AppFolio
APPF
385 hedge funds and large institutions have $4.73B invested in AppFolio in 2025 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 118 increasing their positions, 156 reducing their positions, and 56 closing their positions.
491% more call options, than puts
Call options by funds: $23.5M | Put options by funds: $3.98M
13% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 56
8% more capital invested
Capital invested by funds: $4.39B → $4.73B (+$346M)
3.35% more ownership
Funds ownership: 85.81% → 89.16% (+3.4%)
1% more funds holding
Funds holding: 381 → 385 (+4)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
24% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 156
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$93.9M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$87.2M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$67.8M |
| 4 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$52.1M |
| 5 |
ACM
Ashe Capital Management
Englewood Cliffs,
New Jersey
|
+$42.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$59.2M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$54.9M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$38.3M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$36.5M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$23.6M |
APPF Hedge Fund Activity: Q2 2025 in Review
385 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q2 2025, worth a combined $4.73B — up 7.9% from $4.39B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new APPF positions and 56 closed out — a net gain of 7 holders — while 118 added to existing stakes and 156 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $93.9M. The largest seller was Fidelity Investments, cutting an estimated $59.2M.
- 385 institutional investors held AppFolio (APPF) as of Q2 2025, up from 381 in Q1 2025.
- Funds reported $4.73B of AppFolio stock for Q2 2025, up 7.9% quarter-over-quarter.
- 63 funds opened new AppFolio positions in Q2 2025 and 56 closed out, a net change of +7 holders.
- The largest AppFolio buyer in Q2 2025 was Principal Financial Group, an estimated $93.9M added.
- The largest AppFolio seller in Q2 2025 was Fidelity Investments, an estimated $59.2M sold.
Based on aggregated 13F filings for Q2 2025.