Vault-13

APOLLO GLOBAL MGMT INC APO 6.75 07.31.26

SER A MAND CNV · PUBLIC · CUSIP 03769M304

62 institutional holders +2 vs Q4 2023
33,186,32433.2m shares reported held*
$1.8bnreported value*
9 new 16 added 25 reduced 7 sold out net sold ≈ $290.0m (-182.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.10.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 23: 60Q4 23: 60Q1 24: 6262Q3 23Q4 23Q1 24
Numbers
QuarterHolders
Q3 202360
Q4 202360
Q1 202462

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 23: 29 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 32 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20232933
Q1 20242532

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC New +675,000+675.0k
MORGAN STANLEY Added +363,244+363.2k
Calamos Advisors LLC Added +261,047+261.0k
PRICE T ROWE ASSOCIATES INC /MD/ New +256,676+256.7k
VOYA INVESTMENT MANAGEMENT LLC Added +250,000+250.0k
VICTORY CAPITAL MANAGEMENT INC Added +167,302+167.3k
BARCLAYS PLC Added +141,339+141.3k
BlackRock Inc. Added +135,821+135.8k
MACQUARIE GROUP LTD New +61,725+61.7k
FRANKLIN RESOURCES INC Added +58,744+58.7k

Biggest sellers

SONA ASSET MANAGEMENT (US) LLC Sold out -5,000,000-5.0m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -660,000-660.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -345,683-345.7k
Russell Investments Group, Ltd. Reduced -320,150-320.1k
JANE STREET GROUP, LLC Reduced -243,722-243.7k
BlueCrest Capital Management Ltd Reduced -165,405-165.4k
Mirae Asset Global Investments Co., Ltd. Sold out -128,524-128.5k
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -90,324-90.3k
Alpine Global Management, LLC Reduced -75,000-75.0k
AMERIPRISE FINANCIAL INC Reduced -74,260-74.3k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,493,6505.5m $7.0m $7.0m 0.01% Reduced -320.1k -320,150
2 VOYA INVESTMENT MANAGEMENT LLC 0.31% of their portfolio ATLANTA, GA 5,000,0005.0m $318.8m $318.8m 0.31% Added +250.0k +250,000
3 BlackRock Inc. 0.00% of their portfolio New York, NY 2,778,6392.8m $177.1m $177.1m 0.00% Added +135.8k +135,821
4 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 2,459,1942.5m $156.8m $156.8m 0.05% Added +58.7k +58,744
5 Calamos Advisors LLC 0.56% of their portfolio NAPERVILLE, IL 1,817,9311.8m $115.9m $115.9m 0.56% Added +261.0k +261,047
6 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 1,533,4301.5m $97.8m $97.8m 0.10% Added +167.3k +167,302
7 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 1,207,0781.2m $76.4m $76.4m 0.10% Reduced -243.7k -243,722
8 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,200,0001.2m $76.5m $76.5m 0.01% Unchanged
9 ADVENT CAPITAL MANAGEMENT /DE/ 1.80% of their portfolio NEW YORK, NY 1,096,5051.1m $71.0m $71.0m 1.80% Reduced -90.3k -90,324
10 Capital International Investors 0.01% of their portfolio Los Angeles, CA 970,400970.4k $61.9m $61.9m 0.01% Unchanged
11 LORD, ABBETT & CO. LLC 0.10% of their portfolio JERSEY CITY, NJ 948,288948.3k $60.7m $60.7m 0.10% Reduced -62.4k -62,436
12 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 902,865902.9k $57.8m $57.8m 0.02% Reduced -74.3k -74,260
13 Third Point LLC 0.73% of their portfolio NEW YORK, NY 900,000900.0k $57.4m $57.4m 0.73% Unchanged
14 MacKay Shields LLC 1.33% of their portfolio New York, NY 748,146748.1k $48.0m $48.0m 1.33% Reduced -1.9k -1,882
15 Clearbridge Investments, LLC 0.04% of their portfolio NEW YORK, NY 702,525702.5k $44.8m $44.8m 0.04% Reduced -1.1k -1,100
16 SONA ASSET MANAGEMENT (US) LLC 3.74% of their portfolio NEW YORK, NY 675,000675.0k $43.0m $43.0m 3.74% New
17 CAMDEN ASSET MANAGEMENT L P /CA 1.35% of their portfolio Los Angeles, CA 577,500577.5k $37.0m $37.0m 1.35% Reduced -660.0k -660,000
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 471,000471.0k $30.2m $30.2m 0.00% Reduced -23.0k -23,000
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 429,486429.5k $27.5m $27.5m 0.00% Added +363.2k +363,244
20 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 422,190422.2k $27.1m $27.1m 0.05% Reduced -6.4k -6,425
21 FMR LLC 0.00% of their portfolio BOSTON, MA 359,800359.8k $23.0m $23.0m 0.00% Unchanged
22 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 333,941333.9k $21.4m $21.4m 0.01% Added +141.3k +141,339
23 PIER 88 INVESTMENT PARTNERS LLC 5.20% of their portfolio SAN FRANCISCO, CA 331,900331.9k $21.2m $21.2m 5.20% Reduced -10.2k -10,200
24 SSI INVESTMENT MANAGEMENT LLC 1.55% of their portfolio Los Angeles, CA 320,980321.0k $20.6m $20.6m 1.55% Reduced -8.0k -8,045
25 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 256,676256.7k $16.3m $16.3m 0.00% New
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 239,053239.1k $15.2m $15.2m 0.00% Added +19.9k +19,865
27 Alberta Investment Management Corp 0.11% of their portfolio EDMONTON, A0 175,000175.0k $11.2m $11.2m 0.11% Unchanged
28 BlueCrest Capital Management Ltd 2.27% of their portfolio ST HELIER, Y9 150,490150.5k $9.6m $9.6m 2.27% Reduced -165.4k -165,405
29 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 144,150144.2k $9.2m $9.2m 0.00% Reduced -20.0k -20,000
30 RATIONAL ADVISORS, INC. 0.59% of their portfolio San Juan, PR 99,60099.6k $6.3m $6.3m 0.59% Reduced -10.2k -10,200
31 LAFFER TENGLER INVESTMENTS, INC. 1.08% of their portfolio Scottsdale, AZ 65,05565.1k $4.2m $4.2m 1.08% Reduced -2.5k -2,545
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 64,85864.9k $4.1m $4.1m 0.00% Reduced -14.9k -14,892
33 AEGON USA Investment Management, LLC 2.68% of their portfolio CEDAR RAPIDS, IA 62,00062.0k $4.0m $4.0m 2.68% Reduced -8.3k -8,293
34 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 61,72561.7k $3.9m $3.9m 0.00% New
35 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 60,41260.4k $3.9m $3.9m 0.00% Reduced -155 -155
36 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 60,00060.0k $3.8m $3.8m 0.01% Unchanged
37 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 55,45955.5k $3.6m $3.6m 0.07% Added +33.0k +33,009
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 47,55347.6k $3.0m $3.0m 0.00% Added +15.6k +15,623
39 Morse Asset Management, Inc 0.75% of their portfolio DARIEN, CT 46,00046.0k $2.9m $2.9m 0.75% Added +1.4k +1,375
40 Paloma Partners Management Co 0.37% of their portfolio GREENWICH, CT 40,50040.5k $2.6m $2.6m 0.37% Added +27.5k +27,500
41 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 40,00040.0k $2.5m $2.5m 0.01% Unchanged
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,81735.8k $2.3m $2.3m 0.00% Added +611 +611
43 Alpine Global Management, LLC 0.18% of their portfolio NEW YORK, NY 25,00025.0k $1.6m $1.6m 0.18% Reduced -75.0k -75,000
44 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 24,82024.8k $1.6m $1.6m 0.04% Reduced -6.7k -6,680
45 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 16,45116.5k $1.0m $1.0m 0.01% Added +3.0k +3,014
46 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 15,00015.0k $956.2k $956.2k 0.00% Unchanged
47 Central Pacific Bank - Trust Division 0.10% of their portfolio HONOLULU, HI 12,74512.7k $819.6k $819.6k 0.10% First filing
48 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 12,23012.2k $779.7k $779.7k 0.01% New
49 Calamos Wealth Management LLC 0.04% of their portfolio NAPERVILLE, IL 11,62011.6k $740.8k $740.8k 0.04% Added +70 +70
50 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 10,58410.6k $674.7k $674.7k 0.00% Reduced -747 -747
51 FIRST HAWAIIAN BANK 0.02% of their portfolio HONOLULU, HI 9,3109.3k $593.5k $593.5k 0.02% Added +1.6k +1,625
52 Capital International, Inc./CA/ 0.01% of their portfolio Los Angeles, CA 6,9006.9k $439.9k $439.9k 0.01% Unchanged
53 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,6756.7k $425.5k $425.5k 0.00% Reduced -345.7k -345,683
54 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 5,1505.2k $328.3k $328.3k 0.00% Unchanged
55 Elequin Capital, LP 0.03% of their portfolio NEW YORK, NY 2,1442.1k $136.8k $136.8k 0.03% New
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,8261.8k $116.0k $116.0k 0.00% New
57 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 696696 $44.4k $44.4k 0.00% New
58 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 548548 $34.9k $34.9k 0.00% New
59 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 375375 $23.0k $23.0k 0.00% Reduced -390 -390
60 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 131131 $8.4k $8.4k 0.00% New
61 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5050 $3.2k $3.2k 0.00% Reduced -39 -39
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged