SEC 13F Intelligence

Notable Investors / Q1 2026

Marc Rowan’s Portfolio — Apollo Management Holdings, L.P.

Co-Founder & CEO, Apollo Global Management

CIK 0001449434 · 9 W. 57TH STREET, NEW YORK, NY, 10019 · 212-515-3200

About Marc Rowan

Marc Rowan co-founded Apollo and, as CEO, drove the merger with Athene that made Apollo the model of the insurance-funded private-credit era — the strategy every large alternative manager now imitates.

Apollo-related 13Fs skew toward credit-linked equities, structured positions, and stakes tied to its funds' activity; like its megafund peers, the filing is a periscope on strategy, not a stock-picker's list.

Portfolio data below is from Apollo Management Holdings, L.P.’s SEC 13F filings. View the full filer page →

Reported Value
$7.6B
Q1 2026
Positions
87
Filings on Record
42
2019–present window
Filed
May 15, 2026
original filing

Summary

Apollo Management Holdings, L.P. reported $7.6B in U.S.-listed holdings across 87 positions for Q1 2026.

Its largest position, Echostar, represents 10.9% of the portfolio.

Compared with Q4 2025, the fund opened 17 new positions and exited 39.

Portfolio Metrics

Turnover
+13.8%
vs prior filed quarter
Top-10 Concentration
+58.2%
share of reported value
Largest Position
+10.9%
Echostar
New / Exited
17 / 39
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $8.8BQ4 ’18Q1 ’19: $8.9BQ2 ’19: $8.2BQ3 ’19: $8.3BQ4 ’19: $10.3BQ4 ’19Q1 ’20: $7.5BQ2 ’20: $9.1BQ3 ’20: $12.1BQ4 ’20: $13.5BQ4 ’20Q1 ’21: $16.4BQ2 ’21: $17.7BQ3 ’21: $20.2BQ4 ’21: $45.9BQ4 ’21Q1 ’22: $21.1BQ2 ’22: $14.2BQ3 ’22: $13.0BQ2 ’23: $12.0BQ2 ’23Q3 ’23: $9.7BQ4 ’23: $10.0BQ1 ’24: $7.5BQ2 ’24: $6.9BQ2 ’24Q3 ’24: $7.2BQ4 ’24: $7.2BQ1 ’25: $5.2BQ2 ’25: $7.5BQ2 ’25Q3 ’25: $9.1BQ4 ’25: $12.2BQ1 ’26: $7.6Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 55.5%ETP: 19.7%GLOBAL: 10.9%REIT: 8.5%ADR: 5.1%Other: 0.3%
  • Common Stock · 55.5% · $4.2B
  • ETP · 19.7% · $1.5B
  • GLOBAL · 10.9% · $827M
  • REIT · 8.5% · $646M
  • ADR · 5.1% · $385M
  • Other · 0.3% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INDEX FDSNEW+590.5K590.5K+$353M$353M
JPMJPMORGAN CHASE & CONEW+1.11M1.11M+$328M$328M
TPGTPG INCNEW+2.53M2.53M+$103M$103M
CHRCHURCHILL DOWNS INCNEW+477.0K477.0K+$43M$43M
ARESARES MANAGEMENT CORPORATIONNEW+330.3K330.3K+$36M$36M
OCOWENS CORNING NEWNEW+240.6K240.6K+$26M$26M
MHKMOHAWK INDS INCNEW+242.1K242.1K+$24M$24M
BLDRBUILDERS FIRSTSOURCE INCNEW+287.6K287.6K+$24M$24M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ECHOECHOSTAR CORPNOTE 3.875%11/3 · CL A13.78%$1.0B232.77M
2PXEDPHOENIX ED PARTNERS INChistory →COM10.30%$783M24.90M
3HGVHILTON GRAND VACATIONS INChistory →COM9.39%$714M18.25M
4ADTADT INC DELhistory →COM8.81%$670M102.00M
5AEROGRUPO AEROMEXICO SAB DE CVhistory →SPONSORED ADS5.07%$385M27.51M
6VANGUARD INDEX FDSS&P 500 ETF SHS4.64%$353M590.5K
7NVDANVIDIA CORPORATIONhistory →COM2.29%$174M1.00M
8KMXCARMAX INChistory →COM2.27%$172M4.14M
9GBTGGLOBAL BUSINESS TRAVEL GROUPhistory →COM CL A1.68%$128M22.88M
10RXTRACKSPACE TECHNOLOGY INChistory →COM1.67%$127M129.61M
11CMCSACOMCAST CORP NEWhistory →CL A1.64%$124M4.34M
12TPGTPG INChistory →COM CL A1.35%$103M2.53M
13UNITUNITI GROUP LLChistory →COM SHS1.14%$87M9.27M
14TDAYUSA TODAY CO INChistory →COM1.12%$86M12.13M
15INVHINVITATION HOMES INChistory →COM0.66%$50M2.02M
16VENVENTAS INChistory →COM0.63%$48M581.3K
17VICIVICI PPTYS INChistory →COM0.61%$46M1.70M
18CHRCHURCHILL DOWNS INChistory →COM0.56%$43M477.0K
19PSAPUBLIC STORAGE OPER COhistory →COM0.51%$39M144.0K
20EXREXTRA SPACE STORAGE INChistory →COM0.49%$38M286.5K
21ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK0.47%$36M330.3K
22CYHCOMMUNITY HEALTH SYS INC NEWhistory →COM0.44%$34M11.49M
23SPGSIMON PPTY GROUP INC NEWhistory →COM0.41%$32M169.0K
24OREALTY INCOME CORPhistory →COM0.41%$31M508.8K
25BRXBRIXMOR PPTY GROUP INChistory →COM0.39%$29M1.02M
26KIMKIMCO REALTY CORPhistory →COM0.37%$28M1.24M
27IRON MTN INC DELCOM0.36%$27M265.5K
28OCOWENS CORNING NEWhistory →COM0.34%$26M240.6K
29AMHAMERICAN HOMES 4 RENThistory →CL A0.34%$26M924.1K
30UDRUDR INChistory →COM0.34%$25M754.1K
31MFICMIDCAP FINANCIAL INVSTMNT COhistory →COM NEW0.33%$25M2.25M
32JANUS DETROIT STR TRHENDRSON AAA CL0.33%$25M500.0K
33CPTCAMDEN PPTY TRhistory →SH BEN INT0.32%$24M245.4K
34MHKMOHAWK INDS INChistory →COM0.31%$24M242.1K
35ADCAGREE RLTY CORPhistory →COM0.31%$24M315.8K
36BLDRBUILDERS FIRSTSOURCE INChistory →COM0.31%$24M287.6K
37JAMES HARDIE INDS PLCORD SHS0.29%$22M1.17M
38MBCMASTERBRAND INChistory →COMMON STOCK0.29%$22M2.64M
39SABRSABRE CORPhistory →COM0.27%$21M14.40M
40SSGA ACTIVE TRSTATE STREET IG0.26%$20M790.0K
41KRGKITE REALTY GROUP TRUSThistory →COM NEW0.25%$19M768.3K
42AEVAAEVA TECHNOLOGIES INChistory →COM NEW0.24%$18M1.39M
43ELSEQUITY LIFESTYLE PROPERTIEShistory →COM0.22%$17M264.7K
44OMEGA HEALTHCARE INVS INCCOM0.21%$16M357.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$7.6B87May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$12.2B109Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$9.1B54Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.5B54Aug 18, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$5.2B51May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.2B53Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.2B49Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.9B55Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.5B64May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$10.0B69Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$9.7B82Nov 15, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2023$12.0B134Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review172May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022REVEALEDUnder review198Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$13.0B241Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$14.2B262Aug 16, 202213F-HRchanges · EDGAR ↗
Q1 2022$21.1B362May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$45.9B525Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$20.2B165Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$17.7B117Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$16.4B150May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$13.5B88Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$12.1B77Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$9.1B56Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$7.5B70May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$10.3B52Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$8.3B62Nov 15, 2019RESTATEMENTchanges · EDGAR ↗
Q2 2019$8.2B65Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.9B76May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$8.8B80Feb 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Apollo Capital Management, L.P.28-13441

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.