Ranked by reported Q2 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. | 2.6M | $424.3M | +3.9% | 7.405% | 0.01% |
| 2 | PRINCIPAL FINANCIAL GROUP INC | 1.6M | $257.4M | +6.6% | 4.492% | 0.13% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.5M | $238.9M | +0.3% | 4.170% | 0.01% |
| 4 | Ashe Capital Management, LP | 1.0M | $168.0M | 0.0% | 2.933% | 18.04% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1.0M | $167.0M | -0.6% | 2.915% | 0.00% |
| 6 | STATE STREET CORP | 766K | $122.8M | +6.2% | 2.144% | 0.00% |
| 7 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 722K | $115.7M | +12.2% | 2.020% | 0.35% |
| 8 | LONDON CO OF VIRGINIA | 703K | $112.8M | — | 1.968% | 0.64% |
| 9 | Nellore Capital Management LLC | 655K | $105.0M | +2.9% | 1.833% | 11.66% |
| 10 | MORGAN STANLEY | 582K | $93.3M | +89.3% | 1.628% | 0.00% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 510K | $81.8M | +0.7% | 1.427% | 0.00% |
| 12 | Lead Edge Capital Management, LLC | 400K | $64.1M | +90.1% | 1.119% | 11.64% |
| 13 | Neuberger Berman Group LLC | 394K | $63.2M | +26072.5% | 1.103% | 0.02% |
| 14 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 352K | $56.4M | -22.6% | 0.985% | 0.18% |
| 15 | Keenan Capital, LLC | 335K | $53.6M | 0.0% | 0.936% | 10.61% |
| 16 | Invesco Ltd. | 334K | $53.6M | +216.0% | 0.935% | 0.00% |
| 17 | DIMENSIONAL FUND ADVISORS LP | 322K | $51.6M | +8.6% | 0.901% | 0.01% |
| 18 | LONG WALK MANAGEMENT LP | 305K | $48.9M | +49.1% | 0.853% | 11.09% |
| 19 | BANK OF AMERICA CORP /DE/ | 297K | $47.6M | -14.0% | 0.831% | 0.00% |
| 20 | Caledonia (Private) Investments Pty Ltd | 290K | $46.6M | -11.5% | 0.813% | 1.59% |
| 21 | Greenstone Partners & Co., LLC | 274K | $43.9M | +0.0% | 0.766% | 10.14% |
| 22 | NORTHERN TRUST CORP | 270K | $43.2M | +1.3% | 0.754% | 0.01% |
| 23 | FMR LLC | 251K | $40.3M | +95.5% | 0.703% | 0.00% |
| 24 | GILDER GAGNON HOWE & CO LLC | 250K | $40.1M | -5.7% | 0.700% | 0.41% |
| 25 | JENNISON ASSOCIATES LLC | 238K | $38.2M | +212.9% | 0.667% | 0.02% |
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 Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 394 | 0.8% | 65.27% | +5.66 pp | $3.55B | +10% |
| Q1 2026 | 397 | +0.5% | 59.61% | +1.28 pp | $3.22B | 30% |
| Q4 2025 | 395 | 0.8% | 58.33% | +3.03 pp | $4.62B | 11% |
| Q3 2025 | 398 | +6.1% | 55.30% | +5.58 pp | $5.20B | +19% |
| Q2 2025 | 375 | +2.2% | 49.72% | +2.05 pp | $4.38B | +7.9% |
| Q1 2025 | 367 | 3.2% | 47.67% | 25.96 pp | $4.06B | 45% |
| Q4 2024 | 379 | +1.1% | 73.63% | +21.80 pp | $7.33B | +84% |
| Q3 2024 | 375 | — | 51.83% | — | $3.99B | — |
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 Q2 2026 13F filings, institutional ownership of AppFolio Inc. stands at 65.3%, held across 394 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of APPF, with approximately 2,645,927 shares worth $0.42B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of APPF.
Our composite Smart Money Score for APPF is 42 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
58 institutions opened new positions in APPF during Q2 2026, while 63 fully exited. 202 added to existing positions and 123 trimmed.
APPF institutional ownership rose by 5.66 percentage points quarter-over-quarter, with a net change of -3 holders.
The top 10 institutions account for 50.8% of all reported 13F value in APPF, and the top 25 account for 72.6%.
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