APPFOLIO INC - Class A Common Stock, $0.0001 par value (APPF) Institutional Ownership

13F Institutional Holders and Ownership History from Q2 2015 to Q4 2025

Type / Class
Equity / Class A Common Stock, $0.0001 par value
Symbol
APPF on Nasdaq
Shares outstanding
23,278,392
Price per share
$226.58
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
20,945,869
Total reported value
$4,873,186,405
% of total 13F portfolios
0.01%
Share change
+978,022
Value change
+$212,487,704
Number of holders
397
Price from insider filings
$226.58
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of APPFOLIO INC - Class A Common Stock, $0.0001 par value (APPF) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Schauser Klaus 11% $791,029,801 2,869,585 Klaus Schauser 30 Sep 2025
Ashe Capital Management, LP 5.8% +22% $316,413,877 +$57,361,929 1,331,260 +22% Ashe Capital Management, LP 30 Jun 2025
PRINCIPAL GLOBAL INVESTORS 5.1% $276,201,615 1,187,198 PRINCIPAL GLOBAL INVESTORS 31 Dec 2025

As of 31 Dec 2025, 397 institutional investors reported holding 20,945,869 shares of APPFOLIO INC - Class A Common Stock, $0.0001 par value (APPF). This represents 90% of the company’s total 23,278,392 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of APPFOLIO INC - Class A Common Stock, $0.0001 par value (APPF) together control 66% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 11% 2,560,460 +4.1% 0.01% $595,691,019
BlackRock, Inc. 10% 2,368,348 -1.8% 0.01% $550,996,048
PRINCIPAL FINANCIAL GROUP INC 5.4% 1,245,949 +6.8% 0.15% $289,879,892
Ashe Capital Management, LP 4.6% 1,077,915 -19% 24% $250,776,925
STATE STREET CORP 2.9% 685,656 +1.1% 0.01% $159,517,868
PRICE T ROWE ASSOCIATES INC /MD/ 2.9% 669,317 +17% 0.02% $155,717,000
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 2.7% 638,241 +16% 0.41% $148,486,769
Nellore Capital Management LLC 2.3% 529,696 +12% 14% $123,233,774
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 2.2% 520,509 -15% 0.33% $121,096,419
GEODE CAPITAL MANAGEMENT, LLC 2% 472,491 +2.5% 0.01% $109,946,760
GILDER GAGNON HOWE & CO LLC 1.8% 419,431 -19% 1% $97,580,680
Invesco Ltd. 1.8% 416,260 +5.2% 0.01% $96,842,889
DF DENT & CO INC 1.7% 401,494 -6.1% 1.3% $93,407,533
LONG WALK MANAGEMENT LP 1.6% 381,750 +32% 20% $88,814,138
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.6% 361,101 +14% 0.05% $84,010,148
CITADEL ADVISORS LLC 1.5% 358,915 +1230% 0.06% $83,501,574
Caledonia (Private) Investments Pty Ltd 1.4% 332,635 +46% 1.5% $77,387,533
DIMENSIONAL FUND ADVISORS LP 1.2% 287,027 +3% 0.01% $66,779,900
BANK OF AMERICA CORP /DE/ 1.2% 283,962 +46% 0% $66,063,759
MILLENNIUM MANAGEMENT LLC 1.2% 281,495 +159% 0.05% $65,489,812
MORGAN STANLEY 1.2% 275,549 +13% 0% $64,106,975
FMR LLC 1.1% 259,656 -48% 0% $60,408,993
Fiera Capital Corp 0.92% 213,151 +31% 0.16% $49,589,580
NORTHERN TRUST CORP 0.91% 212,285 -14% 0.01% $49,388,106
Hudson Way Capital Management LLC 0.87% 202,853 +4.8% 3.8% $47,193,750

Institutional Holders of APPFOLIO INC - Class A Common Stock, $0.0001 par value (APPF) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 20,945,869 $4,873,186,405 +$212,487,704 $232.65 397
2025 Q3 20,139,547 $5,550,497,351 -$133,043,971 $275.66 407
2025 Q2 20,551,979 $4,732,877,004 +$208,703,816 $230.28 379
2025 Q1 19,690,202 $4,329,250,153 +$119,481,766 $219.90 379
2024 Q4 19,033,998 $4,696,180,126 -$32,952,841 $246.72 384
2024 Q3 19,125,294 $4,498,401,784 +$42,975,351 $235.40 382
2024 Q2 18,832,322 $4,605,978,642 -$193,933,789 $244.57 390
2024 Q1 19,671,046 $4,852,810,314 +$590,574,443 $246.74 363
2023 Q4 17,441,973 $3,021,536,463 +$124,071,635 $173.24 292
2023 Q3 16,471,710 $3,008,221,028 +$51,966,904 $182.63 245
2023 Q2 16,159,475 $2,781,721,724 -$43,845,892 $172.14 210
2023 Q1 16,462,223 $2,049,162,506 +$75,461,372 $124.48 193
2022 Q4 15,884,127 $1,674,006,987 -$30,899,886 $105.38 188
2022 Q3 16,182,100 $1,701,946,813 +$7,974,054 $104.71 158
2022 Q2 16,089,608 $1,458,414,333 +$27,205,690 $90.64 149
2022 Q1 15,758,294 $1,784,050,515 -$38,918,740 $113.21 168
2021 Q4 16,077,559 $1,946,538,227 +$998,423 $121.06 148
2021 Q3 16,006,294 $1,927,651,389 -$32,853,158 $120.40 150
2021 Q2 16,236,906 $2,292,593,447 -$9,579,374 $141.20 156
2021 Q1 16,170,854 $2,286,827,029 +$147,217,837 $141.41 152
2020 Q4 15,088,369 $2,716,339,715 +$156,158,825 $180.03 176
2020 Q3 14,033,189 $1,989,819,765 +$18,069,432 $141.81 180
2020 Q2 13,873,450 $2,257,119,407 +$133,710,260 $162.71 159
2020 Q1 13,155,420 $1,459,560,769 +$46,385,408 $110.95 142
2019 Q4 12,746,352 $1,401,448,953 +$16,248,344 $109.95 128
2019 Q3 12,628,888 $1,201,509,733 +$136,095,028 $95.14 129
2019 Q2 11,208,872 $1,146,245,652 +$76,497,188 $102.27 143
2019 Q1 10,577,647 $839,860,577 +$20,035,197 $79.40 131
2018 Q4 10,454,035 $619,025,057 -$20,124,429 $59.22 116
2018 Q3 10,542,085 $826,569,584 +$27,198,993 $78.40 134
2018 Q2 10,266,999 $627,824,178 +$76,143,949 $61.15 120
2018 Q1 9,231,429 $377,100,782 -$239,462 $40.85 109
2017 Q4 9,311,491 $386,375,616 +$24,025,912 $41.50 109
2017 Q3 8,433,556 $404,254,648 +$65,375,394 $47.95 94
2017 Q2 7,081,410 $230,854,395 +$48,077,889 $32.60 69
2017 Q1 5,605,704 $152,214,387 +$26,362,331 $27.20 41
2016 Q4 5,009,927 $119,485,005 +$3,642,513 $23.85 38
2016 Q3 4,862,452 $94,264,101 +$7,350,192 $19.44 33
2016 Q2 4,490,596 $64,738,529 -$861,346 $14.46 31
2016 Q1 4,680,206 $57,123,000 -$2,034,189 $12.24 32
2015 Q4 4,624,079 $67,511,950 +$6,255,130 $14.60 41
2015 Q3 4,162,084 $70,124,608 +$8,601,844 $16.85 42
2015 Q2 3,782,926 $53,339,000 +$52,634,000 $14.10 30