ARI

Apollo Commercial Real Estate

258 hedge funds and large institutions have $797M invested in Apollo Commercial Real Estate in 2025 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 96 increasing their positions, 78 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more funds holding in top 10

Funds holding in top 10:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

9% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 33

1% less funds holding

Funds holding: 260258 (-2)

2% less capital invested

Capital invested by funds: $810M → $797M (-$13M)

Holders
258
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$1.56M
Puts
$646K
Net Calls
Net Calls Change

Top Buyers

1 +$5.69M
2 +$5.58M
3 +$4.85M
4
UBS AM
UBS AM
Illinois
+$3.76M
5
Morgan Stanley
Morgan Stanley
New York
+$3.51M
Name Holding Trade Value Shares
Change
Change in
Stake
State of Tennessee, Department of Treasury
101
State of Tennessee, Department of Treasury
Tennessee
$516K
TCM
102
Triumph Capital Management
Colorado
$513K
VC
103
VarCov Co
Connecticut
$471K
II
104
Inspire Investing
Idaho
$466K
SOW
105
State of Wyoming
Wyoming
$456K
Mercer Global Advisors
106
Mercer Global Advisors
Colorado
$448K
SEI Investments
107
SEI Investments
Pennsylvania
$417K
New York State Common Retirement Fund
108
New York State Common Retirement Fund
New York
$379K
PFSRSONJ
109
Police & Firemen's Retirement System of New Jersey
New Jersey
$374K
WG
110
Winton Group
United Kingdom
$370K
AB
111
Amalgamated Bank
New York
$370K
Two Sigma Advisers
112
Two Sigma Advisers
New York
$366K
WAM
113
Weiss Asset Management
Massachusetts
$360K
QCM
114
Quantinno Capital Management
New York
$358K
ASRS
115
Arizona State Retirement System
Arizona
$356K
Russell Investments Group
116
Russell Investments Group
United Kingdom
$353K
YCM
117
Yousif Capital Management
Michigan
$351K
HHRDM
118
H&H Retirement Design & Management
Nevada
$343K
Verition Fund Management
119
Verition Fund Management
Connecticut
$328K
TRSOTSOK
120
Teachers Retirement System of the State of Kentucky
Kentucky
$317K
HighTower Advisors
121
HighTower Advisors
Illinois
$314K
PAG
122
Private Advisor Group
New Jersey
$314K
COPPSERS
123
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$313K
DTL
124
Dynamic Technology Lab
Singapore
$306K
BNP Paribas Financial Markets
125
BNP Paribas Financial Markets
France
$304K