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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
Citigroup Inc45,883$464.8K0.00%−78,716−63.2%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)45,011$456.0K0.00%00.0%Unchanged
CWM Advisors, LLC44,921$455.1K0.04%+4,235+10.4%Added
Mariner, LLC44,185$447.6K0.00%+7,141+19.3%Added
SEI Investments Co43,047$436.1K0.00%+52+0.1%Added
Handelsbanken Fonder AB42,302$429.0K0.00%00.0%Unchanged
Fox Run Management, L.L.C.42,282$428.3K0.07%+10,468+32.9%Added
Yousif Capital Management, LLC40,395$409.2K0.00%−6,951−14.7%Reduced
Mercer Global Advisors Inc39,221$397.3K0.00%+741+1.9%Added
New York State Common Retirement Fund39,132$396.4K0.00%00.0%Unchanged
Arizona State Retirement System39,059$395.7K0.00%+558+1.4%Added
Police & Firemen's Retirement System of New Jersey38,669$391.7K0.00%+6,926+21.8%Added
Amalgamated Bank38,257$388.0K0.00%+1,182+3.2%Added
Guggenheim Capital LLC37,358$378.4K0.00%−2,272−5.7%Reduced
Russell Investments Group, Ltd.36,990$374.7K0.00%+36,535+8,029.7%Added
Teachers Retirement System of the State of Kentucky36,500$370.0K0.00%−5,378−12.8%Reduced
Verition Fund Management LLC35,929$364.0K0.00%+35,929New
KLP Kapitalforvaltning AS34,100$352.7K0.00%+9,200+36.9%Added
BNP Paribas Arbitrage, SA34,380$348.3K0.00%+19,932+138.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys33,262$336.9K0.00%+443+1.3%Added
Renaissance Technologies LLC32,540$329.6K0.00%+32,540New
H&H Retirement Design & Management INC33,233$324.0K0.17%00.0%Unchanged
Ensign Peak Advisors, Inc31,915$323.3K0.00%−54,800−63.2%Reduced
Quantinno Capital Management LP30,800$312.0K0.00%+11,862+62.6%Added
Capstone Investment Advisors, LLC30,009$304.0K0.00%+30,009New
HighTower Advisors, LLC29,434$298.2K0.00%+11,667+65.7%Added
Oregon Public Employees Retirement Fund29,415$298.0K0.00%+100+0.3%Added
The PNC Financial Services Group, Inc.29,102$294.8K0.00%−1,999−6.4%Reduced
Private Advisor Group, LLC28,592$289.6K0.00%+2,301+8.8%Added
Squarepoint Ops LLC28,302$286.7K0.00%+28,302New
Susquehanna International Group, LLP27,168$275.2K0.00%−182,380−87.0%Reduced
Global Assets Advisory, LLC26,633$269.8K0.08%+26,633New
Voya Investment Management LLC26,235$265.8K0.00%−14,286−35.3%Reduced
ProShare Advisors LLC26,167$265.1K0.00%−4,809−15.5%Reduced
STRS Ohio25,400$257.3K0.00%−1,300−4.9%Reduced
Commonwealth Equity Services, LLC24,838$252.0K0.00%−12,658−33.8%Reduced
Acadian Asset Management LLC24,577$248.0K0.00%+24,577New
Simplex Trading, LLC24,342$246.0K0.01%−171,637−87.6%Reduced
Global Retirement Partners, LLC23,684$239.9K0.01%+11,447+93.5%Added
Public Employees Retirement Association of Colorado23,479$238.0K0.00%00.0%Unchanged
Beacon Pointe Advisors, LLC23,038$233.4K0.00%+12,038+109.4%Added
Cerity Partners LLC22,621$229.2K0.00%+22,621New
Envestnet Asset Management Inc22,574$228.7K0.00%+3,246+16.8%Added
Longboard Asset Management, LP21,927$222.1K0.36%+21,927New
Nisa Investment Advisors, LLC20,182$210.7K0.00%−3,356−14.3%Reduced
Creative Planning19,162$194.1K0.00%+2,069+12.1%Added
Millennium Management LLC18,851$191.0K0.00%−17,226−47.7%Reduced
Maryland State Retirement & Pension System18,625$188.7K0.00%−18,658−50.0%Reduced
CWM, LLC17,922$182.0K0.00%+11,503+179.2%Added
Quadrature Capital Ltd17,920$181.5K0.00%+17,920New
Quest Partners LLC17,504$177.3K0.01%−8,001−31.4%Reduced
FMR LLC17,288$175.1K0.00%−3,315−16.1%Reduced
Teacher Retirement System of Texas17,285$175.1K0.00%−2,747−13.7%Reduced
Chiron Capital Management, LLC16,920$171.4K0.15%00.0%Unchanged
Motiv8 Investments LLC16,708$169.3K0.09%+520+3.2%Added
Evergreen Capital Management LLC15,689$162.9K0.00%+15,689New
CIBC Bancorp USA Inc.14,897$150.9K0.00%+14,897New
Mutual of America Capital Management LLC14,630$148.2K0.00%−1,791−10.9%Reduced
Diversify Wealth Management, LLC15,001$145.7K0.01%00.0%Unchanged
Pictet Asset Management Holding SA13,835$140.1K0.00%00.0%Unchanged
Entropy Technologies, LP13,458$136.3K0.01%−23,560−63.6%Reduced
Rockefeller Capital Management L.P.13,401$135.8K0.00%+13,401New
Jump Financial, LLC13,305$134.8K0.00%−5,626−29.7%Reduced
Pathstone Holdings, LLC13,207$133.8K0.00%+13,207New
CIBC Asset Management Inc12,660$128.2K0.00%00.0%Unchanged
State of Wisconsin Investment Board12,411$125.7K0.00%−36,249−74.5%Reduced
Zacks Investment Management12,408$125.7K0.00%+12,408New
Crossmark Global Holdings, Inc.12,370$125.3K0.00%00.0%Unchanged
Evoke Wealth, LLC11,988$124.4K0.00%+755+6.7%Added
Neuberger Berman Group LLC12,201$123.6K0.00%+469+4.0%Added
Abel Hall, LLC12,048$122.0K0.05%+12,048New
Institute for Wealth Management, LLC.11,893$120.5K0.01%+11,893New
HighPoint Advisor Group LLC11,856$120.1K0.01%−225−1.9%Reduced
Legacy Financial Strategies, LLC11,700$118.5K0.02%00.0%Unchanged
Ameritas Investment Partners, Inc.11,675$118.3K0.00%−2,441−17.3%Reduced
Independent Financial Group, LLC11,550$117.0K0.00%−2,300−16.6%Reduced
Accuvest Global Advisors11,216$114.0K0.07%+10.0%Added
Franklin Resources Inc11,197$113.4K0.00%+11,197New
Xponance, Inc.10,885$110.3K0.00%+104+1.0%Added
Bartlett & Co. Wealth Management LLC10,625$110.3K0.00%00.0%Unchanged
Anfield Capital Management, LLC10,862$110.0K0.03%00.0%Unchanged
Keybank National Association10,669$108.1K0.00%00.0%Unchanged
Koshinski Asset Management, Inc.10,621$107.6K0.01%+191+1.8%Added
Advisory Services Network, LLC10,373$105.1K0.00%00.0%Unchanged
Mutual Advisors, LLC10,036$102.9K0.00%+10,036New
EverSource Wealth Advisors, LLC8,346$84.5K0.00%+1,308+18.6%Added
SRS Capital Advisors, Inc.8,281$83.9K0.00%+8,281New
Resources Management Corp6,700$68.0K0.01%00.0%Unchanged
Smartleaf Asset Management LLC6,279$64.0K0.00%+533+9.3%Added
EMC Capital Management5,813$59.0K0.03%00.0%Unchanged
Harbour Investments, Inc.5,359$54.3K0.00%+259+5.1%Added
Tower Research Capital LLC (TRC)5,154$52.2K0.00%−9,257−64.2%Reduced
Sterling Capital Management LLC5,044$51.1K0.00%+2,969+143.1%Added
Hollencrest Capital Management5,000$50.6K0.00%00.0%Unchanged
Danske Bank A/S4,900$49.6K0.00%00.0%Unchanged
GWM Advisors LLC4,622$46.8K0.00%−9−0.2%Reduced
Principal Securities, Inc.4,506$45.6K0.00%00.0%Unchanged
Public Employees Retirement System of Ohio4,289$43.4K0.00%+73+1.7%Added
Signaturefd, LLC4,169$42.2K0.00%+110+2.7%Added
KBC Group NV4,107$42.0K0.00%00.0%Unchanged