Digital Turbine
APPS
50 hedge funds and large institutions have $30.9M invested in Digital Turbine in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 26 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5.12% less ownership
Funds ownership: 32.02% → 26.9% (-5.1%)
24% less funds holding
Funds holding: 66 → 50 (-16)
38% less capital invested
Capital invested by funds: $50M → $30.9M (-$19.1M)
62% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$1.42M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$1.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$959K |
| 4 |
PAWC
P.A.W. Capital
Greenwich,
Connecticut
|
+$857K |
| 5 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.14M |
| 2 |
TP
Truvvo Partners
New York
|
-$1.96M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.67M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$1.67M |
| 5 |
RA
Royce & Associates
New York
|
-$1.41M |
APPS Hedge Fund Activity: Q2 2018 in Review
50 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q2 2018, worth a combined $30.9M — down 38% from $50M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of APPS and 10 opened new positions — a net loss of 16 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Granahan Investment Management, adding an estimated $1.42M. The largest seller was Renaissance Technologies, cutting an estimated $2.14M.
- 50 institutional investors held Digital Turbine (APPS) as of Q2 2018, down from 66 in Q1 2018.
- Funds reported $30.9M of Digital Turbine stock for Q2 2018, down 38% quarter-over-quarter.
- 10 funds opened new Digital Turbine positions in Q2 2018 and 26 closed out, a net change of -16 holders.
- The largest Digital Turbine buyer in Q2 2018 was Granahan Investment Management, an estimated $1.42M added.
- The largest Digital Turbine seller in Q2 2018 was Renaissance Technologies, an estimated $2.14M sold.
Based on aggregated 13F filings for Q2 2018.