In a recent 13F filing, it was revealed that Pat Dorsey's firm, Dorsey Asset Management, significantly increased its investment in ad-tech company AppLovin (APP) during the second quarter of 2026. The filing, which discloses positions held as of June 30, 2026, shows the firm raised its stake by over 38% to 439,31K shares. This transaction increased AppLovin's weight in the portfolio to 14.50%.
As with all 13F filings, this information reflects a snapshot from the end of the previous quarter and does not represent a real-time trade. The disclosure comes after AppLovin reported strong financial results for the second quarter, including a 53% year-over-year increase in revenue. No specific commentary from Dorsey on the motive for this increased investment has been made public.