SCHEDULE: FMR LLC Discloses 5.1% Stake in AppLovin Corp

FMR LLC, through its affiliates, has reported beneficial ownership of 5.1% of AppLovin Corp's Class A Common Stock as of March 31, 2026.

Summary

• FMR LLC and its affiliates, including Abigail P. Johnson, have filed a Schedule 13G indicating beneficial ownership of 15,691,413.93 shares of AppLovin Corp's Class A Common Stock.
• This holding represents 5.1% of the total outstanding Class A Common Stock.
• The filing date for this event is March 31, 2026.
• FMR LLC is classified as an investment adviser (IA) and a holding company.
• Abigail P. Johnson is identified as a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates a significant investment by a major financial institution, but provides no new operational or financial performance data for AppLovin Corp.

Positives

• FMR LLC, a significant investment management entity, has taken a notable stake in AppLovin Corp, suggesting confidence in the company's prospects.
• The filing indicates that FMR LLC has sole dispositive power over the reported shares, allowing for flexibility in managing this investment.

Negatives

• The filing does not contain specific financial performance data for AppLovin Corp, focusing solely on ownership disclosure.

Risks

• As a Schedule 13G filing, it indicates passive investment, but any shift to an active role could signal changes in control or strategy, potentially impacting the stock.
• The concentration of ownership within the Johnson family and their voting agreement for FMR LLC could lead to concentrated decision-making power.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding AppLovin Corp's future performance.

Management Comments

• FMR LLC and its subsidiaries, along with Abigail P. Johnson, are jointly filing this Schedule 13G.
• The filing reflects securities beneficially owned, or that may be deemed to be beneficially owned, by the FMR Reporters.
• Members of the Johnson family may be deemed to form a controlling group with respect to FMR LLC due to their ownership of voting common shares and a shareholders' voting agreement.

Industry Context

StockSavvy.ai notes that significant institutional ownership, as indicated by this Schedule 13G filing from FMR LLC, often signals investor confidence and can influence market perception of AppLovin Corp within the competitive digital advertising and gaming technology sectors.

Stakeholder Impact

• Shareholders: The increased institutional interest may be viewed positively, potentially leading to greater market liquidity and analyst coverage.
• Management: The filing confirms a significant passive investor, which could influence board dynamics if ownership levels change or if the investor becomes more active.

Next Steps

• Monitor future filings from FMR LLC and other institutional investors for any changes in ownership or investment strategy.
• Analyze AppLovin Corp's subsequent financial reports and operational updates to understand the performance driving institutional interest.

Key Dates

Keywords

AppLovin Corp, FMR LLC, Schedule 13G, Class A Common Stock, Beneficial Ownership, Investment Management, Securities Filing, Abigail P. Johnson