AppLovin Corporation (APP)

Highly Crowded

Held by 1,329 of 5,944 reporting institutions (99th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

66.18%

QoQ Change

-7.63%

Total Value

$86.4T

Shares Outstanding

338.8M

Crowding AnalysisHighly Crowded

Holders1,329of 5,944

Avg: 68

Uncrowded99th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.73x

98th percentile

690 buying949 selling

+158

New

-368

Closed

-23,101,952

Net shares

Holding Period Distribution

estimate

Median: 3 QAvg: 3 QHolders: 1,329

Ownership Concentration

Top 5: 33.6%Top 10: 47.6%

BlackRock,10.5%

VANGUARD CAPITAL MANAGEMENT7.5%

FMR7.0%

STATE STREET5.3%

SUSQUEHANNA INTERNATIONAL GROUP, LLP3.3%

Others (1324)66.4%

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Conviction-Weighted Ownership

Median weight: 0.17%Avg weight: 0.46%Max: 2.72%High conviction (>1%): 1

BlackRock,

VANGUARD CAPITAL MANAGEMENT

FMR

STATE STREET

SUSQUEHANNA INTERNATIONAL GROUP, LLP

GEODE CAPITAL MANAGEMENT,

BAILLIE GIFFORD &

VANGUARD PORTFOLIO MANAGEMENT

JANE STREET GROUP,

MORGAN STANLEY

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$6.7B16.8M shr

NEWVANGUARD PORTFOLIO MANAGEMENT$2.4B5.9M shr

NEWJANE STREET GROUP$2.3B5.8M shr

NEWMORGAN STANLEY$2.2B5.6M shr

BOUGHTFMR$1.0B2.6M shr

SOLDSUSQUEHANNA INTERNATIONAL GROUP, LLP$2.2B3.3M shr

SOLDBlackRock$511M758K shr

SOLDJPMORGAN CHASE$424M630K shr

SOLDFMR$415M615K shr

BOUGHTGEODE CAPITAL MANAGEMENT$301M448K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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