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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
IA
176
IFP Advisors
Florida
$164K -$108K -5,000 -50%
OSAM
177
O'Shaughnessy Asset Management
Connecticut
$163K +$107K +4,967 New
HFM
178
Harvest Fund Management
China
$135K +$82.1K +3,811 New
FWM
179
Focused Wealth Management
New York
$121K +$79.4K +3,685 New
FMT
180
First Mercantile Trust
Tennessee
$112K +$65.9K +3,062 New
Lazard Asset Management
181
Lazard Asset Management
New York
$107K +$71K +3,298 New
Macquarie Group
182
Macquarie Group
Australia
$103K +$67.5K +3,133 New
Nisa Investment Advisors
183
Nisa Investment Advisors
Missouri
$77K +$50.6K +2,350 New
NFG
184
Next Financial Group
Texas
$56K +$36.6K +1,700 New
SFS
185
Sowell Financial Services
Arkansas
$52K -$56.3K -2,616 -62%
DWA
186
Dorsey Wright & Associates
California
$42K -$9.2K -427 -25%
S
187
SignatureFD
Georgia
$37K +$1.77K +82 +8%
JCM
188
Jacobi Capital Management
Pennsylvania
$34K +$22.1K +1,025 New
Carson Wealth (CWM LLC)
189
Carson Wealth (CWM LLC)
Nebraska
$33K – – –
RE
190
RBC Europe
United Kingdom
$21.3K +$14K +650 New
CFGS
191
Concourse Financial Group Securities
Alabama
$13K +$8.62K +400 New
Northwestern Mutual Wealth Management
192
Northwestern Mutual Wealth Management
Wisconsin
$10K +$6.38K +296 New
BWM
193
BNC Wealth Management
Oregon
$8K +$5.49K +255 New
PCM
194
Prelude Capital Management
New York
$7K +$4.31K +200 New
GRP
195
Global Retirement Partners
California
$5K +$3.29K +153 New
PNC Financial Services Group
196
PNC Financial Services Group
Pennsylvania
$3K +$2.15K +100 New
VCM
197
Versant Capital Management
Arizona
$1K – – –
Millennium Management
198
Millennium Management
New York
$602 +$396K +18,388 New
FCA
199
FinTrust Capital Advisors
South Carolina
$3 +$1.94K +90 New
VMV
200
Venrock Management VI
California
– -$29M -2,308,545 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.