Institutional Investors Trim Stakes in AppLovin and MasterBrand
Janus Henderson Group PLC reduced its holding in AppLovin Corporation by about 44% during the first quarter, selling roughly 1.43 million shares. After the sale the fund retained 1.82 million shares, representing about 0.54% of the mobile‑advertising firm and valued at roughly $718 million.
RBF Capital LLC cut its position in MasterBrand, Inc. by 63.1% in the same period, disposing of 239,533 shares. The hedge fund now owns about 140,000 shares, or 0.11% of the consumer‑goods company, worth approximately $1.2 million. Other institutional investors have been adjusting positions in both companies, with several funds increasing their stakes in AppLovin and MasterBrand during recent quarters.
Entities: Apollo Global Management Inc. · AppLovin Corporation · Cetera Investment Advisers · James H. Litinsky · Janus Henderson Group PLC · MP Materials Corp. · Martin Marietta Materials Inc. · MasTec Inc. · MasterBrand, Inc. · RBF Capital LLC · RDST Capital LLC · Rokos Capital Management LLP
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Cetera Investment Advisers bought 19,668 shares of Apollo Global Management in Q1, raising its total to 116,007 shares. (9aeaa2f9-8fac-4133-a7aa-77c85d65f68b)
- [○ 1 SOURCE] Cetera's Apollo holding was valued at $12,926,000 in the latest SEC filing. (9aeaa2f9-8fac-4133-a7aa-77c85d65f68b)
- [○ 1 SOURCE] Cetera Investment Advisers sold 31,826 shares of MP Materials in Q1, leaving a holding of 253,938 shares. (1386eaf6-01b4-48be-ac1a-186a71b8e69e)
- [○ 1 SOURCE] MP Materials CEO James H. Litinsky sold 234,651 shares on May 28 at an average price of $65.87, total $15,456,461. (1386eaf6-01b4-48be-ac1a-186a71b8e69e)
- [○ 1 SOURCE] After the sale, James H. Litinsky owned 11,855,965 shares of MP Materials, valued at $780,952,414. (1386eaf6-01b4-48be-ac1a-186a71b8e69e)
- [○ 1 SOURCE] Institutional investors own 77.06% of Apollo Global Management's stock. (9aeaa2f9-8fac-4133-a7aa-77c85d65f68b)
- [○ 1 SOURCE] Cetera's MP Materials stake represented 0.14% of the company, valued at $12,255,000. (1386eaf6-01b4-48be-ac1a-186a71b8e69e)