Applovin
1,455 hedge funds and large institutions have $173B invested in Applovin in 2025 Q3 according to their latest regulatory filings, with 399 funds opening new positions, 529 increasing their positions, 432 reducing their positions, and 125 closing their positions.
219% more first-time investments, than exits
New positions opened: 399 | Existing positions closed: 125
189% more capital inflows, than outflows
Capital inflows: $30.1B | Capital outflows: $10.4B
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: 529 | Existing positions reduced: 432
21% more funds holding
Funds holding: 1,202 → 1,455 (+253)
13.5% more ownership
Funds ownership: 65.16% → 78.66% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
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 |
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
1,455 of the 7,650 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: 399 funds opened new APP positions and 125 closed out — a net gain of 274 holders — while 529 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.
- 1,455 institutional investors held Applovin (APP) as of Q3 2025, up from 1,202 in Q2 2025.
- Funds reported $173B of Applovin stock for Q3 2025, up 147% quarter-over-quarter.
- 399 funds opened new Applovin positions in Q3 2025 and 125 closed out, a net change of +274 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.