Apollo Management Holdings, L.P.
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 28 quarters, returned +5.3% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 60.7% of quarters (excess t = 1.25, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 81 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| ECHO | $827M | | TRIM |
| PXED | $783M | | HOLD |
| HGV | $714M | | HOLD |
| ADT | $670M | | HOLD |
| AERO | $385M | | HOLD |
| VOO | $353M | | NEW |
| ECHO | $221M | | TRIM |
| NVDA | $174M | | ADD |
| KMX | $172M | | TRIM |
| GBTG | $128M | | HOLD |
| RXT | $127M | | HOLD |
| CMCSA | $124M | | ADD |
| TPG | $103M | | NEW |
| UNIT | $87M | | TRIM |
| TDAY | $86M | | HOLD |
| INVH | $50M | | ADD |
| VTR | $48M | | HOLD |
| VICI | $46M | | ADD |
| CHDN | $43M | | NEW |
| PSA | $39M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.