Vault-13

APOLLO GLOBAL MGMT INC APO 6.75 07.31.26

SER A MAND CNV · PUBLIC · CUSIP 03769M304

79 institutional holders -7 vs Q4 2024
29,096,88529.1m shares reported held*
$2.0bnreported value*
6 new 25 added 36 reduced 12 sold out net sold ≈ $58.9m (-1.4m 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 ($5.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $65.72.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 23: 60Q4 23: 60Q1 24: 62Q2 24: 69Q3 24: 77Q4 24: 86Q1 25: 7979Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202360
Q4 202360
Q1 202462
Q2 202469
Q3 202477
Q4 202486
Q1 202579

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 29 bought or addedQ4 23: 33 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 32 cut or sold outQ1 24Q2 24: 25 bought or addedQ2 24: 31 cut or sold outQ2 24Q3 24: 31 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 31 bought or addedQ4 24: 46 cut or sold outQ4 24Q1 25: 31 bought or addedQ1 25: 48 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232933
Q1 20242532
Q2 20242531
Q3 20243128
Q4 20243146
Q1 20253148

Biggest buyers

Capital Research Global Investors New +1,192,174+1.2m
SONA ASSET MANAGEMENT (US) LLC Added +1,000,000+1.0m
D. E. Shaw & Co., Inc. Added +620,000+620.0k
Shaolin Capital Management LLC Added +600,000+600.0k
Portman Square Capital LLP New +350,000+350.0k
Magnetar Financial LLC New +250,000+250.0k
Thrivent Financial for Lutherans New +244,808+244.8k
AQR Arbitrage LLC Added +205,550+205.6k
INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +155,324+155.3k
LORD, ABBETT & CO. LLC Added +117,381+117.4k

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -2,305,000-2.3m
TWO SIGMA INVESTMENTS, LP Reduced -485,836-485.8k
Clearbridge Investments, LLC Reduced -457,210-457.2k
JANE STREET GROUP, LLC Reduced -402,609-402.6k
BANK OF AMERICA CORP /DE/ Reduced -395,617-395.6k
AMERIPRISE FINANCIAL INC Reduced -334,531-334.5k
CSS LLC/IL Reduced -289,212-289.2k
Thrivent Financial for Lutherans Sold out -248,568-248.6k
Calamos Advisors LLC Reduced -212,200-212.2k
Russell Investments Group, Ltd. Reduced -204,000-204.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,796,7003.8m $5.6m $5.6m 0.01% Reduced -204.0k -204,000
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,402,1522.4m $175.6m $175.6m 0.00% Reduced -85.7k -85,659
3 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 2,310,5222.3m $168.9m $168.9m 0.05% Reduced -67.3k -67,290
4 SONA ASSET MANAGEMENT (US) LLC 4.60% of their portfolio NEW YORK, NY 1,650,0001.6m $121.1m $121.1m 4.60% Added +1.0m +1,000,000
5 Calamos Advisors LLC 0.52% of their portfolio NAPERVILLE, IL 1,515,9281.5m $110.8m $110.8m 0.52% Reduced -212.2k -212,200
6 D. E. Shaw & Co., Inc. 0.12% of their portfolio New York, NY 1,345,0001.3m $98.3m $98.3m 0.12% Added +620.0k +620,000
7 Sculptor Capital LP 2.05% of their portfolio New York, NY 1,250,0881.3m $91.4m $91.4m 2.05% Reduced -8.9k -8,903
8 Shaolin Capital Management LLC 3.71% of their portfolio Miami, FL 1,250,0001.2m $91.7m $91.7m 3.71% Added +600.0k +600,000
9 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 1,242,7271.2m $90.8m $90.8m 0.09% Added +1.8k +1,789
10 Capital Research Global Investors 0.02% of their portfolio Los Angeles, CA 1,192,1741.2m $87.1m $87.1m 0.02% New
11 ADVENT CAPITAL MANAGEMENT /DE/ 1.84% of their portfolio NEW YORK, NY 1,104,2711.1m $80.4m $80.4m 1.84% Added +40.9k +40,918
12 Capital International Investors 0.01% of their portfolio Los Angeles, CA 970,400970.4k $70.9m $70.9m 0.01% Unchanged
13 NORGES BANK 0.01% of their portfolio OSLO, Q8 950,000950.0k $69.4m $69.4m 0.01% Reduced -100.0k -100,000
14 TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio NEW YORK, NY 937,248937.2k $68.5m $68.5m 0.15% Reduced -485.8k -485,836
15 Third Point LLC 1.03% of their portfolio NEW YORK, NY 900,000900.0k $65.8m $65.8m 1.03% Unchanged
16 MacKay Shields LLC 1.72% of their portfolio New York, NY 728,825728.8k $53.6m $53.6m 1.72% Reduced -4.8k -4,751
17 FMR LLC 0.00% of their portfolio BOSTON, MA 720,477720.5k $52.9m $52.9m 0.00% Reduced -96.8k -96,800
18 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.10% of their portfolio CAUSEWAY BAY, K3 665,023665.0k $48.6m $48.6m 0.10% Reduced -26.9k -26,940
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 445,300445.3k $32.6m $32.6m 0.00% Reduced -26.0k -26,000
20 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 432,993433.0k $31.6m $31.6m 0.03% Reduced -457.2k -457,210
21 AQR Arbitrage LLC 0.73% of their portfolio Greenwich, CT 407,000407.0k $29.9m $29.9m 0.73% Added +205.6k +205,550
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 386,547386.5k $28.3m $28.3m 0.00% Reduced -395.6k -395,617
23 Portman Square Capital LLP 3.54% of their portfolio London, X0 350,000350.0k $25.7m $25.7m 3.54% New
24 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 317,173317.2k $23.3m $23.3m 0.08% Added +117.4k +117,381
25 SSI INVESTMENT MANAGEMENT LLC 1.78% of their portfolio Los Angeles, CA 311,315311.3k $22.9m $22.9m 1.78% Added +99.5k +99,475
26 INFRASTRUCTURE CAPITAL ADVISORS, LLC 2.78% of their portfolio New York, NY 301,765301.8k $22.1m $22.1m 2.78% Added +155.3k +155,324
27 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 296,869296.9k $21.8m $21.8m 0.01% Reduced -334.5k -334,531
28 PIER 88 INVESTMENT PARTNERS LLC 3.97% of their portfolio SAN FRANCISCO, CA 282,980283.0k $20.7m $20.7m 3.97% Reduced -19.1k -19,100
29 Magnetar Financial LLC 0.24% of their portfolio EVANSTON, IL 250,000250.0k $18.3m $18.3m 0.24% New
30 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 244,808244.8k $18.0m $18.0m 0.04% New
31 Skaana Management L.P. 7.11% of their portfolio BROOKLYN, NY 211,566211.6k $15.5m $15.5m 7.11% Added +94.6k +94,644
32 CSS LLC/IL 1.02% of their portfolio CHICAGO, IL 200,150200.2k $14.7m $14.7m 1.02% Reduced -289.2k -289,212
33 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 175,000175.0k $12.8m $12.8m 0.09% Unchanged
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 136,622136.6k $10.0m $10.0m 0.00% Added +94.3k +94,300
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 110,800110.8k $8.1m $8.1m 0.00% Unchanged
36 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 103,824103.8k $7.6m $7.6m 0.01% Added +64.6k +64,600
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 102,883102.9k $7.5m $7.5m 0.00% Added +63.2k +63,196
38 RATIONAL ADVISORS, INC. 0.60% of their portfolio San Juan, PR 80,80080.8k $5.9m $5.9m 0.60% Reduced -19.1k -19,100
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 76,66676.7k $5.6m $5.6m 0.00% Reduced -53.7k -53,710
40 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 64,96365.0k $4.7m $4.7m 0.00% Added +4.6k +4,648
41 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 60,00060.0k $4.4m $4.4m 0.01% Unchanged
42 LAFFER TENGLER INVESTMENTS, INC. 0.83% of their portfolio Scottsdale, AZ 52,85052.9k $3.9m $3.9m 0.83% Reduced -7.1k -7,145
43 Morse Asset Management, Inc 0.89% of their portfolio DARIEN, CT 48,32048.3k $3.5m $3.5m 0.89% Added +305 +305
44 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 47,32647.3k $6.5m $6.5m 0.01% Added +20.9k +20,943
45 Penserra Capital Management LLC 0.06% of their portfolio ORINDA, CA 44,99545.0k $3.3m $3.3m 0.06% Reduced -22.1k -22,111
46 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 42,72842.7k $3.1m $3.1m 0.00% Reduced -6.3k -6,300
47 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 40,00040.0k $2.9m $2.9m 0.02% Added +2.0k +2,000
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 33,59533.6k $2.5m $2.5m 0.00% Reduced -40.1k -40,123
49 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 33,01733.0k $2.4m $2.4m 0.00% Reduced -10.5k -10,492
50 PALISADE CAPITAL MANAGEMENT, LP 0.06% of their portfolio FORT LEE, NJ 29,82029.8k $2.2m $2.2m 0.06% Added +10.0k +10,000
51 Alken Asset Management Ltd 3.16% of their portfolio LONDON, X0 26,60026.6k $2.0m $2.0m 3.16% Reduced -10.0k -10,000
52 AEGON USA Investment Management, LLC 1.31% of their portfolio CEDAR RAPIDS, IA 22,71322.7k $1.7m $1.7m 1.31% Reduced -3.2k -3,200
53 BlueCrest Capital Management Ltd 0.19% of their portfolio ST HELIER, Y9 16,12916.1k $1.2m $1.2m 0.19% Reduced -48.0k -47,986
54 Uniplan Investment Counsel, Inc. 0.09% of their portfolio MILWAUKEE, WI 13,33513.3k $974.7k $974.7k 0.09% Reduced -617 -617
55 Central Pacific Bank - Trust Division 0.11% of their portfolio HONOLULU, HI 10,74510.7k $785.4k $785.4k 0.11% Added +2.8k +2,795
56 Warberg Asset Management LLC 0.21% of their portfolio WINNETKA, IL 10,51110.5k $768.2k $768.2k 0.21% Added +3 +3
57 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 9,4449.4k $690.3k $690.3k 0.03% Reduced -409 -409
58 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 7,2127.2k $527.1k $527.1k 0.01% Reduced -4.3k -4,268
59 Capital International, Inc./CA/ 0.01% of their portfolio Los Angeles, CA 6,9006.9k $504.3k $504.3k 0.01% Unchanged
60 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 5,1505.2k $376.4k $376.4k 0.00% Unchanged
61 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 4,8324.8k $353.2k $353.2k 0.00% Reduced -402.6k -402,609
62 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,2704.3k $312.1k $312.1k 0.00% Reduced -347 -347
63 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 3,6443.6k $267.1k $267.1k 0.00% Reduced -610 -610
64 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 2,9472.9k $215.4k $215.4k 0.00% Added +19 +19
65 Ground Swell Capital, LLC 0.49% of their portfolio FOLLY BEACH, SC 2,9312.9k $214.2k $214.2k 0.49% New
66 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,8001.8k $131.6k $131.6k 0.00% Added +1.4k +1,381
67 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,6521.7k $120.0k $120.0k 0.00% Reduced -1.0k -1,000
68 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,4241.4k $104.1k $104.1k 0.00% Added +302 +302
69 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 696696 $50.9k $50.9k 0.00% Unchanged
70 UBS Group AG 0.00% of their portfolio ZURICH, V8 548548 $40.1k $40.1k 0.00% Reduced -974 -974
71 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 336336 $24.6k $24.6k 0.00% Reduced -30 -30
72 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 330330 $24.0k $24.0k 0.00% New
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 274274 $20.0k $20.0k 0.00% Added +124 +124
74 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 9696 $7.0k $7.0k 0.00% Added +11 +11
75 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5959 $4.3k $4.3k 0.00% Unchanged
76 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1515 $1.1k $1.1k 0.00% Unchanged
77 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 99 $658 $658 0.00% Unchanged
78 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11 $0 $0 0.00% Reduced -1.2k -1,213
79 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged