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.
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)
Top Buyers
| 1 |
Citadel Advisors
Miami,
Florida
|
+$78.9M |
| 2 |
Millennium Management
New York
|
+$41M |
| 3 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$24.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.1M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$23.3M |
Top Sellers
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.