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Bank of Nova Scotia Boosts Stake in AppLovin Corporation
The Canadian bank increased its holdings in the mobile technology company by 589.5% in the third quarter.
Mar. 17, 2026 at 7:35am
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Bank of Nova Scotia increased its stake in AppLovin Corporation (NASDAQ:APP) by 589.5% in the third quarter, according to the company's latest Form 13F filing with the Securities and Exchange Commission. The firm now owns 28,946 shares of the company's stock, worth $20.8 million as of the filing.
Why it matters
The significant increase in Bank of Nova Scotia's position in AppLovin suggests the Canadian bank sees strong growth potential in the mobile technology company. AppLovin provides software and services to help app developers grow and monetize their businesses, operating a data-driven advertising and marketing platform.
The details
According to the 13F filing, Bank of Nova Scotia purchased an additional 24,748 shares of AppLovin during the third quarter, bringing its total holdings to 28,946 shares. This represents a 589.5% increase in the bank's position in the company.
- Bank of Nova Scotia increased its holdings in AppLovin in the third quarter of 2026.
The players
Bank of Nova Scotia
A Canadian multinational banking and financial services company.
AppLovin Corporation
A mobile technology company that provides software and services to help app developers grow and monetize their businesses.
The takeaway
The significant increase in Bank of Nova Scotia's stake in AppLovin suggests the Canadian bank sees strong growth potential in the mobile technology company, which operates a data-driven advertising and marketing platform to help app developers succeed.
