Hontai App Fund Amends AppLovin Stake, Remains Passive Investor

Ticker: APP · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1751008

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Hontai App Fund still holds AppLovin stock, no activist moves planned.**

AI Summary

Hontai App Fund Limited Partnership, along with group members Hontai Capital Cayman Inc. and Yunjoy Capital Cayman Inc., filed an amended SC 13G/A on February 8, 2024, disclosing their ownership of AppLovin Corporation's Class A common stock as of December 31, 2023. This filing indicates a passive investment, meaning they don't intend to influence management. For investors, this matters because it confirms a significant institutional holder maintains its position, potentially signaling confidence in AppLovin's long-term prospects without any immediate activist pressure.

Why It Matters

This filing confirms a major institutional investor's continued, passive stake in AppLovin, which can be a positive signal for market stability and investor confidence.

Risk Assessment

Risk Level: low — The filing indicates a passive investment, suggesting no immediate disruptive actions from this significant shareholder.

Analyst Insight

An investor should note that a significant institutional holder is maintaining a passive position in AppLovin, suggesting no immediate changes in their investment strategy or intent to influence company operations. This could be a minor positive for stability but doesn't signal any new catalysts.

Key Players & Entities

FAQ

Who filed this SC 13G/A amendment?

The SC 13G/A amendment was filed by Hontai App Fund Limited Partnership, as indicated in the 'NAME OF REPORTING PERSONS' section on page 2 of 7.

What company's stock is the subject of this filing?

The subject company is AppLovin Corporation, specifically its Class A common stock, as stated under 'Name of Issuer' on page 1 of 7.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of 7 under 'Date of Event Which Requires Filing of this Statement'.

Are there any other entities grouped with the primary reporting person?

Yes, the filing lists Hontai Capital Cayman Inc. and Yunjoy Capital Cayman Inc. as 'GROUP MEMBERS' in the header information, indicating they are associated with the reporting person.

What type of security is being reported in this filing?

The security being reported is 'Class A common stock, par value US$0.00003 per share' of AppLovin Corporation, as detailed under 'Title of Class of Securities' on page 1 of 7.

Filing Stats: 1,090 words · 4 min read · ~4 pages · Grade level 9.4 · Accepted 2024-02-08 16:06:52

Key Financial Figures

Filing Documents

From the Filing

SC 13G/A 1 d773455dsc13ga.htm SC 13G/A SC 13G/A SCHEDULE 13G Page 1 of 7 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) * AppLovin Corporation (Name of Issuer) Class A common stock, par value US$0.00003 per share (Title of Class of Securities) 03831W108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provision of the Act (however, see the Notes.) SCHEDULE 13G CUSIP No. 03831W108 Page 2 of 7 Pages 1. NAME OF REPORTING PERSONS. Hontai App Fund Limited Partnership 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0 12. TYPE OF REPORTING PERSON (See Instructions) PN SCHEDULE 13G CUSIP No. 03831W108 Page 3 of 7 Pages 1. NAME OF REPORTING PERSONS. Hontai Capital Cayman Inc. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0 12. TYPE OF REPORTING PERSON (See Instructions) CO SCHEDULE 13G CUSIP No. 03831W108 Page 4 of 7 Pages 1. NAME OF REPORTING PERSONS. Yunjoy Capital Cayman Inc. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0 12. TYPE OF REPORTING PERSON (See Instructions) CO SCHEDULE 13G CUSIP No. 03831W108 Page 5 of 7 Pages This Amendment No. 1 to Schedule 13G relates to the Class A common stock, par value US$0.00003 per share ( Class A Common Stock ) of AppLovin Corporation (the Issuer ), and amends and restates the Schedule 13G in its entirety previously filed by the reporting persons named herein with the Securities and Exchange Commission on February 14, 2022. Iteml(a) Name of Issuer AppLovin Corporation Iteml(b) Address of Issuers Principal Executive Offices 1100 Page Mill Road Palo Alto, California 94304 Item2(a) Name of Persons Filing Hontai App Fund Limited Partnership (Hontai App Fund) Hontai Capital Cayman Inc (Hontai Capital) Yunjoy Capital Cayman Inc. (Yunjoy Capital) Item2(b) Address of Principal Business Office or, if none, Residence The address of each of Hontai App Fund, Hontai Capital and Yunjoy Capital is as follows: c/o 2nd Floor, Strathvale House, 90 North Church Street, P.O. Box 1103, George Town, Grand Cayman KY1-1102, Cayman Islands Item2(c) Citizenship Hontai App Fund Cayman Islands Hontai Capital Cayman Islands Yunjoy Capital Cayman Islands Item2(d) Title of Class of Securities Class A Common Stock, par value US$0.00003 per share Item2(e) CUSIP Number 03831W108 Item3 If this statement in filed pursuant to 240.13d-l(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. Item4 SCHEDULE 13G CUSIP No. 03831W108 Page 6 of 7 Pages reference

View Full Filing

View this SC 13G/A filing on SEC EDGAR

View on Read The Filing