Apollo Commercial Real Estate
ARI
262 hedge funds and large institutions have $810M invested in Apollo Commercial Real Estate in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 103 increasing their positions, 71 reducing their positions, and 21 closing their positions.
57% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 21
45% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 71
6% more capital invested
Capital invested by funds: $767M → $810M (+$42.9M)
4% more funds holding
Funds holding: 253 → 262 (+9)
0.52% more ownership
Funds ownership: 56.92% → 57.44% (+0.52%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less call options, than puts
Call options by funds: $2.18M | Put options by funds: $2.31M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSGL
No Street GP LP
San Francisco,
California
|
+$7.64M |
| 2 |
Goldman Sachs
New York
|
+$3.91M |
| 3 |
JP Morgan Chase
New York
|
+$3.71M |
| 4 |
LIP
Lighthouse Investment Partners
Palm Beach Gardens,
Florida
|
+$2.91M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$5.93M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$3.17M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$2.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Group One Trading
Chicago,
Illinois
| – | -$14.6K | -1,434 | Closed |
|
|
TCOV
277
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$8.95K | -925 | Closed |
|
|
BIG
278
Brooklyn Investment Group
Brooklyn,
New York
| – | -$7.97K | -824 | Closed |
|
|
TPWA
279
Twin Peaks Wealth Advisors
Burlingame,
California
| – | -$2.8K | -279 | Closed |
|
|
WBC
280
West Branch Capital
Amherst,
Massachusetts
| – | -$2.57K | -265 | Closed |
|
|
MCM
281
MAI Capital Management
Independence,
Ohio
| – | -$484 | -50 | Closed |
|
ARI Hedge Fund Activity: Q3 2025 in Review
262 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q3 2025, worth a combined $810M — up 5.6% from $767M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new ARI positions and 21 closed out — a net gain of 12 holders — while 103 added to existing stakes and 71 trimmed.
The largest buyer was No Street GP LP, adding an estimated $7.64M. The largest seller was UBS AM, cutting an estimated $5.93M.
- 262 institutional investors held Apollo Commercial Real Estate (ARI) as of Q3 2025, up from 253 in Q2 2025.
- Funds reported $810M of Apollo Commercial Real Estate stock for Q3 2025, up 5.6% quarter-over-quarter.
- 33 funds opened new Apollo Commercial Real Estate positions in Q3 2025 and 21 closed out, a net change of +12 holders.
- The largest Apollo Commercial Real Estate buyer in Q3 2025 was No Street GP LP, an estimated $7.64M added.
- The largest Apollo Commercial Real Estate seller in Q3 2025 was UBS AM, an estimated $5.93M sold.
Based on aggregated 13F filings for Q3 2025.