Apollo Residential Mortgage Inc. (AMTG): International Value Advisers Discloses New Stake

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Charles de Vaulx‘s International Value Advisers filed a Form 13G yesterday, in which reported holding 621,947 common shares of Apollo Residential Mortgage Inc. (NYSE:AMTG), which amass 9.0% of the firm’s total outstanding stock. The position represents a new addition to International Value Advisers’ portfolio.

Apollo Residential Mortgage is a real estate investment trust that manages different residential mortgage assets. Since the beginning of the year, the company’s stock has gained 11.13%. Recently, Apollo Residential Mortgage (NYSE:AMTG) reported its first quarter financial results, in which it disclosed a loss per share of $0.52 and net interest income of $26.18 million, which compares rather unfavorably to the earnings per share of $0.55 and net interest income of $31.46 million that it pulled in for the same period of the previous year.

As per our database, 11 hedge funds reported long positions in Apollo Residential Mortgage Inc (NYSE:AMTG) as of the end of the first quarter. Among them, the largest position was held by Nathaniel August’s Mangrove Partners, being worth around $12 million in stock, while the second-biggest position was reported by Andy Redleaf’s Whitebox Advisors, valued at $8 million. Other investors with similar bullishness encompassed David Dreman’s Dreman Value Management and Jim Simons’ Renaissance Technologies.

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New investors of the company during the first quarter included Wayne Cooperman’s Cobalt Capital Management, which had $5.7 million invested in the company, William Michaelcheck’s Mariner Investment Group, D E Shaw, founded by David E. Shaw, and Ken Griffin’s Citadel Investment Group.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
International Value Advisers 583,747 0 621,947 0 621,947 9.0%

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Page 1 of 5 – SEC Filing

Washington, D.C. 20549


Under the Securities
Exchange Act of 1934
(Amendment No. 3)*

Apollo Residential
Mortgage Series A 8% pfd

(Name of Issuer)

Common Stock

(Title of Class of Securities)


(CUSIP Number)

Value Advisers, LLC, 717 Fifth Avenue, 10th Floor, New York, NY 10022

(Name, Address and Telephone Number
of Person
Authorized to Receive Notices and Communications)

June 30, 2016

(Date of Event which Requires Filing
of this Statement)

the appropriate box to designate the rule pursuant to which this Schedule is filed:


  Rule 13d-1(c)
  Rule 13d-1(d)

* The remainder of this cover page
shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of
this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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