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Apollo funds disclose 8.5% Community Health stake (NYSE: CYH)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Apollo Capital Management, Apollo Management Holdings and affiliated funds report beneficial ownership of 11,838,609 shares of Community Health Systems, Inc. common stock, representing 8.5% of the class. The percentage is based on 138,519,615 shares outstanding as of October 17, 2025, from the company’s Form 10-Q.

The Apollo complex reports no sole voting or dispositive power and shared voting and dispositive power over these shares through multiple investment vehicles, including Apollo Credit Strategies Master Fund Ltd., AAA Multi-Asset Credit Strategies Fund (Z), L.P. and others. Several Apollo entities and executives expressly disclaim beneficial ownership of the shares.

The filing is an Amendment No. 3 to Schedule 13G, indicating the position is reported on a passive basis. The signatory certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Community Health Systems, other than limited activities related to director nominations under the cited SEC rule.

Positive

  • None.

Negative

  • None.





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)






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Apollo Management Holdings GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
AAA Multi-Asset Credit Strategies Fund (Z), L.P.
Signature:Apollo Aligned Alternatives Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:AAA Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
AAA Multi-Asset Credit Strategies Lux Fund (Z), L.P.
Signature:Apollo Aligned Alternatives Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:AAA Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Aligned Alternatives Advisors, L.P.
Signature:AAA Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Accord+ II Aggregator A, L.P.
Signature:Apollo Accord+ II Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Accord+ II Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Accord+ II Advisors, L.P.
Signature:Apollo Accord+ II Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Accord+ Management, L.P.
Signature:Apollo Accord+ Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Accord+ Management GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Atlas Master Fund, LLC
Signature:Apollo Atlas Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Atlas Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Credit Strategies Master Fund Ltd.
Signature:Apollo ST Fund Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo ST Fund Management LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo ST Operating LP
Signature:Apollo ST Capital LLC
Name/Title:General Partner
Date:02/13/2026
Signature:ST Management Holdings, LLC
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:02/13/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo ST Capital LLC
Signature:ST Management Holdings, LLC
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:02/13/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
ST Management Holdings, LLC
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:02/13/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Credit Strategies Absolute Return Aggregator A, L.P.
Signature:Apollo Credit Strategies Absolute Return Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Credit Strategies Absolute Return Management, L.P.
Signature:Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Credit Strategies Absolute Return Management, GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Credit Management, LLC
Signature:Apollo Capital Credit Management, LLC
Name/Title:Sole Member
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Capital Credit Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo SA Management, LLC
Signature:Apollo Capital Management, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo PPF Credit Strategies, LLC
Signature:Apollo PPF Credit Strategies Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo PPF Credit Strategies Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Centre Street Partnership, L.P.
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Centre Street Management, LLC
Signature:Apollo Capital Management, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Union Street Partners, L.P.
Signature:Apollo Union Street Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Union Street Capital Management, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Union Street Advisors, L.P.
Signature:Apollo Union Street Capital Management, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Union Street Capital Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
APH Holdings (FC), L.P.
Signature:Apollo Principal Holdings C, GP Ltd.
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Principal Holdings C GP, Ltd.
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Calliope Fund, L.P.
Signature:Apollo Calliope Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
AP Calliope GP, L.P.
Signature:Apollo Calliope Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Calliope Management, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Delphi Fund, L.P.
Signature:Apollo Delphi Advisors, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Delphi Advisors, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Delphi Management, L.P.
Signature:Apollo Delphi Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Delphi Management GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Excelsior, L.P.
Signature:Apollo Excelsior Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Excelsior Ultimate GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Excelsior Advisors, L.P.
Signature:Apollo Excelsior Ultimate GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Excelsior Management, L.P.
Signature:Apollo Excelsior Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Excelsior Management GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Moultrie Credit Fund, L.P.
Signature:Apollo Moultrie Credit Fund Management, LLC
Name/Title:Investment Manager
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Moultrie Credit Fund Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Moultrie Credit Fund Advisors, L.P.
Signature:Apollo Moultrie Capital Management, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Moultrie Capital Management, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
APH Holdings (DC), L.P.
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Hostplus Credit II Holdings II, L.P.
Signature:Apollo Hostplus Credit Partnership II, L.P.
Name/Title:Limited Partner
Date:02/13/2026
Signature:Apollo Hostplus Credit Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Hostplus Credit GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Principal Holdings B, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Hostplus Credit Partnership II, L.P.
Signature:Apollo Hostplus Credit Advisors, L.P.
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Hostplus Credit GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Principal Holdings B, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Hostplus Credit Advisors, L.P.
Signature:Apollo Hostplus Credit GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:Apollo Principal Holdings B, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:02/13/2026
Apollo Hostplus Credit GP, LLC
Signature:Apollo Principal Holdings B, L.P.
Name/Title:Sole Member
Date:02/13/2026
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Principal Holdings B, L.P.
Signature:Apollo Principal Holdings B GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Principal Holdings B GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Capital Management, L.P.
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Capital Management GP, LLC
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Apollo Management Holdings, L.P.
Signature:Apollo Management Holdings GP, LLC
Name/Title:General Partner
Date:02/13/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:02/13/2026
Exhibit Information

Joint Filing Agreement

FAQ

What stake in Community Health Systems (CYH) do Apollo entities report?

Apollo Capital Management, Apollo Management Holdings and affiliated funds report beneficial ownership of 11,838,609 Community Health Systems shares, equal to 8.5% of the common stock. This percentage is calculated against 138,519,615 shares outstanding as of October 17, 2025.

Is Apollo’s Community Health Systems (CYH) position reported as passive or active?

The position is reported as passive on an amended Schedule 13G. The certifying party states the securities were not acquired and are not held to change or influence control of Community Health Systems, other than limited activities tied to director nominations under SEC Rule 14a-11.

Which Apollo fund holds the largest Community Health Systems (CYH) position?

Apollo Credit Strategies Master Fund Ltd. reports beneficial ownership of 4,639,275 Community Health Systems shares, representing 3.3% of the common stock. Several other Apollo vehicles, including AAA Multi-Asset Credit Strategies Fund (Z), L.P., hold smaller percentages of the issuer’s shares.

How much voting power do Apollo entities report over Community Health Systems (CYH)?

Apollo entities report zero sole voting power and shared voting power over the same share amounts they beneficially own, including 11,838,609 shares for Apollo Capital Management. They also report shared dispositive power over these shares, reflecting control exercised through affiliated investment vehicles.

On what share count is Apollo’s 8.5% CYH ownership based?

The reported 8.5% beneficial ownership in Community Health Systems is based on 138,519,615 shares of common stock outstanding. This share count comes from the issuer’s Form 10-Q, which stated that figure as outstanding as of October 17, 2025.

Do Apollo executives personally claim ownership of the reported CYH shares?

The filing states that various Apollo entities and individuals, including Messrs. Marc Rowan, Scott Kleinman and James Zelter, disclaim beneficial ownership of the Community Health Systems shares. The report clarifies that it should not be construed as an admission of beneficial ownership for any such person or entity.
Community Health Sys Inc

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10.03%
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