Strive Asset Management Invests $7.5M in AppLovin

Hedge fund takes stake in mobile tech company

Published on Mar. 3, 2026

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Strive Asset Management LLC, a new investment firm, acquired a position in AppLovin Corporation (NASDAQ:APP), a mobile technology company based in Palo Alto, California. Strive purchased 10,434 shares of AppLovin stock valued at approximately $7.5 million, making it the 29th largest holding in the firm's portfolio.

Why it matters

This investment highlights the growing interest in AppLovin, which provides software and services to help app developers grow and monetize their businesses. As a data-driven advertising and marketing platform, AppLovin connects app publishers and advertisers, offering tools for user acquisition, monetization, analytics, and creative optimization.

The details

According to a recent SEC filing, Strive Asset Management acquired the new position in AppLovin during the third quarter. The firm now holds 10,434 shares of the company's stock, valued at around $7.5 million. AppLovin makes up 0.2% of Strive's total holdings, making it the 29th largest position in the investment firm's portfolio.

  • Strive Asset Management acquired the AppLovin position during the third quarter of the year.

The players

Strive Asset Management LLC

A new investment firm that acquired a position in AppLovin Corporation.

AppLovin Corporation

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

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The takeaway

This investment by Strive Asset Management underscores the growing interest and potential in the mobile technology sector, particularly for companies like AppLovin that are providing innovative solutions to help app developers succeed in a competitive market.