GQG Partners Discloses 22,823 Shares in AppLovin Corp

TL;DR

**GQG Partners just revealed a new, passive stake in AppLovin, signaling institutional confidence.**

AI Summary

GQG Partners LLC, a Delaware-based investment firm, reported on February 12, 2024, that it beneficially owns 22,823 shares of AppLovin Corporation's Class A Common Stock as of December 31, 2023. This filing indicates GQG Partners LLC holds a significant, but passive, stake in AppLovin, signaling their confidence in the company's future without seeking to influence management. For investors, this means a large institutional investor sees value in AppLovin, which can be a positive signal, but it doesn't imply any immediate changes to the company's operations or strategy.

Why It Matters

This filing shows a major institutional investor, GQG Partners LLC, has taken a passive stake in AppLovin, which can be interpreted as a vote of confidence in the company's stock.

Risk Assessment

Risk Level: low — This is a routine disclosure of a passive investment, indicating no immediate risks or changes to the company's control.

Analyst Insight

A smart investor would view this as a positive signal of institutional confidence in AppLovin, but should still conduct their own due diligence before making investment decisions, as this is a passive stake.

Key Numbers

• 22,823 — Shares Beneficially Owned (Represents the total number of AppLovin Class A Common Stock shares held by GQG Partners LLC.)
• 12/31/2023 — Date of Event (The specific date as of which GQG Partners LLC's ownership stake is being reported.)

Key Players & Entities

• GQG Partners LLC (company) — the reporting person and investment firm
• AppLovin Corporation (company) — the subject company whose shares are being reported
• 22,823 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (date) — date of the event requiring the filing
• Delaware (company) — place of organization for GQG Partners LLC

Forward-Looking Statements

• AppLovin's stock price may see a slight positive sentiment boost due to institutional interest. (AppLovin Corporation) — medium confidence, target: short-term

FAQ

Filing Documents

• formsc13g.htm (SC 13G) — 26KB
• 0001062993-24-002849.txt ( ) — 27KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: 25,689,782 (b) Percent of Class: 9.71% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 22,823,957 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 25,689,782 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. The clients of GQG Partners LLC, including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Not Applicable

Identification and classification of members of the group. Not Applicable

Item 8. Identification and classification of members of the group. Not Applicable

Notice of Dissolution of Group. Not Applicable

Item 9. Notice of Dissolution of Group. Not Applicable

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 07, 2024 /s/ Salvatore DiGangi Salvatore DiGangi Chief Compliance Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5

View Full Filing

View this SC 13G filing on SEC EDGAR