Spruce House Investment Management’s Applovin APP Stock Holding History

Spruce House Investment Management’s Portfolio APP Stock Details APP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$922M	Hold	1,790,000	–	–	27.13%	1
2026 Q1	$712M	Sell	1,790,000 -9,729	-0.5%	-$4.7M	25.44%	2
2025 Q4	$1.21B	Sell	1,799,729 -257,295	-13%	-$162M	35.17%	1
2025 Q3	$1.48B	Hold	2,057,024	–	–	38.18%	1
2025 Q2	$720M	Hold	2,057,024	–	–	26.57%	2
2025 Q1	$545M	Sell	2,057,024 -1,050,000	-34%	-$362M	28.3%	2
2024 Q4	$1.01B	Sell	3,107,024 -492,976	-14%	-$125M	36.98%	1
2024 Q3	$470M	Hold	3,600,000	–	–	23.04%	2
2024 Q2	$300M	Sell	3,600,000 -1,400,000	-28%	-$109M	19.73%	2
2024 Q1	$346M	Hold	5,000,000	–	–	24.89%	2
2023 Q4	$199M	Hold	5,000,000	–	–	15.66%	3
2023 Q3	$200M	Hold	5,000,000	–	–	17.76%	3
2023 Q2	$129M	Hold	5,000,000	–	–	14.7%	4
2023 Q1	$78.8M	Hold	5,000,000	–	–	15.41%	5
2022 Q4	$52.6M	Buy	5,000,000 +1,259,199	+34%	+$18.5M	13.96%	4
2022 Q3	$72.9M	Hold	3,740,801	–	–	13.14%	4
2022 Q2	$129M	Sell	3,740,801 -1,900,846	-34%	-$76.4M	18.6%	3
2022 Q1	$311M	Buy	5,641,647 +641,647	+13%	+$40.8M	17.97%	3
2021 Q4	$471M	Hold	5,000,000	–	–	14.78%	3
2021 Q3	$362M	Buy	5,000,000 +2,200,000	+79%	+$150M	9.37%	3
2021 Q2	$210M	Buy	+2,800,000	New	+$193M	5.01%	5

Other funds holding APP

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Spruce House Investment Management's APP Position: Q2 2026 in Review

Spruce House Investment Management held its Applovin (APP) position steady in Q2 2026 at 1,790,000 shares worth $922M. The position accounts for 27.13% of the portfolio, ranked #1.

Spruce House Investment Management first reported a position in APP in Q2 2021 and has held it in 21 quarters since. The position peaked at $1.48B in Q3 2025. 1,457 funds tracked by Wall St. Rank hold APP as of Q2 2026.

Spruce House Investment Management held 1,790,000 shares of Applovin worth $922M as of Q2 2026.
Spruce House Investment Management left its Applovin share count unchanged in Q2 2026.
Applovin made up 27.13% of Spruce House Investment Management's portfolio in Q2 2026, its #1 holding.
Spruce House Investment Management first reported a position in Applovin in Q2 2021 and has held it in 21 quarters since.
Spruce House Investment Management's Applovin position peaked at $1.48B in Q3 2025.
1,457 funds tracked by Wall St. Rank held Applovin as of Q2 2026.

Based on Spruce House Investment Management's 13F filing for Q2 2026, filed 14 Aug 2026.