AppFolio
APPF
160 hedge funds and large institutions have $2.26B invested in AppFolio in 2020 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 57 increasing their positions, 52 reducing their positions, and 20 closing their positions.
80% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 20
80% more call options, than puts
Call options by funds: $17.2M | Put options by funds: $9.55M
55% more capital invested
Capital invested by funds: $1.46B → $2.26B (+$797M)
11% more funds holding
Funds holding: 144 → 160 (+16)
3.7% more ownership
Funds ownership: 79.33% → 83.03% (+3.7%)
10% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 52
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
+$107M |
| 2 |
Morgan Stanley
New York
|
+$20.4M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
+$15.9M |
| 4 |
BlackRock
New York
|
+$9.2M |
| 5 |
GC
Gobi Capital
San Francisco,
California
|
+$7.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$19.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$13.6M |
| 3 |
DM
Diker Management
New York
|
-$10.4M |
| 4 |
GCM
Glynn Capital Management
Menlo Park,
California
|
-$8M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$4.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AS
176
Altshuler Shaham
Tel Aviv,
Israel
| – | -$15K | -137 | Closed |
|
177
Group One Trading
Chicago,
Illinois
| – | -$13.1K | -100 | Closed |
|
|
WAP
178
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$4K | -40 | Closed |
|
|
AIM
179
Aigen Investment Management
New York
| – | -$2K | -15 | Closed |
|
APPF Hedge Fund Activity: Q2 2020 in Review
160 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q2 2020, worth a combined $2.26B — up 55% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new APPF positions and 20 closed out — a net gain of 16 holders — while 57 added to existing stakes and 52 trimmed.
The largest buyer was Brown Capital Management, adding an estimated $107M. The largest seller was Vanguard Group, cutting an estimated $19.8M.
- 160 institutional investors held AppFolio (APPF) as of Q2 2020, up from 144 in Q1 2020.
- Funds reported $2.26B of AppFolio stock for Q2 2020, up 55% quarter-over-quarter.
- 36 funds opened new AppFolio positions in Q2 2020 and 20 closed out, a net change of +16 holders.
- The largest AppFolio buyer in Q2 2020 was Brown Capital Management, an estimated $107M added.
- The largest AppFolio seller in Q2 2020 was Vanguard Group, an estimated $19.8M sold.
Based on aggregated 13F filings for Q2 2020.