RAPP ranks #3496 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
RAPP is a top-conviction position for Trv Gp V, LLC — at 52.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in RAPP belongs to FMR LLC, but the position matters far more to Trv Gp V, LLC, who has 52.5% 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.
Fidelity has added to its RAPP position for two straight quarters, increasing it by $83.1M to reach $298.9M today.
Alliancebernstein L.p. has trimmed its RAPP position for two straight quarters, cutting it by $2.2M while still holding $21.7M.
RAPP is down 4.1% today, but institutions show net buying of $22.3M this quarter — a divergence between today's price move and the underlying institutional flow.