STOCK TITAN

Apollo group discloses 8.3% USA TODAY Co. (TDAY) stake across multiple funds

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Apollo-affiliated investment entities report a significant passive ownership position in USA TODAY Co., Inc. common stock. Through various funds and management entities, the Reporting Persons collectively report beneficial ownership of 12,128,756 shares of common stock, representing 8.3% of the class, based on 146,817,941 shares outstanding as of August 3, 2026.

The largest holding is by Apollo Credit Strategies Master Fund Ltd. at 10,167,211 shares (6.9%), with additional stakes held by Apollo Atlas Master Fund, Apollo Credit Strategies Absolute Return entities, and Apollo PPF Credit Strategies entities. All Reporting Persons report no sole voting or dispositive power and instead share voting and dispositive power over their respective positions. The filing states that each Reporting Person disclaims beneficial ownership of shares beyond those held of record, and that the filing should not be construed as an admission of beneficial ownership for any purpose.

Positive

  • None.

Negative

  • None.
Shares beneficially owned (group level) 12,128,756 shares Beneficially owned by Capital Management, Capital Management GP, Management Holdings, and Management Holdings GP
Percent of class owned (group level) 8.3% Based on 146,817,941 shares of common stock outstanding as of August 3, 2026
Credit Strategies shares 10,167,211 shares Common stock beneficially owned by Apollo Credit Strategies Master Fund Ltd. (6.9% of class)
Absolute Return shares 953,507 shares Common stock beneficially owned by Apollo Credit Strategies Absolute Return Aggregator A, L.P.
PPF Credit Strategies shares 794,135 shares Common stock beneficially owned by Apollo PPF Credit Strategies, LLC (0.5% of class)
Atlas shares 213,903 shares Common stock beneficially owned by Apollo Atlas Master Fund, LLC (0.1% of class)
Shares outstanding 146,817,941 shares Common stock outstanding as of August 3, 2026, used to calculate ownership percentages
beneficial ownership regulatory
"Atlas, Absolute Return, Credit Strategies, and PPF Credit Strategies each disclaims beneficial ownership of all shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting power regulatory
"Shared Voting Power 12,128,756.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power regulatory
"Shared Dispositive Power 12,128,756.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
exempted company financial
"Atlas, Credit Strategies, and ST Management Holdings are each an exempted company incorporated in the Cayman Islands"
limited partnership financial
"Absolute Return is a Cayman Islands exempted limited partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
CUSIP No. financial
"CUSIP No.: 36472T109"

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

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FAQ

What ownership stake in USA TODAY Co., Inc. (TDAY) do Apollo entities report?

Apollo-affiliated entities report beneficial ownership of 12,128,756 shares of USA TODAY Co., Inc. common stock, representing 8.3% of the outstanding shares based on 146,817,941 shares outstanding as of August 3, 2026.

Which Apollo fund holds the largest position in USA TODAY Co., Inc. (TDAY)?

Apollo Credit Strategies Master Fund Ltd. holds the largest reported position, with 10,167,211 shares of USA TODAY Co., Inc. common stock, equal to 6.9% of the class, as part of the overall 8.3% stake reported by the Apollo group.

Do Apollo entities have sole or shared voting power over TDAY shares?

All Apollo Reporting Persons report 0 shares with sole voting power and instead report shared voting power over their respective holdings, including 12,128,756 shares at the Capital Management level, indicating decisions are made on a shared basis.

How many USA TODAY Co., Inc. (TDAY) shares are used to calculate Apollo’s 8.3% stake?

The reported 8.3% ownership is based on 146,817,941 shares of USA TODAY Co., Inc. common stock outstanding as of August 3, 2026, as referenced from the company’s Quarterly Report on Form 10-Q filed on August 6, 2026.

Do Apollo entities admit full beneficial ownership of all TDAY shares reported?

No. The filing states that each Reporting Person disclaims beneficial ownership of shares other than those held of record, and that the report should not be construed as an admission of beneficial ownership for purposes of Section 13(d) or 13(g) or any other purpose.

Which Apollo entities act as investment managers for the TDAY positions?

Investment management roles include Apollo Atlas Management, LLC for Atlas, Apollo Credit Strategies Absolute Return Management, L.P. for Absolute Return, Apollo ST Fund Management LLC for Credit Strategies, and Apollo PPF Credit Strategies Management, LLC for PPF Credit Strategies.





36472T109

(CUSIP Number)
06/30/2026

(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)




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Apollo Management Holdings GP, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Atlas Master Fund, LLC
Signature:Apollo Atlas Management, LLC
Name/Title:Investment Manager
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Atlas Management, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Credit Strategies Absolute Return Aggregator A, L.P.
Signature:Apollo Credit Strategies Absolute Return Advisors, L.P.
Name/Title:General Partner
Date:08/10/2026
Signature:Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Credit Strategies Absolute Return Management, L.P.
Signature:Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Credit Strategies Absolute Return Management GP, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Credit Strategies Master Fund Ltd.
Signature:Apollo ST Fund Management, LLC
Name/Title:Investment Manager
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo ST Fund Management LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo ST Operating LP
Signature:Apollo ST Capital LLC
Name/Title:General Partner
Date:08/10/2026
Signature:ST Management Holdings, LLC
Name/Title:Sole Member
Date:08/10/2026
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:08/10/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William Kuesel
Name/Title:William Kuesel, Vice President
Date:08/10/2026
Apollo ST Capital LLC
Signature:ST Management Holdings, LLC
Name/Title:Sole Member
Date:08/10/2026
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:08/10/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
ST Management Holdings, LLC
Signature:Apollo Capital Management, L.P.
Name/Title:Managing Member
Date:08/10/2026
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo PPF Credit Strategies, LLC
Signature:Apollo PPF Credit Strategies Management, LLC
Name/Title:Investment Manager
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo PPF Credit Strategies Management, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Capital Management, L.P.
Signature:Apollo Capital Management GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Capital Management GP, LLC
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026
Apollo Management Holdings, L.P.
Signature:Apollo Management Holdings GP, LLC
Name/Title:General Partner
Date:08/10/2026
Signature:/s/ William B. Kuesel
Name/Title:William B. Kuesel, Vice President
Date:08/10/2026