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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
Rockefeller Capital Management L.P.13,401$135.8K0.00%+13,401New
Entropy Technologies, LP13,458$136.3K0.01%−23,560−63.6%Reduced
Pictet Asset Management Holding SA13,835$140.1K0.00%00.0%Unchanged
Diversify Wealth Management, LLC15,001$145.7K0.01%00.0%Unchanged
Mutual of America Capital Management LLC14,630$148.2K0.00%−1,791−10.9%Reduced
CIBC Bancorp USA Inc.14,897$150.9K0.00%+14,897New
Evergreen Capital Management LLC15,689$162.9K0.00%+15,689New
Motiv8 Investments LLC16,708$169.3K0.09%+520+3.2%Added
Chiron Capital Management, LLC16,920$171.4K0.15%00.0%Unchanged
Teacher Retirement System of Texas17,285$175.1K0.00%−2,747−13.7%Reduced
FMR LLC17,288$175.1K0.00%−3,315−16.1%Reduced
Quest Partners LLC17,504$177.3K0.01%−8,001−31.4%Reduced
Quadrature Capital Ltd17,920$181.5K0.00%+17,920New
CWM, LLC17,922$182.0K0.00%+11,503+179.2%Added
Maryland State Retirement & Pension System18,625$188.7K0.00%−18,658−50.0%Reduced
Millennium Management LLC18,851$191.0K0.00%−17,226−47.7%Reduced
Creative Planning19,162$194.1K0.00%+2,069+12.1%Added
Nisa Investment Advisors, LLC20,182$210.7K0.00%−3,356−14.3%Reduced
Longboard Asset Management, LP21,927$222.1K0.36%+21,927New
Envestnet Asset Management Inc22,574$228.7K0.00%+3,246+16.8%Added
Cerity Partners LLC22,621$229.2K0.00%+22,621New
Beacon Pointe Advisors, LLC23,038$233.4K0.00%+12,038+109.4%Added
Public Employees Retirement Association of Colorado23,479$238.0K0.00%00.0%Unchanged
Global Retirement Partners, LLC23,684$239.9K0.01%+11,447+93.5%Added
Simplex Trading, LLC24,342$246.0K0.01%−171,637−87.6%Reduced
Acadian Asset Management LLC24,577$248.0K0.00%+24,577New
Commonwealth Equity Services, LLC24,838$252.0K0.00%−12,658−33.8%Reduced
STRS Ohio25,400$257.3K0.00%−1,300−4.9%Reduced
ProShare Advisors LLC26,167$265.1K0.00%−4,809−15.5%Reduced
Voya Investment Management LLC26,235$265.8K0.00%−14,286−35.3%Reduced
Global Assets Advisory, LLC26,633$269.8K0.08%+26,633New
Susquehanna International Group, LLP27,168$275.2K0.00%−182,380−87.0%Reduced
Squarepoint Ops LLC28,302$286.7K0.00%+28,302New
Private Advisor Group, LLC28,592$289.6K0.00%+2,301+8.8%Added
The PNC Financial Services Group, Inc.29,102$294.8K0.00%−1,999−6.4%Reduced
Oregon Public Employees Retirement Fund29,415$298.0K0.00%+100+0.3%Added
HighTower Advisors, LLC29,434$298.2K0.00%+11,667+65.7%Added
Capstone Investment Advisors, LLC30,009$304.0K0.00%+30,009New
Quantinno Capital Management LP30,800$312.0K0.00%+11,862+62.6%Added
Ensign Peak Advisors, Inc31,915$323.3K0.00%−54,800−63.2%Reduced
H&H Retirement Design & Management INC33,233$324.0K0.17%00.0%Unchanged
Renaissance Technologies LLC32,540$329.6K0.00%+32,540New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys33,262$336.9K0.00%+443+1.3%Added
BNP Paribas Arbitrage, SA34,380$348.3K0.00%+19,932+138.0%Added
KLP Kapitalforvaltning AS34,100$352.7K0.00%+9,200+36.9%Added
Verition Fund Management LLC35,929$364.0K0.00%+35,929New
Teachers Retirement System of the State of Kentucky36,500$370.0K0.00%−5,378−12.8%Reduced
Russell Investments Group, Ltd.36,990$374.7K0.00%+36,535+8,029.7%Added
Guggenheim Capital LLC37,358$378.4K0.00%−2,272−5.7%Reduced
Amalgamated Bank38,257$388.0K0.00%+1,182+3.2%Added
Police & Firemen's Retirement System of New Jersey38,669$391.7K0.00%+6,926+21.8%Added
Arizona State Retirement System39,059$395.7K0.00%+558+1.4%Added
New York State Common Retirement Fund39,132$396.4K0.00%00.0%Unchanged
Mercer Global Advisors Inc39,221$397.3K0.00%+741+1.9%Added
Yousif Capital Management, LLC40,395$409.2K0.00%−6,951−14.7%Reduced
Fox Run Management, L.L.C.42,282$428.3K0.07%+10,468+32.9%Added
Handelsbanken Fonder AB42,302$429.0K0.00%00.0%Unchanged
SEI Investments Co43,047$436.1K0.00%+52+0.1%Added
Mariner, LLC44,185$447.6K0.00%+7,141+19.3%Added
CWM Advisors, LLC44,921$455.1K0.04%+4,235+10.4%Added
Zurcher Kantonalbank (Zurich Cantonalbank)45,011$456.0K0.00%00.0%Unchanged
Citigroup Inc45,883$464.8K0.00%−78,716−63.2%Reduced
MAS Advisors LLC45,912$465.1K0.74%+4,396+10.6%Added
Hennion & Walsh Asset Management, Inc.46,939$475.5K0.02%+46,939New
State of Wyoming48,984$496.2K0.06%+8,012+19.6%Added
QRG Capital Management, Inc.50,589$512.5K0.01%−27,862−35.5%Reduced
SG Americas Securities, LLC51,296$520.0K0.00%+20,278+65.4%Added
Royal Bank of Canada51,819$525.0K0.00%−10,232−16.5%Reduced
Ieq Capital, LLC53,375$540.7K0.00%+33,497+168.5%Added
State of Tennessee, Treasury Department54,451$551.6K0.00%−147−0.3%Reduced
Two Sigma Advisers, LP56,500$572.3K0.00%−41,200−42.2%Reduced
State Board of Administration of Florida Retirement System57,264$580.1K0.00%00.0%Unchanged
Stifel Financial Corp58,575$593.4K0.00%+5,745+10.9%Added
Janus Henderson Group PLC59,476$602.2K0.00%00.0%Unchanged
Triumph Capital Management59,535$603.1K0.16%+4,761+8.7%Added
Louisiana State Employees Retirement System60,000$607.8K0.01%+300+0.5%Added
Manufacturers Life Insurance Company, The63,070$638.9K0.00%−3,922−5.9%Reduced
Illinois Municipal Retirement Fund63,430$642.5K0.01%−3,471−5.2%Reduced
Bank of Montreal63,965$648.0K0.00%−6,155−8.8%Reduced
State of Alaska, Department of Revenue65,718$665.0K0.01%−10,432−13.7%Reduced
Winton Group Ltd66,700$675.7K0.03%+51,864+349.6%Added
PFG Investments, LLC68,354$692.4K0.04%+26,560+63.5%Added
Y-Intercept (Hong Kong) Ltd69,016$699.1K0.02%+36,809+114.3%Added
Cetera Investment Advisers69,554$704.6K0.00%+15,176+27.9%Added
Bramshill Investments, LLC69,986$709.0K0.05%−1,667−2.3%Reduced
Novare Capital Management LLC72,675$736.2K0.06%+21,925+43.2%Added
Caxton Associates LLP73,909$748.7K0.02%+73,909New
Cambridge Investment Research Advisors, Inc.76,090$771.0K0.00%+38,745+103.7%Added
Lido Advisors, LLC75,737$786.2K0.00%−89−0.1%Reduced
Advisor Group Holdings, Inc.74,860$787.4K0.00%+8,776+13.3%Added
First Trust Advisors LP78,533$795.5K0.00%−337−0.4%Reduced
MetLife Investment Management81,829$828.9K0.00%−1,634−2.0%Reduced
Samalin Investment Counsel, LLC81,931$830.0K0.29%+863+1.1%Added
Kestra Advisory Services, LLC86,107$872.3K0.00%−8,635−9.1%Reduced
Raymond James Financial Inc87,478$886.2K0.00%+4,754+5.7%Added
Atom Investors LP89,998$911.7K0.07%+78,425+677.7%Added
Thrivent Financial for Lutherans94,669$959.0K0.00%+230+0.2%Added
Intech Investment Management LLC101,346$1.03M0.01%−7,228−6.7%Reduced
Deutsche Bank AG103,004$1.04M0.00%+13,484+15.1%Added
American Financial Group Inc105,154$1.07M0.41%00.0%Unchanged