Applovin
APP
1,451 hedge funds and large institutions have $173B invested in Applovin in 2025 Q3 according to their latest regulatory filings, with 397 funds opening new positions, 528 increasing their positions, 432 reducing their positions, and 125 closing their positions.
218% more first-time investments, than exits
New positions opened: 397 | Existing positions closed: 125
147% more capital invested
Capital invested by funds: $70B → $173B (+$103B)
107% more funds holding in top 10
Funds holding in top 10: 46 → 95 (+49)
44% more call options, than puts
Call options by funds: $16.7B | Put options by funds: $11.6B
22% more repeat investments, than reductions
Existing positions increased: 528 | Existing positions reduced: 432
21% more funds holding
Funds holding: 1,199 → 1,451 (+252)
13.48% more ownership
Funds ownership: 65.16% → 78.64% (+13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
IEQ Capital
Foster City,
California
|
+$7.25B |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.25B |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.88B |
| 4 |
BlackRock
New York
|
+$2.76B |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.56B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.19B |
| 2 |
HF
HRT Financial
New York
|
-$727M |
| 3 |
D.E. Shaw & Co
New York
|
-$634M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$446M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$423M |
APP Hedge Fund Activity: Q3 2025 in Review
1,451 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Applovin (APP) for Q3 2025, worth a combined $173B — up 147% from $70B a quarter earlier.
Buyers outnumbered sellers: 397 funds opened new APP positions and 125 closed out — a net gain of 272 holders — while 528 added to existing stakes and 432 trimmed.
The largest buyer was IEQ Capital, adding an estimated $7.25B. The largest seller was Millennium Management, cutting an estimated $1.19B.
- 1,451 institutional investors held Applovin (APP) as of Q3 2025, up from 1,199 in Q2 2025.
- Funds reported $173B of Applovin stock for Q3 2025, up 147% quarter-over-quarter.
- 397 funds opened new Applovin positions in Q3 2025 and 125 closed out, a net change of +272 holders.
- The largest Applovin buyer in Q3 2025 was IEQ Capital, an estimated $7.25B added.
- The largest Applovin seller in Q3 2025 was Millennium Management, an estimated $1.19B sold.
Based on aggregated 13F filings for Q3 2025.