Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

APPLIED DIGITAL CORP (APLD)

464 + Investors. Track Smart Money conviction in APLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +64
Streak
7Q ▲
Buyers last Q
63%

Smart Money Signals — APLD

Based on 421 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added APLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
421 hedge funds hold APLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +79% more funds vs a year ago

fund count last 6Q
+186 new funds entered over the past year (+79% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 63% buying

291 buying171 selling
Last quarter: 291 funds were net buyers (124 opened a brand new position + 167 added to an existing one). Only 171 were sellers (111 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~124 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 75 → 87 → 126 → 124. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 52% entered in last year

■ 19% conviction (2yr+) ■ 29% medium ■ 52% new
Only 79 funds (19%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +5%, value -86%

Value
-86%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -86%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

97 → 75 → 87 → 126 → 124 new funds/Q
New funds entering each quarter: 75 → 87 → 126 → 124. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱

Early stage — 62% of holders entered in last year

■ 25% veterans ■ 12% 1-2yr ■ 62% new
Of 464 current holders: 289 (62%) entered in the past year, only 117 (25%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
39 of 421 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.4
out of 10
Moderate Exit Risk
Exit risk score 5.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: APLD

How many hedge funds hold APLD — quarterly history vs. share price
Quarterly hedge fund ownership of APLD vs. share price

Market Analysis: APLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

57 top-rated funds 7 high-conviction
Consensus
7.7
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: APLD
2026 Q1 Stats Unlock in 10 days 464 + Investors

Track Smart Money conviction in APLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 464 402 15.42%
13F Shares 242M 231M 4.71%
Total Value $5.90B $42.58B -86.14%
New Positions 127 137 -10
Increased Positions 240 177 +63
Closed Positions 65 47 +18
Reduced Positions 148 116 +32
Total Calls 30 28 7.14%
Total Puts 29 31 -6.45%
PUT/CALL Ratio 0.97 1.11 Neutral

Statistics: APLD

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Institutional Holders (2026 Q1)

464 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in APLD. Verified SEC 13F-HR filings.

Top 25 institutional holders of APLD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DBA TRADING, LLC 65.75% 5,576,235 $132.4M
2 TFR Capital, LLC. 2.91% 372,960 $9.5M
3 Cannon Capital Management, Inc. 2.89% 149,809 $3.6M
4 REX Advisers, LLC 2.14% 29,800 $707K
5 AGP FRANKLIN, LLC 1.71% 143,922 $3.4M
6 HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC 1.58% 502,685 $12K
7 Tactive Advisors, LLC 1.01% 151,517 $3.6M
8 Register Financial Advisors LLC 0.66% 75,300 $1.8M
9 Yorktown Management & Research Co Inc 0.60% 30,350 $721K
10 Uniting Wealth Partners, LLC 0.54% 107,204 $2.5M
11 MRA Advisory Group 0.52% 53,491 $1.3M
12 CHELSEA COUNSEL CO 0.51% 48,575 $1.2M
13 Dupree Financial Group, LLC 0.49% 51,359 $1.2M
14 Meadowbrook Wealth Management, LLC 0.39% 12,533 $298K
15 SUMMIT SECURITIES GROUP LLC 0.33% 114,000 $2.7M
16 Mann Financial Group, Inc. 0.28% 12,640 $300K
17 Oxinas Partners, LLC 0.27% 24,965 $593K
18 FWG Holdings, LLC 0.26% 27,695 $698K
19 Quad-Cities Investment Group, LLC 0.24% 25,510 $606K
20 SLT Holdings LLC 0.23% 14,500 $344K
21 CHESAPEAKE CAPITAL CORP /IL/ 0.23% 13,165 $313K
22 Checchi Capital Advisers, LLC 0.19% 158,073 $3.8M
23 Balboa Wealth Partners 0.17% 42,186 $1.0M
24 NFSG Corp 0.16% 42,042 $998K
25 CLARK FINANCIAL SERVICES GROUP INC /BD 0.16% 12,595 $299K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — APPLIED DIGITAL CORP (APLD)

What does the Smart Money Trend signal show for APLD?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added APLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for APLD?

More buyers than sellers — 63% buying: Last quarter: 291 funds were net buyers (124 opened a brand new position + 167 added to an existing one). Only 171 were sellers (111 trimmed + 60 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for APLD holders?

Strong quality — 28% AUM from major funds: 39 of 421 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held APLD?

Mostly new holders — 52% entered in last year: Only 79 funds (19%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.