Apollo Commercial Real Estate Finance, Inc. (ARI) — Institutional Holders, Q2 2026

285 institutional investment managers reported a ARI position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $864.3M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← ARI stock profile

ARI in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

Trimmed

Sold out

Biggest buyers

MILLENNIUM MANAGEMENTAdded · +3,277,403 sh+$35.0M
Schonfeld Strategic AdvisorsNew · +1,917,086 sh+$20.5M
JANE STREET GROUPAdded · +1,666,138 sh+$17.8M
Qube Research & Technologies LtdNew · +1,644,857 sh+$17.6M
SUSQUEHANNA INTERNATIONAL GROUP, LLPAdded · +1,277,540 sh+$13.6M

Biggest sellers

BlackRockTrimmed · -9,254,061 sh-$98.8M
STATE STREETTrimmed · -1,934,220 sh-$20.7M
Invesco Ltd.Trimmed · -1,856,600 sh-$19.8M
VANGUARD PORTFOLIO MANAGEMENTTrimmed · -1,847,716 sh-$19.7M
No Street GPTrimmed · -909,100 sh-$9.7M

ARI 13F holders ranked 1–100 of 285

Institutional investors reporting a position in Apollo Commercial Real Estate Finance, Inc. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 11,929,835 sh	11,929,835	$127.4M	<0.01%	-43.7%
2	VANGUARD PORTFOLIO MANAGEMENT#2 · 6,088,701 sh	6,088,701	$65.0M	<0.01%	-23.3%
3	VANGUARD CAPITAL MANAGEMENT#3 · 6,025,495 sh	6,025,495	$64.4M	<0.01%	-5.9%
4	MILLENNIUM MANAGEMENT#4 · 4,563,909 sh	4,563,909	$48.7M	0.02%	+254.8%
5	GEODE CAPITAL MANAGEMENT#5 · 3,383,089 sh	3,383,089	$36.1M	<0.01%	+1.8%
6	STATE STREET#6 · 3,331,999 sh	3,331,999	$35.6M	<0.01%	-36.7%
7	MIRAE ASSET GLOBAL ETFS Ltd.#7 · 2,834,255 sh	2,834,255	$30.3M	0.04%	+3.3%
8	No Street GP#8 · 2,440,900 sh	2,440,900	$26.1M	1.57%	-27.1%
9	CHARLES SCHWAB INVESTMENT MANAGEMENT#9 · 2,035,950 sh	2,035,950	$21.7M	<0.01%	-5.7%
10	Schonfeld Strategic Advisors#10 · 1,917,086 sh	1,917,086	$20.5M	0.07%	New
11	JANE STREET GROUP#11 · 1,819,330 sh	1,819,330	$19.4M	<0.01%	+1087.6%
12	NORTHERN#12 · 1,657,726 sh	1,657,726	$17.7M	<0.01%	-2.3%
13	Qube Research & Technologies Ltd#13 · 1,644,857 sh	1,644,857	$17.6M	0.02%	New
14	SUSQUEHANNA INTERNATIONAL GROUP, LLP#14 · 1,614,946 sh	1,614,946	$17.2M	<0.01%	+378.6%
15	MORGAN STANLEY#15 · 1,566,768 sh	1,566,768	$16.7M	<0.01%	-12.0%
16	Nuveen#16 · 1,221,853 sh	1,221,853	$13.0M	<0.01%	+264.8%
17	GOLDMAN SACHS GROUP#17 · 1,122,279 sh	1,122,279	$12.0M	<0.01%	+145.7%
18	VAN ECK ASSOCIATES#18 · 1,086,119 sh	1,086,119	$11.6M	<0.01%	-12.2%
19	Alpine Global Management#19 · 901,968 sh	901,968	$9.6M	1.57%	+437.6%
20	Empyrean Capital Partners#20 · 883,751 sh	883,751	$9.4M	0.31%	0.0%
21	Greenland Capital Management#21 · 865,000 sh	865,000	$9.2M	1.14%	New
22	VANGUARD FIDUCIARY#22 · 834,783 sh	834,783	$8.9M	<0.01%	-6.2%
23	CITADEL ADVISORS#23 · 822,385 sh	822,385	$8.8M	<0.01%	+663.9%
24	FIRST ADVISORS#24 · 783,805 sh	783,805	$8.4M	<0.01%	+0.2%
25	Apollo Management , L.P.#25 · 665,573 sh	665,573	$7.1M	0.08%	0.0%
26	HOTCHKIS & WILEY CAPITAL MANAGEMENT#26 · 644,232 sh	644,232	$6.9M	0.02%	+5.0%
27	NewGen Asset Management Ltd#27 · 637,325 sh	637,325	$6.8M	2.80%	+108.5%
28	Bank of New York Mellon#28 · 633,602 sh	633,602	$6.8M	<0.01%	-31.9%
29	Azora Capital#29 · 629,909 sh	629,909	$6.7M	0.28%	-11.1%
30	Brevan Howard Capital Management#30 · 614,316 sh	614,316	$6.6M	0.05%	+101.4%
31	Squarepoint Ops#31 · 550,556 sh	550,556	$5.9M	<0.01%	New
32	WELLS FARGO & COMPANY#32 · 489,217 sh	489,217	$5.2M	<0.01%	+123.1%
33	UBS Group AG#33 · 466,467 sh	466,467	$5.0M	<0.01%	-38.3%
34	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#34 · 428,486 sh	428,486	$4.6M	<0.01%	New
35	JPMORGAN CHASE#35 · 427,430 sh	427,430	$4.6M	<0.01%	-34.4%
36	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#36 · 411,379 sh	411,379	$4.4M	<0.01%	+20.1%
37	Shay Capital#37 · 396,277 sh	396,277	$4.2M	0.27%	New
38	Edgestream Partners, L.P.#38 · 394,035 sh	394,035	$4.2M	0.13%	-21.4%
39	Allianz Asset Management GmbH#39 · 388,581 sh	388,581	$4.2M	<0.01%	+13.1%
40	TWO SIGMA INVESTMENTS#40 · 382,924 sh	382,924	$4.1M	<0.01%	+92.2%
41	XTX Topco Ltd#41 · 356,306 sh	356,306	$3.8M	0.05%	-1.5%
42	AQR CAPITAL MANAGEMENT#42 · 352,161 sh	352,161	$3.8M	<0.01%	+9.5%
43	BANK OF AMERICA#43 · 342,116 sh	342,116	$3.7M	<0.01%	-10.5%
44	Invesco Ltd.#44 · 314,064 sh	314,064	$3.4M	<0.01%	-85.5%
45	LPL Financial#45 · 287,236 sh	287,236	$3.1M	<0.01%	-11.9%
46	Carmel Capital Partners#46 · 278,434 sh	278,434	$3.0M	0.98%	-17.2%
47	CURA WEALTH ADVISORS#47 · 275,833 sh	275,833	$2.9M	1.26%	-36.9%
48	Swiss National Bank#48 · 258,739 sh	258,739	$2.8M	<0.01%	-0.6%
49	PRELUDE CAPITAL MANAGEMENT#49 · 233,100 sh	233,100	$2.5M	0.18%	+16.6%
50	TUDOR INVESTMENT ET AL#50 · 212,399 sh	212,399	$2.3M	<0.01%	New
51	Advisors Asset Management#51 · 202,204 sh	202,204	$2.2M	0.03%	+60.8%
52	One William Street Capital Management, L.P.#52 · 200,000 sh	200,000	$2.1M	0.88%	0.0%
53	Y-Intercept (Hong Kong) Ltd#53 · 198,784 sh	198,784	$2.1M	—	New
54	FMR#54 · 195,543 sh	195,543	$2.1M	<0.01%	+980.6%
55	NOMURA#55 · 190,617 sh	190,617	$2.0M	<0.01%	-48.2%
56	PEAK6#56 · 184,621 sh	184,621	$2.0M	<0.01%	-20.6%
57	PRICE T ROWE ASSOCIATES#57 · 182,959 sh	182,959	$2.0M	<0.01%	+23.5%
58	RHUMBLINE ADVISERS#58 · 179,814 sh	179,814	$1.9M	<0.01%	-53.9%
59	WOLVERINE ASSET MANAGEMENT#59 · 178,634 sh	178,634	$1.9M	0.02%	0.0%
60	New Age Alpha Advisors#60 · 176,341 sh	176,341	$1.9M	0.08%	-23.4%
61	Truvestments Capital#61 · 166,678 sh	166,678	$1.8M	0.26%	+8.9%
62	Hennion & Walsh Asset Management#62 · 151,907 sh	151,907	$1.6M	—	-1.0%
63	ExodusPoint Capital Management#63 · 151,890 sh	151,890	$1.6M	0.01%	New
64	ALLIANCEBERNSTEIN L.P.#64 · 148,217 sh	148,217	$1.6M	<0.01%	-23.9%
65	DEUTSCHE BANK AG\#65 · 140,440 sh	140,440	$1.5M	<0.01%	+15.7%
66	VANGUARD ASSET MANAGEMENT, Ltd#66 · 137,017 sh	137,017	$1.5M	<0.01%	+22.3%
67	JENNISON ASSOCIATES#67 · 133,407 sh	133,407	$1.4M	<0.01%	New
68	WEALTH ENHANCEMENT ADVISORY SERVICES#68 · 132,917 sh	132,917	$1.4M	—	+3.5%
69	Family Management#69 · 128,228 sh	128,228	$1.4M	0.14%	-19.5%
70	NOVARE CAPITAL MANAGEMENT#70 · 126,575 sh	126,575	$1.4M	0.10%	+10.9%
71	Legal & General Group Plc#71 · 126,142 sh	126,142	$1.3M	<0.01%	-60.5%
72	RAYMOND JAMES FINANCIAL#72 · 122,391 sh	122,391	$1.3M	<0.01%	+21.6%
73	Merit Financial Group#73 · 121,363 sh	121,363	$1.3M	<0.01%	-5.9%
74	AlphaCore Capital#74 · 114,054 sh	114,054	$1.2M	0.02%	-5.3%
75	Penserra Capital Management#75 · 112,464 sh	112,464	$1.2M	<0.01%	-5.0%
76	AMERIPRISE FINANCIAL#76 · 107,851 sh	107,851	$1.2M	<0.01%	-64.9%
77	AMERICAN FINANCIAL GROUP#77 · 105,154 sh	105,154	$1.1M	0.40%	0.0%
78	Tower Research Capital (TRC)#78 · 104,073 sh	104,073	$1.1M	0.03%	+914.2%
79	Verition Fund Management#79 · 100,000 sh	100,000	$1.1M	<0.01%	New
80	OSAIC#80 · 96,361 sh	96,361	$1.0M	<0.01%	+4.8%
81	Rockefeller Capital Management L.P.#81 · 96,309 sh	96,309	$1.0M	<0.01%	-0.8%
82	Atom Investors#82 · 91,444 sh	91,444	$976.6K	0.09%	New
83	Kestra Advisory Services#83 · 89,759 sh	89,759	$958.6K	<0.01%	+4.4%
84	SIMPLEX TRADING#84 · 87,461 sh	87,461	$934.1K	<0.01%	-26.9%
85	VICTORY CAPITAL MANAGEMENT#85 · 81,068 sh	81,068	$865.8K	<0.01%	-18.2%
86	MetLife Investment Management#86 · 78,966 sh	78,966	$843.4K	<0.01%	+8.0%
87	GROUP ONE TRADING, L.P.#87 · 77,302 sh	77,302	$825.6K	<0.01%	+81.0%
88	Lido Advisors#88 · 75,720 sh	75,720	$808.7K	<0.01%	0.0%
89	QRG CAPITAL MANAGEMENT#89 · 74,543 sh	74,543	$796.1K	<0.01%	+16.4%
90	Point72 Asset Management, L.P.#90 · 70,461 sh	70,461	$752.5K	<0.01%	New
91	CITIGROUP#91 · 68,169 sh	68,169	$728.0K	<0.01%	+235.4%
92	ROYAL BANK OF CANADA#92 · 67,877 sh	67,877	$726.0K	<0.01%	+69.0%
93	Sanctuary Advisors#93 · 66,688 sh	66,688	$712.2K	<0.01%	New
94	BANK OF MONTREAL#94 · 65,631 sh	65,631	$700.9K	<0.01%	-8.8%
95	Handelsbanken Fonder AB#95 · 65,302 sh	65,302	$697.0K	<0.01%	0.0%
96	Inspire Investing#96 · 63,579 sh	63,579	$679.0K	—	+30.2%
97	STIFEL FINANCIAL#97 · 62,742 sh	62,742	$670.1K	<0.01%	-1.1%
98	Russell Investments Group, Ltd.#98 · 62,653 sh	62,653	$669.1K	<0.01%	+260.1%
99	Parallax Volatility Advisers, L.P.#99 · 61,694 sh	61,694	$658.9K	<0.01%	+168.6%
100	Zurcher Kantonalbank (Zurich Cantonalbank)#100 · 60,180 sh	60,180	$642.7K	<0.01%	0.0%

Funds that sold out of ARI in Q2 2026 (47)

Held ARI at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held ARI in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
PRINCIPAL FINANCIAL GROUP640,301 sh	640,301	$6.8M
PUBLIC SECTOR PENSION INVESTMENT BOARD469,417 sh	469,417	$5.0M
RENAISSANCE TECHNOLOGIES327,540 sh	327,540	$3.5M
Purpose Unlimited277,178 sh	277,178	$2.9M
BALYASNY ASSET MANAGEMENT L.P.276,134 sh	276,134	$2.9M
DAVIDSON KEMPNER CAPITAL MANAGEMENT219,217 sh	219,217	$2.3M
NEW YORK STATE TEACHERS RETIREMENT SYSTEM180,619 sh	180,619	$1.9M
THRIVENT FINANCIAL FOR LUTHERANS112,752 sh	112,752	$1.2M
Troluce Capital Advisors104,800 sh	104,800	$1.1M
LDR Capital Management95,131 sh	95,131	$1.0M
Sophron Capital Management L.P.70,484 sh	70,484	$744.3K
Illinois Municipal Retirement Fund65,824 sh	65,824	$695.1K
State of Alaska, Department of Revenue65,104 sh	65,104	$687.0K
VOLORIDGE INVESTMENT MANAGEMENT62,895 sh	62,895	$664.2K
NATIXIS60,000 sh	60,000	$633.6K
AMALGAMATED BANK38,045 sh	38,045	$402.0K
YOUSIF CAPITAL MANAGEMENT34,941 sh	34,941	$369.0K
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY32,739 sh	32,739	$346.0K
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS32,451 sh	32,451	$342.7K
OREGON PUBLIC EMPLOYEES RETIREMENT FUND30,015 sh	30,015	$317.0K
NATIXIS ADVISORS27,583 sh	27,583	$291.0K
North Ground Capital25,000 sh	25,000	$264.0K
Empowered Funds23,238 sh	23,238	$245.4K
WINTON GROUP Ltd22,218 sh	22,218	$234.6K
Maryland State Retirement & Pension System18,952 sh	18,952	$200.1K
CHIRON CAPITAL MANAGEMENT16,920 sh	16,920	$178.7K
IEQ CAPITAL16,351 sh	16,351	$172.7K
MUTUAL OF AMERICA CAPITAL MANAGEMENT15,017 sh	15,017	$158.6K
TEACHER RETIREMENT SYSTEM OF TEXAS13,825 sh	13,825	$146.0K
CIBC Asset Management12,735 sh	12,735	$134.5K
DRW Securities12,655 sh	12,655	$133.6K
Mutual Advisors10,343 sh	10,343	$109.2K
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.10,326 sh	10,326	$109.0K
RESOURCES MANAGEMENT /CT8,618 sh	8,618	$91.0K
QUADRANT CAPITAL GROUP596 sh	596	$52.1K
Osbon Capital Management4,355 sh	4,355	$46.0K
Advisory Services Network4,252 sh	4,252	$44.9K
Freestone Grove Partners2,371 sh	2,371	$25.0K
Community Bank, N.A.2,000 sh	2,000	$21.1K
Sound Income Strategies691 sh	691	$7.3K
Federation des caisses Desjardins du Quebec600 sh	600	$6.3K
Root Financial Partners326 sh	326	$3.4K
TWIN PEAKS WEALTH ADVISORS279 sh	279	$2.9K
MAI Capital Management271 sh	271	$2.9K
Golden State Equity Partners47 sh	47	$505.00
Kilter Group6 sh	6	$64.00
POM Investment Strategies1 sh	1	$11.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.