AppFolio
APPF
381 hedge funds and large institutions have $4.39B invested in AppFolio in 2025 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 135 increasing their positions, 130 reducing their positions, and 78 closing their positions.
138% more call options, than puts
Call options by funds: $16.6M | Put options by funds: $6.95M
3.29% more ownership
Funds ownership: 82.52% → 85.81% (+3.3%)
4% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 130
8% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 78
2% less funds holding
Funds holding: 388 → 381 (-7)
7% less capital invested
Capital invested by funds: $4.7B → $4.39B (-$312M)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$96.9M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$81.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$57.1M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$50.5M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$38.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$108M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$42.5M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$27.4M |
| 4 |
WC
Westwind Capital
Las Cruces,
New Mexico
|
-$19.1M |
| 5 |
BCM
Brown Capital Management
Baltimore,
Maryland
|
-$16.1M |
APPF Hedge Fund Activity: Q1 2025 in Review
381 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q1 2025, worth a combined $4.39B — down 6.6% from $4.7B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of APPF and 72 opened new positions — a net loss of 6 holders — while 130 trimmed existing stakes and 135 added.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $96.9M. The largest seller was AQR Capital Management, cutting an estimated $108M.
- 381 institutional investors held AppFolio (APPF) as of Q1 2025, down from 388 in Q4 2024.
- Funds reported $4.39B of AppFolio stock for Q1 2025, down 6.6% quarter-over-quarter.
- 72 funds opened new AppFolio positions in Q1 2025 and 78 closed out, a net change of -6 holders.
- The largest AppFolio buyer in Q1 2025 was William Blair Investment Management, an estimated $96.9M added.
- The largest AppFolio seller in Q1 2025 was AQR Capital Management, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2025.