Applied Digital
APLD • NASDAQ
Applied Digital is a financial - capital markets company in the financial services sector on NASDAQ, led by Wesley Cummins, with a market cap of $9.8B. As of Q3 2025, 66% of shares are held by 355 institutional investors, with Hood River Capital Management LLC as the largest holder at 7.81%.
CEOWesley Cummins
Market Cap$9.8B
Financial - Capital Markets
Financial Services
Employees121.0
Websiteapplieddigital.com
Country
United States of America
Overview
Overview of institutional ownership in APLD as of Q3 2025 with a market cap of $6.2B
All Institutions
- Institutions
- 355
- Value Held
- $4.1B
- Shares Held
- 176.8M
- Avg Position
- $11.4M
- Median Position
- $564.1K
Hedge Funds
- Hedge Funds
- 44
- Value Held
- $586.6M
- Shares Held
- 25.6M
- Avg Position
- $13.3M
- Median Position
- $2.1M
Ownership Breakdown
Based on market cap of $6.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in APLD as of Q3 2025
| Institution | Position Value |
|---|---|
 Hood River Capital Management LLC Long Only Manager | $482.8M 5.70% of portfolio |
 BlackRock, Inc. Institution | $424.6M 0.01% of portfolio |
 VANGUARD GROUP INC Institution | $406.5M 0.01% of portfolio |
D D. E. Shaw & Co., Inc. Institution | $250.2M 0.22% of portfolio |
 NVIDIA CORP Institution | $177.0M 4.61% of portfolio |
J JANE STREET GROUP, LLC Institution | $165.1M 0.20% of portfolio |
S Situational Awareness LP Hedge Fund•Sector | $139.1M 6.77% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $137.2M 0.01% of portfolio |
 STATE STREET CORP Institution | $111.2M 0.00% of portfolio |
B BNP PARIBAS ARBITRAGE, SA Institution | $107.5M 0.09% of portfolio |
Net Capital Flow
Institutional buying and selling activity for APLD in Q3 2025
- Traded
- +$907.7M
- Buyers
- 247
- Sellers
- 107
- Total Bought
- +$1.3B
- Total Sold
- −$383.3M
- Avg Position
- $10.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
D D. E. Shaw & Co., Inc. Institution | +$250.2M +10.9M shares |
J JANE STREET GROUP, LLC Institution | +$165.1M +7.2M shares |
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | +$91.2M +4.0M shares |
BlackRock, Inc. Institution | +$86.3M +3.8M shares |
VANGUARD GROUP INC Institution | +$76.6M +3.3M shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$69.5M +3.0M shares |
T T. Rowe Price Investment Management, Inc. Insurance Manager | +$47.2M +2.1M shares |
 UBS Group AG Institution | +$42.5M +1.9M shares |
 WELLS FARGO & COMPANY/MN Institution | +$37.5M +1.6M shares |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | +$36.7M +1.6M shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 GOLDMAN SACHS GROUP INC Institution | −$64.6M −2.8M shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | −$57.6M −2.5M shares |
 VAN ECK ASSOCIATES CORP ETF Provider | −$55.1M −2.4M shares |
 MORGAN STANLEY RIA/Wealth | −$30.7M −1.3M shares |
Hood River Capital Management LLC Long Only Manager | −$18.6M −812.4K shares |
 TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy | −$14.5M −630.0K shares |
P PLUSTICK MANAGEMENT LLC Hedge Fund•Distressed | −$12.6M −550.0K shares |
B BNP PARIBAS ARBITRAGE, SA Institution | −$12.3M −534.0K shares |
S Situational Awareness LP Hedge Fund•Sector | −$12.1M −527.6K shares |
S Shellback Capital, LP Hedge Fund•Long/Short | −$9.1M −900.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited APLD in Q3 2025
- New Positions
- 84
- New Value
- $127.0M
- Exited Positions
- 36
- Exited Value
- $32.0M
New Positions
| Institution | Position Value |
|---|---|
T T. Rowe Price Investment Management, Inc. Insurance Manager | $47.2M 2.1M shares |
 NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager | $14.0M 610.2K shares |
 FIRST TRUST ADVISORS LP ETF Provider | $10.1M 440.2K shares |
 LORD, ABBETT & CO. LLC Long Only Manager | $9.1M 398.5K shares |
 Nicholas Investment Partners, LP Long Only Manager | $4.8M 208.9K shares |
G Gillson Capital LP Hedge Fund•Long/Short | $3.7M 160.6K shares |
 AGP FRANKLIN, LLC RIA/Wealth | $3.1M 136.8K shares |
S State of New Jersey Common Pension Fund D Institution | $3.1M 134.9K shares |
 Azora Capital LP Hedge Fund•Long/Short | $3.0M 130.8K shares |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | $3.0M 129.4K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
S Shellback Capital, LP Hedge Fund•Long/Short | $9.1M 900.0K shares |
 IMC-Chicago, LLC RIA/Wealth | $6.8M 677.1K shares |
T Two Seas Capital LP Hedge Fund•Event Driven | $5.0M 500.0K shares |
 Ardmore Road Asset Management LP Hedge Fund•Long/Short | $4.6M 453.4K shares |
 Bulltick Wealth Management, LLC RIA/Wealth | $1.9M 184.9K shares |
S Shay Capital LLC Institution | $1.0M 99.5K shares |
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant | $381.5K 37.9K shares |
$355.9K 35.3K shares | |
O Optiver Holding B.V. Institution | $310.3K 30.8K shares |
 MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth | $303.1K 30.1K shares |
Options Activity
Institutions with the largest Call and Put options positions in APLD as of Q3 2025
- Call Positions
- 34
- Call Value
- $739.6M
- Put Positions
- 32
- Put Value
- $461.0M
Call Positions
| Institution | Position Value |
|---|---|
J JANE STREET GROUP, LLC Institution | $191.2M 83.4K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $181.5M 79.1K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $117.4M 51.2K contracts |
N NOMURA HOLDINGS INC Institution | $114.7M 50.0K contracts |
P PEAK6 LLC Institution | $34.4M 15.0K contracts |
W WOLVERINE TRADING, LLC Institution | $22.3M 10.1K contracts |
D D. E. Shaw & Co., Inc. Institution | $18.8M 8.2K contracts |
 Walleye Trading LLC RIA/Wealth | $15.8M 6.9K contracts |
UBS Group AG Institution | $11.5M 5.0K contracts |
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage | $6.1M 2.6K contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $118.3M 51.6K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $108.2M 47.2K contracts |
J JANE STREET GROUP, LLC Institution | $52.9M 23.1K contracts |
WELLS FARGO & COMPANY/MN Institution | $36.7M 16.0K contracts |
Walleye Trading LLC RIA/Wealth | $23.2M 10.1K contracts |
P PEAK6 LLC Institution | $15.6M 6.8K contracts |
B BIT Capital GmbH Institution | $13.8M 6.0K contracts |
W WOLVERINE TRADING, LLC Institution | $12.7M 5.7K contracts |
 BANK OF AMERICA CORP /DE/ Institution | $12.1M 5.3K contracts |
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage | $10.3M 4.5K contracts |
Most Committed Institutions
Institutions with APLD as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
B B. Riley Asset Management, LLC Hedge Fund•Long/Short | 95.23% $37.4M |
P PLUSTICK MANAGEMENT LLC Hedge Fund•Distressed | 15.78% $37.6M |
C CLEARFIELD CAPITAL MANAGEMENT LP Hedge Fund•Long/Short | 7.54% $12.6M |
S Situational Awareness LP Hedge Fund•Sector | 6.77% $139.1M |
Hood River Capital Management LLC Long Only Manager | 5.70% $482.8M |
O Oasis Management Co Ltd. Institution | 5.23% $23.7M |
NVIDIA CORP Institution | 4.61% $177.0M |
V Vennlight Capital Management, LP Hedge Fund•Long/Short | 3.73% $2.9M |
 Hunter Associates inc. RIA/Wealth | 1.73% $11.5M |
AGP FRANKLIN, LLC RIA/Wealth | 1.53% $3.1M |
Hedge Fund Spotlight
Discover hedge funds investing in APLD
ExodusPoint Capital Management, LP
Hedge Fund • Multi-Strategy
Portfolio ManagerMichael Robert Gelband
- Portfolio Value
- $7.1B
- Positions
- 1,352
- Last Reported
- Q3 2025
Sector Allocation
Position in Applied Digital
- Market Value
- $1.5M
- Shares Held
- 66.9K
- Portfolio Weight
- 0.02%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Consumer Electronics Technology | $306.1M | 4.29% | |
Regulated Electric Utilities | $103.0M | 1.44% | |
Semiconductors Technology | $79.9M | 1.12% |
