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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
BlackRock
1
BlackRock
New York
$213M -$262K -25,663 -0.1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$154M -$509K -49,959 -0.3%
State Street
3
State Street
Massachusetts
$54.4M +$641K +62,872 +1%
Geode Capital Management
4
Geode Capital Management
Massachusetts
$32M +$194K +18,996 +0.6%
NSGL
5
No Street GP LP
California
$30.4M +$7.64M +750,000 +33%
Charles Schwab
6
Charles Schwab
California
$22.9M +$41.4K +4,059 +0.2%
Mirae Asset Global ETFs Holdings
7
Mirae Asset Global ETFs Holdings
Hong Kong
$21.1M +$1.37M +134,308 +7%
Northern Trust
8
Northern Trust
Illinois
$17.7M +$181K +17,797 +1%
Morgan Stanley
9
Morgan Stanley
New York
$16.2M -$1.12M -109,971 -6%
Invesco
10
Invesco
Georgia
$11.1M -$2M -195,815 -15%
VanEck Associates
11
VanEck Associates
New York
$10.5M +$352K +34,521 +3%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$9.78M -$661K -64,900 -6%
CWA
13
Cura Wealth Advisors
Illinois
$8.42M -$241K -23,617 -3%
Principal Financial Group
14
Principal Financial Group
Iowa
$7.84M +$1.42M +139,336 +22%
Citadel Advisors
15
Citadel Advisors
Florida
$7.44M -$2.6M -255,047 -26%
JP Morgan Chase
16
JP Morgan Chase
New York
$6.99M +$3.71M +364,098 +112%
AMH
17
Apollo Management Holdings
New York
$6.74M
Goldman Sachs
18
Goldman Sachs
New York
$6.54M +$3.91M +383,352 +146%
Hotchkis & Wiley Capital Management
19
Hotchkis & Wiley Capital Management
California
$6.44M -$433K -42,478 -6%
Victory Capital Management
20
Victory Capital Management
Texas
$6.02M +$617K +60,557 +11%
Barclays
21
Barclays
United Kingdom
$5.44M +$1.66M +162,993 +44%
Public Sector Pension Investment Board (PSP Investments)
22
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$5.16M +$757K +74,316 +17%
UBS Group
23
UBS Group
Switzerland
$4.95M +$2.48M +243,122 +99%
EP
24
Edgestream Partners
New Jersey
$4.69M -$881K -86,452 -16%
Prudential Financial
25
Prudential Financial
New Jersey
$4.41M +$2.09M +205,430 +89%

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.