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ARI

Apollo Commercial Real Estate
ARI

240 hedge funds and large institutions have $875M invested in Apollo Commercial Real Estate in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 86 increasing their positions, 81 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more capital invested

Capital invested by funds: $747M → $875M (+$128M)

6% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 81

2.09% less ownership

Funds ownership: 56.7% → 54.61% (-2.1%)

3% less funds holding

Funds holding: 248 → 240 (-8)

21% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 29

83% less call options, than puts

Call options by funds: $3.57M | Put options by funds: $21.1M

Holders
240
Holders Change
-8
Holders Change %
-3.23%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
86
Reduced
81
Closed
29
Calls
$3.57M
Puts
$21.1M
Net Calls
-$17.5M
Net Calls Change
+$28.8M

Top Buyers

1
Invesco
Invesco
Georgia
+$4.63M
2
N
Nuveen
North Carolina
+$3.76M
3
MFG
Merit Financial Group
Georgia
+$3.08M
4
Morgan Stanley
Morgan Stanley
New York
+$2.83M
5
VanEck Associates
VanEck Associates
New York
+$1.07M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$11.9M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$4.57M
3
BlackRock
BlackRock
New York
-$3.4M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$3.4M
5
Goldman Sachs
Goldman Sachs
New York
-$2.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
Prudential Financial
26
Prudential Financial
New Jersey
$4.49M +$309K +30,567 +8%
Legal & General Group
27
Legal & General Group
United Kingdom
$4.24M -$78.5K -7,776 -2%
NIG
28
NFJ Investment Group
Texas
$3.56M – – –
MFG
29
Merit Financial Group
Georgia
$3.45M +$3.08M +305,057 New
Swiss National Bank
30
Swiss National Bank
Switzerland
$3.31M +$38.4K +3,800 +1%
AAM
31
Advisors Asset Management
Colorado
$3M -$299K -29,646 -10%
LPL Financial
32
LPL Financial
California
$2.98M -$101K -10,042 -4%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$2.91M -$9.88K -979 -0.4%
CS
34
Credit Suisse
Switzerland
$2.76M +$386K +38,260 +19%
Hotchkis & Wiley Capital Management
35
Hotchkis & Wiley Capital Management
California
$2.71M +$78.2K +7,750 +3%
Public Sector Pension Investment Board (PSP Investments)
36
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.61M +$22.6K +2,238 +1%
New York State Teachers Retirement System (NYSTRS)
37
New York State Teachers Retirement System (NYSTRS)
New York
$2.5M +$350K +34,717 +19%
AllianceBernstein
38
AllianceBernstein
Tennessee
$2.32M – – –
Wells Fargo
39
Wells Fargo
California
$2.25M +$635K +62,963 +46%
GCP
40
GSA Capital Partners
United Kingdom
$2.19M +$1.01M +99,884 +107%
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$1.87M -$43.4K -4,304 -3%
ECM
42
ExodusPoint Capital Management
New York
$1.7M -$291K -28,869 -16%
COPPSERS
43
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.66M +$94.6K +9,378 +7%
RBC
44
Roble Belko & Company
Pennsylvania
$1.66M -$98.3K -9,744 -6%
UBS AM
45
UBS AM
Illinois
$1.6M – – –
Jennison Associates
46
Jennison Associates
New York
$1.53M +$196K +19,391 +17%
VOYA Investment Management
47
VOYA Investment Management
Georgia
$1.48M +$480K +47,514 +57%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$1.42M -$44.4K -4,401 -3%
Osaic Holdings
49
Osaic Holdings
Arizona
$1.41M +$20.9K +2,070 +2%
First Trust Advisors
50
First Trust Advisors
Illinois
$1.4M -$1.78M -176,597 -59%
1
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ARI Hedge Fund Activity: Q2 2023 in Review

240 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q2 2023, worth a combined $875M — up 17% from $747M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of ARI and 23 opened new positions — a net loss of 6 holders — while 81 trimmed existing stakes and 86 added.

The largest buyer was Invesco, adding an estimated $4.63M. The largest seller was Millennium Management, cutting an estimated $11.9M.

  • 240 institutional investors held Apollo Commercial Real Estate (ARI) as of Q2 2023, down from 248 in Q1 2023.
  • Funds reported $875M of Apollo Commercial Real Estate stock for Q2 2023, up 17% quarter-over-quarter.
  • 23 funds opened new Apollo Commercial Real Estate positions in Q2 2023 and 29 closed out, a net change of -6 holders.
  • The largest Apollo Commercial Real Estate buyer in Q2 2023 was Invesco, an estimated $4.63M added.
  • The largest Apollo Commercial Real Estate seller in Q2 2023 was Millennium Management, an estimated $11.9M sold.

Based on aggregated 13F filings for Q2 2023.