ARI

Apollo Commercial Real Estate
ARI

Overview Fund Activity

249 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, 93 increasing their positions, 76 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
249
Holders Change
+3
Holders Change %
+1.22%
% of All Funds
3.34%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
31
Increased
93
Reduced
76
Closed
26
Calls
$2.19M
Puts
$11.5M
Net Calls
-$9.35M
Net Calls Change
-$4.17M

Top Buyers

1
NSGL
No Street GP LP
California
+$21.8M
2
EP
Edgestream Partners
New Jersey
+$5.32M
3
Victory Capital Management
Victory Capital Management
Texas
+$4.21M
4
Invesco
Invesco
Georgia
+$4.19M
5
UBS AM
UBS AM
Illinois
+$3.59M

Top Sellers

1
Nomura Holdings
Nomura Holdings
Japan
-$26.6M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$9.43M
3
BlackRock
BlackRock
New York
-$8.77M
4
Jane Street
Jane Street
New York
-$4.41M
5
Renaissance Technologies
Renaissance Technologies
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Shares
Change %
FCM
51
FJ Capital Management
Virginia
$1.6M +$1.6M +165,317 New
CSS
52
Cubist Systematic Strategies
Connecticut
$1.53M +$1.18M +121,971 +338%
AIS
53
AM Investment Strategies
Tennessee
$1.44M +$325K +33,581 +29%
Lazard Asset Management
54
Lazard Asset Management
New York
$1.37M +$1.37M +141,417 New
Allianz Asset Management
55
Allianz Asset Management
Germany
$1.36M +$1.36M +140,239 New
AC
56
AlphaCore Capital
California
$1.24M +$156K +16,068 +14%
PVM
57
Palogic Value Management
Texas
$1.24M +$106 +11 +0%
Citigroup
58
Citigroup
New York
$1.21M -$663K -68,505 -35%
California State Teachers Retirement System (CalSTRS)
59
California State Teachers Retirement System (CalSTRS)
California
$1.18M -$14.2K -1,472 -1%
Norges Bank
60
Norges Bank
Norway
$1.15M +$1.15M +118,355 New
MFG
61
Merit Financial Group
Georgia
$1.13M -$11.8K -1,214 -1%
IIM
62
INTECH Investment Management
Florida
$1.05M +$3.01K +311 +0.3%
DFCM
63
Dark Forest Capital Management
Puerto Rico
$1.05M +$1.05M +108,254 New
T. Rowe Price Associates
64
T. Rowe Price Associates
Maryland
$1.05M +$129K +13,279 +14%
Canada Life
65
Canada Life
Manitoba, Canada
$1.04M -$25.1K -2,598 -2%
PCM
66
Penserra Capital Management
California
$1.03M -$147K -15,172 -12%
AFG
67
American Financial Group
Ohio
$1.02M – – –
AQR Capital Management
68
AQR Capital Management
Connecticut
$1.01M +$808K +83,488 +397%
Two Sigma Advisers
69
Two Sigma Advisers
New York
$946K +$537K +55,500 +132%
CM
70
Caption Management
Oklahoma
$931K +$407K +42,030 +78%
KAS
71
Kestra Advisory Services
Texas
$917K +$51.2K +5,292 +6%
Thrivent Financial for Lutherans
72
Thrivent Financial for Lutherans
Minnesota
$914K +$1.46K +151 +0.2%
Deutsche Bank
73
Deutsche Bank
Germany
$867K -$164K -16,928 -16%
Ensign Peak Advisors
74
Ensign Peak Advisors
Utah
$839K – – –
MIM
75
MetLife Investment Management
New Jersey
$808K +$48K +4,961 +6%
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3
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