AppFolio Ownership | Who Owns AppFolio?


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AppFolio Ownership Summary


AppFolio is owned by 12.77% institutional investors, 4.60% insiders, and 82.63% retail investors. Vanguard group is the largest institutional shareholder, holding 7.11% of APPF shares. Principal Aligned MidCap Equity is the top mutual fund, with 3.10% of its assets in AppFolio shares.

APPF Ownership Benchmark


TypeName% Inst% Insiders% Retail
StockAppFolio12.77%4.60%82.63%
SectorTechnology Stocks 35.36%13.13%51.51%
IdeaSaaS Stocks List48.24%6.71%45.05%

Institutional Shareholders


Top Institutional Shareholders by Total Shares

HolderShares% HoldingValue
Vanguard group2.56M7.11%$595.69M
Blackrock funding, inc. /de2.55M7.07%$401.98M
Blackrock2.16M5.98%$527.93M
Principal financial group1.51M4.18%$237.66M
Ashe capital management, lp1.33M3.71%$366.98M
State street678.07K1.89%$186.92M
Aqr capital management655.63K1.81%$161.76M
William blair investment management643.23K1.79%$101.51M
Kayne anderson rudnick investment management615.63K1.71%$169.70M
Price t rowe associates inc /md/571.09K1.59%$157.43M

Top Institutional Shareholders by % of Total Assets

HolderShares% AssetsValue
Ashe capital management, lp1.33M25.87%$366.98M
Long walk management lp381.75K19.76%$88.81M
Nellore capital management474.96K14.28%$130.93M
Tencore partners, lp109.91K13.48%$17.35M
Greenstone partners132.78K6.69%$36.60M
Greenstone partners111.74K6.52%$24.57M
Tfj management34.03K6.32%$9.38M
Hudson way capital management193.60K4.53%$53.37M
Brown capital management341.94K3.88%$94.26M
Insight group152.60K2.60%$42.07M

Top Buyers

HolderShares% AssetsChange
Principal financial group1.51M0.13%259.93K
Aqr capital management655.63K0.21%197.70K
Hudson way capital management193.60K4.53%193.60K
Blackrock funding, inc. /de2.55M0.01%178.75K
Vanguard fiduciary trust153.48K0.01%153.48K

Top Sellers

HolderShares% AssetsChange
Lord, abbett---459.29K
Blackrock2.16M0.01%-426.20K
Invesco105.72K0.00%-310.54K
Brown capital management341.94K3.88%-236.80K
Artisan partners limited partnership---108.64K

New Positions

HolderShares% AssetsChangeValue
Hudson way capital management193.60K4.53%193.60K$53.37M
Vanguard fiduciary trust153.48K0.01%153.48K$24.22M
Greenstone partners132.78K6.69%132.78K$36.60M
Tencore partners, lp109.91K13.48%109.91K$17.35M
Norges bank97.98K0.00%97.98K$22.79M

Sold Out

HolderChange
Bay harbor wealth management-1.00
Turning point benefit group-1.00
Advisornet financial-1.00
Tfc financial management-1.00
Hfm investment advisors-1.00

Institutional Ownership Trends


DateHoldingsChange %SharesChange %OwnershipChange %Increased PositionChange %Decreased PositionChange %
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%
Mar 31, 202514-96.44%1,615,800-91.52%40.16%9-95.57%4-96.95%
Dec 31, 2024386-1.78%19,044,2821.01%521.95%197-6.19%1317.38%

Top Mutual Funds Shareholders


HolderShares% HoldingChange
Principal Aligned MidCap Equity1.10M3.10%199.06K
Principal MidCap R51.08M3.05%19.88K
iShares Core S&P Mid-Cap ETF820.71K2.32%-416.00
Vanguard Total Stock Mkt Idx Inv735.82K2.04%45.58K
Vanguard US Total Market Shares ETF664.45K1.83%22.48K
Vanguard Information Technology ETF535.54K1.49%-545.00
Vanguard Small Cap Index534.04K1.48%35.87K
Vanguard Small Cap Growth Index Inv299.24K0.83%22.82K
Vanguard Institutional Extnd Mkt Idx Tr272.05K0.76%20.53K
Virtus KAR Small-Cap Growth I264.13K0.73%-107.30K

Recent Insider Transactions


DateNameRoleActivityValue
May 12, 2026Barat Elizabeth Erin Chief People OfficerSell$312.76K
Feb 17, 2026Trigg William Shane Chief Executive OfficerSell$355.20K
Feb 17, 2026Trigg William Shane Chief Executive OfficerSell$336.25K
Feb 17, 2026Trigg William Shane Chief Executive OfficerSell$53.45K
Feb 17, 2026Trigg William Shane Chief Executive OfficerSell$235.11K

Insider Transactions Trends


DateBuySell
2026 Q2-1
2026 Q1-11
2025 Q4-11
2025 Q3-176
2025 Q2103

APPF Ownership FAQ


Who owns the most shares of AppFolio?

AppFolio’s largest shareholders are Vanguard group (2.56M shares, 7.11%), Blackrock funding, inc. /de (2.55M shares, 7.07%), and Blackrock (2.16M shares, 5.98%). Together, they hold 20.16% 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 25.87% of its assets in 1.33M AppFolio shares, valued at 366.98M$.

Who is the top mutual fund holder of AppFolio shares?

Principal Aligned MidCap Equity is the top mutual fund holder of AppFolio shares, with 3.10% of its total shares outstanding invested in 1.1M AppFolio shares.

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