Vault-13

APOLLO GLOBAL MGMT INC APO 6.75 07.31.26

SER A MAND CNV · PUBLIC · CUSIP 03769M304

72 institutional holders -10 vs Q4 2025
29,294,80729.3m shares reported held*
$1.6bnreported value*
7 new 22 added 25 reduced 15 sold out net bought ≈ $3.4m (+249.5k 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 ($4.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.80.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 23: 60Q4 23: 60Q1 24: 62Q2 24: 69Q3 24: 77Q4 24: 86Q1 25: 79Q2 25: 81Q3 25: 81Q4 25: 82Q1 26: 7272Q3 23Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 202360
Q4 202360
Q1 202462
Q2 202469
Q3 202477
Q4 202486
Q1 202579
Q2 202581
Q3 202581
Q4 202582
Q1 202672

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 24: 25 bought or addedQ2 24: 31 cut or sold outQ3 24: 31 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 31 bought or addedQ4 24: 46 cut or sold outQ1 25: 31 bought or addedQ1 25: 48 cut or sold outQ1 25Q2 25: 37 bought or addedQ2 25: 33 cut or sold outQ3 25: 32 bought or addedQ3 25: 33 cut or sold outQ3 25Q4 25: 27 bought or addedQ4 25: 48 cut or sold outQ1 26: 29 bought or addedQ1 26: 40 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242531
Q3 20243128
Q4 20243146
Q1 20253148
Q2 20253733
Q3 20253233
Q4 20252748
Q1 20262940

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +1,142,782+1.1m
SUSQUEHANNA ADVISORS GROUP, INC. Added +1,075,000+1.1m
MORGAN STANLEY Added +505,724+505.7k
Sculptor Capital LP Added +436,227+436.2k
TPG GP A, LLC New +325,000+325.0k
CSS LLC/IL Added +264,653+264.7k
D. E. Shaw & Co., Inc. Added +200,000+200.0k
Russell Investments Group, Ltd. Added +162,300+162.3k
WOLVERINE ASSET MANAGEMENT LLC Added +115,532+115.5k
ADVENT CAPITAL MANAGEMENT /DE/ Added +25,854+25.9k

Biggest sellers

Shaolin Capital Management LLC Reduced -1,065,000-1.1m
SONA ASSET MANAGEMENT (US) LLC Sold out -900,000-900.0k
FMR LLC Reduced -563,977-564.0k
VICTORY CAPITAL MANAGEMENT INC Reduced -337,790-337.8k
Clearbridge Investments, LLC Reduced -266,960-267.0k
BlackRock, Inc. Reduced -209,533-209.5k
SSI INVESTMENT MANAGEMENT LLC Reduced -123,910-123.9k
INFRASTRUCTURE CAPITAL ADVISORS, LLC Reduced -100,524-100.5k
Invesco Ltd. Reduced -79,481-79.5k
BANK OF AMERICA CORP /DE/ Reduced -67,358-67.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 3,924,0003.9m $4.6m $4.6m 0.00% Added +162.3k +162,300
2 Shaolin Capital Management LLC 6.16% of their portfolio Miami, FL 2,500,0002.5m $147.2m $147.2m 6.16% Reduced -1.1m -1,065,000
3 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 2,374,5852.4m $138.8m $138.8m 0.03% Added +7.9k +7,875
4 Capital International Investors 0.03% of their portfolio Los Angeles, CA 2,159,4202.2m $126.2m $126.2m 0.03% Unchanged
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,987,4622.0m $116.2m $116.2m 0.00% Reduced -209.5k -209,533
6 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 1,570,4081.6m $91.8m $91.8m 0.08% Added +1.1m +1,142,782
7 Sculptor Capital LP 0.92% of their portfolio New York, NY 1,391,8181.4m $81.8m $81.8m 0.92% Added +436.2k +436,227
8 SUSQUEHANNA ADVISORS GROUP, INC. 3.75% of their portfolio BALA CYNWYD, PA 1,375,0001.4m $80.4m $80.4m 3.75% Added +1.1m +1,075,000
9 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 1,361,3161.4m $79.6m $79.6m 0.01% Unchanged
10 ADVENT CAPITAL MANAGEMENT /DE/ 2.27% of their portfolio NEW YORK, NY 1,303,4361.3m $76.7m $76.7m 2.27% Added +25.9k +25,854
11 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 1,275,0001.3m $74.5m $74.5m 0.03% Unchanged
12 Calamos Advisors LLC 0.28% of their portfolio NAPERVILLE, IL 1,230,4711.2m $71.9m $71.9m 0.28% Reduced -39.7k -39,667
13 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 839,614839.6k $49.1m $49.1m 0.03% Reduced -337.8k -337,790
14 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 770,000770.0k $45.2m $45.2m 0.04% Added +200.0k +200,000
15 MacKay Shields LLC 1.54% of their portfolio New York, NY 713,809713.8k $42.0m $42.0m 1.54% Reduced -483 -483
16 INFRASTRUCTURE CAPITAL ADVISORS, LLC 3.71% of their portfolio New York, NY 676,299676.3k $39.5m $39.5m 3.71% Reduced -100.5k -100,524
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 610,484610.5k $35.7m $35.7m 0.00% Added +505.7k +505,724
18 FMR LLC 0.00% of their portfolio BOSTON, MA 507,554507.6k $29.8m $29.8m 0.00% Reduced -564.0k -563,977
19 Weiss Asset Management LP 0.40% of their portfolio BOSTON, MA 375,000375.0k $22.0m $22.0m 0.40% Not comparable
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 372,941372.9k $21.9m $21.9m 0.00% Reduced -31.4k -31,384
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 335,628335.6k $19.6m $19.6m 0.00% Reduced -18.5k -18,491
22 TPG GP A, LLC 0.52% of their portfolio FORT WORTH, TX 325,000325.0k $19.1m $19.1m 0.52% New
23 CSS LLC/IL 0.91% of their portfolio CHICAGO, IL 277,318277.3k $16.3m $16.3m 0.91% Added +264.7k +264,653
24 Magnetar Financial LLC 0.15% of their portfolio EVANSTON, IL 250,000250.0k $14.7m $14.7m 0.15% Unchanged
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 217,870217.9k $12.8m $12.8m 0.00% Added +558 +558
26 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 215,950215.9k $12.7m $12.7m 0.02% Reduced -5.0k -4,990
27 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 202,224202.2k $11.8m $11.8m 0.01% Reduced -267.0k -266,960
28 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 175,000175.0k $10.2m $10.2m 0.06% Unchanged
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 129,710129.7k $7.6m $7.6m 0.00% Reduced -67.4k -67,358
30 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 124,287124.3k $7.3m $7.3m 0.11% Added +115.5k +115,532
31 SSI INVESTMENT MANAGEMENT LLC 0.47% of their portfolio Los Angeles, CA 116,295116.3k $6.8m $6.8m 0.47% Reduced -123.9k -123,910
32 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 109,108109.1k $6.4m $6.4m 0.00% Added +22.8k +22,824
33 PIER 88 INVESTMENT PARTNERS LLC 1.57% of their portfolio SAN FRANCISCO, CA 104,700104.7k $6.1m $6.1m 1.57% Reduced -67.2k -67,180
34 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 86,56686.6k $5.1m $5.1m 0.00% Added +420 +420
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 85,71785.7k $5.0m $5.0m 0.00% Added +22.0k +21,973
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 81,39381.4k $4.8m $4.8m 0.00% Added +5.0k +5,000
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 60,80060.8k $3.6m $3.6m 0.00% Reduced -79.5k -79,481
38 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 58,02858.0k $3.4m $3.4m 0.01% Reduced -26.8k -26,812
39 BlueCrest Capital Management Ltd 0.29% of their portfolio ST HELIER, Y9 52,73952.7k $3.1m $3.1m 0.29% Reduced -50.3k -50,330
40 LAFFER TENGLER INVESTMENTS, INC. 0.46% of their portfolio Scottsdale, AZ 52,45052.5k $3.1m $3.1m 0.46% Added +1.2k +1,200
41 Capital International, Inc./CA/ 0.02% of their portfolio Los Angeles, CA 51,12051.1k $3.0m $3.0m 0.02% Added +4.0k +4,048
42 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 50,96751.0k $3.0m $3.0m 0.00% Reduced -12.4k -12,441
43 Morse Asset Management, Inc 0.59% of their portfolio DARIEN, CT 48,72548.7k $2.9m $2.9m 0.59% Added +1.0k +1,000
44 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 47,76447.8k $2.8m $2.8m 0.00% Unchanged
45 Penserra Capital Management LLC 0.03% of their portfolio ORINDA, CA 39,44539.4k $2.3m $2.3m 0.03% Reduced -4.9k -4,947
46 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 38,65838.7k $2.3m $2.3m 0.00% Reduced -21.3k -21,342
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,08235.1k $2.1m $2.1m 0.00% Added +23.0k +22,974
48 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 30,47530.5k $3.4m $3.4m 0.00% Added +3.1k +3,107
49 Alken Asset Management Ltd 2.78% of their portfolio LONDON, X0 26,60026.6k $1.5m $1.5m 2.78% Unchanged
50 AEGON USA Investment Management, LLC 1.04% of their portfolio CEDAR RAPIDS, IA 22,71322.7k $1.3m $1.3m 1.04% Unchanged
51 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 19,08119.1k $1.1m $1.1m 0.00% Reduced -28 -28
52 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 15,00015.0k $876.9k $876.9k 0.00% Unchanged
53 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,9218.9k $521.5k $521.5k 0.00% Added +1.7k +1,708
54 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 8,7488.7k $581.0k $581.0k 0.01% New
55 Ground Swell Capital, LLC 0.84% of their portfolio FOLLY BEACH, SC 7,2657.3k $424.7k $424.7k 0.84% New
56 Elequin Capital, LP 0.04% of their portfolio NEW YORK, NY 7,2087.2k $480.7k $480.7k 0.04% New
57 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 5,1505.2k $301.1k $301.1k 0.00% Unchanged
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,6744.7k $273.2k $273.2k 0.00% Added +2.6k +2,621
59 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 4,3274.3k $253.0k $253.0k 0.00% Reduced -25 -25
60 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 3,8153.8k $223.0k $223.0k 0.00% Reduced -126 -126
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,4693.5k $203.8k $203.8k 0.00% New
62 Skaana Management L.P. 0.08% of their portfolio BROOKLYN, NY 3,3623.4k $195.2k $195.2k 0.08% Reduced -37.8k -37,762
63 ANGELES WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANTA MONICA, CA 3,0003.0k $176.1k $176.1k 0.01% Unchanged
64 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 2,8752.9k $168.1k $168.1k 0.02% Reduced -4.3k -4,305
65 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 1,7751.8k $100.1k $100.1k 0.00% Unchanged
66 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,6521.7k $19 $19 0.00% Unchanged
67 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1,2001.2k $70.2k $70.2k 0.00% New
68 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 696696 $40.7k $40.7k 0.00% Unchanged
69 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 600600 $35.2k $35.2k 0.02% Unchanged
70 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 373373 $21.8k $21.8k 0.00% New
71 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 274274 $16.0k $16.0k 0.00% Unchanged
72 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 5959 $3.4k $3.4k 0.00% Unchanged