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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
Great West Life Assurance Co108,565$1.10M0.00%+939+0.9%Added
Penserra Capital Management LLC110,246$1.12M0.01%+3,736+3.5%Added
D. E. Shaw & Co., Inc.111,562$1.13M0.00%−105,108−48.5%Reduced
Price T Rowe Associates Inc113,396$1.15M0.00%+5,290+4.9%Added
Merit Financial Group, LLC118,666$1.20M0.01%+2,033+1.7%Added
California State Teachers Retirement System122,105$1.24M0.00%+70.0%Added
Jane Street Group, LLC124,695$1.26M0.00%+100,154+408.1%Added
AlphaCore Capital LLC124,232$1.29M0.04%−3,915−3.1%Reduced
Qube Research & Technologies Ltd128,574$1.30M0.00%+128,574New
Palogic Value Management, L.P.130,933$1.33M0.56%+3,087+2.4%Added
Marshall Wace, LLP144,562$1.46M0.00%−311,251−68.3%Reduced
Am Investment Strategies LLC151,963$1.54M0.33%+3,715+2.5%Added
LSV Asset Management162,882$1.65M0.00%−26,800−14.1%Reduced
Wealth Enhancement Advisory Services, LLC171,808$1.72M0.00%+122,970+251.8%Added
Alliancebernstein L.P.171,217$1.73M0.00%−23,500−12.1%Reduced
Wolverine Asset Management LLC178,634$1.81M0.03%00.0%Unchanged
New York State Teachers Retirement System185,197$1.88M0.00%00.0%Unchanged
Carmel Capital Partners, LLC224,614$2.28M0.96%+224,614New
Prelude Capital Management, LLC225,000$2.28M0.18%00.0%Unchanged
New Age Alpha Advisors, LLC250,923$2.54M0.11%−6,004−2.3%Reduced
Swiss National Bank255,839$2.59M0.00%+3,800+1.5%Added
Two Sigma Investments, LP265,859$2.69M0.00%+8,632+3.4%Added
Wells Fargo & Company268,900$2.72M0.00%+15,391+6.1%Added
AQR Capital Management LLC269,701$2.73M0.00%+165,197+158.1%Added
BI Asset Management Fondsmaeglerselskab A/S279,761$2.83M0.03%00.0%Unchanged
Advisors Asset Management, Inc.290,720$2.94M0.05%−174,317−37.5%Reduced
FJ Capital Management LLC299,904$3.04M0.33%+134,587+81.4%Added
Allianz Asset Management GmbH304,979$3.09M0.00%+164,740+117.5%Added
Tudor Investment Corp Et Al324,130$3.28M0.02%−2,645−0.8%Reduced
Ameriprise Financial Inc336,724$3.42M0.00%−53,727−13.8%Reduced
LPL Financial LLC338,826$3.43M0.00%−311−0.1%Reduced
Legal & General Group Plc341,584$3.46M0.00%−16,723−4.7%Reduced
Lighthouse Investment Partners, LLC360,872$3.66M0.13%+285,369+378.0%Added
Balyasny Asset Management LLC389,566$3.95M0.01%+57,708+17.4%Added
Nuveen, LLC400,622$4.06M0.00%−152,135−27.5%Reduced
Rhumbline Advisers404,578$4.10M0.00%−638−0.2%Reduced
Bank of America Corp420,456$4.26M0.00%−135,991−24.4%Reduced
Prudential Financial Inc435,455$4.41M0.01%+205,430+89.3%Added
Edgestream Partners, L.P.463,460$4.69M0.14%−86,452−15.7%Reduced
UBS Group AG488,708$4.95M0.00%+243,122+99.0%Added
Public Sector Pension Investment Board509,429$5.16M0.02%+74,316+17.1%Added
Barclays PLC537,292$5.44M0.00%+162,993+43.5%Added
Victory Capital Management Inc594,686$6.02M0.00%+60,557+11.3%Added
Hotchkis & Wiley Capital Management LLC635,462$6.44M0.02%−42,478−6.3%Reduced
Goldman Sachs Group Inc645,756$6.54M0.00%+383,352+146.1%Added
Apollo Management Holdings, L.P.665,573$6.74M0.10%00.0%Unchanged
JPMorgan Chase & Co689,903$6.99M0.00%+364,098+111.8%Added
Citadel Advisors LLC734,458$7.44M0.01%−255,047−25.8%Reduced
Principal Financial Group Inc774,154$7.84M0.00%+139,336+21.9%Added
Cura Wealth Advisors, LLC831,683$8.42M3.24%−23,617−2.8%Reduced
Bank of New York Mellon Corp965,236$9.78M0.00%−64,900−6.3%Reduced
Van Eck Associates Corp1,033,295$10.5M0.01%+34,521+3.5%Added
Invesco Ltd.1,095,257$11.1M0.00%−195,815−15.2%Reduced
Morgan Stanley1,599,801$16.2M0.00%−109,971−6.4%Reduced
Northern Trust Corp1,748,014$17.7M0.00%+17,797+1.0%Added
Mirae Asset Global ETFs Holdings Ltd.2,085,917$21.1M0.03%+134,308+6.9%Added
Charles Schwab Investment Management Inc2,263,663$22.9M0.00%+4,059+0.2%Added
No Street GP LP3,000,000$30.4M2.02%+750,000+33.3%Added
Geode Capital Management, LLC3,157,740$32.0M0.00%+18,996+0.6%Added
State Street Corp5,241,985$54.4M0.00%+62,872+1.2%Added
Vanguard Group Inc15,208,862$154.1M0.00%−49,959−0.3%Reduced
BlackRock, Inc.21,015,430$212.9M0.00%−25,663−0.1%Reduced
AXS Investments LLC0$00.00%−172,425−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−158,039−100.0%Sold out
Lazard Asset Management LLC0$00.00%−141,417−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−108,254−100.0%Sold out
Caption Management, LLC0$00.00%−96,213−100.0%Sold out
Wolverine Trading, LLC0$00.00%−68,029−100.0%Sold out
Engineers Gate Manager LP0$00.00%−45,880−100.0%Sold out
Nomura Holdings Inc0$00.00%−45,043−100.0%Sold out
Centiva Capital, LP0$00.00%−42,567−100.0%Sold out
PharVision Advisers, LLC0$00.00%−17,519−100.0%Sold out
HSBC Holdings PLC0$00.00%−17,400−100.0%Sold out
Aigen Investment Management, LP0$00.00%−10,001−100.0%Sold out
Mitsubishi UFJ Trust & Banking Corp0$00.00%−9,773−100.0%Sold out
Arlington Trust Co LLC0$00.00%−2,300−100.0%Sold out
Group One Trading, L.P.0$00.00%−1,434−100.0%Sold out
Trust Co of Vermont0$00.00%−925−100.0%Sold out
Skopos Labs, Inc.0$00.00%−824−100.0%Sold out
Twin Peaks Wealth Advisors, LLC0$00.00%−279−100.0%Sold out
West Branch Capital LLC0$00.00%−265−100.0%Sold out
MAI Capital Management0$00.00%−50−100.0%Sold out
Norges Bank––––Not filed
CIBC World Markets Corp––––Not filed
Avantax Advisory Services, Inc.––––Not filed
First Horizon Advisors, Inc.––––Not filed