Fred Alger Management Reduces AppLovin Stake by 18.7%

Institutional investor trims position in mobile tech company

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC reduced its stake in AppLovin Corporation (NASDAQ:APP) by 18.7% in the third quarter, according to a recent SEC filing. The firm now owns 1,891,942 shares of the company's stock, making it AppLovin's 5th largest institutional investor with a 0.56% ownership stake valued at $1.36 billion.

Why it matters

AppLovin is a major player in the mobile advertising and marketing technology space, providing tools for app developers to acquire users, monetize their apps, and optimize their marketing campaigns. Changes in ownership by large institutional investors like Fred Alger Management can signal shifts in market sentiment and future growth prospects for the company.

The details

According to the filing, Fred Alger Management sold 435,702 shares of AppLovin during the third quarter. The firm now owns approximately 1.9 million shares, or about 0.56% of the company's outstanding stock. AppLovin comprises around 5.3% of Fred Alger's overall investment portfolio, making it the firm's 5th largest holding.

  • Fred Alger Management reduced its AppLovin stake in the 3rd quarter of 2026.

The players

Fred Alger Management LLC

An institutional investment management firm based in New York that oversees over $40 billion in assets.

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 reduction in Fred Alger Management's AppLovin stake, while relatively small, could signal a shift in sentiment around the mobile marketing technology company among some institutional investors. However, AppLovin remains a top holding for the firm, indicating its continued belief in the company's long-term growth potential.