04% | Add +3.3% | 2,834,255 | $30.3M |
| No Street GP LP | 1.57% | Reduce -27.1% | 2,440,900 | $26.1M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -5.7% | 2,035,950 | $21.7M |
| Schonfeld Strategic Advisors LLC | 0.11% | New | 1,917,086 | $20.5M |
| Jane Street Group, LLC | 0.01% | Add +1087.6% | 1,819,330 | $19.4M |
| Northern Trust Corp. | 0.00% | Reduce -2.3% | 1,657,726 | $17.7M |
| Qube Research & Technologies Ltd | 0.02% | New | 1,644,857 | $17.6M |
| Susquehanna International Group, LLP | 0.02% | Add +378.6% | 1,614,946 | $17.2M |
| Morgan Stanley | 0.00% | Reduce -12.0% | 1,566,768 | $16.7M |
| Nuveen, LLC | 0.00% | Add +264.8% | 1,221,853 | $13.0M |
| Goldman Sachs Group Inc. | 0.00% | Add +145.7% | 1,122,279 | $12.0M |
| Van Eck Associates Corp. | 0.01% | Reduce -12.2% | 1,086,119 | $11.6M |
| Alpine Global Management, LLC | 1.58% | Add +437.6% | 901,968 | $9.6M |
| Empyrean Capital Partners, LP | 0.36% | No change | 883,751 | $9.4M |
| Greenland Capital Management LP | 1.98% | New | 865,000 | $9.2M |
| Vanguard Fiduciary Trust Co. | 0.00% | Reduce -6.2% | 834,783 | $8.9M |
| Citadel Advisors | 0.01% | Add +663.9% | 822,385 | $8.8M |
| First Trust Advisors LP | 0.00% | Add +0.2% | 783,805 | $8.4M |
| Apollo Management Holdings, L.P. | 0.12% | No change | 665,573 | $7.1M |
| Hotchkis & Wiley Capital Management LLC | 0.02% | Add +5.0% | 644,232 | $6.9M |
| NewGen Asset Management Ltd | 3.74% | Add +108.5% | 637,325 | $6.8M |
| Bank of New York Mellon Corp | 0.00% | Reduce -31.9% | 633,602 | $6.8M |
| Azora Capital LP | 0.28% | Reduce -11.1% | 629,909 | $6.7M |
| Brevan Howard Capital Management LP | 0.10% | Add +101.4% | 614,316 | $6.6M |
| Squarepoint Ops LLC | 0.01% | New | 550,556 | $5.9M |
| Wells Fargo & Company | 0.00% | Add +123.1% | 489,217 | $5.2M |
| UBS Group AG | 0.00% | Reduce -38.3% | 466,467 | $5.0M |
| Arrowstreet Capital, Limited Partnership | 0.00% | New | 428,486 | $4.6M |
| JPMorgan Chase & Co. | 0.00% | Reduce -34.4% | 427,430 | $4.6M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +20.1% | 411,379 | $4.4M |
| Shay Capital LLC | 0.47% | New | 396,277 | $4.2M |
| Edgestream Partners, L.P. | 0.13% | Reduce -21.4% | 394,035 | $4.2M |
| Allianz Asset Management GmbH | 0.00% | Add +13.1% | 388,581 | $4.2M |
| Two Sigma Investments, LP | 0.00% | Add +92.2% | 382,924 | $4.1M |
| XTX Topco Ltd | 0.05% | Reduce -1.5% | 356,306 | $3.8M |
| AQR Capital Management | 0.00% | Add +9.5% | 352,161 | $3.8M |
| Bank of America Corp. | 0.00% | Reduce -10.5% | 342,116 | $3.7M |
| Invesco Ltd. | 0.00% | Reduce -85.5% | 314,064 | $3.4M |
| LPL Financial LLC | 0.00% | Reduce -11.8% | 287,236 | $3.1M |
| Carmel Capital Partners, LLC | 0.98% | Reduce -17.2% | 278,434 | $3.0M |
| Cura Wealth Advisors, LLC | 1.26% | Reduce -36.9% | 275,833 | $2.9M |
| Swiss National Bank | 0.00% | Reduce -0.6% | 258,739 | $2.8M |
| Prelude Capital Management, LLC | 0.18% | Add +16.6% | 233,100 | $2.5M |
| Tudor Investment Corporation | 0.01% | New | 212,399 | $2.3M |
| Advisors Asset Management, Inc. | 0.03% | Add +60.8% | 202,204 | $2.2M |
| One William Street Capital Management, L.P. | 5.05% | No change | 200,000 | $2.1M |
| Y-Intercept (Hong Kong) Ltd | 0.04% | New | 198,784 | $2.1M |
| FMR LLC | 0.00% | Add +980.6% | 195,543 | $2.1M |
| Nomura Holdings Inc. | 0.01% | Reduce -48.2% | 190,617 | $2.0M |
| PEAK6 LLC | 0.05% | Reduce -20.6% | 184,621 | $2.0M |
| T. Rowe Price Associates Inc. | 0.00% | Add +23.5% | 182,959 | $2.0M |
| Rhumbline Advisers | 0.00% | Reduce -53.9% | 179,814 | $1.9M |
| Wolverine Asset Management LLC | 0.10% | No change | 178,634 | $1.9M |
| New Age Alpha Advisors, LLC | 0.08% | Reduce -23.4% | 176,341 | $1.9M |
| Truvestments Capital LLC | 0.26% | Add +8.9% | 166,678 | $1.8M |
| Hennion & Walsh Asset Management, Inc. | 0.05% | Reduce -1.0% | 151,907 | $1.6M |
| ExodusPoint Capital Management, LP | 0.01% | New | 151,890 | $1.6M |
| Alliancebernstein L.P. | 0.00% | Reduce -23.9% | 148,217 | $1.6M |
| California State Teachers Retirement System | 0.00% | Add +2.3% | 142,938 | $1.5M |
| Deutsche Bank AG | 0.00% | Add +15.7% | 140,440 | $1.5M |
| VANGUARD ASSET MANAGEMENT, Ltd | 0.00% | Add +22.3% | 137,017 | $1.5M |
| Jennison Associates LLC | 0.00% | New | 133,407 | $1.4M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +3.5% | 132,917 | $1.4M |
| Family Manage LLC | 0.14% | Reduce -19.5% | 128,228 | $1.4M |
| Novare Capital Management LLC | 0.10% | Add +10.9% | 126,575 | $1.4M |
| Legal & General Group Plc | 0.00% | Reduce -60.5% | 126,142 | $1.3M |
| Raymond James Financial Inc. | 0.00% | Add +21.6% | 122,391 | $1.3M |
| Merit Financial Group, LLC | 0.01% | Reduce -5.9% | 121,363 | $1.3M |
| AlphaCore Capital LLC | 0.02% | Reduce -5.3% | 114,054 | $1.2M |
| Penserra Capital Management LLC | 0.01% | Reduce -5.0% | 112,464 | $1.2M |
| Ameriprise Financial Inc. | 0.00% | Reduce -64.9% | 107,851 | $1.2M |
| American Financial Group Inc. | 0.40% | No change | 105,154 | $1.1M |
| Tower Research Capital LLC (TRC) | 0.03% | Add +914.2% | 104,073 | $1.1M |
| Verition Fund Management LLC | 0.01% | New | 100,000 | $1.1M |
| Osaic Holdings, Inc. | 0.00% | Add +4.8% | 96,361 | $1.0M |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -0.8% | 96,309 | $1.0M |
| Atom Investors LP | 0.09% | New | 91,444 | $977K |
| Kestra Advisory Services, LLC | 0.00% | Add +4.4% | 89,759 | $959K |
| Simplex Trading, LLC | 0.02% | Reduce -26.9% | 87,461 | $934K |
| Victory Capital Management Inc. | 0.00% | Reduce -18.2% | 81,068 | $866K |
| MetLife Investment Management, LLC | 0.00% | Add +8.0% | 78,966 | $843K |
| Group One Trading LLC | 0.02% | Add +81.0% | 77,302 | $826K |
| Lido Advisors, LLC | 0.00% | Reduce -0.0% | 75,720 | $809K |
| QRG Capital Management, Inc. | 0.01% | Add +16.4% | 74,543 | $796K |
| Point72 Asset Management | 0.00% | New | 70,461 | $753K |
| Citigroup Inc. | 0.00% | Add +235.4% | 68,169 | $728K |
| Royal Bank of Canada | 0.00% | Add +69.0% | 67,877 | $726K |
| Sanctuary Advisors, LLC | 0.00% | New | 66,688 | $712K |
| Bank of Montreal | 0.00% | Reduce -8.8% | 65,631 | $701K |
| Handelsbanken Fonder AB | 0.00% | No change | 65,302 | $697K |
| Inspire Investing, LLC | 0.03% | Add +30.2% | 63,579 | $679K |
| Stifel Financial Corp. | 0.00% | Reduce -1.1% | 62,742 | $670K |
| Russell Investments Group, Ltd. | 0.00% | Add +260.1% | 62,653 | $669K |
| Parallax Volatility Advisers, L.P. | 0.03% | Add +168.6% | 61,694 | $659K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 60,180 | $643K |
| Jupiter Topco LLC | 0.00% | — | 59,476 | $636K |
| Samalin Investment Counsel, LLC | 0.20% | Reduce -20.5% | 57,436 | $613K |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 57,264 | $612K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -2.5% | 55,425 | $592K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -6.0% | 54,700 | $584K |
| BTG Pactual Asset Management US LLC | 0.04% | New | 53,389 | $570K |
| Quantinno Capital Management LP | 0.00% | Add +27.5% | 52,707 | $563K |
| Triumph Capital Management | 0.10% | Reduce -2.3% | 51,953 | $555K |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -3.5% | 50,733 | $542K |
| PFG Investments, LLC | 0.02% | Reduce -29.4% | 50,709 | $542K |
| New York State Common Retirement Fund | 0.00% | Add +28.1% | 50,132 | $535K |
| BI Asset Management Fondsmaeglerselskab A/S | 0.00% | Reduce -81.2% | 49,692 | $531K |
| Vanguard Global Advisers, LLC | 0.00% | Reduce -7.1% | 47,921 | $512K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -26.4% | 41,589 | $444K |
| Fifth Third Wealth Advisors LLC | 0.01% | New | 40,523 | $433K |
| Two Sigma Securities, LLC | 0.04% | New | 39,646 | $423K |
| Park Capital Management, LLC / WI | 0.25% | New | 39,544 | $422K |
| Cetera Investment Advisers | 0.00% | Reduce -16.9% | 38,986 | $416K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | No change | 38,669 | $413K |
| Sei Investments Co. | 0.00% | Reduce -29.6% | 38,155 | $407K |
| Vanguard Investments Australia, Ltd. | 0.00% | No change | 38,094 | $407K |
| Anchyra Partners LLC | 0.10% | New | 37,210 | $397K |
| HUB Investment Partners, LLC | 0.01% | New | 36,909 | $394K |
| KLP Kapitalforvaltning As | 0.00% | No change | 28,000 | $388K |
| Jain Global LLC | 0.00% | New | 35,822 | $383K |
| Arizona State Retirement System | 0.00% | Reduce -2.3% | 35,417 | $378K |
| Beacon Pointe Advisors, LLC | 0.00% | Reduce -0.3% | 32,588 | $348K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -7.4% | 32,141 | $343K |
| Private Advisor Group, LLC | 0.00% | Reduce -4.5% | 30,359 | $324K |
| Mariner, LLC | 0.00% | Reduce -33.6% | 30,178 | $322K |
| Intech Investment Management LLC | 0.00% | Reduce -33.3% | 29,178 | $312K |
| Walleye Capital LLC | 0.00% | New | 29,127 | $311K |
| Voya Investment Management LLC | 0.00% | Add +6.8% | 27,517 | $294K |
| STRS Ohio | 0.00% | Add +9.5% | 26,600 | $284K |
| Caxton Associates LLP | 0.01% | No change | 25,773 | $275K |
| Cannon Global Investment Management, LLC | 0.83% | New | 25,700 | $274K |
| Barclays PLC | 0.00% | Reduce -6.1% | 24,791 | $265K |
| PNC Financial Services Group, Inc. | 0.00% | Add +9.1% | 24,439 | $261K |
| Symmetry Partners, LLC | 0.01% | New | 24,360 | $260K |
| Commonwealth Financial Services, LLC | 0.03% | New | 23,662 | $253K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 23,479 | $251K |
| HighTower Advisors, LLC | 0.00% | Reduce -36.7% | 23,384 | $250K |
| Farther Finance Advisors, LLC | 0.00% | Add +19.8% | 23,212 | $247K |
| Prudential Financial Inc. | 0.00% | Reduce -83.1% | 23,130 | $247K |
| BNP Paribas Financial Markets | 0.00% | Reduce -26.9% | 22,595 | $241K |
| Global Retirement Partners, LLC | 0.00% | — | 20,005 | $214K |
| Waverly Advisors, LLC | 0.00% | New | 19,916 | $213K |
| Arkadios Wealth Advisors | 0.00% | New | 18,846 | $201K |
| Modern Wealth Management, LLC | 0.00% | New | 18,221 | $195K |
| Corient Private Wealth LP | 0.00% | New | 18,048 | $193K |
| ProShare Advisors LLC | 0.00% | Reduce -18.0% | 17,755 | $190K |
| Pictet Asset Management Holding SA | 0.00% | Reduce -6.5% | 17,678 | $189K |
| Graham Capital Management, L.P. | 0.01% | New | 17,306 | $185K |
| State of Wisconsin Investment Board | 0.00% | Add +32.9% | 17,192 | $184K |
| One Wealth Map LLC | 0.08% | Reduce -14.3% | 27,319 | $180K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -25.4% | 16,528 | $177K |
| Quotient Wealth Partners, LLC | 0.00% | New | 16,089 | $172K |
| United Capital Financial Advisors, LLC | 0.00% | New | 15,992 | $171K |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -86.0% | 15,882 | $170K |
| Able Wealth Management LLC | 0.04% | New | 15,719 | $168K |
| Truist Financial Corp. | 0.00% | New | 15,630 | $167K |
| Global Assets Advisory, LLC | 0.04% | Reduce -2.7% | 15,692 | $167K |
| Creative Planning | 0.00% | Reduce -10.7% | 15,335 | $164K |
| MML Investors Services, LLC | 0.00% | Add +51.3% | 15,184 | $162K |
| Virtu Financial LLC | 0.01% | New | 15,115 | $161K |
| Black Maple Capital Management LP | 0.11% | New | 15,000 | $160K |
| Envestnet Asset Management Inc. | 0.00% | Reduce -12.9% | 14,878 | $159K |
| VestGen Advisors, LLC | 0.00% | New | 14,738 | $157K |
| Boothbay Fund Management, LLC | 0.00% | Reduce -61.4% | 14,320 | $153K |
| Neuberger Berman Group LLC | 0.00% | Add +31.0% | 13,970 | $149K |
| SG Americas Securities, LLC | 0.00% | Reduce -69.8% | 13,704 | $146K |
| Amundi | 0.00% | New | 13,499 | $144K |
| EP Wealth Advisors, LLC | 0.00% | New | 13,492 | $144K |
| Empirical Asset Management, LLC | 0.03% | New | 13,397 | $143K |
| Xponance LLC | 0.00% | Add +1.8% | 13,015 | $139K |
| Daymark Wealth Partners, LLC | 0.00% | New | 12,754 | $136K |
| Cyndeo Wealth Partners, LLC | 0.01% | New | 12,697 | $136K |
| Parallel Advisors, LLC | 0.00% | Add +171.9% | 12,661 | $135K |
| Crossmark Global Holdings, Inc. | 0.00% | No change | 12,370 | $132K |
| State of Wyoming | 0.01% | Reduce -73.4% | 12,346 | $132K |
| Abel Hall, LLC | 0.02% | Add +0.8% | 12,084 | $129K |
| Franklin Resources Inc. | 0.00% | Add +2.0% | 11,829 | $126K |
| Pathstone Holdings, LLC | 0.00% | Reduce -6.0% | 11,723 | $125K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 11,675 | $125K |
| Choreo, LLC | 0.00% | New | 11,479 | $123K |
| SteelPeak Wealth, LLC | 0.00% | New | 11,341 | $121K |
| Accuvest Global Advisors | 0.10% | Reduce -0.2% | 11,201 | $120K |
| Ethic Inc. | 0.00% | New | 11,206 | $120K |
| Longboard Asset Management, LP | 2.00% | Add +5.9% | 11,153 | $119K |
| GTS Securities LLC | 0.00% | New | 10,930 | $117K |
| Cerity Partners LLC | 0.00% | Reduce -65.6% | 10,676 | $114K |
| Readystate Asset Management LP | 0.01% | Reduce -97.6% | 10,645 | $114K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 10,625 | $113K |
| Independent Financial Group, LLC | 0.00% | Reduce -9.9% | 10,500 | $112K |
| Legacy Financial Strategies, LLC | 0.02% | No change | 10,200 | $109K |
| Koshinski Asset Management, Inc. | 0.01% | New | 10,148 | $108K |
| Park Avenue Securities LLC | 0.00% | New | 10,046 | $107K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 10,004 | $107K |
| Deltec Asset Management LLC | 0.02% | New | 10,000 | $107K |
| Diversify Advisory Services, LLC | 0.00% | New | 15,234 | $102K |
| Diversify Wealth Management, LLC | 0.00% | No change | 15,234 | $102K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +16.2% | 9,323 | $100K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -76.3% | 6,620 | $93K |
| Wealth Enhancement Trust Services, Inc. | 0.01% | No change | 7,660 | $82K |
| KBC Group NV | 0.00% | Reduce -42.6% | 7,119 | $76K |
| Hantz Financial Services, Inc. | 0.00% | Add +589.7% | 6,704 | $72K |
| Fulcrum Asset Management LLP | 0.01% | New | 6,302 | $66K |
| Ensign Peak Advisors, Inc | 0.00% | No change | 6,015 | $64K |
| Pinnacle Wealth Planning Services, Inc. | 0.01% | Add +1.6% | 5,841 | $62K |
| GAMMA Investing LLC | 0.00% | Add +41.7% | 5,395 | $58K |
| Quarry LP | 0.01% | New | 5,370 | $57K |
| Markowski Investments | 0.01% | — | 5,161 | $55K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +364.1% | 4,641 | $50K |
| NewEdge Advisors, LLC | 0.00% | No change | 4,572 | $49K |
| Signaturefd, LLC | 0.00% | Reduce -2.4% | 4,546 | $49K |
| Public Employees Retirement System of Ohio | 0.00% | Add +4.7% | 4,376 | $47K |
| Eurizon Capital SGR S.p.A. | 0.00% | New | 3,936 | $41K |
| Smartleaf Asset Management LLC | 0.00% | No change | 3,725 | $39K |
| Bessemer Group Inc. | 0.00% | Add +0.7% | 3,279 | $36K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +35.8% | 2,744 | $29K |
| Sterling Capital Management LLC | 0.00% | Reduce -2.5% | 2,733 | $29K |
| Arax Advisory Partners | 0.00% | Add +8121.9% | 2,631 | $28K |
| US Bancorp \de | 0.00% | Add +23.9% | 2,548 | $27K |
| Versant Capital Management, Inc | 0.00% | No change | 2,418 | $26K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 2,100 | $22K |
| Allworth Financial LP | 0.00% | Add +3.7% | 1,942 | $21K |
| Basecamp Wealth Advisors LLC | 0.00% | No change | 1,692 | $18K |
| Salomon & Ludwin, LLC | 0.00% | No change | 1,679 | $18K |
| Optiver Holding B.V. | 0.00% | Reduce -89.4% | 1,411 | $15K |
| Fourth Dimension Wealth, LLC | 0.00% | No change | 1,400 | $15K |
| Huntington National Bank | 0.00% | Add +75.2% | 1,244 | $13K |
| Cypress Capital Management LLC (WY) | 0.01% | No change | 1,233 | $13K |
| Tradewinds Capital Management, LLC | 0.00% | Add +2.3% | 1,202 | $13K |
| Harbour Investments, Inc. | 0.00% | No change | 1,018 | $11K |
| UMB Bank, n.a. | 0.00% | Add +6.3% | 1,008 | $11K |
| Centennial Bank | 0.00% | New | 1,000 | $11K |
| Byrne Asset Management LLC | 0.01% | No change | 850 | $9K |
| Los Angeles Capital Management LLC | 0.00% | No change | 709 | $8K |
| Heritage Wealth Advisors | 0.00% | No change | 700 | $7K |
| Bellevue Asset Management, LLC | 0.00% | New | 604 | $6K |
| Jones Financial Companies LLLP | 0.00% | Add +244.2% | 592 | $6K |
| Fifth Third Bancorp | 0.00% | Add +8.5% | 588 | $6K |
| Essential Partners LLC | 0.00% | Add +22.1% | 575 | $6K |
| Harbor Capital Advisors, Inc. | 0.00% | No change | 564 | $6K |
| Thompson Investment Management, Inc. | 0.00% | No change | 500 | $5K |
| IFP Advisors, Inc | 0.00% | Reduce -0.8% | 467 | $5K |
| C M Bidwell & Associates Ltd. | 0.00% | No change | 459 | $5K |
| SJS Investment Consulting Inc. | 0.00% | Add +1322.6% | 441 | $5K |
| Lanark Financial, Inc. | 0.00% | Add +2.4% | 421 | $4K |
| Assetmark, Inc. | 0.00% | No change | 411 | $4K |
| Continuum Advisory, LLC | 0.00% | New | 400 | $4K |
| Bokf, NA | 0.00% | No change | 395 | $4K |
| FNY Investment Advisers, LLC | 0.00% | New | 400 | $4K |
| Rothschild Investment LLC | 0.00% | Add +21.4% | 341 | $4K |
| Bare Financial Services, Inc | 0.00% | Add +697.5% | 319 | $3K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 298 | $3K |
| Synergy Investment Management, LLC | 0.00% | No change | 244 | $3K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 242 | $3K |
| Bell Investment Advisors, Inc | 0.00% | No change | 232 | $2K |
| Larson Financial Group LLC | 0.00% | Add +27.8% | 216 | $2K |
| Danske Bank A/S | 0.00% | No change | 200 | $2K |
| Geneos Wealth Management Inc. | 0.00% | No change | 200 | $2K |
| JFS Wealth Advisors, LLC | 0.00% | New | 168 | $2K |
| Parkside Financial Bank & Trust | 0.00% | No change | 162 | $2K |
| Ares Financial Consulting, LLC | 0.00% | No change | 112 | $1K |
| Keating Financial Advisory Services, Inc. | 0.00% | Reduce -4.8% | 98 | $1K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 97 | $1K |
| Covestor Ltd | 0.00% | Add +518.2% | 68 | $1K |
| Capital Advisors, Ltd. LLC | 0.00% | Add +240.0% | 119 | $1K |
| First Horizon Corp. | 0.00% | No change | 83 | $886 |
| Blue Trust, Inc. | 0.00% | No change | 62 | $662 |
| Leonteq Securities AG | 0.00% | No change | 58 | $619 |
| Clearstead Advisors, LLC | 0.00% | New | 56 | $599 |
| True Wealth Design, LLC | 0.00% | No change | 47 | $502 |
| Financial Consulate, Inc. | 0.00% | No change | 46 | $492 |
| Crewe Advisors LLC | 0.00% | No change | 43 | $460 |
| Ankerstar Wealth, LLC | 0.00% | No change | 38 | $406 |
| Plante Moran Financial Advisors, LLC | 0.00% | New | 31 | $331 |
| Gilpin Wealth Management, LLC | 0.00% | No change | 23 | $246 |
| Silicon Valley Capital Partners | 0.00% | No change | 7 | $76 |
| Davis Capital Management | 0.00% | New | 7 | $75 |
| Dunhill Financial, LLC | 0.00% | No change | 2 | $31 |
| Hughes Financial Services, LLC | 0.00% | No change | 2 | $21 |
| Evolution Advisers, Inc. | 0.00% | New | 3 | $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.