Who owns AppLovin (APP)
Which tracked institutional funds hold APP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See APP company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on APP is one-sided between 2025-Q4 and 2026-Q1: 157 added or opened and 905 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
APP’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in APP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1384 tracked filers holding APP, 687 increased or opened the position and 940 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in APP between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 72
- VANGUARD CAPITAL MANAGEMENT LLC$6.7B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.4B
- VANGUARD FIDUCIARY TRUST CO$611M
- Vanguard Global Advisers, LLC$235M
- Winslow Capital Management, LLC$172M
- VANGUARD ASSET MANAGEMENT, Ltd$163M
Full exits 158
- VANGUARD GROUP INC$16.9B
- AXIOM INVESTORS LLC /DE$392M
- Polar Capital Holdings Plc$163M
- MARSICO CAPITAL MANAGEMENT LLC$119M
- Durable Capital Partners LP$110M
- Pacer Advisors, Inc.$81M
Largest adds
- Capital International Investors$463M
- Capital Research Global Investors$235M
- ALLIANCEBERNSTEIN L.P.$120M
- Point72 Asset Management, L.P.$112M
- Clear Street Group Inc.$80M
- LONE PINE CAPITAL LLC$57M
Largest trims
- IEQ CAPITAL, LLC$10.5B
- BlackRock, Inc.$7.4B
- STATE STREET CORP$3.3B
- JPMORGAN CHASE & CO$3.2B
- FMR LLC$2.6B
- PRICE T ROWE ASSOCIATES INC /MD/$1.9B
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 24,040,619 | $12.4B | 11.2% | 2026-Q2 |
| FMR LLC added | 17,293,553 | $8.9B | 8.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 16,750,884 | $6.7B | 6.0% | 2026-Q1 |
| STATE STREET CORP added | 12,101,830 | $6.2B | 5.6% | 2026-Q2 |
| Invesco Ltd. added | 10,975,993 | $5.7B | 5.1% | 2026-Q2 |
| Capital World Investors added | 8,150,954 | $4.2B | 3.8% | 2026-Q2 |
| BAILLIE GIFFORD & CO trimmed | 6,471,615 | $3.3B | 3.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 7,288,372 | $2.9B | 2.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 4,773,100 | $2.5B | 2.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 5,935,893 | $2.4B | 2.1% | 2026-Q1 |
| MORGAN STANLEY added | 5,604,841 | $2.2B | 2.0% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC trimmed | 3,709,328 | $1.9B | 1.7% | 2026-Q2 |
| Capital International Investors added | 2,968,827 | $1.5B | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 4,107,944 | $1.5B | 1.4% | 2026-Q1 |
| NORGES BANK added | 2,921,649 | $1.5B | 1.4% | 2026-Q2 |
| KENSICO CAPITAL MANAGEMENT CORP added | 3,284,250 | $1.3B | 1.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,880,716 | $1.3B | 1.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 3,155,406 | $1.3B | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,701,859 | $1.1B | 1.0% | 2026-Q1 |
| Capital Research Global Investors trimmed | 1,905,302 | $982M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 2,407,191 | $958M | 0.9% | 2026-Q1 |
| JENNISON ASSOCIATES LLC trimmed | 2,300,905 | $916M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,968,560 | $783M | 0.7% | 2026-Q1 |
| UBS Group AG trimmed | 1,822,038 | $725M | 0.7% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 1,815,061 | $718M | 0.7% | 2026-Q1 |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC trimmed | 1,790,000 | $712M | 0.6% | 2026-Q1 |
| Jericho Capital Asset Management L.P. trimmed | 1,677,224 | $668M | 0.6% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,613,866 | $642M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,534,970 | $611M | 0.6% | 2026-Q1 |
| COATUE MANAGEMENT LLC trimmed | 1,171,189 | $603M | 0.5% | 2026-Q2 |
| Legal & General Group Plc trimmed | 1,478,558 | $588M | 0.5% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,358,573 | $541M | 0.5% | 2026-Q1 |
| LONE PINE CAPITAL LLC trimmed | 1,042,268 | $537M | 0.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,324,244 | $527M | 0.5% | 2026-Q1 |
| SAPIENT CAPITAL LLC added | 1,271,473 | $506M | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,236,093 | $492M | 0.4% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 1,235,519 | $492M | 0.4% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC trimmed | 1,173,040 | $467M | 0.4% | 2026-Q1 |
| Amundi trimmed | 1,115,419 | $444M | 0.4% | 2026-Q1 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 831,697 | $429M | 0.4% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 987,120 | $399M | 0.4% | 2026-Q1 |
| TIGER GLOBAL MANAGEMENT LLC trimmed | 1,000,000 | $398M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 991,256 | $395M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 928,576 | $370M | 0.3% | 2026-Q1 |
| Fundsmith LLP new | 696,568 | $359M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 890,770 | $355M | 0.3% | 2026-Q1 |
| D1 Capital Partners L.P. | 669,282 | $345M | 0.3% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 708,732 | $282M | 0.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 692,742 | $276M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 677,030 | $269M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 670,864 | $267M | 0.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 632,819 | $252M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 606,693 | $241M | 0.2% | 2026-Q1 |
| Whale Rock Capital Management LLC trimmed | 461,611 | $238M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC new | 590,056 | $235M | 0.2% | 2026-Q1 |
| National Pension Service trimmed | 558,327 | $222M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 550,338 | $219M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 546,146 | $217M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 496,723 | $198M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 489,882 | $195M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 488,574 | $194M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 471,774 | $188M | 0.2% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 454,668 | $181M | 0.2% | 2026-Q1 |
| TD Asset Management Inc added | 447,808 | $178M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 444,465 | $177M | 0.2% | 2026-Q1 |
| ProShare Advisors LLC trimmed | 442,379 | $176M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 436,540 | $174M | 0.2% | 2026-Q1 |
| Winslow Capital Management, LLC added | 431,891 | $172M | 0.2% | 2026-Q1 |
| CITIGROUP INC trimmed | 416,476 | $166M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 409,563 | $163M | 0.1% | 2026-Q1 |
| DAVIS SELECTED ADVISERS trimmed | 315,539 | $163M | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 408,309 | $163M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 402,491 | $160M | 0.1% | 2026-Q1 |
| Ensign Peak Advisors, Inc trimmed | 390,585 | $155M | 0.1% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 386,029 | $154M | 0.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 349,284 | $139M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 349,227 | $139M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 346,300 | $138M | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 343,561 | $137M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 335,768 | $134M | 0.1% | 2026-Q1 |
| FIL Ltd added | 323,026 | $129M | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 245,730 | $127M | 0.1% | 2026-Q2 |
| Dorsey Asset Management, LLC trimmed | 316,952 | $126M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 297,374 | $118M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 285,456 | $114M | 0.1% | 2026-Q1 |
| Clear Street Group Inc. added | 277,872 | $111M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 276,124 | $110M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 270,539 | $108M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 269,541 | $107M | 0.1% | 2026-Q1 |
| AUGUSTINE ASSET MANAGEMENT INC added | 267,051 | $106M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 266,396 | $106M | 0.1% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 201,500 | $104M | 0.1% | 2026-Q2 |
| VANGUARD GROUP INC added | 25,120,575 | $16.9B | 15.3% | 2025-Q4 stale |
| AXIOM INVESTORS LLC /DE trimmed | 581,244 | $392M | 0.4% | 2025-Q4 stale |
| Polar Capital Holdings Plc added | 241,533 | $163M | 0.1% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 178,661 | $128M | 0.1% | 2025-Q3 stale |
| MARSICO CAPITAL MANAGEMENT LLC added | 175,938 | $119M | 0.1% | 2025-Q4 stale |
| VIKING GLOBAL INVESTORS LP trimmed | 162,525 | $117M | 0.1% | 2025-Q3 stale |
| AGF MANAGEMENT LTD new | 161,855 | $116M | 0.1% | 2025-Q3 stale |
| Durable Capital Partners LP trimmed | 163,405 | $110M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.