APPF β€” APPFOLIO INC

Ownership history in Pathstone Holdings, LLC  Β·  4 quarters on record

This page tracks every 13F SEC filing in which Pathstone Holdings, LLC reported a position in APPFOLIO INC (APPF). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

Position Intelligence

Pathstone Holdings, LLC Γ— APPF AI Analytics

πŸ“‰ Pathstone Holdings, LLC underperformed the S&P 500 by –1.2% annually on this APPF position. Average cost basis: $275.66. Maximum drawdown during holding period: –0.0%.

πŸ“ˆ Position Alpha vs SPY
-1.2%
annualised excess return

⚠️ Trailed SPY by 1.2% ann. on this position.
2 quarters analyzed

πŸ’° Entry Quality
$275.66
+0.0% vs current ($275.66)

Best entry: $275.66 (2025 Q3)  Β·  Worst: $275.66 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–0.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

2 adds Β· 2 trims. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    APPF price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 4 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 1,207 +293 +32.1% 0.00% $333K $275.66
2024 Q4 REDUCED 914 -68 -6.9% 0.00% $225K $246.72
2024 Q3 REDUCED 982 -617 -38.6% 0.00% $231K $235.40
2023 Q4 INITIATED 1,599 β€” β€” 0.00% $277K β€”

🏒 Other funds also holding APPF

As of 2025 Q4 β€” sorted by position size

Ashe Capital Management, LP 3Y 7Y 24.3% LONG WALK MANAGEMENT LP 3Y 19.76% Nellore Capital Management LLC 3Y 13.8% Greenstone Partners & Co., LLC 3Y 8.48% TFJ Management, LLC 6.06% Hudson Way Capital Management LLC 3Y 7Y 3.75% BROWN CAPITAL MANAGEMENT LLC 3Y 7Y 2.9% Capital Impact Advisors, LLC 3Y 7Y 2.34% Ranger Investment Management, L.P. 3Y 7Y 1.82% Kerrisdale Advisers, LLC 3Y 7Y 1.76%
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