Waterfall Asset Management fully exited its position in Apollo Commercial Real Estate Finance (NYSE:ARI) during the first quarter, selling 569,000 shares in a move estimated at $5.92 million based on quarterly average pricing, according to a May 8, 2026, SEC filing.
What happened According to a Securities and Exchange Commission (SEC) filing dated May 8, 2026, Waterfall Asset Management sold its entire holding of 569,000 Apollo Commercial Real Estate Finance shares, with the estimated transaction value totaling $5.92 million based on the average closing price during the first quarter
The fund reported no remaining shares in ARI at quarter end, marking a full exit from the position. What else to know – Top five holdings following the quarter: – NYSE:CPT: $12.86 million (11.24% of AUM) – NYSE:AVB: $12.28 million (10.73% of AUM) – NYSE:APLE: $10.77 million (9.41% of AUM) – NYSE:RITM: $9.73 million (8.51% of AUM) – NYSE:MRP: $9.10 million (7.95% of AUM) – – As of May 7, 2026, Apollo Commercial Real Estate Finance shares were priced at $10.91, up about 15% over the past year, compared to a 30% gain for the S&P 500. Company Overview Company Snapshot – Apollo Commercial Real Estate Finance originates, acquires, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. – The firm operates as a real estate investment trust (REIT), generating income primarily from interest on commercial real estate debt investments and distributing at least 90% of taxable income to shareholders. – It targets institutional and commercial borrowers seeking financing for commercial real estate projects across major U.S. markets.
Apollo Commercial Real Estate Finance, Inc. is a publicly traded mortgage REIT focused on originating and investing in commercial real estate debt. Apollo Commercial Real Estate Finance, Inc. originates, acquires, invests in, and manages commercial first mortgage loans,…