Norges Bank’s Apollo Commercial Real Estate ARI Stock Holding History

Norges Bank’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
2026 Q1	–	Sell	-145,800	Closed	-$1.41M	–	105
2025 Q4	$1.41M	Buy	+145,800	New	+$1.46M	﹤0.01%	1474
2025 Q3	–	Sell	-118,355	Closed	-$1.15M	–	121
2025 Q2	$1.15M	Sell	118,355 -195,933	-62%	-$1.85M	﹤0.01%	1520
2025 Q1	$3.01M	Sell	314,288 -73,699	-19%	-$700K	﹤0.01%	1453
2024 Q4	$3.36M	Sell	387,987 -126,084	-25%	-$1.13M	﹤0.01%	1598
2024 Q3	$4.72M	Sell	514,071 -151,757	-23%	-$1.55M	﹤0.01%	1536
2024 Q2	$6.52M	Sell	665,828 -175,493	-21%	-$1.81M	﹤0.01%	1498
2024 Q1	$9.37M	Sell	841,321 -181,352	-18%	-$2.03M	﹤0.01%	1468
2023 Q4	$12M	Sell	1,022,673 -103,674	-9%	-$1.11M	﹤0.01%	1427
2023 Q3	$11.4M	Buy	1,126,347 +30,384	+3%	+$331K	﹤0.01%	1423
2023 Q2	$12.4M	Sell	1,095,963 -166,145	-13%	-$1.68M	﹤0.01%	1445
2023 Q1	$11.8M	Sell	1,262,108 -86,417	-6%	-$957K	﹤0.01%	1511
2022 Q4	$14.5M	Hold	1,348,525	–	–	﹤0.01%	1414
2022 Q3	$11.2M	Buy	1,348,525 +45,126	+3%	+$518K	﹤0.01%	1488
2022 Q2	$13.6M	Sell	1,303,399 -142,582	-10%	-$1.75M	﹤0.01%	1423
2022 Q1	$20.1M	Hold	1,445,981	–	–	﹤0.01%	1397
2021 Q4	$19M	Hold	1,445,981	–	–	﹤0.01%	1508
2021 Q3	$21.4M	Sell	1,445,981 -40,659	-3%	-$622K	﹤0.01%	1442
2021 Q2	$23.7M	Sell	1,486,640 -132,139	-8%	-$2.04M	0.01%	1434
2021 Q1	$22.6M	Sell	1,618,779 -445,779	-22%	-$5.72M	0.01%	1471
2020 Q4	$23.1M	Hold	2,064,558	–	–	0.01%	1486
2020 Q3	$18.6M	Hold	2,064,558	–	–	﹤0.01%	1469
2020 Q2	$20.3M	Buy	2,064,558 +122,699	+6%	+$1.04M	0.01%	1415
2020 Q1	$14.4M	Buy	1,941,859 +44,350	+2%	+$692K	0.01%	1452
2019 Q4	$34.7M	Buy	1,897,509 +91,787	+5%	+$1.69M	0.01%	1147
2019 Q3	$34.6M	Buy	1,805,722 +117,214	+7%	+$2.21M	0.01%	1105
2019 Q2	$31.1M	Buy	1,688,508 +140,000	+9%	+$2.61M	0.01%	1208
2019 Q1	$28.2M	Hold	1,548,508	–	–	0.01%	1257
2018 Q4	$25.8M	Buy	1,548,508 +160,227	+12%	+$2.96M	0.01%	1222
2018 Q3	$26.2M	Hold	1,388,281	–	–	0.01%	1363
2018 Q2	$25.4M	Hold	1,388,281	–	–	0.01%	1355
2018 Q1	$25M	Buy	1,388,281 +250,000	+22%	+$4.58M	0.01%	1280
2017 Q4	$21M	Sell	1,138,281 -30,950	-3%	-$571K	0.01%	1441
2017 Q3	$21.2M	Hold	1,169,231	–	–	0.01%	1402
2017 Q2	$21.7M	Buy	1,169,231 +1,054,196	+916%	+$19.7M	0.01%	1353
2017 Q1	$2.16M	Buy	+115,035	New	+$2.04M	﹤0.01%	1986
2016 Q4	–	Sell	-55,862	Closed	-$873K	–	2152
2016 Q3	$873K	Hold	55,862	–	–	﹤0.01%	2060
2016 Q2	$898K	Hold	55,862	–	–	﹤0.01%	2079
2016 Q1	$911K	Hold	55,862	–	–	﹤0.01%	2071
2015 Q4	$963K	Hold	55,862	–	–	﹤0.01%	2113
2015 Q3	$878K	Sell	55,862 -8,810	-14%	-$147K	﹤0.01%	2133
2015 Q2	$1.06M	Hold	64,672	–	–	﹤0.01%	2120
2015 Q1	$1.11M	Sell	64,672 -58,480	-47%	-$984K	﹤0.01%	2146
2014 Q4	$2.02M	Hold	123,152	–	–	﹤0.01%	2098
2014 Q3	$1.94M	Buy	+123,152	New	+$2.04M	﹤0.01%	2107