AppFolio
APPF
110 hedge funds and large institutions have $377M invested in AppFolio in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 30 increasing their positions, 42 reducing their positions, and 21 closing their positions.
5% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 21
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2% less capital invested
Capital invested by funds: $386M → $377M (-$9.37M)
2% less funds holding
Funds holding: 112 → 110 (-2)
2.51% less ownership
Funds ownership: 64.18% → 61.67% (-2.5%)
29% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$7.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$7.02M |
| 3 |
ACM
Ashe Capital Management
Englewood Cliffs,
New Jersey
|
+$5.05M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.68M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$10.2M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$6.76M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$3.36M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.78M |
| 5 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
-$2.34M |
APPF Hedge Fund Activity: Q1 2018 in Review
110 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q1 2018, worth a combined $377M — down 2.4% from $386M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new APPF positions and 21 closed out — a net gain of 1 holder — while 30 added to existing stakes and 42 trimmed.
The largest buyer was Echo Street Capital Management, opening a new position worth an estimated $7.2M. The largest seller was Millennium Management, cutting an estimated $10.2M.
- 110 institutional investors held AppFolio (APPF) as of Q1 2018, down from 112 in Q4 2017.
- Funds reported $377M of AppFolio stock for Q1 2018, down 2.4% quarter-over-quarter.
- 22 funds opened new AppFolio positions in Q1 2018 and 21 closed out, a net change of +1 holder.
- The largest AppFolio buyer in Q1 2018 was Echo Street Capital Management, an estimated $7.2M added.
- The largest AppFolio seller in Q1 2018 was Millennium Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2018.