Portfolio Expansion Updates
Lalia Capital Increases Financial Stock Holdings in Latest 13F Filings
Key Points
John P. Zito, Apollo Global Management insider, sold 48,644 APO shares on May 27 at an average price of $130.66, totaling about $6.36 million; after the sale he directly owned 3,063,696 APO shares valued at roughly $400.3 million.
CFO Martin Kelly of Apollo Global Management sold 3,000 APO shares on August 14 at an average price of $140.84, a transaction valued at about $422,520, reducing his ownership by about 0.75% to 396,533 shares (~$55.85 million).
BlackRock made a very large new stake in Carlyle Group during the second quarter, with the stake worth about $1.347 billion, signaling strong institutional interest; Carlyle’s investor base also includes Vanguard increasing its position, and institutional investors own about 55.88% of the company.
Apollo Global Management remains heavily held by institutional investors, with hedge funds and other institutions owning about 77.06% of the stock as reported in the period covered by the filings.
In FS KKR Capital, Lalia Capital LLC purchased 923,146 shares in the second quarter for about $9.693 million, making up roughly 4.7% of its portfolio and ranking as its 13th largest holding; Lalia also owned about 0.33% of FS KKR Capital at the end of the period.
Lalia Capital LLC significantly expanded its stakes in financial services companies during the second quarter, making four major acquisitions that reshape its portfolio mix. The fund's largest new position is Blue Owl Capital, where it purchased 3.2 million shares for roughly $35 million—now representing 17% of Lalia's entire portfolio. The moves signal growing confidence in the financial services sector, even as some company insiders at Apollo Global Management have been trimming their own holdings, per Watchlist News.
Across four different financial stocks, Lalia deployed nearly $64 million in new capital during Q2. Apollo Global Management received 93,000 shares ($11 million), FS KKR Capital Corp got 923,146 shares ($9.7 million), Carlyle Group added 202,000 shares ($8.5 million), and Blue Owl dominated the spending. The investments position Lalia as a significant player in the alternative asset management space, where institutional money continues flowing, according to Ticker Report.
Blue Owl Becomes Lalia's Dominant Holding
Blue Owl Capital jumped to the top of Lalia's portfolio with the $35 million investment. The 3.2 million shares now make up 17% of the fund's total holdings. This single position dwarfs all other recent acquisitions, signaling Lalia's strong conviction in Blue Owl's business model and growth prospects in the alternative assets industry.
Apollo Insiders Sell Shares While Lalia Buys
While Lalia was accumulating Apollo Global Management stock, company insiders were heading for the exits. CFO Martin Kelly sold 3,000 APO shares on August 14 at $140.84 each, cutting his stake by 0.75% and pocketing about $422,520. Earlier that May, insider John P. Zito dumped 48,644 shares at $130.66 per share, netting roughly $6.36 million but retaining a massive $400 million personal stake, per Watchlist News.
These insider sales suggest caution at the management level even though Apollo remains heavily owned by institutional investors—about 77% of the stock. Lalia's contrarian move shows it either trusts management despite their selling, or simply sees value the insiders don't. Apollo now represents 5.3% of Lalia's portfolio, ranking as its 7th largest position.
BlackRock Signals Major Carlyle Group Confidence
Lalia's $8.5 million Carlyle Group purchase pales next to BlackRock's dramatic move. The investment giant bought into Carlyle during Q2, establishing a position worth roughly $1.35 billion. BlackRock's massive bet underscores institutional appetite for Carlyle, where institutional investors now control about 55.88% of shares and Vanguard is also increasing its stake, according to Ticker Report.
FS KKR Capital Completes Lalia's Financial Services Sweep
FS KKR Capital Corp rounded out Lalia's Q2 shopping spree. Lalia bought 923,146 shares for $9.7 million, making up 4.7% of its portfolio and ranking 13th in the fund's holdings. This investment gives Lalia roughly 0.33% ownership in FS KKR, establishing a foothold in the business development company space where stable dividends attract yield-hungry investors, per Ticker Report.
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