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AppFolio
APPF

133 hedge funds and large institutions have $842M invested in AppFolio in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 14

88% more call options, than puts

Call options by funds: $4.25M | Put options by funds: $2.26M

36% more capital invested

Capital invested by funds: $620M → $842M (+$222M)

13% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 38

11% more funds holding

Funds holding: 120 → 133 (+13)

2.06% more ownership

Funds ownership: 64.96% → 67.01% (+2.1%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
133
Holders Change
+13
Holders Change %
+10.83%
% of All Funds
2.88%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.06%
New
28
Increased
43
Reduced
38
Closed
14
Calls
$4.25M
Puts
$2.26M
Net Calls
+$1.99M
Net Calls Change
+$2.3M

Top Buyers

1
ESCM
Echo Street Capital Management
New York
+$17.9M
2
RIM
Ranger Investment Management
Texas
+$10.3M
3
WEO
William E. Oberndorf
+$7.35M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$7.02M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$3.48M

Top Sellers

1
CRCM
Cat Rock Capital Management
Connecticut
-$13.7M
2
MC
Menta Capital
California
-$5.28M
3
TA
Teachers Advisors
New York
-$5.24M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$4.84M
5
Renaissance Technologies
Renaissance Technologies
New York
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Legal & General Group
101
Legal & General Group
United Kingdom
$198K +$5.22K +78 +3%
FQ
102
First Quadrant
California
$193K -$155K -2,312 -49%
Parallax Volatility Advisers
103
Parallax Volatility Advisers
California
$167K +$140K +2,100 New
GGHC
104
Gilder Gagnon Howe & Co
New York
$147K +$124K +1,852 New
AIM
105
Advantage Investment Management
Iowa
$144K – – –
LTFS
106
Ladenburg Thalmann Financial Services
Florida
$138K +$46.5K +696 +67%
TAM
107
Tiverton Asset Management
Delaware
$102K +$602 +9 +0.7%
AIP
108
Ameritas Investment Partners
Nebraska
$100K – – –
MUS
109
Mitsubishi UFJ Securities
Japan
$93K +$78.2K +1,170 New
PFO
110
Pathstone Family Office
New Jersey
$83K – – –
Northwestern Mutual Wealth Management
111
Northwestern Mutual Wealth Management
Wisconsin
$40K +$33.4K +500 New
ASN
112
Advisory Services Network
Georgia
$36K – – –
Bank of Montreal
113
Bank of Montreal
Ontario, Canada
$35K -$21.3K -319 -42%
Royal Bank of Canada
114
Royal Bank of Canada
Ontario, Canada
$35K +$8.36K +125 +40%
FCM
115
Flinton Capital Management
Pennsylvania
$32K +$2.27K +34 +9%
TAM
116
Tyers Asset Management
Texas
$27K +$1.87K +28 +9%
NA
117
Neuburgh Advisers
California
$21K +$1.47K +22 +9%
DWA
118
Dorsey Wright & Associates
California
$16K -$13.6K -204 -50%
MCIM
119
Meadow Creek Investment Management
Georgia
$15K +$1.07K +16 +9%
S
120
SignatureFD
Georgia
$13K +$4.15K +62 +62%
WTC
121
WhitTier Trust Company
Nevada
$12K – – –
ME
122
McIlrath & Eck
Washington
$12K +$10.3K +154 New
DBT
123
Dubuque Bank & Trust
Iowa
$10K +$8.03K +120 New
SWM
124
SeaCrest Wealth Management
New York
$8K – – –
MPWT
125
MassMutual Private Wealth & Trust
Connecticut
$5.96K – – –
2 3 4
5
6

APPF Hedge Fund Activity: Q1 2019 in Review

133 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q1 2019, worth a combined $842M — up 36% from $620M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new APPF positions and 14 closed out — a net gain of 14 holders — while 43 added to existing stakes and 38 trimmed.

The largest buyer was Echo Street Capital Management, adding an estimated $17.9M. The largest seller was Cat Rock Capital Management, exiting entirely with an estimated $13.7M sold.

  • 133 institutional investors held AppFolio (APPF) as of Q1 2019, up from 120 in Q4 2018.
  • Funds reported $842M of AppFolio stock for Q1 2019, up 36% quarter-over-quarter.
  • 28 funds opened new AppFolio positions in Q1 2019 and 14 closed out, a net change of +14 holders.
  • The largest AppFolio buyer in Q1 2019 was Echo Street Capital Management, an estimated $17.9M added.
  • The largest AppFolio seller in Q1 2019 was Cat Rock Capital Management, an estimated $13.7M sold.

Based on aggregated 13F filings for Q1 2019.