Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Applied Digital Corp (APLD)

553 + 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
↑ +105
Streak
9Q ▲
Buyers last Q
59%

Smart Money Signals — APLD

Based on 566 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 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
566 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 — +97% more funds vs a year ago

fund count last 6Q
+278 new funds entered over the past year (+97% 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 — 59% buying

353 buying249 selling
Last quarter: 353 funds bought or added vs 249 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.
📈

More new buyers each quarter (+77 vs last Q)

new funds entering per quarter
Funds opening a new APLD position: 132 → 133 → 97 → 174. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 45% entered in last year

■ 19% conviction (2yr+) ■ 36% medium ■ 45% new
Only 106 funds (19%) 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.
💰

Value +72% but shares only +11% — price-driven

Value
+71%
Shares
+10%
Last quarter: the total dollar value of institutional holdings rose +72%, but actual share count only changed +11%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~174 new funds/quarter

91 → 132 → 133 → 97 → 174 new funds/Q
New funds entering each quarter: 132 → 133 → 97 → 174. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 55% of holders entered in last year

■ 24% veterans ■ 20% 1-2yr ■ 55% new
Of 621 current holders: 344 (55%) entered in the past year, only 151 (24%) 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.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
56 of 556 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in APLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.9
out of 10
Moderate Exit Risk
Exit risk score 4.9/10 — 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 Q2, 353 hedge funds were net buyers of APLD (174 opened a new position, 179 added to an existing one), while 249 reduced or exited (180 trimmed, 69 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 41% of total institutional value in APLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +105 funds (more new holders than closures). Total institutional holders: 566.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

27 top-rated funds 10 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: APLD
553 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 553 461 19.96%
13F Shares 280M 264M 6.37%
Total Value $10.14B $6.07B 66.92%
New Positions 173 97 +76
Increased Positions 170 173 -3
Closed Positions 71 81 -10
Reduced Positions 161 128 +33
Total Calls 37 28 32.14%
Total Puts 28 24 16.67%
PUT/CALL Ratio 0.76 0.86 Neutral

Statistics: APLD

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Institutional Holders (2026 Q2)

553 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Dba Trading, LLC 66.54% 5,576,235 $132.4M
2 Equitec Proprietary Markets, LLC 55.84% 8,373,964 $312.3M
3 Clearfield Capital Management LP 13.46% 514,379 $19.2M
4 Oasis Management Co Ltd. 9.95% 5,007,317 $186.8M
5 Plustick Management LLC 6.59% 475,000 $17.7M
6 Hood River Capital Management LLC 6.09% 22,518,887 $840.0M
7 Cannon Capital Management, Inc. 4.65% 146,689 $5.5M
8 Vennlight Capital Management, LP 3.88% 155,219 $5.8M
9 Spear Advisors LLC 3.85% 300,897 $11.2M
10 Arosa Capital Management LP 3.59% 540,000 $20.1M
11 TFR Capital, LLC. 2.45% 233,428 $8.7M
12 Agp Franklin, LLC 2.37% 146,354 $5.5M
13 Situational Awareness LP 2.32% 15,384,616 $469.0M
14 Feynman Point Asset Management LLC 2.19% 32,150 $1.2M
15 Steamboat Capital Partners, LLC 1.54% 193,105 $7.2M
16 Bannerstone Capital Management, LLC 1.41% 44,960 $1.7M
17 Tactive Advisors, LLC 1.37% 149,348 $5.6M
18 Sentinel Dome Partners, LLC 1.07% 39,500 $1.5M
19 Wealth Management Associates, Inc. 1.00% 97,475 $3.6M
20 Lisanti Capital Growth, LLC 1.00% 121,865 $4.5M
21 Bayesian Capital Management, LP 0.90% 37,800 $1.4M
22 Clarity Financial LLC 0.89% 282,075 $10.5M
23 Thames Capital Management LLC 0.88% 288,167 $10.7M
24 Shannon River Fund Management LLC 0.88% 265,474 $9.9M
25 Alight Capital Management LP 0.87% 165,800 $6.2M
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 — 9 quarters in a row: For 9 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 — 59% buying: Last quarter: 353 funds bought or added vs 249 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?

Elite ownership — 41% AUM from top-100 funds: 56 of 556 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in APLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held APLD?

Mostly new holders — 45% entered in last year: Only 106 funds (19%) 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.

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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