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Digital Turbine
APPS

199 hedge funds and large institutions have $1.75B invested in Digital Turbine in 2020 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 37 increasing their positions, 82 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more capital invested

Capital invested by funds: $668M → $1.75B (+$1.09B)

116% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 31

63% more call options, than puts

Call options by funds: $42.7M | Put options by funds: $26.2M

21% more funds holding

Funds holding: 164 → 199 (+35)

0.28% more ownership

Funds ownership: 60.87% → 61.15% (+0.28%)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

55% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 82

Holders
199
Holders Change
+35
Holders Change %
+21.34%
% of All Funds
4.02%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.14%
New
67
Increased
37
Reduced
82
Closed
31
Calls
$42.7M
Puts
$26.2M
Net Calls
+$16.5M
Net Calls Change
+$11.8M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$118M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$38.1M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$34.6M
4
Renaissance Technologies
Renaissance Technologies
New York
+$24.1M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$15.7M

Top Sellers

1
VMV
Venrock Management VI
California
-$29M
2
Two Sigma Advisers
Two Sigma Advisers
New York
-$19.4M
3
GRIM
Greenhaven Road Investment Management
Connecticut
-$19.4M
4
GIM
Granahan Investment Management
Massachusetts
-$18.5M
5
MWNA
Marshall Wace North America
New York
-$14.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
FMP
226
Financial Management Professionals
Texas
– -$48K -3,837 Closed
PAG
227
Private Advisor Group
New Jersey
– -$13K -1,000 Closed
QCG
228
Quadrant Capital Group
Ohio
– -$7K -548 Closed
EWM
229
Edge Wealth Management
New York
– -$6K -500 Closed
RWB
230
RMR Wealth Builders
New Jersey
– -$6K -500 Closed
6 7 8 9
10

APPS Hedge Fund Activity: Q3 2020 in Review

199 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q3 2020, worth a combined $1.75B — up 163% from $668M a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new APPS positions and 31 closed out — a net gain of 36 holders — while 37 added to existing stakes and 82 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $118M. The largest seller was Venrock Management VI, exiting entirely with an estimated $29M sold.

  • 199 institutional investors held Digital Turbine (APPS) as of Q3 2020, up from 164 in Q2 2020.
  • Funds reported $1.75B of Digital Turbine stock for Q3 2020, up 163% quarter-over-quarter.
  • 67 funds opened new Digital Turbine positions in Q3 2020 and 31 closed out, a net change of +36 holders.
  • The largest Digital Turbine buyer in Q3 2020 was Fidelity Investments, an estimated $118M added.
  • The largest Digital Turbine seller in Q3 2020 was Venrock Management VI, an estimated $29M sold.

Based on aggregated 13F filings for Q3 2020.