AppFolio
APPF
94 hedge funds and large institutions have $404M invested in AppFolio in 2017 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 37 increasing their positions, 16 reducing their positions, and 6 closing their positions.
417% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 6
137% more capital inflows, than outflows
Capital inflows: $92.5M | Capital outflows: $39.1M
131% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 16
36% more funds holding
Funds holding: 69 → 94 (+25)
5.27% more ownership
Funds ownership: 57.62% → 62.89% (+5.3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$9.42M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.41M |
| 3 |
Renaissance Technologies
New York
|
+$6.78M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.99M |
| 5 |
Two Sigma Advisers
New York
|
+$5.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dragoneer Investment Group
San Francisco,
California
|
-$31.1M |
| 2 |
Laurion Capital Management
New York
|
-$5.05M |
| 3 |
Ruane, Cunniff & Goldfarb
New York
|
-$821K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$620K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$356K |
APPF Hedge Fund Activity: Q3 2017 in Review
94 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q3 2017, worth a combined $404M — up 75% from $231M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new APPF positions and 6 closed out — a net gain of 25 holders — while 37 added to existing stakes and 16 trimmed.
The largest buyer was Hood River Capital Management, opening a new position worth an estimated $9.42M. The largest seller was Dragoneer Investment Group, cutting an estimated $31.1M.
- 94 institutional investors held AppFolio (APPF) as of Q3 2017, up from 69 in Q2 2017.
- Funds reported $404M of AppFolio stock for Q3 2017, up 75% quarter-over-quarter.
- 31 funds opened new AppFolio positions in Q3 2017 and 6 closed out, a net change of +25 holders.
- The largest AppFolio buyer in Q3 2017 was Hood River Capital Management, an estimated $9.42M added.
- The largest AppFolio seller in Q3 2017 was Dragoneer Investment Group, an estimated $31.1M sold.
Based on aggregated 13F filings for Q3 2017.