Digital Turbine
APPS
181 hedge funds and large institutions have $419M invested in Digital Turbine in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 26 closing their positions.
135% more call options, than puts
Call options by funds: $16.9M | Put options by funds: $7.18M
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
9% more capital invested
Capital invested by funds: $384M → $419M (+$35.2M)
2% more funds holding
Funds holding: 177 → 181 (+4)
0.42% less ownership
Funds ownership: 60.77% → 60.35% (-0.42%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$12.4M |
| 2 |
ACM
AIGH Capital Management
Baltimore,
Maryland
|
+$7.56M |
| 3 |
BlackRock
New York
|
+$5.32M |
| 4 |
Squarepoint
New York
|
+$3.97M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$14.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$9.82M |
| 3 |
D.E. Shaw & Co
New York
|
-$6.84M |
| 4 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
-$6.11M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$4.5M |
APPS Hedge Fund Activity: Q3 2025 in Review
181 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q3 2025, worth a combined $419M — up 9.2% from $384M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new APPS positions and 26 closed out — a net gain of 5 holders — while 59 added to existing stakes and 48 trimmed.
The largest buyer was Granahan Investment Management, adding an estimated $12.4M. The largest seller was Marshall Wace, exiting entirely with an estimated $14.5M sold.
- 181 institutional investors held Digital Turbine (APPS) as of Q3 2025, up from 177 in Q2 2025.
- Funds reported $419M of Digital Turbine stock for Q3 2025, up 9.2% quarter-over-quarter.
- 31 funds opened new Digital Turbine positions in Q3 2025 and 26 closed out, a net change of +5 holders.
- The largest Digital Turbine buyer in Q3 2025 was Granahan Investment Management, an estimated $12.4M added.
- The largest Digital Turbine seller in Q3 2025 was Marshall Wace, an estimated $14.5M sold.
Based on aggregated 13F filings for Q3 2025.