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Appfolio Inc

APPF
Exchange
Nasdaq
Industry
Services-Prepackaged Software
SEC CIK
0001433195

In the last 90 days, Appfolio Inc insiders filed 0 open-market purchases and 24 sales; 394 institutions reported holding it in 13F filings for Q2 2026, worth $3.77B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Appfolio Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
404
−2 vs. Q3 2025
Shares held
21.0M
+975.8K (+4.9%) vs. Q3 2025
Total value
$4.88B
−$624.0M (−11.3%) vs. Q3 2025
New holders
61
156 more added
Sold out
63
132 more reduced

5 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting APPF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 404 institutions
Q1 2021: 158 institutionsQ2 2021: 160 institutionsQ3 2021: 155 institutionsQ4 2021: 150 institutionsQ1 2022: 174 institutionsQ2 2022: 156 institutionsQ3 2022: 162 institutionsQ4 2022: 188 institutionsQ1 2023: 193 institutionsQ2 2023: 214 institutionsQ3 2023: 246 institutionsQ4 2023: 295 institutionsQ1 2024: 366 institutionsQ2 2024: 391 institutionsQ3 2024: 385 institutionsQ4 2024: 388 institutionsQ1 2025: 381 institutionsQ2 2025: 385 institutionsQ3 2025: 411 institutionsQ4 2025: 404 institutionsQ1 2026: 399 institutionsQ2 2026: 394 institutions
Value heldQ4 2025: $4.88B
Q1 2021: $2.29BQ2 2021: $2.29BQ3 2021: $1.93BQ4 2021: $1.95BQ1 2022: $1.78BQ2 2022: $1.46BQ3 2022: $1.70BQ4 2022: $1.67BQ1 2023: $2.05BQ2 2023: $2.78BQ3 2023: $3.01BQ4 2023: $3.01BQ1 2024: $4.86BQ2 2024: $4.61BQ3 2024: $4.50BQ4 2024: $4.70BQ1 2025: $4.38BQ2 2025: $4.73BQ3 2025: $5.52BQ4 2025: $4.88BQ1 2026: $3.41BQ2 2026: $3.77B
Institutions holding APPF and their total value by quarter
QuarterHoldersValue
Q2 2026394$3.77B
Q1 2026399$3.41B
Q4 2025404$4.88B
Q3 2025411$5.52B
Q2 2025385$4.73B
Q1 2025381$4.38B
Q4 2024388$4.70B
Q3 2024385$4.50B
Q2 2024391$4.61B
Q1 2024366$4.86B
Q4 2023295$3.01B
Q3 2023246$3.01B
Q2 2023214$2.78B
Q1 2023193$2.05B
Q4 2022188$1.67B
Q3 2022162$1.70B
Q2 2022156$1.46B
Q1 2022174$1.78B
Q4 2021150$1.95B
Q3 2021155$1.93B
Q2 2021160$2.29B
Q1 2021158$2.29B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Appfolio Inc; share changes are against Q3 2025.

Institutions holding APPF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Brinker Capital Investments, LLC14,149$3.29M0.02%−806−5.4%Reduced
EFG International AG14,145$3.29M0.06%+14,145New
Baker Avenue Asset Management, LP15,330$3.57M0.08%−821−5.1%Reduced
Kerrisdale Advisers, LLC16,016$3.73M1.76%+1,238+8.4%Added
Channel Wealth LLC16,488$3.84M0.97%−25−0.2%Reduced
Manufacturers Life Insurance Company, The16,687$3.88M0.00%−271−1.6%Reduced
Alamar Capital Management, LLC17,065$3.97M2.19%−1,125−6.2%Reduced
State Board of Administration of Florida Retirement System18,126$4.22M0.01%+460+2.6%Added
Advisors Capital Management, LLC19,285$4.49M0.05%−266−1.4%Reduced
Franklin Resources Inc19,634$4.57M0.00%+1,209+6.6%Added
KCM Investment Advisors LLC19,686$4.58M0.15%+19,686New
Janus Henderson Group PLC19,872$4.62M0.00%−48,683−71.0%Reduced
California State Teachers Retirement System20,651$4.80M0.00%−19−0.1%Reduced
Victory Capital Management Inc22,448$5.22M0.00%−1,822−7.5%Reduced
Ameriprise Financial Inc22,737$5.29M0.00%−587−2.5%Reduced
Zevenbergen Capital Investments LLC23,800$5.54M0.12%00.0%Unchanged
Alliancebernstein L.P.24,670$5.74M0.00%−7,443−23.2%Reduced
Crosslink Capital Inc25,025$5.82M0.45%+25,025New
Balyasny Asset Management LLC25,456$5.92M0.01%+25,456New
Great West Life Assurance Co25,594$5.96M0.01%−5,932−18.8%Reduced
Two Sigma Advisers, LP26,606$6.19M0.01%+25,720+2,902.9%Added
Panagora Asset Management Inc27,288$6.35M0.02%+27,288New
Retirement Systems of Alabama27,692$6.44M0.02%+39+0.1%Added
Barclays PLC29,821$6.94M0.00%+8,207+38.0%Added
AQR Capital Management LLC30,300$7.05M0.00%+4,471+17.3%Added
Thrivent Financial for Lutherans31,646$7.36M0.01%+7,398+30.5%Added
Man Group plc32,038$7.45M0.01%−13,027−28.9%Reduced
Natixis Advisors, L.P.32,325$7.52M0.01%−1,668−4.9%Reduced
Legal & General Group Plc33,432$7.78M0.00%−1,700−4.8%Reduced
Quantum Capital Management, LLC34,366$8.00M0.93%+34,366New
TFJ Management, LLC36,166$8.41M6.06%+2,136+6.3%Added
Edgestream Partners, L.P.36,779$8.56M0.24%+32,720+806.1%Added
Squarepoint Ops LLC37,601$8.75M0.02%+3,981+11.8%Added
Verition Fund Management LLC37,651$8.76M0.05%+4,657+14.1%Added
Nordea Investment Management AB37,558$8.79M0.01%+37,558New
Mission Wealth Management, LP39,107$9.10M0.19%−10,094−20.5%Reduced
Nicholas Investment Partners, LP39,591$9.21M0.67%+2,308+6.2%Added
UBS Group AG39,965$9.30M0.00%−14,030−26.0%Reduced
SEI Investments Co40,007$9.31M0.01%+7,318+22.4%Added
Creative Planning41,004$9.54M0.01%−1,486−3.5%Reduced
Quantinno Capital Management LP41,216$9.59M0.02%+18,345+80.2%Added
Bridgewater Associates, LP42,436$9.87M0.04%+1,842+4.5%Added
Swiss National Bank42,840$9.97M0.01%+440+1.0%Added
Royal Bank of Canada43,884$10.2M0.00%−40,188−47.8%Reduced
Atika Capital Management LLC44,500$10.4M1.44%00.0%Unchanged
Insight Holdings Group, LLC44,550$10.4M0.78%−108,050−70.8%Reduced
LPL Financial LLC44,594$10.4M0.00%+32,875+280.5%Added
Goldman Sachs Group Inc44,958$10.5M0.00%+12,235+37.4%Added
Toroso Investments, LLC46,757$10.9M0.05%+45,313+3,138.0%Added
Rockefeller Capital Management L.P.52,416$12.2M0.02%+52,358+90,272.4%Added
Blair William & Co53,626$12.5M0.03%−634−1.2%Reduced
EULAV Asset Management55,449$12.9M0.34%00.0%Unchanged
New York State Common Retirement Fund57,619$13.4M0.02%00.0%Unchanged
UBS Asset Management Americas Inc57,767$13.4M0.00%+1,290+2.3%Added
Envestnet Asset Management Inc60,646$14.1M0.00%−4,695−7.2%Reduced
Rhumbline Advisers60,879$14.2M0.01%−1,657−2.6%Reduced
Nuveen, LLC62,479$14.5M0.00%+4,528+7.8%Added
Loomis Sayles & Co L P63,940$14.9M0.02%+63,940New
Sone Capital Management, LLC64,542$15.0M1.22%+31,404+94.8%Added
JPMorgan Chase & Co80,657$18.8M0.00%+26,314+48.4%Added
Russell Investments Group, Ltd.85,613$19.9M0.02%+21,596+33.7%Added
Norges Bank97,976$22.8M0.00%+97,976New
Raymond James Financial Inc97,919$23.0M0.01%+3,835+4.1%Added
Wells Fargo & Company99,518$23.2M0.00%−8,816−8.1%Reduced
Two Sigma Investments, LP99,876$23.2M0.03%+85,867+612.9%Added
Wealth Enhancement Advisory Services, LLC109,089$25.6M0.03%+79,069+263.4%Added
Ranger Investment Management, L.P.114,290$26.6M1.82%−305−0.3%Reduced
Capital Impact Advisors, LLC128,314$29.9M2.34%+92,936+262.7%Added
Jennison Associates LLC129,401$30.1M0.02%+4,819+3.9%Added
Caisse de Depot Et Placement du Quebec139,629$32.5M0.06%−9,112−6.1%Reduced
Renaissance Technologies LLC146,520$34.1M0.05%−17,982−10.9%Reduced
GW&K Investment Management, LLC149,087$34.7M0.30%+5,684+4.0%Added
Brown Capital Management LLC152,123$35.4M2.90%−189,819−55.5%Reduced
Charles Schwab Investment Management Inc154,947$36.0M0.01%−3,261−2.1%Reduced
Marshall Wace, LLP169,929$39.5M0.04%+50,385+42.1%Added
Bank of New York Mellon Corp179,159$41.7M0.01%−8,135−4.3%Reduced
First Trust Advisors LP182,591$42.5M0.03%+94,052+106.2%Added
Jacobs Levy Equity Management, Inc186,393$43.4M0.17%+74,763+67.0%Added
Greenstone Partners & Co., LLC187,609$43.6M8.48%+54,833+41.3%Added
Hudson Way Capital Management LLC202,853$47.2M3.75%+9,257+4.8%Added
Northern Trust Corp212,285$49.4M0.01%−33,642−13.7%Reduced
Fiera Capital Corp213,151$49.6M0.16%+50,275+30.9%Added
FMR LLC259,656$60.4M0.00%−235,321−47.5%Reduced
Morgan Stanley275,549$64.1M0.00%+31,369+12.8%Added
Millennium Management LLC281,495$65.5M0.05%+172,627+158.6%Added
Bank of America Corp283,962$66.1M0.00%+89,837+46.3%Added
Dimensional Fund Advisors LP287,027$66.8M0.01%+8,466+3.0%Added
Caledonia (Private) Investments Pty Ltd332,635$77.4M1.48%+104,609+45.9%Added
Citadel Advisors LLC358,915$83.5M0.06%+331,938+1,230.4%Added
Arrowstreet Capital, Limited Partnership361,101$84.0M0.05%+43,688+13.8%Added
Long Walk Management LP381,750$88.8M19.76%+93,250+32.3%Added
DF Dent & Co Inc401,494$93.4M1.34%−26,104−6.1%Reduced
Invesco Ltd.416,260$96.8M0.01%+20,609+5.2%Added
Gilder Gagnon Howe & Co LLC419,431$97.6M1.03%−98,319−19.0%Reduced
Geode Capital Management, LLC472,491$109.9M0.01%+11,588+2.5%Added
Kayne Anderson Rudnick Investment Management LLC520,509$121.1M0.33%−95,117−15.5%Reduced
Nellore Capital Management LLC529,696$123.2M13.80%+54,732+11.5%Added
William Blair Investment Management, LLC638,241$148.5M0.41%+86,272+15.6%Added
Price T Rowe Associates Inc669,317$155.7M0.02%+98,230+17.2%Added
State Street Corp685,656$159.5M0.01%+7,585+1.1%Added