What smart money is saying about Apollo
2 funds in our archive have pitched Apollo — most recently Burke Wealth Management Focused Growth Strategy in June 2026.
Apollo Global Management, Inc. operates as a prominent investment management firm, primarily concentrating its efforts across credit, private equity, and real estate asset classes. Within its private equity division, Apollo engages in a broad spectrum of transactions, ranging from traditional management buyouts, recapitalizations, and distressed acquisitions to corporate carve-outs, growth capital infusions, turnaround financing, bridge loans, strategic acquisitions, and industry consolidation initiatives. This also includes debt investments in real estate and corporate partnerships, along with investments in distressed assets and special situations within the middle market. Its client base is diverse, encompassing sovereign wealth and endowment funds, as well as various other institutional and private investors. The firm constructs and oversees bespoke portfolios for clients and actively manages a suite of investment vehicles, including hedge funds, real estate funds, and private equity funds. Globally, Apollo also deploys capital in fixed income and alternative investment markets. Its fixed income strategies span a wide array, featuring income-oriented senior secured loans, corporate bonds, collateralized loan obligations (CLOs), structured credit products, opportunistic and non-performing loans, distressed debt, mezzanine financing, and other value-oriented fixed income instruments. Apollo seeks investment opportunities across numerous sectors, such as chemicals, energy (including oil, gas, natural resources), metals and mining, agriculture, consumer and retail, distribution and transportation, financial and business services, manufacturing and industrial, media (distribution, cable, entertainment), telecommunications, technology, packaging and materials, and satellite and wireless communications. Geographically, the firm targets investments in Africa, North America (with a strong emphasis on the United States), and Europe, while also making significant inroads into Western Europe and Asia. Its investment methodology combines contrarian insights with a rigorous focus on intrinsic value and distressed situations. Apollo typically commits equity capital ranging from $10 million to $1.5 billion per transaction, generally pursuing companies with an enterprise value between $750 million and $2.5 billion. Proprietary in-house research underpins its investment selection process. The firm is open to acquiring both minority and controlling stakes in its portfolio companies. Established in 1990 and headquartered in New York, New York, Apollo maintains additional offices across North America, Asia, and Europe to support its global operations.
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Position history
Between Q1 2025 and Q4 2026, 8 fund letters reported a position in Apollo — 3 opened or added to the position, 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 5 | 3 | 1 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 1 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 8 positions · 5 moves
- HoldsBeck Mack & OliverOctober 2026
Listed in Beck Mack & Oliver’s reported holdings.
Apollo - June 2026
“With investors myopically focused on AI, we are finding terrific opportunities in other areas of the market. Indeed, our outlook for the portfolio is the most constructive it has been in years. We recently built significant positions in ADP, Blackstone, Marsh & McLennan and Otis and added materially to positions in Apollo, Haleon and Unilever.”
Apollo - June 2026
“We continue to own several such great companies in our portfolio (DBS, TSMC, Tencent, CNOOC, Sheng Siong, KKR, Apollo, Microsoft etc.) and have selectively added onto them in the past quarter.”
Apollo - AddedAGT Partners FundJune 2026
“We continue to own several such great companies in our portfolio (DBS, TSMC, Tencent, CNOOC, Sheng Siong, KKR, Apollo, Microsoft etc.) and have selectively added onto them in the past quarter.”
Apollo - TrimmedAve Maria FundsJune 2026
“UNDERPERFORMERS COMPANY TOTAL RETURN TIC Solutions, Inc. -19.98% Apollo Global Management, Inc. -17.57%”
Apollo - New positionBurke Wealth Management Focused Growth StrategyJune 2026
“Apollo We initiated a 3% position in Apollo during the second quarter.”
Apollo - HoldsBaron FinTech FundSeptember 2025
“Our more credit-sensitive holdings, such as KKR & Co. Inc. and Apollo Global Management, Inc., saw their share prices pull back as investors extrapolated negative headlines to the broader private credit industry.”
Apollo - June 2025
Listed in AMG River Road Mid Cap Value Fund’s reported holdings.
Apollo
Also mentioned · 12
These funds discuss Apollo — as a competitor, benchmark or comparable — without disclosing a position in it.
- September 2026
“easyJet rose as it benefited from a bidding war between Apollo and Castlelake. The final successful offer came from Apollo who agreed with the board to buy the company at 715p a share.”
Apollo - MentionedEdgewood Large Cap Growth StrategySeptember 2026
“The structure of the market has shifted meaningfully. Passive investing has expanded, index concentration has risen alongside those flows, and we believe market participants have become increasingly short-term oriented. This speculative environment is starkly illustrated by data over the 12-month period ended June 30, 2026 cited by Apollo’s Chief Economist showing that profitable businesses in the Russell 2000 have underperformed businesses that lose money.”
Apollo - September 2026
“However, many still appear to embed a relatively uninterrupted path to the trillions of revenue necessary to generate a return on five-plus years of aggressive investment. Apollo’s Torsten Slock captured the current tension well: “The bottom line is that the AI boom is clearly visible in the investment data and in equity valuations, but it is not yet visible in the productivity statistics, which means the productivity payoff from AI remains a forecast rather than an observation.””
Apollo - MentionedBeck Mack & Oliver PortfolioJuly 2026
“The S&P 500 was up more than 16% over the course of April and May, and the index finished the second quarter up approximately 10% year-to-date, a remarkable reversal from being down more than 4% as of the end of March. The 16% move during first two months of the second quarter was unusually large for such a short period of time and was concentrated among a narrow group of stocks, nearly all of which sell semiconductors or related components in high demand due to the ongoing buildout of artificial intelligence (AI) infrastructure. During this two-month stretch nearly 80% of the S&P 500’s constituents underperformed the index itself, and nearly 40% were down in absolute terms. Torsten Slok, chief economist at Apollo Global Management, recently observed that excluding AI and energy the S&P 500 would be down on the year.”
Apollo - July 2026
“Securitize has established partnerships with top managers such as Apollo, BlackRock, KKR as well as many others.”
Apollo - MentionedSVN Capital FundJune 2026
“By Apollo Global’s math, as of mid-June, if you strip out AI and energy, the US market’s entire gain for the year disappeared; the rest of the index, taken together, was worth less than where it started the year.”
Apollo - June 2026
“Another holding, Bodycote, also received a bid approach but the bidder, Apollo, subsequently withdrew their interest.”
Apollo - MentionedWilkins Investment Counsel SummerJune 2026
Named in a table in Wilkins Investment Counsel Summer’s letter.
Apollo - MentionedLansing Street AdvisorsMarch 2026
“If the private world goes “worst case”—are we facing a 2008 situation? I think not. As Torsten Slok at Apollo has pointed out, the direct lending market is roughly $2 trillion—representing about 3% of total debt outstanding for U.S. households and businesses.”
Apollo - MentionedNinepointJune 2025
“Growing Demand for Cryptoassets So far, in 2025, we’ve seen rapid, large-scale adoption of crypto, AI and other emerging technologies by institutional players. Asset managers like BlackRock, Fidelity and Apollo are tokenizing real-world assets on public blockchains; major banks are developing stablecoins; and payment giants like Visa and PayPal are expanding crypto access.”
Apollo - MentionedSteward AMJune 2025
““Our investors expect us to lean in when others pull back, and we have done exactly that.” David Sambur and Matt Nord, Apollo Equity Co-Heads”
Apollo - MentionedCove street CapitalJune 2025
“We habitually note in this space and have now booked a Starship flight to take the argument to outer space because it has not seemed relevant for a decade on this planet, credit is arguably more important than the level of interest rates to equity markets. Canaries are apparently extinct as well as coal mines. This summer had record junk debt issuance at spreads as tight as they have ever been. Apollo, Blackrock, KKR, Blue Owl et al continue to raise dollars with impunity.”
Apollo
Fund coverage · 2 theses
- Burke Wealth Management Focused Growth StrategyJune 2026
Apollo combines scale in private credit, strong origination, and a stable capital base, with attractive long-term fundamentals and a discounted entry point.
Read the full thesis - Liontrust GF Global Dividend FundMarch 2025
Apollo Global Management is well-positioned to capitalize on market volatility and deliver long-term growth through its resilient business model and strategic investments in private credit.
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