Supply breakdown
Shares as of Oct 6, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 302.39M | 100.0% | $11.28B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 302.39M | 100.0% | $11.28B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 214.45M | 70.9% | $8.00B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$11.28B
- Fully diluted-
- Circulating$11.28B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| Hood River Capital Management LLC | 22.52M | 7.45% |
| Situational Awareness LP | 15.38M | 5.09% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 13.73M | 4.54% |
| BlackRock, Inc. | 13.38M | 4.42% |
| VANGUARD CAPITAL MANAGEMENT LLC | 11.56M | 3.82% |
| TWO SIGMA INVESTMENTS, LP | 10.30M | 3.41% |
| EQUITEC PROPRIETARY MARKETS, LLC | 8.37M | 2.77% |
| GOLDMAN SACHS GROUP INC | 6.98M | 2.31% |
| DBA TRADING, LLC | 5.58M | 1.84% |
| Value Aligned Research Advisors, LLC | 5.55M | 1.83% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | APLD on Nasdaq | 302,387,140 | Oct 6, 2026 |
Notes and sources
- Applied Digital Corp. 10-Q for period ended 2026-08-31, Cover page (0001144879-26-000059)
- SEC public float (non-affiliates): $6.90B as of Nov 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.