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AppFolio Ownership | Who Owns AppFolio?


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AppFolio Ownership Summary


AppFolio is owned by 66.26% institutional investors, 3.97% insiders, and 29.77% retail investors. Blackrock funding, inc. /de is the largest institutional shareholder, holding 7.41% of APPF shares. Principal Aligned MidCap Equity is the top mutual fund, with 3.27% of its assets in AppFolio shares.

APPF Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockAppFolio66.26%3.97%29.77%
SectorTechnology Stocks 78.07%14.90%7.03%
IdeaSaaS Stocks List75.83%6.55%17.62%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Blackrock funding, inc. /de2.65M7.41%$424.27M
Vanguard group2.56M7.11%$595.69M
Blackrock2.16M5.98%$527.93M
Principal financial group1.61M4.50%$257.39M
Ashe capital management, lp1.05M2.94%$168.03M
Vanguard capital management1.04M2.92%$166.99M
State street766.13K2.15%$122.85M
William blair investment management721.83K2.02%$115.74M
London co of virginia703.15K1.97%$112.75M
Price t rowe associates inc /md/700.36K1.96%$112.30M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Ashe capital management, lp1.05M18.04%$168.03M
Nellore capital management654.87K11.66%$105.01M
Lead edge capital management399.66K11.64%$64.08M
Long walk management lp304.88K11.09%$48.89M
Tencore partners, lp88.27K11.02%$14.15M
Keenan capital334.56K10.61%$53.65M
Greenstone partners273.62K10.14%$43.87M
Greenstone partners132.78K6.69%$36.60M
Brown capital management99.55K3.19%$15.96M
Hmi capital management75.00K1.69%$12.03M

Top Buyers

HolderShares% AssetsChange
London co of virginia703.15K0.64%703.15K
Neuberger berman group394.16K0.04%392.65K
Morgan stanley581.83K0.00%274.54K
Invesco334.09K0.00%228.37K
Wellington management group llp224.90K0.01%224.90K

Top Sellers

HolderShares% AssetsChange
Lord, abbett---459.29K
Blackrock2.16M0.01%-426.20K
Jacobs levy equity management26.71K0.02%-340.42K
Hudson way capital management---202.85K
Arrowstreet capital, limited partnership234.10K0.02%-150.43K

New Positions

HolderShares% AssetsChangeValue
London co of virginia703.15K0.64%703.15K$112.75M
Wellington management group llp224.90K0.01%224.90K$36.06M
Sixth street partners management company165.03K0.00%165.03K$26.46M
Greenstone partners132.78K6.69%132.78K$36.60M
Norges bank95.58K0.00%95.58K$15.33M

Sold Out

HolderChange
Operose advisors-1.00
Twin peaks wealth advisors-1.00
Tfc financial management-1.00
Advisornet financial-1.00
Bay harbor wealth management-1.00

Institutional Ownership Trends


DateHoldingsChange %SharesChange %OwnershipChange %Increased PositionChange %Decreased PositionChange %
Jun 30, 2026404-1.22%23,652,8199.48%661.84%223-14.23%13526.17%
Mar 31, 2026401-3.61%21,089,4990.68%581.73%25618.52%104-21.80%
Dec 31, 2025146-65.40%4,597,595-77.02%120.41%64-69.81%49-64.75%
Sep 30, 2025185-52.32%5,919,363-71.20%160.50%86-51.69%63-59.87%
Jun 30, 2025382-1.55%20,392,2823.64%561.93%175-16.67%15520.16%

Top Mutual Funds Shareholders


HolderShares% HoldingChange
Principal Aligned MidCap Equity1.18M3.27%79.05K
Principal MidCap R51.13M3.20%-42.12K
iShares Core S&P Mid-Cap ETF824.77K2.33%25.00
Vanguard MStar Total Stk Mkt Idx Invest726.77K2.05%2.65K
Vanguard Total Stock Mkt Idx Inv724.11K2.05%-14.82K
Vanguard Morn Total Stk Mkt Idx Investor724.11K2.04%-14.82K
Vanguard US Total Market Shares ETF664.45K1.83%22.48K
Touchstone Mid Cap Y634.54K1.79%634.54K
Vanguard Information Technology ETF548.95K1.55%2.23K
Vanguard Small Cap Index524.10K1.48%1.03K

Recent Insider Transactions


DateNameRoleActivityValue
Aug 20, 2026DUCA MAURICE J-Sell$337.39K
Aug 20, 2026DUCA MAURICE J-Sell$425.32K
Aug 20, 2026DUCA MAURICE J-Sell$133.96K
Aug 20, 2026DUCA MAURICE J-Sell$151.93K
Aug 20, 2026DUCA MAURICE J-Sell$153.76K

Insider Transactions Trends


DateBuySell
2026 Q3-340
2026 Q2-14
2026 Q1-11
2025 Q4-11
2025 Q3-176

APPF Ownership FAQ


Who owns the most shares of AppFolio?

AppFolio’s largest shareholders are Blackrock funding, inc. /de (2.65M shares, 7.41%), Vanguard group (2.56M shares, 7.11%), and Blackrock (2.16M shares, 5.98%). Together, they hold 20.50% of AppFolio’s total shares outstanding.

Does Blackrock own AppFolio?

Yes, BlackRock owns 5.98% of AppFolio, totaling 2.16M shares as of Jun 2024. This represents 0.01% of BlackRock's total assets, with a market value of 527.93M$. In the last quarter, BlackRock decreased its holdings by -426K shares, a -16.49% change.

Who is AppFolio’s biggest shareholder by percentage of total assets invested?

Ashe capital management, lp is AppFolio’s biggest shareholder by percentage of total assets invested, with 18.04% of its assets in 1.05M AppFolio shares, valued at 168.03M$.

Who is the top mutual fund holder of AppFolio shares?

Principal Aligned MidCap Equity is the top mutual fund holder of AppFolio shares, with 3.27% of its total shares outstanding invested in 1.18M AppFolio shares.

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