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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
DT
151
Diversified Trust
Tennessee
$313K +$206K +9,550 New
Zurich Cantonal Bank
152
Zurich Cantonal Bank
Switzerland
$309K – – –
Axa
153
Axa
France
$304K -$1.45M -67,100 -88%
AA
154
ALPS Advisors
Colorado
$303K +$199K +9,258 New
HF
155
HRT Financial
New York
$297K +$195K +9,075 New
AG
156
Aperio Group
California
$292K +$192K +8,927 New
HH
157
Hilltop Holdings
Texas
$288K +$190K +8,800 New
NA
158
NewEdge Advisors
Louisiana
$287K +$189K +8,762 New
FAIM
159
Financial Advocates Investment Management
Washington
$285K +$188K +8,713 New
MSL
160
Mackay Shields LLC
New York
$284K -$1.42M -66,000 -88%
RJA
161
Raymond James & Associates
Florida
$279K +$184K +8,531 New
CWM
162
Connecticut Wealth Management
Connecticut
$278K +$183K +8,482 New
AWM
163
AE Wealth Management
Kansas
$275K +$181K +8,413 New
KA
164
Kovack Advisors
Florida
$246K +$162K +7,500 New
AIP
165
Ameritas Investment Partners
Nebraska
$235K +$7.43K +345 +5%
New York State Teachers Retirement System (NYSTRS)
166
New York State Teachers Retirement System (NYSTRS)
New York
$232K +$4.31K +200 +3%
CCA
167
Catalyst Capital Advisors
New York
$232K +$153K +7,100 New
Assenagon Asset Management
168
Assenagon Asset Management
Luxembourg
$231K -$1.97M -91,448 -93%
UFF
169
USA Financial Formulas
Michigan
$228K +$150K +6,952 New
CAN
170
Claraphi Advisory Network
United States
$228K +$150K +6,957 New
AC
171
Athanor Capital
New York
$223K -$445K -20,661 -75%
AAS
172
Avantax Advisory Services
Texas
$217K +$143K +6,618 New
US Bancorp
173
US Bancorp
Minnesota
$205K +$135K +6,258 New
MC
174
Maverick Capital
Texas
$200K +$132K +6,117 New
Canada Life
175
Canada Life
Manitoba, Canada
$165K – – –
5 6
7
8 9

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.