Digital Turbine
APPS
177 hedge funds and large institutions have $384M invested in Digital Turbine in 2025 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 25 closing their positions.
147% more capital invested
Capital invested by funds: $155M → $384M (+$228M)
88% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $9.18M
60% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 25
9% more funds holding
Funds holding: 163 → 177 (+14)
6.22% more ownership
Funds ownership: 54.55% → 60.77% (+6.2%)
21% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$12.4M |
| 2 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
+$8.38M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.36M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$6.84M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
+$5.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$9.03M |
| 2 |
Two Sigma Advisers
New York
|
-$3.77M |
| 3 |
GRIM
Greenhaven Road Investment Management
Greenwich,
Connecticut
|
-$2.79M |
| 4 |
Two Sigma Investments
New York
|
-$1.8M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.65M |
APPS Hedge Fund Activity: Q2 2025 in Review
177 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q2 2025, worth a combined $384M — up 147% from $155M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new APPS positions and 25 closed out — a net gain of 15 holders — while 48 added to existing stakes and 61 trimmed.
The largest buyer was Granahan Investment Management, adding an estimated $12.4M. The largest seller was Marshall Wace, cutting an estimated $9.03M.
- 177 institutional investors held Digital Turbine (APPS) as of Q2 2025, up from 163 in Q1 2025.
- Funds reported $384M of Digital Turbine stock for Q2 2025, up 147% quarter-over-quarter.
- 40 funds opened new Digital Turbine positions in Q2 2025 and 25 closed out, a net change of +15 holders.
- The largest Digital Turbine buyer in Q2 2025 was Granahan Investment Management, an estimated $12.4M added.
- The largest Digital Turbine seller in Q2 2025 was Marshall Wace, an estimated $9.03M sold.
Based on aggregated 13F filings for Q2 2025.