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ARI

Apollo Commercial Real Estate

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.

New
Increased
Maintained
Reduced
Closed

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: 253262 (+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: 11 (0)

6% less call options, than puts

Call options by funds: $2.18M | Put options by funds: $2.31M

Holders
262
Holders Change
+9
Holders Change %
+3.56%
% of All Funds
3.44%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
33
Increased
103
Reduced
71
Closed
21
Calls
$2.18M
Puts
$2.31M
Net Calls
-$134K
Net Calls Change
+$9.21M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
26
Bank of America
North Carolina
$4.26M -$1.39M -135,991 -24%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$4.1M -$6.5K -638 -0.2%
N
28
Nuveen
North Carolina
$4.06M -$1.55M -152,135 -28%
Balyasny Asset Management
29
Balyasny Asset Management
Illinois
$3.95M +$588K +57,708 +17%
LIP
30
Lighthouse Investment Partners
Florida
$3.66M +$2.91M +285,369 +378%
Legal & General Group
31
Legal & General Group
United Kingdom
$3.46M -$170K -16,723 -5%
LPL Financial
32
LPL Financial
California
$3.43M -$3.17K -311 -0.1%
Ameriprise
33
Ameriprise
Minnesota
$3.42M -$548K -53,727 -14%
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$3.28M -$27K -2,645 -0.8%
Allianz Asset Management
35
Allianz Asset Management
Germany
$3.09M +$1.68M +164,740 +117%
FCM
36
FJ Capital Management
Virginia
$3.04M +$1.37M +134,587 +81%
AAM
37
Advisors Asset Management
Colorado
$2.94M -$1.78M -174,317 -37%
BAMF
38
BI Asset Management Fondsmaeglerselskab
Denmark
$2.83M
AQR Capital Management
39
AQR Capital Management
Connecticut
$2.73M +$1.68M +165,197 +158%
Wells Fargo
40
Wells Fargo
California
$2.72M +$157K +15,391 +6%
Two Sigma Investments
41
Two Sigma Investments
New York
$2.69M +$88K +8,632 +3%
Swiss National Bank
42
Swiss National Bank
Switzerland
$2.59M +$38.7K +3,800 +2%
NAAA
43
New Age Alpha Advisors
New York
$2.54M -$61.2K -6,004 -2%
PCM
44
Prelude Capital Management
New York
$2.28M
CCP
45
Carmel Capital Partners
California
$2.28M +$2.29M +224,614 New
New York State Teachers Retirement System (NYSTRS)
46
New York State Teachers Retirement System (NYSTRS)
New York
$1.88M
WAM
47
Wolverine Asset Management
Illinois
$1.81M
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.73M -$240K -23,500 -12%
Wealth Enhancement Advisory Services
49
Wealth Enhancement Advisory Services
Minnesota
$1.72M +$1.25M +122,970 +252%
LSV Asset Management
50
LSV Asset Management
Illinois
$1.65M -$273K -26,800 -14%

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.