California Public Employees Retirement System 13F: Adds $12M to APP Stake
The large public pension fund lifted its investment in AppLovin Corporation by 5.2%, picking up 24,004 additional shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
California Public Employees Retirement System added 24,004 shares to its stake in AppLovin Corporation ($APP), a 5.17% increase, according to a 13F filing with the SEC dated May 6, 2026. It reported 488,574 shares worth $252.13 million at the end of the quarter.
Since the filing, $APP is down 3.3% after 1 week, up 18.9% after 1 month and down 43.2% to date (from the $468.83 close on May 6, 2026).
Find the original: California Public Employees Retirement System 13F filings on SEC EDGAR
APP
AppLovin Corporation
Key Points
- The California Public Employees Retirement System boosted its AppLovin Corporation stake by 5.2% to hold 488,574 shares.
- The updated position was revealed in a Form 13F filed with the SEC covering holdings as of the reporting period.
- AppLovin shares trade with a trailing P/E ratio of 21.5 alongside a forward P/E ratio of 13.6.
Get $APP trade alerts by text
We text you when insiders, Congress or big funds trade $APP. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated AppLovin Corporation alert may contain errors. Disclosures
CalPERS Expands AppLovin Holdings
The California Public Employees Retirement System grew its investment in AppLovin Corporation (NasdaqGS: APP) during the period, adding 24,004 shares to its portfolio according to its latest Form 13F filing with the SEC. Because 13F filings look backward at holdings from the close of a specific quarter, this update reflects the fund's position at that time and may not represent its current holdings today.
California Public Employees Retirement System vs. the S&P 500
Hypothetical returns from California Public Employees Retirement System's disclosed trades, not real profit or advice. How we model this.
Details on the Position Change
The pension fund lifted its stake by 5.2%, moving from 464,570 shares up to 488,574 shares. The added shares brought the reported value of the fund's total position to roughly $252.1 million based on the underlying valuation metrics.
AppLovin Stock Valuation and Market Context
AppLovin shares change hands with a trailing P/E ratio of 21.5 and a forward P/E ratio of 13.6. The company operates with a market capitalization of roughly $93.8 billion and a beta of 2.6, pointing to notable price swings compared to the wider market.
Insider Buying and Selling at AppLovin Corporation
On June 16, 2026, insider Eduardo Vivas sold 163,910 shares of AppLovin at an average price of $504.06. The sale total reached roughly $82.6 million and was executed under a pre-arranged Rule 10b5-1 trading plan. Insider sales often reflect personal portfolio management rather than a directional view on the company.
Wall Street Analyst Coverage
Wall Street firms have kept a close eye on the software platform, with several adjusting their price targets recently. On October 14, 2026, Goldman Sachs maintained a neutral rating while lowering its price target to $400.00 from $465.00. On the same day, Wedbush maintained an outperform rating and adjusted its price target to $560.00 from $610.00. Morgan Stanley kept an overweight rating on October 13, 2026, moving its target to $400.00 from $450.00, while Oppenheimer kept an outperform rating with a target of $490.00 on October 12, 2026. Jefferies maintained a buy rating on October 8, 2026, setting a target of $375.00, and Needham reiterated a buy rating at $475.00 on October 6, 2026.
What AppLovin Does
AppLovin Corporation builds artificial intelligence-powered marketing tools and advertising software for mobile app developers and businesses. Its platforms help clients automate ad campaigns, optimize bidding auctions, and measure digital reach across multiple channels.
Looking Ahead for Investors
Investors tracking institutional moves and portfolio updates should look ahead to the company's next earnings report scheduled for November 4, 2026, for updated financial figures. Regulatory filings will continue to provide a window into how large pensions and asset managers adjust their stakes over time.
Related Filing Alerts
Source: California Public Employees Retirement System's 13F filing on $APP (May 6, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California Public Employees Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts