Jim Simons' quantitative hedge fund, Renaissance Technologies, completely sold off its position in mobile marketing platform AppLovin Corp (APP) during the second quarter of 2026. The fund's 13F filing, dated August 13, 2026, revealed the sale of all 436,540 shares, which were valued at approximately $173.74 million at the end of the first quarter.
Investors should note that 13F filings reflect trades made in the prior quarter, in this case, the period ending June 30, 2026. The disclosure of RenTech's exit follows AppLovin's early August earnings report, where the company announced strong 53% year-over-year revenue growth but slightly missed analyst revenue expectations for the quarter.