Applovin
APP
1,199 hedge funds and large institutions have $70B invested in Applovin in 2025 Q2 according to their latest regulatory filings, with 288 funds opening new positions, 440 increasing their positions, 415 reducing their positions, and 93 closing their positions.
210% more first-time investments, than exits
New positions opened: 288 | Existing positions closed: 93
42% more call options, than puts
Call options by funds: $6.11B | Put options by funds: $4.3B
28% more capital invested
Capital invested by funds: $54.7B → $70B (+$15.3B)
18% more funds holding
Funds holding: 1,014 → 1,199 (+185)
2% more funds holding in top 10
Funds holding in top 10: 45 → 46 (+1)
6% more repeat investments, than reductions
Existing positions increased: 440 | Existing positions reduced: 415
2.4% less ownership
Funds ownership: 67.56% → 65.16% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$751M |
| 2 |
D.E. Shaw & Co
New York
|
+$529M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$383M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$366M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$274M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.12B |
| 2 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$928M |
| 3 |
DWM
Dynasty Wealth Management
St. Petersburg,
Florida
|
-$876M |
| 4 |
BlackRock
New York
|
-$699M |
| 5 |
Sands Capital Management
Arlington,
Virginia
|
-$402M |
APP Hedge Fund Activity: Q2 2025 in Review
1,199 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Applovin (APP) for Q2 2025, worth a combined $70B — up 28% from $54.7B a quarter earlier.
Buyers outnumbered sellers: 288 funds opened new APP positions and 93 closed out — a net gain of 195 holders — while 440 added to existing stakes and 415 trimmed.
The largest buyer was Millennium Management, adding an estimated $751M. The largest seller was JP Morgan Chase, cutting an estimated $1.12B.
- 1,199 institutional investors held Applovin (APP) as of Q2 2025, up from 1,014 in Q1 2025.
- Funds reported $70B of Applovin stock for Q2 2025, up 28% quarter-over-quarter.
- 288 funds opened new Applovin positions in Q2 2025 and 93 closed out, a net change of +195 holders.
- The largest Applovin buyer in Q2 2025 was Millennium Management, an estimated $751M added.
- The largest Applovin seller in Q2 2025 was JP Morgan Chase, an estimated $1.12B sold.
Based on aggregated 13F filings for Q2 2025.