Quadrant Capital Group 13F: Exits AppLovin (APP) Stake
Key Points
- Quadrant Capital Group closed out its AppLovin Corporation APP holdings by selling all 2,615 shares in an October 20, 2026 Form 13F filing.
- AppLovin Corporation APP recently traded at $267.84, which is down about 1.7% from its October 20, 2026 close of $272.46.
- Chief Executive Officer Arash Adam Foroughi and other insiders sold shares earlier in the summer of 2026.
Since the filing, $APP is down 1.7% to date (from the $272.46 close on Oct 20, 2026).
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Quadrant Capital Group closed out its position in AppLovin Corporation APP by selling all 2,615 shares in a filing on October 20, 2026. The fund disclosed the complete exit in its latest Form 13F filing with the SEC, parting ways with a stake that previously stood at 2,615 shares. AppLovin Corporation APP closed at $272.46 on the day of the filing.
APP
AppLovin Corporation
Quadrant Capital Group vs. the S&P 500
Hypothetical returns from Quadrant Capital Group's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in AppLovin Corporation
Other large investors adjusted their holdings around the same period. TD Asset Management grew its holdings by 87,856 shares, ending with 447,808 shares worth about $231.1 million. California Public Employees Retirement System boosted its position by 24,004 shares, bringing its total to 488,574 shares valued at roughly $252.1 million. Meanwhile, Foster Group sold off its entire stake by getting rid of 543 shares. BAILLIE GIFFORD & CO trimmed its position by 228,473 shares, leaving it with 6,471,615 shares worth $1,733,745,619.
AppLovin Corporation Stock Down 1.7%
AppLovin Corporation APP recently traded around $267.84 as of October 22, 2026, down about 1.7% since the filing date when the stock closed at $272.46. The share price sits well below its 52-week high of $738.01 and just above its 52-week low of $260.59.
Recent Earnings
AppLovin Corporation APP posted trailing-twelve-month revenue of $6.83 billion alongside earnings of $13.01 per share. The company reported a net profit margin of 64.6% and a return on equity of 203.7%. Its 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.
Dividend
AppLovin Corporation APP does not pay a dividend, maintaining a dividend payout ratio of 0.0%.
Insider Buying and Selling at AppLovin Corporation
Company insiders executed several transactions prior to the filing. Chief Executive Officer Arash Adam Foroughi sold 52,165 shares on June 12, 2026, in a transaction valued at $25,307,532. He followed that with another sale of 22,544 shares on the same day worth $11,158,868. Eduardo Vivas sold 163,910 shares on June 16, 2026, at an average price of $504.06 for a total value of $82,620,802.42 under a pre-arranged Rule 10b5-1 plan. Director Maynard George Webb Jr sold 3,076 shares on July 6, 2026, valued at $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 an Outperform rating while lowering its price target to $490.00 from $560.00. Morgan Stanley kept an Overweight rating on October 13, 2026, dropping its target from $450.00 to $400.00. Goldman Sachs maintained a Neutral rating on October 14, 2026, trimming its target to $400.00 from $465.00. Wedbush kept an Outperform rating on October 14, 2026, reducing its target from $610.00 to $560.00. Citigroup maintained a Buy rating on October 19, 2026, lowering its target from $600.00 to $500.00. Analysts overall hold a consensus Buy rating on the stock with a mean price target of $476.85 across 31 opinions.
About AppLovin Corporation
AppLovin Corporation APP builds artificial intelligence-powered software that helps businesses run and optimize digital advertising campaigns. The company operates advertising and app divisions to connect brands with audiences globally. Institutional adjustments like Quadrant's exit arrive as the company prepares for its upcoming quarterly financial update in November.
Bottom Line
Investors will look toward AppLovin Corporation's upcoming earnings release on November 4, 2026, for fresh details on revenue growth and profitability. Monitoring subsequent institutional filings will show whether other funds follow Quadrant Capital Group in reducing exposure to the stock.
Related Filing Alerts
Source: Quadrant Capital Group's 13F filing on $APP (Oct 20, 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