Ranked by reported Q1 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. | 21.2M | $223.7M | -0.2% | 15.946% | 0.00% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.9M | $83.8M | β | 5.974% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 6.4M | $67.6M | β | 4.821% | 0.00% |
| 4 | STATE STREET CORP | 5.3M | $56.9M | -0.6% | 3.964% | 0.00% |
| 5 | No Street GP LP | 3.4M | $35.4M | +3.7% | 2.522% | 2.36% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 3.3M | $35.1M | +5.0% | 2.503% | 0.00% |
| 7 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2.7M | $29.0M | +24.2% | 2.066% | 0.04% |
| 8 | Invesco Ltd. | 2.2M | $22.9M | +74.4% | 1.634% | 0.00% |
| 9 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.2M | $22.8M | -2.1% | 1.624% | 0.00% |
| 10 | MORGAN STANLEY | 1.8M | $18.8M | -8.7% | 1.341% | 0.00% |
| 11 | NORTHERN TRUST CORP | 1.7M | $17.9M | +3.0% | 1.277% | 0.00% |
| 12 | UBS Group AG | 1.5M | $16.3M | +177.5% | 1.160% | 0.00% |
| 13 | MILLENNIUM MANAGEMENT LLC | 1.3M | $13.6M | +155.2% | 0.968% | 0.01% |
| 14 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.1M | $11.7M | +965.4% | 0.833% | 0.00% |
| 15 | Bank of New York Mellon Corp | 930K | $9.8M | -0.8% | 0.700% | 0.00% |
| 16 | VANGUARD FIDUCIARY TRUST CO | 890K | $9.4M | β | 0.670% | 0.00% |
| 17 | Empyrean Capital Partners, LP | 884K | $9.3M | β | 0.665% | 0.31% |
| 18 | FIRST TRUST ADVISORS LP | 783K | $8.3M | +23.0% | 0.589% | 0.01% |
| 19 | Azora Capital LP | 708K | $7.5M | β | 0.533% | 0.49% |
| 20 | Apollo Management Holdings, L.P. | 666K | $7.0M | 0.0% | 0.501% | 0.11% |
| 21 | PRINCIPAL FINANCIAL GROUP INC | 640K | $6.8M | -25.0% | 0.482% | 0.00% |
| 22 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 614K | $6.5M | -3.4% | 0.462% | 0.02% |
| 23 | Edgestream Partners, L.P. | 502K | $5.3M | -8.4% | 0.378% | 0.17% |
| 24 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 469K | $5.0M | +3.7% | 0.353% | 0.02% |
| 25 | GOLDMAN SACHS GROUP INC | 457K | $4.8M | -39.5% | 0.344% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in ARI β a direct measure of their conviction.
Filings activity in ARI during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new ARI position in Q1 2026
Institutions that fully closed their ARI position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 262 | +2.3% | 62.20% | +8.32 pp | $888M | +15% |
| Q4 2025 | 256 | +1.2% | 53.88% | 2.23 pp | $769M | 4.0% |
| Q3 2025 | 253 | +2.4% | 56.11% | +4.41 pp | $801M | +8.5% |
| Q2 2025 | 247 | +3.3% | 51.70% | +1.52 pp | $738M | +3.0% |
| Q1 2025 | 239 | +2.6% | 50.18% | +5.22 pp | $716M | +12% |
| Q4 2024 | 233 | +1.7% | 44.96% | 0.91 pp | $641M | 2.0% |
| Q3 2024 | 229 | +0.9% | 45.87% | 3.83 pp | $655M | 7.7% |
| Q2 2024 | 227 | β | 49.70% | β | $709M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying ARI stock.
Based on Q1 2026 13F filings, institutional ownership of Apollo Commercial Real Estate Finance, Inc. stands at 62.2%, held across 262 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of ARI, with approximately 21,183,896 shares worth $0.22B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of ARI, including MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for ARI is 66 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
47 institutions opened new positions in ARI during Q1 2026, while 41 fully exited. 168 added to existing positions and 44 trimmed.
ARI institutional ownership rose by 8.32 percentage points quarter-over-quarter, with a net change of +6 holders.
The top 10 institutions account for 67.2% of all reported 13F value in ARI, and the top 25 account for 82.8%.
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.