From Yahoo Finance: 2025-05-28 09:47:00

Sands Capital Management released its Q1 2025 investor letter for its Technology Innovators Fund, which returned -10.4% compared to a benchmark return of 9.4%. The fund focuses on pioneering tech businesses globally and the software sector negatively impacted relative performance. Check the top 5 holdings for insights into its 2025 picks.

AppLovin Corporation (NASDAQ:APP) was highlighted in Sands Capital’s Q1 2025 letter, with a one-month return of 41.44% and a 52-week gain of 354.06%. On May 27, 2025, the stock closed at $380.91 per share, with a market cap of $128.895 billion. Sands Capital sees the recent stock price decline as unfounded due to app-install manipulation allegations.

AppLovin Corporation (NASDAQ:APP) is not among the 30 most popular stocks among hedge funds, but 96 hedge fund portfolios held the stock at the end of Q1 2025. The company’s revenue surged 40% from Q1 2024 to $1.5 billion. While AppLovin has potential, Sands Capital believes AI stocks offer greater returns within a shorter timeframe.

In another article, AppLovin Corporation (NASDAQ:APP) was analyzed for long-term investment potential. Carillon Eagle Mid Cap Growth Fund also discussed the stock in its Q1 2025 investor letter, attributing the decline to short sellers’ reports. Visit the hedge fund investor letters Q1 2025 page for more insights from leading investors.



Read more at Yahoo Finance: Sands Capital Technology Innovators Fund Added AppLovin (APP) on a Dip