AppFolio
APPF
412 hedge funds and large institutions have $5.55B invested in AppFolio in 2025 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 132 increasing their positions, 142 reducing their positions, and 47 closing their positions.
443% more call options, than puts
Call options by funds: $60.3M | Put options by funds: $11.1M
66% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 47
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
17% more capital invested
Capital invested by funds: $4.73B → $5.55B (+$820M)
7% more funds holding
Funds holding: 385 → 412 (+27)
0.96% less ownership
Funds ownership: 89.16% → 88.2% (-0.96%)
7% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 142
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$90.2M |
| 2 |
HWCM
Hudson Way Capital Management
Dallas,
Texas
|
+$52.3M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$31.5M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$23.9M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$64M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$49.9M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$49M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
-$45.1M |
| 5 |
Morgan Stanley
New York
|
-$35.5M |
APPF Hedge Fund Activity: Q3 2025 in Review
412 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q3 2025, worth a combined $5.55B — up 17% from $4.73B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new APPF positions and 47 closed out — a net gain of 31 holders — while 132 added to existing stakes and 142 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $90.2M. The largest seller was Brown Capital Management, cutting an estimated $64M.
- 412 institutional investors held AppFolio (APPF) as of Q3 2025, up from 385 in Q2 2025.
- Funds reported $5.55B of AppFolio stock for Q3 2025, up 17% quarter-over-quarter.
- 78 funds opened new AppFolio positions in Q3 2025 and 47 closed out, a net change of +31 holders.
- The largest AppFolio buyer in Q3 2025 was Principal Financial Group, an estimated $90.2M added.
- The largest AppFolio seller in Q3 2025 was Brown Capital Management, an estimated $64M sold.
Based on aggregated 13F filings for Q3 2025.