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Apollo Commercial Real Estate Finance, Inc.

ARI
Exchange
NYSE
Industry
Real Estate Investment Trusts
SEC CIK
0001467760

In the last 90 days, Apollo Commercial Real Estate Finance, Inc. insiders filed 0 open-market purchases and 1 sale; 285 institutions reported holding it in 13F filings for Q2 2026, worth $865.9M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Apollo Commercial Real Estate Finance, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
262
+13 vs. Q2 2025
Shares held
79.8M
+867.8K (+1.1%) vs. Q2 2025
Total value
$809.8M
+$44.3M (+5.8%) vs. Q2 2025
New holders
33
103 more added
Sold out
20
71 more reduced

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ARI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 262 institutions
Q1 2021: 225 institutionsQ2 2021: 218 institutionsQ3 2021: 209 institutionsQ4 2021: 228 institutionsQ1 2022: 231 institutionsQ2 2022: 232 institutionsQ3 2022: 228 institutionsQ4 2022: 251 institutionsQ1 2023: 248 institutionsQ2 2023: 240 institutionsQ3 2023: 228 institutionsQ4 2023: 233 institutionsQ1 2024: 237 institutionsQ2 2024: 231 institutionsQ3 2024: 240 institutionsQ4 2024: 239 institutionsQ1 2025: 249 institutionsQ2 2025: 253 institutionsQ3 2025: 262 institutionsQ4 2025: 262 institutionsQ1 2026: 271 institutionsQ2 2026: 285 institutions
Value heldQ3 2025: $809.8M
Q1 2021: $1.21BQ2 2021: $1.34BQ3 2021: $1.23BQ4 2021: $1.07BQ1 2022: $1.13BQ2 2022: $821.4MQ3 2022: $651.3MQ4 2022: $846.0MQ1 2023: $747.5MQ2 2023: $875.2MQ3 2023: $771.0MQ4 2023: $909.5MQ1 2024: $853.9MQ2 2024: $755.5MQ3 2024: $700.0MQ4 2024: $675.8MQ1 2025: $766.2MQ2 2025: $766.9MQ3 2025: $809.8MQ4 2025: $797.4MQ1 2026: $908.0MQ2 2026: $865.9M
Institutions holding ARI and their total value by quarter
QuarterHoldersValue
Q2 2026285$865.9M
Q1 2026271$908.0M
Q4 2025262$797.4M
Q3 2025262$809.8M
Q2 2025253$766.9M
Q1 2025249$766.2M
Q4 2024239$675.8M
Q3 2024240$700.0M
Q2 2024231$755.5M
Q1 2024237$853.9M
Q4 2023233$909.5M
Q3 2023228$771.0M
Q2 2023240$875.2M
Q1 2023248$747.5M
Q4 2022251$846.0M
Q3 2022228$651.3M
Q2 2022232$821.4M
Q1 2022231$1.13B
Q4 2021228$1.07B
Q3 2021209$1.23B
Q2 2021218$1.34B
Q1 2021225$1.21B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Apollo Commercial Real Estate Finance, Inc.; share changes are against Q2 2025.

Institutions holding ARI in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.21,015,430$212.9M0.00%−25,663−0.1%Reduced
Vanguard Group Inc15,208,862$154.1M0.00%−49,959−0.3%Reduced
State Street Corp5,241,985$54.4M0.00%+62,872+1.2%Added
Geode Capital Management, LLC3,157,740$32.0M0.00%+18,996+0.6%Added
No Street GP LP3,000,000$30.4M2.02%+750,000+33.3%Added
Charles Schwab Investment Management Inc2,263,663$22.9M0.00%+4,059+0.2%Added
Mirae Asset Global ETFs Holdings Ltd.2,085,917$21.1M0.03%+134,308+6.9%Added
Northern Trust Corp1,748,014$17.7M0.00%+17,797+1.0%Added
Morgan Stanley1,599,801$16.2M0.00%−109,971−6.4%Reduced
Invesco Ltd.1,095,257$11.1M0.00%−195,815−15.2%Reduced
Van Eck Associates Corp1,033,295$10.5M0.01%+34,521+3.5%Added
Bank of New York Mellon Corp965,236$9.78M0.00%−64,900−6.3%Reduced
Cura Wealth Advisors, LLC831,683$8.42M3.24%−23,617−2.8%Reduced
Principal Financial Group Inc774,154$7.84M0.00%+139,336+21.9%Added
Citadel Advisors LLC734,458$7.44M0.01%−255,047−25.8%Reduced
JPMorgan Chase & Co689,903$6.99M0.00%+364,098+111.8%Added
Apollo Management Holdings, L.P.665,573$6.74M0.10%00.0%Unchanged
Goldman Sachs Group Inc645,756$6.54M0.00%+383,352+146.1%Added
Hotchkis & Wiley Capital Management LLC635,462$6.44M0.02%−42,478−6.3%Reduced
Victory Capital Management Inc594,686$6.02M0.00%+60,557+11.3%Added
Barclays PLC537,292$5.44M0.00%+162,993+43.5%Added
Public Sector Pension Investment Board509,429$5.16M0.02%+74,316+17.1%Added
UBS Group AG488,708$4.95M0.00%+243,122+99.0%Added
Edgestream Partners, L.P.463,460$4.69M0.14%−86,452−15.7%Reduced
Prudential Financial Inc435,455$4.41M0.01%+205,430+89.3%Added
Bank of America Corp420,456$4.26M0.00%−135,991−24.4%Reduced
Rhumbline Advisers404,578$4.10M0.00%−638−0.2%Reduced
Nuveen, LLC400,622$4.06M0.00%−152,135−27.5%Reduced
Balyasny Asset Management LLC389,566$3.95M0.01%+57,708+17.4%Added
Lighthouse Investment Partners, LLC360,872$3.66M0.13%+285,369+378.0%Added
Legal & General Group Plc341,584$3.46M0.00%−16,723−4.7%Reduced
LPL Financial LLC338,826$3.43M0.00%−311−0.1%Reduced
Ameriprise Financial Inc336,724$3.42M0.00%−53,727−13.8%Reduced
Tudor Investment Corp Et Al324,130$3.28M0.02%−2,645−0.8%Reduced
Allianz Asset Management GmbH304,979$3.09M0.00%+164,740+117.5%Added
FJ Capital Management LLC299,904$3.04M0.33%+134,587+81.4%Added
Advisors Asset Management, Inc.290,720$2.94M0.05%−174,317−37.5%Reduced
BI Asset Management Fondsmaeglerselskab A/S279,761$2.83M0.03%00.0%Unchanged
AQR Capital Management LLC269,701$2.73M0.00%+165,197+158.1%Added
Wells Fargo & Company268,900$2.72M0.00%+15,391+6.1%Added
Two Sigma Investments, LP265,859$2.69M0.00%+8,632+3.4%Added
Swiss National Bank255,839$2.59M0.00%+3,800+1.5%Added
New Age Alpha Advisors, LLC250,923$2.54M0.11%−6,004−2.3%Reduced
Prelude Capital Management, LLC225,000$2.28M0.18%00.0%Unchanged
Carmel Capital Partners, LLC224,614$2.28M0.96%+224,614New
New York State Teachers Retirement System185,197$1.88M0.00%00.0%Unchanged
Wolverine Asset Management LLC178,634$1.81M0.03%00.0%Unchanged
Alliancebernstein L.P.171,217$1.73M0.00%−23,500−12.1%Reduced
Wealth Enhancement Advisory Services, LLC171,808$1.72M0.00%+122,970+251.8%Added
LSV Asset Management162,882$1.65M0.00%−26,800−14.1%Reduced
Am Investment Strategies LLC151,963$1.54M0.33%+3,715+2.5%Added
Marshall Wace, LLP144,562$1.46M0.00%−311,251−68.3%Reduced
Palogic Value Management, L.P.130,933$1.33M0.56%+3,087+2.4%Added
Qube Research & Technologies Ltd128,574$1.30M0.00%+128,574New
AlphaCore Capital LLC124,232$1.29M0.04%−3,915−3.1%Reduced
Jane Street Group, LLC124,695$1.26M0.00%+100,154+408.1%Added
California State Teachers Retirement System122,105$1.24M0.00%+70.0%Added
Merit Financial Group, LLC118,666$1.20M0.01%+2,033+1.7%Added
Price T Rowe Associates Inc113,396$1.15M0.00%+5,290+4.9%Added
D. E. Shaw & Co., Inc.111,562$1.13M0.00%−105,108−48.5%Reduced
Penserra Capital Management LLC110,246$1.12M0.01%+3,736+3.5%Added
Great West Life Assurance Co108,565$1.10M0.00%+939+0.9%Added
American Financial Group Inc105,154$1.07M0.41%00.0%Unchanged
Deutsche Bank AG103,004$1.04M0.00%+13,484+15.1%Added
Intech Investment Management LLC101,346$1.03M0.01%−7,228−6.7%Reduced
Thrivent Financial for Lutherans94,669$959.0K0.00%+230+0.2%Added
Atom Investors LP89,998$911.7K0.07%+78,425+677.7%Added
Raymond James Financial Inc87,478$886.2K0.00%+4,754+5.7%Added
Kestra Advisory Services, LLC86,107$872.3K0.00%−8,635−9.1%Reduced
Samalin Investment Counsel, LLC81,931$830.0K0.29%+863+1.1%Added
MetLife Investment Management81,829$828.9K0.00%−1,634−2.0%Reduced
First Trust Advisors LP78,533$795.5K0.00%−337−0.4%Reduced
Advisor Group Holdings, Inc.74,860$787.4K0.00%+8,776+13.3%Added
Lido Advisors, LLC75,737$786.2K0.00%−89−0.1%Reduced
Cambridge Investment Research Advisors, Inc.76,090$771.0K0.00%+38,745+103.7%Added
Caxton Associates LLP73,909$748.7K0.02%+73,909New
Novare Capital Management LLC72,675$736.2K0.06%+21,925+43.2%Added
Bramshill Investments, LLC69,986$709.0K0.05%−1,667−2.3%Reduced
Cetera Investment Advisers69,554$704.6K0.00%+15,176+27.9%Added
Y-Intercept (Hong Kong) Ltd69,016$699.1K0.02%+36,809+114.3%Added
PFG Investments, LLC68,354$692.4K0.04%+26,560+63.5%Added
Winton Group Ltd66,700$675.7K0.03%+51,864+349.6%Added
State of Alaska, Department of Revenue65,718$665.0K0.01%−10,432−13.7%Reduced
Bank of Montreal63,965$648.0K0.00%−6,155−8.8%Reduced
Illinois Municipal Retirement Fund63,430$642.5K0.01%−3,471−5.2%Reduced
Manufacturers Life Insurance Company, The63,070$638.9K0.00%−3,922−5.9%Reduced
Louisiana State Employees Retirement System60,000$607.8K0.01%+300+0.5%Added
Triumph Capital Management59,535$603.1K0.16%+4,761+8.7%Added
Janus Henderson Group PLC59,476$602.2K0.00%00.0%Unchanged
Stifel Financial Corp58,575$593.4K0.00%+5,745+10.9%Added
State Board of Administration of Florida Retirement System57,264$580.1K0.00%00.0%Unchanged
Two Sigma Advisers, LP56,500$572.3K0.00%−41,200−42.2%Reduced
State of Tennessee, Treasury Department54,451$551.6K0.00%−147−0.3%Reduced
Ieq Capital, LLC53,375$540.7K0.00%+33,497+168.5%Added
Royal Bank of Canada51,819$525.0K0.00%−10,232−16.5%Reduced
SG Americas Securities, LLC51,296$520.0K0.00%+20,278+65.4%Added
QRG Capital Management, Inc.50,589$512.5K0.01%−27,862−35.5%Reduced
State of Wyoming48,984$496.2K0.06%+8,012+19.6%Added
Hennion & Walsh Asset Management, Inc.46,939$475.5K0.02%+46,939New
MAS Advisors LLC45,912$465.1K0.74%+4,396+10.6%Added