California State Teachers Retirement System 13F: Cuts APO Stake by $1.8M

CalSTRS Trims Apollo Position

California State Teachers Retirement System has trimmed its stake in Apollo Global Management, Inc. (NYSE: APO) by 14,897 shares, a 2.26% decrease, bringing its total to 643,713 shares. The value of this position is approximately $76.1 million based on the latest share price of $118.29 on May 18, 2026.

What Changed in CalSTRS' Position

California State Teachers Retirement System reduced its holdings from 658,610 shares to 643,713 shares. This reduction shows a strategic adjustment in their investment in Apollo Global Management, reflecting a cautious stance amid market conditions.

Institutional Activity Around Apollo

Several other funds have also made moves with Apollo Global Management recently. On May 7, 2026, Swiss National Bank increased its stake by nearly 6.89%, reflecting confidence in the company's future. In contrast, Metlife Investment Management cut its holdings by 3,393 shares, a 2.73% decrease. Similarly, AllianceBernstein significantly reduced its position, cutting it by nearly half to 891,998 shares. This trend among institutional investors indicates a mix of strategies as they navigate the current market landscape.

How Apollo Global Management, Inc. Stock Has Traded

Apollo Global Management shares are currently trading at $118.29, which is above its 52-week low of $99.56 but well below its high of $153.29. The stock has faced some fluctuations recently, as evidenced by the recent close of $113.39. Investors will be watching how these price movements may affect future positions and strategies.

Analysts Set New Price Targets

On October 13, 2026, UBS maintained a Buy rating on Apollo Global Management with a price target of $163, down from $172. TD Cowen also kept its Buy rating but reduced its target to $154 from $159. Meanwhile, Wells Fargo initiated coverage with an Equal-Weight rating and a target of $127. Overall, analysts have a consensus Buy recommendation with a mean price target of $150.1, suggesting a positive outlook for the company despite recent share price changes.

What Apollo Global Management, Inc. Does

Apollo Global Management, Inc. is a private equity firm based in New York, specializing in various investment strategies including private equity, credit, and real estate. The firm caters to institutional investors and has a diverse portfolio across multiple sectors, which positions it well for future growth.

What's Ahead for Apollo Global Management, Inc.

Investors will be keenly awaiting the next earnings report scheduled for November 3, 2026. As a reminder, this 13F filing reflects holdings as of May 18, 2026, and may not represent the current position of California State Teachers Retirement System. Market watchers will continue to track how institutional positions evolve in response to upcoming earnings and market conditions.