Digital Turbine
APPS
150 hedge funds and large institutions have $203M invested in Digital Turbine in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 60 increasing their positions, 43 reducing their positions, and 27 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 43
11% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 27
5.04% more ownership
Funds ownership: 49.08% → 54.12% (+5%)
1% more funds holding
Funds holding: 149 → 150 (+1)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6% less call options, than puts
Call options by funds: $753K | Put options by funds: $801K
33% less capital invested
Capital invested by funds: $300M → $203M (-$97.6M)
Top Buyers
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$9.38M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$7.56M |
| 3 |
MCO
MAK Capital One
New York
|
+$6.93M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.37M |
| 5 |
Two Sigma Advisers
New York
|
+$4.21M |
Top Sellers
| 1 |
Invesco
Atlanta,
Georgia
|
-$16.6M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.18M |
| 3 |
FA
Friess Associates
Greenville,
Delaware
|
-$4.97M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$4.07M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$3.12M |
APPS Hedge Fund Activity: Q1 2020 in Review
150 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q1 2020, worth a combined $203M — down 33% from $300M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new APPS positions and 27 closed out — a net gain of 3 holders — while 60 added to existing stakes and 43 trimmed.
The largest buyer was Granahan Investment Management, adding an estimated $9.38M. The largest seller was Invesco, cutting an estimated $16.6M.
- 150 institutional investors held Digital Turbine (APPS) as of Q1 2020, up from 149 in Q4 2019.
- Funds reported $203M of Digital Turbine stock for Q1 2020, down 33% quarter-over-quarter.
- 30 funds opened new Digital Turbine positions in Q1 2020 and 27 closed out, a net change of +3 holders.
- The largest Digital Turbine buyer in Q1 2020 was Granahan Investment Management, an estimated $9.38M added.
- The largest Digital Turbine seller in Q1 2020 was Invesco, an estimated $16.6M sold.
Based on aggregated 13F filings for Q1 2020.