AppLovin Shares Sold by Augustine Asset Management

Institutional investor reduces stake in mobile tech company

Apr. 2, 2026 at 7:23am

Augustine Asset Management Inc. lowered its stake in shares of AppLovin Corporation (NASDAQ:APP) by 1.6% during the fourth quarter, according to a recent SEC filing. The fund owned 263,330 shares of the company's stock, making it one of AppLovin's largest institutional investors.

Why it matters

This filing provides insight into the trading activity of a major institutional investor in AppLovin, a leading mobile technology company that provides software and services to help app developers grow and monetize their businesses. Tracking institutional ownership and trading can offer clues about market sentiment and future performance of the stock.

The details

According to the filing, Augustine Asset Management sold 4,360 shares of AppLovin during the fourth quarter. The fund now owns approximately 0.08% of the company's outstanding shares, valued at around $177 million as of the most recent reporting period.

  • The filing covers trading activity during the fourth quarter of 2025.

The players

Augustine Asset Management Inc.

A Palo Alto-based institutional investment management firm that owns a significant 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

This filing highlights the ongoing interest and activity around AppLovin, a key player in the mobile app ecosystem. Tracking institutional investors' positions and trading can provide valuable insights into the market's view of the company's prospects.