Apollo Commercial Real Estate
ARI
249 hedge funds and large institutions have $766M invested in Apollo Commercial Real Estate in 2025 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 84 increasing their positions, 81 reducing their positions, and 23 closing their positions.
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
13% more capital invested
Capital invested by funds: $676M → $766M (+$90.4M)
4% more funds holding
Funds holding: 239 → 249 (+10)
1.21% more ownership
Funds ownership: 56.35% → 57.56% (+1.2%)
4% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 81
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
62% less call options, than puts
Call options by funds: $3.17M | Put options by funds: $8.35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$12.4M |
| 2 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$8.33M |
| 3 |
Jane Street
New York
|
+$4.41M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$3.21M |
| 5 |
Renaissance Technologies
New York
|
+$3.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$8.2M |
| 2 |
BlackRock
New York
|
-$5.27M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$2.25M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.84M |
| 5 |
Goldman Sachs
New York
|
-$1.64M |
ARI Hedge Fund Activity: Q1 2025 in Review
249 of the 7,476 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q1 2025, worth a combined $766M — up 13% from $676M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new ARI positions and 23 closed out — a net gain of 12 holders — while 84 added to existing stakes and 81 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $12.4M. The largest seller was Nomura Holdings, cutting an estimated $8.2M.
- 249 institutional investors held Apollo Commercial Real Estate (ARI) as of Q1 2025, up from 239 in Q4 2024.
- Funds reported $766M of Apollo Commercial Real Estate stock for Q1 2025, up 13% quarter-over-quarter.
- 35 funds opened new Apollo Commercial Real Estate positions in Q1 2025 and 23 closed out, a net change of +12 holders.
- The largest Apollo Commercial Real Estate buyer in Q1 2025 was Balyasny Asset Management, an estimated $12.4M added.
- The largest Apollo Commercial Real Estate seller in Q1 2025 was Nomura Holdings, an estimated $8.2M sold.
Based on aggregated 13F filings for Q1 2025.