AMF Tjanstepension 13F: Adds $112M to AppLovin (APP) Stake
Key Points
- AMF Tjanstepension boosted its AppLovin position by 843.2%, adding 387,237 shares to end the period with 433,162 shares valued at $125,803,240.
- AppLovin trades near $269.50, sitting well below its 50-day moving average and facing a P/E ratio of 20.6 ahead of its November 4, 2026 earnings release.
- Baillie Gifford & Co reduced its holdings by 228,473 shares, leaving it with 6,471,615 shares worth about $1,710,318,404.
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AMF Tjanstepension lifted its stake in AppLovin Corporation (APP) significantly during the period, according to its Form 13F filing with the SEC on October 22, 2026. The pension fund picked up an additional 387,237 shares, marking an 843.2% increase from its prior holding of 45,925 shares. The resulting position stood at 433,162 shares with a reported value of $125,803,240.
APP
AppLovin Corporation
Other Institutional Activity in AppLovin
Other major institutional investors adjusted their positions in AppLovin during the same period. Baillie Gifford & Co grew its holdings by -228,473 shares, ending with 6,471,615 shares worth about $1,710,318,404 after a 3.4% decrease in its stake.
AppLovin Corporation Stock Down 1.1%
AppLovin recently traded around $269.50 as of October 22, 2026. The stock sits below its 50-day moving average of $301.78 and well below its 52-week high of $738.01, though it trades about 3.4% above its 52-week low of $260.59.
Recent Earnings
AppLovin reported trailing twelve-month revenue of $6,829,124,096 with an EPS of $13.01. The company posted a net profit margin of 64.6% and a return on equity of 203.7%. Its year-over-year revenue growth reached 52.8%. The company's next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 3.6%. Revenue beat estimates by 3.3%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 7 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
4 target raises, 1 target cut.
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Earnings quality
Gross margin up 2.0 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
AppLovin delivered 1.84 billion dollars in revenue, up 59 percent year over year, and beat guidance again. The gaming business remains strong while the consumer vertical is growing faster, with March spending 25 percent higher than January and April setting a record month. Management is excited about opening the platform to the public in June and seeing new game developers adopt ad monetization alongside in-app purchases.
Guidance AppLovin guided for 1.915 to 1.945 billion dollars in second-quarter revenue, up 52 to 55 percent year over year. They expect adjusted EBITDA margin around 84 to 85 percent. Management said the consumer vertical is accelerating fast and the June platform launch to the public will unlock much larger growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Insider Buying and Selling at AppLovin Corporation
Company insiders executed several sales prior to the filing. Chief Executive Officer Arash Adam Foroughi sold 52,165 shares on June 12, 2026, followed by another sale of 22,444 shares on the same day valued at $11,158,868. Director Eduardo Vivas sold 163,910 shares on June 16, 2026, for a total of $82,620,804. Director Maynard George Webb Jr sold 3,076 shares on July 6, 2026, worth $1,603,489.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 12, 2026, Oppenheimer maintained its Outperform rating and adjusted its price target to $490.00 from $560.00. Morgan Stanley maintained its Overweight rating on October 13, 2026, moving its target to $400.00 from $450.00. Goldman Sachs maintained a Neutral rating on October 14, 2026, lowering its target to $400.00 from $465.00. Wedbush maintained an Outperform rating on October 14, 2026, setting a $560.00 target down from $610.00. Citigroup maintained a Buy rating on October 19, 2026, reducing its target to $500.00 from $600.00. Overall, the stock carries a consensus buy rating from 31 analysts with a mean price target of $476.85.
About AppLovin
AppLovin Corporation builds end-to-end artificial intelligence-driven advertising tools that help companies market their products and grow revenue across mobile platforms and digital channels. Headquartered in Palo Alto, California, the firm operates through two primary segments focused on advertising technology and consumer applications.
Bottom Line
Investors will look toward AppLovin's upcoming earnings report on November 4, 2026, for further clues on growth and profitability. Institutional ownership shifts and evolving analyst targets continue to shape market sentiment around the advertising technology provider.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $APP (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts