SCHEDULE 13G: BlackRock Discloses 6.3% Stake in Apollo Global Management
Beneficial Ownership Disclosure
BlackRock, Inc. has filed a Schedule 13G, revealing its beneficial ownership of 6.3% of the common stock of Apollo Global Management, Inc. as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 35,519,094 shares of Apollo Global Management, Inc. common stock.
- This ownership represents 6.3% of the total outstanding common stock of Apollo Global Management, Inc.
- The filing date for this Schedule 13G was January 31, 2025, with the event date being December 31, 2024.
- BlackRock holds sole voting power over 32,348,389 shares and sole dispositive power over 35,519,094 shares.
- No shared voting or dispositive power was reported.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- BlackRock, Inc. is classified as a parent holding company (HC) for this filing.
- Various BlackRock business units and subsidiaries contribute to this aggregate beneficial ownership, with BlackRock Institutional Trust Company, National Association, specifically noted as beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or prospects. It is a neutral regulatory filing.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's or reporting person's future outlook.
Industry Context
This filing indicates a significant institutional ownership stake by BlackRock, one of the world's largest asset managers, in Apollo Global Management, a leading global alternative investment manager. Such disclosures are routine for large institutional investors crossing specific ownership thresholds and provide transparency into major holdings within the financial services sector.
Stakeholder Impact
- For shareholders of Apollo Global Management, Inc., BlackRock's significant stake (6.3%) indicates strong institutional confidence and a substantial long-term investment by a major asset manager, which can be viewed positively.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of the previously revoked Power of Attorney. |
| 2024-12-31 | Date of the event which required the filing of this statement (reporting period end). |
| 2025-01-21 | Date of the new Power of Attorney executed by BlackRock, Inc. |
| 2025-01-31 | Date the Schedule 13G was signed and filed. |
Keywords
BlackRock, Apollo Global Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Asset Management, Investment Management, SEC Filing
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