Appian
APPN
232 hedge funds and large institutions have $1.11B invested in Appian in 2025 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 89 increasing their positions, 53 reducing their positions, and 30 closing their positions.
68% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 53
37% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 30
5% more funds holding
Funds holding: 221 → 232 (+11)
3% more capital invested
Capital invested by funds: $1.08B → $1.11B (+$31.4M)
0.81% more ownership
Funds ownership: 83.82% → 84.63% (+0.81%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
77% less call options, than puts
Call options by funds: $28M | Put options by funds: $124M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$22.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.5M |
| 3 |
Morgan Stanley
New York
|
+$18.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$18M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Abdiel Capital Advisors
New York
|
-$192M |
| 2 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$8.75M |
| 3 |
D.E. Shaw & Co
New York
|
-$7.89M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$6.84M |
| 5 |
PI
PineBridge Investments
New York
|
-$5.48M |
APPN Hedge Fund Activity: Q3 2025 in Review
232 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Appian (APPN) for Q3 2025, worth a combined $1.11B — up 2.9% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new APPN positions and 30 closed out — a net gain of 11 holders — while 89 added to existing stakes and 53 trimmed.
The largest buyer was Wolf Hill Capital Management, adding an estimated $22.4M. The largest seller was Abdiel Capital Advisors, cutting an estimated $192M.
- 232 institutional investors held Appian (APPN) as of Q3 2025, up from 221 in Q2 2025.
- Funds reported $1.11B of Appian stock for Q3 2025, up 2.9% quarter-over-quarter.
- 41 funds opened new Appian positions in Q3 2025 and 30 closed out, a net change of +11 holders.
- The largest Appian buyer in Q3 2025 was Wolf Hill Capital Management, an estimated $22.4M added.
- The largest Appian seller in Q3 2025 was Abdiel Capital Advisors, an estimated $192M sold.
Based on aggregated 13F filings for Q3 2025.