Skip to content
Disclosery

Apollo Management Holdings, L.P.

Follow

13F filer, CIK 1449434, New York, NY

Apollo Management Holdings, L.P. reported $9,120,216,930 across 53 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 93.85% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001449434-25-000012

Period
2025-09-30
Reported value
$9.12B
Holdings
53
Top 10 weight
93.85%
New
11
Sold out
11

Part of the filer group Apollo Management Holdings, L.P.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ECHOadded+3,952,955$302M
UNITnew+10,853,096$66.4M
FIGRnew+1,548,527$38M
KMTadded+928,118$19.4M
CYHadded+5,543,242$17.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ADTreduced-81,650,000-$711M
HGVreduced-8,050,000-$337M
VISNreduced-8,412,985-$130M
WBDexited-8,160,627-$93.5M
JAAAexited-1,432,523-$72.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001449434-25-000012, largest first. % of portfolio is the value over $6,695,147,589, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ASPEN INSURANCE HOLDINGS-AASPEN INSURANCE HOLDINGS-AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 75,418,220 shares; 2025Q3: 75,418,220 shares 75,418,220$2.77B41.35%0
ADTADT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 423,550,367 shares; 2024Q4: 359,150,366 shares; 2025Q1: 278,650,366 shares; 2025Q2: 183,650,366 shares; 2025Q3: 102,000,366 shares 102,000,366$888M13.27%-81,650,000Timeline
HGVHILTON GRAND VACATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,295,825 shares; 2024Q4: 26,295,825 shares; 2025Q1: 26,295,825 shares; 2025Q2: 26,295,825 shares; 2025Q3: 18,245,825 shares 18,245,825$763M11.39%-8,050,000Timeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 480,736 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,791 shares; 2025Q3: 3,954,746 shares 3,954,746$302M4.51%+3,952,955Timeline
RXTRACKSPACE TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,609,000 shares; 2024Q4: 129,609,000 shares; 2025Q1: 129,609,000 shares; 2025Q2: 129,609,000 shares; 2025Q3: 129,609,000 shares 129,609,000$183M2.73%0Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,706,886 shares; 2024Q4: 25,706,886 shares; 2025Q1: 25,706,886 shares; 2025Q2: 25,706,886 shares; 2025Q3: 25,706,886 shares 25,706,886$153M2.29%0Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,853,096 shares 10,853,096$66.4M0.99%newTimeline
XIFRXPLR INFRASTRUCTURE LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,612,586 shares; 2025Q2: 4,982,072 shares; 2025Q3: 4,980,000 shares 4,980,000$50.6M0.76%-2,072Timeline
TDAYUSA TODAY CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,202,459 shares; 2024Q4: 11,925,911 shares; 2025Q1: 11,653,303 shares; 2025Q2: 11,653,303 shares; 2025Q3: 11,900,000 shares 11,900,000$49.1M0.73%+246,697Timeline
ARKBARK 21SHARES BITCOIN ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,120,000 shares; 2024Q4: 1,120,000 shares; 2025Q1: 1,120,000 shares; 2025Q2: 1,275,000 shares; 2025Q3: 1,275,000 shares 1,275,000$48.5M0.72%0Timeline
CYHCOMMUNITY HEALTH SYS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,551,145 shares; 2024Q4: 6,689,741 shares; 2025Q1: 7,628,576 shares; 2025Q2: 7,628,576 shares; 2025Q3: 13,171,818 shares 13,171,818$42.3M0.63%+5,543,242Timeline
FIGRFIGURE TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,548,527 shares 1,548,527$38M0.57%newTimeline
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 232,438 shares; 2025Q3: 232,438 shares 232,438$33.3M0.5%0Timeline
VISNVISTANCE NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,178,079 shares; 2025Q2: 10,477,672 shares; 2025Q3: 2,064,687 shares 2,064,687$32M0.48%-8,412,985Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,467,696 shares; 2024Q4: 2,467,701 shares; 2025Q1: 2,388,852 shares; 2025Q2: 2,388,857 shares; 2025Q3: 2,388,863 shares 2,388,863$28.6M0.43%+6Timeline
PRIVSSGA ACTIVE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 481,880 shares; 2025Q3: 1,080,000 shares 1,080,000$27.6M0.41%+598,120Timeline
KMTKENNAMETAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 383,010 shares; 2025Q3: 1,311,128 shares 1,311,128$27.4M0.41%+928,118Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,000,000 shares; 2024Q4: 12,192,050 shares; 2025Q1: 12,192,050 shares; 2025Q2: 12,192,050 shares; 2025Q3: 10,950,922 shares 10,950,922$26.4M0.39%-1,241,128Timeline
SABRSABRE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,400,819 shares; 2024Q4: 14,400,819 shares; 2025Q1: 14,400,819 shares; 2025Q2: 14,400,819 shares; 2025Q3: 14,400,819 shares 14,400,819$26.4M0.39%0Timeline
ACIALBERTSONS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 569,000 shares; 2025Q1: 2,930,000 shares; 2025Q2: 2,930,000 shares; 2025Q3: 1,465,000 shares 1,465,000$25.7M0.38%-1,465,000Timeline
WOLFWOLFSPEED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 421,459 shares 421,459$12.1M0.18%newTimeline
FUBOTV INCFUBOTV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 8,300,000 shares; 2025Q2: 8,300,000 shares; 2025Q3: 8,300,000 shares 8,300,000$8.19M0.12%0
NBRNABORS INDUSTRIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 460,891 shares; 2024Q4: 334,284 shares; 2025Q1: 421,836 shares; 2025Q2: 650,623 shares; 2025Q3: 191,060 shares 191,060$7.81M0.12%-459,563Timeline
ARIAPOLLO COML REAL ESTATE FINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 665,573 shares; 2024Q4: 665,573 shares; 2025Q1: 665,573 shares; 2025Q2: 665,573 shares; 2025Q3: 665,573 shares 665,573$6.74M0.1%0Timeline
SNCYSUN CTRY AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,161,105 shares; 2024Q4: 6,346,105 shares; 2025Q1: not reported; 2025Q2: 580,537 shares; 2025Q3: 568,828 shares 568,828$6.72M0.1%-11,709Timeline
MNKDMANNKIND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 964,113 shares; 2024Q4: 664,113 shares; 2025Q1: 664,113 shares; 2025Q2: 664,113 shares; 2025Q3: 664,113 shares 664,113$3.57M0.05%0Timeline
AEVAAEVA TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 200,000 shares 200,000$2.9M0.04%newTimeline
SGHTSIGHT SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 671,520 shares; 2024Q4: 671,520 shares; 2025Q1: 671,520 shares; 2025Q2: 671,520 shares; 2025Q3: 671,520 shares 671,520$2.31M0.03%0Timeline
CCLDCARECLOUD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,844 shares; 2024Q4: 209,844 shares; 2025Q1: 209,844 shares; 2025Q2: 209,844 shares; 2025Q3: 209,844 shares 209,844$674K0.01%0Timeline
CIONCION INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,262 shares; 2024Q4: 63,262 shares; 2025Q1: 63,262 shares; 2025Q2: 63,262 shares; 2025Q3: 63,262 shares 63,262$600K0.01%0Timeline
ORGNORIGIN MATLS INC (DE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,197,474 shares; 2024Q4: 1,076,332 shares; 2025Q1: 1,076,332 shares; 2025Q2: 1,076,332 shares; 2025Q3: 1,076,332 shares 1,076,332$558K0.01%0Timeline
MXCTMAXCYTE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 307,987 shares; 2024Q4: 307,987 shares; 2025Q1: 307,987 shares; 2025Q2: 307,987 shares; 2025Q3: 307,987 shares 307,987$487K0.01%0Timeline
TKNOALPHA TEKNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 65,036 shares; 2025Q1: 65,036 shares; 2025Q2: 65,036 shares; 2025Q3: 65,036 shares 65,036$403K0.01%0Timeline
SPSCSPS COMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 837 shares; 2025Q2: 837 shares; 2025Q3: 3,349 shares 3,349$349K0.01%+2,512Timeline
NAMMWNAMIB MINERALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 823,332 shares; 2025Q3: 1,364,262 shares 1,364,262$191K<0.01%+540,930Timeline
RAINRAIN ENHANCEMENT TECHNOLOGIEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 23,970 shares; 2025Q2: 23,970 shares; 2025Q3: 23,970 shares 23,970$133K<0.01%0Timeline
SATLWSATELLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 147,784 shares; 2025Q3: 147,784 shares 147,784$51.7K<0.01%0Timeline
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,999 shares; 2024Q4: 149,999 shares; 2025Q1: 149,999 shares; 2025Q2: 149,999 shares; 2025Q3: 149,999 shares 149,999$42K<0.01%0
RAINWRAIN ENHANCEMENT TECHNOLOGIEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 217,457 shares; 2025Q2: 217,457 shares; 2025Q3: 217,457 shares 217,457$35.9K<0.01%0Timeline
FBYDWFALCONS BEYOND GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,433 shares; 2024Q4: 12,433 shares; 2025Q1: 12,433 shares; 2025Q2: 12,433 shares; 2025Q3: 12,433 shares 12,433$20.9K<0.01%0Timeline
ATERATERIAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,276 shares; 2024Q4: 2,276 shares; 2025Q1: 2,276 shares; 2025Q2: 2,276 shares; 2025Q3: 2,276 shares 2,276$2.39K<0.01%0Timeline
CLDICALIDI BIOTHERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,042 shares 1,042$1.58K<0.01%newTimeline
BNAIWBRAND ENGAGEMENT NETWORK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,143 shares; 2024Q4: 18,143 shares; 2025Q1: 18,143 shares; 2025Q2: 18,143 shares; 2025Q3: 18,143 shares 18,143$278<0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
IWMISHARES TR SHSput6,406,500$1.55Bnew
JPMJPMORGAN CHASE & CO COMput1,500,000$473Mnew
BAHBOOZ ALLEN HAMILTON HLDG COR Stockput1,713,600$171M+141,400
ORCLORACLE CORP COMput384,000$108Mnew
CRWVCOREWEAVE INC COMput400,000$54.7M0
ECHOECHOSTAR CORP CL Acall414,800$31.7M-100,600
STUBSTUBHUB HLDGS INC COMMON STOCKput1,437,200$24.2Mnew
CNXCCONCENTRIX CORP COMput258,300$11.9Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3principal429,887,137$1.06B+179,867,426
AEROVIRONMENT INCAEROVIRONMENT INC NOTE 7/1principal1,500,000$1.86Mnew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
QQQINVESCO QQQ TR655,000$361Mcall
HCAHCA HEALTHCARE INC738,900$283Mput
SMHVANECK ETF TRUST1,000,000$279Mput
WBDWARNER BROS DISCOVERY INC8,160,627$93.5Mshares
JAAAJANUS DETROIT STR TR1,432,523$72.7Mshares
TKOTKO GROUP HOLDINGS INC189,397$34.5Mshares
THE REALREAL INCTHE REALREAL INC22,454,000$17.9Mprincipal
ALGTALLEGIANT TRAVEL CO111,444$6.12Mshares
VISNVISTANCE NETWORKS INC700,000$5.8Mcall
WOLFSPEED INCWOLFSPEED INC12,500,000$3.14Mprincipal
REALTHE REALREAL INC2,894$13.9Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001449434-25-000012 base2025-11-14acceptance time not in the bulk data set