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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, Q4 2025

Institutional positions in Apollo Commercial Real Estate Finance, Inc. as of Dec 31, 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
+5 vs. Q3 2025
Shares held
82.2M
+2.49M (+3.1%) vs. Q3 2025
Total value
$797.4M
−$11.6M (−1.4%) vs. Q3 2025
New holders
37
97 more added
Sold out
32
79 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 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 heldQ4 2025: $797.4M
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, Q4 2025

Shares, value and share of portfolio for each institution holding Apollo Commercial Real Estate Finance, Inc.; share changes are against Q3 2025.

Institutions holding ARI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Price T Rowe Associates Inc119,577$1.16M0.00%+6,181+5.5%Added
California State Teachers Retirement System121,983$1.18M0.00%−122−0.1%Reduced
Merit Financial Group, LLC127,429$1.23M0.01%+8,763+7.4%Added
Hennion & Walsh Asset Management, Inc.128,801$1.25M0.04%+81,862+174.4%Added
Intech Investment Management LLC129,266$1.25M0.01%+27,920+27.5%Added
Mackenzie Financial Corp126,747$1.25M0.00%+126,747New
Palogic Value Management, L.P.131,809$1.28M0.55%+876+0.7%Added
Prudential Financial Inc143,556$1.39M0.00%−291,899−67.0%Reduced
Norges Bank145,800$1.41M0.00%+145,800New
Am Investment Strategies LLC155,731$1.51M0.31%+3,768+2.5%Added
Wolverine Asset Management LLC178,634$1.73M0.02%00.0%Unchanged
Y-Intercept (Hong Kong) Ltd190,922$1.85M0.04%+121,906+176.6%Added
Alliancebernstein L.P.194,817$1.89M0.00%+23,600+13.8%Added
New York State Teachers Retirement System196,071$1.90M0.00%+10,874+5.9%Added
Wealth Enhancement Advisory Services, LLC211,459$2.07M0.00%+39,651+23.1%Added
Barclays PLC217,800$2.11M0.00%−319,492−59.5%Reduced
Prelude Capital Management, LLC225,000$2.18M0.16%00.0%Unchanged
New Age Alpha Advisors, LLC238,806$2.31M0.10%−12,117−4.8%Reduced
Purpose Unlimited Inc.247,178$2.39M0.11%+247,178New
Swiss National Bank260,239$2.52M0.00%+4,400+1.7%Added
Two Sigma Investments, LP263,151$2.55M0.00%−2,708−1.0%Reduced
BI Asset Management Fondsmaeglerselskab A/S279,761$2.71M0.02%00.0%Unchanged
Lighthouse Investment Partners, LLC290,695$2.81M0.09%−70,177−19.4%Reduced
AQR Capital Management LLC313,475$3.03M0.00%+43,774+16.2%Added
Carmel Capital Partners, LLC314,501$3.04M1.07%+89,887+40.0%Added
Wells Fargo & Company316,047$3.06M0.00%+47,147+17.5%Added
Ameriprise Financial Inc319,733$3.10M0.00%−16,991−5.0%Reduced
Legal & General Group Plc320,422$3.10M0.00%−21,162−6.2%Reduced
Bank of America Corp325,493$3.15M0.00%−94,963−22.6%Reduced
LPL Financial LLC353,273$3.42M0.00%+14,447+4.3%Added
Citadel Advisors LLC376,365$3.64M0.00%−358,093−48.8%Reduced
UBS Asset Management Americas Inc377,473$3.65M0.00%+376,143+28,281.4%Added
Rhumbline Advisers385,140$3.73M0.00%−19,438−4.8%Reduced
Nuveen, LLC388,530$3.76M0.00%−12,092−3.0%Reduced
Qube Research & Technologies Ltd402,916$3.90M0.01%+274,342+213.4%Added
Allianz Asset Management GmbH444,772$4.31M0.00%+139,793+45.8%Added
Public Sector Pension Investment Board452,674$4.38M0.01%−56,755−11.1%Reduced
Millennium Management LLC504,054$4.88M0.00%+485,203+2,573.9%Added
Balyasny Asset Management LLC517,928$5.01M0.01%+128,362+33.0%Added
Edgestream Partners, L.P.547,410$5.30M0.15%+83,950+18.1%Added
UBS Group AG555,132$5.37M0.00%+66,424+13.6%Added
Waterfall Asset Management, LLC569,000$5.56M2.99%+569,000New
Tudor Investment Corp Et Al584,800$5.66M0.03%+260,670+80.4%Added
Hotchkis & Wiley Capital Management LLC635,462$6.15M0.02%00.0%Unchanged
First Trust Advisors LP636,383$6.16M0.00%+557,850+710.3%Added
JPMorgan Chase & Co664,489$6.43M0.00%−25,414−3.7%Reduced
Apollo Management Holdings, L.P.665,573$6.44M0.06%00.0%Unchanged
Goldman Sachs Group Inc754,740$7.31M0.00%+108,984+16.9%Added
Cura Wealth Advisors, LLC823,233$7.97M3.02%−8,450−1.0%Reduced
Principal Financial Group Inc853,894$8.27M0.00%+79,740+10.3%Added
Bank of New York Mellon Corp938,224$9.08M0.00%−27,012−2.8%Reduced
Van Eck Associates Corp1,185,221$11.5M0.01%+151,926+14.7%Added
Invesco Ltd.1,244,477$12.0M0.00%+149,220+13.6%Added
Northern Trust Corp1,647,093$15.9M0.00%−100,921−5.8%Reduced
Morgan Stanley1,950,734$18.9M0.00%+350,933+21.9%Added
Charles Schwab Investment Management Inc2,203,408$21.3M0.00%−60,255−2.7%Reduced
Mirae Asset Global ETFs Holdings Ltd.2,209,428$21.4M0.03%+123,511+5.9%Added
Geode Capital Management, LLC3,167,013$30.7M0.00%+9,273+0.3%Added
No Street GP LP3,231,095$31.3M2.11%+231,095+7.7%Added
State Street Corp5,298,362$52.6M0.00%+56,377+1.1%Added
Vanguard Group Inc15,092,682$146.1M0.00%−116,180−0.8%Reduced
BlackRock, Inc.21,226,663$205.5M0.00%+211,233+1.0%Added
FJ Capital Management LLC0$00.00%−299,904−100.0%Sold out
LSV Asset Management0$00.00%−162,882−100.0%Sold out
Marshall Wace, LLP0$00.00%−144,562−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−111,562−100.0%Sold out
Atom Investors LP0$00.00%−89,998−100.0%Sold out
Bramshill Investments, LLC0$00.00%−69,986−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−42,282−100.0%Sold out
Renaissance Technologies LLC0$00.00%−32,540−100.0%Sold out
Capstone Investment Advisors, LLC0$00.00%−30,009−100.0%Sold out
Squarepoint Ops LLC0$00.00%−28,302−100.0%Sold out
Acadian Asset Management LLC0$00.00%−24,577−100.0%Sold out
Simplex Trading, LLC0$00.00%−24,342−100.0%Sold out
Quadrature Capital Ltd0$00.00%−17,920−100.0%Sold out
Teacher Retirement System of Texas0$00.00%−17,285−100.0%Sold out
Evergreen Capital Management LLC0$00.00%−15,689−100.0%Sold out
Entropy Technologies, LP0$00.00%−13,458−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−12,411−100.0%Sold out
Zacks Investment Management0$00.00%−12,408−100.0%Sold out
Keybank National Association0$00.00%−10,669−100.0%Sold out
Koshinski Asset Management, Inc.0$00.00%−10,621−100.0%Sold out
Advisory Services Network, LLC0$00.00%−10,373−100.0%Sold out
Hollencrest Capital Management0$00.00%−5,000−100.0%Sold out
Principal Securities, Inc.0$00.00%−4,506−100.0%Sold out
City Holding Co0$00.00%−2,000−100.0%Sold out
Future Financial Wealth Managment LLC0$00.00%−1,000−100.0%Sold out
PEAK6 LLC0$00.00%−549−100.0%Sold out
Groupe la Francaise0$00.00%−520−100.0%Sold out
Bokf, NA0$00.00%−395−100.0%Sold out
Halbert Hargrove Global Advisors, LLC0$00.00%−184−100.0%Sold out
Atlantic Trust, LLC0$00.00%−119−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−30−100.0%Sold out
Annis Gardner Whiting Capital Advisors, LLC0$00.00%−19−100.0%Sold out
MAS Advisors LLC––––Not filed
Chiron Capital Management, LLC––––Not filed
CIBC Bancorp USA Inc.––––Not filed
Shell Asset Management Co––––Not filed
Optimum Investment Advisors––––Not filed