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Bank of Montreal Can Boosts Stake in AppLovin
The firm increased its holdings in the mobile technology company by 326.1% in the third quarter.
Published on Mar. 11, 2026
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Bank of Montreal Can, a major Canadian financial institution, significantly increased its stake in AppLovin Corporation, a Palo Alto-based mobile technology company, by 326.1% in the third quarter of the year. The firm now owns 320,997 shares of AppLovin's stock, worth approximately $230.6 million.
Why it matters
This investment by a major institutional investor signals confidence in AppLovin's growth potential and the firm's ability to continue expanding its mobile advertising and marketing platform. As AppLovin seeks to scale its business, securing the backing of large investors like Bank of Montreal Can could provide valuable resources and support.
The details
According to a recent SEC filing, Bank of Montreal Can purchased an additional 245,670 shares of AppLovin stock during the third quarter, bringing its total holdings to 320,997 shares. This represents a 326.1% increase in the firm's position in the company. AppLovin is a mobile technology firm that provides software and services to help app developers grow and monetize their businesses through its data-driven advertising and marketing platform.
- Bank of Montreal Can increased its AppLovin holdings in the third quarter of 2026.
The players
Bank of Montreal Can
A major Canadian financial institution that has significantly increased its stake in AppLovin Corporation.
AppLovin Corporation
A Palo Alto-based mobile technology company that provides software and services to help app developers grow and monetize their businesses.
The takeaway
This investment by Bank of Montreal Can underscores the growing institutional interest in AppLovin and the broader mobile advertising and marketing technology sector. As AppLovin continues to expand its platform and capabilities, securing the backing of major investors could provide valuable resources and support to fuel the company's future growth.
