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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, Q1 2026

Institutional positions in Apollo Commercial Real Estate Finance, Inc. as of Mar 31, 2026. 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
271
+17 vs. Q4 2025
Shares held
85.9M
+18.9M (+28.3%) vs. Q4 2025
Total value
$908.0M
+$258.6M (+39.8%) vs. Q4 2025
New holders
48
83 more added
Sold out
31
89 more reduced

8 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 271 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 heldQ1 2026: $908.0M
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, Q1 2026

Shares, value and share of portfolio for each institution holding Apollo Commercial Real Estate Finance, Inc.; share changes are against Q4 2025.

Institutions holding ARI in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.21,183,896$223.7M0.00%−42,767−0.2%Reduced
Vanguard Portfolio Management LLC7,936,417$83.8M0.00%+7,936,417New
Vanguard Capital Management LLC6,404,943$67.6M0.00%+6,404,943New
State Street Corp5,266,219$56.9M0.00%−32,143−0.6%Reduced
No Street GP LP3,350,000$35.4M2.36%+118,905+3.7%Added
Geode Capital Management, LLC3,324,652$35.1M0.00%+157,639+5.0%Added
Mirae Asset Global ETFs Holdings Ltd.2,744,906$29.0M0.04%+535,478+24.2%Added
Invesco Ltd.2,170,664$22.9M0.00%+926,187+74.4%Added
Charles Schwab Investment Management Inc2,157,978$22.8M0.00%−45,430−2.1%Reduced
Morgan Stanley1,780,963$18.8M0.00%−169,771−8.7%Reduced
Northern Trust Corp1,696,864$17.9M0.00%+49,771+3.0%Added
Millennium Management LLC1,286,506$13.6M0.01%+782,452+155.2%Added
Van Eck Associates Corp1,236,648$13.1M0.01%+51,427+4.3%Added
Bank of New York Mellon Corp930,396$9.82M0.00%−7,828−0.8%Reduced
Vanguard Fiduciary Trust Co889,864$9.40M0.00%+889,864New
Empyrean Capital Partners, LP883,751$9.33M0.31%+883,751New
First Trust Advisors LP782,514$8.26M0.01%+146,131+23.0%Added
UBS Group AG755,540$7.98M0.00%+200,408+36.1%Added
Azora Capital LP708,335$7.48M0.49%+708,335New
Apollo Management Holdings, L.P.665,573$7.03M0.12%00.0%Unchanged
JPMorgan Chase & Co651,535$6.87M0.00%−12,954−1.9%Reduced
Principal Financial Group Inc640,301$6.76M0.00%−213,593−25.0%Reduced
Hotchkis & Wiley Capital Management LLC613,662$6.48M0.02%−21,800−3.4%Reduced
Edgestream Partners, L.P.501,541$5.30M0.17%−45,869−8.4%Reduced
Public Sector Pension Investment Board469,417$4.96M0.02%+16,743+3.7%Added
Goldman Sachs Group Inc456,788$4.82M0.00%−297,952−39.5%Reduced
Readystate Asset Management LP450,770$4.76M0.28%+450,770New
Cura Wealth Advisors, LLC437,233$4.62M2.07%−386,000−46.9%Reduced
Rhumbline Advisers389,837$4.12M0.00%+4,697+1.2%Added
Bank of America Corp382,239$4.04M0.00%+56,746+17.4%Added
Nomura Holdings Inc368,083$3.89M0.03%+258,613+236.2%Added
XTX Topco Ltd361,761$3.82M0.07%+361,761New
Allianz Asset Management GmbH343,615$3.63M0.00%−101,157−22.7%Reduced
UBS Asset Management Americas Inc342,414$3.62M0.00%−35,059−9.3%Reduced
Susquehanna International Group, LLP337,406$3.56M0.00%+311,542+1,204.5%Added
Carmel Capital Partners, LLC336,262$3.55M1.28%+21,761+6.9%Added
Nuveen, LLC334,905$3.54M0.00%−53,625−13.8%Reduced
Renaissance Technologies LLC327,540$3.46M0.01%+327,540New
LPL Financial LLC325,854$3.44M0.00%−27,419−7.8%Reduced
AQR Capital Management LLC321,544$3.40M0.00%+8,069+2.6%Added
Legal & General Group Plc319,353$3.37M0.00%−1,069−0.3%Reduced
Ameriprise Financial Inc307,163$3.26M0.00%−12,570−3.9%Reduced
NewGen Asset Management Ltd305,670$3.23M1.96%+305,670New
Brevan Howard Capital Management LP304,972$3.18M0.03%+304,972New
Purpose Unlimited Inc.277,178$2.93M0.12%+30,000+12.1%Added
Balyasny Asset Management LLC276,134$2.92M0.01%−241,794−46.7%Reduced
BI Asset Management Fondsmaeglerselskab A/S264,070$2.79M0.03%−15,691−5.6%Reduced
Swiss National Bank260,239$2.75M0.00%00.0%Unchanged
PEAK6 LLC232,539$2.46M0.07%+232,539New
New Age Alpha Advisors, LLC230,070$2.43M0.11%−8,736−3.7%Reduced
Wells Fargo & Company219,307$2.32M0.00%−96,740−30.6%Reduced
Davidson Kempner Capital Management LP219,217$2.31M0.04%+219,217New
Prelude Capital Management, LLC200,000$2.11M0.16%−25,000−11.1%Reduced
One William Street Capital Management, L.P.200,000$2.11M4.06%+200,000New
Two Sigma Investments, LP199,270$2.10M0.00%−63,881−24.3%Reduced
New York State Teachers Retirement System180,619$1.91M0.00%−15,452−7.9%Reduced
Wolverine Asset Management LLC178,634$1.89M0.03%00.0%Unchanged
Alliancebernstein L.P.194,817$1.89M0.00%00.0%Unchanged
Alpine Global Management, LLC167,773$1.77M0.27%+167,773New
Family Management Corp159,283$1.68M0.20%+159,283New
Hennion & Walsh Asset Management, Inc.153,450$1.62M0.05%+24,649+19.1%Added
Jane Street Group, LLC153,192$1.62M0.00%+51,053+50.0%Added
Truvestments Capital LLC153,111$1.62M0.29%+153,111New
Price T Rowe Associates Inc148,176$1.56M0.00%+28,599+23.9%Added
California State Teachers Retirement System139,738$1.48M0.00%+17,755+14.6%Added
Prudential Financial Inc136,696$1.44M0.00%−6,860−4.8%Reduced
Wealth Enhancement Advisory Services, LLC128,375$1.36M0.00%−83,084−39.3%Reduced
Merit Financial Group, LLC128,997$1.36M0.01%+1,568+1.2%Added
Advisors Asset Management, Inc.125,781$1.33M0.02%+56,655+82.0%Added
AlphaCore Capital LLC120,377$1.30M0.03%+942+0.8%Added
Deutsche Bank AG121,416$1.28M0.00%+13,722+12.7%Added
Simplex Trading, LLC119,664$1.26M0.04%+119,664New
Penserra Capital Management LLC118,335$1.25M0.01%+3,336+2.9%Added
Novare Capital Management LLC114,175$1.21M0.10%+5,500+5.1%Added
Great West Life Assurance Co113,037$1.19M0.00%+4,472+4.1%Added
Thrivent Financial for Lutherans112,752$1.19M0.00%+4,139+3.8%Added
Skopos Labs, Inc.112,471$1.19M0.04%+112,471New
Vanguard Asset Management, Ltd112,036$1.18M0.00%+112,036New
Citadel Advisors LLC107,656$1.14M0.00%−268,709−71.4%Reduced
American Financial Group Inc105,154$1.11M0.41%00.0%Unchanged
Troluce Capital Advisors LLC104,800$1.11M0.12%+104,800New
Raymond James Financial Inc100,662$1.06M0.00%+10,468+11.6%Added
Victory Capital Management Inc99,069$1.05M0.00%−180.0%Reduced
Rockefeller Capital Management L.P.97,048$1.02M0.00%+73,450+311.3%Added
LDR Capital Management LLC95,131$1.00M1.35%+95,131New
Advisor Group Holdings, Inc.91,958$971.1K0.00%+16,939+22.6%Added
Kestra Advisory Services, LLC85,940$907.5K0.00%+4,514+5.5%Added
Lido Advisors, LLC75,724$818.6K0.00%−120.0%Reduced
MetLife Investment Management73,135$772.3K0.00%−2,177−2.9%Reduced
Samalin Investment Counsel, LLC72,259$763.0K0.27%−11,423−13.7%Reduced
Bank of Montreal71,989$760.2K0.00%+6,044+9.2%Added
PFG Investments, LLC71,830$758.5K0.04%+589+0.8%Added
Sophron Capital Management L.P.70,484$744.3K0.22%+70,484New
Illinois Municipal Retirement Fund65,824$695.1K0.01%−3,833−5.5%Reduced
Handelsbanken Fonder AB65,302$690.0K0.00%+11,500+21.4%Added
State of Alaska, Department of Revenue65,104$687.0K0.01%−1,399−2.1%Reduced
QRG Capital Management, Inc.64,026$676.1K0.01%+7,742+13.8%Added
Stifel Financial Corp63,448$670.0K0.00%+170+0.3%Added
Voloridge Investment Management, LLC62,895$664.2K0.00%+62,895New
Zurcher Kantonalbank (Zurich Cantonalbank)60,180$635.5K0.00%+15,169+33.7%Added