Applovin
1,202 hedge funds and large institutions have $70B invested in Applovin in 2025 Q2 according to their latest regulatory filings, with 287 funds opening new positions, 443 increasing their positions, 415 reducing their positions, and 93 closing their positions.
209% more first-time investments, than exits
New positions opened: 287 | Existing positions closed: 93
42% more call options, than puts
Call options by funds: $6.11B | Put options by funds: $4.3B
18% more funds holding
Funds holding: 1,018 → 1,202 (+184)
2% more funds holding in top 10
Funds holding in top 10: 45 → 46 (+1)
7% more repeat investments, than reductions
Existing positions increased: 443 | Existing positions reduced: 415
2.4% less ownership
Funds ownership: 67.56% → 65.16% (-2.4%)
25% less capital inflows, than outflows
Capital inflows: $7.2B | Capital outflows: $9.6B
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 |
SVB Wealth
Boston,
Massachusetts
|
-$928M |
| 3 |
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
1,202 of the 7,621 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: 287 funds opened new APP positions and 93 closed out — a net gain of 194 holders — while 443 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.
- 1,202 institutional investors held Applovin (APP) as of Q2 2025, up from 1,018 in Q1 2025.
- Funds reported $70B of Applovin stock for Q2 2025, up 28% quarter-over-quarter.
- 287 funds opened new Applovin positions in Q2 2025 and 93 closed out, a net change of +194 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.