Apollo Commercial Real Estate Finance, Inc.

ARI

Exchange: NYSE
Industry: Real Estate Investment Trusts
SEC CIK: 0001467760

SEC filings (opens in a new tab)

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.

Q3 2025 vs. Q2 2025

How the institutions holding Apollo Commercial Real Estate Finance, Inc. changed between Q2 2025 and Q3 2025.

All holders in Q3 2025 All holders in Q2 2025

13F holders of ARI: Q2 2025 compared with Q3 2025
Measure	Q2 2025	Of which not filed for Q3 2025	Q3 2025	Change
Holders	253	4	262	+13
Shares	79.1M	150.7K	79.8M	+867.8K (+1.1%)
Value	$766.9M	$1.46M	$809.8M	+$44.3M (+5.8%)

4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (33)

Institutions that held Apollo Commercial Real Estate Finance, Inc. at the end of Q3 2025 but not at the end of Q2 2025.

Institutions new to ARI in Q3 2025
Institution	Shares	Value	% of portfolio
Carmel Capital Partners, LLC	224,614	$2.28M	0.96%
Qube Research & Technologies Ltd	128,574	$1.30M	0.00%
Caxton Associates LLP	73,909	$748.7K	0.02%
Hennion & Walsh Asset Management, Inc.	46,939	$475.5K	0.02%
Verition Fund Management LLC	35,929	$364.0K	0.00%
Renaissance Technologies LLC	32,540	$329.6K	0.00%
Capstone Investment Advisors, LLC	30,009	$304.0K	0.00%
Squarepoint Ops LLC	28,302	$286.7K	0.00%
Global Assets Advisory, LLC	26,633	$269.8K	0.08%
Acadian Asset Management LLC	24,577	$248.0K	0.00%
Cerity Partners LLC	22,621	$229.2K	0.00%
Longboard Asset Management, LP	21,927	$222.1K	0.36%
Quadrature Capital Ltd	17,920	$181.5K	0.00%
Evergreen Capital Management LLC	15,689	$162.9K	0.00%
CIBC Bancorp USA Inc.	14,897	$150.9K	0.00%
Rockefeller Capital Management L.P.	13,401	$135.8K	0.00%
Pathstone Holdings, LLC	13,207	$133.8K	0.00%
Zacks Investment Management	12,408	$125.7K	0.00%
Abel Hall, LLC	12,048	$122.0K	0.05%
Institute for Wealth Management, LLC.	11,893	$120.5K	0.01%
Franklin Resources Inc	11,197	$113.4K	0.00%
Mutual Advisors, LLC	10,036	$102.9K	0.00%
SRS Capital Advisors, Inc.	8,281	$83.9K	0.00%
Salomon & Ludwin, LLC	1,091	$11.2K	0.00%
Groupe la Francaise	520	$4.51K	0.00%
Quadrant Capital Group LLC	298	$3.02K	0.00%
Halbert Hargrove Global Advisors, LLC	184	$1.86K	0.00%
True Wealth Design, LLC	184	$1.86K	0.00%
Clearstead Advisors, LLC	174	$1.76K	0.00%
First Horizon Corp	83	$841	0.00%
Financial Consulate, Inc	46	$466	0.00%
Wealthspire Advisors, LLC	30	$304	0.00%
Sunbelt Securities, Inc.	5	$51	0.00%

Sold out (20)

Institutions that held Apollo Commercial Real Estate Finance, Inc. at the end of Q2 2025 and filed for Q3 2025 without it.

Institutions that sold out of ARI in Q3 2025
Institution	Shares, Q2 2025	Value, Q2 2025
AXS Investments LLC	172,425	$1.67M
Cubist Systematic Strategies, LLC	158,039	$1.53M
Lazard Asset Management LLC	141,417	$1.37M
Dark Forest Capital Management LP	108,254	$1.05M
Caption Management, LLC	96,213	$931.3K
Wolverine Trading, LLC	68,029	$667.4K
Engineers Gate Manager LP	45,880	$444.1K
Nomura Holdings Inc	45,043	$436.0K
Centiva Capital, LP	42,567	$412.0K
PharVision Advisers, LLC	17,519	$169.6K
HSBC Holdings PLC	17,400	$166.9K
Aigen Investment Management, LP	10,001	$96.8K
Mitsubishi UFJ Trust & Banking Corp	9,773	$94.6K
Arlington Trust Co LLC	2,300	$22.3K
Group One Trading, L.P.	1,434	$13.9K
Trust Co of Vermont	925	$8.95K
Skopos Labs, Inc.	824	$7.97K
Twin Peaks Wealth Advisors, LLC	279	$2.80K
West Branch Capital LLC	265	$2.57K
MAI Capital Management	50	$484

Not filed for Q3 2025 yet (4)

Institutions that held Apollo Commercial Real Estate Finance, Inc. at the end of Q2 2025 and haven't filed a 13F for Q3 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding ARI in Q2 2025 that haven't filed for Q3 2025
Institution	Shares, Q2 2025	Value, Q2 2025
Norges Bank	118,355	$1.15M
CIBC World Markets Corp	17,219	$166.7K
Avantax Advisory Services, Inc.	15,052	$145.7K
First Horizon Advisors, Inc.	83	$803