Applied Digital Corp. major shareholders
Hood River Capital Management (7.4%) and Jane Street (7.0%) are the 5% holders named in Applied Digital's September 2026 proxy. Chief executive Wes Cummins reports 7.8%, most of it held through Cummins Family Ltd.
- Listing
- Nasdaq: APLD
- Business
- data center developer and operator
- Holdings as of
- 16 September 2026
- Share base
- 299,170,185 common shares
- Founders, insiders, individuals
- Asset managers
- Banks and trading firms
- Not named
Hover or focus a segment for its value. Overlapping positions are removed, and filings can use different denominators, so segments show scale rather than an exact total.
Holders named in the filing
| Holder | Type | Shares | % of class | Note |
|---|---|---|---|---|
| Wes Cummins | Founder or insider | 23,361,036 | 7.8% | Includes 17,590,238 shares held by Cummins Family Ltd, pledged against a JPMorgan credit line. |
| Hood River Capital Management LLC | Asset manager | 22,037,431 | 7.4% | Schedule 13G/A filed 17 February 2026. |
| Jane Street Group, LLC | Market maker or trading firm | 20,886,105 | 7.0% | Includes 15,960,068 warrants held by Jane Street Global Trading. |
Source: DEF 14A, filed 25 September 2026. Founder and insider rows are included where they matter for control, so not every row is a 5% holder.
How to read it
Most of the Jane Street position is warrants, which shows why a reported stake is not the same as a long-term shareholding.
Founders
The proxy calls Jason Zhang a co-founder, from 2021. It does not use the word for Wes Cummins, whom press coverage names as the other founder.
- Wes CumminsChief Executive Officer and Chairman
- Jason ZhangPresident and Co-Founder
Questions
Who are the major shareholders of Applied Digital Corp.?
Hood River Capital Management (7.4%) and Jane Street (7.0%) are the 5% holders named in Applied Digital's September 2026 proxy. Chief executive Wes Cummins reports 7.8%, most of it held through Cummins Family Ltd.
How current is this APLD shareholder data?
The table reflects DEF 14A filed 25 September 2026, with holdings as of 16 September 2026. Many rows rest on earlier Schedule 13G or 13D filings, so individual positions may have changed.