AppLovin Corporation $APP is Lone Pine Capital LLC's 4th Largest Position

Lone Pine Capital LLC cuts its holdings in AppLovin shares by 29.7% in the 3rd quarter

Mar. 17, 2026 at 10:06am

According to a recent 13F filing, Lone Pine Capital LLC reduced its stake in AppLovin Corporation (NASDAQ:APP) by 29.7% during the 3rd quarter. The investment firm still owns 1,109,138 shares of the company's stock, making it AppLovin's 4th largest institutional shareholder with a 0.33% ownership stake worth nearly $797 million.

Why it matters

This filing provides insight into the investment strategies of major institutional investors like Lone Pine Capital. The significant reduction in their AppLovin position suggests they may have concerns about the company's future prospects or see better opportunities elsewhere. As a top 5 shareholder, Lone Pine's trading activity can influence the stock price and sentiment around AppLovin.

The details

According to the 13F, Lone Pine Capital sold 467,796 shares of AppLovin in the 3rd quarter, reducing its total position by 29.7%. The investment firm now owns 1,109,138 shares, or about 0.33% of AppLovin's outstanding stock. AppLovin makes up approximately 5.8% of Lone Pine's overall portfolio, making it the firm's 4th largest holding.

  • Lone Pine Capital filed its 13F report for the 3rd quarter of 2026 on March 17, 2026.

The players

Lone Pine Capital LLC

An investment management firm founded in 1997 that focuses on long-term investments in public equities.

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

Lone Pine Capital's reduced stake in AppLovin suggests the investment firm may have concerns about the company's future prospects or see better opportunities elsewhere. As a major institutional shareholder, Lone Pine's trading activity can influence the stock price and sentiment around AppLovin.