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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
Quarry LP2,312$22.4K0.00%+1,433+163.0%Added
Nomura Asset Management Co Ltd2,100$20.3K0.00%00.0%Unchanged
Community Bank, N.A.2,000$19.4K0.00%00.0%Unchanged
Basecamp Wealth Advisors LLC1,773$17.2K0.00%+1,773New
Allworth Financial LP1,760$17.0K0.00%+747+73.7%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,753$17.0K0.00%+508+40.8%Added
Fourth Dimension Wealth, LLC1,400$13.6K0.00%00.0%Unchanged
Cypress Capital Management LLC (WY)1,233$11.9K0.01%−100−7.5%Reduced
Tradewinds Capital Management, LLC1,147$11.1K0.00%+27+2.4%Added
Salomon & Ludwin, LLC1,091$10.7K0.00%00.0%Unchanged
Umb Bank N A924$8.94K0.00%+167+22.1%Added
Byrne Asset Management LLC850$8.23K0.00%00.0%Unchanged
Los Angeles Capital Management LLC709$7.08K0.00%+709New
Sound Income Strategies, LLC691$7.02K0.00%+691New
Hantz Financial Services, Inc.740$7.00K0.00%+172+30.3%Added
Torren Management, LLC722$6.99K0.00%+722New
Huntington National Bank710$6.87K0.00%00.0%Unchanged
Garton & Associates Financial Advisors LLC708$6.85K0.00%+708New
Heritage Wealth Advisors700$6.78K0.00%00.0%Unchanged
Aster Capital Management (DIFC) Ltd633$6.13K0.00%+633New
Bessemer Group Inc666$6.00K0.00%−120−15.3%Reduced
Essential Partners LLC603$5.84K0.00%−212−26.0%Reduced
Federation des caisses Desjardins du Quebec600$5.81K0.00%00.0%Unchanged
Harbor Capital Advisors, Inc.479$5.00K0.00%−8−1.6%Reduced
Thompson Investment Management, Inc.500$4.84K0.00%00.0%Unchanged
IFP Advisors, Inc482$4.67K0.00%+176+57.5%Added
C M Bidwell & Associates Ltd459$4.44K0.00%+459New
SRS Capital Advisors, Inc.425$4.11K0.00%−7,856−94.9%Reduced
Assetmark, Inc411$3.98K0.00%+1+0.2%Added
NBC Securities, Inc.401$3.89K0.00%+9+2.3%Added
DV Equities, LLC390$3.77K0.00%+390New
Optiver Holding B.V.373$3.61K0.00%−454−54.9%Reduced
Fifth Third Bancorp339$3.28K0.00%+24+7.6%Added
Jones Financial Companies LLLP337$3.26K0.00%+300+810.8%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.298$2.94K0.00%00.0%Unchanged
Quadrant Capital Group LLC298$2.88K0.00%00.0%Unchanged
Bell Investment Advisors, Inc259$2.51K0.00%00.0%Unchanged
Harbour Investments, Inc.259$2.51K0.00%−5,100−95.2%Reduced
Rothschild Investment LLC243$2.35K0.00%−109−31.0%Reduced
Massmutual Trust Co FSB242$2.34K0.00%00.0%Unchanged
Geneos Wealth Management Inc.200$1.94K0.00%00.0%Unchanged
Parkside Financial Bank & Trust162$1.57K0.00%−54−25.0%Reduced
True Wealth Design, LLC158$1.53K0.00%−26−14.1%Reduced
Larson Financial Group LLC136$1.32K0.00%−525−79.4%Reduced
MAI Capital Management127$1.23K0.00%+127New
Ares Financial Consulting, LLC112$1.08K0.00%+112New
Farmers & Merchants Investments Inc97$9390.00%00.0%Unchanged
First Horizon Corp83$8030.00%00.0%Unchanged
Ronald Blue Trust, Inc.62$6000.00%00.0%Unchanged
Leonteq Securities AG58$5610.00%00.0%Unchanged
ORG Partners LLC47$4630.00%00.0%Unchanged
Financial Consulate, Inc46$4460.00%00.0%Unchanged
Ankerstar Wealth, LLC38$3770.00%+38New
CIBC Private Wealth Group, LLC32$3100.00%+32New
SJS Investment Consulting Inc.31$3010.00%+31New
Clearstead Advisors, LLC20$1940.00%−154−88.5%Reduced
Gilpin Wealth Management, LLC10$970.00%+10New
Sunbelt Securities, Inc.5$480.00%00.0%Unchanged
Dunhill Financial, LLC3$290.00%+3New
POM Investment Strategies, LLC1$100.00%+1New
Capital Advisors, Ltd. LLC35$00.00%00.0%Unchanged
Covestor Ltd11$00.00%00.0%Unchanged
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