We are live on ! Find out more
APPF icon

AppFolio

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.

New
Increased
Maintained
Reduced
Closed

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: 811 (+3)

17% more capital invested

Capital invested by funds: $4.73B → $5.55B (+$820M)

7% more funds holding

Funds holding: 385412 (+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

Holders
412
Holders Change
+27
Holders Change %
+7.01%
% of All Funds
5.41%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.14%
New
78
Increased
132
Reduced
142
Closed
47
Calls
$60.3M
Puts
$11.1M
Net Calls
+$49.2M
Net Calls Change
+$29.7M
Name Holding Trade Value Shares
Change
Change in
Stake
SOMRS
151
State of Michigan Retirement System
Michigan
$1.49M -$27K -100 -2%
SDIC
152
South Dakota Investment Council
South Dakota
$1.46M +$270K +1,000 +23%
SG Americas Securities
153
SG Americas Securities
New York
$1.45M -$4.07M -15,073 -74%
HCMT
154
Highland Capital Management (Tennessee)
Tennessee
$1.43M +$1.41M +5,204 New
NMIMC
155
Northwestern Mutual Investment Management Company
Wisconsin
$1.41M -$13K -48 -0.9%
KK
156
KLP Kapitalforvaltning
Norway
$1.38M +$81K +300 +6%
NAAA
157
New Age Alpha Advisors
New York
$1.38M -$40.2K -149 -3%
FCBT
158
First Citizens Bank & Trust
North Carolina
$1.37M +$114K +422 +9%
X
159
Xponance
Pennsylvania
$1.34M +$48.4K +179 +4%
LCM
160
Legato Capital Management
California
$1.31M
OAM
161
Oppenheimer Asset Management
New York
$1.3M -$54K -200 -4%
OPERF
162
Oregon Public Employees Retirement Fund
Oregon
$1.27M -$32.7K -121 -3%
Zurich Cantonal Bank
163
Zurich Cantonal Bank
Switzerland
$1.23M -$315K -1,168 -21%
Ensign Peak Advisors
164
Ensign Peak Advisors
Utah
$1.23M -$864K -3,200 -42%
AIP
165
Ameritas Investment Partners
Nebraska
$1.18M -$50.8K -188 -4%
NMERB
166
New Mexico Educational Retirement Board
New Mexico
$1.16M
Commonwealth Equity Services
167
Commonwealth Equity Services
Massachusetts
$1.15M -$217K -805 -16%
EP
168
Edgestream Partners
New Jersey
$1.12M +$381K +1,411 +53%
AI
169
Atria Investments
North Carolina
$1.11M +$53.8K +199 +5%
MAM
170
Martingale Asset Management
Massachusetts
$1.1M -$1.65M -6,109 -61%
Truist Financial
171
Truist Financial
North Carolina
$1.08M +$11.6K +43 +1%
VCA
172
Verdence Capital Advisors
Maryland
$1.08M +$54K +200 +5%
BCM
173
Barrier Capital Management
California
$1.07M +$1.05M +3,883 New
RAM
174
Resona Asset Management
Japan
$1.07M -$89.7K -332 -8%
AWF
175
Alpha Wealth Funds
Utah
$1.06M +$135K +500 +15%

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.