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ARI

Apollo Commercial Real Estate
ARI

253 hedge funds and large institutions have $767M invested in Apollo Commercial Real Estate in 2025 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 94 increasing their positions, 78 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 78

19% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 26

2% more funds holding

Funds holding: 249 → 253 (+4)

0% more capital invested

Capital invested by funds: $766M → $767M (+$680K)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.64% less ownership

Funds ownership: 57.56% → 56.92% (-0.64%)

81% less call options, than puts

Call options by funds: $2.19M | Put options by funds: $11.5M

Holders
253
Holders Change
+4
Holders Change %
+1.61%
% of All Funds
3.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
31
Increased
94
Reduced
78
Closed
26
Calls
$2.19M
Puts
$11.5M
Net Calls
-$9.35M
Net Calls Change
-$4.17M

Top Buyers

Rank Fund Capital Flow
1
NSGL
No Street GP LP
California
+$21.2M
2
EP
Edgestream Partners
New Jersey
+$5.18M
3
Victory Capital Management
Victory Capital Management
Texas
+$4.1M
4
Invesco
Invesco
Georgia
+$4.07M
5
UBS AM
UBS AM
Illinois
+$3.49M

Top Sellers

Rank Fund Capital Flow
1
Nomura Holdings
Nomura Holdings
Japan
-$25.9M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$9.18M
3
BlackRock
BlackRock
New York
-$8.54M
4
Jane Street
Jane Street
New York
-$4.3M
5
Renaissance Technologies
Renaissance Technologies
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
RhumbLine Advisers
26
RhumbLine Advisers
Massachusetts
$3.92M +$54.7K +5,804 +1%
Ameriprise
27
Ameriprise
Minnesota
$3.79M -$237K -25,186 -6%
Barclays
28
Barclays
United Kingdom
$3.62M +$502K +53,269 +17%
Legal & General Group
29
Legal & General Group
United Kingdom
$3.47M +$27.6K +2,930 +0.8%
LPL Financial
30
LPL Financial
California
$3.28M +$527K +55,945 +20%
Balyasny Asset Management
31
Balyasny Asset Management
Illinois
$3.21M -$9.18M -974,317 -75%
Tudor Investment Corp
32
Tudor Investment Corp
Connecticut
$3.16M +$3.08M +326,775 New
JP Morgan Chase
33
JP Morgan Chase
New York
$3.15M -$590K -62,638 -16%
BAMF
34
BI Asset Management Fondsmaeglerselskab
Denmark
$2.71M – – –
Goldman Sachs
35
Goldman Sachs
New York
$2.54M -$1.61M -171,006 -39%
Two Sigma Investments
36
Two Sigma Investments
New York
$2.49M +$2.3M +243,914 +1,832%
NAAA
37
New Age Alpha Advisors
New York
$2.49M -$188K -19,910 -7%
Wells Fargo
38
Wells Fargo
California
$2.45M +$634K +67,296 +36%
Swiss National Bank
39
Swiss National Bank
Switzerland
$2.44M -$21.7K -2,300 -0.9%
UBS Group
40
UBS Group
Switzerland
$2.38M -$1.55M -164,957 -40%
Prudential Financial
41
Prudential Financial
New Jersey
$2.23M +$959K +101,720 +79%
PCM
42
Prelude Capital Management
New York
$2.18M -$236K -25,000 -10%
D.E. Shaw & Co
43
D.E. Shaw & Co
New York
$2.1M +$1.84M +194,908 +896%
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$2.03M +$66.9K +7,102 +4%
Simplex Trading
45
Simplex Trading
Illinois
$1.9M -$9.59K -1,018 -0.5%
AllianceBernstein
46
AllianceBernstein
Tennessee
$1.88M +$196K +20,800 +12%
LSV Asset Management
47
LSV Asset Management
Illinois
$1.84M -$35.8K -3,800 -2%
New York State Teachers Retirement System (NYSTRS)
48
New York State Teachers Retirement System (NYSTRS)
New York
$1.79M – – –
WAM
49
Wolverine Asset Management
Illinois
$1.73M – – –
AI
50
AXS Investments
New York
$1.67M -$161K -17,130 -9%
1
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ARI Hedge Fund Activity: Q2 2025 in Review

253 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q2 2025, worth a combined $767M — up 0.09% from $766M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new ARI positions and 26 closed out — a net gain of 5 holders — while 94 added to existing stakes and 78 trimmed.

The largest buyer was No Street GP LP, opening a new position worth an estimated $21.2M. The largest seller was Nomura Holdings, cutting an estimated $25.9M.

  • 253 institutional investors held Apollo Commercial Real Estate (ARI) as of Q2 2025, up from 249 in Q1 2025.
  • Funds reported $767M of Apollo Commercial Real Estate stock for Q2 2025, up 0.09% quarter-over-quarter.
  • 31 funds opened new Apollo Commercial Real Estate positions in Q2 2025 and 26 closed out, a net change of +5 holders.
  • The largest Apollo Commercial Real Estate buyer in Q2 2025 was No Street GP LP, an estimated $21.2M added.
  • The largest Apollo Commercial Real Estate seller in Q2 2025 was Nomura Holdings, an estimated $25.9M sold.

Based on aggregated 13F filings for Q2 2025.