Appian
APPN
213 hedge funds and large institutions have $880M invested in Appian in 2026 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 80 increasing their positions, 51 reducing their positions, and 30 closing their positions.
104% more call options, than puts
Call options by funds: $6.94M | Put options by funds: $3.4M
57% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 51
33% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 30
2% more funds holding
Funds holding: 208 → 213 (+5)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.01% less ownership
Funds ownership: 90.84% → 90.83% (-0.01%)
6% less capital invested
Capital invested by funds: $939M → $880M (-$59.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LECM
Lead Edge Capital Management
New York
|
+$21.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$10.1M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$9.67M |
| 4 |
BlackRock
New York
|
+$7.88M |
| 5 |
AC
Armistice Capital
New York
|
+$6.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFM
RPD Fund Management
New York
|
-$45.9M |
| 2 |
Morgan Stanley
New York
|
-$25.1M |
| 3 |
PCM
Prelude Capital Management
New York
|
-$8.41M |
| 4 |
Jane Street
New York
|
-$4.32M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$3.8M |
APPN Hedge Fund Activity: Q2 2026 in Review
213 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Appian (APPN) for Q2 2026, worth a combined $880M — down 6.3% from $939M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new APPN positions and 30 closed out — a net gain of 10 holders — while 80 added to existing stakes and 51 trimmed.
The largest buyer was Lead Edge Capital Management, adding an estimated $21.6M. The largest seller was RPD Fund Management, cutting an estimated $45.9M.
- 213 institutional investors held Appian (APPN) as of Q2 2026, up from 208 in Q1 2026.
- Funds reported $880M of Appian stock for Q2 2026, down 6.3% quarter-over-quarter.
- 40 funds opened new Appian positions in Q2 2026 and 30 closed out, a net change of +10 holders.
- The largest Appian buyer in Q2 2026 was Lead Edge Capital Management, an estimated $21.6M added.
- The largest Appian seller in Q2 2026 was RPD Fund Management, an estimated $45.9M sold.
Based on aggregated 13F filings for Q2 2026.