Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

APPLOVIN CORP (APP)

2K + 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
↑ +126
Streak
11Q ▲
Buyers last Q
57%

Smart Money Signals — APP

Based on 1490 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,490 hedge funds hold APP 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 — +61% more funds vs a year ago

fund count last 6Q
+565 new funds entered over the past year (+61% 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

904 buying687 selling
Last quarter: 904 funds bought or added vs 687 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 (-118 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 189 → 255 → 392 → 274. 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 — 41% entered in last year

■ 20% conviction (2yr+) ■ 39% medium ■ 41% new
Only 301 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.
📈

Growing discovery — still being found

313 → 189 → 255 → 392 → 274 new funds/Q
New funds entering each quarter: 189 → 255 → 392 → 274. A growing number of institutions are discovering APP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 56% of holders entered in last year

■ 23% veterans ■ 21% 1-2yr ■ 56% new
Of 1,567 current holders: 872 (56%) entered in the past year, only 363 (23%) 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 — 50% AUM from top-100 funds

50% from top-100 AUM funds
47 of 1490 holders are among the 100 largest funds by AUM, controlling 50% 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.
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.

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

-- --
Smart Money Signal ?
Strong Institutional Conviction

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

148 top-rated funds 63 high-conviction
Consensus
9.4
/ 10
breadth
×
Elite
7.5
/ 10
conviction
Hedge Fund Positioning: APP
2026 Q1 Stats Unlock in 20 days 2K + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1567 1443 8.59%
13F Shares 259M 271M -4.25%
Total Value $167.73B $189.09B -11.3%
New Positions 281 397 -116
Increased Positions 700 577 +123
Closed Positions 155 145 +10
Reduced Positions 648 532 +116
Total Calls 42 45 -6.67%
Total Puts 49 54 -9.26%
PUT/CALL Ratio 1.17 1.2 Neutral

Statistics: APP

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

2K + investors

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

Top 25 institutional holders of APP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AUGUSTINE ASSET MANAGEMENT INC 23.93% 267,051 $106.3M
2 SAPIENT CAPITAL LLC 7.64% 1,271,473 $506.0M
3 Meadowbrook Wealth Management, LLC 4.22% 8,000 $3.2M
4 Integrated Financial Solutions, Inc. 3.11% 11,272 $4.5M
5 Robertson Stephens Wealth Management, LLC 2.71% 242,697 $96.6M
6 PCB Capital LLC 2.41% 2,231 $1.5M
7 Overbrook Management Corp 2.19% 29,181 $11.6M
8 JACOBSON & SCHMITT ADVISORS, LLC 2.07% 28,702 $11.4M
9 Abacus FCF Advisors LLC 1.66% 18,542 $7.4M
10 Legal Advantage Investments, Inc. 1.62% 7,885 $3.1M
11 SIERRA SUMMIT ADVISORS LLC 1.51% 26,162 $10.4M
12 Seascape Capital Management 1.50% 13,067 $5K
13 Leeward Financial Partners, LLC 1.49% 12,627 $5.0M
14 UNICOM Systems, Inc. 1.30% 31,900 $12.7M
15 WD RUTHERFORD LLC 1.24% 7,023 $2.8M
16 Cannon Advisors, Inc. 1.13% 3,821 $1.5M
17 Pinnacle Wealth Management, LLC 1.12% 4,190 $1.7M
18 BRAUN STACEY ASSOCIATES INC 1.00% 75,433 $30.0M
19 SHELTON WEALTH MANAGEMENT, LLC 1.00% 5,730 $2.3M
20 ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.97% 85,199 $33.9M
21 INVESTMENT HOUSE LLC 0.94% 45,497 $18.1M
22 Colonial River Investments, LLC 0.92% 6,432 $2.6M
23 Balboa Wealth Partners 0.91% 13,640 $5.4M
24 Verde Servicos Internacionais S.A. 0.82% 6,700 $3K
25 Nicholas Wealth, LLC. 0.79% 2,866 $1.1M
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 — APPLOVIN CORP (APP)

What does the Smart Money Trend signal show for APP?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, 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: 904 funds bought or added vs 687 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 — 50% AUM from top-100 funds: 47 of 1490 holders are among the 100 largest funds by AUM, controlling 50% 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?

Mostly new holders — 41% entered in last year: Only 301 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.

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.