Maryland State Retirement & Pension System’s Apollo Commercial Real Estate ARI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$200K	Hold	18,952	–	–	﹤0.01%	1300
2025 Q4	$183K	Buy	18,952 +327	+2%	+$3.27K	﹤0.01%	1330
2025 Q3	$189K	Sell	18,625 -18,658	-50%	-$190K	﹤0.01%	1318
2025 Q2	$361K	Hold	37,283	–	–	0.01%	1143
2025 Q1	$357K	Sell	37,283 -5,698	-13%	-$54.1K	0.01%	1128
2024 Q4	$372K	Hold	42,981	–	–	0.01%	1247
2024 Q3	$395K	Sell	42,981 -2,620	-6%	-$26.7K	0.01%	1227
2024 Q2	$446K	Sell	45,601 -1,665	-4%	-$17.2K	0.01%	1217
2024 Q1	$492K	Hold	47,266	–	–	0.01%	1130
2023 Q4	$555K	Sell	47,266 -634	-1%	-$6.79K	0.01%	1069
2023 Q3	$485K	Sell	47,900 -2,762	-5%	-$30.1K	0.01%	1078
2023 Q2	$573K	Sell	50,662 -1,675	-3%	-$16.9K	0.01%	994
2023 Q1	$487K	Sell	52,337 -1,139	-2%	-$12.6K	0.01%	1055
2022 Q4	$575K	Buy	53,476 +581	+1%	+$6.35K	0.02%	892
2022 Q3	$439K	Sell	52,895 -1,136	-2%	-$13K	0.04%	362
2022 Q2	$564K	Buy	54,031 +841	+2%	+$10.3K	0.02%	851
2022 Q1	$741K	Buy	53,190 +766	+1%	+$10.3K	0.02%	781
2021 Q4	$690K	Buy	52,424 +1,174	+2%	+$17K	0.02%	886
2021 Q3	$773K	Buy	+51,250	New	+$783K	0.02%	788