Two Sigma Advisers’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	–	Sell	-37,800	Closed	-$366K	–	161
2025 Q4	$366K	Sell	37,800 -18,700	-33%	-$187K	﹤0.01%	1905
2025 Q3	$572K	Sell	56,500 -41,200	-42%	-$420K	﹤0.01%	1709
2025 Q2	$946K	Buy	97,700 +55,500	+132%	+$523K	﹤0.01%	1469
2025 Q1	$404K	Buy	+42,200	New	+$401K	﹤0.01%	1870
2021 Q1	–	Sell	-10,300	Closed	-$115K	–	2541
2020 Q4	$115K	Buy	+10,300	New	+$106K	﹤0.01%	2253
2017 Q1	–	Sell	-12,843	Closed	-$213K	–	2334
2016 Q4	$213K	Buy	+12,843	New	+$216K	﹤0.01%	2165
2016 Q3	–	Sell	-362,327	Closed	-$5.82M	–	2197
2016 Q2	$5.82M	Sell	362,327 -31,100	-8%	-$499K	0.03%	504
2016 Q1	$6.41M	Buy	393,427 +216,600	+122%	+$3.48M	0.04%	445
2015 Q4	$3.05M	Sell	176,827 -78,100	-31%	-$1.33M	0.02%	611
2015 Q3	$4M	Sell	254,927 -106,200	-29%	-$1.77M	0.03%	530
2015 Q2	$5.93M	Sell	361,127 -623,600	-63%	-$10.7M	0.04%	425
2015 Q1	$16.9M	Buy	984,727 +761,200	+341%	+$12.8M	0.12%	213
2014 Q4	$3.66M	Sell	223,527 -150,700	-40%	-$2.47M	0.03%	594
2014 Q3	$5.88M	Sell	374,227 -246,800	-40%	-$4.08M	0.05%	442
2014 Q2	$10.2M	Buy	621,027 +482,900	+350%	+$8.06M	0.09%	285
2014 Q1	$2.3M	Buy	138,127 +71,000	+106%	+$1.18M	0.02%	708
2013 Q4	$1.09M	Buy	+67,127	New	+$1.09M	0.01%	1086