Digital Turbine
APPS
234 hedge funds and large institutions have $609M invested in Digital Turbine in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 68 increasing their positions, 89 reducing their positions, and 45 closing their positions.
51% more call options, than puts
Call options by funds: $33.5M | Put options by funds: $22.2M
4.57% less ownership
Funds ownership: 70.12% → 65.55% (-4.6%)
7% less funds holding
Funds holding: 251 → 234 (-17)
24% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 89
29% less capital invested
Capital invested by funds: $859M → $609M (-$250M)
33% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 45
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.6M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$11.2M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$5.68M |
| 4 |
Jane Street
New York
|
+$4.91M |
| 5 |
Millennium Management
New York
|
+$4.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$45.4M |
| 2 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$9.95M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.55M |
| 4 |
ACM
AIGH Capital Management
Baltimore,
Maryland
|
-$5.49M |
| 5 |
RA
Royce & Associates
New York
|
-$3.88M |
APPS Hedge Fund Activity: Q2 2023 in Review
234 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Digital Turbine (APPS) for Q2 2023, worth a combined $609M — down 29% from $859M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of APPS and 30 opened new positions — a net loss of 15 holders — while 89 trimmed existing stakes and 68 added.
The largest buyer was Vanguard Group, adding an estimated $11.6M. The largest seller was Granahan Investment Management, cutting an estimated $45.4M.
- 234 institutional investors held Digital Turbine (APPS) as of Q2 2023, down from 251 in Q1 2023.
- Funds reported $609M of Digital Turbine stock for Q2 2023, down 29% quarter-over-quarter.
- 30 funds opened new Digital Turbine positions in Q2 2023 and 45 closed out, a net change of -15 holders.
- The largest Digital Turbine buyer in Q2 2023 was Vanguard Group, an estimated $11.6M added.
- The largest Digital Turbine seller in Q2 2023 was Granahan Investment Management, an estimated $45.4M sold.
Based on aggregated 13F filings for Q2 2023.