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ARI

Apollo Commercial Real Estate
ARI

124 hedge funds and large institutions have $373M invested in Apollo Commercial Real Estate in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 44 increasing their positions, 43 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 9

10% more capital invested

Capital invested by funds: $340M → $373M (+$32.8M)

8% more funds holding

Funds holding: 115 → 124 (+9)

1.44% more ownership

Funds ownership: 60.43% → 61.87% (+1.4%)

2% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 43

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
124
Holders Change
+9
Holders Change %
+7.83%
% of All Funds
3.6%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
20
Increased
44
Reduced
43
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$10.8M
2
OCG
Opus Capital Group
Ohio
+$6.76M
3
Goldman Sachs
Goldman Sachs
New York
+$4.86M
4
DCM
Driehaus Capital Management
Illinois
+$3.84M
5
BIT
BlackRock Institutional Trust
California
+$2.89M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$5.55M
2
Citadel Advisors
Citadel Advisors
Florida
-$4.62M
3
Morgan Stanley
Morgan Stanley
New York
-$4.05M
4
ECM
EII Capital Management
New York
-$3.29M
5
Lazard Asset Management
Lazard Asset Management
New York
-$3.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$3.35M +$724K +44,643 +28%
TFMS
27
Trust & Fiduciary Management Services
Massachusetts
$3.04M +$183K +11,283 +6%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$2.93M -$52.1K -3,215 -2%
TCIM
29
TIAA CREF Investment Management
New York
$2.81M -$49K -3,020 -2%
ECM
30
EII Capital Management
New York
$2.49M -$3.29M -203,000 -57%
Two Sigma Investments
31
Two Sigma Investments
New York
$2.38M +$1.69M +104,356 +247%
N
32
Nuveen
North Carolina
$2.25M -$161K -9,923 -7%
Lazard Asset Management
33
Lazard Asset Management
New York
$2.23M -$3.15M -194,460 -59%
DCM
34
Dupont Capital Management
Delaware
$2.16M -$72.5K -4,469 -3%
BIM
35
BlackRock Investment Management
Delaware
$2.12M -$62K -3,825 -3%
Wells Fargo
36
Wells Fargo
California
$1.84M -$52.3K -3,224 -3%
Charles Schwab
37
Charles Schwab
California
$1.59M +$134K +8,264 +9%
PAM
38
Panagora Asset Management
Massachusetts
$1.32M – – –
VanEck Associates
39
VanEck Associates
New York
$1.3M +$104K +6,417 +9%
QI
40
QS Investors
New York
$1.25M +$1.25M +77,100 New
AG
41
Aperio Group
California
$1.21M -$249K -15,346 Closed
KIA
42
King Investment Advisors
Texas
$1.16M -$475K -29,291 -96%
Citadel Advisors
43
Citadel Advisors
Florida
$1.16M -$4.62M -285,256 -80%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$1.11M -$86K -5,302 -7%
TC
45
TFS Capital
Pennsylvania
$1.09M -$1.42M -87,852 -57%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$1.09M +$1.09M +67,127 New
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$1.08M +$6.49K +400 +0.6%
AWCI
48
Alpine Woods Capital Investors
New York
$1.03M -$263K -16,200 -20%
WA
49
WESPAC Advisors
California
$985K +$376K +23,193 +62%
YMRC
50
Yorktown Management & Research Company
Virginia
$975K +$162K +10,000 +20%
1
2
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ARI Hedge Fund Activity: Q4 2013 in Review

124 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q4 2013, worth a combined $373M — up 9.6% from $340M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new ARI positions and 9 closed out — a net gain of 11 holders — while 44 added to existing stakes and 43 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $10.8M. The largest seller was EJF Capital, cutting an estimated $5.55M.

  • 124 institutional investors held Apollo Commercial Real Estate (ARI) as of Q4 2013, up from 115 in Q3 2013.
  • Funds reported $373M of Apollo Commercial Real Estate stock for Q4 2013, up 9.6% quarter-over-quarter.
  • 20 funds opened new Apollo Commercial Real Estate positions in Q4 2013 and 9 closed out, a net change of +11 holders.
  • The largest Apollo Commercial Real Estate buyer in Q4 2013 was Schroder Investment Management Group, an estimated $10.8M added.
  • The largest Apollo Commercial Real Estate seller in Q4 2013 was EJF Capital, an estimated $5.55M sold.

Based on aggregated 13F filings for Q4 2013.