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
↓ -193
Streak
1Q ▼
Buyers last Q
43%

Smart Money Signals — APP

Based on 1395 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their APP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
1,395 funds currently hold this stock — 88% of the 3.0-year high of 1,588 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +40% more funds vs a year ago

fund count last 6Q
+395 new funds entered over the past year (+40% 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.
🟠

More sellers than buyers — 43% buying

722 buying947 selling
Last quarter: 947 funds reduced or exited vs 722 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-131 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 274 → 414 → 300 → 169. 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.
📌

Mixed — 27% long-term, 32% new

■ 27% conviction (2yr+) ■ 40% medium ■ 32% new
Of the 1,395 current holders: 381 (27%) held >2 years, 564 held 1–2 years, and 450 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 -12%, value -47%

Value
-47%
Shares
-12%
Last quarter: funds added -12% more shares while total portfolio value only changed -47%. 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

202 → 274 → 414 → 300 → 169 new funds/Q
New funds entering each quarter: 274 → 414 → 300 → 169. 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 — 27% veterans, 43% new entrants

■ 27% veterans ■ 30% 1-2yr ■ 43% new
Of 1,469 current holders: 392 (27%) held 2+ years, 445 held 1–2 years, 632 (43%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
71 of 1381 holders are among the 100 largest funds by AUM, controlling 53% 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.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — APP

In 2026 Q1, 722 hedge funds were net buyers of APP (169 opened a new position, 553 added to an existing one), while 947 reduced or exited (585 trimmed, 362 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 53% of total institutional value in APP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -193 funds (more exits than new entries). Total institutional holders: 1395.

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.

Is It Too Late to Buy Applovin Corp (APP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APP has moved relative to its sector benchmark (XLC) 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 · 85d ago
APP
+17.3%
XLC
-3.4%

APP outperformed XLC by +20.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
APP
-6.8%
XLC
-7.7%

Since the filing became public, APP outperformed XLC by +0.9% .

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 ?
Strong Institutional Conviction

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

89 top-rated funds 34 high-conviction
Consensus
8.5
/ 10
breadth
×
Elite
7.3
/ 10
conviction
Hedge Fund Positioning: APP
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1381 1588 -13.04%
13F Shares 230M 262M -12.08%
Total Value $89.07B $169.29B -47.39%
New Positions 166 300 -134
Increased Positions 526 635 -109
Closed Positions 373 154 +219
Reduced Positions 562 550 +12
Total Calls 43 42 2.38%
Total Puts 43 49 -12.24%
PUT/CALL Ratio 1.0 1.17 Neutral

Statistics: APP

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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)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kensico Capital Management Corp 26.69% 3,284,250 $1.31B
2 Spruce House Investment Management LLC 25.44% 1,790,000 $712.4M
3 Augustine Asset Management Inc 23.93% 267,051 $106.3M
4 Greenstone Partners & Co., LLC 19.67% 195,251 $77.7M
5 Panview Capital Ltd 18.71% 219,684 $87.4M
6 TFJ Management, LLC 17.70% 62,872 $25.0M
7 Keenan Capital, LLC 16.06% 191,225 $76.1M
8 Steadview Capital Management LLC 15.71% 89,450 $35.6M
9 3G Capital Partners LP 13.42% 95,000 $37.8M
10 General Equity Holdings LP 10.52% 35,620 $14.2M
11 Dorsey Asset Management, LLC 10.04% 316,952 $126.1M
12 Jericho Capital Asset Management L.P. 9.87% 1,677,224 $667.5M
13 Metavasi Capital LP 8.81% 61,167 $24.3M
14 FirstWave Capital Management LLC 8.41% 19,873 $7.9M
15 Sapient Capital LLC 7.64% 1,271,473 $506.0M
16 Selkirk Management LLC 6.59% 48,700 $19.4M
17 Freshford Capital Management, LLC 6.50% 32,723 $13.0M
18 Spyglass Capital Management LLC 4.99% 166,557 $66.3M
19 Infinitum Asset Management, LLC 4.97% 100,000 $39.8M
20 No Street GP LP 4.80% 181,000 $72.0M
21 Lone Pine Capital LLC 4.65% 1,464,923 $583.0M
22 Zweig-DiMenna Associates LLC 4.46% 80,950 $32.2M
23 Wcm Investment Management, LLC 4.25% 5,001,600 $1.86B
24 Meadowbrook Wealth Management, LLC 4.22% 8,000 $3.2M
25 Hiddenite Capital Partners LP 4.18% 40,000 $15.9M
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

Frequently Asked Questions — Applovin Corp (APP)

What does the Smart Money Trend signal show for APP?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their APP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for APP?

More sellers than buyers — 43% buying: Last quarter: 947 funds reduced or exited vs 722 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for APP holders?

Elite ownership — 53% AUM from top-100 funds: 71 of 1381 holders are among the 100 largest funds by AUM, controlling 53% 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 — 27% long-term, 32% new: Of the 1,395 current holders: 381 (27%) held >2 years, 564 held 1–2 years, and 450 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.

Is it too late to buy Applovin Corp (APP) following the 2026 Q1 hedge fund 13F filings?

As of today, APP has moved -6.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -7.7% for the XLC sector ETF — an outperformance of +0.9%. Since the quarter end (March 31, 2026), APP has gained +17.3% vs -3.4% for XLC. 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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