Applied Digital
APLD
437 hedge funds and large institutions have $4.41B invested in Applied Digital in 2025 Q4 according to their latest regulatory filings, with 133 funds opening new positions, 166 increasing their positions, 97 reducing their positions, and 63 closing their positions.
140% more call options, than puts
Call options by funds: $1.32B | Put options by funds: $549M
111% more first-time investments, than exits
New positions opened: 133 | Existing positions closed: 63
71% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 97
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
18% more funds holding
Funds holding: 369 → 437 (+68)
8% more capital invested
Capital invested by funds: $4.1B → $4.41B (+$313M)
1.79% less ownership
Funds ownership: 66.2% → 64.41% (-1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$186M |
| 2 |
VARA
Value Aligned Research Advisors
Princeton,
New Jersey
|
+$163M |
| 3 |
SA
Situational Awareness
San Francisco,
California
|
+$152M |
| 4 |
MG
Marex Group
London,
|
+$112M |
| 5 |
BlackRock
New York
|
+$67.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$207M |
| 2 |
NC
Nvidia Corp
Santa Clara,
California
|
-$177M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$114M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$112M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$105M |
APLD Hedge Fund Activity: Q4 2025 in Review
437 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Applied Digital (APLD) for Q4 2025, worth a combined $4.41B — up 7.6% from $4.1B a quarter earlier.
Buyers outnumbered sellers: 133 funds opened new APLD positions and 63 closed out — a net gain of 70 holders — while 166 added to existing stakes and 97 trimmed.
The largest buyer was Vanguard Group, adding an estimated $186M. The largest seller was Jane Street, exiting entirely with an estimated $207M sold.
- 437 institutional investors held Applied Digital (APLD) as of Q4 2025, up from 369 in Q3 2025.
- Funds reported $4.41B of Applied Digital stock for Q4 2025, up 7.6% quarter-over-quarter.
- 133 funds opened new Applied Digital positions in Q4 2025 and 63 closed out, a net change of +70 holders.
- The largest Applied Digital buyer in Q4 2025 was Vanguard Group, an estimated $186M added.
- The largest Applied Digital seller in Q4 2025 was Jane Street, an estimated $207M sold.
Based on aggregated 13F filings for Q4 2025.