Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Digital Turbine Inc (APPS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
43%

Smart Money Signals — APPS

Based on 198 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added APPS 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 — 90% of 3.0Y peak

90% of all-time peak
198 funds currently hold this stock — 90% of the 3.0-year high of 221 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+21% 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

88 buying118 selling
Last quarter: 118 funds reduced or exited vs 88 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 (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 39 → 28 → 44 → 37. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 22% medium ■ 16% new
123 out of 198 hedge funds have held APPS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -0%, value -44%

Value
-43%
Shares
0%
Last quarter: funds added -0% more shares while total portfolio value only changed -44%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

43 → 39 → 28 → 44 → 37 new funds/Q
New funds entering each quarter: 39 → 28 → 44 → 37. A growing number of institutions are discovering APPS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 74% veterans vs 17% newcomers

■ 74% veterans ■ 9% 1-2yr ■ 17% new
Entry-cohort mix of 209 holders: 155 (74%) are 2+ year veterans, 18 entered 1–2 years ago, and 36 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
43 of 198 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — APPS

In 2026 Q1, 88 hedge funds were net buyers of APPS (37 opened a new position, 51 added to an existing one), while 118 reduced or exited (85 trimmed, 33 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 35% of total institutional value in APPS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 198.

Hedge Fund Ownership: APPS

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

Market Analysis: APPS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APPS

-- --

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

Is It Too Late to Buy Digital Turbine Inc (APPS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APPS 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 · 82d ago
APPS
+199.0%
XLK
+44.0%

APPS outperformed XLK by +155.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
APPS
+104.0%
XLK
+8.6%

Since the filing became public, APPS outperformed XLK by +95.4% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

18 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: APPS
196 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 196 194 1.03%
13F Shares 73M 73M -0.15%
Total Value $207M $368M -43.82%
New Positions 35 44 -9
Increased Positions 45 73 -28
Closed Positions 33 25 +8
Reduced Positions 83 49 +34
Total Calls 6 7 -14.29%
Total Puts 5 7 -28.57%
PUT/CALL Ratio 0.83 1.0 Neutral

Statistics: APPS

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

196 + investors

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

QUARTER:
Top 25 APPS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 P.A.W. Capital Corp 2.35% 300,000 $864K
2 AIGH Capital Management LLC 1.92% 4,895,772 $14.1M
3 Manatuck Hill Partners, LLC 1.05% 1,353,417 $3.9M
4 Granahan Investment Management, LLC 0.99% 7,112,351 $20.5M
5 S Squared Technology, LLC 0.83% 762,794 $2.2M
6 G2 Investment Partners Management LLC 0.57% 800,000 $2.3M
7 HERALD INVESTMENT MANAGEMENT Ltd 0.23% 587,829 $1.7M
8 Worth Venture Partners, LLC 0.20% 21,423 $62K
9 Globeflex Capital L P 0.19% 425,906 $1.2M
10 GC Wealth Management RIA, LLC 0.07% 576,273 $1.7M
11 Baader Bank Aktiengesellschaft 0.07% 303,202 $871K
12 Gagnon Securities LLC 0.05% 81,839 $236K
13 Virtus Advisers, LLC 0.04% 29,100 $84K
14 Counterpoint Mutual Funds LLC 0.04% 84,339 $243K
15 Two Sigma Securities, LLC 0.03% 77,946 $224K
16 Silvercrest Asset Management Group LLC 0.02% 936,044 $2.7M
17 Segall Bryant & Hamill, LLC 0.02% 257,306 $970K
18 EntryPoint Capital, LLC 0.01% 16,778 $48K
19 Catalyst Funds Management Pty Ltd 0.01% 28,700 $83K
20 Abel Hall, LLC 0.01% 22,566 $65K
21 Quantbot Technologies LP 0.01% 109,278 $315K
22 Hrt Financial LP 0.01% 1,442,083 $4.2M
23 Alpine Global Management, LLC 0.01% 23,980 $69K
24 Lloyd Advisory Services, LLC. 0.01% 12,016 $35K
25 Kingdom Financial Group LLC. 0.01% 12,016 $35K
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 — Digital Turbine Inc (APPS)

What does the Smart Money Trend signal show for APPS?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added APPS 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 APPS?

More sellers than buyers — 43% buying: Last quarter: 118 funds reduced or exited vs 88 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 APPS holders?

Strong quality — 35% AUM from major funds: 43 of 198 holders rank in the top 100 by AUM, accounting for 35% 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 APPS?

62% of holders stayed for 2+ years: 123 out of 198 hedge funds have held APPS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Digital Turbine Inc (APPS) following the 2026 Q1 hedge fund 13F filings?

As of today, APPS has moved +104.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of +95.4%. Since the quarter end (March 31, 2026), APPS has gained +199.0% vs +44.0% for XLK. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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