What smart money is saying about Digital Turbine
APPS
No fund has written a full thesis on Digital Turbine in our archive, but 4 fund letters report a position in it — most recently Granahan Investment Management SMID Cap Select in June 2026.
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4
Reported positions
1
Bought
1
Sold
4
Letters
Position history
Every position in Digital Turbine on record in the archive was reported in Q2 2026, across 4 fund letters — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 4 | 1 | 1 | 0 |
Fund activity · 4 positions · 2 moves
- June 2026
“Digital Turbine (Info. Tech., Special Situation) 2. Silicon Motion Tech. (Info. Tech., Special Situation) 3. Porch Group (Info. Tech., Pioneer) 4. Dave, Inc. (Financials, Pioneer) 1. FTAI Aviation Ltd. (industrials, Core Growth) 2. indie Semiconductor (Info. Tech., Special Situation) 3. Nextpower Inc. (Industrials, Core Growth) 4. Arlo Tech. (Info. Tech., Core Growth) 2 Positioning Since its inception, the SMID Select strategy has been guided by a straightforward philosophy: the small- mid-cap market is inefficient, creating opportunities for disciplined, fundamental investors to identify exceptional businesses before their long-term earnings power and appreciation potential are fully recognized by the market. Within the small-mid cap universe, successful investments can appreciate several hundred percent over relatively short periods, creating an asymmetric return opportunity that is difficult to replicate through broadly diversified portfolios. Our portfolio construction is designed to capitalize on this opportunity. Approximately 60–65% of the portfolio is typically allocated to what we refer to as our "Major League" positions, our highest-conviction investments with the greatest long-term appreciation potential. Before reaching this designation, each company undergoes an extensive fundamental research process, leveraging our proprietary industry network, rigorous due diligence, and comprehensive valuation work, including detailed risk/reward probability analysis. This disciplined, concentrated approach places a premium on our ability to identify exceptional businesses before their potential is fully recognized by the market and to maintain conviction as their investment theses continue to develop. The second quarter provided perhaps the clearest example of this philosophy and process in action. Entering the quarter, Digital Turbine, Silicon Motion, Dave, and Porch Group ranked among the portfolio's thirteen largest holdings, and each appreciated by more than 100% during the quarter. Importantly, only one of these companies, Silicon Motion, could reasonably be considered a direct beneficiary of the current AI investment cycle. Equally noteworthy, two of these companies were classified within our Special Situations category and two within our Pioneers category. In fact, Special Situations was our strongest- performing lifecycle category during the quarter, followed by Pioneers and then Core Growth. We believe this underscores the value of our lifecycle diversification framework, which intentionally allocates capital across companies at different stages of development and transformation, allowing us to participate in multiple sources of alpha rather than relying on a single style of growth investing. These companies appreciated as improving business fundamentals, stronger execution, and accelerating earnings ultimately outweighed investor skepticism. Digital Turbine was our largest detractor during the first quarter despite exceeding revenue expectations in each of the previous five quarters. We viewed the weakness as a valuation disconnect rather than a deterioration in fundamentals and increased our position accordingly.”
Digital Turbine - June 2026
“Top Ten Holdings Security Life Cycle Category Percent of Portfolio Porch Group Inc. Pioneer 10.0% Digital Turbine, Inc. Special Situation 9.2% Silicon Motion Technology Corp. Special Situation 8.6% Magnite Inc Core Growth 7.6% FTAI Aviation Ltd Core Growth 7.1%”
Digital Turbine - June 2026
“Digital Turbine (Information Technology, Special Situation) — Trimmed Digital Turbine was the largest contributor as investors gained confidence in improving monetization, operating leverage, and cash-flow potential across its mobile advertising and digital-platform businesses. The stock had been a meaningful first-quarter detractor, but our research suggested underlying trends were improving, and we added during the earlier weakness. Following the substantial re-rating, we trimmed the position.”
Digital Turbine “Top Ten Holdings Security Life Cycle Category Percent of Portfolio Silicon Motion Technology Corp. Special Situation 3.6% Porch Group Inc. Pioneer 3.5% Digital Turbine, Inc. Special Situation 2.3%”
Digital Turbine
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