AppFolio
APPF
121 hedge funds and large institutions have $628M invested in AppFolio in 2018 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 51 increasing their positions, 35 reducing their positions, and 14 closing their positions.
79% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 14
66% more capital invested
Capital invested by funds: $377M → $628M (+$251M)
46% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 35
10% more funds holding
Funds holding: 110 → 121 (+11)
5.75% more ownership
Funds ownership: 61.67% → 67.41% (+5.7%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$18.2M |
| 2 |
Morgan Stanley
New York
|
+$15.6M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$14.3M |
| 4 |
BlackRock
New York
|
+$13.3M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$4.82M |
Top Sellers
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$7.75M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
-$7.07M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.89M |
| 4 |
KC
Keenan Capital
Burlingame,
California
|
-$6.76M |
| 5 |
Millennium Management
New York
|
-$5.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Citadel Advisors
Miami,
Florida
| – | -$1.12M | -27,465 | Closed |
|
|
EMG
127
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$719K | -17,600 | Closed |
|
128
Capital Fund Management (CFM)
Paris,
France
| – | -$576K | -14,100 | Closed |
|
|
DM
129
Diker Management
New York
| – | -$413K | -10,100 | Closed |
|
130
Marshall Wace
London,
United Kingdom
| – | -$384K | -9,400 | Closed |
|
131
Wellington Management Group
Boston,
Massachusetts
| – | -$315K | -7,700 | Closed |
|
|
TI
132
Trexquant Investment
Stamford,
Connecticut
| – | -$309K | -7,567 | Closed |
|
|
SWP
133
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$92K | -2,255 | Closed |
|
|
PCM
134
Prelude Capital Management
New York
| – | -$74K | -1,800 | Closed |
|
135
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$163 | +3 | New |
|
APPF Hedge Fund Activity: Q2 2018 in Review
121 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q2 2018, worth a combined $628M — up 66% from $377M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new APPF positions and 14 closed out — a net gain of 11 holders — while 51 added to existing stakes and 35 trimmed.
The largest buyer was Vanguard Group, adding an estimated $18.2M. The largest seller was Dragoneer Investment Group, cutting an estimated $7.75M.
- 121 institutional investors held AppFolio (APPF) as of Q2 2018, up from 110 in Q1 2018.
- Funds reported $628M of AppFolio stock for Q2 2018, up 66% quarter-over-quarter.
- 25 funds opened new AppFolio positions in Q2 2018 and 14 closed out, a net change of +11 holders.
- The largest AppFolio buyer in Q2 2018 was Vanguard Group, an estimated $18.2M added.
- The largest AppFolio seller in Q2 2018 was Dragoneer Investment Group, an estimated $7.75M sold.
Based on aggregated 13F filings for Q2 2018.