Apollo Commercial Real Estate
ARI
285 hedge funds and large institutions have $866M invested in Apollo Commercial Real Estate in 2026 Q2 according to their latest regulatory filings, with 66 funds opening new positions, 78 increasing their positions, 84 reducing their positions, and 47 closing their positions.
40% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 47
5% more funds holding
Funds holding: 271 → 285 (+14)
0.41% more ownership
Funds ownership: 61.51% → 61.93% (+0.41%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less capital invested
Capital invested by funds: $908M → $866M (-$42.1M)
7% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 84
60% less call options, than puts
Call options by funds: $10.3M | Put options by funds: $26.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$35.7M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
+$20.9M |
| 3 |
Jane Street
New York
|
+$18.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$17.9M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$101M |
| 2 |
State Street
Boston,
Massachusetts
|
-$21.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$20.2M |
| 4 |
Vanguard Portfolio Management
Malvern,
Pennsylvania
|
-$20.1M |
| 5 |
NSGL
No Street GP LP
San Francisco,
California
|
-$9.9M |
ARI Hedge Fund Activity: Q2 2026 in Review
285 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in Apollo Commercial Real Estate (ARI) for Q2 2026, worth a combined $866M — down 4.6% from $908M a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new ARI positions and 47 closed out — a net gain of 19 holders — while 78 added to existing stakes and 84 trimmed.
The largest buyer was Millennium Management, adding an estimated $35.7M. The largest seller was BlackRock, cutting an estimated $101M.
- 285 institutional investors held Apollo Commercial Real Estate (ARI) as of Q2 2026, up from 271 in Q1 2026.
- Funds reported $866M of Apollo Commercial Real Estate stock for Q2 2026, down 4.6% quarter-over-quarter.
- 66 funds opened new Apollo Commercial Real Estate positions in Q2 2026 and 47 closed out, a net change of +19 holders.
- The largest Apollo Commercial Real Estate buyer in Q2 2026 was Millennium Management, an estimated $35.7M added.
- The largest Apollo Commercial Real Estate seller in Q2 2026 was BlackRock, an estimated $101M sold.
Based on aggregated 13F filings for Q2 2026.