Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Applied Digital Corp (APLD)

459 + Investors. Track Smart Money conviction in APLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +16
Streak
8Q ▲
Buyers last Q
57%

Smart Money Signals — APLD

Based on 460 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added APLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
460 hedge funds hold APLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +80% more funds vs a year ago

fund count last 6Q
+205 new funds entered over the past year (+80% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

285 buying216 selling
Last quarter: 285 funds bought or added vs 216 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-35 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 90 → 132 → 132 → 97. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 49% entered in last year

■ 20% conviction (2yr+) ■ 32% medium ■ 49% new
Only 90 funds (20%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
➡️

Steady discovery — ~97 new funds/quarter

79 → 90 → 132 → 132 → 97 new funds/Q
New funds entering each quarter: 90 → 132 → 132 → 97. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 57% of holders entered in last year

■ 25% veterans ■ 17% 1-2yr ■ 57% new
Of 503 current holders: 288 (57%) entered in the past year, only 127 (25%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
53 of 451 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — APLD

In 2026 Q1, 285 hedge funds were net buyers of APLD (97 opened a new position, 188 added to an existing one), while 216 reduced or exited (135 trimmed, 81 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in APLD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +16 funds (more new holders than closures). Total institutional holders: 460.

Hedge Fund Ownership: APLD

How many hedge funds hold APLD — quarterly history vs. share price
Quarterly hedge fund ownership of APLD vs. share price

Market Analysis: APLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Applied Digital Corp (APLD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APLD has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
APLD
+92.0%
XLK
+39.8%

APLD outperformed XLK by +52.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
APLD
+7.1%
XLK
+5.4%

Since the filing became public, APLD outperformed XLK by +1.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 9 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
5.2
/ 10
conviction
Hedge Fund Positioning: APLD
459 + Investors

Track Smart Money conviction in APLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 459 444 3.38%
13F Shares 264M 243M 8.62%
Total Value $6.07B $5.94B 2.33%
New Positions 96 132 -36
Increased Positions 173 167 +6
Closed Positions 81 63 +18
Reduced Positions 128 103 +25
Total Calls 28 30 -6.67%
Total Puts 24 29 -17.24%
PUT/CALL Ratio 0.86 0.97 Neutral

Statistics: APLD

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Institutional Holders (2026 Q1)

459 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in APLD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 APLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Dba Trading, LLC 65.75% 5,576,235 $132.4M
2 Covalis (Gibraltar) Ltd 14.86% 141,088 $3.3M
3 Plustick Management LLC 7.34% 640,000 $15.2M
4 Clearfield Capital Management LP 6.50% 514,379 $12.2M
5 Hood River Capital Management LLC 5.49% 23,075,612 $547.8M
6 Spear Advisors LLC 4.45% 251,886 $6.0M
7 TFR Capital, LLC. 2.91% 372,960 $9.5M
8 Cannon Capital Management, Inc. 2.89% 149,809 $3.6M
9 Situational Awareness Partners LP 2.34% 13,478,438 $320.0M
10 Situational Awareness LP 2.34% 13,478,438 $320.0M
11 REX Advisers, LLC 2.14% 29,800 $707K
12 Agp Franklin, LLC 1.71% 143,922 $3.4M
13 Oasis Management Co Ltd. 1.43% 1,032,817 $24.5M
14 Oasis Management Co Ltd. 1.38% 1,000,000 $23.7M
15 Scientech Research LLC 1.36% 68,813 $1.6M
16 Feynman Point Asset Management LLC 1.36% 46,433 $1.1M
17 Findell Capital Management LLC 1.18% 170,000 $4.0M
18 Bannerstone Capital Management, LLC 1.14% 51,692 $1.2M
19 Covalis Capital LLP 1.08% 738,143 $17.5M
20 Tactive Advisors, LLC 1.01% 151,517 $3.6M
21 Shay Capital LLC 0.90% 452,500 $10.7M
22 Wealth Management Associates, Inc. 0.80% 97,510 $2.3M
23 Value Aligned Research Advisors, LLC 0.76% 6,668,311 $158.3M
24 Next Century Growth Investors LLC 0.74% 431,900 $10.3M
25 Register Financial Advisors LLC 0.66% 75,300 $1.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Applied Digital Corp (APLD)

What does the Smart Money Trend signal show for APLD?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added APLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for APLD?

Slight buying edge — 57% buying: Last quarter: 285 funds bought or added vs 216 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for APLD holders?

Strong quality — 29% AUM from major funds: 53 of 451 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held APLD?

Mostly new holders — 49% entered in last year: Only 90 funds (20%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Applied Digital Corp (APLD) following the 2026 Q1 hedge fund 13F filings?

As of today, APLD has moved +7.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of +1.7%. Since the quarter end (March 31, 2026), APLD has gained +92.0% vs +39.8% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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