DNB Asset Management Boosts AppLovin Holdings by 82%

Institutional investor increases stake in mobile tech company as analysts remain bullish on growth prospects.

Published on Feb. 27, 2026

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DNB Asset Management AS, a Norwegian investment firm, increased its holdings in AppLovin Corporation (NASDAQ:APP) by 82.3% in the third quarter, according to a recent SEC filing. The firm now owns 80,911 shares of the mobile technology company's stock, valued at $58.1 million. The move comes as analysts maintain a largely positive outlook on AppLovin's growth potential despite a recent stock selloff.

Why it matters

AppLovin is a leading mobile technology company that provides software and services to help app developers grow and monetize their businesses. The increase in holdings by a major institutional investor like DNB Asset Management suggests confidence in the company's long-term prospects, even as the stock has faced some volatility amid a broader selloff in the tech sector.

The details

According to the 13F filing, DNB Asset Management acquired an additional 36,522 shares of AppLovin during the third quarter, bringing its total holdings to 80,911 shares. This represents an 82.3% increase in the firm's position in the company. AppLovin's stock has faced some pressure in recent months, falling from a 52-week high of $745 to around $445 per share as of the latest trading session. However, many analysts remain bullish on the company's growth outlook, citing its proprietary data and AI optimization capabilities as key competitive advantages.

  • DNB Asset Management increased its AppLovin holdings in the third quarter of 2026.
  • AppLovin's stock price has fallen from a 52-week high of $745 to around $445 per share as of the latest trading session.

The players

DNB Asset Management AS

A Norwegian investment firm that manages over $200 billion in assets.

AppLovin Corporation

A Palo Alto-based mobile technology company that provides software and services to help app developers grow and monetize their businesses.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The increase in holdings by DNB Asset Management in AppLovin suggests that institutional investors remain confident in the company's long-term growth prospects, despite the recent stock selloff. AppLovin's proprietary data and AI optimization capabilities continue to be seen as key competitive advantages by analysts, even as the broader tech sector faces volatility.