APP ranks #242 out of 37501 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.
Capital International Investors has added to its APP position for two straight quarters, increasing it by $868.4M to reach $1.5B today.
Wcm Investment Management, LLC has trimmed its APP position for two straight quarters, cutting it by $1.4B while still holding $1.9B.
APP is up 2.3% today, and institutions have been net buyers of $57.5B this quarter — today's price move and the underlying institutional flow are pointing the same direction.