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ARI

Apollo Commercial Real Estate

217 hedge funds and large institutions have $827M invested in Apollo Commercial Real Estate in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 61 increasing their positions, 88 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $2.23M | Put options by funds: $1.33M

8% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 25

0% more funds holding

Funds holding: 217217 (0)

2.29% less ownership

Funds ownership: 64.25%61.96% (-2.3%)

15% less capital invested

Capital invested by funds: $976M → $827M (-$149M)

31% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 88

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
217
Holders Change
Holders Change %
0%
% of All Funds
4.38%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
27
Increased
61
Reduced
88
Closed
25
Calls
$2.23M
Puts
$1.33M
Net Calls
+$895K
Net Calls Change
+$1.14M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$219M -$10.9M -1,180,824 -5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$129M -$14.2M -1,542,881 -10%
SOMRS
3
State of Michigan Retirement System
Michigan
$49.2M
State Street
4
State Street
Massachusetts
$44.8M -$3.64M -394,967 -8%
AMH
5
Apollo Management Holdings
New York
$32M -$32M -3,480,340 -50%
Wells Fargo
6
Wells Fargo
California
$25.8M +$210K +22,802 +0.8%
D.E. Shaw & Co
7
D.E. Shaw & Co
New York
$18.7M +$378K +41,028 +2%
Norges Bank
8
Norges Bank
Norway
$18.6M
Geode Capital Management
9
Geode Capital Management
Massachusetts
$17.2M -$2.09M -226,566 -11%
Northern Trust
10
Northern Trust
Illinois
$16.3M -$1.44M -156,016 -8%
Invesco
11
Invesco
Georgia
$15.8M -$1.44M -156,037 -8%
Mirae Asset Global Investments
12
Mirae Asset Global Investments
South Korea
$15M +$231K +25,086 +2%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$13M -$911K -98,955 -6%
Morgan Stanley
14
Morgan Stanley
New York
$12.7M -$1.25M -136,199 -9%
N
15
Nuveen
North Carolina
$11.4M -$1.04M -113,255 -14%
Charles Schwab
16
Charles Schwab
California
$10.7M -$92.5K -10,050 -0.8%
Principal Financial Group
17
Principal Financial Group
Iowa
$8.86M -$951K -103,273 -10%
CS
18
Credit Suisse
Switzerland
$7.79M +$71.5K +7,772 +0.9%
LSV Asset Management
19
LSV Asset Management
Illinois
$7.04M -$180K -19,600 -2%
JP Morgan Chase
20
JP Morgan Chase
New York
$6.65M -$233K -25,311 -3%
Ameriprise
21
Ameriprise
Minnesota
$6.31M -$168K -18,218 -3%
VanEck Associates
22
VanEck Associates
New York
$6.29M +$867K +94,198 +16%
Allianz Asset Management
23
Allianz Asset Management
Germany
$5.93M +$2.97M +322,562 +96%
PPA
24
Parametric Portfolio Associates
Washington
$5.64M +$288K +31,326 +5%
RhumbLine Advisers
25
RhumbLine Advisers
Massachusetts
$4.24M -$401K -43,585 -8%

ARI Hedge Fund Activity: Q3 2020 in Review

217 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q3 2020, worth a combined $827M — down 15% from $976M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new ARI positions and 25 closed out — a net gain of 2 holders — while 61 added to existing stakes and 88 trimmed.

The largest buyer was Millennium Management, adding an estimated $3.06M. The largest seller was Apollo Management Holdings, cutting an estimated $32M.

  • 217 institutional investors held Apollo Commercial Real Estate (ARI) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $827M of Apollo Commercial Real Estate stock for Q3 2020, down 15% quarter-over-quarter.
  • 27 funds opened new Apollo Commercial Real Estate positions in Q3 2020 and 25 closed out, a net change of +2 holders.
  • The largest Apollo Commercial Real Estate buyer in Q3 2020 was Millennium Management, an estimated $3.06M added.
  • The largest Apollo Commercial Real Estate seller in Q3 2020 was Apollo Management Holdings, an estimated $32M sold.

Based on aggregated 13F filings for Q3 2020.