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

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

Type / Class
Equity / Class A Common Stock, par value $0.0001
Symbol
APPF on Nasdaq
Shares outstanding
25,852,117
Price per share
$232.65
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
20,003,950
Total reported value
$5,513,162,236
% of total 13F portfolios
0.01%
Share change
-574,250
Value change
-$135,737,944
Number of holders
405
Price from insider filings
$232.65
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of APPFOLIO INC - Class A Common Stock, par value $0.0001 (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% $367,787,200 +$66,675,278 1,331,260 +22% Ashe Capital Management, LP 30 Jun 2025

As of 30 Sep 2025, 405 institutional investors reported holding 20,003,950 shares of APPFOLIO INC - Class A Common Stock, par value $0.0001 (APPF). This represents 77% of the company’s total 25,852,117 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of APPFOLIO INC - Class A Common Stock, par value $0.0001 (APPF) together control 59% 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 9.5% 2,458,994 +2.3% 0.01% $677,846,287
BlackRock, Inc. 9.3% 2,412,947 +2.4% 0.01% $665,152,846
Ashe Capital Management, LP 5.1% 1,331,260 0% 26% $366,975,132
PRINCIPAL FINANCIAL GROUP INC 4.5% 1,166,752 +40% 0.16% $321,637,079
STATE STREET CORP 2.6% 678,071 -2% 0.01% $186,917,052
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 2.4% 615,626 -10% 0.41% $169,703,463
PRICE T ROWE ASSOCIATES INC /MD/ 2.2% 571,087 +26% 0.02% $157,427,000
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 2.1% 551,969 -25% 0.39% $152,155,775
GILDER GAGNON HOWE & CO LLC 2% 517,750 -1.4% 1.5% $142,723,034
FMR LLC 1.9% 494,977 -14% 0.01% $136,445,389
Nellore Capital Management LLC 1.8% 474,964 -6.3% 14% $130,928,576
GEODE CAPITAL MANAGEMENT, LLC 1.8% 460,903 +5.1% 0.01% $127,074,398
DF DENT & CO INC 1.7% 427,598 -14% 1.5% $117,871,585
Invesco Ltd. 1.5% 395,651 +26% 0.02% $109,065,154
BROWN CAPITAL MANAGEMENT LLC 1.3% 341,942 -41% 3.9% $94,259,732
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.2% 317,413 +8.4% 0.06% $87,498,068
LONG WALK MANAGEMENT LP 1.1% 288,500 +4.4% 16% $79,527,910
DIMENSIONAL FUND ADVISORS LP 1.1% 278,561 +4.7% 0.02% $76,795,628
NORTHERN TRUST CORP 0.95% 245,927 +29% 0.01% $67,792,236
MORGAN STANLEY 0.94% 244,179 -35% 0% $67,310,507
Caledonia (Private) Investments Pty Ltd 0.88% 228,026 -4.5% 1% $62,857,647
BANK OF AMERICA CORP /DE/ 0.75% 194,125 +38% 0% $53,512,498
Hudson Way Capital Management LLC 0.75% 193,596 4.5% $53,366,673
Bank of New York Mellon Corp 0.72% 187,294 -16% 0.01% $51,629,467
RENAISSANCE TECHNOLOGIES LLC 0.64% 164,502 -28% 0.06% $45,346,621

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

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 260,886 $60,848,280 +$24,696,710 $232.65 48
2025 Q3 20,003,950 $5,513,162,236 -$135,737,944 $275.66 405
2025 Q2 20,551,979 $4,732,877,004 +$208,703,848 $230.28 379
2025 Q1 19,681,526 $4,327,342,008 +$119,481,702 $219.90 378
2024 Q4 19,027,201 $4,694,482,071 +$35,738,622 $246.72 383
2024 Q3 18,840,096 $4,431,265,936 -$24,904,995 $235.40 384
2024 Q2 18,825,291 $4,604,258,977 -$139,912,910 $244.57 391
2024 Q1 19,442,509 $4,796,421,374 +$523,698,038 $246.74 361
2023 Q4 27,060 $4,687,874 +$2,403,532 $173.24 2
2023 Q3 16,163,163 $2,951,871,344 +$52,499,278 $182.63 241
2023 Q2 15,996,101 $2,753,598,068 -$61,828,592 $172.14 207
2023 Q1 16,450,196 $2,047,665,171 +$73,750,112 $124.48 191
2022 Q4 15,863,420 $1,671,824,197 -$28,221,268 $105.38 185
2022 Q3 16,006,376 $1,683,564,090 +$8,446,527 $104.71 155
2022 Q2 16,079,933 $1,456,388,441 +$27,000,190 $90.64 146
2022 Q1 15,758,194 $1,784,039,515 -$38,951,085 $113.21 167
2021 Q4 16,073,388 $1,946,033,227 +$729,361 $121.06 147
2021 Q3 16,006,308 $1,927,653,389 -$32,859,874 $120.40 151
2021 Q2 16,236,915 $2,292,594,447 -$9,618,737 $141.20 157
2021 Q1 16,158,701 $2,285,108,029 +$148,525,557 $141.41 153
2020 Q4 15,070,606 $2,713,141,715 +$158,217,146 $180.03 174
2020 Q3 13,997,103 $1,984,701,755 +$15,759,458 $141.81 177
2020 Q2 13,629,655 $2,217,450,407 +$131,617,139 $162.71 157
2020 Q1 13,155,420 $1,459,560,769 +$46,383,747 $110.95 142
2019 Q4 12,745,655 $1,401,371,953 +$16,190,120 $109.95 127
2019 Q3 12,614,534 $1,200,143,733 +$136,055,442 $95.14 128
2019 Q2 11,208,872 $1,146,245,652 +$76,497,203 $102.27 143
2019 Q1 10,577,647 $839,860,577 +$20,035,190 $79.40 131
2018 Q4 10,453,089 $618,969,057 -$19,578,146 $59.22 115
2018 Q3 10,542,085 $826,569,584 +$27,122,843 $78.40 134
2018 Q2 10,263,979 $627,639,178 +$76,150,800 $61.15 118
2018 Q1 9,231,229 $377,092,782 -$233,419 $40.85 108
2017 Q4 9,311,391 $386,371,616 +$24,060,184 $41.50 108
2017 Q3 8,335,565 $399,557,648 +$65,397,152 $47.95 93
2017 Q2 7,081,410 $230,854,395 +$48,109,048 $32.60 69
2017 Q1 5,605,704 $152,214,387 +$26,362,316 $27.20 41
2016 Q4 5,009,927 $119,485,005 +$3,642,515 $23.85 38
2016 Q3 4,862,452 $94,264,101 +$7,350,196 $19.44 33
2016 Q2 4,490,596 $64,738,529 -$861,376 $14.46 31
2016 Q1 4,680,206 $57,123,000 -$2,034,711 $12.24 32
2015 Q4 4,622,383 $67,486,950 +$6,229,470 $14.60 40
2015 Q3 4,149,307 $69,909,608 +$8,527,717 $16.85 41
2015 Q2 3,782,926 $53,198,141 +$52,493,165 $14.10 30