KKR Updates AppLovin Stake in SC 13G/A Filing
Ticker: APP · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1751008
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, private-equity, form-13g
TL;DR
**KKR just updated their AppLovin stock ownership, signaling their current position.**
AI Summary
KKR Denali Holdings L.P. and its affiliates, including KKR & Co. Inc., filed an amended SC 13G/A on February 12, 2024, indicating their ownership of AppLovin Corporation's Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous statement, updates their beneficial ownership, which is important for investors as KKR is a major private equity firm and changes in their holdings can signal their confidence in AppLovin's future performance.
Why It Matters
This filing shows KKR's continued, or potentially adjusted, significant stake in AppLovin, which can influence investor perception and the stock's stability given KKR's reputation.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a major institutional investor, not indicating any immediate negative or positive event.
Analyst Insight
Investors should note KKR's continued involvement with AppLovin, but this routine amendment doesn't provide new actionable insights beyond confirming their position as of December 31, 2023.
Key Numbers
- 0001140361-24-007019 — Accession Number (unique identifier for this specific SEC filing)
- 20240212 — Filing Date (the date this SC 13G/A was filed with the SEC)
- 20231231 — Date of Event (the date as of which the ownership information is reported)
- 03831W108 — CUSIP Number (identifies AppLovin Corporation's Class A Common Stock)
- 005-93370 — SEC File Number (identifies AppLovin Corporation's registration with the SEC)
Key Players & Entities
- KKR Denali Holdings L.P. (company) — the primary reporting person filing the SC 13G/A
- AppLovin Corporation (company) — the subject company whose Class A Common Stock is being reported
- KKR & Co. Inc. (company) — a group member associated with the reporting person
- George R. Roberts (person) — a group member associated with the reporting person
- Henry R. Kravis (person) — a group member associated with the reporting person
FAQ
Who filed this SC 13G/A amendment regarding AppLovin Corporation?
The SC 13G/A amendment was filed by KKR Denali Holdings L.P. and its associated group members, including KKR & Co. Inc., George R. Roberts, and Henry R. Kravis, as indicated in the 'FILED BY' and 'GROUP MEMBERS' sections of the filing.
What is the specific type of security reported in this filing?
The filing reports on 'Class A Common Stock, par value $0.00003 per share' of AppLovin Corporation, as stated under 'Title of Class of Securities'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed pursuant to?
This Schedule 13G is filed pursuant to Rule 13d-1(d), as indicated by the checked box '☒ Rule 13d-1(d)' on the cover page.
What is the CUSIP number for AppLovin Corporation's Class A Common Stock mentioned in the filing?
The CUSIP number for AppLovin Corporation's Class A Common Stock is 03831W108, as listed on the cover page of the filing.
Filing Stats: 3,128 words · 13 min read · ~10 pages · Grade level 11.1 · Accepted 2024-02-12 16:30:25
Key Financial Figures
- $0.00003 — ssuer) Class A Common Stock, par value $0.00003 per share (Title of Class of Securitie
Filing Documents
- ef20020503_sc13ga.htm (SC 13G/A) — 338KB
- 0001140361-24-007019.txt ( ) — 340KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 12, 2024 KKR DENALI HOLDINGS L.P. By: KKR Denali Holdings GP LLC, its general partner By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary KKR DENALI HOLDINGS GP LLC By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary KKR AMERICAS FUND XII L.P. By: KKR Associates Americas XII L.P., its general partner By: KKR Americas XII Limited, its general partner By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary KKR ASSOCIATES AMERICAS XII L.P. By: KKR Americas XII Limited, its general partner By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary KKR AMERICAS XII LIMITED By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary KKR GROUP PARTNERSHIP L.P. By: KKR Group Holdings Corp., its general partner By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary KKR GROUP HOLDINGS CORP. By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary KKR GROUP CO. INC. By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary KKR & CO. INC. By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary KKR MANAGEMENT LLP By: /s/ Christopher Lee Name: Christopher Lee Title: Assistant Secretary HENRY R. KRAVIS By: /s/ Christopher Lee Name: Christopher Lee Title: Attorney-in-fact GEORGE R. ROBERTS By: /s/ Christopher Lee Name: Christopher Lee Title: Attorney-in-fact EXHIBITS Exhibit Number Title 1 Joint Filing Agreement (filed as Exhibit 1 to the Schedule 13G/A filed on February 13, 2023 and incorporated herein by reference). 2 Powers of Attorney granted by Henry R. Kravis and George R. Roberts (filed as Exhibit 2 to the Schedule 13G filed on February 10, 2022