L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
8,741,026
combined, among listed positions
Reported value
$310m
combined, at the quarter end

Among the 92 comparable managers: 21 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +770,751.

Managers listing APPN 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.

30 of 30 holders

ActionFiling
Arrowstreet Capital LP1,304,470$46munder 0.1%Added+13,34613 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,112,374$39munder 0.1%Added+465,26817 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co941,106$33munder 0.1%Trimmed-52,86823 Jan 2026 (the filing on sec.gov)
Marshall Wace LLP673,252$24munder 0.1%Added+227,67613 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC671,786$24munder 0.1%Added+49,68217 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC613,248$22munder 0.1%Trimmed-58,85610 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC553,022$20munder 0.1%Trimmed-53,48817 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp372,810$13munder 0.1%Added+2,93917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)322,601$11munder 0.1%Added+60,70217 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP319,102$11munder 0.1%Added+287,93917 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC295,988$10munder 0.1%Trimmed-50,56213 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC251,672$8.9munder 0.1%Added+63,88512 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP230,324$8.2munder 0.1%Added+223,45117 Feb 2026 (the filing on sec.gov)
Millennium Management LLC225,508$8.0munder 0.1%Trimmed-177,45017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP120,852$4.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
PDT Partners LLC111,801$4.0m0.26%Trimmed-18,61917 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC82,700$2.9munder 0.1%Added+32,52113 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP75,934$2.7munder 0.1%Trimmed-112,62617 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP64,949$2.3munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC64,148$2.3munder 0.1%Added+14,49013 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC57,800$2.0munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Man Group PLC48,686$1.7munder 0.1%Added+17,61817 Feb 2026 (the filing on sec.gov)
Invesco Ltd47,737$1.7munder 0.1%Added+5,56019 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd44,180$1.6munder 0.1%Trimmed-78,25317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP42,570$1.5munder 0.1%Added+2,90717 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.
1 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

02468201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
APPN by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20171$4.4mn.a.n.a.
Q3 20171$7.0mn.a.n.a.
Q4 20171$7.7mn.a.n.a.
Q1 20181$351kn.a.n.a.
Q2 20181$2.0mn.a.n.a.
Q4 20182$9.8mn.a.n.a.
Q1 20194$42mn.a.n.a.
Q2 20192$35mn.a.n.a.
Q3 20193$211mn.a.n.a.
Q4 20195$195mn.a.n.a.
Q1 20202$180mn.a.n.a.
Q2 20202$192mn.a.n.a.
Q3 20201$382mn.a.n.a.
Q4 20205$1.1bnn.a.n.a.
Q1 20217$983mn.a.n.a.
Q2 20214$997mn.a.n.a.
Q3 20216$613mn.a.n.a.
Q4 20214$439mn.a.n.a.
Q1 20225$378mn.a.n.a.
Q2 20223$278mn.a.n.a.
Q3 20224$237mn.a.n.a.
Q4 20222$52mn.a.n.a.
Q1 20233$68mn.a.n.a.
Q2 20234$142mn.a.n.a.
Q3 20234$129mn.a.n.a.
Q4 20231$63m01
Q1 20241$70m10
Q2 20242$45m11
Q3 20241$47m01
Q4 20242$38m11
Q1 20252$33m11
Q2 20254$47m31
Q3 20253$55m11
Q4 20255$60m2111
Q1 20263$36m1021
Q2 20264$44m1710

Compare with…

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

APPN and GOOGL →APPN and AMZN →APPN and MSFT →Choose a stock to compare with APPN →

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 APPN, latest filings →Back to the 13F Explorer →