Digital Turbine
APPS
125 hedge funds and large institutions have $219M invested in Digital Turbine in 2019 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 41 increasing their positions, 40 reducing their positions, and 15 closing their positions.
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
34% more capital invested
Capital invested by funds: $163M → $219M (+$56M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
14% more funds holding
Funds holding: 110 → 125 (+15)
1.06% more ownership
Funds ownership: 39.97% → 41.03% (+1.1%)
3% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 40
14% less call options, than puts
Call options by funds: $1.1M | Put options by funds: $1.28M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$5.6M |
| 2 |
Goldman Sachs
New York
|
+$5.57M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$4.45M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.22M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$5.15M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$3.57M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$3.23M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
-$2.78M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$2.67M |
APPS Hedge Fund Activity: Q3 2019 in Review
125 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q3 2019, worth a combined $219M — up 34% from $163M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new APPS positions and 15 closed out — a net gain of 15 holders — while 41 added to existing stakes and 40 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $5.6M. The largest seller was United Services Automobile Association, exiting entirely with an estimated $5.15M sold.
- 125 institutional investors held Digital Turbine (APPS) as of Q3 2019, up from 110 in Q2 2019.
- Funds reported $219M of Digital Turbine stock for Q3 2019, up 34% quarter-over-quarter.
- 30 funds opened new Digital Turbine positions in Q3 2019 and 15 closed out, a net change of +15 holders.
- The largest Digital Turbine buyer in Q3 2019 was Driehaus Capital Management, an estimated $5.6M added.
- The largest Digital Turbine seller in Q3 2019 was United Services Automobile Association, an estimated $5.15M sold.
Based on aggregated 13F filings for Q3 2019.