AppFolio, Inc.
US ˙ NasdaqGM ˙ US03783C1009

SecurityAPPF / AppFolio, Inc.
InstitutionRanger Investment Management, L.P.
Latest Disclosed Ownership98,630 shares
Latest Disclosed Value $ 15,565,787
Ranger Investment Management, L.P. reports 13.70% decrease in ownership of APPF / AppFolio, Inc.

On May 15, 2026 - Ranger Investment Management, L.P. filed a 13F-HR form disclosing ownership of 98,630 shares of AppFolio, Inc. (US:APPF) valued at $15,565,787 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 114,290 shares of AppFolio, Inc.. This represents a change in shares of -13.70% during the quarter. The current value of the position is $16,399,210 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F Appfolio COM 03783C100 98,630 -15,660 -13.70 15,566 -41.46 1.1262
2026-02-13 2025-12-31 13F Appfolio COM 03783C100 114,290 -305 -0.27 26,590 -15.83 1.8238
2025-11-05 2025-09-30 13F Appfolio COM 03783C100 114,595 -26,090 -18.54 31,589 -2.49 2.2024
2025-08-19 2025-06-30 13F Appfolio COM 03783C100 140,685 20,807 17.36 32,397 22.89 2.2624
2025-05-15 2025-03-31 13F Appfolio COM 03783C100 119,878 -1,805 -1.48 26,361 -12.19 1.8839
2025-02-13 2024-12-31 13F Appfolio COM 03783C100 121,683 -2,723 -2.19 30,022 2.51 1.8955
2024-11-04 2024-09-30 13F Appfolio COM 03783C100 124,406 38,517 44.85 29,285 39.42 1.8791
2024-08-14 2024-06-30 13F Appfolio COM 03783C100 85,889 -1,075 -1.24 21,006 -2.11 1.4292
2024-05-15 2024-03-31 13F Appfolio COM 03783C100 86,964 -58,560 -40.24 21,457 -14.89 1.3798
2024-02-14 2023-12-31 13F Appfolio COM 03783C100 145,524 697 0.48 25,211 -4.68 1.5285
2023-11-14 2023-09-30 13F Appfolio COM 03783C100 144,827 -5,236 -3.49 26,450 2.39 1.7562
2023-08-14 2023-06-30 13F Appfolio COM 03783C100 150,063 4,560 3.13 25,832 42.62 1.5548
2023-05-05 2023-03-31 13F Appfolio COM 03783C100 145,503 8,370 6.10 18,112 25.33 1.2138
2023-02-14 2022-12-31 13F Appfolio COM 03783C100 137,133 3,939 2.96 14,451 3.61 1.0727
2022-11-14 2022-09-30 13F Appfolio COM 03783C100 133,194 5,416 4.24 13,948 20.43 1.0951
2022-08-15 2022-06-30 13F Appfolio COM 03783C100 127,778 -2,480 -1.90 11,582 -21.46 0.8766
2022-05-13 2022-03-31 13F Appfolio COM 03783C100 130,258 3,310 2.61 14,747 -4.04 0.9322
2022-02-11 2021-12-31 13F Appfolio COM 03783C100 126,948 -9,110 -6.70 15,368 -6.18 0.8393
2021-11-15 2021-09-30 13F Appfolio COM 03783C100 136,058 -3,535 -2.53 16,381 -16.89 0.8740
2021-08-16 2021-06-30 13F Appfolio COM 03783C100 139,593 -3,286 -2.30 19,711 -2.44 1.0290
2021-05-17 2021-03-31 13F Appfolio COM 03783C100 142,879 -15,030 -9.52 20,205 -28.93 1.1120
2021-02-12 2020-12-31 13F Appfolio COM 03783C100 157,909 29,421 22.90 28,430 56.03 1.4989
2020-11-16 2020-09-30 13F Appfolio COM 03783C100 128,488 49,607 62.89 18,221 41.96 1.1591
2020-08-14 2020-06-30 13F Appfolio COM 03783C100 78,881 -36,982 -31.92 12,835 -0.16 0.8792
2020-05-15 2020-03-31 13F Appfolio COM 03783C100 115,863 -44,649 -27.82 12,855 -27.16 1.1309
2020-02-14 2019-12-31 13F Appfolio COM 03783C100 160,512 14,769 10.13 17,648 27.28 1.1637
2019-11-14 2019-09-30 13F Appfolio COM 03783C100 145,743 -5,770 -3.81 13,866 -10.51 0.9941
2019-08-14 2019-06-30 13F Appfolio COM 03783C100 151,513 -2,090 -1.36 15,495 27.05 1.0563
2019-05-15 2019-03-31 13F Appfolio COM 03783C100 153,603 153,603 12,196 0.8819
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.