Digital Turbine
APPS
45 hedge funds and large institutions have $21M invested in Digital Turbine in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 12 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.81% less ownership
Funds ownership: 26.9% → 22.09% (-4.8%)
10% less funds holding
Funds holding: 50 → 45 (-5)
32% less capital invested
Capital invested by funds: $30.9M → $21M (-$9.89M)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$1.23M |
| 2 |
SST
S Squared Technology
New York
|
+$329K |
| 3 |
JP Morgan Chase
New York
|
+$243K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$199K |
| 5 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PM
Precept Management
Dallas,
Texas
|
-$2.24M |
| 2 |
Millennium Management
New York
|
-$1.84M |
| 3 |
LSC
Lyon Street Capital
Sausalito,
California
|
-$1.49M |
| 4 |
WPC
White Pine Capital
Bloomington,
Minnesota
|
-$1.39M |
| 5 |
UC
Unterberg Capital
New York
|
-$347K |
APPS Hedge Fund Activity: Q3 2018 in Review
45 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q3 2018, worth a combined $21M — down 32% from $30.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of APPS and 7 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 16 added.
The largest buyer was Cat Rock Capital Management, opening a new position worth an estimated $1.23M. The largest seller was Precept Management, exiting entirely with an estimated $2.24M sold.
- 45 institutional investors held Digital Turbine (APPS) as of Q3 2018, down from 50 in Q2 2018.
- Funds reported $21M of Digital Turbine stock for Q3 2018, down 32% quarter-over-quarter.
- 7 funds opened new Digital Turbine positions in Q3 2018 and 12 closed out, a net change of -5 holders.
- The largest Digital Turbine buyer in Q3 2018 was Cat Rock Capital Management, an estimated $1.23M added.
- The largest Digital Turbine seller in Q3 2018 was Precept Management, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2018.