Apollo Commercial Real Estate Finance, Inc.
US ˙ NYSE ˙ US03762U1051

SecurityARI / Apollo Commercial Real Estate Finance, Inc.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership1,696,864 shares
Latest Disclosed Value $ 17,918,883
Northern Trust Corp reports 3.02% increase in ownership of ARI / Apollo Commercial Real Estate Finance, Inc.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 1,696,864 shares of Apollo Commercial Real Estate Finance, Inc. (US:ARI) valued at $17,918,884 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,647,093 shares of Apollo Commercial Real Estate Finance, Inc.. This represents a change in shares of 3.02% during the quarter. The current value of the position is $18,529,755 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F APOLLO COML REAL ESTATE FIN COM 03762U105 1,696,864 49,771 3.02 17,919 12.39 0.0005
2026-02-17 2025-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,647,093 -100,921 -5.77 15,944 -9.96 0.0004
2025-11-14 2025-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,748,014 17,797 1.03 17,707 5.73 0.0005
2025-08-13 2025-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,730,217 39,246 2.32 16,749 3.50 0.0023
2025-05-13 2025-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,690,971 -54,498 -3.12 16,183 7.06 0.0024
2025-02-14 2024-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,745,469 226,399 14.90 15,116 8.27 0.0021
2024-11-13 2024-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,519,070 8,482 0.56 13,960 -5.60 0.0023
2024-08-14 2024-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,510,588 -45,706 -2.94 14,789 -14.70 0.0025
2024-05-14 2024-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,556,294 -37,333 -2.34 17,337 -7.33 0.0030
2024-02-13 2023-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,593,627 7,010 0.44 18,709 16.41 0.0034
2023-11-13 2023-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,586,617 -23,869 -1.48 16,072 -11.84 0.0031
2023-08-11 2023-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,610,486 21,714 1.37 18,231 23.25 0.0035
2023-05-15 2023-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,588,772 -25,074 -1.55 14,791 -14.82 0.0029
2023-02-13 2022-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,613,846 42,278 2.69 17,365 33.11 0.0036
2022-11-14 2022-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,571,568 -2,735 -0.17 13,045 -20.63 0.0030
2022-08-12 2022-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,574,303 -27,582 -1.72 16,435 -26.35 0.0035
2022-05-13 2022-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,601,885 -29,423 -1.80 22,315 3.95 0.0039
2022-02-08 2021-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,631,308 -25,866 -1.56 21,468 -12.65 0.0035
2021-11-15 2021-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,657,174 4,040 0.24 24,577 -6.79 0.0044
2021-08-13 2021-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,653,134 13,204 0.81 26,368 15.10 0.0046
2021-05-12 2021-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,639,930 -99,545 -5.72 22,909 17.90 0.0043
2021-02-11 2020-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,739,475 -75,123 -4.14 19,431 18.86 0.0038
2020-11-16 2020-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,814,598 -156,016 -7.92 16,348 -15.44 0.0036
2020-08-14 2020-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,970,614 -10,303 -0.52 19,332 31.53 0.0046
2020-05-14 2020-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,980,917 -1,929 -0.10 14,698 -59.47 0.0042
2020-02-14 2019-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,982,846 -38,890 -1.92 36,267 -6.43 0.0081
2019-11-13 2019-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 2,021,736 196,874 10.79 38,758 15.49 0.0093
2019-08-13 2019-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,824,862 304,397 20.02 33,559 21.27 0.0080
2019-05-13 2019-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,520,465 7,032 0.46 27,672 9.75 0.0068
2019-02-12 2018-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,513,433 8,062 0.54 25,214 -11.24 0.0071
2018-11-14 2018-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,505,371 69,759 4.86 28,407 8.25 0.0070
2018-09-18 2018-06-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 1,435,612 145,726 11.30 26,243 13.15 0.0067
2018-08-14 2018-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,442,733 152,847 26,373
2018-05-09 2018-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,289,886 44,774 3.60 23,193 0.96 0.0060
2018-02-14 2017-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,245,112 -5,642 -0.45 22,972 1.42 0.0058
2017-11-13 2017-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,250,754 124,616 11.07 22,651 8.43 0.0059
2017-08-11 2017-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,126,138 154,330 15.88 20,890 14.28 0.0058
2017-05-12 2017-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 971,808 135,638 16.22 18,280 31.54 0.0053
2017-02-13 2016-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 836,170 39,375 4.94 13,897 6.55 0.0043
2016-11-09 2016-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 796,795 170,035 27.13 13,043 29.50 0.0041
2016-08-12 2016-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 626,760 13,586 2.22 10,072 0.77 0.0033
2016-08-19 2016-03-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 613,174 7,781 1.29 9,995 -4.18 0.0033
2016-05-13 2016-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 613,174 9,995
2016-02-12 2015-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 605,393 10,313 1.73 10,431 11.57 0.0035
2015-11-12 2015-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 595,080 1,689 0.28 9,349 -4.10 0.0031
2015-08-13 2015-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 593,391 61,194 11.50 9,749 6.63 0.0066
2015-05-14 2015-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 532,197 38,035 7.70 9,143 13.10 0.0027
2015-02-12 2014-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 494,162 -28,062 -5.37 8,084 -1.47 0.0024
2014-11-13 2014-09-30 13F Apollo Coml Real Est Fi COMM 03762U105 522,224 -38,879 -6.93 8,205 -11.32 0.0026
2014-08-14 2014-06-30 13F APOLLO COML REAL EST FIN com 03762U105 561,103 51,311 10.07 9,252 9.14 0.0029
2014-05-14 2014-03-31 13F APOLLO COML REAL EST FIN COMM 03762U105 509,792 -29,012 -5.38 8,477 -3.18 0.0027
2014-02-21 2013-12-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 538,804 8,353 1.57 8,755 8.09 0.0028
2014-02-12 2013-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 538,804 8,755
2013-11-13 2013-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 530,451 51,287 10.70 8,100 6.45 0.0029
2013-08-09 2013-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 479,164 479,164 7,609 0.0028
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.