We are live on ! Find out more
APPF icon

AppFolio
APPF

403 hedge funds and large institutions have $4.88B invested in AppFolio in 2025 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 155 increasing their positions, 132 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

430% more call options, than puts

Call options by funds: $61.4M | Put options by funds: $11.6M

17% more repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 132

2.64% more ownership

Funds ownership: 88.2% → 90.83% (+2.6%)

5% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 64

2% less funds holding

Funds holding: 412 → 403 (-9)

12% less capital invested

Capital invested by funds: $5.55B → $4.88B (-$676M)

36% less funds holding in top 10

Funds holding in top 10: 11 → 7 (-4)

Holders
403
Holders Change
-9
Holders Change %
-2.18%
% of All Funds
4.9%
Holding in Top 10
7
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-36.36%
% of All Funds
0.09%
New
61
Increased
155
Reduced
132
Closed
64
Calls
$61.4M
Puts
$11.6M
Net Calls
+$49.8M
Net Calls Change
+$576K

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$78.9M
2
Millennium Management
Millennium Management
New York
+$41M
3
CIA
Caledonia Investments (Australia)
Australia
+$24.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$24.1M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$23.3M

Top Sellers

1
ACM
Ashe Capital Management
New Jersey
-$60.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$55.9M
3
BCM
Brown Capital Management
Maryland
-$45.1M
4
IHG
Insight Holdings Group
New York
-$25.7M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$24.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
GPC
26
Greenstone Partners & Co
California
$43.6M +$13M +54,833 +41%
Jacobs Levy Equity Management
27
Jacobs Levy Equity Management
New Jersey
$43.4M +$17.8M +74,763 +67%
First Trust Advisors
28
First Trust Advisors
Illinois
$42.5M +$22.4M +94,052 +106%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$41.7M -$1.93M -8,135 -4%
Marshall Wace
30
Marshall Wace
United Kingdom
$39.5M +$12M +50,385 +42%
Charles Schwab
31
Charles Schwab
California
$36M -$775K -3,261 -2%
BCM
32
Brown Capital Management
Maryland
$35.4M -$45.1M -189,819 -56%
GKIM
33
GW&K Investment Management
Massachusetts
$34.7M +$1.35M +5,684 +4%
Renaissance Technologies
34
Renaissance Technologies
New York
$34.1M -$4.27M -17,982 -11%
Caisse de Depot et Placement du Quebec (CDPQ)
35
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$32.5M -$2.17M -9,112 -6%
Jennison Associates
36
Jennison Associates
New York
$30.1M +$1.15M +4,819 +4%
CIA
37
Capital Impact Advisors
Massachusetts
$29.9M +$22.1M +92,936 +263%
RIM
38
Ranger Investment Management
Texas
$26.6M -$72.5K -305 -0.3%
Wealth Enhancement Advisory Services
39
Wealth Enhancement Advisory Services
Minnesota
$25.6M +$18.8M +79,069 +263%
Two Sigma Investments
40
Two Sigma Investments
New York
$23.2M +$20.4M +85,867 +613%
Wells Fargo
41
Wells Fargo
California
$23.2M -$2.1M -8,816 -8%
Raymond James Financial
42
Raymond James Financial
Florida
$23M +$911K +3,835 +4%
Norges Bank
43
Norges Bank
Norway
$22.8M +$23.3M +97,976 New
Russell Investments Group
44
Russell Investments Group
United Kingdom
$19.9M +$5.13M +21,596 +34%
JP Morgan Chase
45
JP Morgan Chase
New York
$18.8M +$6.25M +26,314 +48%
SCM
46
Sone Capital Management
New York
$15M +$7.46M +31,404 +95%
Loomis, Sayles & Company
47
Loomis, Sayles & Company
Massachusetts
$14.9M +$15.2M +63,940 New
N
48
Nuveen
North Carolina
$14.5M +$1.08M +4,528 +8%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$14.2M -$394K -1,657 -3%
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$14.1M -$1.12M -4,695 -7%
1
2
3 4 5

APPF Hedge Fund Activity: Q4 2025 in Review

403 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q4 2025, worth a combined $4.88B — down 12% from $5.55B a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of APPF and 61 opened new positions — a net loss of 3 holders — while 132 trimmed existing stakes and 155 added.

The largest buyer was Citadel Advisors, adding an estimated $78.9M. The largest seller was Ashe Capital Management, cutting an estimated $60.2M.

  • 403 institutional investors held AppFolio (APPF) as of Q4 2025, down from 412 in Q3 2025.
  • Funds reported $4.88B of AppFolio stock for Q4 2025, down 12% quarter-over-quarter.
  • 61 funds opened new AppFolio positions in Q4 2025 and 64 closed out, a net change of -3 holders.
  • The largest AppFolio buyer in Q4 2025 was Citadel Advisors, an estimated $78.9M added.
  • The largest AppFolio seller in Q4 2025 was Ashe Capital Management, an estimated $60.2M sold.

Based on aggregated 13F filings for Q4 2025.