APPLOVIN CORP APP
COM CL A · Common Stock · CUSIP 03831W108 · ISIN US03831W1080
- SectorTechnology
- IndustryServices-Computer Programming, Data Processing, Etc.
- HeadquartersPalo Alto, CA
- Founded2012
- Websiteapplovin.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($213.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $349.00. Options: 61 managers hold calls ($6.2bn notional), 45 hold puts ($4.4bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 227 |
| Q4 2022 | 231 |
| Q1 2023 | 221 |
| Q2 2023 | 246 |
| Q3 2023 | 321 |
| Q4 2023 | 369 |
| Q1 2024 | 513 |
| Q2 2024 | 608 |
| Q3 2024 | 705 |
| Q4 2024 | 993 |
| Q1 2025 | 1,021 |
| Q2 2025 | 1,202 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 188 | 128 |
| Q4 2023 | 209 | 134 |
| Q1 2024 | 355 | 168 |
| Q2 2024 | 400 | 207 |
| Q3 2024 | 450 | 271 |
| Q4 2024 | 538 | 410 |
| Q1 2025 | 589 | 512 |
| Q2 2025 | 707 | 507 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.5bn | $674.5m | 0.45 |
| Q4 2024 | $6.1bn | $3.4bn | 0.56 |
| Q1 2025 | $5.0bn | $3.4bn | 0.68 |
| Q2 2025 | $6.2bn | $4.4bn | 0.71 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
| D. E. Shaw & Co., Inc. | Added | +1.6m |
| Capital World Investors | Added | +1.2m |
| BAILLIE GIFFORD & CO | Added | +1.1m |
| ROYAL BANK OF CANADA | Added | +1.0m |
| Qube Research & Technologies Ltd | New | +845.1k |
| HRT FINANCIAL LP | Added | +748.8k |
| CITADEL ADVISORS LLC | Added | +723.4k |
| NORGES BANK | Added | +547.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +501.6k |
Biggest sellers
| SVB WEALTH LLC | Sold out | -3.5m |
| JPMORGAN CHASE & CO | Reduced | -3.4m |
| BlackRock, Inc. | Reduced | -2.2m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -1.2m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -916.0k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -727.2k |
| Jericho Capital Asset Management L.P. | Reduced | -698.4k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -689.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7bn4.9m shares |
| CITADEL ADVISORS LLC | Added | $897.9m2.6m shares |
| JANE STREET GROUP, LLC | Added | $670.4m1.9m shares |
| IMC-Chicago, LLC | Reduced | $369.5m1.1m shares |
| WOLVERINE TRADING, LLC | Reduced | $265.9m796.5k shares |
| HAP Trading, LLC | Reduced | $192.2m638.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $171.8m490.8k shares |
| GROUP ONE TRADING LLC | Reduced | $149.8m427.9k shares |
| Squarepoint Ops LLC | Added | $149.0m425.6k shares |
| D. E. Shaw & Co., Inc. | Added | $142.8m407.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $962.2m2.7m shares |
| CITADEL ADVISORS LLC | Added | $671.4m1.9m shares |
| JANE STREET GROUP, LLC | Added | $600.3m1.7m shares |
| IMC-Chicago, LLC | Added | $287.6m821.4k shares |
| D. E. Shaw & Co., Inc. | Added | $207.9m593.8k shares |
| Squarepoint Ops LLC | Added | $195.9m559.7k shares |
| GOLDMAN SACHS GROUP INC | Added | $183.8m524.9k shares |
| WOLVERINE TRADING, LLC | Added | $177.8m532.7k shares |
| PEAK6 LLC | Added | $123.2m351.8k shares |
| Qube Research & Technologies Ltd | Added | $118.1m337.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Foroughi Arash Adam 13G · exempt (held before listing) filed 2025-02-07 | 10.6% |
| BlackRock, Inc. 13G · institution +2.2 pts · filed 2025-10-17 | 7.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.3% |
| Angel Pride Holdings Ltd 13G · passive investor filed 2025-01-30 | 5.8% |
| FMR LLC 13G · institution new · filed 2026-05-06 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 6 | $40.6m | $36.6m |
| Q4 2023 | 0 | — | 7 | $67.8m | $12.9m |
| Q1 2024 | 0 | — | 7 | $13.7m | $13.2m |
| Q2 2024 | 0 | — | 7 | $80.1m | $78.8m |
| Q3 2024 | 0 | — | 8 | $128.2m | $30.3m |
| Q4 2024 | 0 | — | 10 | $644.5m | $74.7m |
| Q1 2025 | 0 | — | 3 | $117.5m | $2.2m |
| Q2 2025 | 0 | — | 8 | $444.0m | $22.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-11 | Messing Barbara Director | Sold | $573.7k1.5k shares |
| 2025-06-06 | Chen Herald Y Director | Sold | $42.0m100.0k shares |
| 2025-06-06 | Stumpf Matthew Chief Financial Officer (CFO) | Sold plan | $4.1m9.7k shares |
| 2025-06-06 | Harvey Dawson Alyssa Director | Sold | $215.6k513 shares |
| 2025-06-05 | Harvey Dawson Alyssa Director | Sold | $1.2m3.0k shares |
| 2025-05-23 | Shikin Vasily Chief Technology Officer · See footnote | Sold plan | $12.3m34.8k shares |
| 2025-05-23 | Shikin Vasily Chief Technology Officer | Sold plan | $10.6m30.0k shares |
| 2025-05-23 | Shikin Vasily Chief Technology Officer | Sold plan | $6.2m17.5k shares |
| 2025-05-23 | Shikin Vasily Chief Technology Officer · See footnote | Sold plan | $79.6k233 shares |
| 2025-05-21 | Foroughi Arash Adam CEO & Chairperson, director | Sold | $36.8m100.0k shares |
| 2025-05-21 | Valenzuela Victoria CLO & Corp. Secretary | Sold | $2.4m6.6k shares |
| 2025-05-20 | Foroughi Arash Adam CEO & Chairperson, director · See footnote | Sold | $20.1m55.3k shares |
| 2025-05-20 | Foroughi Arash Adam CEO & Chairperson, director · See footnote | Sold | $12.3m33.7k shares |
| 2025-05-20 | Foroughi Arash Adam CEO & Chairperson, director | Sold | $364.8k1.0k shares |
| 2025-05-19 | Valenzuela Victoria CLO & Corp. Secretary | Sold | $2.4m6.6k shares |
| 2025-05-14 | Chen Herald Y Director | Sold | $149.8m400.0k shares |
| 2025-05-13 | Chen Herald Y Director | Sold | $68.7m183.9k shares |
| 2025-05-13 | Chen Herald Y Director · See footnote | Sold | $64.1m171.4k shares |
| 2025-05-13 | Chen Herald Y Director | Sold | $10.5m28.6k shares |
| 2025-05-13 | Chen Herald Y Director | Sold | $5.9m16.1k shares |
| 2025-05-13 | Harvey Dawson Alyssa Director | Sold | $211.5k570 shares |
| 2025-05-12 | Billings Craig Scott Director | Sold | $4.2m12.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.13% of their portfolio | 18.9m $6.6bn | Reduced -2.2m |
| VANGUARD GROUP INC 0.10% of their portfolio | 17.9m $6.3bn | Added +72.1k |
| FMR LLC 0.28% of their portfolio | 14.4m $5.0bn | Reduced -497.3k |
| BAILLIE GIFFORD & CO 1.67% of their portfolio | 6.4m $2.2bn | Added +1.1m |
| WCM INVESTMENT MANAGEMENT, LLC 4.46% of their portfolio | 5.9m $2.0bn | Reduced -566.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.22% of their portfolio | 5.7m $2.0bn | Reduced -916.0k |
| STATE STREET CORP 0.07% of their portfolio | 5.6m $2.0bn | Added +133.4k |
| MORGAN STANLEY 0.12% of their portfolio | 5.2m $1.8bn | Reduced -403.2k |
| JPMORGAN CHASE & CO 0.11% of their portfolio | 4.7m $1.7bn | Reduced -3.4m |
| Invesco Ltd. 0.23% of their portfolio | 3.9m $1.4bn | Reduced -85.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 3.3m $1.2bn | Reduced -1.1m |
| BANK OF AMERICA CORP /DE/ 0.09% of their portfolio | 3.2m $1.1bn | Added +237.2k |
| KENSICO CAPITAL MANAGEMENT CORP 20.35% of their portfolio | 3.0m $1.1bn | Added +144.5k |
| JANUS HENDERSON GROUP PLC 0.47% of their portfolio | 2.7m $957.1m | Added +458.4k |
| NORGES BANK 0.12% of their portfolio | 2.7m $951.5m | Added +547.9k |
| Capital World Investors 0.13% of their portfolio | 2.6m $919.4m | Added +1.2m |
| MILLENNIUM MANAGEMENT LLC 0.82% of their portfolio | 2.6m $909.5m | Added +2.3m |
| JENNISON ASSOCIATES LLC 0.52% of their portfolio | 2.5m $876.7m | Added +117.2k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 2.5m $865.7m | Added +1.0m |
| FRED ALGER MANAGEMENT, LLC 3.65% of their portfolio | 2.3m $814.9m | Reduced -506.1k |
| Jericho Capital Asset Management L.P. 9.77% of their portfolio | 2.1m $733.5m | Reduced -698.4k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 26.57% of their portfolio | 2.1m $720.1m | Unchanged |
| TIGER GLOBAL MANAGEMENT LLC 2.06% of their portfolio | 2.0m $701.2m | Added +334.7k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 2.0m $689.5m | Reduced -227.5k |
| FRANKLIN RESOURCES INC 0.18% of their portfolio | 2.0m $684.4m | Reduced -74.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.47% of their portfolio | 1.9m $668.3m | Reduced -475.2k |
| D. E. Shaw & Co., Inc. 0.65% of their portfolio | 1.9m $653.2m | Added +1.6m |
| COATUE MANAGEMENT LLC 1.77% of their portfolio | 1.8m $635.7m | Reduced -280.3k |
| DIMENSIONAL FUND ADVISORS LP 0.14% of their portfolio | 1.8m $613.5m | Added +14.1k |
| ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio | 1.7m $603.9m | Reduced -118.4k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 1.6m $566.4m | Reduced -24.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 1.6m $561.7m | Added +361.2k |
| HRT FINANCIAL LP 2.95% of their portfolio | 1.6m $552.1m | Added +748.8k |
| Legal & General Group Plc 0.12% of their portfolio | 1.4m $496.1m | Added +9.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.64% of their portfolio | 1.4m $483.4m | Added +501.6k |
| Amundi 0.15% of their portfolio | 1.3m $436.5m | Added +195.6k |
| SAPIENT CAPITAL LLC 8.03% of their portfolio | 1.3m $448.3m | Reduced -3.5k |
| LONE PINE CAPITAL LLC 3.20% of their portfolio | 1.3m $441.6m | Reduced -332.6k |
| Whale Rock Capital Management LLC 5.95% of their portfolio | 1.2m $428.7m | Reduced -614.6k |
| UBS Group AG 0.08% of their portfolio | 1.1m $371.4m | Reduced -533.1k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 989.2k $346.3m | Reduced -73.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 985.3k $344.9m | Reduced -30.2k |
| CITADEL ADVISORS LLC 0.30% of their portfolio | 978.6k $342.6m | Added +723.4k |
| Clearbridge Investments, LLC 0.27% of their portfolio | 932.6k $326.5m | Reduced -192.9k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 904.4k $316.6m | Added +301.6k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 892.1k $312.3m | Added +362.6k |
| AMERICAN CENTURY COMPANIES INC 0.16% of their portfolio | 855.1k $299.4m | Reduced -279.7k |
| Qube Research & Technologies Ltd 0.41% of their portfolio | 845.1k $295.8m | New |
| SANDS CAPITAL MANAGEMENT, LLC 0.82% of their portfolio | 817.3k $286.1m | Reduced -1.2m |
| Capital International Investors 0.05% of their portfolio | 811.9k $284.2m | Added +382.3k |
| National Pension Service 0.24% of their portfolio | 790.3k $276.7m | Added +356.4k |
| D1 Capital Partners L.P. 3.84% of their portfolio | 790.0k $276.6m | Reduced -18 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 772.7k $270.5m | Reduced -31.5k |
| FIRST TRUST ADVISORS LP 0.20% of their portfolio | 720.4k $252.2m | Reduced -178.8k |
| Swiss National Bank 0.15% of their portfolio | 702.2k $245.8m | Added +112.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.33% of their portfolio | 619.2k $216.8m | Added +344.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 608.3k $212.9m | Added +51.0k |
| BARCLAYS PLC 0.08% of their portfolio | 569.5k $199.4m | Added +136.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 507.4k $177.6m | Reduced -38.0k |
| Nuveen, LLC 0.05% of their portfolio | 503.3k $176.2m | Reduced -244.2k |
| FEDERATED HERMES, INC. 0.33% of their portfolio | 499.0k $174.7m | Added +89.0k |
| 1832 Asset Management L.P. 0.29% of their portfolio | 471.9k $165.2m | Reduced -203.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio | 425.6k $149.0m | Added +286.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 425.4k $148.9m | Reduced -689.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 420.4k $147.2m | Reduced -291 |
| ProShare Advisors LLC 0.29% of their portfolio | 419.1k $146.7m | Added +14.0k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 416.8k $145.9m | Reduced -94.9k |
| California Public Employees Retirement System 0.09% of their portfolio | 416.7k $145.9m | Reduced -9.4k |
| LORD, ABBETT & CO. LLC 0.46% of their portfolio | 410.3k $143.6m | Added +87.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.11% of their portfolio | 407.5k $142.7m | Added +12.4k |
| Ensign Peak Advisors, Inc 0.24% of their portfolio | 405.7k $142.0m | Added +162.3k |
| CITIGROUP INC 0.10% of their portfolio | 395.1k $138.3m | Added +27.2k |
| Robertson Stephens Wealth Management, LLC 4.75% of their portfolio | 391.6k $137.1m | Reduced -11.5k |
| VIKING GLOBAL INVESTORS LP 0.38% of their portfolio | 373.0k $130.6m | Added +235.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.11% of their portfolio | 371.5k $130.1m | Reduced -85.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.14% of their portfolio | 362.6k $126.9m | Added +33.8k |
| STRS OHIO 0.47% of their portfolio | 357.9k $125.3m | Added +32.7k |
| TD Asset Management Inc 0.11% of their portfolio | 355.7k $124.5m | Added +155.8k |
| JANE STREET GROUP, LLC 0.20% of their portfolio | 352.6k $123.5m | Added +106.6k |
| Greenstone Partners & Co., LLC 28.59% of their portfolio | 348.5k $122.0m | Reduced -55.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 346.4k $121.3m | Added +133.1k |
| No Street GP LP 8.90% of their portfolio | 340.0k $119.0m | Reduced -98.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 337.6k $118.2m | Added +147.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.27% of their portfolio | 331.4k $116.0m | Added +23.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.22% of their portfolio | 322.8k $112.9m | Reduced -5.0k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 305.6k $107.0m | Reduced -727.2k |
| MACQUARIE GROUP LTD 0.13% of their portfolio | 302.8k $106.0m | Reduced -280.7k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 302.1k $105.8m | Reduced -51.0k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 288.6k $101.1m | Reduced -167.1k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 284.2k $99.5m | Reduced -93.3k |
| AUGUSTINE ASSET MANAGEMENT INC 25.91% of their portfolio | 276.7k $96.9m | Reduced -4.3k |
| Andra AP-fonden 1.35% of their portfolio | 276.6k $96.8m | Added +114.0k |
| AustralianSuper Pty Ltd 0.48% of their portfolio | 272.6k $95.4m | Added +28.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.17% of their portfolio | 271.6k $95.1m | Added +40.2k |
| Keenan Capital, LLC 21.79% of their portfolio | 266.5k $93.3m | Added +1.0k |
| Brevan Howard Capital Management LP 1.02% of their portfolio | 263.8k $92.3m | New |
| TimesSquare Capital Management, LLC 1.31% of their portfolio | 259.7k $90.9m | Reduced -61.7k |
| FIL Ltd 0.08% of their portfolio | 257.3k $90.1m | Added +1.8k |
| STEADFAST CAPITAL MANAGEMENT LP 1.67% of their portfolio | 255.9k $89.6m | Reduced -213.3k |
| Trivest Advisors Ltd 3.48% of their portfolio | 255.7k $89.5m | New |