AppFolio
APPF
399 hedge funds and large institutions have $3.41B invested in AppFolio in 2026 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 184 increasing their positions, 106 reducing their positions, and 75 closing their positions.
513% more call options, than puts
Call options by funds: $26M | Put options by funds: $4.25M
74% more repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 106
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
1% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 75
1% less funds holding
Funds holding: 403 → 399 (-4)
1.98% less ownership
Funds ownership: 90.83% → 88.85% (-2%)
30% less capital invested
Capital invested by funds: $4.88B → $3.41B (-$1.46B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Keenan Capital
Burlingame,
California
|
+$63.4M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$49.3M |
| 3 |
LECM
Lead Edge Capital Management
New York
|
+$39.8M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$34.2M |
| 5 |
BlackRock
New York
|
+$33.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$58.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$54.6M |
| 3 |
HWCM
Hudson Way Capital Management
Dallas,
Texas
|
-$47.2M |
| 4 |
LWM
Long Walk Management
Greenwich,
Connecticut
|
-$33.6M |
| 5 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
-$29.9M |
APPF Hedge Fund Activity: Q1 2026 in Review
399 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in AppFolio (APPF) for Q1 2026, worth a combined $3.41B — down 30% from $4.88B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new APPF positions and 75 closed out — a net gain of 1 holder — while 184 added to existing stakes and 106 trimmed.
The largest buyer was Keenan Capital, opening a new position worth an estimated $63.4M. The largest seller was Invesco, cutting an estimated $58.8M.
- 399 institutional investors held AppFolio (APPF) as of Q1 2026, down from 403 in Q4 2025.
- Funds reported $3.41B of AppFolio stock for Q1 2026, down 30% quarter-over-quarter.
- 76 funds opened new AppFolio positions in Q1 2026 and 75 closed out, a net change of +1 holder.
- The largest AppFolio buyer in Q1 2026 was Keenan Capital, an estimated $63.4M added.
- The largest AppFolio seller in Q1 2026 was Invesco, an estimated $58.8M sold.
Based on aggregated 13F filings for Q1 2026.