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AppFolio

385 hedge funds and large institutions have $4.73B invested in AppFolio in 2025 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 118 increasing their positions, 156 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

491% more call options, than puts

Call options by funds: $23.5M | Put options by funds: $3.98M

13% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 56

8% more capital invested

Capital invested by funds: $4.39B → $4.73B (+$346M)

3.35% more ownership

Funds ownership: 85.81%89.16% (+3.4%)

1% more funds holding

Funds holding: 381385 (+4)

11% less funds holding in top 10

Funds holding in top 10: 98 (-1)

24% less repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 156

Holders
385
Holders Change
+4
Holders Change %
+1.05%
% of All Funds
5.07%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.11%
New
63
Increased
118
Reduced
156
Closed
56
Calls
$23.5M
Puts
$3.98M
Net Calls
+$19.5M
Net Calls Change
+$9.93M
Name Holding Trade Value Shares
Change
Change in
Stake
RMDI
276
R.M. Davis Inc
Maine
$230K
SW
277
SteelPeak Wealth
California
$230K
AFA
278
Arlington Financial Advisors
California
$219K
PA
279
Parallel Advisors
California
$210K -$28.6K -131 -13%
KIC
280
Kensington Investment Counsel
California
$207K +$196K +900 New
Citadel Advisors
281
Citadel Advisors
Florida
$204K -$7.79M -35,758 -98%
SA
282
Sanctuary Advisors
Indiana
$204K +$193K +886 New
CA
283
Cache Advisors
California
$203K +$192K +883 New
CCA
284
Cottonwood Capital Advisors
Utah
$202K +$191K +876 New
DWA
285
Delap Wealth Advisory
Oregon
$202K +$191K +876 New
BC
286
Bayforest Capital
United Kingdom
$200K -$145K -665 -43%
IA
287
IFP Advisors
Florida
$181K -$37.5K -172 -27%
DJSG
288
D.J. St. Germain
Massachusetts
$167K +$158K +727 New
Carson Wealth (CWM LLC)
289
Carson Wealth (CWM LLC)
Nebraska
$164K -$798K -3,663 -84%
ACM
290
Aster Capital Management
United Arab Emirates
$158K +$74.1K +340 +99%
SAM
291
Smartleaf Asset Management
Massachusetts
$138K +$20.7K +95 +19%
TRCT
292
Tower Research Capital (TRC)
New York
$135K -$10K -46 -7%
KBC Group
293
KBC Group
Belgium
$133K -$93.1K -427 -42%
FHA
294
First Horizon Advisors
Tennessee
$130K +$2.18K +10 +2%
Osaic Holdings
295
Osaic Holdings
Arizona
$124K +$87.6K +402 +266%
SO
296
STRS Ohio
Ohio
$121K +$114K +525 New
ETC
297
Exchange Traded Concepts
Oklahoma
$115K +$7.85K +36 +8%
HIA
298
Harbor Investment Advisory
Maryland
$108K
AAM
299
Advisors Asset Management
Colorado
$96.7K -$16.1K -74 -15%
RFA
300
Reyes Financial Architecture
California
$96.3K +$91.1K +418 New

APPF Hedge Fund Activity: Q2 2025 in Review

385 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q2 2025, worth a combined $4.73B — up 7.9% from $4.39B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new APPF positions and 56 closed out — a net gain of 7 holders — while 118 added to existing stakes and 156 trimmed.

The largest buyer was Principal Financial Group, adding an estimated $93.9M. The largest seller was Fidelity Investments, cutting an estimated $59.2M.

  • 385 institutional investors held AppFolio (APPF) as of Q2 2025, up from 381 in Q1 2025.
  • Funds reported $4.73B of AppFolio stock for Q2 2025, up 7.9% quarter-over-quarter.
  • 63 funds opened new AppFolio positions in Q2 2025 and 56 closed out, a net change of +7 holders.
  • The largest AppFolio buyer in Q2 2025 was Principal Financial Group, an estimated $93.9M added.
  • The largest AppFolio seller in Q2 2025 was Fidelity Investments, an estimated $59.2M sold.

Based on aggregated 13F filings for Q2 2025.