Digital Turbine
APPS
251 hedge funds and large institutions have $859M invested in Digital Turbine in 2023 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 77 increasing their positions, 89 reducing their positions, and 48 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
4.41% more ownership
Funds ownership: 65.71% → 70.12% (+4.4%)
7% more call options, than puts
Call options by funds: $34.1M | Put options by funds: $32M
6% less funds holding
Funds holding: 266 → 251 (-15)
12% less capital invested
Capital invested by funds: $982M → $859M (-$123M)
13% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 89
25% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$13.6M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$13M |
| 3 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$10.8M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$9.5M |
| 5 |
ACM
AIGH Capital Management
Baltimore,
Maryland
|
+$9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$11M |
| 2 |
D.E. Shaw & Co
New York
|
-$9.01M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$5.38M |
| 4 |
Renaissance Technologies
New York
|
-$4.95M |
| 5 |
Goldman Sachs
New York
|
-$4.28M |
APPS Hedge Fund Activity: Q1 2023 in Review
251 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q1 2023, worth a combined $859M — down 12% from $982M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of APPS and 36 opened new positions — a net loss of 12 holders — while 89 trimmed existing stakes and 77 added.
The largest buyer was Pacer Advisors, opening a new position worth an estimated $13.6M. The largest seller was BlackRock, cutting an estimated $11M.
- 251 institutional investors held Digital Turbine (APPS) as of Q1 2023, down from 266 in Q4 2022.
- Funds reported $859M of Digital Turbine stock for Q1 2023, down 12% quarter-over-quarter.
- 36 funds opened new Digital Turbine positions in Q1 2023 and 48 closed out, a net change of -12 holders.
- The largest Digital Turbine buyer in Q1 2023 was Pacer Advisors, an estimated $13.6M added.
- The largest Digital Turbine seller in Q1 2023 was BlackRock, an estimated $11M sold.
Based on aggregated 13F filings for Q1 2023.