Top 5 Stock Picks of Jesse Ro’s Tiger Legatus Capital

3. Apollo Global Management Inc. (NYSE:APO)

Tiger Legatus Capital’s Stake Value: $5.89M

Percentage of Tiger Legatus Capital’s 13F Portfolio: 9.43%

Number of Hedge Fund Holdings: 64

Apollo Global Management Inc. (NYSE:APO) is an American global alternative investment management firm, which is based in New York City, New York, and specializes in credit investment, private equity, and real assets. As of the first quarter of 2022, Apollo Global Management Inc. (NYSE:APO) had over $512 billion worth of assets under management, with Mark Racheksy’s MHR Fund Management emerging as the leading shareholder with stakes worth almost $36 million. Ro’s Tiger Legatus Capital bought 95,000 shares, which are worth more than $5.89 million. This has led to Apollo Global Management Inc. (NYSE:APO) contributing 9.43% to Jesse Ro’s 13F investment portfolio for the first quarter of 2022.

Miller Value Partners, an investment management firm, mentioned Apollo Global Management Inc. (NYSE:APO) in their Q4 2021 investor letter. This is what they said:

“Apollo Global Management (NYSE:APO) rose 18.4% during the quarter. The company reported Q3 distributable earnings (DE) of $1.71, well ahead of consensus of $1.10 and the quarterly dividend of $0.50/share (2.8% annualized yield). Fee-related earnings of $300M beat by 7% while realized net performance fees of $312M topped estimates by 23%. Total assets under management (AUM) of $481.1Bn and fee-earning AUM of $361.3Bn both rose +2% sequentially on the back of robust capital raising with $18.1Bn of inflows over the period. Additionally, Apollo (NYSE:APO) hosted their 2021 Investor Day, outlining long-term financial targets including over $9/share in distributable earnings by 2026 (14% Compound Annual Growth Rate (CAGR) from $5.50 pro-forma 2022E) and fee-related earnings of $4.50-$4.75 (18% CAGR). Management expects to roughly double AUM by 2026 to $1trn from $481Bn currently with a 2.25x increase in fee-related revenues to $4.6Bn.”