The coordinated buying by three large passive managers suggests strong confidence in APLD’s fundamentals or index inclusion momentum. Traders should monitor for follow-on retail or active institutional interest, especially if the company reports strong earnings or expands data center/AI infrastructure operations.
Executive Summary
Three major passive institutional investors — Morgan Stanley, Wells Fargo, and Schwab — significantly increased their positions in Applied Digital Corp. (APLD) during Q4 2024, collectively adding $20.7M in new holdings. Morgan Stanley doubled its stake, driving the largest value increase, while Schwab added $6.3M in new exposure. No tracked institutions reduced positions.
Key Financial Metrics
Institutional Positions
Net institutional flow: $20.7M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | DOUBLED | +310.8% | $18.9M | $13.9M |
| Schwab | ADD | +100% | $13.7M | $6.3M |
| Wells Fargo | ADD | +96.6% | $917.0K | $413.0K |
Key Facts
- Morgan Stanley DOUBLED its stake in APLD, increasing holdings by 1.87M shares (310.8%) with a value increase of $13.9M (from $5.0M to $18.9M).
- Schwab added $6.3M in new value, increasing shares by 100% (899.1K additional shares).
- Wells Fargo increased its position by 96.6%, adding $413K in value.
- No institutional selling was reported among tracked funds.
Financial Impact
3 institutions accumulated $20.7M in net new positions during Q4 2024
Risk Factors
- The cluster is composed entirely of passive investors, which may reflect index rebalancing rather than fundamental conviction.
- APLD remains a relatively small-cap stock ($7.6B market cap), making it vulnerable to volatility if institutional flows reverse.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-APLD-2024-Q4 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 27, 2026 9w ago | 8-K | $26.62 $28.85 | ▲ +8.38% | ▲ +5.00% | — |
Jun 26, 2026 13w ago | 8-K | $37.77 $27.19 | ▼ −28.01% | ▼ −27.73% | — |
Jun 16, 2026 15w ago | 8-K | $45.57 $26.44 | ▼ −41.98% | ▼ −43.30% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $42.70 $31.15 | ▼ −27.05% | ▼ −28.83% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $41.47 $32.29 | ▼ −22.14% | ▼ −24.03% | — |
Jun 9, 2026 16w ago | 8-K | $41.91 $30.71 | ▼ −26.72% | ▼ −28.17% | — |
May 5, 2026 21w ago | 8-K | $44.24 $44.71 | ▲ +1.06% | ▼ −1.72% | — |
Apr 27, 2026 22w ago | Insider Cluster | $33.67 $45.14 | ▲ +34.07% | ▲ +29.11% | — |
Apr 23, 2026 23w ago | 8-K | $36.35 $39.52 | ▲ +8.72% | ▲ +4.09% | — |
Apr 23, 2026 23w ago | Press Release | $36.35 $39.52 | ▲ +8.72% | ▲ +4.09% | — |
US Market Status
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