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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
AIS
51
AM Investment Strategies
Tennessee
$1.54M +$37.9K +3,715 +3%
Marshall Wace
52
Marshall Wace
United Kingdom
$1.46M -$3.17M -311,251 -68%
PVM
53
Palogic Value Management
Texas
$1.33M +$31.5K +3,087 +2%
Qube Research & Technologies (QRT)
54
Qube Research & Technologies (QRT)
United Kingdom
$1.3M +$1.31M +128,574 New
AC
55
AlphaCore Capital
California
$1.29M -$39.9K -3,915 -3%
Jane Street
56
Jane Street
New York
$1.26M +$1.02M +100,154 +408%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$1.24M +$71 +7 +0%
MFG
58
Merit Financial Group
Georgia
$1.2M +$20.7K +2,033 +2%
T. Rowe Price Associates
59
T. Rowe Price Associates
Maryland
$1.15M +$53.9K +5,290 +5%
D.E. Shaw & Co
60
D.E. Shaw & Co
New York
$1.13M -$1.07M -105,108 -49%
PCM
61
Penserra Capital Management
California
$1.12M +$38.1K +3,736 +4%
Canada Life
62
Canada Life
Manitoba, Canada
$1.1M +$9.57K +939 +0.9%
AFG
63
American Financial Group
Ohio
$1.07M
Deutsche Bank
64
Deutsche Bank
Germany
$1.04M +$137K +13,484 +15%
IIM
65
INTECH Investment Management
Florida
$1.03M -$73.7K -7,228 -7%
Thrivent Financial for Lutherans
66
Thrivent Financial for Lutherans
Minnesota
$959K +$2.34K +230 +0.2%
AI
67
Atom Investors
Texas
$912K +$799K +78,425 +678%
Raymond James Financial
68
Raymond James Financial
Florida
$886K +$48.5K +4,754 +6%
KAS
69
Kestra Advisory Services
Texas
$872K -$88K -8,635 -9%
SIC
70
Samalin Investment Counsel
New York
$830K +$8.8K +863 +1%
MIM
71
MetLife Investment Management
New Jersey
$829K -$16.7K -1,634 -2%
First Trust Advisors
72
First Trust Advisors
Illinois
$796K -$3.44K -337 -0.4%
Osaic Holdings
73
Osaic Holdings
Arizona
$787K +$89.4K +8,776 +13%
Lido Advisors
74
Lido Advisors
California
$786K -$907 -89 -0.1%
Cambridge Investment Research Advisors
75
Cambridge Investment Research Advisors
Iowa
$771K +$395K +38,745 +104%

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.