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Applied Digital

368 hedge funds and large institutions have $4.1B invested in Applied Digital in 2025 Q3 according to their latest regulatory filings, with 127 funds opening new positions, 119 increasing their positions, 81 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 37

182% more capital invested

Capital invested by funds: $1.45B → $4.1B (+$2.65B)

50% more call options, than puts

Call options by funds: $866M | Put options by funds: $578M

47% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 81

31% more funds holding

Funds holding: 281368 (+87)

13% more funds holding in top 10

Funds holding in top 10: 89 (+1)

2.16% more ownership

Funds ownership: 64.01%66.17% (+2.2%)

Holders
368
Holders Change
+87
Holders Change %
+30.96%
% of All Funds
4.83%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.12%
New
127
Increased
119
Reduced
81
Closed
37
Calls
$866M
Puts
$578M
Net Calls
+$287M
Net Calls Change
+$205M
Name Holding Trade Value Shares
Change
Change in
Stake
HRCM
1
Hood River Capital Management
Florida
$483M -$12M -812,377 -4%
BlackRock
2
BlackRock
New York
$425M +$55.7M +3,762,543 +26%
Vanguard Group
3
Vanguard Group
Pennsylvania
$407M +$49.4M +3,339,062 +23%
D.E. Shaw & Co
4
D.E. Shaw & Co
New York
$250M +$161M +10,905,830 New
NC
5
Nvidia Corp
California
$177M
Jane Street
6
Jane Street
New York
$165M +$107M +7,198,999 New
SA
7
Situational Awareness
California
$139M -$7.81M -527,645 -8%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$137M +$14.4M +973,845 +19%
State Street
9
State Street
Massachusetts
$111M +$10.9M +732,889 +18%
BNP Paribas Financial Markets
10
BNP Paribas Financial Markets
France
$107M -$7.91M -534,027 -10%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$94.1M +$58.9M +3,976,151 +3,111%
Citadel Advisors
12
Citadel Advisors
Florida
$91.1M +$8.97M +605,889 +18%
Mirae Asset Global ETFs Holdings
13
Mirae Asset Global ETFs Holdings
Hong Kong
$73.4M +$7.96M +537,839 +20%
Renaissance Technologies
14
Renaissance Technologies
New York
$72.9M +$23.7M +1,600,300 +101%
Two Sigma Investments
15
Two Sigma Investments
New York
$69.5M +$44.9M +3,031,154 New
Morgan Stanley
16
Morgan Stanley
New York
$59.3M -$19.8M -1,339,122 -34%
UBS Group
17
UBS Group
Switzerland
$48.7M +$27.4M +1,850,705 +680%
Charles Schwab
18
Charles Schwab
California
$48.2M +$3.47M +234,555 +13%
T. Rowe Price Investment Management
19
T. Rowe Price Investment Management
Maryland
$47.2M +$30.4M +2,055,489 New
Northern Trust
20
Northern Trust
Illinois
$45.6M +$4.86M +328,352 +20%
Wells Fargo
21
Wells Fargo
California
$41.6M +$24.2M +1,634,199 +919%
Marshall Wace
22
Marshall Wace
United Kingdom
$38.6M +$15.2M +1,027,655 +157%
PM
23
Plustick Management
Virginia
$37.6M -$8.14M -550,000 -25%
2C
24
272 Capital
Texas
$37.4M
HF
25
HRT Financial
New York
$37.2M +$2.33M +157,412 +11%

APLD Hedge Fund Activity: Q3 2025 in Review

368 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Applied Digital (APLD) for Q3 2025, worth a combined $4.1B — up 182% from $1.45B a quarter earlier.

Buyers outnumbered sellers: 127 funds opened new APLD positions and 37 closed out — a net gain of 90 holders — while 119 added to existing stakes and 81 trimmed.

The largest buyer was D.E. Shaw & Co, opening a new position worth an estimated $161M. The largest seller was Goldman Sachs, cutting an estimated $41.7M.

  • 368 institutional investors held Applied Digital (APLD) as of Q3 2025, up from 281 in Q2 2025.
  • Funds reported $4.1B of Applied Digital stock for Q3 2025, up 182% quarter-over-quarter.
  • 127 funds opened new Applied Digital positions in Q3 2025 and 37 closed out, a net change of +90 holders.
  • The largest Applied Digital buyer in Q3 2025 was D.E. Shaw & Co, an estimated $161M added.
  • The largest Applied Digital seller in Q3 2025 was Goldman Sachs, an estimated $41.7M sold.

Based on aggregated 13F filings for Q3 2025.