Apollo Management Holdings, L.P.
Long book
$5.16B
Q1 2026
Positions
80
Top-10 weight
72%
concentration
Last quarter
+27.9%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsApollo Management Holdings, L.P. is a concentrated fundamental stock-picker, running a $5.16B US long book across 80 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PHOENIX EDUCATION PARTNERS I, HILTON GRAND VACATIONS INC, ADT INC, GRUPO AEROMEXICO SAB DE CV, VANGUARD S&P 500 ETF.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+6.1%
Q2 2024
-4.3%
Q3 2024
+0.8%
Q4 2024
+4.8%
Q1 2025
+5.2%
Q2 2025
+7.4%
Q3 2025
+2.4%
Q4 2025
-6.4%
Q1 2026
+27.9%
Sector allocation
Services media 60%
Communications 12%
Technology 9%
Consumer discretionary 5%
Industrials 5%
Other 4%
Financials 4%
Healthcare 1%
Long book by quarter
What does Apollo Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PXED PHOENIX EDUCATION PARTNERS I | Services media | 24.9M | $783.4M | 15.2% | Held |
| HGV HILTON GRAND VACATIONS INC | Services media | 18.2M | $713.8M | 13.8% | Held |
| ADT ADT INC | Services media | 102.0M | $670.1M | 13.0% | Held |
| ECHO ECHOSTAR CORP-A | Communications | 1.9M | $220.6M | 4.3% | -23.5% |
| NVDA NVIDIA CORP | Technology | 1.0M | $174.4M | 3.4% | +100.0% |
| KMX CARMAX INC | Consumer discretionary | 4.1M | $172.3M | 3.3% | -17.9% |
| GBTG GLOBAL BUSINESS TRAVEL GROUP | Industrials | 22.9M | $127.7M | 2.5% | Held |
| RXT RACKSPACE TECHNOLOGY INC | Technology | 129.6M | $127.0M | 2.5% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 4.3M | $124.5M | 2.4% | +94.0% |
| TPG TPG INC | Financials | 2.5M | $102.5M | 2.0% | New |
| UNIT UNITI GROUP INC | Communications | 9.3M | $87.0M | 1.7% | -3.4% |
| TDAY USA TODAY CO INC | Other | 12.1M | $85.5M | 1.7% | Held |
| CHDN CHURCHILL DOWNS INC | Services media | 477.0K | $42.8M | 0.8% | New |
| ARES ARES MANAGEMENT CORP - A | Financials | 330.3K | $36.0M | 0.7% | New |
| CYH COMMUNITY HEALTH SYSTEMS INC | Healthcare | 11.5M | $33.8M | 0.7% | -3.0% |
| MFIC MIDCAP FINANCIAL INVESTMENT | — | 2.3M | $26.4M | 0.5% | -1.7% |
| OC OWENS CORNING | Industrials | 240.6K | $26.0M | 0.5% | New |
| MHK MOHAWK INDUSTRIES INC | Other | 242.1K | $23.8M | 0.5% | New |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 287.6K | $23.7M | 0.5% | New |
| JHX JAMES HARDIE IND PLC | Industrials | 1.2M | $22.3M | 0.4% | New |
| MBC MASTERBRAND INC | Other | 2.6M | $21.9M | 0.4% | New |
| SABR SABRE CORP | Technology | 14.4M | $20.9M | 0.4% | Held |
| AEVA AEVA TECHNOLOGIES INC | Industrials | 1.4M | $18.3M | 0.4% | Held |
| OPTU OPTIMUM COMMUNICATIONS INC-A | Communications | 6.1M | $7.9M | 0.2% | Held |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 16.1K | $4.9M | 0.1% | New |
| WH WYNDHAM HOTELS & RESORTS INC | Services media | 58.9K | $4.8M | 0.1% | New |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 14.3K | $4.7M | 0.1% | New |
| H HYATT HOTELS CORP - CL A | Services media | 30.0K | $4.3M | 0.1% | New |
| SGHT SIGHT SCIENCES INC | Healthcare | 335.0K | $1.3M | 0.0% | -34.4% |
| MNKD MANNKIND CORP | Healthcare | 484.0K | $1.2M | 0.0% | -27.1% |
| CCLD CARECLOUD INC | Technology | 209.8K | $766K | 0.0% | Held |
| CION CION INVESTMENT CORP | — | 63.3K | $433K | 0.0% | Held |
| MXCT MAXCYTE INC | Healthcare | 308.0K | $216K | 0.0% | Held |
| TKNO ALPHA TEKNOVA INC | Materials | 65.0K | $188K | 0.0% | Held |
| SPSC SPS COMMERCE INC | Technology | 3.3K | $186K | 0.0% | Held |
| RAIN RAIN ENHANCEMENT TECHNO-CL A | Industrials | 24.0K | $61K | 0.0% | Held |
| ATER ATERIAN INC | Industrials | 2.3K | $1K | 0.0% | Held |
| CLDI CALIDI BIOTHERAPEUTICS INC | Healthcare | 1.0K | $249 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 87 | $7.60B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 109 | $12.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 54 | $9.12B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 18, 2025 | 54 | $7.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 54 | $7.75B | SEC ↗ | |
| Q1 2025 | 13F-HR | May 15, 2025 | 51 | $5.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 53 | $7.24B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 49 | $7.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 55 | $6.86B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 64 | $7.51B | canonical | SEC ↗ |
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