Applied Digital
APLD
249 hedge funds and large institutions have $817M invested in Applied Digital in 2025 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 104 increasing their positions, 47 reducing their positions, and 61 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 47
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
13% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 61
2% more funds holding
Funds holding: 243 → 249 (+6)
3.82% less ownership
Funds ownership: 69.06% → 65.24% (-3.8%)
11% less call options, than puts
Call options by funds: $52.5M | Put options by funds: $58.7M
27% less capital invested
Capital invested by funds: $1.11B → $817M (-$297M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$48.1M |
| 2 |
SA
Situational Awareness
San Francisco,
California
|
+$31.7M |
| 3 |
D.E. Shaw & Co
New York
|
+$18.3M |
| 4 |
OMC
Oasis Management Company
Grand Cayman,
Cayman Islands
|
+$17M |
| 5 |
PCIG
Partners Capital Investment Group
Boston,
Massachusetts
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$40M |
| 2 |
TI
Think Investments
San Francisco,
California
|
-$15.7M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$11M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$10.7M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$7.39M |
APLD Hedge Fund Activity: Q1 2025 in Review
249 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Applied Digital (APLD) for Q1 2025, worth a combined $817M — down 27% from $1.11B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new APLD positions and 61 closed out — a net gain of 8 holders — while 104 added to existing stakes and 47 trimmed.
The largest buyer was Hood River Capital Management, adding an estimated $48.1M. The largest seller was Millennium Management, cutting an estimated $40M.
- 249 institutional investors held Applied Digital (APLD) as of Q1 2025, up from 243 in Q4 2024.
- Funds reported $817M of Applied Digital stock for Q1 2025, down 27% quarter-over-quarter.
- 69 funds opened new Applied Digital positions in Q1 2025 and 61 closed out, a net change of +8 holders.
- The largest Applied Digital buyer in Q1 2025 was Hood River Capital Management, an estimated $48.1M added.
- The largest Applied Digital seller in Q1 2025 was Millennium Management, an estimated $40M sold.
Based on aggregated 13F filings for Q1 2025.