What smart money is saying about AppFolio, Inc.
2 funds in our archive have pitched AppFolio, Inc., most recently The London Company Mid Cap Strategy in June 2026.
AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. It offers AppFolio Property Manager Core, a platform that provides the accounting functionalities for small property management companies, as well as serves as a system of record; AppFolio Property Manager Plus, which offers affordable housing and student housing, advanced accounting, advanced data analysis, and read-only API access services; and AppFolio Property Manager Max that provides customer relationship management tools and full database access through a read and write application programming interface services. The company also provides value-added services, such as electronic payment, tenant screening, maintenance, business optimization, resident, and risk mitigation services. It serves property managers, property investors, potential residents, residents, and vendors. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.
Get an email when a fund buys, sells or pitches it
Position history
Between Q3 2025 and Q3 2026, 3 fund letters reported a position in AppFolio, Inc., with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 1 | 1 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 1 move
- September 2026
“AppFolio Inc. (APPF) – APPF outperformed after a strong quarter in which customers adopted higher-priced premium tiers that include its new AI agents, and the company raised its revenue outlook.”
AppFolio, Inc. - New positionThe London Company Mid Cap StrategyJune 2026
“Initiated: AppFolio (APPF) – APPF is a leading provider of cloud-based software solutions for the residential property management industry.”
AppFolio, Inc. - September 2025
Listed in Brown Capital Small Company Fund’s reported holdings.
AppFolio, Inc.
Also mentioned · 1
These funds discuss AppFolio, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2023
“Vertical Market Software (VMS): Vertical market software is software specifically designed to address the needs of a given vertical market segment. Vertical market software has a high level of customization to service their specific market, making the software very niche. An example of vertical market software is AppFolio, which is specifically focused on software for real estate management and development companies.”
AppFolio, Inc.
Fund coverage · 2 theses
- The London Company Mid Cap StrategyJune 2026
AppFolio, Inc. offers mission-critical cloud software for property managers with high switching costs, strong margins, and significant monetization upside.
Read the full thesis - Alpha Wealth FundsDecember 2025
AppFolio is a category-leading property management SaaS evolving into a fintech platform with sticky revenues, payments growth, and AI-driven efficiencies.
Read the full thesis
Read every full thesis on AppFolio, Inc.
Read all 2 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→