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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
MCM
376
Manchester Capital Management
Vermont
$231 -$1.96K -9 -90%
SIC
377
SJS Investment Consulting
Ohio
$231 -$218 -1 -50%
RWM
378
Rialto Wealth Management
New York
$231 +$218 +1 New
AF
379
Advisornet Financial
Minnesota
$230 -$218 -1 -50%
RS
380
Rakuten Securities
Japan
$230
CH
381
Cromwell Holdings
Wyoming
$230 +$218 +1 New
EP
382
Essential Partners
California
$230 +$218 +1 New
HI
383
Horizon Investments
North Carolina
$230 +$218 +1 New
TIM
384
Tortoise Investment Management
New York
$230 +$218 +1 New
ZEP
385
Zeno Equity Partners
United Kingdom
-$19.5M -88,789 Closed
Los Angeles Capital Management
386
Los Angeles Capital Management
California
-$15M -68,135 Closed
BA
387
Bridgewater Associates
Connecticut
-$10.2M -46,368 Closed
DZ Bank
388
DZ Bank
Germany
-$9.36M -42,558 Closed
AG
389
Algert Global
California
-$6.97M -31,707 Closed
CF
390
Corebridge Financial
Texas
-$5.7M -25,917 Closed
WEO
391
William E. Oberndorf
-$5.32M -24,184 Closed
SCM
392
Sone Capital Management
New York
-$5M -22,733 Closed
ECM
393
ExodusPoint Capital Management
New York
-$4.66M -21,171 Closed
Balyasny Asset Management
394
Balyasny Asset Management
Illinois
-$2.84M -12,896 Closed
LAM
395
LECAP Asset Management
United Kingdom
-$1.94M -8,842 Closed
ZIM
396
Zacks Investment Management
Illinois
-$1.93M -8,757 Closed
T. Rowe Price Investment Management
397
T. Rowe Price Investment Management
Maryland
-$1.9M -8,639 Closed
FAM
398
Fred Alger Management
New York
-$1.64M -7,473 Closed
Canada Pension Plan Investment Board
399
Canada Pension Plan Investment Board
Ontario, Canada
-$1.63M -7,400 Closed
Wealth Enhancement Advisory Services
400
Wealth Enhancement Advisory Services
Minnesota
-$904K -4,109 Closed

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.