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

SecurityARI / Apollo Commercial Real Estate Finance, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership19,300 shares
Latest Disclosed Value $ 203,808
Cwm, Llc reports 8.87% increase in ownership of ARI / Apollo Commercial Real Estate Finance, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 19,300 shares of Apollo Commercial Real Estate Finance, Inc. (US:ARI) valued at $203,808 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 17,728 shares of Apollo Commercial Real Estate Finance, Inc.. The current value of the position is $210,756 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 19,300 1,572 8.87 204 0.0005
2026-01-26 2025-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 17,728 -194 -1.08 0 0.0005
2025-10-15 2025-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 17,922 11,503 179.20 0 0.0005
2025-07-25 2025-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 6,419 2,561 66.38 0 0.0002
2025-05-01 2025-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 3,858 1,087 39.23 0 0.0001
2025-02-04 2024-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 2,771 1,902 218.87 0 0.0001
2024-10-08 2024-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 869 -37 -4.08 0 0.0000
2024-07-10 2024-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 906 -2,470 -73.16 0 0.0000
2024-04-05 2024-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 3,376 2,506 288.05 0 0.0002
2024-02-01 2023-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 870 -147 -14.45 0 0.0001
2023-10-11 2023-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,017 -188 -15.60 0 0.0001
2023-08-03 2023-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,205 -772 -39.05 0 0.0001
2023-05-01 2023-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,977 264 15.41 0 0.0001
2023-02-01 2022-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,713 23 1.36 0 -100.00 0.0001
2022-10-27 2022-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 1,690 -785 -31.72 14 -46.15 0.0001
2022-07-28 2022-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 2,475 1,243 100.89 26 52.94 0.0002
2022-04-21 2022-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 1,232 355 40.48 17 41.67 0.0001
2022-01-31 2021-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 877 783 832.98 12 1,100.00 0.0001
2021-09-15 2021-06-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-07-29 2021-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 94 0 1 0.0000
2021-09-15 2021-03-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-04-27 2021-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 94 0 1 0.0000
2021-09-15 2020-12-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-01-27 2020-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 94 0 1 0.0000
2021-09-15 2020-09-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2020-10-19 2020-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 661 567 6 0.0001
2021-09-15 2020-06-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2020-07-22 2020-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 2,161 2,067 21 0.0002
2021-09-15 2020-03-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2020-04-28 2020-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 570 476 4 0.0001
2021-09-14 2019-12-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-09-14 2019-09-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-09-14 2019-06-30 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 0 0.00 1 0.00 0.0000
2021-09-02 2019-03-31 13F/A-1 APOLLO COML REAL EST FIN COM 03762U105 94 94 1 0.0000
2019-01-25 2018-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 0 -11 -100.00 0 0.0000
2018-10-29 2018-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 11 -106 -90.60 0 -100.00
2018-07-31 2018-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 117 106 963.64 2 0.0001
2018-04-26 2018-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 11 0 0.00 0 0.0000
2018-01-16 2017-12-31 13F APOLLO COML REAL EST FIN COM 03762U105 11 0 0.00 0 0.0000
2017-10-16 2017-09-30 13F APOLLO COML REAL EST FIN COM 03762U105 11 0 0.00 0 0.0000
2017-07-17 2017-06-30 13F APOLLO COML REAL EST FIN COM 03762U105 11 0 0.00 0 0.0000
2017-04-17 2017-03-31 13F APOLLO COML REAL EST FIN COM 03762U105 11 11 0 0.0000
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.