Stock ownership · SEC 13F · Q4 2025

APPFOLIO INC

A breakdown of APPFOLIO INC's institutional base (CUSIP 03783C100): the holders, the concentration among them, and what changed last quarter.

$1.5M
Reported value
3
Institutions
100%
Top-5 share

The verdict

$1.5M of APPFOLIO INC is reported by 3 institutions as of Q4 2025; ownership is held overwhelmingly by a small core of institutions.

3
institutions hold it
$1.5M
reported 13F value
100%
held by top 5

Based on long positions reported to the SEC as of Q4 2025; 13F omits shorts, options and non-US holdings.

How 13F ownership is computed · All tracked stocks · Concentration rankings

SEC Form 13F-HR ownership desk

CUSIP 03783C100 · Q4 2025 $1M reported

VALUE-TRACE · HOLDERS-FOCUS · CONC-DOM · PHOTO-UNK · ACTIVITY-LIGHT · BOOK-FULL

  • VALUE-TRACE $1.5M
  • HOLDERS-FOCUS 3 filers
  • CONC-DOM 100% top-5
  • PHOTO-UNK No peer
  • ACTIVITY-LIGHT 2 new
  • BOOK-FULL 8Q history

Read with: Ownership concentration guide - APPFOLIO INC's top-five holders account for 100% of reported value — read concentration before treating any single filer as a signal.

Largest institutional holders of APPFOLIO INC
  1. 1
    Pacer Advisors, Inc. $830K
  2. 2
    DGS Capital Management, LLC $634K
  3. 3
    Bell Investment Advisors, Inc $15K

Top 3 reported holders by value · Q4 2025

Institutional ownership over time

The number of institutions reporting a APPFOLIO INC position has risen from 2 to 3 over the last 8 quarters of 13F filings.

02468 Q1'24Q2'24Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25 3
Distinct 13F filers holding APPFOLIO INC, by quarter

Top Institutional Holders

# Institution Shares Value Share of reported
1 Pacer Advisors, Inc. 3,566 $830K 56.1%
2 DGS Capital Management, LLC 2,725 $634K 42.9%
3 Bell Investment Advisors, Inc 63 $15K 1.0%

Investment Discretion

SEC Form 13F requires each institutional filer to report whether it exercises sole or shared discretion over a position. Among APPFOLIO INC's reported holders for Q4 2025, by reported value:

Sole discretion (SOLE)
100.0%

Latest Quarter Activity · Q4 2025

New positions (2)

Pacer Advisors, Inc. $830K
DGS Capital Management, LLC $634K

Complete exits (5)

Strategic Advocates LLC exited
Kensington Investment Counsel, LLC exited
JPMORGAN CHASE & CO (JPM, AMJB, VYLD, JPM-PC, JPM-PD, JPM-PJ, JPM-PK, JPM-PL, JPM-PM) exited
Asset Dedication, LLC exited
CIBC Private Wealth Group LLC exited

Frequently Asked Questions

How many institutions hold APPFOLIO INC?▼
APPFOLIO INC is held by 3 institutional investors per the latest SEC Form 13F filings as of Q4 2025.
What is the total institutional value of APPFOLIO INC?▼
Institutions report $1.5M of APPFOLIO INC as of Q4 2025.
How concentrated is ownership of APPFOLIO INC?▼
The top five institutional holders account for 100% of the reported institutional value in APPFOLIO INC, making ownership held overwhelmingly by a small core of institutions.
Who is the largest institutional holder of APPFOLIO INC?▼
Pacer Advisors, Inc. is the largest reported holder of APPFOLIO INC with $830K across 3,566 shares as of Q4 2025.

Source: U.S. Securities and Exchange Commission (SEC) - EDGAR Form 13F-HR institutional holdings filings · Q4 2025 13F-HR discloses long US-listed equity positions of managers with $100M+ qualifying assets, filed within 45 days of period end. Short positions and most derivatives are not disclosed.

PlainFundData is rendered directly from SEC EDGAR Form 13F-HR institutional holdings filings, no number is typed in by an editor. Holder lists, concentration, and reported value on this page are aggregated live from those 13F-HR extracts. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-16.