Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in APPF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 2.5M | $402.0M | +7.5% | 7.077% | 0.01% |
| 2 | PRINCIPAL FINANCIAL GROUP INC | 1.5M | $237.7M | +20.9% | 4.184% | 0.13% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.5M | $234.4M | — | 4.127% | 0.01% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.0M | $165.4M | — | 2.912% | 0.00% |
| 5 | Ashe Capital Management, LP | 1.0M | $165.4M | -2.8% | 2.912% | 20.74% |
| 6 | STATE STREET CORP | 722K | $113.9M | +5.3% | 2.005% | 0.00% |
| 7 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 643K | $101.5M | +0.8% | 1.787% | 0.34% |
| 8 | Nellore Capital Management LLC | 636K | $100.4M | +20.1% | 1.768% | 12.83% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 506K | $79.9M | +7.1% | 1.407% | 0.00% |
| 10 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 454K | $71.7M | -12.7% | 1.263% | 0.21% |
| 11 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 385K | $60.7M | +6.5% | 1.068% | 0.03% |
| 12 | JACOBS LEVY EQUITY MANAGEMENT, INC | 367K | $57.9M | +97.0% | 1.020% | 0.24% |
| 13 | BANK OF AMERICA CORP /DE/ | 346K | $54.5M | +21.7% | 0.960% | 0.00% |
| 14 | Keenan Capital, LLC | 335K | $52.8M | — | 0.930% | 11.14% |
| 15 | Caledonia (Private) Investments Pty Ltd | 328K | $51.8M | -1.3% | 0.912% | 1.51% |
| 16 | MORGAN STANLEY | 307K | $48.5M | +11.5% | 0.854% | 0.00% |
| 17 | DIMENSIONAL FUND ADVISORS LP | 297K | $46.8M | +3.3% | 0.824% | 0.01% |
| 18 | Greenstone Partners & Co., LLC | 273K | $43.2M | +45.8% | 0.760% | 10.93% |
| 19 | NORTHERN TRUST CORP | 266K | $42.0M | +25.4% | 0.739% | 0.01% |
| 20 | GILDER GAGNON HOWE & CO LLC | 265K | $41.9M | -36.7% | 0.737% | 0.50% |
| 21 | RENAISSANCE TECHNOLOGIES LLC | 227K | $35.9M | +55.1% | 0.632% | 0.06% |
| 22 | Fiera Capital Corp | 220K | $34.8M | +3.4% | 0.612% | 0.12% |
| 23 | Lead Edge Capital Management, LLC | 210K | $33.2M | — | 0.584% | 8.14% |
| 24 | LONG WALK MANAGEMENT LP | 205K | $32.3M | -46.4% | 0.568% | 9.39% |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 165K | $26.0M | +6.3% | 0.458% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in APPF — a direct measure of their conviction.
Filings activity in APPF during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 386 | 0.5% | 54.76% | 24.26 pp | $3.18B | 31% |
| Q4 2025 | 388 | 1.0% | 79.02% | 9.62 pp | $4.58B | 11% |
| Q3 2025 | 392 | +4.5% | 88.64% | +13.13 pp | $5.14B | +17% |
| Q2 2025 | 375 | +2.2% | 75.51% | +5.55 pp | $4.38B | +7.9% |
| Q1 2025 | 367 | 3.2% | 69.96% | 56.39 pp | $4.06B | 45% |
| Q4 2024 | 379 | +1.1% | 126.35% | +57.60 pp | $7.33B | +84% |
| Q3 2024 | 375 | 1.1% | 68.75% | 2.63 pp | $3.99B | 3.7% |
| Q2 2024 | 379 | — | 71.38% | — | $4.14B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying APPF stock.
Based on Q1 2026 13F filings, institutional ownership of AppFolio, Inc. stands at 54.8%, held across 386 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of APPF, with approximately 2,547,098 shares worth $0.40B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of APPF, including RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for APPF is 35 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
76 institutions opened new positions in APPF during Q1 2026, while 78 fully exited. 64 added to existing positions and 245 trimmed.
APPF institutional ownership fell by 24.26 percentage points quarter-over-quarter, with a net change of -2 holders.
The top 10 institutions account for 52.6% of all reported 13F value in APPF, and the top 25 account for 73.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
AppFolio, Inc. (APPF) Institutional Ownership