Appian Corp (APPN) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Appian Corp (APPN) following the 2026 Q2 hedge fund 13F filings?

As of today, APPN has moved +7.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of +7.8%. Since the quarter end (June 30, 2026), APPN gained +66.4% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Appian Corp (APPN)

207 + Investors. Track Smart Money conviction in APPN. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — APPN

Based on 210 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added APPN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

📊

High ownership — 84% of 3.0Y peak

84% of all-time peak

210 funds currently hold this stock — 84% of the 3.0-year high of 249 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q

11 fewer hedge funds hold APPN compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟡

Slight buying edge — 57% buying

125 buying93 selling

Last quarter: 125 funds bought or added vs 93 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~42 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 43 → 55 → 39 → 42. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 19% new

131 out of 210 hedge funds have held APPN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📊

Peak discovery — momentum slowing

40 → 43 → 55 → 39 → 42 new funds/Q

New funds entering each quarter: 43 → 55 → 39 → 42. APPN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 72% veterans vs 18% newcomers

■ 72% veterans ■ 11% 1-2yr ■ 18% new

Entry-cohort mix of 219 holders: 157 (72%) are 2+ year veterans, 23 entered 1–2 years ago, and 39 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds

45 of 209 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in APPN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

2.7

out of 10

Low Exit Risk

Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	207	208	-0.48%
13F Shares	39M	40M	-3.6%
Total Value	$861M	$953M	-9.74%
New Positions	41	39	+2
Increased Positions	76	67	+9
Closed Positions	41	79	-38
Reduced Positions	52	72	-20
Total Calls	5	9	-44.44%
Total Puts	5	9	-44.44%
PUT/CALL Ratio	1.0	1.0	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

207

208

-0.48%

13F Shares

39M

40M

-3.6%

Total Value

$861M

$953M

-9.74%

New Positions

Increased Positions

Closed Positions

-38

Reduced Positions

-20

Total Calls

-44.44%

Total Puts

-44.44%

PUT/CALL Ratio

1.0

Neutral

Institutional Holders (2026 Q2)

207 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in APPN. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 APPN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	RPD Fund Management LLC	19.54%	1,856,981	$42.5M
2	Fivespan Partners, LP	18.95%	3,510,907	$80.4M
3	Lead Edge Capital Management, LLC	11.98%	2,878,544	$65.9M
4	Mudita Advisors LLP	4.00%	839,400	$19.2M
5	Harber Asset Management LLC	2.32%	168,296	$3.9M
6	Ground Swell Capital, LLC	0.26%	10,603	$243K
7	Tejara Capital Ltd	0.21%	22,200	$508K
8	Polymer Capital Management (US) LLC	0.11%	36,214	$829K
9	National Philanthropic Trust	0.10%	299,532	$6.9M
10	Inceptionr LLC	0.09%	15,504	$355K
11	Armistice Capital, LLC	0.08%	300,000	$6.9M
12	Fonville Wealth Management LLC	0.08%	22,273	$510K
13	Gwn Securities INC.	0.07%	17,557	$402K
14	Jacobs Levy Equity Management, Inc	0.06%	689,825	$15.8M
15	Susquehanna Fundamental Investments, LLC	0.06%	128,514	$2.9M
16	PDT Partners, LLC	0.05%	45,689	$1.0M
17	Trexquant Investment LP	0.05%	396,681	$9.1M
18	Atom Investors LP	0.05%	22,591	$517K
19	Axq Capital, LP	0.04%	15,715	$360K
20	State of Wyoming	0.03%	11,811	$270K
21	Algert Global LLC	0.02%	83,574	$1.9M
22	Engineers Gate Manager LP	0.02%	75,279	$1.7M
23	Prelude Capital Management, LLC	0.02%	12,114	$277K
24	Cornerstone Advisory, LLC	0.02%	10,551	$242K
25	First Trust Advisors LP	0.02%	1,401,079	$32.1M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Appian Corp (APPN)

What does the Smart Money Trend signal show for APPN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added APPN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for APPN?

Slight buying edge — 57% buying: Last quarter: 125 funds bought or added vs 93 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for APPN holders?

Elite ownership — 43% AUM from top-100 funds: 45 of 209 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in APPN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held APPN?

62% of holders stayed for 2+ years: 131 out of 210 hedge funds have held APPN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Appian Corp (APPN) following the 2026 Q2 hedge fund 13F filings?

As of today, APPN has moved +7.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of +7.8%. Since the quarter end (June 30, 2026), APPN has gained +66.4% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Appian Corp (APPN)

Smart Money Signals — APPN

Buying streak — 1 quarter in a row

High ownership — 84% of 3.0Y peak

Outflows — 5% fewer funds vs a year ago

Slight buying edge — 57% buying

Steady new buyers — ~42 new funds per quarter

62% of holders stayed for 2+ years

Peak discovery — momentum slowing

Veteran-anchored — 72% veterans vs 18% newcomers

Elite ownership — 43% AUM from top-100 funds

Institutional Sentiment Summary — APPN

Hedge Fund Ownership: APPN

Market Analysis: APPN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: APPN

Is It Too Late to Buy Appian Corp (APPN) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: APPN

Statistics: APPN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Appian Corp (APPN)

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