AppLovin Holdings Cut by Allspring Global Investments

Institutional investor reduces stake in mobile tech company

Mar. 31, 2026 at 7:20am

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Allspring Global Investments Holdings LLC has reduced its stake in AppLovin Corporation (NASDAQ:APP) by 5.7% in the fourth quarter, according to a recent SEC filing. The investment firm now owns approximately 218,590 shares of the mobile technology company's stock.

Why it matters

AppLovin is a major player in the mobile advertising and marketing platform space, providing tools for app developers to grow and monetize their businesses. This reduction in holdings by a large institutional investor could signal broader market shifts or concerns around the company's performance.

The details

According to the 13F filing, Allspring Global Investments sold 13,102 shares of AppLovin stock during the fourth quarter. The firm now owns around 0.06% of the company's outstanding shares, valued at $135,159,000 as of the end of 2022.

  • Allspring Global Investments reduced its AppLovin holdings in Q4 2022.

The players

Allspring Global Investments Holdings LLC

A major institutional investment firm that has reduced its stake in mobile technology company 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.

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The takeaway

This reduction in holdings by a prominent institutional investor could signal broader market concerns about AppLovin's performance or the mobile advertising industry as a whole. However, the company remains a major player in the space, and its long-term prospects will depend on its ability to continue innovating and meeting the needs of app developers.