L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 29 Oct 2025
Managers listing it
36
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 31 listed it in both
Shares listed
52,705,271
combined, among listed positions
Reported value
$37.9bn
combined, at the quarter end

Among the 95 comparable managers: 17 buyers (opened or added shares) and 20 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing APP in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

36 of 36 holders

ActionFiling
Fidelity (FMR LLC)13,706,444$9.8bn0.51%Trimmed-681,57513 Nov 2025 (the filing on sec.gov)
Baillie Gifford & Co6,245,960$4.5bn3.32%Trimmed-154,26931 Oct 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc5,877,386$4.2bn0.45%Added+204,86414 Nov 2025 (the filing on sec.gov)
Invesco Ltd4,292,752$3.1bn0.49%Added+367,08313 Nov 2025 (the filing on sec.gov)
Janus Henderson Group Ltd3,546,576$2.5bn1.16%Added+812,73914 Nov 2025 (the filing on sec.gov)
Capital World Investors2,635,188$1.9bn0.26%Added+8,86413 Nov 2025 (the filing on sec.gov)
Coatue Management LLC2,267,855$1.6bn4.00%Added+452,04014 Nov 2025 (the filing on sec.gov)
AllianceBernstein LP2,034,725$1.5bn0.46%Added+309,79114 Nov 2025 (the filing on sec.gov)
Tiger Global Management LLC2,002,989$1.4bn4.45%Held014 Nov 2025 (the filing on sec.gov)
Lone Pine Capital LLC1,109,138$797m5.80%Trimmed-152,19614 Nov 2025 (the filing on sec.gov)
MFS Investment Management1,077,106$774m0.24%Added+304,36929 Oct 2025 (the filing on sec.gov)
Capital Research Global Investors1,035,293$744m0.14%Newnew13 Nov 2025 (the filing on sec.gov)
Renaissance Technologies LLC1,001,432$720m0.95%Trimmed-379,40013 Nov 2025 (the filing on sec.gov)
Whale Rock Capital Management LLC971,404$698m8.22%Trimmed-253,12014 Nov 2025 (the filing on sec.gov)
Arrowstreet Capital LP942,326$677m0.43%Trimmed-966,54413 Nov 2025 (the filing on sec.gov)
D1 Capital Partners LP836,782$601m6.90%Added+46,80014 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP693,874$499m0.09%Added+268,48014 Nov 2025 (the filing on sec.gov)
Susquehanna International Group LLP563,344$405munder 0.1%Trimmed-55,83914 Nov 2025 (the filing on sec.gov)
D. E. Shaw & Co.491,222$353m0.20%Trimmed-1,374,53014 Nov 2025 (the filing on sec.gov)
Neuberger Berman Group LLC306,646$220m0.16%Added+4,49727 Oct 2026 (the filing on sec.gov)
Durable Capital Partners LP187,836$135m1.00%Held014 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC182,491$129m0.08%Trimmed-36,56114 Nov 2025 (the filing on sec.gov)
Viking Global Investors LP162,525$117m0.30%Trimmed-210,44814 Nov 2025 (the filing on sec.gov)
Holocene Advisors LP115,882$83m0.19%Added+59,60814 Nov 2025 (the filing on sec.gov)
Steadfast Capital Management LP110,287$79m1.38%Trimmed-145,62414 Nov 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q2 2025 to Q3 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 →