On November 3, 2025, AGP Franklin announced a new position in Applied digital (APLD 5.20%)acquiring 136,848 shares in the third quarter for an estimated $3.14 million.
What happened
According to a filing with the Securities and Exchange Commission dated November 3, 2025, AGP Franklin initiated a new stake in Applied Digital in the third quarter. The fund purchased 136,848 shares, with an estimated transaction value of $3,139,293 for the period ending September 30, 2025.
What else you need to know
This new position represents 1.5% of AGP Franklin’s reportable US equity portfolio of $205.19 million as of September 30, 2025.
Top positions after filing:
- NVDA: $12.76 million (6.2% of assets under management)
- PLTR: $10.85 million (5.3% of assets under management)
- AMZN: $9.66 million (4.7% of assets under management)
- ORCL: $7.73 million (3.8% of assets under management)
- JPM: $7.45 million (3.6% of assets under management)
As of October 31, 2025, shares of Applied Digital were priced at $34.66, up 412.7% from the year ended October 31, 2025; stocks have outperformed the S&P500 by 353.3 percentage points in the same period.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close on October 31, 2025) | $34.66 |
| Market capitalization | $9.81 billion |
| Yield (TTM) | $219.02 million |
| Net income (TTM) | ($225.71 million) |
Business snapshot
Applied Digital is a technology company focused on designing and operating digital infrastructure and cloud solutions for high-performance computing and artificial intelligence workloads. It uses purpose-built data centers and advanced GPU resources to support demanding enterprise applications and digital asset mining.
The company offers digital infrastructure, data center hosting, GPU-based cloud services and high-performance computing solutions for artificial intelligence, machine learning and crypto mining applications. It generates revenue through operations across multiple segments, including data center hosting, cloud services and high-performance computing hosting for enterprise and digital asset customers.
Applied Digital serves North American customers in the artificial intelligence, machine learning and digital asset mining industries that require scalable, high-performance computing infrastructure.
Take foolishly
AGP Franklin, an investment advisory firm headquartered in Tennessee, recently announced a new position in Applied Digital worth more than $3.1 million.
For average investors, this is an institutional purchase worth noting – and here’s why.
For starters, Applied Digital stock has been on fire lately. Shares are up 354% this year, easily outperforming the S&P 500, which has generated a total return of 17.5% so far this year.
The reason behind the impressive performance is obvious: the revolution in artificial intelligence (AI). Applied Digital’s business model revolves around data center hosting and high-performance computing solutions – both of which are critical components of the AI ecosystem.
As a result, Applied Digital’s business is flourishing. In its most recent quarter (the three months ending August 31, 2025), the company reported year-over-year revenue growth of 84%, with twelve-month revenue rising to $219 million.
In summary, this purchase is a vote of confidence from a major institution, and while Applied Digital stock isn’t right for every portfolio, retail investors may want to take a closer look at this under-the-radar AI stock.
Glossary
Wallet weight: The percentage of a fund’s total assets allocated to a particular investment.
Stake: The ownership interest or investment that a person or entity holds in a business.
Top positions: The largest investments in a fund, ranked by their value or portfolio weight.
Reportable US Stock Portfolio: The portion of a fund’s investments in U.S. stocks that must be disclosed to regulators.
AUM (assets under management): The total market value of the assets that a fund or manager oversees on behalf of clients.
High Performance Computing (HPC): The use of powerful computers to process complex calculations at high speed, often for scientific or artificial intelligence tasks.
GPU-based cloud services: Cloud computing services that use graphics processing units (GPUs) to accelerate tasks such as artificial intelligence and machine learning.
Digital Asset Mining: The process of using computing power to validate transactions and add them to a blockchain, thereby earning cryptocurrency rewards.
Data center hosting: Providing physical space, power and connectivity for customers’ servers and computing equipment.
Multi-segment operations: Business activities divided into different areas or divisions, each of which generates revenue separately.
TTM: The twelve-month period ending with the most recent quarterly report.
Perform better: Achieving a higher return or growth rate than a benchmark or comparable investment.
