Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Applovin Corp (APP)

1K + Investors. Track Smart Money conviction in APP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +80
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — APP

Based on 1478 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added APP 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.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
1,478 funds currently hold this stock — 93% of the 3.0-year high of 1,590 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +26% more funds vs a year ago

fund count last 6Q
+302 new funds entered over the past year (+26% 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

867 buying655 selling
Last quarter: 867 funds bought or added vs 655 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 (+54 vs last Q)

new funds entering per quarter
Funds opening a new APP position: 415 → 300 → 170 → 224. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 31% long-term, 26% new

■ 31% conviction (2yr+) ■ 43% medium ■ 26% new
Of the 1,478 current holders: 457 (31%) held >2 years, 630 held 1–2 years, and 391 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +82%, value +36%

Value
+36%
Shares
+82%
Last quarter: funds added +82% more shares while total portfolio value only changed +36%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

275 → 415 → 300 → 170 → 224 new funds/Q
New funds entering each quarter: 415 → 300 → 170 → 224. APP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 32% veterans, 40% new entrants

■ 32% veterans ■ 28% 1-2yr ■ 40% new
Of 1,560 current holders: 497 (32%) held 2+ years, 437 held 1–2 years, 626 (40%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
74 of 1458 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in APP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — APP

In 2026 Q2, 867 hedge funds were net buyers of APP (224 opened a new position, 643 added to an existing one), while 655 reduced or exited (511 trimmed, 144 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 64% of total institutional value in APP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +80 funds (more new holders than closures). Total institutional holders: 1478.

Hedge Fund Ownership: APP

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

Market Analysis: APP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APP

-- --

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

Loading signal freshness…
Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

50 top-rated funds 28 high-conviction
Consensus
7.4
/ 10
breadth
×
Elite
6.3
/ 10
conviction
Hedge Fund Positioning: APP
2026 Q3 Stats Unlock in 34 days 1K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1445 1398 3.36%
13F Shares 245M 233M 5.36%
Total Value $121.73B $89.67B 35.75%
New Positions 220 170 +50
Increased Positions 616 530 +86
Closed Positions 153 361 -208
Reduced Positions 483 571 -88
Total Calls 51 43 18.6%
Total Puts 47 43 9.3%
PUT/CALL Ratio 0.92 1.0 Neutral

Statistics: APP

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Return on Assets (ttm) --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

1K + investors

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

QUARTER:
Top 25 APP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kensico Capital Management Corp 28.12% 3,182,850 $1.64B
2 Spruce House Investment Management LLC 27.13% 1,790,000 $922.3M
3 Augustine Asset Management Inc 26.46% 253,670 $130.7M
4 Greenstone Partners & Co., LLC 23.25% 195,251 $100.6M
5 Keenan Capital, LLC 19.48% 191,225 $98.5M
6 TFJ Management, LLC 16.10% 64,420 $33.2M
7 Panview Capital Ltd 15.41% 169,885 $87.5M
8 Dorsey Asset Management, LLC 14.50% 439,313 $226.3M
9 3G Capital Partners LP 13.11% 95,000 $48.9M
10 Metavasi Capital LP 12.29% 68,398 $35.2M
11 Steadview Capital Management LLC 11.67% 75,290 $38.8M
12 General Equity Holdings LP 9.51% 30,918 $15.9M
13 Sapient Capital LLC 7.52% 1,115,870 $574.9M
14 Jericho Capital Asset Management L.P. 7.14% 1,677,224 $864.2M
15 Selkirk Management LLC 6.92% 43,100 $22.2M
16 Freshford Capital Management, LLC 5.85% 33,180 $17.1M
17 Greycroft LP 5.84% 5,000 $2.6M
18 FirstWave Capital Management LLC 5.78% 25,426 $13.1M
19 Spyglass Capital Management LLC 5.33% 191,028 $98.4M
20 No Street GP LP 5.23% 169,000 $87.1M
21 Capital Impact Advisors, LLC 4.81% 166,642 $85.9M
22 Meadowbrook Wealth Management, LLC 4.44% 7,997 $4.1M
23 Nutshell Asset Management Ltd 4.39% 25,530 $13.2M
24 Deepwater Asset Management, LLC 4.09% 17,474 $9.0M
25 Glynn Capital Management LLC 3.56% 25,117 $12.9M
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

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Frequently Asked Questions — Applovin Corp (APP)

What does the Smart Money Trend signal show for APP?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added APP 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 APP?

Slight buying edge — 57% buying: Last quarter: 867 funds bought or added vs 655 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 APP holders?

Elite ownership — 64% AUM from top-100 funds: 74 of 1458 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in APP. 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 APP?

Mixed — 31% long-term, 26% new: Of the 1,478 current holders: 457 (31%) held >2 years, 630 held 1–2 years, and 391 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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