California State Teachers Retirement System 13F: Cuts APP Stake by $4.9M

California State Teachers Retirement System Reduces Stake in AppLovin

The California State Teachers Retirement System trimmed its position in AppLovin Corporation (NasdaqGS: APP) by 9,478 shares, now holding a total of 349,227 shares valued at approximately $180.2 million as of May 18, 2026. This move reflects a 2.64% decrease in its stake in the company.

Other Funds Adjust Positions in AppLovin

In recent weeks, other institutional investors have also made adjustments to their holdings in AppLovin. For example, TD Asset Management boosted its stake by 24.4%, reaching a total of 447,808 shares. Meanwhile, the California Public Employees Retirement System increased its stake by 5.17%, now holding 488,574 shares. These changes indicate ongoing interest in AppLovin despite varying strategies among large holders.

How AppLovin Corporation Stock Has Traded

On the day this article was published, AppLovin shares were trading at $516.06, which is well above its 52-week low of $260.99. The stock has shown strong performance recently, reflecting investor confidence in its growth potential despite the recent trimming of positions by some large investors.

Analysts Set New Price Targets

As of October 14, 2026, several analysts have maintained their ratings on AppLovin. Goldman Sachs has a 'Neutral' rating with a price target of $400, while Wedbush keeps its 'Outperform' rating with a target of $560. Morgan Stanley also maintains an 'Overweight' rating, adjusting its target to $400. Overall, the consensus remains positive, with a mean price target of $475 based on 31 analyst opinions.

Insider Buying and Selling at AppLovin Corporation

Eduardo Vivas, an insider at AppLovin, sold 163,910 shares on June 16, 2026, at an average price of $504.06 per share, totaling approximately $82.6 million. This sale was part of a planned transaction and does not necessarily indicate negative sentiment towards the company.

What AppLovin Corporation Does

AppLovin Corporation provides advertising solutions powered by artificial intelligence for businesses in the U.S. and abroad. It operates in two segments: Advertising and Apps, offering a range of tools to help developers manage their marketing efforts. This recent position adjustment by the California State Teachers Retirement System comes as the company continues to evolve in the competitive advertising landscape.

What’s Next for AppLovin

Looking ahead, AppLovin is set to report its next earnings on November 4, 2026. As a reminder, the recent 13F filing reflects the fund's holdings as of the reporting period and may not represent their current position. Investors will be watching closely to see how AppLovin performs in its upcoming earnings report and how other institutional investors might adjust their positions in the future.