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ARI

Apollo Commercial Real Estate
ARI

115 hedge funds and large institutions have $340M invested in Apollo Commercial Real Estate in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 39

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.37% less ownership

Funds ownership: 60.8% → 60.43% (-0.37%)

5% less capital invested

Capital invested by funds: $356M → $340M (-$16.1M)

4% less funds holding

Funds holding: 120 → 115 (-5)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $11K

Holders
115
Holders Change
-5
Holders Change %
-4.17%
% of All Funds
3.73%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
8
Increased
46
Reduced
39
Closed
12
Calls
–
Puts
$11K
Net Calls
-$11K
Net Calls Change
+$8K

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$12.6M
2
Morgan Stanley
Morgan Stanley
New York
+$4.26M
3
MCM
Moore Capital Management
New York
+$3.35M
4
BFA
BlackRock Fund Advisors
California
+$2.5M
5
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$1.78M

Top Sellers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$6.78M
2
CA
Commerzbank Aktiengesellschaft
Germany
-$3.9M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.41M
4
GC
Guggenheim Capital
Illinois
-$2.35M
5
YMRC
Yorktown Management & Research Company
Virginia
-$2.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Board of Administration of Florida Retirement System
51
State Board of Administration of Florida Retirement System
Florida
$795K – – –
YMRC
52
Yorktown Management & Research Company
Virginia
$764K -$2.22M -142,600 -74%
LSV Asset Management
53
LSV Asset Management
Illinois
$761K +$419K +26,900 +117%
PPA
54
Parametric Portfolio Associates
Washington
$692K +$323K +20,731 +84%
TMC
55
Trellus Management Company
Florida
$688K – – –
Jacobs Levy Equity Management
56
Jacobs Levy Equity Management
New Jersey
$683K – – –
Two Sigma Investments
57
Two Sigma Investments
New York
$644K -$320K -20,502 -33%
OC
58
Oppenheimer & Co
New York
$610K – – –
WA
59
WESPAC Advisors
California
$571K +$2.18K +140 +0.4%
Swiss National Bank
60
Swiss National Bank
Switzerland
$553K -$26.5K -1,700 -4%
AIM
61
ADAR Investment Management
New Jersey
$483K +$37.4K +2,398 +8%
Millennium Management
62
Millennium Management
New York
$475K +$237K +15,173 +95%
NFA
63
Nationwide Fund Advisors
Ohio
$465K +$82.2K +5,273 +21%
KIA
64
King Investment Advisors
Texas
$464K – – –
LPC
65
Loeb Partners Corp
New York
$458K – – –
SNC
66
Stifel Nicolaus & Co
Missouri
$453K -$60.3K -3,870 -12%
DC
67
Deere & Company
Illinois
$446K -$159K -10,206 -26%
RJFSA
68
Raymond James Financial Services Advisors
Florida
$441K -$1.11M -71,300 -71%
SAM
69
Shell Asset Management
Netherlands
$439K – – –
MAA
70
Managed Account Advisors
New Jersey
$435K +$245K +15,727 +123%
VNA
71
VNBTrust National Association
Virginia
$428K -$343K -22,000 -44%
MLICM
72
Metropolitan Life Insurance Company (MetLife)
New York
$420K – – –
ACM
73
Ativo Capital Management
Illinois
$386K +$34.4K +2,208 +10%
FCI
74
Financial Counselors Inc
Kansas
$382K -$226K -14,500 -37%
Invesco
75
Invesco
Georgia
$378K +$55.7K +3,575 +17%
1 2
3
4 5

ARI Hedge Fund Activity: Q3 2013 in Review

115 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q3 2013, worth a combined $340M — down 4.5% from $356M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of ARI and 8 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 46 added.

The largest buyer was EJF Capital, opening a new position worth an estimated $12.6M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $6.78M sold.

  • 115 institutional investors held Apollo Commercial Real Estate (ARI) as of Q3 2013, down from 120 in Q2 2013.
  • Funds reported $340M of Apollo Commercial Real Estate stock for Q3 2013, down 4.5% quarter-over-quarter.
  • 8 funds opened new Apollo Commercial Real Estate positions in Q3 2013 and 12 closed out, a net change of -4 holders.
  • The largest Apollo Commercial Real Estate buyer in Q3 2013 was EJF Capital, an estimated $12.6M added.
  • The largest Apollo Commercial Real Estate seller in Q3 2013 was Toronto Dominion Bank, an estimated $6.78M sold.

Based on aggregated 13F filings for Q3 2013.