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AppFolio
APPF

214 hedge funds and large institutions have $2.78B invested in AppFolio in 2023 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 72 increasing their positions, 65 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,534% more call options, than puts

Call options by funds: $17.2M | Put options by funds: $1.05M

115% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 20

36% more capital invested

Capital invested by funds: $2.05B → $2.78B (+$736M)

11% more funds holding

Funds holding: 192 → 214 (+22)

11% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 65

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

1.77% less ownership

Funds ownership: 79.67% → 77.9% (-1.8%)

Holders
214
Holders Change
+22
Holders Change %
+11.46%
% of All Funds
3.36%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
43
Increased
72
Reduced
65
Closed
20
Calls
$17.2M
Puts
$1.05M
Net Calls
+$16.1M
Net Calls Change
+$7.51M

Top Buyers

1
NCM
Nellore Capital Management
California
+$19.5M
2
DCM
Driehaus Capital Management
Illinois
+$19.5M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$12.8M
4
ACM
Atika Capital Management
New York
+$9.25M
5
Prudential Financial
Prudential Financial
New Jersey
+$7.14M

Top Sellers

1
BCM
Brown Capital Management
Maryland
-$104M
2
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
-$15M
3
DIGDR
Dynamo Internacional Gestao de Recursos
Brazil
-$11.5M
4
ESCM
Echo Street Capital Management
New York
-$7.23M
5
LWM
Long Walk Management
Connecticut
-$6.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
1
Brown Capital Management
Maryland
$343M -$104M -714,582 -26%
Vanguard Group
2
Vanguard Group
Pennsylvania
$337M +$12.8M +87,949 +5%
ACM
3
Ashe Capital Management
New Jersey
$282M – – –
ESCM
4
Echo Street Capital Management
New York
$278M -$7.23M -49,664 -3%
BlackRock
5
BlackRock
New York
$262M +$6.2M +42,573 +3%
FAM
6
Fred Alger Management
New York
$87.7M +$3.08M +21,132 +4%
State Street
7
State Street
Massachusetts
$71.6M +$438K +3,010 +0.7%
GGHC
8
Gilder Gagnon Howe & Co
New York
$66.5M -$644K -4,421 -1%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$66.3M +$1.54M +10,569 +3%
DDC
10
DF Dent & Co
Maryland
$63.5M -$1.63M -11,187 -3%
GKIM
11
GW&K Investment Management
Massachusetts
$58.9M +$2.36M +16,231 +5%
New York State Common Retirement Fund
12
New York State Common Retirement Fund
New York
$57.8M -$15M -102,911 -23%
NCM
13
Nellore Capital Management
California
$53.6M +$19.5M +134,089 +76%
1WCM
14
12 West Capital Management
New York
$51.6M – – –
DIGDR
15
Dynamo Internacional Gestao de Recursos
Brazil
$42.8M -$11.5M -79,073 -24%
Northern Trust
16
Northern Trust
Illinois
$34.4M +$1.23M +8,431 +4%
IHG
17
Insight Holdings Group
New York
$32.6M +$976K +6,700 +4%
First Trust Advisors
18
First Trust Advisors
Illinois
$26.9M +$156K +1,073 +0.7%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$26.5M +$353K +2,421 +2%
Norges Bank
20
Norges Bank
Norway
$26.2M -$2.49M -17,096 -10%
RIM
21
Ranger Investment Management
Texas
$25.8M +$664K +4,560 +3%
Charles Schwab
22
Charles Schwab
California
$24.6M +$101K +697 +0.5%
DCM
23
Driehaus Capital Management
Illinois
$23M +$19.5M +133,855 New
EAM
24
Eagle Asset Management
Florida
$22.3M +$147K +1,008 +0.8%
Renaissance Technologies
25
Renaissance Technologies
New York
$20.2M -$4.34M -29,800 -20%
1
2 3 4 5

APPF Hedge Fund Activity: Q2 2023 in Review

214 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q2 2023, worth a combined $2.78B — up 36% from $2.05B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new APPF positions and 20 closed out — a net gain of 23 holders — while 72 added to existing stakes and 65 trimmed.

The largest buyer was Nellore Capital Management, adding an estimated $19.5M. The largest seller was Brown Capital Management, cutting an estimated $104M.

  • 214 institutional investors held AppFolio (APPF) as of Q2 2023, up from 192 in Q1 2023.
  • Funds reported $2.78B of AppFolio stock for Q2 2023, up 36% quarter-over-quarter.
  • 43 funds opened new AppFolio positions in Q2 2023 and 20 closed out, a net change of +23 holders.
  • The largest AppFolio buyer in Q2 2023 was Nellore Capital Management, an estimated $19.5M added.
  • The largest AppFolio seller in Q2 2023 was Brown Capital Management, an estimated $104M sold.

Based on aggregated 13F filings for Q2 2023.