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Russell Investments Boosts Stake in AppLovin
The investment firm increased its position in the mobile tech company by nearly 16% in the third quarter.
Published on Mar. 9, 2026
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Russell Investments Group Ltd. has increased its stake in AppLovin Corporation by 15.9% in the third quarter, according to a recent SEC filing. The institutional investor now owns 266,656 shares of the mobile technology company's stock, valued at around $191.47 million.
Why it matters
AppLovin is a prominent player in the mobile app development and advertising space, providing tools and services to help app publishers grow and monetize their businesses. Russell Investments' increased stake suggests confidence in the company's long-term prospects, even as the broader tech sector has faced volatility.
The details
According to the filing, Russell Investments added 36,603 shares to its existing position in AppLovin during the third quarter. The firm now owns about 0.08% of the company's outstanding shares. AppLovin has seen its stock price fluctuate in recent months, but the company has reported strong financial results, including a 66% year-over-year increase in revenue in its most recent quarter.
- Russell Investments increased its stake in AppLovin during the third quarter of 2025.
The players
Russell Investments Group Ltd.
An institutional investment management firm that provides a range of investment strategies and services to clients worldwide.
AppLovin Corporation
A mobile technology company that provides software and services to help app developers grow and monetize their businesses.
The takeaway
Russell Investments' increased stake in AppLovin suggests that the investment firm sees long-term potential in the mobile app development and advertising company, even as the broader tech sector has faced volatility. This vote of confidence from a major institutional investor could signal that AppLovin is well-positioned to navigate the changing landscape of the mobile app ecosystem.
