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
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities
Exchange Act of 1934
(Amendment No. 3)*
Apollo Residential
Mortgage Series A 8% pfd
(Name of Issuer)
Common Stock
pfd
(Title of Class of Securities)
03763V201
(CUSIP Number)
International
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)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule
13d-1(b)
☐ 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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Page 2 of 5 – SEC Filing
| CUSIP No. 000000000 | 13G | Page 2 of 5 Pages | ||
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) International Value Advisers, LLC | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ | |||
| 3. | SEC USE ONLY | |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER 583,747 | ||
| 6. | SHARED VOTING POWER 0 | |||
| 7. | SOLE DISPOSITIVE POWER 621,947 | |||
| 8. | SHARED DISPOSITIVE POWER 0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 621,947 | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.0% | |||
| 12. | TYPE OF REPORTING PERSON (see instructions) Investment Adviser | |||
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Page 3 of 5 – SEC Filing
| CUSIP No. 000000000 | 13G | Page 3 of 5 Pages | ||
Item 1.
| (a) | Name of Issuer Apollo Residential Management | |
| (b) | Address of Issuer’s Principal Executive Offices New York, NY 10019 | |
Item 2.
| (a) | Name of Person Filing International Value Advisers, LLC | |
| (b) | Address of the Principal Office or, if none, residence 717 Fifth Avenue, 10th Floor, New York, New York 10022 | |
| (c) | Citizenship Delaware | |
| (d) | Title of Class of Securities Common Stock Pfd | |
| (e) | CUSIP Number 03763V201 | |
Item 3. If this statement is filed
pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | |
| (e) | ☒ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). | |
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Page 4 of 5 – SEC Filing
| CUSIP No. 000000000 | 13G | Page 4 of 5 Pages | ||
Item 4. Ownership.
Provide the following information regarding
the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: 621,947 | |||
| (b) | Percent of class: 9.01% | |||
| (c) | Number of shares as to which the person has: 00,000 | |||
| (i) | Sole power to vote or to direct the vote 583,747. | |||
| (ii) | Shared power to vote or to direct the vote 0. | |||
| (iii) | Sole power to dispose or to direct the disposition of 621,947. | |||
| (iv) | Shared power to dispose or to direct the disposition of 0. | |||
Instruction. For computations regarding
securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
Item 5. Ownership of Five Percent
or Less of a Class.
If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐.
Instruction. Dissolution of a group requires
a response to this item.
Item 6. Ownership of More than
Five Percent on Behalf of Another Person.
The shares reported herein are held by various separately managed account clients (“Managed Accounts”)
and certain funds (the “Funds”) under the management of International Value Advisers, LLC (“IVA”), an investment
adviser registered under the Investment Advisers Act of 1940. IVA is deemed to be the beneficial of 621,947 shares representing
9.0% of the preferred stock outstanding held by the Managed Accounts and Funds. IVA Worldwide Fund, an investment company registered
under the Investment Company Act of 1940, as amended, owns 399,222 representing 5.8% of the preferred stock outstanding. No other
person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, shares other than the Managed Accounts and Funds.
Item 7. Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification
of Members of the Group.
N/A
Item 9. Notice of Dissolution
of Group.
N/A
Item 10. Certification.
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): | |||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | ||||
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): | |||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | ||||
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Page 5 of 5 – SEC Filing
| CUSIP No. 000000000 | 13G | Page 5 of 5 Pages | ||
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| July Date |
| /s/ Signature |
| Chief Name/Title |
