SM
APP icon

Stephen Mandel’s Applovin APP Stock Holding History

Stephen Mandel’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 		$537M Sell
1,042,268
-422,655
-29% -$204M 3.28% 17
2026
Q1 		$583M Buy
1,464,923
+684,393
+88% +$331M 4.65% 5
2025
Q4 		$526M Sell
780,530
-328,608
-30% -$207M 3.86% 13
2025
Q3 		$797M Sell
1,109,138
-152,196
-12% -$70.2M 5.8% 4
2025
Q2 		$442M Sell
1,261,334
-332,594
-21% -$108M 3.14% 17
2025
Q1 		$422M Buy
1,593,928
+508,815
+47% +$175M 3.65% 16
2024
Q4 		$351M Sell
1,085,113
-1,284,753
-54% -$325M 2.61% 19
2024
Q3 		$309M Sell
2,369,866
-3,332,572
-58% -$304M 2.31% 22
2024
Q2 		$475M Buy
5,702,438
+382,767
+7% +$29.7M 3.85% 13
2024
Q1 		$368M Buy
+5,319,671
New +$282M 2.91% 18

Other funds holding APP

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Stephen Mandel's APP Position: Q2 2026 in Review

Stephen Mandel reduced its Applovin (APP) stake by 29% in Q2 2026, selling an estimated $204M and leaving 1,042,268 shares worth $537M. The position accounts for 3.28% of the portfolio, ranked #17.

Stephen Mandel first reported a position in APP in Q1 2024 and has held it in 10 quarters since. The position peaked at $797M in Q3 2025. 1,449 funds tracked by Wall St. Rank hold APP as of Q2 2026.

  • Stephen Mandel held 1,042,268 shares of Applovin worth $537M as of Q2 2026.
  • Stephen Mandel sold 422,655 Applovin shares in Q2 2026, an estimated $204M.
  • Applovin made up 3.28% of Stephen Mandel's portfolio in Q2 2026, its #17 holding.
  • Stephen Mandel first reported a position in Applovin in Q1 2024 and has held it in 10 quarters since.
  • Stephen Mandel's Applovin position peaked at $797M in Q3 2025.
  • 1,449 funds tracked by Wall St. Rank held Applovin as of Q2 2026.

Based on Lone Pine Capital's 13F filing for Q2 2026, filed 14 Aug 2026.