Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in ARI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.9M | $127.4M | -43.7% | 9.110% | 0.00% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.1M | $65.0M | -23.3% | 4.650% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 6.0M | $64.4M | -5.9% | 4.601% | 0.00% |
| 4 | MILLENNIUM MANAGEMENT LLC | 4.6M | $48.7M | +254.8% | 3.485% | 0.02% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 3.4M | $36.1M | +1.8% | 2.584% | 0.00% |
| 6 | STATE STREET CORP | 3.3M | $35.6M | -36.7% | 2.544% | 0.00% |
| 7 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2.8M | $30.3M | +3.3% | 2.164% | 0.04% |
| 8 | No Street GP LP | 2.4M | $26.1M | -27.1% | 1.864% | 1.57% |
| 9 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.3M | $25.0M | +111.9% | 1.790% | 0.00% |
| 10 | JANE STREET GROUP, LLC | 2.2M | $23.4M | +318.7% | 1.671% | 0.00% |
| 11 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.0M | $21.7M | -5.7% | 1.555% | 0.00% |
| 12 | Schonfeld Strategic Advisors LLC | 1.9M | $20.5M | — | 1.464% | 0.07% |
| 13 | NORTHERN TRUST CORP | 1.7M | $17.7M | -2.3% | 1.266% | 0.00% |
| 14 | Qube Research & Technologies Ltd | 1.6M | $17.6M | — | 1.256% | 0.02% |
| 15 | MORGAN STANLEY | 1.6M | $16.7M | -12.0% | 1.196% | 0.00% |
| 16 | Nuveen, LLC | 1.2M | $13.0M | +264.8% | 0.933% | 0.00% |
| 17 | GOLDMAN SACHS GROUP INC | 1.1M | $12.0M | +145.7% | 0.857% | 0.00% |
| 18 | CITADEL ADVISORS LLC | 1.1M | $11.8M | +170.1% | 0.846% | 0.00% |
| 19 | VAN ECK ASSOCIATES CORP | 1.1M | $11.6M | -12.2% | 0.829% | 0.01% |
| 20 | UBS Group AG | 1.0M | $10.8M | -34.1% | 0.775% | 0.00% |
| 21 | Alpine Global Management, LLC | 902K | $9.6M | +437.6% | 0.689% | 1.57% |
| 22 | Empyrean Capital Partners, LP | 884K | $9.4M | 0.0% | 0.675% | 0.31% |
| 23 | Greenland Capital Management LP | 865K | $9.2M | — | 0.661% | 1.14% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 835K | $8.9M | -6.2% | 0.637% | 0.00% |
| 25 | FIRST TRUST ADVISORS LP | 784K | $8.4M | +0.2% | 0.599% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in ARI — a direct measure of their conviction.
Filings activity in ARI during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new ARI position in Q2 2026
Institutions that fully closed their ARI position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 282 | +5.2% | 63.60% | +0.28 pp | $883M | 2.7% |
| Q1 2026 | 268 | +4.7% | 63.32% | +5.58 pp | $908M | +18% |
| Q4 2025 | 256 | +0.0% | 57.74% | +1.30 pp | $769M | 4.4% |
| Q3 2025 | 256 | +3.6% | 56.44% | +2.74 pp | $804M | +8.9% |
| Q2 2025 | 247 | +3.3% | 53.70% | 1.12 pp | $738M | +3.0% |
| Q1 2025 | 239 | +2.6% | 54.82% | +0.22 pp | $716M | +12% |
| Q4 2024 | 233 | +1.7% | 54.60% | +1.82 pp | $641M | 2.0% |
| Q3 2024 | 229 | — | 52.78% | — | $655M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying ARI stock.
Based on Q2 2026 13F filings, institutional ownership of Apollo Commercial Real Estate Finance, Inc. stands at 63.6%, held across 282 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of ARI, with approximately 11,929,835 shares worth $0.13B as of Q2 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of ARI, including MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, JANE STREET GROUP, LLC, CITADEL ADVISORS LLC.
Our composite Smart Money Score for ARI is 70 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
63 institutions opened new positions in ARI during Q2 2026, while 45 fully exited. 129 added to existing positions and 81 trimmed.
ARI institutional ownership rose by 0.28 percentage points quarter-over-quarter, with a net change of +14 holders.
The top 10 institutions account for 54.6% of all reported 13F value in ARI, and the top 25 account for 77.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Apollo Commercial Real Estate Finance, Inc. (ARI) Institutional Ownership