This article first appeared on GuruFocus .
CGGO led the ETF selling in AppLovin ( APP ) on Tuesday, Nov. 3, as ETFs posted a net outflow of $42.6 million. More funds traded the other way, with 27 ETFs buying against 14 selling, but in smaller amounts. The move followed a net inflow of $13.2 million on Nov. 2 and a net outflow of $1.5 million on Oct. 30. ETF activity in the stock has now been net negative for one straight day.
See all ETF and guru trades in APP on its APP guru trades page .
Which ETFs sold APP on Tuesday?
The largest sellers by dollar value were CGGO ($27.3 million), XLC ($19.4 million) and QLD ($2.1 million). In all, 27 ETFs added shares and 14 cut them.
| ETF |
Shares changed |
Value |
Weight in ETF |
|---|---|---|---|
| -111,192 |
-$27.3M |
0.51% |
|
| -78,936 |
-$19.4M |
4.15% |
|
| -8,568 |
-$2.1M |
0.34% |
|
| -1,131 |
-$0.3M |
0.10% |
|
| -1,100 |
-$0.3M |
0.18% |
|
| -1,038 |
-$0.3M |
1.69% |
|
| -405 |
-$0.1M |
0.19% |
|
| -336 |
-$0.1M |
0.71% |
CGGO cut 111,192 shares, a $27.3 million reduction equal to 31.78% of its stake, and XLC trimmed 78,936 shares for $19.4 million, a 2.16% cut, while holding 3,568,840 shares at a 4.15% weight. QLD sold 8,568 shares for $2.1 million, and SSO , IWF , QQEW , SPYG and GARP each shed small amounts. AppLovin sits in the Communication Services sector and the Advertising Agencies industry with a market cap of $90.9 billion.
Have ETFs been buying or selling APP lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
| Date |
Net value |
Buying |
Selling |
|---|---|---|---|
| Nov. 3 |
-$42.6M |
27 |
14 |
| Nov. 2 |
$13.2M |
31 |
17 |
| Oct. 30 |
-$1.5M |
32 |
15 |
| Oct. 29 |
-$17.5M |
22 |
20 |
| Oct. 28 |
$19.8M |
22 |
12 |
What does APP do?
AppLovin operates an AI-powered advertising platform that matches advertisers with mobile users at massive scale.
AppLovin reported $6.83 billion in trailing-12-month revenue, up 63.5% over one year, with gross and net margins of 87.7% and 64.6%. Its P/E is 20.89, P/B 28.81 and P/S 13.49. The GF Score is 84, and GF Value of $616.06 compares with a price of $271.75. The stock's year-to-date return is -59.67%.
APP at a glance
| Measure |
Value |
|---|---|
| Price |
$271.75 |
| Market cap |
$90.90B |
| Revenue (trailing 12 months) |
$6.83B |
| Revenue growth (1 year) |
+63.5% |
| Gross margin |
87.7% |
| Net margin |
64.6% |
| P/E |
20.89 |
| P/B |
28.81 |
| P/S |
13.49 |
| 84/100 |
|
| GF Value |
$616.06 |
| Year-to-date return |
-59.67% |
For a closer look, open the APP stock summary , its GF Value chart and insider buying and selling .
What should investors watch next for APP?
Watch whether the net selling extends beyond a single day, given the alternating flows of the past week.
Based on ETF holdings changes reported for Nov. 3, 2026.
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