13F

Stock

Appfolio Inc

APPF · held by 403 managers

Reported value

$4.65B

Holders

403

+3 new · −6 exited

Holders’ est. mark

−$23.9M

Price effect on 7 books still in the name

Largest holder

$595.7M

Vanguard

Notable conviction

Share of each notable manager’s 13F book.

Holder count by quarter

Who holds it

Notable only
InvestorSharesValueEst. markChange
Vanguard2.56M$595.7M—Held
BlackRock, Inc.2.37M$551M—Held
PRINCIPAL FINANCIAL GROUP INC1.25M$289.9M—Held
Ashe Capital Management, LP1.08M$250.8M—Held
State Street685.7K$159.5M—Held
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC638.2K$148.5M—Held
Nellore Capital Management LLC529.7K$123.2M—Held
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC520.5K$121.1M—Held
GEODE CAPITAL MANAGEMENT, LLC472.5K$109.9M—Held
GILDER GAGNON HOWE & CO LLC419.4K$97.6M—Held
Invesco Ltd.416.3K$96.8M—Held
DF DENT & CO INC401.5K$93.4M—Held
LONG WALK MANAGEMENT LP381.8K$88.8M—Held
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP361.1K$84M—Held
Citadel358.9K$83.5M—Held
Caledonia (Private) Investments Pty Ltd332.6K$77.4M—Held
DIMENSIONAL FUND ADVISORS LP287K$66.8M—Held
BANK OF AMERICA CORP /DE/284K$66.1M−$8.35MAdded$12.6M
MILLENNIUM MANAGEMENT LLC281.5K$65.5M—Held
MORGAN STANLEY275.5K$64.1M−$10.5MCut−$3.2M
Fidelity259.7K$60.4M—Held
Fiera Capital Corp213.2K$49.6M—Held
NORTHERN TRUST CORP212.3K$49.4M—Held
Hudson Way Capital Management LLC202.9K$47.2M—Held
Greenstone Partners & Co., LLC187.6K$43.6M−$5.71MAdded$7.05M
JACOBS LEVY EQUITY MANAGEMENT, INC186.4K$43.4M—Held
FIRST TRUST ADVISORS LP182.6K$42.5M—Held
Bank of New York Mellon Corp179.2K$41.7M—Held
MARSHALL WACE, LLP169.9K$39.5M—Held
CHARLES SCHWAB INVESTMENT MANAGEMENT INC154.9K$36M—Held
BROWN CAPITAL MANAGEMENT LLC152.1K$35.4M—Held
Renaissance Technologies146.5K$34.1M—Held
Caisse de depot et placement du Quebec139.6K$32.5M—Held
JENNISON ASSOCIATES LLC129.4K$30.1M—Held
Capital Impact Advisors, LLC128.3K$29.9M—Held
Ranger Investment Management, L.P.114.3K$26.6M—Held
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC109.1K$25.6M—Held
TWO SIGMA INVESTMENTS, LP99.9K$23.2M—Held
WELLS FARGO & COMPANY/MN99.5K$23.2M—Held
RAYMOND JAMES FINANCIAL INC97.9K$23M—Held
NORGES BANK98K$22.8M$1.25MCut−$33.9M
Russell Investments Group, Ltd.85.6K$19.9M—Held
JPMORGAN CHASE & CO80.7K$18.8M—Held
Sone Capital Management, LLC64.5K$15M—Held
LOOMIS SAYLES & CO L P63.9K$14.9M—Held
Nuveen, LLC62.5K$14.5M—Held
RHUMBLINE ADVISERS60.9K$14.2M—Held
ENVESTNET ASSET MANAGEMENT INC60.6K$14.1M—Held
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC57.8K$13.4M—Held
NEW YORK STATE COMMON RETIREMENT FUND57.6K$13.4M—Held
EULAV Asset Management55.4K$12.9M—Held
BLAIR WILLIAM & CO/IL53.6K$12.5M—Held
Rockefeller Capital Management L.P.52.4K$12.2M—Held
Tidal Investments LLC46.8K$10.9M—Held
GOLDMAN SACHS GROUP INC45K$10.5M—Held
LPL Financial LLC44.6K$10.4M—Held
Insight Holdings Group, LLC44.5K$10.4M—Held
Atika Capital Management LLC44.5K$10.4M—Held
ROYAL BANK OF CANADA43.9K$10.2M—Held
Swiss National Bank42.8K$9.97M—Held
Bridgewater42.4K$9.87M—Held
Quantinno Capital Management LP41.2K$9.59M—Held
Creative Planning41K$9.54M—Held
SEI INVESTMENTS CO40K$9.31M—Held
UBS Group AG40K$9.3M—Held
Nicholas Investment Partners, LP39.6K$9.21M—Held
MISSION WEALTH MANAGEMENT, LP39.1K$9.1M—Held
NORDEA INVESTMENT MANAGEMENT AB37.6K$8.79M—Held
Verition Fund Management LLC37.7K$8.76M—Held
Squarepoint Ops LLC37.6K$8.75M—Held
Edgestream Partners, L.P.36.8K$8.56M—Held
TFJ Management, LLC36.2K$8.41M—Held
Quantum Capital Management, LLC / NJ34.4K$8M—Held
Legal & General Group Plc33.4K$7.78M—Held
Man Group plc32K$7.45M—Held
Icahn Capital30.3K$7.05M—Held
BARCLAYS PLC29.8K$6.94M−$929.6KAdded$979.7K
Retirement Systems of Alabama27.7K$6.44M—Held
PANAGORA ASSET MANAGEMENT INC27.3K$6.35M—Held
TWO SIGMA ADVISERS, LP26.6K$6.19M—Held
Balyasny Asset Management L.P.25.5K$5.92M—Held
CROSSLINK CAPITAL INC25K$5.82M—Held
ALLIANCEBERNSTEIN L.P.24.7K$5.74M—Held
ZEVENBERGEN CAPITAL INVESTMENTS LLC23.8K$5.54M—Held
AMERIPRISE FINANCIAL INC22.7K$5.29M—Held
VICTORY CAPITAL MANAGEMENT INC22.4K$5.22M—Held
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM20.7K$4.8M—Held
JANUS HENDERSON GROUP PLC19.9K$4.62M—Held
KCM INVESTMENT ADVISORS LLC19.7K$4.58M—Held
FRANKLIN RESOURCES INC19.6K$4.57M—Held
Advisors Capital Management, LLC19.3K$4.49M—Held
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM18.1K$4.22M—Held
Alamar Capital Management, LLC17.1K$3.97M—Held
MANUFACTURERS LIFE INSURANCE COMPANY, THE16.7K$3.88M—Held
CHANNEL WEALTH LLC16.5K$3.84M—Held
Kerrisdale Advisers, LLC16K$3.73M—Held
Baker Avenue Asset Management, LP15.3K$3.57M—Held
EFG International AG14.1K$3.29M—Held
Orion Porfolio Solutions, LLC14.1K$3.29M—Held
CITIGROUP INC13.2K$3.07M—Held
AGF MANAGEMENT LTD12.9K$3.01M—Held
TEACHER RETIREMENT SYSTEM OF TEXAS12.7K$2.95M—Held
MetLife Investment Management, LLC12.3K$2.87M—Held
Y-Intercept (Hong Kong) Ltd12.3K$2.85M—Held
COMMERCE BANK11.5K$2.67M—Held
BNP PARIBAS FINANCIAL MARKETS11.3K$2.64M—Held
Illinois Municipal Retirement Fund11.2K$2.6M—Held
VIRGINIA RETIREMENT SYSTEMS ET Al10.4K$2.43M—Held
JUPITER ASSET MANAGEMENT LTD10.3K$2.4M—Held
JOHNSON INVESTMENT COUNSEL INC9.81K$2.28M—Held
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC9.6K$2.23M—Held
PRUDENTIAL FINANCIAL INC9.44K$2.22M—Held
Police & Firemen's Retirement System of New Jersey9.46K$2.2M—Held
State of New Jersey Common Pension Fund D9.46K$2.2M—Held
KING LUTHER CAPITAL MANAGEMENT CORP9.18K$2.14M—Held
Davidson Kahn Capital Management, LLC9.17K$2.13M—Held
Vident Advisory, LLC8.68K$2.02M—Held
PARNASSUS INVESTMENTS, LLC8.44K$1.96M—Held
STIFEL FINANCIAL CORP8.41K$1.96M—Held
NISA INVESTMENT ADVISORS, LLC8.13K$1.89M—Held
Jump Financial, LLC8.13K$1.89M—Held
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO7.12K$1.66M—Held
State of Tennessee, Department of Treasury8.64K$1.64M—Held
Legato Capital Management LLC6.74K$1.57M—Held
Zurcher Kantonalbank (Zurich Cantonalbank)6.68K$1.55M—Held
Quantum Portfolio Management LLC6.64K$1.54M—Held
YOUSIF CAPITAL MANAGEMENT, LLC7.1K$1.5M—Held
Louisiana State Employees Retirement System6.4K$1.49M—Held
KLP KAPITALFORVALTNING AS6.4K$1.49M—Held
ASSETMARK, INC6.22K$1.45M—Held
COMERICA BANK6.16K$1.43M—Held
ARIZONA STATE RETIREMENT SYSTEM6.04K$1.4M—Held
Evanson Asset Management, LLC6K$1.4M—Held
D. E. Shaw & Co., Inc.5.87K$1.37M—Held
Gotham Asset Management, LLC5.79K$1.35M—Held
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS5.77K$1.34M—Held
Envestnet Portfolio Solutions, Inc.5.62K$1.31M—Held
Quantbot Technologies LP5.56K$1.29M—Held
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/5.52K$1.29M—Held
STATE OF MICHIGAN RETIREMENT SYSTEM5.5K$1.28M—Held
Universal- Beteiligungs- und Servicegesellschaft mbH5.42K$1.26M—Held
NorthCrest Asset Manangement, LLC5.29K$1.24M—Held
Caption Management, LLC5.3K$1.23M—Held
New Age Alpha Advisors, LLC5.3K$1.23M—Held
Twin Tree Management, LP5.24K$1.22M—Held
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC5.16K$1.2M—Held
FIRST CITIZENS BANK & TRUST CO5.09K$1.19M—Held
Quent Capital, LLC5.03K$1.17M—Held
Vanguard Personalized Indexing Management, LLC4.64K$1.08M—Held
OREGON PUBLIC EMPLOYEES RETIREMENT FUND4.6K$1.07M—Held
XPONANCE LLC4.58K$1.06M—Held
Verdence Capital Advisors LLC4.43K$1.03M—Held
COMMONWEALTH EQUITY SERVICES, LLC4.31K$1M—Held
OPPENHEIMER ASSET MANAGEMENT INC.4.27K$994.3K—Held
Ameritas Investment Partners, Inc.4.23K$983.9K—Held
SUSQUEHANNA INTERNATIONAL GROUP, LLP4.17K$970.2K—Held
Index Technologies Group LLC4.03K$937.6K—Held
Alpha Wealth Funds, LLC4K$921.5K—Held
M&T Bank Corp3.93K$915K—Held
AXQ CAPITAL, LP3.84K$893.4K—Held
Atria Investments, Inc3.82K$888.7K—Held
Resona Asset Management Co.,Ltd.3.74K$869.9K—Held
AZZAD ASSET MANAGEMENT INC /ADV3.71K$863.3K—Held
MARTINGALE ASSET MANAGEMENT L P3.57K$831.3K—Held
LOS ANGELES CAPITAL MANAGEMENT LLC3.52K$830.4K—Held
Pacer Advisors, Inc.3.57K$829.6K—Held
Graham Capital Management, L.P.3.56K$827.1K—Held
TRUIST FINANCIAL CORP3.5K$814K—Held
&PARTNERS3.47K$805.1K—Held
Pictet Asset Management Holding SA3.4K$789.8K—Held
LVZ, Inc.3.31K$770.8K—Held
STANSBERRY ASSET MANAGEMENT, LLC3.17K$737K—Held
Three Seasons Wealth, LLC3.14K$730.1K—Held
Entropy Technologies, LP3.11K$723.5K—Held
State of Wyoming3.08K$717K—Held
Cerity Partners LLC3.06K$712.8K—Held
BANK OF MONTREAL /CAN/3.03K$704.7K—Held
Ensign Peak Advisors, Inc3.01K$699.3K—Held
DGS Capital Management, LLC2.73K$634K−$117.2KCut−$121.9K
AMI ASSET MANAGEMENT CORP2.71K$630.9K—Held
DEUTSCHE BANK AG\2.71K$630.5K—Held
Callan Family Office, LLC2.68K$623.5K—Held
SIMPLEX TRADING, LLC2.63K$612.3K—Held
Cetera Investment Advisers2.57K$598.8K—Held
PNC Financial Services Group, Inc.2.52K$587.2K—Held
Baird Financial Group, Inc.2.48K$577.4K—Held
AMERICAN CENTURY COMPANIES INC2.46K$571.2K—Held
NEUBERGER BERMAN GROUP LLC2.43K$564.6K—Held
LAZARD ASSET MANAGEMENT LLC2.4K$557.2K—Held
US BANCORP \DE\2.36K$549.8K—Held
XTX Topco Ltd2.34K$543.9K—Held
CAPTRUST FINANCIAL ADVISORS2.27K$528.3K—Held
LECAP ASSET MANAGEMENT LTD2.23K$519.5K—Held
Blueshift Asset Management, LLC2.19K$509K—Held
DARK FOREST CAPITAL MANAGEMENT LP2.16K$503.2K—Held
VOYA INVESTMENT MANAGEMENT LLC2.15K$500.9K—Held
Mach-1 Financial Group, LLC2.15K$499.7K—Held
Ashton Thomas Private Wealth, LLC2.15K$499.5K—Held
Caitlin John, LLC2.15K$499K—Held
AVIVA PLC2.11K$491.6K—Held
MERCER GLOBAL ADVISORS INC /ADV2.1K$489.8K—Held
Virtue Capital Management, LLC788$487.2K$463.8KCut−$365K
Summit Trail Advisors, LLC2.04K$475.5K—Held
NEW YORK LIFE INVESTMENT MANAGEMENT LLC2.04K$475.3K—Held
Grandeur Peak Global Advisors, LLC2.03K$471.6K—Held
FEDERATED HERMES, INC.1.94K$451K—Held
Beacon Pointe Advisors, LLC1.9K$442.7K—Held
Jefferies Financial Group Inc.1.87K$436K—Held
MIRABELLA FINANCIAL SERVICES LLP1.87K$434.1K—New
HighTower Advisors, LLC1.8K$419.3K—Held
Third View Private Wealth, LLC1.8K$418.5K—Held
BANK OF NOVA SCOTIA1.79K$417.6K—Held
Federation des caisses Desjardins du Quebec1.73K$403.4K—Held
SECURIAN ASSET MANAGEMENT, INC1.69K$392.9K—Held
ALPS ADVISORS INC1.66K$386.9K—Held
Amundi1.61K$374.1K—Held
Portside Wealth Group, LLC1.61K$373.6K—Held
Global Endowment Management, LP1.6K$373K—Held
BANQUE PICTET & CIE SA1.6K$371.3K—Held
COLDSTREAM CAPITAL MANAGEMENT INC1.59K$370.8K—Held
STATE OF WISCONSIN INVESTMENT BOARD1.55K$360.4K—Held
GUGGENHEIM CAPITAL LLC1.52K$353.2K—Held
Linden Thomas Advisory Services, LLC1.51K$351.1K—Held
HMS Capital Management, LLC1.49K$347.3K—Held
NORDEN GROUP LLC1.48K$344.3K—Held
TWO SIGMA SECURITIES, LLC1.48K$343.4K—Held
Fiduciary Trust Co1.47K$341.3K—Held
MML INVESTORS SERVICES, LLC1.46K$338.7K—Held
Kestra Investment Management, LLC1.42K$329.4K—Held
First Bank & Trust1.41K$329K—Held
Inspire Investing, LLC1.4K$325.7K—Held
Snowden Capital Advisors LLC1.38K$322K—Held
L2 Asset Management, LLC1.38K$321.4K—Held
Sequoia Financial Advisors, LLC1.36K$315.9K—Held
EXCHANGE TRADED CONCEPTS, LLC1.35K$313.8K—Held
EP Wealth Advisors, LLC1.35K$313.4K—Held
DIVERSIFY WEALTH MANAGEMENT, LLC1.41K$312.5K—Held
AlphaQuest LLC1.32K$307.8K—Held
Mutual Advisors, LLC1.29K$299.7K—Held
Fieldview Capital Management, LLC1.28K$298K—Held
Empowered Funds, LLC1.27K$296.2K—Held
CULLINAN ASSOCIATES INC1.2K$279.2K—Held
Crossmark Global Holdings, Inc.1.19K$275.7K—Held
Somerset Trust Co1.18K$273.6K—Held
HSBC HOLDINGS PLC1.16K$271.3K—Held
Utah Retirement Systems1.16K$270.3K—Held
BURNEY CO/1.15K$266.6K—Held
Cambria Investment Management, L.P.1.12K$260.8K—New
Lewis Asset Management, LLC1.11K$259.4K—Held
FIRST FOUNDATION ADVISORS1.1K$255.4K—Held

Who left

Positions as of Q4 2025. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.