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AppFolio
APPF

192 hedge funds and large institutions have $2.05B invested in AppFolio in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 52 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,501% more call options, than puts

Call options by funds: $9.17M | Put options by funds: $573K

44% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 52

24% more capital invested

Capital invested by funds: $1.66B → $2.05B (+$394M)

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

2% more funds holding

Funds holding: 188 → 192 (+4)

1.98% more ownership

Funds ownership: 77.69% → 79.67% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

Holders
192
Holders Change
+4
Holders Change %
+2.13%
% of All Funds
3.06%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
34
Increased
75
Reduced
52
Closed
29
Calls
$9.17M
Puts
$573K
Net Calls
+$8.6M
Net Calls Change
+$3.83M

Top Buyers

1
GKIM
GW&K Investment Management
Massachusetts
+$39.3M
2
DDC
DF Dent & Co
Maryland
+$26.6M
3
ESCM
Echo Street Capital Management
New York
+$22.7M
4
Bank of America
Bank of America
North Carolina
+$5.84M
5
EAM
Eagle Asset Management
Florida
+$5.02M

Top Sellers

1
DIGDR
Dynamo Internacional Gestao de Recursos
Brazil
-$12.7M
2
BCM
Brown Capital Management
Maryland
-$11.1M
3
LPP
Long Path Partners
Connecticut
-$10.7M
4
SRFM
Shannon River Fund Management
New York
-$7.71M
5
PGDP
Pragma Gestao de Patrimonio
Brazil
-$4.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
1
Brown Capital Management
Maryland
$337M -$11.1M -92,118 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$232M +$3.92M +32,507 +2%
ESCM
3
Echo Street Capital Management
New York
$208M +$22.7M +188,402 +13%
ACM
4
Ashe Capital Management
New Jersey
$204M – – –
BlackRock
5
BlackRock
New York
$184M +$2.22M +18,395 +1%
FAM
6
Fred Alger Management
New York
$60.8M -$1.04M -8,636 -2%
New York State Common Retirement Fund
7
New York State Common Retirement Fund
New York
$54.6M -$462K -3,833 -0.9%
State Street
8
State Street
Massachusetts
$51.4M +$2.28M +18,861 +5%
GGHC
9
Gilder Gagnon Howe & Co
New York
$48.7M -$785K -6,505 -2%
DDC
10
DF Dent & Co
Maryland
$47.3M +$26.6M +220,680 +139%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$46.7M +$2.34M +19,424 +5%
DIGDR
12
Dynamo Internacional Gestao de Recursos
Brazil
$40.8M -$12.7M -104,878 -24%
GKIM
13
GW&K Investment Management
Massachusetts
$40.6M +$39.3M +325,825 New
1WCM
14
12 West Capital Management
New York
$37.3M – – –
Northern Trust
15
Northern Trust
Illinois
$23.9M +$625K +5,177 +3%
IHG
16
Insight Holdings Group
New York
$22.8M +$1.33M +11,000 +6%
NCM
17
Nellore Capital Management
California
$22.1M +$248K +2,057 +1%
Norges Bank
18
Norges Bank
Norway
$21.1M +$676K +5,600 +3%
LWM
19
Long Walk Management
Connecticut
$19.5M -$4.28M -35,500 -18%
First Trust Advisors
20
First Trust Advisors
Illinois
$19.4M -$3.63M -30,080 -16%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$18.9M -$2.28M -18,873 -11%
Renaissance Technologies
22
Renaissance Technologies
New York
$18.3M +$3.68M +30,500 +26%
RIM
23
Ranger Investment Management
Texas
$18.1M +$1.01M +8,370 +6%
Charles Schwab
24
Charles Schwab
California
$17.7M +$238K +1,975 +1%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$16.4M -$3.34M -27,645 -17%
1
2 3 4 5

APPF Hedge Fund Activity: Q1 2023 in Review

192 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q1 2023, worth a combined $2.05B — up 24% from $1.66B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new APPF positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 52 trimmed.

The largest buyer was GW&K Investment Management, opening a new position worth an estimated $39.3M. The largest seller was Dynamo Internacional Gestao de Recursos, cutting an estimated $12.7M.

  • 192 institutional investors held AppFolio (APPF) as of Q1 2023, up from 188 in Q4 2022.
  • Funds reported $2.05B of AppFolio stock for Q1 2023, up 24% quarter-over-quarter.
  • 34 funds opened new AppFolio positions in Q1 2023 and 29 closed out, a net change of +5 holders.
  • The largest AppFolio buyer in Q1 2023 was GW&K Investment Management, an estimated $39.3M added.
  • The largest AppFolio seller in Q1 2023 was Dynamo Internacional Gestao de Recursos, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2023.