Digital Turbine
APPS
47 hedge funds and large institutions have $19M invested in Digital Turbine in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 12 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
13% less funds holding
Funds holding: 54 → 47 (-7)
27% less capital invested
Capital invested by funds: $25.8M → $19M (-$6.87M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$135K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$107K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$89.2K |
| 4 |
WPC
White Pine Capital
Bloomington,
Minnesota
|
+$77.4K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$41.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Nokomis Capital
Dallas,
Texas
|
-$2.39M |
| 2 |
OCMI
Oaktop Capital Management II
Chatham,
New Jersey
|
-$1.04M |
| 3 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
-$735K |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$535K |
| 5 |
TC
Talkot Capital
Sausalito,
California
|
-$118K |
APPS Hedge Fund Activity: Q1 2016 in Review
47 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q1 2016, worth a combined $19M — down 27% from $25.8M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of APPS and 6 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was State Street, adding an estimated $135K. The largest seller was Nokomis Capital, exiting entirely with an estimated $2.39M sold.
- 47 institutional investors held Digital Turbine (APPS) as of Q1 2016, down from 54 in Q4 2015.
- Funds reported $19M of Digital Turbine stock for Q1 2016, down 27% quarter-over-quarter.
- 6 funds opened new Digital Turbine positions in Q1 2016 and 12 closed out, a net change of -6 holders.
- The largest Digital Turbine buyer in Q1 2016 was State Street, an estimated $135K added.
- The largest Digital Turbine seller in Q1 2016 was Nokomis Capital, an estimated $2.39M sold.
Based on aggregated 13F filings for Q1 2016.