Martingale Asset Management’s Apollo Commercial Real Estate ARI Stock Holding History

Martingale Asset Management’s Portfolio ARI Stock Details ARI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-53,314	Closed	-$966K	–	935
2017 Q3	$966K	Sell	53,314 -900	-2%	-$16.3K	0.01%	740
2017 Q2	$1.01M	Buy	54,214 +2,602	+5%	+$48.7K	0.01%	715
2017 Q1	$971K	Hold	51,612	–	–	0.01%	726
2016 Q4	$858K	Buy	51,612 +16,600	+47%	+$279K	0.01%	742
2016 Q3	$574K	Sell	35,012 -8,409	-19%	-$138K	0.01%	790
2016 Q2	$698K	Sell	43,421 -1,700	-4%	-$27.3K	0.01%	603
2016 Q1	$736K	Buy	45,121 +801	+2%	+$12.9K	0.01%	577
2015 Q4	$764K	Buy	44,320 +7,002	+19%	+$119K	0.02%	571
2015 Q3	$587K	Hold	37,318	–	–	0.01%	618
2015 Q2	$614K	Hold	37,318	–	–	0.01%	654
2015 Q1	$642K	Hold	37,318	–	–	0.02%	652
2014 Q4	$611K	Buy	37,318 +3	+0%	+$49	0.02%	653
2014 Q3	$587K	Hold	37,315	–	–	0.02%	634
2014 Q2	$616K	Buy	37,315 +400	+1%	+$6.68K	0.02%	639
2014 Q1	$614K	Buy	36,915 +22,604	+158%	+$376K	0.02%	645
2013 Q4	$233K	Hold	14,311	–	–	0.01%	934
2013 Q3	$219K	Hold	14,311	–	–	0.01%	941
2013 Q2	$228K	Buy	+14,311	New	+$246K	0.01%	911

Other funds holding ARI

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fuller & Thaler Asset Management San Mateo, California $29.7B AUM 43.33% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AMH

Apollo Management Holdings New York $7.6B AUM 23.97% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

LSV Asset Management Chicago, Illinois $46.4B AUM 27.74% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Martingale Asset Management's ARI Position: Q4 2017 in Review

Martingale Asset Management sold out of Apollo Commercial Real Estate (ARI) in Q4 2017, closing a stake of 53,314 shares — an estimated $966K sold.

Martingale Asset Management first reported a position in ARI in Q2 2013 and held it in 18 quarters. The position peaked at $1.01M in Q2 2017. 223 funds tracked by Wall St. Rank hold ARI as of Q4 2017.

Martingale Asset Management reported no remaining Apollo Commercial Real Estate position as of Q4 2017 after selling out during the quarter.
Martingale Asset Management sold 53,314 Apollo Commercial Real Estate shares in Q4 2017, an estimated $966K.
Martingale Asset Management first reported a position in Apollo Commercial Real Estate in Q2 2013 and held it in 18 quarters.
Martingale Asset Management's Apollo Commercial Real Estate position peaked at $1.01M in Q2 2017.
223 funds tracked by Wall St. Rank held Apollo Commercial Real Estate as of Q4 2017.

Based on Martingale Asset Management's 13F filing for Q4 2017, filed 12 Feb 2018.