Digital Turbine Inc (APPS) Hedge Fund Ownership (Q2 2026)

Digital Turbine Inc (APPS)

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

Smart Money Signals — APPS

Based on 212 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added APPS 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 (97% of max)

97% of all-time peak

212 hedge funds hold APPS 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.

📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q

+35 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 57% buying

136 buying104 selling

Last quarter: 136 funds bought or added vs 104 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter

Funds opening a new APPS position: 28 → 44 → 37 → 55. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 22% medium ■ 23% new

117 out of 212 hedge funds have held APPS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +405% but shares only +12% — price-driven

Value

+404%

+11%

Last quarter: the total dollar value of institutional holdings rose +405%, but actual share count only changed +12%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

40 → 28 → 44 → 37 → 55 new funds/Q

New funds entering each quarter: 28 → 44 → 37 → 55. A growing number of institutions are discovering APPS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 69% veterans vs 20% newcomers

■ 69% veterans ■ 11% 1-2yr ■ 20% new

Entry-cohort mix of 224 holders: 155 (69%) are 2+ year veterans, 24 entered 1–2 years ago, and 45 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds

44 of 209 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in APPS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	208	198	5.05%
13F Shares	82M	73M	11.84%
Total Value	$1.04B	$207M	403.99%
New Positions	55	37	+18
Increased Positions	78	45	+33
Closed Positions	42	34	+8
Reduced Positions	59	83	-24
Total Calls	9	6	50.0%
Total Puts	6	5	20.0%
PUT/CALL Ratio	0.67	0.83	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

208

198

5.05%

13F Shares

82M

73M

11.84%

Total Value

$1.04B

$207M

403.99%

New Positions

+18

Increased Positions

+33

Closed Positions

Reduced Positions

-24

Total Calls

50.0%

Total Puts

20.0%

PUT/CALL Ratio

0.67

0.83

Bullish

Institutional Holders (2026 Q2)

208 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 APPS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	AIGH Capital Management LLC	5.32%	6,548,450	$84.5M
2	Manatuck Hill Partners, LLC	4.46%	1,043,461	$13.5M
3	S Squared Technology, LLC	1.82%	454,333	$5.9M
4	P.A.W. Capital Corp	1.68%	170,200	$2.2M
5	Granahan Investment Management, LLC	1.61%	3,494,200	$45.1M
6	Worth Venture Partners, LLC	1.24%	42,682	$551K
7	Panoramic Capital, LLC	1.08%	195,000	$2.5M
8	HERALD INVESTMENT MANAGEMENT Ltd	0.96%	550,329	$7.1M
9	Decker Retirement Planning Inc.	0.93%	211,376	$2.7M
10	Globeflex Capital L P	0.61%	367,860	$4.7M
11	Olympiad Research LP	0.43%	15,919	$205K
12	G2 Investment Partners Management LLC	0.41%	175,000	$2.3M
13	Symmetry Peak Management LLC	0.25%	72,500	$935K
14	nVerses Capital, LLC	0.21%	10,366	$134K
15	Gagnon Securities LLC	0.20%	81,839	$1.1M
16	Scientech Research LLC	0.20%	19,383	$250K
17	Baader Bank Aktiengesellschaft	0.15%	149,569	$1.9M
18	Inspire Investing, LLC	0.14%	258,984	$3.3M
19	Headlands Technologies LLC	0.14%	99,387	$1.3M
20	Apis Capital Advisors, LLC	0.11%	88,856	$1.1M
21	Silvercrest Asset Management Group LLC	0.09%	1,053,466	$13.6M
22	Occudo Quantitative Strategies LP	0.09%	128,249	$1.7M
23	Gwn Securities INC.	0.08%	38,287	$494K
24	Aigen Investment Management, LP	0.07%	18,691	$241K
25	Axq Capital, LP	0.06%	43,339	$559K

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 — Digital Turbine Inc (APPS)

What does the Smart Money Trend signal show for APPS?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added APPS 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 APPS?

Slight buying edge — 57% buying: Last quarter: 136 funds bought or added vs 104 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for APPS holders?

Elite ownership — 54% AUM from top-100 funds: 44 of 209 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in APPS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held APPS?

55% of holders stayed for 2+ years: 117 out of 212 hedge funds have held APPS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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.

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Digital Turbine Inc (APPS)

Smart Money Signals — APPS

Buying streak — 3 quarters in a row

At the ownership peak (97% of max)

Steady growth — +20% more funds vs a year ago

Slight buying edge — 57% buying

More new buyers each quarter (+18 vs last Q)

55% of holders stayed for 2+ years

Value +405% but shares only +12% — price-driven

Growing discovery — still being found

Veteran-anchored — 69% veterans vs 20% newcomers

Elite ownership — 54% AUM from top-100 funds

Institutional Sentiment Summary — APPS

What Fund Managers Are Saying About APPS

Hedge Fund Ownership: APPS

Market Analysis: APPS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: APPS

Hedge Fund Positioning: APPS

Statistics: APPS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Digital Turbine Inc (APPS)

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