Terry Smith's Fundsmith reported 697K shares of Applovin Corp (APP) for the first time in 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026. At quarter-end prices the stake was worth about $358.9M, or 2.63% of the reported portfolio. APP enters the book as the 20th largest of 41 stock positions.
What did the 2026 Q2 filing report for APP?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Shares | 697K |
| Reported value | $358.9M |
| Portfolio weight | 2.63% |
| Rank in portfolio | 20th of 41 |
How big is the new APP position?
Terry Smith opened 13 stock positions in 2026 Q2; APP is the 6th largest of them by weight. An average stock position in the Terry Smith portfolio is 2% of the reported value, so the new name starts at about the fund's typical size.
Where does APP sit in the Terry Smith portfolio?
APP ranks 20th of 41 stock positions in the Terry Smith portfolio at 2.63%, about the fund's average stock position of 2%. The largest stock position is MAR at 7.02%. Next come SYK at 6.72% and WAT at 6.25%. The three largest stocks together are 19.99% of the book. The APP purchase was the 13th largest of the quarter's 44 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Terry Smith reported 41 stock positions, with 13 opened and 6 closed. The total portfolio value is about $13.6B, up 6% from the prior quarter.
Has Terry Smith held APP before?
Terry Smith has not reported APP before in the filings we track. Our data starts with the quarter ended June 30, 2013.
Did other funds buy or sell APP in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 2 hold APP. One other tracked fund sold out of it. The largest buyer of APP this quarter was Pat Dorsey. The largest sellers were Stephen Mandel and Chase Coleman III. Every tracked holder of APP is on the APP ownership page.
FAQ
How many APP shares does Terry Smith hold?
Terry Smith holds 697K shares of APP as of June 30, 2026, worth about $358.9M.
What is APP's weight in the Terry Smith portfolio?
APP is 2.63% of the Terry Smith portfolio and ranks 20th of 41 stocks by weight.
Has Terry Smith owned APP before?
No. Terry Smith has not reported APP before in the filings we track, which start with the quarter ended June 30, 2013.
How many other tracked funds hold APP?
2 other tracked funds that had filed for 2026 Q2 hold APP.