Newtyn reports 7.9% stake in Apollo Commercial

Newtyn Management, LLC and Newtyn TE Partners, LP report significant ownership stakes in Apollo Commercial Real Estate Finance, Inc. common stock.

Rhea-AI Filing Summary

Newtyn Management, LLC and Newtyn TE Partners, LP report significant ownership stakes in Apollo Commercial Real Estate Finance, Inc. common stock. As of July 23, 2026, Newtyn Management, as investment manager to Newtyn TE Partners and Newtyn Partners, LP, may be deemed to beneficially own 10,311,147 shares of common stock, representing 7.9% of the class, with sole voting and dispositive power over these shares. Newtyn TE Partners directly holds 6,619,757 shares, representing 5.1% of the class, also with sole voting and dispositive power. Beneficial ownership percentages are based on 130,947,251 shares of common stock outstanding as of May 18, 2026, as reported by the issuer.

Key Figures

Newtyn Management beneficial ownership: 10,311,147 shares Newtyn Management percent of class: 7.9% Newtyn TE Partners holdings: 6,619,757 shares +3 more

6 metrics

Newtyn Management beneficial ownership 10,311,147 shares Common stock of Apollo Commercial Real Estate Finance as of July 23, 2026

Newtyn Management percent of class 7.9% Percentage of Apollo Commercial common stock outstanding

Newtyn TE Partners holdings 6,619,757 shares Direct holdings of Apollo Commercial common stock as of July 23, 2026

Newtyn TE Partners percent of class 5.1% Percentage of Apollo Commercial common stock outstanding

Shares outstanding baseline 130,947,251 shares Apollo Commercial common stock issued and outstanding as of May 18, 2026

Par value per share $0.01 per share Apollo Commercial Real Estate Finance common stock

Key Terms

beneficially own, sole voting power, sole dispositive power, percent of class, +1 more

5 terms

beneficially own financial

"may be deemed to beneficially own the 10,311,147 Common Stock held in the aggregate"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power financial

"Sole Voting Power 10,311,147.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 10,311,147.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: Newtyn Management, LLC - 7.9 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

investment manager financial

"Newtyn Management is the investment manager to NTE, and Newtyn Partners, LP"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Apollo Commercial Real Estate Finance (ARI) does Newtyn Management, LLC beneficially own?

Newtyn Management, LLC may be deemed to beneficially own 7.9% of Apollo Commercial Real Estate Finance’s common stock, or 10,311,147 shares, based on 130,947,251 shares outstanding as of May 18, 2026.

How many Apollo Commercial Real Estate Finance (ARI) shares does Newtyn TE Partners, LP hold?

Newtyn TE Partners, LP directly holds 6,619,757 shares of Apollo Commercial Real Estate Finance common stock, representing 5.1% of the outstanding class, as of July 23, 2026, with sole voting and dispositive power over these shares.

What is the total number of Apollo (ARI) shares outstanding used for Newtyn’s ownership calculation?

The reported ownership percentages are calculated using 130,947,251 shares of Apollo Commercial Real Estate Finance common stock issued and outstanding as of May 18, 2026, as referenced from the company’s Definitive Proxy Statement.

Does Newtyn Management, LLC share voting power over Apollo Commercial Real Estate Finance (ARI) shares?

Newtyn Management, LLC reports sole voting power over 10,311,147 Apollo Commercial Real Estate Finance shares and 0 shared voting power, indicating exclusive authority to vote those reported shares.

Who signed the Schedule 13G filing related to Apollo Commercial Real Estate Finance (ARI)?

The Schedule 13G was signed by Eugene Dozortsev as Authorized Signatory, including in his capacity as Authorized Signatory of Newtyn Management, LLC, the investment manager, on July 30, 2026.

What class of securities in Apollo Commercial Real Estate Finance (ARI) is reported in this Schedule 13G?

The filing covers Apollo Commercial Real Estate Finance’s common stock, par value $0.01 per share, identified by CUSIP 03762U105, with Newtyn entities reporting beneficial ownership of this class.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 04:15 PM Accepted by SEC EDGAR 07/30/2026 - 04:15 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Apollo Commercial Real Estate Finance, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

03762U105

(CUSIP Number)

07/23/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 03762U105

1

Names of Reporting Persons

Newtyn Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,311,147.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,311,147.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,311,147.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 2 for additional information.

SCHEDULE 13G

CUSIP Number(s): 03762U105

1

Names of Reporting Persons

Newtyn TE Partners, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,619,757.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,619,757.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,619,757.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 2 for additional information.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Apollo Commercial Real Estate Finance, Inc.
(b)	Address of issuer's principal executive offices: 9 West 57th Street, 42nd Floor, New York, New York 10019
Item 2.
(a)	Name of person filing: This report on Schedule 13G is being filed by (i) Newtyn Management, LLC, a New York limited liability company (the "Newtyn Management ") and (ii) Newtyn TE Partners, LP, a Delaware limited partnership ("NTE", and collectively with Newtyn Management, the "Reporting Persons"). Newtyn Management is the investment manager to NTE, and Newtyn Partners, LP, a Delaware limited partnership ("NP"). As of July 23, 2026, NTE held 6,619,757 of common stock (the "Common Stock"), of Apollo Commercial Real Estate Finance, Inc. (the "Issuer"), and NP held 3,691,390 Common Stock. Accordingly, as of July 23, 2026, Newtyn Management, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of July 23, 2026, Newtyn Management may be deemed to beneficially own the 10,311,147 Common Stock held in the aggregate by NTE and NP. Beneficial ownership percentages are based upon approximately 130,947,251 Common Stock issued and outstanding as of May 18, 2026, based on information reported by the Issuer in its Definitive Proxy Statement on Schedule 14-A filed with the Securities and Exchange Commission on May 29, 2026.
(b)	Address or principal business office or, if none, residence: The address for the Reporting Persons is 60 East 42nd Street, 12th Floor, New York, NY 10165.
(c)	Citizenship: Newtyn Management is organized under the laws of the State of New York. NTE is organized under the laws of the State of Delaware.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 03762U105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Newtyn Management, LLC - 10,311,147.00 Newtyn TE Partners, LP - 6,619,757.00
(b)	Percent of class: Newtyn Management, LLC - 7.9 % Newtyn TE Partners, LP - 5.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Newtyn Management, LLC - 10,311,147.00 Newtyn TE Partners, LP - 6,619,757.00
	(ii) Shared power to vote or to direct the vote: Newtyn Management, LLC - 0.00
	(iii) Sole power to dispose or to direct the disposition of: Newtyn Management, LLC - 10,311,147.00 Newtyn TE Partners, LP - 6,619,757.00
	(iv) Shared power to dispose or to direct the disposition of: Newtyn Management, LLC - 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Newtyn Management, LLC

Signature:	/s/ Eugene Dozortsev
Name/Title:	Eugene Dozortsev, Authorized Signatory
Date:	07/30/2026

Newtyn TE Partners, LP

Signature:	/s/ Eugene Dozortsev
Name/Title:	Eugene Dozortsev, Authorized Signatory of Newtyn Management, LLC, the Investment Manager
Date:	07/30/2026

Exhibit Information

Exhibit 1 - Joint Filing Agreement