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AppFolio

396 hedge funds and large institutions have $3.41B invested in AppFolio in 2026 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 183 increasing their positions, 106 reducing their positions, and 74 closing their positions.

New
Increased
Maintained
Reduced
Closed

513% more call options, than puts

Call options by funds: $26M | Put options by funds: $4.25M

73% more repeat investments, than reductions

Existing positions increased: 183 | Existing positions reduced: 106

43% more funds holding in top 10

Funds holding in top 10: 710 (+3)

0% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 74

2% less funds holding

Funds holding: 403396 (-7)

2.06% less ownership

Funds ownership: 90.83%88.78% (-2.1%)

30% less capital invested

Capital invested by funds: $4.88B → $3.41B (-$1.47B)

Holders
396
Holders Change
-7
Holders Change %
-1.74%
% of All Funds
4.88%
Holding in Top 10
10
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+42.86%
% of All Funds
0.12%
New
74
Increased
183
Reduced
106
Closed
74
Calls
$26M
Puts
$4.25M
Net Calls
+$21.8M
Net Calls Change
-$28M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$402M +$33.9M +178,750 +8%
Principal Financial Group
2
Principal Financial Group
Iowa
$238M +$49.3M +259,933 +21%
VPM
3
Vanguard Portfolio Management
Pennsylvania
$234M +$281M +1,485,373 New
VCM
4
Vanguard Capital Management
Pennsylvania
$165M +$199M +1,047,945 New
ACM
5
Ashe Capital Management
New Jersey
$165M -$5.68M -30,000 -3%
State Street
6
State Street
Massachusetts
$114M +$6.82M +36,001 +5%
William Blair Investment Management
7
William Blair Investment Management
Illinois
$102M +$945K +4,990 +0.8%
NCM
8
Nellore Capital Management
California
$100M +$20.2M +106,606 +20%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$81M -$29.5M -155,876 -23%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$79.9M +$6.4M +33,798 +7%
Kayne Anderson Rudnick Investment Management
11
Kayne Anderson Rudnick Investment Management
California
$71.7M -$12.5M -66,046 -13%
Arrowstreet Capital
12
Arrowstreet Capital
Massachusetts
$60.7M +$4.44M +23,428 +6%
Jacobs Levy Equity Management
13
Jacobs Levy Equity Management
New Jersey
$57.9M +$34.2M +180,735 +97%
Bank of America
14
Bank of America
North Carolina
$54.5M +$11.7M +61,641 +22%
KC
15
Keenan Capital
California
$52.8M +$63.4M +334,557 New
CIA
16
Caledonia Investments (Australia)
Australia
$51.8M -$826K -4,358 -1%
DDC
17
DF Dent & Co
Maryland
$50.6M -$15.3M -80,982 -20%
Morgan Stanley
18
Morgan Stanley
New York
$48.5M +$6.01M +31,741 +12%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$46.8M +$1.82M +9,600 +3%
GPC
20
Greenstone Partners & Co
California
$43.2M +$16.3M +85,888 +46%
Northern Trust
21
Northern Trust
Illinois
$42M +$10.2M +53,860 +25%
GGHC
22
Gilder Gagnon Howe & Co
New York
$41.9M -$29.2M -154,101 -37%
Renaissance Technologies
23
Renaissance Technologies
New York
$35.9M +$15.3M +80,760 +55%
Fiera Capital (Canada)
24
Fiera Capital (Canada)
Quebec, Canada
$34.8M +$1.37M +7,206 +3%
LECM
25
Lead Edge Capital Management
New York
$33.2M +$39.8M +210,260 New