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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
Fiera Capital (Canada)
26
Fiera Capital (Canada)
Quebec, Canada
$38.3M +$637K +2,923 +2%
GKIM
27
GW&K Investment Management
Massachusetts
$38.1M -$3.54M -16,242 -9%
Charles Schwab
28
Charles Schwab
California
$36.8M +$27.7K +127 +0.1%
IHG
29
Insight Holdings Group
New York
$35.1M +$33.3M +152,600 New
Norges Bank
30
Norges Bank
Norway
$34.4M -$23.6M -108,488 -42%
First Trust Advisors
31
First Trust Advisors
Illinois
$33.3M -$11.7M -53,799 -27%
RIM
32
Ranger Investment Management
Texas
$32.4M +$4.54M +20,807 +17%
Bank of America
33
Bank of America
North Carolina
$32.4M +$908K +4,167 +3%
GPC
34
Greenstone Partners & Co
California
$30.9M +$4.9M +22,489 +20%
Janus Henderson Group
35
Janus Henderson Group
United Kingdom
$30.4M -$3.78M -17,349 -12%
Jacobs Levy Equity Management
36
Jacobs Levy Equity Management
New Jersey
$30.3M -$9.03M -41,440 -24%
Squarepoint
37
Squarepoint
New York
$29.2M +$5.52M +25,313 +25%
Caisse de Depot et Placement du Quebec (CDPQ)
38
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$25.3M -$4.55M -20,871 -16%
Wells Fargo
39
Wells Fargo
California
$23.6M +$168K +770 +0.8%
UBS Group
40
UBS Group
Switzerland
$23.4M +$6.91M +31,710 +45%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$22.4M +$11.3M +51,659 +114%
UBS AM
42
UBS AM
Illinois
$21.8M +$4.74M +21,734 +30%
Raymond James Financial
43
Raymond James Financial
Florida
$21.7M +$532K +2,440 +3%
Jennison Associates
44
Jennison Associates
New York
$20.8M +$6.32M +28,986 +47%
SGM
45
Sellaronda Global Management
New York
$19.6M +$1.09M +5,000 +6%
Russell Investments Group
46
Russell Investments Group
United Kingdom
$16.2M +$153K +702 +1%
Goldman Sachs
47
Goldman Sachs
New York
$15.8M +$374K +1,717 +3%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$15.6M -$589K -2,701 -4%
Man Group
49
Man Group
United Kingdom
$15.4M +$1.07M +4,907 +8%
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$14.7M -$44.9K -206 -0.3%

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.