AppLovin Corporation Stake Increased by Kensico Capital Management

Institutional investor boosts position in mobile tech company by 3.1% in Q3

Mar. 16, 2026 at 11:51am

Kensico Capital Management Corp increased its stake in AppLovin Corporation (NASDAQ:APP) by 3.1% in the third quarter, according to a recent 13F filing with the SEC. The institutional investor now owns 3,118,500 shares of the company's stock, making it AppLovin's largest shareholder with a 0.92% stake worth over $2.2 billion.

Why it matters

AppLovin is a prominent mobile technology company that provides software and services to help app developers grow and monetize their businesses. The increase in Kensico's position signals continued institutional investor confidence in AppLovin's growth prospects and business model.

The details

Kensico Capital Management Corp added 95,000 shares to its AppLovin position during the third quarter. The firm now owns 3,118,500 shares, or 0.92% of the company's outstanding stock, worth approximately $2.24 billion. AppLovin makes up 34.5% of Kensico's overall portfolio, making it the firm's largest holding.

  • Kensico Capital Management Corp increased its AppLovin stake in the third quarter of 2026.

The players

Kensico Capital Management Corp

An institutional investment firm that owns a 0.92% stake in AppLovin Corporation.

AppLovin Corporation

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

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The takeaway

The increased stake by Kensico Capital Management, a prominent institutional investor, underscores the market's confidence in AppLovin's ability to capitalize on growth opportunities in the mobile app ecosystem.