Which funds own APP
Applovin Corp in the Q2 2026 filings. 18 of the 94 managers on file reported a position, worth $29.3bn between them. Few of the managers on file hold it, so a position here is closer to a view than to a default. The quarter went the other way: 14 managers trimmed or sold out against 7 buying.
- Managers holding
- 18
- of 94 on file
- Combined value
- $29.3bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 5
- already held
- Trimmed or sold out
- 14
- 4 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $8.9bn | 0.4% | 17,293,553 | +$2.7bn+1,602,139 | Added |
| Invesco Ltd Long-only · $1264bn book | $5.7bn | 0.4% | 10,975,993 | +$4.0bn+6,831,277 | Added |
| Capital World Investors Long-only · $846bn book | $4.2bn | 0.5% | 8,150,954 | +$2.9bn+4,971,394 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $3.3bn | 3.0% | 6,471,615 | +$668m-228,517 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $2.5bn | 0.2% | 4,773,100 | +$296m-661,626 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $982m | 0.1% | 1,905,302 | -$69m-733,567 | Trimmed |
| Janus Henderson Group Ltd Long-only · $209bn book · Q1 2026 filing | $718m | 0.3% | 1,815,061 | -$1.5bn-1,427,174 | Trimmed |
| AllianceBernstein LP Long-only · $302bn book | $638m | 0.2% | 1,603,673 | -$629m-277,043 | Trimmed |
| Coatue Management LLC Long/short equity · $48.6bn book | $603m | 1.2% | 1,171,189 | +$90m-118,819 | Trimmed |
| Lone Pine Capital LLC Long/short equity · $16.4bn book | $537m | 3.3% | 1,042,268 | -$46m-422,655 | Trimmed |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $345m | 1.0% | 669,282 | +$79m0 | Held |
| Whale Rock Capital Management LLC Long/short equity · $12.5bn book | $238m | 1.9% | 461,611 | -$39m-233,926 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $228m | 0.1% | 442,768 | -$24m-190,051 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $179m | 0.1% | 347,866 | +$73m+81,470 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $104m | 0.1% | 201,500 | +$15m-21,722 | Trimmed |
| Bridgewater Associates LP Macro · $24.4bn book | $76m | 0.3% | 146,602 | opened146,602 | New |
| Discovery Capital Management LLC Macro · $2.4bn book | $43m | 1.8% | 83,040 | +$23m+32,400 | Added |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $10m | 0.1% | 20,000 | opened20,000 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Tiger Global Management LLC · Long/short equity$398m held before
- Renaissance Technologies LLC · Quantitative$174m held before
- Voloridge Investment Management LLC · Quantitative$22m held before
- Steadfast Capital Management LP · Long/short equity$12m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$1.8bn notional
- Susquehanna International Group LLP · puts$1.4bn notional
- Citadel Advisors LLC · calls$1.3bn notional
- Jane Street Group LLC · calls$1.1bn notional
- Jane Street Group LLC · puts$1.0bn notional
- Citadel Advisors LLC · puts$685m notional
What APP is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around APP →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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