APP ranks #242 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
APP is a top-conviction position for Kensico Capital Management CORP — at 28.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in APP belongs to BlackRock, Inc., but the position matters far more to Kensico Capital Management CORP, who has 28.1% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Vontobel Holding Ltd. has added to its APP position for two straight quarters, increasing it by $4.6M to reach $17.1M today.
Zevenbergen Capital Investments LLC has trimmed its APP position for two straight quarters, cutting it by $65.2M while still holding $2.6M.
APP is down 4.7% today, but institutions show net buying of $57.6B this quarter — a divergence between today's price move and the underlying institutional flow.