Appfolio Inc. Class AAPPF
13F holders, Q1 2025 (March 31)381holders −7
66new positions
78sold out
7famous investors
$219.97avg. 13F price*
At the end of Q1 2025, 381 institutions reported holding Appfolio Inc. Class A (APPF) in their 13F filings, down 7 from Q4 2024. 66 opened new positions and 78 sold out. The largest holders were Vanguard Group Inc. ($536.2M), BlackRock, Inc. ($528.8M) and Ashe Capital Management, LP ($249.8M). 7 famous investors held it, including Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio), Ray Dalio (0.0% of Bridgewater Associates's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Appfolio Inc. Class A
- CUSIP
- 03783C100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 66 | $203.2M |
| Exits | 78 | $163.6M |
All 13F filers, Q4 2024 → Q1 2025: 3,207,424 shares bought and 2,338,993 shares sold, net +868,431 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 381 holders
| Vanguard Group Inc. | 0.01% | Reduce -2.3% | 2,438,429 | $536.2M |
| BlackRock, Inc. | 0.01% | Reduce -0.2% | 2,404,780 | $528.8M |
| Ashe Capital Management, LP | 22.34% | Add +4.2% | 1,136,112 | $249.8M |
| FMR LLC | 0.01% | Add +41.6% | 846,178 | $186.1M |
| Kayne Anderson Rudnick Investment Management LLC | 0.42% | Add +84.4% | 773,579 | $170.1M |
| State Street Corp. | 0.01% | Add +2.5% | 714,054 | $157.0M |
| Brown Capital Management LLC | 4.06% | Reduce -10.3% | 611,829 | $134.5M |
| Gilder Gagnon Howe & Co. LLC | 1.53% | Reduce -7.0% | 532,600 | $117.1M |
| Geode Capital Management, LLC | 0.01% | Add +4.9% | 437,064 | $96.1M |
| William Blair Investment Management, LLC | 0.26% | New | 422,594 | $92.9M |
| Nellore Capital Management LLC | 12.05% | Add +8.3% | 402,739 | $88.6M |
| Principal Financial Group Inc. | 0.05% | Add +121.2% | 401,888 | $88.4M |
| DF Dent & Co. Inc. | 1.15% | Reduce -5.3% | 391,903 | $86.2M |
| Invesco Ltd. | 0.01% | Add +1.9% | 347,125 | $76.3M |
| Macquarie Group Ltd. | 0.08% | Reduce -4.3% | 306,633 | $67.4M |
| Arrowstreet Capital, Limited Partnership | 0.05% | Add +27.4% | 297,896 | $65.5M |
| Renaissance Technologies | 0.09% | Add +10.8% | 276,900 | $60.9M |
| Morgan Stanley | 0.00% | Add +7.0% | 267,221 | $58.8M |
| Norges Bank | 0.01% | Reduce -6.5% | 257,979 | $56.7M |
| Dimensional Fund Advisors LP | 0.01% | Add +31.4% | 248,948 | $54.7M |
| New York State Common Retirement Fund | 0.07% | Add +23.3% | 225,472 | $49.6M |
| Bank of New York Mellon Corp | 0.01% | Add +0.6% | 208,319 | $45.8M |
| First Trust Advisors LP | 0.04% | Add +54.5% | 198,511 | $43.7M |
| Northern Trust Corp. | 0.01% | Add +0.8% | 193,780 | $42.6M |
| Franklin Resources Inc. | 0.01% | Reduce -24.0% | 189,018 | $41.6M |
| GW&K Investment Management, LLC | 0.37% | Reduce -3.7% | 181,649 | $39.9M |
| AQR Capital Management | 0.04% | Reduce -71.9% | 184,067 | $39.7M |
| Jacobs Levy Equity Management, Inc. | 0.15% | Add +4272.4% | 172,972 | $38.0M |
| Fiera Capital Corp | 0.13% | New | 163,238 | $35.9M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -4.4% | 159,543 | $35.1M |
| Long Walk Management LP | 11.03% | Add +136.3% | 154,800 | $34.0M |
| Janus Henderson Group PLC | 0.02% | Add +96.8% | 149,179 | $33.0M |
| Bank of America Corp. | 0.00% | Add +158.7% | 136,338 | $30.0M |
| Caisse de depot et placement du Quebec | 0.06% | Add +364.4% | 130,737 | $28.7M |
| Brown Advisory Inc. | 0.04% | New | 126,419 | $27.8M |
| Nuveen, LLC | 0.01% | — | 124,894 | $27.5M |
| Ranger Investment Management, L.P. | 1.88% | Reduce -1.5% | 119,878 | $26.4M |
| Greenstone Partners & Co., LLC | 6.52% | Reduce -1.2% | 111,740 | $24.6M |
| Wells Fargo & Company | 0.01% | Add +1408.5% | 101,867 | $22.4M |
| Squarepoint Ops LLC | 0.05% | Reduce -14.2% | 101,376 | $22.3M |
| Raymond James Financial Inc. | 0.01% | Reduce -25.1% | 91,715 | $20.2M |
| Zeno Equity Partners LLP | 7.08% | Reduce -31.3% | 88,789 | $19.5M |
| Sellaronda Global Management LP | 17.75% | Add +433.3% | 80,000 | $17.6M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -38.5% | 72,725 | $16.0M |
| Envestnet Asset Management Inc. | 0.01% | Add +236.6% | 70,429 | $15.5M |
| UBS Group AG | 0.00% | Add +174.8% | 70,071 | $15.4M |
| Russell Investments Group, Ltd. | 0.02% | Add +105.6% | 69,705 | $15.3M |
| Victory Capital Management Inc. | 0.02% | Reduce -9.4% | 69,607 | $15.3M |
| Los Angeles Capital Management LLC | 0.07% | Reduce -40.5% | 68,135 | $15.0M |
| Goldman Sachs Group Inc. | 0.00% | Add +322.4% | 66,777 | $14.7M |
| Rhumbline Advisers | 0.01% | Add +0.7% | 64,229 | $14.1M |
| Sei Investments Co. | 0.02% | Add +34.9% | 61,797 | $13.6M |
| Man Group plc | 0.04% | Reduce -3.1% | 61,759 | $13.6M |
| Jennison Associates LLC | 0.01% | Add +1.0% | 61,185 | $13.5M |
| Blair William & Co. | 0.04% | Reduce -0.3% | 56,493 | $12.4M |
| EULAV Asset Management | 0.30% | No change | 55,449 | $12.2M |
| Wellington Management Group LLP | 0.00% | Reduce -39.2% | 55,257 | $12.2M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -18.1% | 54,640 | $12.0M |
| Mission Wealth Management, LP | 0.29% | Reduce -12.2% | 53,439 | $11.8M |
| AXA S.A. | 0.04% | Add +0.3% | 52,823 | $11.6M |
| JPMorgan Chase & Co. | 0.00% | Reduce -38.5% | 49,769 | $10.9M |
| Bridgewater Associates | 0.05% | Reduce -40.0% | 46,368 | $10.2M |
| Royal Bank of Canada | 0.00% | Add +22.6% | 45,452 | $10.0M |
| Atika Capital Management LLC | 1.50% | Reduce -22.3% | 44,500 | $9.8M |
| Nicholas Investment Partners, LP | 1.10% | Reduce -2.3% | 43,314 | $9.5M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.01% | No change | 42,558 | $9.4M |
| Swiss National Bank | 0.01% | Reduce -1.2% | 42,500 | $9.3M |
| CANADA LIFE ASSURANCE Co | 0.02% | Add +16.3% | 41,297 | $9.1M |
| Citadel Advisors | 0.01% | Reduce -46.4% | 36,644 | $8.1M |
| Alliancebernstein L.P. | 0.00% | Add +17.6% | 36,177 | $8.0M |
| Legal & General Group Plc | 0.00% | Add +3.1% | 35,831 | $7.9M |
| Martingale Asset Management L P | 0.19% | Add +0.1% | 34,360 | $7.6M |
| Ameriprise Financial Inc. | 0.00% | Reduce -33.7% | 33,630 | $7.4M |
| Algert Global LLC | 0.17% | Reduce -41.5% | 31,707 | $7.0M |
| Retirement Systems of Alabama | 0.02% | Add +0.8% | 28,289 | $6.2M |
| Capital Impact Advisors, LLC | 2.23% | — | 26,464 | $5.8M |
| D. E. Shaw & Co. | 0.01% | Reduce -33.0% | 26,218 | $5.8M |
| Corebridge Financial, Inc. | 0.03% | Reduce -1.7% | 25,917 | $5.7M |
| Oberndorf William E | 6.82% | Add +514.0% | 24,184 | $5.3M |
| Natixis Advisors, LLC | 0.01% | Reduce -2.6% | 23,961 | $5.3M |
| Sone Capital Management, LLC | 0.51% | New | 22,733 | $5.0M |
| Baker Avenue Asset Management, LP | 0.15% | Reduce -0.3% | 22,362 | $4.9M |
| TFJ Management, LLC | 4.64% | No change | 22,273 | $4.9M |
| Quantinno Capital Management LP | 0.03% | New | 21,852 | $4.8M |
| California State Teachers Retirement System | 0.01% | Add +4.1% | 21,349 | $4.7M |
| ExodusPoint Capital Management, LP | 0.06% | New | 21,171 | $4.7M |
| Townsquare Capital LLC | 0.05% | Add +696.6% | 20,416 | $4.5M |
| Zevenbergen Capital Investments LLC | 0.11% | Reduce -4.5% | 20,000 | $4.4M |
| Lazard Asset Management LLC | 0.01% | Reduce -32.1% | 19,396 | $4.3M |
| Manufacturers Life Insurance Company, The | 0.00% | Add +0.2% | 18,876 | $4.2M |
| Millennium Management | 0.00% | Add +237.7% | 18,055 | $4.0M |
| Channel Wealth LLC | 1.22% | No change | 17,837 | $3.9M |
| Advisors Capital Management, LLC | 0.06% | Add +42.6% | 17,221 | $3.8M |
| State Board of Administration of Florida Retirement System | 0.01% | No change | 16,561 | $3.6M |
| Azzad Asset Management Inc. | 0.40% | Add +78.8% | 15,479 | $3.4M |
| Ensign Peak Advisors, Inc | 0.01% | Reduce -35.3% | 14,761 | $3.2M |
| Edgestream Partners, L.P. | 0.11% | Reduce -14.0% | 14,181 | $3.1M |
| Amundi | 0.00% | Reduce -20.1% | 13,734 | $3.1M |
| MetLife Investment Management, LLC | 0.02% | Reduce -0.8% | 13,882 | $3.1M |
| Orion Porfolio Solutions, LLC | 0.03% | Add +81.1% | 13,757 | $3.0M |
| Orion Portfolio Solutions, LLC | 0.03% | Add +81.1% | 13,757 | $3.0M |
| Melqart Asset Management (UK) Ltd | 0.41% | New | 13,633 | $3.0M |
| EFG Asset Management (North America) Corp. | 0.50% | Add +25.9% | 13,612 | $3.0M |
| Teacher Retirement System of Texas | 0.01% | Reduce -33.9% | 13,591 | $3.0M |
| Stifel Financial Corp. | 0.00% | Add +1114.6% | 12,948 | $2.8M |
| Balyasny Asset Management L.P. | 0.01% | Add +21.3% | 12,896 | $2.8M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.02% | — | 12,721 | $2.8M |
| Allspring Global Investments Holdings, LLC | 0.00% | Reduce -8.7% | 12,406 | $2.8M |
| Ieq Capital, LLC | 0.02% | Reduce -67.2% | 12,435 | $2.7M |
| Jupiter Asset Management Ltd. | 0.03% | Reduce -79.3% | 12,239 | $2.7M |
| Creative Planning | 0.00% | Reduce -17.5% | 12,092 | $2.7M |
| Mutual of America Capital Management LLC | 0.03% | Reduce -1.9% | 11,962 | $2.6M |
| Graham Capital Management, L.P. | 0.12% | Add +3.6% | 11,869 | $2.6M |
| Federated Hermes, Inc. | 0.01% | Reduce -41.6% | 11,736 | $2.6M |
| Neuberger Berman Group LLC | 0.00% | Add +923.6% | 11,526 | $2.5M |
| Alamar Capital Management, LLC | 1.49% | New | 11,375 | $2.5M |
| Daiwa Securities Group Inc. | 0.01% | Add +59.7% | 11,213 | $2.5M |
| Amalgamated Bank | 0.02% | Reduce -1.7% | 11,066 | $2.4M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | New | 10,978 | $2.4M |
| Barclays PLC | 0.00% | Reduce -39.9% | 10,863 | $2.4M |
| Johnson Investment Counsel Inc. | 0.02% | New | 10,820 | $2.4M |
| Treasurer of the State of North Carolina | 0.01% | Add +4.1% | 10,370 | $2.3M |
| LPL Financial LLC | 0.00% | Add +131.1% | 10,279 | $2.2M |
| Verition Fund Management LLC | 0.01% | Reduce -21.9% | 9,964 | $2.2M |
| Kerrisdale Advisers, LLC | 0.90% | New | 9,748 | $2.1M |
| Voya Investment Management LLC | 0.00% | Reduce -3.5% | 9,715 | $2.1M |
| Assetmark, Inc. | 0.01% | Add +263.5% | 9,341 | $2.1M |
| Cerity Partners LLC | 0.00% | Reduce -37.9% | 9,253 | $2.0M |
| State of New Jersey Common Pension Fund D | 0.01% | Reduce -2.0% | 8,997 | $2.0M |
| State of Tennessee, Department of Treasury | 0.01% | No change | 8,923 | $2.0M |
| Lecap Asset Management Ltd. | 0.45% | Add +114.7% | 8,842 | $1.9M |
| State of Wisconsin Investment Board | 0.01% | Reduce -6.5% | 8,840 | $1.9M |
| New York State Teachers Retirement System | 0.00% | Add +80.8% | 8,773 | $1.9M |
| Zacks Investment Management | 0.02% | Add +1.7% | 8,757 | $1.9M |
| Danske Bank A/S | 0.01% | Add +15.5% | 8,676 | $1.9M |
| Davidson Kahn Capital Management, LLC | 1.47% | New | 8,656 | $1.9M |
| T. Rowe Price Investment Management, Inc. | 0.00% | Reduce -0.4% | 8,639 | $1.9M |
| Burney Co./ | 0.07% | Reduce -16.1% | 8,608 | $1.9M |
| Legacy Advisors, LLC | 0.19% | New | 10 | $1.8M |
| Police & Firemen's Retirement System of New Jersey | 0.02% | No change | 8,240 | $1.8M |
| BNP Paribas Financial Markets | 0.00% | Add +122.0% | 7,986 | $1.8M |
| Yousif Capital Management, LLC | 0.02% | Reduce -1.8% | 7,925 | $1.7M |
| Handelsbanken Fonder AB | 0.01% | Add +40.7% | 7,600 | $1.7M |
| Public Employees Retirement System of Ohio | 0.01% | Reduce -9.7% | 7,484 | $1.6M |
| Fred Alger Management, LLC | 0.01% | Reduce -51.9% | 7,473 | $1.6M |
| Canada Pension Plan Investment Board | 0.00% | Reduce -86.0% | 7,400 | $1.6M |
| Comerica Bank | 0.01% | Reduce -41.0% | 7,127 | $1.6M |
| Commonwealth Equity Services, LLC | 0.00% | Add +21.6% | 6,748 | $1.5M |
| Citigroup Inc. | 0.00% | Reduce -27.5% | 6,661 | $1.5M |
| Louisiana State Employees Retirement System | 0.03% | Add +1.6% | 6,500 | $1.4M |
| Arizona State Retirement System | 0.01% | Reduce -0.9% | 6,274 | $1.4M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 6,200 | $1.4M |
| Evanson Asset Management, LLC | 0.09% | Add +1.4% | 6,087 | $1.3M |
| Parnassus Investments, LLC | 0.00% | New | 5,863 | $1.3M |
| Zions Bancorporation, National Association | 0.08% | — | 5,794 | $1.3M |
| Nisa Investment Advisors, LLC | 0.01% | Add +833.3% | 5,749 | $1.3M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +5.8% | 5,742 | $1.3M |
| PDT Partners, LLC | 0.09% | Add +23.9% | 5,704 | $1.3M |
| Engineers Gate Manager LP | 0.02% | Reduce -11.5% | 5,634 | $1.2M |
| State of Michigan Retirement System | 0.01% | Add +1.8% | 5,600 | $1.2M |
| KLP Kapitalforvaltning As | 0.01% | Reduce -5.1% | 5,600 | $1.2M |
| Prudential Financial Inc. | 0.00% | Reduce -41.8% | 5,589 | $1.2M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Add +9.0% | 5,556 | $1.2M |
| Allianz Asset Management GmbH | 0.00% | Reduce -66.3% | 5,553 | $1.2M |
| M&T Bank Corp | 0.00% | New | 5,529 | $1.2M |
| Thrivent Financial for Lutherans | 0.00% | Add +0.3% | 5,449 | $1.2M |
| Legato Capital Management LLC | 0.16% | Reduce -1.0% | 5,402 | $1.2M |
| Northwestern Mutual Investment Management Company, LLC | 0.02% | Add +0.7% | 5,168 | $1.1M |
| Oppenheimer Asset Management Inc. | 0.01% | Add +34.8% | 5,049 | $1.1M |
| Ami Asset Management Corp. | 0.06% | Reduce -4.5% | 5,032 | $1.1M |
| Oregon Public Employees Retirement Fund | 0.02% | Add +2.1% | 4,762 | $1.0M |
| Xponance LLC | 0.01% | Add +3.6% | 4,753 | $1.0M |
| New Age Alpha Advisors, LLC | 0.05% | Reduce -7.6% | 4,678 | $1.0M |
| Ameritas Investment Partners, Inc. | 0.04% | No change | 4,623 | $1.0M |
| NorthCrest Asset Manangement, LLC | 0.03% | Add +0.2% | 4,586 | $1.0M |
| Bessemer Group Inc. | 0.00% | Reduce -66.5% | 4,426 | $973K |
| Cwm, LLC | 0.00% | Reduce -69.1% | 4,374 | $962K |
| South Dakota Investment Council | 0.02% | Add +22.9% | 4,300 | $946K |
| New Mexico Educational Retirement Board | 0.03% | No change | 4,200 | $924K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Reduce -62.5% | 4,109 | $904K |
| American Century Companies Inc. | 0.00% | Reduce -13.1% | 4,079 | $897K |
| Alpha Wealth Funds, LLC | 0.95% | New | 4,000 | $880K |
| ING Groep NV | 0.01% | No change | 3,900 | $858K |
| Norden Group LLC | 0.09% | New | 3,701 | $814K |
| National Philanthropic Trust | 0.01% | No change | 3,700 | $814K |
| Quantum Portfolio Management LLC | 0.41% | New | 3,663 | $805K |
| Atria Investments, Inc | 0.01% | Add +245.8% | 3,652 | $803K |
| Bank of Montreal | 0.00% | Reduce -1.2% | 3,635 | $799K |
| Truist Financial Corp. | 0.00% | Add +45.2% | 3,632 | $799K |
| Portside Wealth Group, LLC | 0.13% | New | 3,521 | $774K |
| Boothbay Fund Management, LLC | 0.03% | New | 3,508 | $771K |
| Pictet Asset Management Holding SA | 0.00% | Add +10.0% | 3,447 | $758K |
| Tidal Investments LLC | 0.01% | Add +120.7% | 3,293 | $724K |
| Illinois Municipal Retirement Fund | 0.01% | No change | 3,281 | $721K |
| Mariner, LLC | 0.00% | Add +43.8% | 3,029 | $666K |
| DGS Capital Management, LLC | 0.17% | Reduce -24.0% | 3,018 | $664K |
| Loomis Sayles & Co. L P | 0.00% | No change | 2,936 | $646K |
| &partners | 0.01% | New | 2,852 | $636K |
| Verdence Capital Advisors LLC | 0.05% | Add +0.3% | 2,893 | $636K |
| HighTower Advisors, LLC | 0.00% | Add +94.1% | 2,882 | $634K |
| Fieldview Capital Management, LLC | 0.09% | Reduce -74.7% | 2,844 | $625K |
| Curbstone Financial Management Corp | 0.13% | No change | 2,840 | $625K |
| Aviva PLC | 0.00% | Add +15.3% | 2,824 | $621K |
| Vident Advisory, LLC | 0.01% | Reduce -59.0% | 2,804 | $617K |
| State of Alaska, Department of Revenue | 0.01% | Add +3.2% | 2,720 | $598K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +25.2% | 2,592 | $570K |
| Two Sigma Securities, LLC | 0.09% | New | 2,535 | $557K |
| Captrust Financial Advisors | 0.00% | Reduce -54.7% | 2,526 | $555K |
| Unique Wealth Strategies, LLC | 0.25% | New | 2,508 | $552K |
| Skandinaviska Enskilda Banken AB (publ) | 0.00% | New | 2,500 | $550K |
| Bosman Wealth Management, LLC | 0.55% | Reduce -72.8% | 2,477 | $545K |
| LVZ, Inc. | 0.07% | Add +8.2% | 2,437 | $536K |
| Gotham Asset Management | 0.00% | Reduce -37.4% | 2,380 | $523K |
| New York Life Investment Management LLC | 0.01% | New | 2,374 | $522K |
| Deutsche Bank AG | 0.00% | Add +3.3% | 2,362 | $519K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 2,354 | $518K |
| Precision Wealth Strategies, LLC | 0.39% | New | 2,319 | $510K |
| Natixis | 0.00% | Reduce -0.8% | 2,299 | $502K |
| Independent Advisor Alliance | 0.02% | Reduce -14.0% | 2,242 | $493K |
| State of Wyoming | 0.06% | Reduce -23.3% | 2,223 | $489K |
| Global Endowment Management, LP | 0.06% | Reduce -66.5% | 2,194 | $482K |
| Baird Financial Group, Inc. | 0.00% | Reduce -0.7% | 2,187 | $481K |
| Gallacher Capital Management LLC | 0.23% | Add +162.8% | 2,160 | $475K |
| Marshall Wace, LLP | 0.00% | New | 2,152 | $473K |
| Banque Pictet & Cie SA | 0.01% | New | 2,118 | $466K |
| Two Sigma Advisers, LP | 0.00% | Reduce -4.5% | 2,100 | $462K |
| Commerce Bank | 0.00% | Reduce -1.0% | 2,045 | $450K |
| Rathbones Group PLC | 0.00% | Reduce -67.7% | 2,000 | $440K |
| Beacon Pointe Advisors, LLC | 0.00% | Reduce -0.3% | 1,995 | $439K |
| Guggenheim Capital LLC | 0.00% | Reduce -13.3% | 1,938 | $426K |
| Hancock Whitney Corp. | 0.01% | Reduce -54.5% | 1,920 | $422K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | New | 1,908 | $420K |
| PNC Financial Services Group, Inc. | 0.00% | Add +21.4% | 1,857 | $408K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -17.7% | 1,841 | $405K |
| Cetera Investment Advisers | 0.00% | New | 1,835 | $404K |
| Securian Asset Management, Inc. | 0.01% | No change | 1,789 | $393K |
| Focus Partners Wealth | 0.00% | Reduce -50.4% | 1,785 | $393K |
| Alliance Wealth Advisors, LLC | 0.10% | New | 1,758 | $387K |
| Woodline Partners LP | 0.00% | Add +2.9% | 1,754 | $386K |
| Moody Aldrich Partners LLC | 0.08% | Reduce -28.0% | 1,739 | $382K |
| US Bancorp \de | 0.00% | Add +2549.2% | 1,722 | $379K |
| Holocene Advisors, LP | 0.00% | Reduce -21.5% | 1,695 | $373K |
| Alps Advisors Inc. | 0.00% | New | 1,660 | $365K |
| Summit Global Investments | 0.03% | Add +2.5% | 1,652 | $363K |
| Crossmark Global Holdings, Inc. | 0.01% | Reduce -4.5% | 1,609 | $354K |
| Diversify Wealth Management, LLC | 0.03% | Add +26.0% | 1,727 | $352K |
| HMS Capital Management, LLC | 0.19% | No change | 1,590 | $341K |
| Snowden Capital Advisors LLC | 0.01% | New | 1,545 | $340K |
| Versor Investments LP | 0.06% | New | 1,541 | $339K |
| Bayforest Capital Ltd | 0.15% | Add +41.9% | 1,534 | $337K |
| Pallas Capital Advisors LLC | 0.01% | Reduce -65.2% | 1,483 | $326K |
| Fiduciary Trust Co | 0.00% | New | 1,464 | $322K |
| EP Wealth Advisors, LLC | 0.00% | New | 1,454 | $320K |
| Axq Capital, LP | 0.13% | New | 1,451 | $319K |
| Quadrant Capital Group LLC | 0.01% | Add +80.2% | 1,449 | $319K |
| MML Investors Services, LLC | 0.00% | Add +48.1% | 1,448 | $318K |
| Burns Matteson Capital Management, LLC | 0.17% | Add +7.7% | 1,434 | $315K |
| United Services Automobile Association | 0.01% | New | 1,405 | $311K |
| Inspire Investing, LLC | 0.04% | Reduce -51.8% | 1,406 | $309K |
| Linden Thomas Advisory Services, LLC | 0.04% | Add +7.8% | 1,394 | $307K |
| Janney Montgomery Scott LLC | 0.00% | New | 1,389 | $305K |
| First Citizens Bank & Trust Co. | 0.01% | New | 1,255 | $276K |
| First Bank & Trust | 0.05% | Add +2.6% | 1,203 | $265K |
| Cullinan Associates Inc. | 0.02% | No change | 1,200 | $264K |
| Utah Retirement Systems | 0.00% | No change | 1,200 | $264K |
| Aigen Investment Management, LP | 0.04% | Add +27.2% | 1,141 | $251K |
| City Center Advisors, LLC | 0.29% | Reduce -17.0% | 1,139 | $250K |
| Mutual Advisors, LLC | 0.01% | Reduce -11.9% | 1,277 | $245K |
| First Foundation Advisors | 0.01% | No change | 1,098 | $241K |
| Lewis Asset Management, LLC | 0.20% | Reduce -2.8% | 1,088 | $239K |
| Robeco Institutional Asset Management B.V. | 0.00% | Reduce -91.8% | 1,073 | $236K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -15.7% | 1,059 | $233K |
| denkapparat Operations GmbH | 0.25% | Add +18.1% | 1,056 | $232K |
| Parallel Advisors, LLC | 0.01% | Add +79.8% | 1,043 | $229K |
| ProShare Advisors LLC | 0.00% | Reduce -7.5% | 1,041 | $229K |
| Somerset Trust Co | 0.08% | Add +25.9% | 1,036 | $228K |
| Covestor Ltd | 0.15% | Reduce -7.6% | 1,033 | $227K |
| KBC Group NV | 0.00% | Reduce -1.7% | 1,006 | $221K |
| Olympiad Research LP | 0.26% | Reduce -40.4% | 1,004 | $221K |
| SteelPeak Wealth, LLC | 0.01% | Reduce -0.6% | 1,000 | $220K |
| Davis R M Inc. | 0.00% | No change | 1,000 | $220K |
| Strategic Advocates LLC | 0.08% | New | 990 | $218K |
| Corient Private Wealth LP | 0.00% | New | 981 | $216K |
| Navellier & Associates Inc. | 0.03% | No change | 1,000 | $214K |
| DekaBank Deutsche Girozentrale | 0.00% | Reduce -36.7% | 964 | $211K |
| Motley Fool Asset Management LLC | 0.01% | Add +16.2% | 955 | $210K |
| Arlington Financial Advisors, LLC | 0.04% | No change | 952 | $209K |
| Prelude Capital Management, LLC | 0.02% | Reduce -38.6% | 934 | $205K |
| Ground Swell Capital, LLC | 0.48% | New | 928 | $204K |
| AlphaQuest LLC | 0.02% | Reduce -48.7% | 880 | $194K |
| Coldstream Capital Management Inc. | 0.00% | New | 790 | $174K |
| IFP Advisors, Inc | 0.00% | Add +3278.9% | 642 | $141K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -74.0% | 633 | $139K |
| First Horizon Advisors, Inc. | 0.00% | Add +113.1% | 554 | $122K |
| Smartleaf Asset Management LLC | 0.01% | Reduce -7.4% | 513 | $114K |
| Advisors Asset Management, Inc. | 0.00% | Add +2.3% | 494 | $109K |
| Harbor Investment Advisory, LLC | 0.01% | No change | 467 | $103K |
| Exchange Traded Concepts, LLC | 0.00% | Reduce -27.7% | 464 | $102K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +23.5% | 384 | $84K |
| GAMMA Investing LLC | 0.01% | Add +110.1% | 353 | $78K |
| Jones Financial Companies LLLP | 0.00% | Add +38.5% | 342 | $76K |
| Aster Capital Management (DIFC) Ltd | 0.01% | Add +65.4% | 344 | $74K |
| Lindbrook Capital, LLC | 0.01% | Add +313.3% | 310 | $68K |
| UMB Bank, n.a. | 0.00% | Add +73.0% | 289 | $64K |
| Blue Trust, Inc. | 0.00% | Add +330.2% | 271 | $60K |
| Caitong International Asset Management Co., Ltd | 0.04% | New | 251 | $55K |
| Signaturefd, LLC | 0.00% | Add +22.7% | 243 | $53K |
| Pilgrim Partners Asia Pte Ltd | 0.05% | New | 220 | $48K |
| Versant Capital Management, Inc | 0.01% | Add +4975.0% | 203 | $45K |
| True Wealth Design, LLC | 0.02% | Reduce -65.6% | 190 | $42K |
| Fifth Third Bancorp | 0.00% | Add +53.0% | 179 | $39K |
| Allworth Financial LP | 0.00% | Add +16.6% | 162 | $38K |
| Osaic Holdings, Inc. | 0.00% | Reduce -87.0% | 151 | $33K |
| Huntington National Bank | 0.00% | Add +4.1% | 126 | $28K |
| Clearstead Advisors, LLC | 0.00% | Add +191.9% | 108 | $24K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +6.0% | 106 | $23K |
| Brooklyn Investment Group | 0.00% | New | 96 | $21K |
| PEAK6 LLC | 0.00% | Reduce -59.8% | 95 | $21K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -21.1% | 90 | $20K |
| Fuller & Thaler Asset Management, Inc. | 0.00% | Reduce -100.0% | 78 | $17K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -64.9% | 78 | $17K |
| Sterling Capital Management LLC | 0.00% | Reduce -79.2% | 76 | $17K |
| Summit Securities Group LLC | 0.01% | New | 73 | $16K |
| Principal Securities, Inc. | 0.00% | No change | 60 | $15K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +86.7% | 56 | $12K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | New | 56 | $12K |
| SBI Securities Co., Ltd. | 0.00% | Add +155.0% | 51 | $11K |
| MAI Capital Management | 0.00% | No change | 50 | $11K |
| Rise Advisors, LLC | 0.00% | No change | 48 | $11K |
| Park Place Capital Corp | 0.00% | Add +17.1% | 48 | $11K |
| Park Square Financial Group, LLC | 0.01% | No change | 44 | $10K |
| Wolff Wiese Magana LLC | 0.01% | Add +250.0% | 42 | $9K |
| SVB Wealth LLC | 0.00% | New | 42 | $9K |
| CI Investments Inc. | 0.00% | No change | 40 | $9K |
| Iron Horse Wealth Management, LLC | 0.00% | No change | 36 | $8K |
| Bell Investment Advisors, Inc | 0.00% | No change | 32 | $7K |
| Arax Advisory Partners | 0.00% | Add +966.7% | 32 | $7K |
| CoreCap Advisors, LLC | 0.00% | Reduce -14.7% | 29 | $6K |
| Cullen/Frost Bankers, Inc. | 0.00% | Add +20.8% | 29 | $6K |
| Tidemark, LLC | 0.00% | New | 25 | $5K |
| MJT & Associates Financial Advisory Group, Inc. | 0.00% | — | 23 | $5K |
| Asset Dedication, LLC | 0.00% | Reduce -72.6% | 23 | $5K |
| Mather Group, Llc. | 0.00% | New | 23 | $5K |
| Transce3nd, LLC | 0.00% | Reduce -93.8% | 21 | $5K |
| Continuum Advisory, LLC | 0.00% | Add +122.2% | 20 | $4K |
| Private Wealth Management Group, LLC | 0.00% | No change | 18 | $4K |
| Parkside Financial Bank & Trust | 0.00% | Add +1700.0% | 18 | $4K |
| Globeflex Capital L P | 0.00% | Reduce -99.7% | 17 | $4K |
| Bogart Wealth, LLC | 0.00% | No change | 15 | $3K |
| Hollencrest Capital Management | 0.00% | No change | 15 | $3K |
| North Capital, Inc. | 0.00% | — | 14 | $3K |
| Farmers & Merchants Investments Inc. | 0.00% | Add +75.0% | 14 | $3K |
| CIBC Private Wealth Group LLC | 0.00% | New | 14 | $3K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | New | 12 | $3K |
| Farther Finance Advisors, LLC | 0.00% | Add +900.0% | 10 | $2K |
| Manchester Capital Management LLC | 0.00% | No change | 10 | $2K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 8 | $2K |
| Anfield Capital Management, LLC | 0.00% | No change | 9 | $2K |
| NewSquare Capital LLC | 0.00% | New | 9 | $2K |
| Private Trust Co. NA | 0.00% | No change | 6 | $1K |
| Larson Financial Group LLC | 0.00% | Add +100.0% | 6 | $1K |
| Sierra Ocean, LLC | 0.00% | No change | 5 | $1K |
| Activest Wealth Management | 0.00% | New | 5 | $1K |
| SouthState Bank Corp | 0.00% | New | 5 | $1K |
| Hemington Wealth Management | 0.00% | Add +50.0% | 6 | $1K |
| Hantz Financial Services, Inc. | 0.00% | New | 5 | $1K |
| WPG Advisers, LLC | 0.00% | Reduce -33.3% | 4 | $880 |
| Abound Wealth Management | 0.00% | No change | 4 | $880 |
| Global Financial Private Client, LLC | 0.00% | Add +300.0% | 4 | $880 |
| JFS Wealth Advisors, LLC | 0.00% | No change | 4 | $880 |
| CVA Family Office, LLC | 0.00% | New | 4 | $880 |
| Financial Management Professionals, Inc. | 0.00% | New | 2 | $440 |
| SJS Investment Consulting Inc. | 0.00% | No change | 2 | $440 |
| Creative Financial Designs Inc. | 0.00% | New | 2 | $440 |
| AdvisorNet Financial, Inc | 0.00% | New | 2 | $440 |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 2 | $440 |
| WealthTrak Capital Management LLC | 0.00% | New | 1 | $220 |
| Rakuten Securities, Inc. | 0.00% | New | 1 | $220 |
| HFM Investment Advisors, LLC | 0.00% | — | 1 | $220 |
| Stonebridge Financial Group, LLC | 0.00% | New | 1 | $220 |
| Bay Harbor Wealth Management, LLC | 0.00% | New | 1 | $219 |
"% of holder's portfolio" is APPF's weight in each manager's 13F, not the share of Appfolio Inc. Class A the manager owns.