APLDNasdaqServices-Computer Processing & Data PreparationFiscal year ends May 31
Applied Digital Corp.
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 7, 2026
$19.25+1.20 (+6.65%)
Close on Oct 19, 2026
- Market cap
- $5.61B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
73.6%
215M of 291M shares
Institutional holders
565
175 new, 62 sold out
Net institutional buying
18M
In Q2 2026
Insider trades, 12 months
0 buys · 20 sales
Net sold $24.31M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Wesley Cummins | 22,042,487 | 7.60% | 13D (active) amendment | Jul 7, 2026 |
| Hood River Capital Management LLC | 22,037,431 | 7.89% | 13G (passive) amendment | Dec 31, 2025 |
| Jane Street Group, LLC | 20,886,105 | 7.10% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of APLD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Hood River Capital Management LLC | 22,518,887 | 7.73% | $839.95M | −556,725 | 6.09% |
| Situational Awareness LP | 15,384,616 | 5.28% | $469.02M | +1,906,178 | 2.32% |
| Vanguard Portfolio Management LLC | 13,728,812 | 4.71% | $512.08M | −1,078,983 | 0.02% |
| BlackRock, Inc. | 13,375,070 | 4.59% | $498.89M | −7,521,031 | 0.01% |
| Vanguard Capital Management LLC | 11,555,819 | 3.96% | $431.03M | +780,138 | 0.01% |
| Two Sigma Investments, LP | 10,299,117 | 3.53% | $384.16M | +8,706,515 | 0.28% |
| Equitec Proprietary Markets, LLC | 8,373,964 | 2.87% | $312.35M | New | 55.84% |
| Goldman Sachs Group Inc | 6,980,959 | 2.40% | $260.39M | −1,023,407 | 0.02% |
| Dba Trading, LLC | 5,576,235 | 1.91% | $132.38M | – | 66.54% |
| Value Aligned Research Advisors, LLC | 5,546,030 | 1.90% | $206.87M | −1,122,281 | 0.52% |
| Oasis Management Co Ltd. | 5,007,317 | 1.72% | $186.77M | +3,974,500 | 9.95% |
| Geode Capital Management, LLC | 4,877,618 | 1.67% | $221.67M | −1,533,841 | 0.01% |
| State Street Corp | 4,482,378 | 1.54% | $167.20M | −1,086,150 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,516,146 | 1.21% | $131.15M | +517,162 | 0.16% |
| Bnp Paribas Arbitrage, Snc | 3,278,874 | 1.12% | $122.30M | −155,182 | 0.04% |
| Norges Bank | 3,088,677 | 1.06% | $115.21M | New | 0.01% |
| D. E. Shaw & Co., Inc. | 3,033,821 | 1.04% | $113.16M | −365,120 | 0.05% |
| Voloridge Investment Management, LLC | 3,033,280 | 1.04% | $113.14M | +2,949,313 | 0.48% |
| Morgan Stanley | 2,947,256 | 1.01% | $109.93M | +44,117 | 0.01% |
| UBS Group AG | 2,884,430 | 0.99% | $107.59M | −1,616,457 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 565 | 215M | 73.6% | 175 / 163 | 165 / 62 | 55M | 37M |
| Q1 2026 | 459 | 211M | 72.5% | 98 / 172 | 129 / 68 | 78M | 23M |
| Q4 2025 | 437 | 182M | 62.4% | 133 / 165 | 98 / 63 | 53M | 51M |
| Q3 2025 | 369 | 179M | 61.5% | 127 / 119 | 82 / 36 | 57M | 22M |
| Q2 2025 | 282 | 145M | 49.6% | 88 / 85 | 80 / 56 | 35M | 38M |
| Q1 2025 | 251 | 147M | 50.5% | 70 / 106 | 47 / 61 | 30M | 28M |
| Q4 2024 | 244 | 146M | 50.1% | 106 / 81 | 41 / 30 | 48M | 37M |
| Q3 2024 | 170 | 136M | 46.6% | 63 / 62 | 29 / 27 | 73M | 16M |
| Q2 2024 | 136 | 85M | 29.1% | 43 / 58 | 25 / 21 | 29M | 10M |
| Q1 2024 | 116 | 65M | 22.4% | 17 / 54 | 32 / 36 | 16M | 18M |
| Q4 2023 | 136 | 67M | 23.1% | 26 / 71 | 25 / 19 | 21M | 9M |
| Q3 2023 | 131 | 56M | 19.1% | 30 / 52 | 38 / 26 | 18M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of APLD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Hood River Small-Cap Growth Fund | 10,910,739 | 3.74% | $406.97M | 6.12% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 8,165,578 | 2.80% | $304.58M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 5,896,519 | 2.02% | $219.94M | 0.12% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 4,498,772 | 1.54% | $212.70M | 0.12% | May 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 3,398,598 | 1.17% | $126.77M | 0.27% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,916,559 | 1.00% | $108.79M | 0.11% | Jun 30, 2026 |
| Global X Data Center & Digital Infrastructure ETF | 2,035,340 | 0.70% | $96.23M | 4.49% | May 31, 2026 |
| Hood River New Opportunities Fund | 1,603,523 | 0.55% | $59.81M | 4.73% | Jun 30, 2026 |
| Columbia Select Mid Cap Growth Fund | 1,375,728 | 0.47% | $65.04M | 2.94% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 1,284,030 | 0.44% | $60.71M | 0.14% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 1,221,651 | 0.42% | $57.76M | 0.33% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 1,194,970 | 0.41% | $56.50M | 0.25% | May 31, 2026 |
| Amplify Blockchain Technology ETF | 1,057,808 | 0.36% | $39.46M | 3.39% | Jun 30, 2026 |
| iShares Russell Mid-Cap ETF | 1,045,982 | 0.36% | $39.02M | 0.07% | Jun 30, 2026 |
| T. Rowe Price New Horizons Fund, Inc. | 990,300 | 0.34% | $36.94M | 0.25% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Wes Cummins | CEO; Chairman, Director | 23,990,636 | 8.23% | Aug 4, 2026 |
| Jason Gechen Zhang | President | 2,539,227 | 0.87% | Sep 14, 2026 |
| Mohammad Saidal LaVanway Mohmand | Chief Financial Officer | 888,431 | 0.30% | Aug 4, 2026 |
| Laura Laltrello | Chief Operating Officer | 1,073,796 | 0.37% | Aug 4, 2026 |
| David Rench | Chief Administrative Officer | 385,288 | 0.13% | Dec 12, 2024 |
| Richard N. Nottenburg | Director | 133,378 | 0.05% | Aug 6, 2026 |
| Douglas S. Miller | Director | 184,859 | 0.06% | Apr 28, 2026 |
| Chuck Hastings | Director | 388,372 | 0.13% | Jan 30, 2026 |
| Ella G. Benson | Director | 68,422 | 0.02% | Nov 25, 2025 |
| Rachel H. Lee | Director | 67,147 | 0.02% | Nov 10, 2025 |
| Kate Reed | Director | 341,510 | 0.12% | Nov 22, 2024 |
| Michael Maniscalco | – | 152,026 | 0.05% | Feb 6, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jason Gechen Zhang President | Sep 12, 2026 | Tax withholding | −49,188 | $26.42 | $1.30M | 2,539,227 |
| Richard N. Nottenburg Director | Aug 4, 2026 | Sale | −75,000 | $31.15 | $2.34M | 133,378 |
| Wes Cummins CEO; Chairman, Director | Aug 4, 2026 | Other | −714,685 | – | – | 12,798 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Aug 4, 2026 | Other | +13,408 | – | – | 888,431 |
| Wes Cummins CEO; Chairman, Director | Jul 31, 2026 | Award | +1,600,000 | – | – | 6,387,600 |
| Wes Cummins CEO; Chairman, Director | Jul 31, 2026 | Tax withholding | −629,600 | $27.39 | $17.24M | 5,758,000 |
| Jason Gechen Zhang President | Jul 31, 2026 | Award | +600,000 | – | – | 2,824,515 |
| Jason Gechen Zhang President | Jul 31, 2026 | Tax withholding | −236,100 | $27.39 | $6.47M | 2,588,415 |
| Laura Laltrello Chief Operating Officer | Jul 31, 2026 | Award | +600,000 | – | – | 1,073,796 |
| Laura Laltrello Chief Operating Officer | Jul 31, 2026 | Tax withholding | −260,640 | $27.39 | $7.14M | 813,156 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Jul 31, 2026 | Tax withholding | −96,408 | $27.39 | $2.64M | 875,023 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Jul 31, 2026 | Award | +245,000 | – | – | 971,431 |
| Laura Laltrello Chief Operating Officer | Jul 6, 2026 | Tax withholding | −43,440 | $33.50 | $1.46M | 473,796 |
| Jason Gechen Zhang President | Jul 1, 2026 | Tax withholding | −118,050 | $35.52 | $4.19M | 1,997,078 |
| Jason Gechen Zhang President | Jul 1, 2026 | Award | +300,000 | – | – | 2,115,128 |
| Jason Gechen Zhang President | Jul 1, 2026 | Tax withholding | −147,563 | $35.52 | $5.24M | 2,224,515 |
| Jason Gechen Zhang President | Jul 1, 2026 | Award | +375,000 | – | – | 2,372,078 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Jun 22, 2026 | Tax withholding | −192,815 | $45.20 | $8.72M | 726,431 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Jun 22, 2026 | Award | +490,000 | – | – | 919,246 |
| Wes Cummins CEO; Chairman, Director | Jun 22, 2026 | Tax withholding | −314,800 | $45.20 | $14.23M | 4,787,600 |
| Wes Cummins CEO; Chairman, Director | Jun 22, 2026 | Award | +800,000 | – | – | 5,102,400 |
| Richard N. Nottenburg Director | Apr 30, 2026 | Sale | −12,500 | $34.59 | $432.38K | 208,378 |
| Richard N. Nottenburg Director | Apr 28, 2026 | Sale | −12,500 | $32.00 | $400.00K | 220,878 |
| Douglas S. Miller Director | Apr 27, 2026 | Sale | −10,000 | $34.98 | $349.80K | 184,859 |
| Wes Cummins CEO; Chairman, Director | Apr 10, 2026 | Option exercise | +100,000 | – | – | 4,341,750 |
| Wes Cummins CEO; Chairman, Director | Apr 10, 2026 | Tax withholding | −39,350 | $26.26 | $1.03M | 4,302,400 |
| Wes Cummins CEO; Chairman, Director | Apr 4, 2026 | Option exercise | +100,000 | – | – | 4,276,329 |
| Wes Cummins CEO; Chairman, Director | Apr 4, 2026 | Tax withholding | −34,579 | $24.56 | $849.26K | 4,241,750 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Apr 4, 2026 | Option exercise | +81,667 | – | – | 461,382 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Apr 4, 2026 | Option exercise | +12,500 | – | – | 383,909 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Apr 4, 2026 | Tax withholding | −4,194 | $24.56 | $103.00K | 379,715 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Apr 4, 2026 | Tax withholding | −32,136 | $24.56 | $789.26K | 429,246 |
| Jason Gechen Zhang President | Mar 12, 2026 | Tax withholding | −93,037 | $27.48 | $2.56M | 1,815,128 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Feb 6, 2026 | Award | +250,000 | – | – | 371,409 |
| Jason Gechen Zhang President | Feb 6, 2026 | Award | +500,000 | – | – | 1,908,165 |
| Chuck Hastings Director | Jan 29, 2026 | Sale | −45,987 | $38.57 | $1.77M | 388,372 |
| Douglas S. Miller Director | Jan 22, 2026 | Gift | −6,000 | – | – | 194,859 |
| Wes Cummins CEO; Chairman, Director | Jan 16, 2026 | Sale | −165,000 | $36.42 | $6.01M | 4,176,329 |
| Richard N. Nottenburg Director | Jan 15, 2026 | Sale | −12,000 | $35.45 | $425.40K | 233,378 |
| Richard N. Nottenburg Director | Jan 14, 2026 | Sale | −11,606 | $35.28 | $409.46K | 245,378 |
| Douglas S. Miller Director | Jan 12, 2026 | Sale | −10,000 | $38.54 | $385.40K | 200,859 |
| Laura Laltrello Chief Operating Officer | Jan 6, 2026 | Tax withholding | −82,764 | $30.27 | $2.51M | 517,236 |
| Wes Cummins CEO; Chairman, Director | Jan 6, 2026 | Award | +1,500,000 | – | – | 4,341,329 |
| Douglas S. Miller Director | Nov 28, 2025 | Sale | −8,000 | $26.98 | $215.84K | 210,859 |
| Jason Gechen Zhang Chief Strategy Officer | Nov 25, 2025 | Tax withholding | −60,881 | $24.94 | $1.52M | 1,408,165 |
| Jason Gechen Zhang Chief Strategy Officer | Nov 25, 2025 | Award | +170,000 | – | – | 1,469,046 |
| Ella G. Benson Director | Nov 24, 2025 | Sale(10b5-1 plan) | −8,581 | $23.22 | $199.25K | 68,422 |
| Rachel H. Lee Director | Nov 9, 2025 | Award | +7,747 | – | – | 67,147 |
| Richard N. Nottenburg Director | Nov 9, 2025 | Award | +7,747 | – | – | 256,984 |
| Ella G. Benson Director | Nov 9, 2025 | Award | +7,747 | – | – | 77,003 |
| Douglas S. Miller Director | Nov 9, 2025 | Award | +7,747 | – | – | 218,859 |
| Chuck Hastings Director | Nov 9, 2025 | Award | +7,747 | – | – | 434,359 |
| Wes Cummins CEO; Chairman, Director | Oct 31, 2025 | Other | −903,970 | – | – | 722,483 |
| Chuck Hastings Director | Oct 31, 2025 | Sale | −25,000 | $34.27 | $856.75K | 426,612 |
| Richard N. Nottenburg Director | Oct 31, 2025 | Sale | −9,375 | $35.91 | $336.66K | 249,237 |
| Richard N. Nottenburg Director | Oct 30, 2025 | Sale | −5,000 | $34.80 | $174.00K | 258,612 |
| Chuck Hastings Director | Oct 29, 2025 | Sale | −50,000 | $35.69 | $1.78M | 451,612 |
| Ella G. Benson Director | Oct 29, 2025 | Sale | −42,569 | $35.30 | $1.50M | 69,256 |
| Mohammad Saidal LaVanway Mohmand Chief Financial Officer | Oct 28, 2025 | Sale | −37,503 | $36.47 | $1.37M | 121,409 |
| Rachel H. Lee Director | Oct 24, 2025 | Sale | −24,213 | $33.20 | $803.87K | 59,400 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| N. Nottenburg Richard Director | Oct 13, 2026 | 62,500 | $1.40M | Oct 13, 2026 | Restricted Stock Vesting Under a Registered Plan |
| N. Nottenburg Richard Director | Aug 4, 2026 | 75,000 | $2.34M | Aug 4, 2026 | Restricted Stock Vesting Under a Registered Plan |
| N. Nottenburg Richard Director | Apr 30, 2026 | 12,500 | $432.40K | Apr 30, 2026 | Restricted Stock |
| N. Nottenburg Richard Director | Apr 28, 2026 | 12,500 | $400.00K | Apr 28, 2026 | Restricted Stock |
| Miller Douglas Director | Apr 27, 2026 | 10,000 | $349.81K | Apr 27, 2026 | Restricted stock vesting under a registered plan |
| Chuck Hastings Director | Jan 29, 2026 | 100,000 | $3.88M | Jan 29, 2026 | Convertible Preferred Note Purchase |
| Cummins Wes Officer, Director | Jan 16, 2026 | 165,000 | $6.01M | Jan 16, 2026 | Restricted Stock |
| N. Nottenburg Richard Director | Jan 15, 2026 | 12,000 | $425.41K | Jan 15, 2026 | Restricted Stock |
| N. Nottenburg Richard Director | Jan 14, 2026 | 11,606 | $409.48K | Jan 14, 2026 | Restricted Stock |
| Miller Douglas Director | Jan 12, 2026 | 10,000 | $385.41K | Jan 12, 2026 | Restricted stock vesting under a registered plan |
| Miller Douglas Director | Nov 28, 2025 | 8,000 | $215.84K | Nov 28, 2025 | Restricted stock vesting under a registered plan |
| Benson Ella Director | Nov 24, 2025 | 8,581 | $180.97K | Nov 24, 2025 | Restricted Stock Awards |
| N. Nottenburg Richard Director | Oct 31, 2025 | 9,375 | $336.63K | Oct 31, 2025 | Restricted Stock |
| N. Nottenburg Richard Director | Oct 30, 2025 | 5,000 | $173.99K | Oct 30, 2025 | Restricted Stock |
| Benson Ella Director | Oct 29, 2025 | 42,569 | $1.50M | Oct 29, 2025 | Restricted Stock |