L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
45
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 32 listed it in both
Shares listed
56,582,529
combined, among listed positions
Reported value
$38.1bn
combined, at the quarter end

Among the 92 comparable managers: 20 buyers (opened or added shares) and 29 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,585,302.

Managers listing APP in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

45 of 45 holders

ActionFiling
Fidelity (FMR LLC)13,091,028$8.8bn0.45%Trimmed-615,41617 Feb 2026 (the filing on sec.gov)
Invesco Ltd11,731,658$7.9bn0.75%Added+7,438,90619 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co6,166,349$4.2bn3.45%Trimmed-79,61123 Jan 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc6,089,735$4.1bn0.44%Added+212,34917 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd3,242,235$2.2bn0.98%Trimmed-304,34117 Feb 2026 (the filing on sec.gov)
Capital World Investors2,778,549$1.9bn0.25%Added+143,36111 Feb 2026 (the filing on sec.gov)
Coatue Management LLC2,185,747$1.5bn3.69%Trimmed-82,10815 May 2026 (the filing on sec.gov)
AllianceBernstein LP1,701,969$1.1bn0.36%Trimmed-332,75617 Feb 2026 (the filing on sec.gov)
Tiger Global Management LLC1,292,984$871m2.93%Trimmed-710,00517 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,209,631$815m0.15%Added+174,33811 Feb 2026 (the filing on sec.gov)
MFS Investment Management1,010,989$681m0.22%Trimmed-66,11722 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP882,213$594m0.10%Added+188,33917 Feb 2026 (the filing on sec.gov)
Whale Rock Capital Management LLC808,356$545m6.97%Trimmed-163,04817 Feb 2026 (the filing on sec.gov)
Lone Pine Capital LLC780,530$526m3.86%Trimmed-328,60817 Feb 2026 (the filing on sec.gov)
D1 Capital Partners LP669,282$451m4.21%Trimmed-167,50017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.463,237$312m0.17%Trimmed-27,98517 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP384,041$259munder 0.1%Trimmed-179,30317 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP347,466$234m0.14%Trimmed-594,86013 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC318,821$215m0.33%Trimmed-682,61112 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC248,056$167m0.12%Trimmed-58,59027 Oct 2026 (the filing on sec.gov)
Steadfast Capital Management LP243,228$164m2.81%Added+132,94117 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC179,083$121m0.42%Newnew17 Feb 2026 (the filing on sec.gov)
Durable Capital Partners LP163,405$110m1.04%Trimmed-24,43117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC143,354$97m0.05%Trimmed-39,13717 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC82,845$56munder 0.1%Trimmed-115,51817 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
23 in Q3 2024 to 22 in Q2 2026

Tracked managers listing it, at least.

020406020222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
APP by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20214$153mn.a.n.a.
Q3 20214$124mn.a.n.a.
Q4 20216$223mn.a.n.a.
Q1 20225$123mn.a.n.a.
Q2 20223$61mn.a.n.a.
Q3 20222$115mn.a.n.a.
Q4 20225$101mn.a.n.a.
Q1 20236$92mn.a.n.a.
Q2 20239$128mn.a.n.a.
Q3 202311$310mn.a.n.a.
Q4 202310$330m55
Q1 202415$1.4bn113
Q2 202417$1.8bn152
Q3 202423$3.9bn149
Q4 202436$16.5bn2612
Q1 202534$13.9bn2114
Q2 202544$20.5bn2719
Q3 202536$37.9bn1720
Q4 202534$38.0bn2029
Q1 202627$23.3bn1928
Q2 202622$29.1bn1924

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

APP and GOOGL →APP and AMZN →APP and GOOG →Choose a stock to compare with APP →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own APP, latest filings →Back to the 13F Explorer →