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AppFolio

381 hedge funds and large institutions have $4.39B invested in AppFolio in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 135 increasing their positions, 130 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more call options, than puts

Call options by funds: $16.6M | Put options by funds: $6.95M

3.29% more ownership

Funds ownership: 82.52%85.81% (+3.3%)

4% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 130

8% less first-time investments, than exits

New positions opened: 72 | Existing positions closed: 78

2% less funds holding

Funds holding: 388381 (-7)

7% less capital invested

Capital invested by funds: $4.7B → $4.39B (-$312M)

10% less funds holding in top 10

Funds holding in top 10: 109 (-1)

Holders
381
Holders Change
-7
Holders Change %
-1.8%
% of All Funds
5.11%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.12%
New
72
Increased
135
Reduced
130
Closed
78
Calls
$16.6M
Puts
$6.95M
Net Calls
+$9.61M
Net Calls Change
+$3.27M
Name Holding Trade Value Shares
Change
Change in
Stake
PCA
251
Pallas Capital Advisors
Massachusetts
$326K -$638K -2,780 -65%
FT
252
Fiduciary Trust
Massachusetts
$322K +$336K +1,464 New
EWA
253
EP Wealth Advisors
California
$320K +$334K +1,454 New
AC
254
AXQ Capital
New Jersey
$319K +$333K +1,451 New
QCG
255
Quadrant Capital Group
Ohio
$319K +$148K +645 +80%
MML Investors Services
256
MML Investors Services
Massachusetts
$318K +$108K +470 +48%
BMCM
257
Burns Matteson Capital Management
New York
$315K +$23.6K +103 +8%
USAA
258
United Services Automobile Association
Texas
$311K +$322K +1,405 New
II
259
Inspire Investing
Idaho
$309K -$347K -1,511 -52%
LTAS
260
Linden Thomas Advisory Services
North Carolina
$307K +$23.2K +101 +8%
Janney Montgomery Scott
261
Janney Montgomery Scott
Pennsylvania
$305K +$319K +1,389 New
FCBT
262
First Citizens Bank & Trust
North Carolina
$276K +$288K +1,255 New
FBT
263
First Bank & Trust
South Dakota
$265K +$6.88K +30 +3%
CA
264
Cullinan Associates
Kentucky
$264K
URS
265
Utah Retirement Systems
Utah
$264K
AIM
266
Aigen Investment Management
New York
$251K +$56K +244 +27%
CCAL
267
City Center Advisors LLC
Michigan
$250K -$53.5K -233 -17%
MA
268
Mutual Advisors
Nebraska
$245K -$39.5K -172 -12%
FFA
269
First Foundation Advisors
California
$241K
LAM
270
Lewis Asset Management
California
$239K -$7.11K -31 -3%
Robeco Institutional Asset Management
271
Robeco Institutional Asset Management
Netherlands
$236K -$2.76M -12,016 -92%
MSRPS
272
Maryland State Retirement & Pension System
Maryland
$233K -$45.2K -197 -16%
DO
273
denkapparat Operations
Germany
$232K +$37.2K +162 +18%
PA
274
Parallel Advisors
California
$229K +$106K +463 +80%
ProShare Advisors
275
ProShare Advisors
Maryland
$229K -$19.5K -85 -8%