AppFolio
APPF
112 hedge funds and large institutions have $386M invested in AppFolio in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 24 reducing their positions, and 6 closing their positions.
300% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 6
113% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 24
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
19% more funds holding
Funds holding: 94 → 112 (+18)
1.28% more ownership
Funds ownership: 62.89% → 64.18% (+1.3%)
4% less capital invested
Capital invested by funds: $404M → $386M (-$17.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$16.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.86M |
| 3 |
BlackRock
New York
|
+$5.5M |
| 4 |
Renaissance Technologies
New York
|
+$5.23M |
| 5 |
WCM
Wildcat Capital Management
New York
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$24M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$3.44M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$3.44M |
| 4 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$2.22M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$2M |
APPF Hedge Fund Activity: Q4 2017 in Review
112 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q4 2017, worth a combined $386M — down 4.4% from $404M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new APPF positions and 6 closed out — a net gain of 18 holders — while 51 added to existing stakes and 24 trimmed.
The largest buyer was Millennium Management, adding an estimated $16.4M. The largest seller was Dragoneer Investment Group, cutting an estimated $24M.
- 112 institutional investors held AppFolio (APPF) as of Q4 2017, up from 94 in Q3 2017.
- Funds reported $386M of AppFolio stock for Q4 2017, down 4.4% quarter-over-quarter.
- 24 funds opened new AppFolio positions in Q4 2017 and 6 closed out, a net change of +18 holders.
- The largest AppFolio buyer in Q4 2017 was Millennium Management, an estimated $16.4M added.
- The largest AppFolio seller in Q4 2017 was Dragoneer Investment Group, an estimated $24M sold.
Based on aggregated 13F filings for Q4 2017.