옵션 체인은 다양한 행사가격과 만기일에 대한 Apollo Asset Management의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Apollo Asset Management에 대한 시장 심리를 평가합니다..

Apollo Asset Management (NYSE:APO) 주식, 옵션 체인

APOLLO GLOBAL MANAGEMENT INC

Apollo Global Management

Apollo Asset Management, Inc., formerly Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

Stuttgart,,Germany,-,09-20-2022:,Person,Holding,Mobile,Phone,With,Logo

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실리콘 카바이드 부품 제조업체 울프스피드(NYSE:WOLF)는 오는 몇 주 내에 사전 협의된 &#39;챕터 11&#39; 파산 보호 신청을 준비 중이다.

울프스피드, 65억 달러 부채 압박 속 파산 신청 준비 보도···시간외 주가 60% 폭락

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관세 우려 속에 행동주의 투자자 댄 로브(Dan Loeb)의 서드 포인트(Third Point LLC)는 2025년 1분기 동안 주요 매그니피센트 세븐 주식의 지분을 정리하거나 완전히 매각하는 중대한 변화를 겪었다.

댄 로브의 서드 포인트, 메타·테슬라에서 철수하고 필수 소비재·통신·산업 부문으로 전환

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경제학자들이 임박한 경제 침체를 시사하는 여러 가지 지표를 발견함에 따라 월가에서는 경기 침체에 대한 추측이 점점 더 커지고 있다. 무슨 일이 일어났나: 보고서에 따르면, 골드만삭스는 향후 12개월 내에 경기침체 가능성을 15%에서 20%로 상향 조정했다. 뱅크 오브 아메리카(NYSE:BAC)의 3월 조사에서 55%의 펀드 매니저가 무역 전쟁으로 촉발된 글로벌 경기 침체를 시장의 주요 꼬리 위험(tail risk)으로 인식하고 있다고 밝혔다.

경제학자들이 경고 신호를 식별하면서 경기 침체에 대한 우려가 고조: &#39;빠르면 7월 초에 실현&#39;

Apollo Global Management, Inc. (New) Common Stock

Apollo Asset Management, Inc.

Innovator Equity Defined Protection ETF - 6mo Apr/Oct

Apogee Enterprises Inc

APOLLO MINERALS LTD by APOLLO MINERALS LTD.

Apollo Global Management, Inc. 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053

Apollo Global Management, Inc. 6.75% Series A Mandatory Convertible Preferred Stock

<a href="https://www.bloomberg.com/news/articles/2025-06-18/wolfspeed-close-to-bankruptcy-deal-with-lenders-including-apollo" title="https://www.bloomberg.com/news/articles/2025-06-18/wolfspeed-close-to-bankruptcy-deal-with-lenders-including-apollo">https://www.bloomberg.com/news/articles/2025-06-18/wolfspeed-close-to-bankruptcy-deal-with-lenders-including-apollo</a>

'Chipmaker Wolfspeed Nears Bankruptcy Deal With Lenders Including Apollo' - Bloomberg News

International Game Technology&nbsp;PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGT#NYSE">IGT</a>) ("IGT") announced today that its global lottery organization will begin doing business as Brightstar Lottery ("Brightstar" or the "Company"), effective immediately.
Upon completion of the sale of IGT's Gaming and Digital business ("IGT Gaming"), which is expected to occur as early as July 1, 2025, to Voyager Parent, LLC, a holding company owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) (the "Buyer"), Brightstar will be a premier pure play lottery business designed to elevate lotteries and inspire players.
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International Game Technology's Global Lottery Organization To Begin Doing Business As Brightstar Lottery, Effective Immediately

Company Veteran Grant Kvalheim Named Chief Executive
Jim Belardi Named Executive Chair, Will Continue to Serve as CIO
Mike Downing and Sean Brennan Named Co-Presidents of Athene USA
WEST DES MOINES, Iowa, June 16, 2025 (GLOBE NEWSWIRE) -- Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), announced today that its Board of Directors has appointed Grant Kvalheim as Chief Executive Officer, effective July 1, 2025. Kvalheim, a 14-year veteran of Athene, most recently served as President, with responsibility for running the company's U.S. operations, as well as growth initiatives. Jim Belardi, Co-founder, was named Executive Chairman and will remain Chief Investment Officer.

Management

Apollo Global Management's Athene Board Appoints Grant Kvalheim As CEO, Effective July 1, 2025; Names Jim Belardi Chair

<h3 class="wp-block-heading">New On The Block</h3>
Bankers say these biscuits are worth billions. The $1.5 billion asking price for Bojangles, the fried chicken and biscuit fast-food chain, is about triple what private equity firms Durational Capital Management and TJC paid in 2019—just four years after <a href="https://www.benzinga.com/news/15/05/5492635/bojangles-prices-ipo-at-19-high-end-of-range">the chain went public</a>.
According <a href="https://www.wsj.com/business/deals/bojangles-is-exploring-a-sale-while-the-fried-chicken-market-is-hot-5cc6fb9e?mod=e2tw">to</a> the Wall Street Journal, both strategic restaurant operators and private equity buyers are interested.
The North Carolina–based fast-casual brand has been expanding thanks to U.S. chicken chain sales spiking 9% last year. 
The potential sale comes amid a broader M&amp;A wave in the restaurant industry. Recent deals include Roark Capital's <a href="https://www.benzinga.com/markets/large-cap/25/06/45829771/heres-how-daves-hot-chicken-went-from-humble-beginnings-to-a-billion-dollar-food-empire">acquisition of</a> Dave's Hot Chicken, Blackstone's <a href="https://www.benzinga.com/markets/24/11/42167861/blackstone-takes-a-bite-out-of-jersey-mikes-with-8-billion-investment">stake in</a> Jersey Mike's, and Sycamore Partners' purchase of Playa Bowls. 
Meanwhile, Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Irth Capital have <a href="https://www.benzinga.com/m-a/25/06/45908298/papa-johns-takeover-rumors-swirl-but-doubts-are-creeping-in">made a $2 billion bid</a> for Papa John's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>). Coincidentally, Irth's co-founder previously led the Bojangles buyout at Durational.
Also for sale:
<ul class="wp-block-list">
<li>South Korean retailer Homeplus; The <a href="https://www.bloomberg.com/news/articles/2025-06-13/mbk-seeks-buyer-for-struggling-korean-supermarket-chain-homeplus?srnd=phx-deals&amp;sref=TBDibEcD">seller</a> is MBK Partners, Bloomberg reports.</li>
<li>Texas-based Healix Infusion Care, a portfolio company of TA Associates, <a href="https://www.axios.com/pro/health-tech-deals/2025/06/12/ta-associates-healix-infusion-care-sale">per</a> Axios.</li>
</ul>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul class="wp-block-list">
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">acquired a 49% stake</a> in Scale AI, a startup that values the company at more than $29 billion. The $14.8 billion all-cash transaction marks Meta's largest investment in a company since its $19 billion acquisition of WhatsApp a decade ago. As part of the agreement, Scale AI CEO Alexandr Wang will join Meta, although Meta will hold only non-voting stock and forgo governance rights such as board representation, veto power, or drag-along rights. These structural decisions are widely viewed as a strategy to avoid triggering antitrust concerns at a time when regulatory scrutiny of <a href="https://www.benzinga.com/topic/big-tech">Big Tech remains high</a>.</li>
</ul>
<ul class="wp-block-list">
<li>Advent International is in exclusive talks to acquire Air Wick maker Essential Home, the consumer goods unit of Reckitt (LSE: RKT), Reuters <a href="https://www.reuters.com/business/finance/reckitt-talks-exclusively-advent-essential-home-sale-sources-say-2025-06-11/">reports</a>. </li>
</ul>
<ul class="wp-block-list">
<li>Craneware (LSE: CRW), a British enterprise software firm, rejected a £938.4 million offer from Bain Capital, calling the private equity firm&#8217;s offer a lowball. The £26.50 per share bid was a 38% premium—but apparently not enough to impress. </li>
</ul>
<h3 class="wp-block-heading">Off The Block</h3>
<ul class="wp-block-list">
<li>After over two years of corporate tug-of-war, Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has finally bought out Comcast's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) one-third stake in Hulu. According to Variety, Disney managed to haggle the price down. Instead of shelling out the full $27.5 billion valuation Comcast wanted, Disney — which had about $5.852 billion in cash on hand for the quarter ending March 31 — will pay about $9 billion for the stake. This includes an extra $438.7 million recently agreed upon after arbitration.</li>
</ul>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
<ul class="wp-block-list">
<li>Auto parts supplier Marelli Holdings Co., which serves major automakers like Nissan and Stellantis (Jeep), has <a href="https://www.wsj.com/articles/auto-supplier-marelli-files-for-bankruptcy-to-hand-lenders-control-ed401dda?gaa_at=eafs&amp;gaa_n=ASWzDAjPClGFpuU2kdlfILXFqkzYYLEbGSGEDi8wU1vCxDz-KDhuumjVHnQd2E3iGdA%3D&amp;gaa_ts=684c436c&amp;gaa_sig=GZX70VBs_FQJP-fMVXsnMyK8bwQpKg8SiPUs7IOdakriGJ3Dhr774aDbj60rWEAo5-LRilaHNhgaQDPINOS7UQ%3D%3D">filed</a> for bankruptcy protection due to years of losses, a heavy debt load, and worsening conditions tied to Trump-era tariffs. The company, formed in 2019 through a KKR-led merger of Fiat Chrysler&#8217;s parts unit and a Japanese supplier, employs over 40,000 people globally.CEO David Slump said Marelli was already weakened by Covid-related supply chain disruptions when its financial position deteriorated further in March due to tariffs that hit import/export-dependent businesses like theirs especially hard. The firm, burdened with nearly $5 billion in debt, was also hurt by the prolonged semiconductor shortage. Despite the filing, Marelli plans to continue operating under a restructuring deal backed by over $1 billion in new financing.</li>
</ul>
<ul class="wp-block-list">
<li>Sunnova Energy International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NASDAQ">NOVA</a>), one of the largest rooftop solar companies in the U.S., has received court approval to begin using a $90 million bankruptcy loan to keep operating while it looks to sell its business under Chapter 11. Judge Alfredo Perez approved an initial $15 million draw, with the rest pending future approval. Earlier this week, a Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-19/oaktree-buys-up-position-in-sunnova-debt-ahead-of-talks">report</a> suggested Oaktree Capital Management has been <a href="https://www.benzinga.com/news/25/03/44423358/sunnova-energy-nova-stock-is-volatile-whats-going-on">buying up debt in the company</a>.</li>
</ul>
<h3 class="wp-block-heading">Notes From The Block</h3>
Benzinga sat down with 28-year-old financial advisor Luke Lloyd, founder of the newly launched Lloyd Financial Group. Formerly a wealth advisor at Strategic Wealth Partners, where he helped manage $1.5 billion in client assets, Lloyd brings a sharp eye for macroeconomic trends, individual stock analysis, and deal-making dynamics. 
Now running his own RIA firm, he's focused on delivering personalized, strategic investment guidance with a deep understanding of today's fast-moving financial landscape, including hot takes on M&amp;A:
<h3 class="wp-block-heading">Benzinga: Where do you think the most consolidation is going to happen this year and next?</h3>
Lloyd: It&#8217;s going to be where all the money&#8217;s at. It&#8217;s going to be big tech. Take Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and add up all their cash accounts. If these tech giants are collecting 5% of their cash on interest, and interest rates drop at all, they will go out there and buy everything they can buy. I also think the most divesting will also happen in tech. These big corporations are too inefficient. They&#8217;re too big. 
<h3 class="wp-block-heading">BZ: What should they do?</h3>
Lloyd: The most efficient way is to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/02/11119830/6-analysts-react-to-the-paypal-ebay-split">do something like</a> eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) and PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) did. There are all these ways you can break up your company and actually make more money and add more shareholder value. These guys can write $2 billion checks to these small, mid-cap companies and not even feel a single thing. They&#8217;re making more on their interest, on their cash accounts, than they are writing those checks. Divesting the big parts of tech will also happen, probably in the next couple of years. I&#8217;m not saying it will happen this year, but in the next couple of years — I talked about this on Fox Business, probably six months ago — Apple will get broken up to focus on growth areas, like AI. Apple is behind the eight-ball with AI compared to others. 
<h3 class="wp-block-heading">BZ: That&#8217;s something that Senator Bernie Sanders would like to <a href="https://www.politico.com/story/2019/07/16/bernie-sanders-facebook-google-amazon-1416786">hear</a>.</h3>
Lloyd: I&#8217;m not saying the government&#8217;s going to do it. I&#8217;m saying I think it&#8217;s in the company&#8217;s best interest. Corporations themselves should want to break up in some ways because they make more money and become more efficient. If they can lean up certain sectors and areas, they can actually be able to deliver more shareholder value.
<h3 class="wp-block-heading">BZ: We&#8217;re not hearing much of that conversation from big tech.</h3>
Lloyd: I&#8217;m not either. I just hope it happens to add more shareholder value. I think they&#8217;re too fat and fluffy, and I think that it&#8217;s definitely possible and something that could happen that I&#8217;m keeping an eye on.
Check back soon for our whole conversation with Lloyd; <a href="https://www.benzinga.com/m-a/25/06/45822510/deal-dispatch-tv-stations-for-sale-this-buyer-wants-seconds-on-pasta">For last week&#8217;s edition of the Deal Dispatch, click here</a>.
Now Read:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45926431/people-will-flee-to-bitcoin-coinbase-ceo-sees-end-of-fiat-era-coming">&#8216;People Will Flee&#8217; To Bitcoin: Coinbase CEO Sees End Of Fiat Era Coming</a></li>
</ul>
Image created using a photo from Shutterstock.

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Deal Dispatch: Chicken Chains, Solar Pains And Disney's Hulu Gains — Plus, Why Big Tech Should Break Up

Papa John's International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Thursday.</a>
On Wednesday, several media reports emerged that the company may be nearing a significant ownership change, as private equity giant Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Qatari-backed investment firm Irth Capital have reportedly joined forces to pursue a buyout of the pizza chain, valuing it at approximately $2 billion.
Semafor <a href="https://www.semafor.com/article/06/11/2025/papa-johns-pzza-apollo-take-private" target="_blank" rel="noreferrer noopener">reports </a>that the offer is in the low $60s per share, notably higher than the current stock price of around $48, citing sources familiar with the situation.
While Apollo has a history of large-scale acquisitions, Irth Capital is a much smaller player with less than $200 million in assets as of late 2023. Irth, backed by Sheikh Mohamed al Thani of Qatar's royal family, holds a 5% stake in Papa John's.
Following the reports, PZZA stock surged over 7% on Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45629288/pizza-stocks-in-focus-analyst-says-dominos-gains-share-papa-johns-holds-steady-pizza-hut-loses-ground" rel="noreferrer noopener">Pizza Power Play: Analyst Says Domino&#8217;s Gains Share, Papa Johns Holds Steady, Pizza Hut Loses Ground</a>
Despite its size, Irth has experience with consumer-focused turnarounds, having been involved in the acquisitions of Casper and Bojangles.
Irth reportedly still needs to secure financing for its portion of the proposed deal, Semafor adds.
If that doesn't materialize, Apollo could move forward on its own.
As of now, neither Apollo nor Papa John's have issued public statements, and Irth has not responded to requests for comment.
If a formal sales process is launched, more potential suitors could emerge. Inspire Brands, known for its acquisition of Dunkin' Donuts in 2020, may explore the opportunity, Semafor further adds.
Another possibility is Roark Capital, which recently completed a deal for Dave's Hot Chicken and owns Subway.
Papa John's franchising model, which licenses branding and ingredients to independent operators, aligns with their typical investment strategies, the report further states.
In 2018 and 2019, Papa John's faced a public controversy involving its founder, John Schnatter, who used a racial slur during a conference call, Reuters reports. The incident led to legal disputes and, ultimately, a deal with activist investor Starboard Value, whose CEO took over as chairman of the board in 2019 following Schnatter's departure.
Although Starboard helped stabilize Papa John's, industry observers believe more changes are needed—fueling speculation of a potential take-private move to enable deeper restructuring out of public view, Reuters adds.
Under current CEO Todd Penegor, Papa John's has made notable performance improvements, though its stock continues to trade at a slight discount compared to peers like Yum! Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) and Domino's Pizza Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>).
Read Next:
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<li><a href="https://www.benzinga.com/markets/economic-data/25/06/45902987/producer-inflation-rises-less-than-forecasts-in-may-jobless-claims-signal-labor-market-cracks" target="_blank" rel="noreferrer noopener">Producer Inflation Rises Less Than Forecasts In May, Jobless Claims Signal Labor Market Cracks</a></li>
</ul>
Photo: Shutterstock

General

Papa John's Takeover Rumors Swirl, But Doubts Are Creeping In

<a href="https://www.semafor.com/article/06/11/2025/papa-johns-pzza-apollo-take-private">https://www.semafor.com/article/06/11/2025/papa-johns-pzza-apollo-take-private</a>

'Apollo, Irth Capital look to take Papa Johns private'- Semafor

A sharp divide is emerging on Wall Street. Bank of America's strategist Michael Hartnett says that President Donald Trump&#8216;s economic policies are lifting capital-rich tech giants rather than <a href="https://www.benzinga.com/topic/michael-hartnett">domestically focused small caps.</a>
&#8220;It&#8217;s&nbsp;like&nbsp;the&nbsp;&#8217;80s deregulation boom and&nbsp;the&nbsp;&#8217;90s tech boom all at the same time,&#8221; the expert said.
<h3 class="wp-block-heading">Wall Street's New Divide: &#8220;Bro Billionaires&#8221; Vs. The Trump&#8217;s &#8220;Base&#8221;</h3>
In his latest &#8220;The Flow Show,&#8221; Hartnett introduced what he calls the "bro billionaire" stock basket, an equal-weighted group including Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>).
Since the 2024 U.S. election, this basket is up 45%.
By contrast, the Russell 2000 index — which Hartnett associates with Trump's electoral "base" — has fallen 7% over the same period.
&#8220;Tariffs, tax cuts, reshoring, deregulation, but no bid for the little guys,&#8221; Hartnett said.
<h3 class="wp-block-heading">Dollar Drops Despite 5% Yields</h3>
The U.S. dollar continues to slide, down 8.9% year to date, even as 30-year Treasury yields remain near 5%. Hartnett sees this as the product of fiscal disarray, not monetary misstep.
Hartnett indicated that Trump's approach combines aggressive tax cuts with high spending, a mix that resembles both Republican and Democratic fiscal strategies.
&#8220;U.S. dollar breaking down despite 5% Treasury yields as DOGE replaced by deficits &amp; tax cuts,&#8221; he said.
&#8220;DOGE was a bust, tariffs are a bust, so only way he gets the deficit down to 3% of GDP is via max pumping GDP and hoping Bessent can sweet talk the [bond] vigilantes,&#8221; he added.
According to Hartnett a weaker dollar is bullish for gold, emerging markets, and international equities. 
Hartnett continues to back his BIG allocation—bonds, International, and Gold—a theme he&#8217;s been pushing since early spring.
 "Profits and policy keep us long weak dollar plays, gold, EM, international," Hartnett stated.
Hartnett noted that gold-related funds have attracted $75 billion in inflows year-to-date, marking the largest influx on record.
Read Next:
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<li><a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">US Labor Markets Defies Tariff Concerns As Nonfarm Payrolls, Wages Top Expectations In May</a></li>
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Photo: Shutterstock

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Trump's Policies Power 'Bro Billionaires' While Main Street Stocks Lag, BofA's Hartnett Says

With alternative assets hurtling towards the $20 trillion mark, VanEck is offering investors a fresh opportunity to catch the private market wave — without taking a seat at the private equity table. 
The company today launched the VanEck Alternative Asset Manager ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPZ#NYSE">GPZ</a>), the first<a href="https://www.benzinga.com/etfs"> U.S.-listed ETF</a> that provides broad exposure to publicly traded companies dedicated to private market investing.
From venture capital and private equity to real estate, infrastructure and private credit, alternative asset managers are transforming global finance. Previously exclusive to institutional investors, these companies are now at the forefront of portfolios that pursue diversification and non-correlated returns.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45796685/nvidia-beats-microsoft-to-be-the-biggest-of-the-big-here-are-6-etfs-riding-its-trillion-dollar-rebound">Nvidia Beats Microsoft To Be The Biggest Of The Big: Here Are 6 ETFs Riding Its Trillion-Dollar Rebound</a>
&#8220;Volatility in the equity markets, the growing potential for rate cuts and a number of other factors appear to be converging, creating a far more favorable environment for many private market managers to deploy the massive reserves of capital they have accrued,&#8221; observed Brandon Rakszawski, VanEck vice president and director of Product Management. &#8220;That makes now a fascinating potential entry point for investing in the stocks of these firms themselves as they prepare to embark on a new cycle of deployment and growth.&#8221;
To be part of GPZ&#8217;s underlying index, the MarketVector Alternative Asset Managers Index, companies have to be &#8220;ultra-pure play&#8221; with 75% or more of revenues from private market business. The index is composed of publicly traded U.S., Canadian and developed European companies that meet certain market cap and liquidity screens, with a limit on individual company weights of 12%.
Top holdings at inception include industry giants such as Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), Brookfield, KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), and Apollo Asset Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), providing investors with exposure to the dominant participants in the alt asset boom.
Assets in alternative ownership rose from $7.4 trillion in 2014 to almost $19 trillion as of the close of 2024, fueled by investors&#8217; pursuit of yield, postponed IPO schedules and private credit&#8217;s growth.
GPZ is busily following a market that&#8217;s no longer quite so alternative anymore, just ever more necessary.
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Photo: Shutterstock

New ETFs

Trading Ideas

VanEck Launches GPZ ETF To Tap Into Private Market Boom

<a href="https://www.bloomberg.com/news/articles/2025-05-28/bp-s-castrol-unit-said-to-draw-reliance-apollo-and-lone-star?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-05-28/bp-s-castrol-unit-said-to-draw-reliance-apollo-and-lone-star?embedded-checkout=true</a>

'BP's Castrol Unit Draws Interest From Reliance, Apollo and Lone Star'- Bloomberg

Apollo Asset Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has outperformed the market over the past 10 years by 8.68% on an annualized basis producing an average annual return of 19.51%. Currently, Apollo Asset Management has a market capitalization of $76.11 billion. 
Buying $100 In APO: If an investor had bought $100 of APO stock 10 years ago, it would be worth $597.71 today based on a price of $133.17 for APO at the time of writing.
<h3>Apollo Asset Management's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748378712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Apollo Asset Management 10 Years Ago Would Be Worth This Much Today

Deep-pocketed investors have adopted a bearish approach towards Apollo Asset Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Apollo Asset Management. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 8 are puts, totaling $789,851, and 2 are calls, amounting to $94,940.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $145.0 for Apollo Asset Management during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Apollo Asset Management options trades today is 2310.44 with a total volume of 925.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Apollo Asset Management's big money trades within a strike price range of $100.0 to $145.0 over the last 30 days.
<h3>Apollo Asset Management Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748376037_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$22.5</td>
<td>$22.0</td>
<td>$22.5</td>
<td>$145.00</td>
<td>$211.4K</td>
<td>220</td>
<td align="right">94</td>
</tr>
<tr>
<td>APO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$16.2</td>
<td>$15.2</td>
<td>$15.6</td>
<td>$135.00</td>
<td>$176.2K</td>
<td>659</td>
<td align="right">113</td>
</tr>
<tr>
<td>APO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$17.2</td>
<td>$17.1</td>
<td>$17.2</td>
<td>$135.00</td>
<td>$149.6K</td>
<td>238</td>
<td align="right">88</td>
</tr>
<tr>
<td>APO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$14.3</td>
<td>$14.1</td>
<td>$14.1</td>
<td>$140.00</td>
<td>$76.1K</td>
<td>1.7K</td>
<td align="right">57</td>
</tr>
<tr>
<td>APO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$110.00</td>
<td>$65.0K</td>
<td>1.0K</td>
<td align="right">102</td>
</tr>
</tbody>
</table>

<h3>About Apollo Asset Management</h3>
Apollo Asset Management, Inc., formerly Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.
Having examined the options trading patterns of Apollo Asset Management, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Apollo Asset Management Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,771,646, the APO's price is up by 1.57%, now at $132.93. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 65 days.</li>
</ul>
<h3>What The Experts Say On Apollo Asset Management</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $161.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Apollo Asset Management with a target price of $160. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Apollo Asset Management, which currently sits at a price target of $155. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Apollo Asset Management, which currently sits at a price target of $156. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Overweight rating on Apollo Asset Management, which currently sits at a price target of $174. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Apollo Asset Management with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

This Is What Whales Are Betting On Apollo Asset Management

Wells Fargo analyst Michael Brown maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Overweight and raises the price target from $158 to $160.

Price Target

Wells Fargo Maintains Overweight on Apollo Global Management, Raises Price Target to $160

WIIM

Apollo Global Management shares are trading lower amid sympathy with Wolfspeed after reports that the company is preparing for bankruptcy. Apollo Global Management, a creditor, previously helped finance Wolfspeed and may not get a full return on its investment.

Silicon carbide component manufacturer&nbsp;Wolfspeed Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is preparing to file for&nbsp;prepackaged Chapter 11 bankruptcy protection in the coming weeks.
What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly pursuing bankruptcy options, according to a <a href="https://www.wsj.com/articles/wolfspeed-prepares-to-file-for-bankruptcy-within-weeks-7bd98040">report</a> from the Wall Street Journal on Tuesday, citing sources familiar with the matter.
The company, which was expected to benefit from U.S. government efforts to expand domestic semiconductor production through the 2022 CHIPS Act, has struggled to address its $6.5 billion debt, including a $575 million balloon payment due in May 2026.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45532892/legendary-investor-jeremy-grantham-warns-of-50-stock-market-crash">Legendary Investor Jeremy Grantham Warns Of 50% Stock Market Crash</a>
Wolfspeed is aiming for a bankruptcy plan that would have the support of the majority of its creditors. This comes after rejecting a debtholder restructuring deal in March, following pushback from Apollo Global Management LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>). 
The deal involved converting some of its convertible debt holdings and loans into equity, which would have diluted Apollo&#8217;s position.
Apollo, which owns $1.5 billion of Wolfspeed&#8217;s debt, sits on top of the company&#8217;s credit stack and has the right to approve any new secured financing deal. It also has a make-whole provision in its agreement, which essentially shields the PE firm from losses in the event of a bankruptcy, according <a href="https://www.sec.gov/Archives/edgar/data/895419/000119312523174504/d462549d8k.htm">to</a> Wolfspeed&#8217;s SEC filings. 
Wolfspeed had previously said it was exploring restructuring or bankruptcy options after difficulties refinancing its debt threatened its ability to access up to $750 million in taxpayer funds through the CHIPS Act. That funding was contingent on the successful refinancing of convertible notes maturing in 2026, 2028, and 2029.
Both Wolfspeed and Apollo have yet to respond to Benzinga&#8217;s requests for a comment on this matter. The story will be updated once we hear back.
Why It Matters: During its <a href="https://www.benzinga.com/news/earnings/25/05/45303071/wolfspeed-stock-slides-after-q3-revenues-miss-estimates-heres-what-to-know">third quarter results</a> two weeks ago, Wolfspeed outlined plans to strengthen its capital structure and improve its path to profitability.
The company recently hired an ex-Micron executive, Robert Feurle, as <a href="https://www.benzinga.com/25/03/44515658/wolfspeed-names-ex-micron-exec-feurle-as-ceo-to-revive-struggling-chipmaker">its new CEO</a>, who comes with several decades of semiconductor experience, to help in its turnaround efforts.
Price Action: Wolfspeed&#8217;s shares were down 10.32% on Tuesday, ending the day at $3.13 per share, and are down 60.38% after hours. The stock is down 52.79% year-to-date.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="131" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png" alt="" class="wp-image-922075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1024x131.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-300x38.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-768x98.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM-1536x197.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20224506/Screenshot-2025-05-21-at-8.14.53-AM.png 1594w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The stock fares poorly in Benzinga&#8217;s Edge Stock Rankings with low scores across the board, and an unfavorable price trend in the short, medium, and long term. You can find deeper insights on the stock <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.
Photo Courtesy: T. Schneider on Shutterstock.com
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<li><a href="https://www.benzinga.com/25/05/45533872/cathie-wood-just-spent-8-4-million-on-this-top-chip-stock-and-its-not-nvidia">Cathie Wood Just Spent $8.4 Million On This Top Chip Stock (And It&#8217;s Not NVIDIA)</a></li>
</ul>

Wolfspeed Reportedly Prepping Bankruptcy Filing After Snubbing Debt Deals, Buckling Under $6.5 Billion Burden—Stock Plunges Over 60%

I got into the investment business on a steady diet of Graham and Whitman. But that was the 1980s and early 1990s – the golden age of dealmakers and junk bonds, leveraged buyouts and greenmail. 
Long before the players became gentlemanly private equity titans and activist investors, they were raiders, vultures, and even, in one famous book about the RJR deal, barbarians.
Legendary fortunes were made, reputations created and shattered.
All of these high-return, high-flying strategies shared a common thread. Leveraged buyouts, distressed investing and risk arb were all just variations on the value investing theme.
The private equity giants of today are still doing this. Thanks to their quarterly filings, you can copy their investment approach—a strategy that has beaten the markets 4-to-1 since 2001.
Even the creation of the junk bond market was based on Michael Milken&#8217;s studies on the returns from buying undervalued lower-rated bonds, a strategy founded on basic value investing principles.
The big winners in all these strategies took value investing and added debt.
It was like adding nitro to the tank of a stock car. If you could control the vehicle at high speed through the corners, there was no race you couldn&#8217;t win.
Although the golden age of risk arb and the smaller investors&#8217; ability to compete in distressed debt are all behind us, we can still use the combination of debt and value investing to beat the index by a wide margin.
When the 13F filings come out every quarter, most of the short-attention-spans in the market today head for the same filings at the same time.
Warren, Cathie, Stanley, Tepper and Seth still get all the attention.
I may get around to those at some point, but one of the first places I turn is to the leading private equity firms.
Firms like Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) still use basic principles of value investing along with a healthy dose of debt to drive massive returns for themselves and their investors.
What most people do not realize is that these firms also have large public securities portfolios, and stealing their ideas has created some massive market-beating opportunities.
If you had bought shares of Mr. Cooper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) when it first appeared in KKR&#8217;s public portfolio in 2018, you could have made almost ten times your money.
Buying shares of AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) when KKR first revealed its position would have resulted in gains of almost seven times your initial cost.
DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) would have delivered gains of 3x in just a few years.
Owning the firm&#8217;s top ten holdings since 2001 would have beaten the market by a 4-to-1 margin.
I do not care what the media darling investors bought last quarter. Tell me what the profit pirates at KKR own, and I can create an opportunity to score massive gains.
The current top ten holdings for KKR are:
BrightSpring Health Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTSG#NASDAQ">BTSG</a>) provides home and community-based health services to complex patients, positioning itself in a niche with long-term demographic tailwinds. The company is newly public and pursuing scale through both organic growth and targeted acquisitions in behavioral and specialty pharmacy segments.
Henry Schein (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSIC#NASDAQ">HSIC</a>) is a global distributor of dental and medical supplies primarily serving small- and mid-sized practices. The company generates stable cash flow and has a long history of disciplined capital deployment, though growth is modest and sensitive to procedure volume trends.
BrightView (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is the largest commercial landscaping services provider in the U.S., with recurring maintenance revenue making up the majority of its business. Under new leadership, the firm is undergoing a restructuring push to improve margins and reduce debt after years of underperformance.
KKR Real Estate Finance Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is a commercial mortgage REIT focused on senior loans backed by institutional-grade real estate, primarily in urban markets. It offers a high dividend yield but remains exposed to office market weakness and refinancing risk in a higher-rate environment.
Madison Square Garden Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>) owns marquee sports franchises, including the New York Knicks and Rangers, offering investors a rare asset-backed play on professional sports. Valuation is driven more by franchise appreciation than earnings power, making it a long-duration, event-driven asset.
Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) is a leading cruise operator with a strong focus on premium and upscale offerings across its brand portfolio. The company is rebounding from pandemic-era disruptions, though it still carries significant leverage and remains sensitive to fuel and labor costs.
Bausch Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) is a diversified specialty pharmaceutical company with exposure to eye health, dermatology, and branded generics. However, the company is still burdened by high legacy debt. While it&#8217;s pursuing a turnaround strategy and asset divestitures, legal overhangs and weak cash flow remain headwinds.
FS KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSK#NYSE">FSK</a>) is one of the largest business development companies, focused on senior secured lending to middle-market companies with an emphasis on downside protection. It offers a double-digit yield and strong sponsor backing, though credit quality and NAV stability require close monitoring.
Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSGY#NYSE">CSGY</a>) is a cash-generating E&amp;P company with a private equity-backed structure and a focus on acquiring and optimizing mature, low-decline assets. The firm maintains a disciplined capital return framework and hedging strategy, making it a defensive upstream play with yield upside.
BridgeBio Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) is a commercial-stage biopharmaceutical company developing treatments for genetic diseases and cancers with clear genetic drivers. Its lead drug, Attruby (acoramidis), approved in late 2024 for transthyretin amyloid cardiomyopathy, significantly outperformed sales expectations in its first full quarter, positioning the company as a strong competitor in the cardiomyopathy treatment market.
<h2 class="wp-block-heading">Turn Market Mayhem Into Profit Signals This Memorial Day</h2>
Get real-time portfolio alerts, daily stock ideas, and a suite of pro-grade tools — all in one elite membership. For a limited time, you can access Benzinga Edge at 60% off. Secure Your 60% Memorial Day Discount <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-memorial-day-special/?utm_campaign=mdw-sale&amp;utm_adType=sponsorad&amp;utm_ad=RD052025/?el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}&amp;utm_medium=newsletter">HERE</a>.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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Opinion

BBIO

BTSG

COOP

CSGY

DASH

HSIC

KREF

MSGS

NCLH

The Smart Money Is Buying These 10 Stocks

Activist investor&nbsp;Dan&nbsp;Loeb‘s&nbsp;Third Point LLC&nbsp;has exponentially boosted its investment in Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Soho House &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) <a target="_blank" href="https://www.benzinga.com/topic/dan-loeb" rel="noreferrer noopener">in the first quarter of 2025</a>.
According to recent 13F filings, reflecting his holding as of March 31, 2025, Loeb increased his common stock stake <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625003337/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in&nbsp;</a>Apollo&nbsp;to 1.5 million, up from 400,000 <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the fourth quarter of 2024,&nbsp;<a href="https://www.benzinga.com/markets/equities/25/02/43755111/billionaire-investor-dan-loeb-boosts-stake-in-mark-zuckerbergs-meta-elon-musks-tesla-but-sold-these-three-mag-7-stocks-in-q4" target="_blank" rel="noreferrer noopener">an 275% increase.</a>
This marks a significant turnaround, as the investor earlier slashed shares of Apollo common stock by more than half, from 950,000 in the third quarter of 2024 to 400,000 shares in the fourth quarter of 2024.
Furthermore, Loeb boosted his stake in Soho House to 5.2 million in the first quarter of 2025 from 2.35 million in the fourth quarter of 2024, <a href="https://www.benzinga.com/news/large-cap/25/05/45472025/loebs-third-point-exits-meta-tesla-rotates-into-staples-telecom-industrials" target="_blank" rel="noreferrer noopener">representing a 121% increase</a>.
Let&#8217;s have a look at the major events in both companies.
Apollo Global Management:
<ul class="wp-block-list">
<li>On May 13, Apollo&#8217;s funds, managed by its hybrid strategies, reached an agreement to acquire a controlling interest in PowerGrid Services <a href="https://www.benzinga.com//node/45372642" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>.</li>
<li>On May 12, the company&#8217;s managed portfolio company of funds, New Home, inked a deal to acquire Landsea Homes (NASDAQ:<a href="https://www.benzinga.com/stock/LSEA#NASDAQ" target="_blank" rel="noreferrer noopener"> LSEA</a>) for an enterprise value&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45376152/landsea-homes-stock-soars-on-apollos-new-home-buyout-at-61-premium" target="_blank" rel="noreferrer noopener">of around $1.2 billion</a>.</li>
<li>On May 6, Apollo-managed funds penned a deal to acquire maritime liquefied natural gas carrier infrastructure platform Hav Energy LNG Holding AS from HitecVision <a href="https://www.benzinga.com//node/45218843" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>.</li>
<li>On May 2, the company reported first-quarter adjusted EPS of $1.82, which fell short of the estimated $1.96. However, sales of $5.55 billion exceeded the consensus <a href="https://www.benzinga.com//node/45161311" target="_blank" rel="noreferrer noopener">estimate of $4.64 billion</a>.</li>
<li>Barclays analyst Benjamin Budish raised the price forecast from $145 to $156, while Piper Sandler analyst John Barnidge slashed the <a href="https://www.benzinga.com/quote/APO/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $193 to $174</a>.</li>
<li>Apollo has dropped nearly 14.8% year to date, compared to the EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>), which fell about 5.9%&nbsp;over the same time frame.</li>
</ul>
Soho House:
<ul class="wp-block-list">
<li>On May 9, the company reported first-quarter EPS of four cents and sales of $282.86 million, which slightly exceeded the consensus <a href="https://www.benzinga.com//node/45314565" target="_blank" rel="noreferrer noopener">estimate of $282.26 million</a>.</li>
<li>In December 2024, the company received a $9.00 per share acquisition offer from a new third-party consortium, an 83% premium to the<a href="https://www.benzinga.com//node/42597812" target="_blank" rel="noreferrer noopener"> Dec. 18, 2024, closing price</a>.</li>
<li>A CNBC report, dated Jan. 29, indicated that Loeb is pushing for a sale and process has began for the same.</li>
<li>Year to date, Soho House shares declined around 12.7%, compared to its peer Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), which rose about 7.1% over the same time frame.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/large-cap/25/05/45234285/amazon-meta-microsoft-earnings-put-dan-loebs-portfolio-to-the-test" target="_blank" rel="noreferrer noopener">Amazon, Meta, Microsoft Earnings Put Dan Loeb's Portfolio To The Test</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

BKNG

Loeb's Third Point Boosts Apollo Stake 275%, Soho House 121% In Q1 Bet

Amid tariff concerns, activist investor Dan Loeb‘s Third Point LLC made significant changes, shedding stakes or exiting major Magnificent Seven stocks <a href="https://www.benzinga.com/topic/dan-loeb">during the first quarter of 2025</a>.
What Happened: A 13F <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625003337/xslForm13F_X02/infotable.xml">filing </a>released Thursday shows that Third Point completely exited its positions in Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) during the first quarter of 2025. The hedge fund had <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml">previously </a>held 665,000 shares of Meta and 500,000 shares of Tesla at the end of the fourth quarter of 2024.
The investor also fully exited its position in Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) in Q1, selling all 500,000 shares it held as of the fourth quarter of 2024.
In addition to the complete exits, Third Point also trimmed several positions in the first quarter compared to the fourth quarter of 2024. Notable reductions include:
<ul class="wp-block-list">
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): -48%</li>
<li>Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>): -47%</li>
<li>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): -32%</li>
<li>Brookfield Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>): -15%</li>
</ul>
Here are the top new additions in the first quarter by shares:
<ul class="wp-block-list">
<li>Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>): 8.9 million</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): 3.78 million</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>): 3.63 million</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 1.45 million</li>
<li>CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>): 1.98 million</li>
<li>Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>): 1 million</li>
<li>RB Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>): 950,000</li>
<li>Talen Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>): 585,000 </li>
<li>SharkNinja, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>): 550,000</li>
<li>Caseys General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>): 300,000</li>
</ul>
Here are the top increases in stake&nbsp;in the first quarter compared to the final quarter of 2024 in percentages:
<ul class="wp-block-list">
<li>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>): +275%</li>
<li>Soho House &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>): +121%</li>
<li>Capital One Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>): +14%</li>
</ul>
As of the first quarter of 2025, Loeb&#8217;s top five holdings were Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>), Kenvue, Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>), Soho House, and Brookfield. Of these, all but Brookfield were new or increased positions during the quarter.
Read Next:
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Image created using artificial intelligence via Midjourney.

Loeb's Third Point Exits Meta, Tesla, Rotates Into Staples, Telecom, Industrials

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/14/final-trades-apollo-global-goldman-sachs-taiwan-semi-and-zoom-communications.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington, managing partner at Requisite Capital Management, said Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) reported strong fee-related earnings. &#8220;I think the stock can <a href="https://www.benzinga.com/quote/APO/earnings">be in the 150s,&#8221; she added.</a>
On May 2, Apollo Global Management posted stronger-than-expected revenue for the first quarter.
Jason Snipe, Chief Investment Officer of Odyssey Capital Advisors, said he likes The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), which has gained 20% in the last month.
On the earnings front, Goldman Sachs Group posted better-than-expected earnings for its first quarter on April 14. Goldman Sachs reported quarterly earnings of $14.12 per share, which beat the analyst consensus estimate of $12.35 per share. The company reported quarterly sales of $15.06 billion, which beat the analyst consensus estimate of $14.81 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here </a>
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported a &#8220;phenomenal&#8221; quarter, and the stock is still going higher.
On April 17, Taiwan Semiconductor reported better-than-expected first-quarter financial results and issued a strong second-quarter revenue outlook.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Zoom Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) his final trade.
Zoom Communications announced it will release its financial results for the first quarter on Wednesday, May 21, after the closing bell.
Price Action:
<ul class="wp-block-list">
<li>Apollo Global shares fell 0.6% to close at $144.24 on Wednesday.</li>
<li>Goldman Sachs shares rose 1.3% to settle at $611.60 during Wednesday's session.</li>
<li>Taiwan Semiconductor Manufacturing shares gained 0.4% to close at $194.76 on Wednesday.</li>
<li>Zoom Communications shares rose 0.1% to $83.27 during the session.</li>
</ul>
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Photo: Shutterstock

Media

Apollo Global, Taiwan Semiconductor Manufacturing, Zoom And A Big Bank On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Apollo Global Management, Goldman Sachs Group, Taiwan Semiconductor Manufacturing, Zoom Communications

The latest round of the U.S.-China tariffs are "destructive" to American small businesses, investor and "Shark Tank" star <a href="https://www.benzinga.com/news/25/02/43978834/kevin-oleary-says-government-needs-more-more-cutting-urges-slashing-and-hacking-to-fix-federal-spending">Kevin O'Leary</a> said on <a href="https://transcripts.cnn.com/show/cnc/date/2025-04-22/segment/04">CNN</a> on April 22.
His remarks come amid escalating trade tensions between the two countries. On April 9, the White House <a href="https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/">announced</a> a tariff hike on Chinese goods from 84% to 125%. The next day, China's Ministry of Commerce hit back with an 84% tariff on U.S. products.
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He said, "So, I&#8217;m very happy that some administration, this one particularly, is taking them on to resolve this problem once and for all. And [Chinese President Xi Jinping] needs the U.S. and the U.S. needs Xi. So, let&#8217;s get this thing resolved. I&#8217;m OK with the volatility." He also urged policymakers to "circle the wagons" with U.S. allies.&nbsp;
O'Leary described the current market swings as a necessary step toward addressing what he called decades of imbalanced trade practices. He also proposed a 400% blanket tariff, emphasizing that "only shock therapy forces change."
<h2 class="wp-block-heading">Tariffs, Tensions And The Toll</h2>
O'Leary's frustration stems from firsthand experience. "I'm an example of someone who's really been screwed by the Chinese in IP. theft," he said, emphasizing a need to focus on policy over personality.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Household sentiment followed the headlines. The University of Michigan's <a href="https://www.sca.isr.umich.edu/">consumer sentiment index</a> showed its expectations index down 32% since January, while inflation expectations soared to 6.5%—the highest since 1981.&nbsp;
On April 22, the International Monetary Fund <a href="https://www.imf.org/en/Blogs/Articles/2025/04/22/the-global-economy-enters-a-new-era">slashed</a> its global trade-growth outlook to 1.7%, blaming what it called &#8220;the most intense bilateral tariff standoff of the century.&#8221;&nbsp;
Markets echoed the anxiety. Bloomberg estimated a<a href="https://www.bloomberg.com/news/articles/2025-04-09/goldman-sachs-sees-65-chance-of-us-recession-in-next-12-months"> 45% chance</a> of a U.S. recession within the next 12 months, largely attributed to a &#8220;tariff-induced demand shock.&#8221;&nbsp;
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Corporate earnings also hinted at trouble: PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) warned in its<a href="https://investors.pepsico.com/docs/default-source/investors/q1-2025/q1-2025-earnings-release_qrwd2bctzikuphl4.pdf"> Q1 earnings report</a> that rising supply-chain costs could keep core EPS flat for 2025, while Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) announced a<a href="https://us.pg.com/newsroom/news-releases/PG-Announces-Fiscal-Year-2025-Third-Quarter-Results"> 2% revenue dip</a> tied to tariffs and freight surcharges.
Beijing <a href="https://english.mofcom.gov.cn/News/PressConference/art/2025/art_3f539956ed274e34b61d9b4df5634677.html">moved to soften some</a> blowback by exempting certain U.S. medical devices from its 125% tariff.
Cargo statistics tell the same story. Analysts at <a href="https://www.apolloacademy.com/trade-between-china-and-the-us-collapsing/">Apollo Global Management</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) warned that container bookings from <a href="https://www.benzinga.com/personal-finance/25/03/44281204/jack-ma-xi-jinping-and-the-53b-ai-bet-alibabas-comeback-signals-a-new-era-for-chinese-big-tech">China</a> to U.S. ports have plunged to pandemic-era lows, potentially triggering &#8220;COVID-like shortages" within a few weeks.
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Personal Finance

'I'm OK With The Volatility' — Kevin O'Leary Defends Trump Tariffs And Urges U.S. To 'Circle The Wagons' Against China

Press Releases

Apollo to Present at the Bernstein 41st Annual Strategic Decisions Conference

BRIDGE INVESTMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bridge Investment Group Holdings Inc. - BRDG

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