Who owns APPF (APPF)
Which tracked institutional funds hold APPF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See APPF company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
65 tracked funds added or opened APPF while 160 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
APPF’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes APPF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in APPF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 396 tracked filers holding APPF, 257 increased or opened the position and 187 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in APPF between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 31
- VANGUARD PORTFOLIO MANAGEMENT LLC$234M
- VANGUARD CAPITAL MANAGEMENT LLC$165M
- Keenan Capital, LLC$53M
- Lead Edge Capital Management, LLC$33M
- VANGUARD FIDUCIARY TRUST CO$24M
- TenCore Partners, LP$17M
Full exits 21
- VANGUARD GROUP INC$588M
- Hudson Way Capital Management LLC$47M
- Capital Impact Advisors, LLC$30M
- Insight Holdings Group, LLC$10M
- Nicholas Investment Partners, LP$9M
- Pacer Advisors, Inc.$9M
Largest adds
- NORGES BANK$34M
- AMERIPRISE FINANCIAL INC$15M
- JACOBS LEVY EQUITY MANAGEMENT, INC$15M
- GOLDMAN SACHS GROUP INC$7M
- UBS Group AG$7M
- Sone Capital Management, LLC$6M
Largest trims
- BlackRock, Inc.$295M
- Ashe Capital Management, LP$85M
- Invesco Ltd.$84M
- PRICE T ROWE ASSOCIATES INC /MD/$75M
- CITADEL ADVISORS LLC$72M
- LONG WALK MANAGEMENT LP$57M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 1,621,231 | $256M | 6.5% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,505,882 | $238M | 6.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 1,485,373 | $234M | 6.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,047,945 | $165M | 4.2% | 2026-Q1 |
| Ashe Capital Management, LP trimmed | 1,047,915 | $165M | 4.2% | 2026-Q1 |
| STATE STREET CORP added | 721,657 | $114M | 2.9% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 643,231 | $102M | 2.6% | 2026-Q1 |
| Nellore Capital Management LLC added | 636,302 | $100M | 2.6% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 513,441 | $81M | 2.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 506,289 | $80M | 2.0% | 2026-Q1 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 454,463 | $72M | 1.8% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 384,529 | $61M | 1.6% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 367,128 | $58M | 1.5% | 2026-Q1 |
| NORGES BANK added | 257,979 | $57M | 1.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 345,603 | $55M | 1.4% | 2026-Q1 |
| Keenan Capital, LLC added | 334,557 | $53M | 1.3% | 2026-Q1 |
| Caledonia (Private) Investments Pty Ltd trimmed | 328,277 | $52M | 1.3% | 2026-Q1 |
| DF DENT & CO INC trimmed | 320,512 | $51M | 1.3% | 2026-Q1 |
| MORGAN STANLEY added | 307,290 | $48M | 1.2% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 296,627 | $47M | 1.2% | 2026-Q1 |
| Greenstone Partners & Co., LLC added | 273,497 | $43M | 1.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 266,145 | $42M | 1.1% | 2026-Q1 |
| GILDER GAGNON HOWE & CO LLC trimmed | 265,330 | $42M | 1.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 227,280 | $36M | 0.9% | 2026-Q1 |
| Fiera Capital Corp added | 220,357 | $35M | 0.9% | 2026-Q1 |
| Lead Edge Capital Management, LLC new | 210,260 | $33M | 0.8% | 2026-Q1 |
| LONG WALK MANAGEMENT LP trimmed | 204,500 | $32M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 164,642 | $26M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 159,724 | $25M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 153,482 | $24M | 0.6% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 152,587 | $24M | 0.6% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 142,068 | $22M | 0.6% | 2026-Q1 |
| Sone Capital Management, LLC added | 133,705 | $21M | 0.5% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 130,372 | $21M | 0.5% | 2026-Q1 |
| GW&K Investment Management, LLC trimmed | 126,691 | $20M | 0.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 124,314 | $20M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 123,026 | $19M | 0.5% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 119,299 | $19M | 0.5% | 2026-Q1 |
| FMR LLC trimmed | 116,821 | $18M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 110,909 | $18M | 0.4% | 2026-Q1 |
| TenCore Partners, LP new | 109,905 | $17M | 0.4% | 2026-Q1 |
| BROWN CAPITAL MANAGEMENT LLC trimmed | 108,134 | $17M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 108,078 | $17M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 105,014 | $16M | 0.4% | 2026-Q1 |
| UBS Group AG added | 100,137 | $16M | 0.4% | 2026-Q1 |
| Ranger Investment Management, L.P. trimmed | 98,630 | $16M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 96,116 | $15M | 0.4% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 93,755 | $15M | 0.4% | 2026-Q1 |
| RIVERBRIDGE PARTNERS LLC new | 88,112 | $14M | 0.4% | 2026-Q1 |
| Squarepoint Ops LLC added | 80,665 | $13M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 80,388 | $13M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 77,182 | $12M | 0.3% | 2026-Q1 |
| JENNISON ASSOCIATES LLC trimmed | 76,110 | $12M | 0.3% | 2026-Q1 |
| CROSSLINK CAPITAL INC added | 71,490 | $11M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 70,779 | $11M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 70,495 | $11M | 0.3% | 2026-Q1 |
| Edgestream Partners, L.P. added | 70,110 | $11M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 70,045 | $11M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 64,248 | $10M | 0.3% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 62,318 | $10M | 0.3% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 60,468 | $10M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 57,778 | $9M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 57,359 | $9M | 0.2% | 2026-Q1 |
| EULAV Asset Management | 55,449 | $9M | 0.2% | 2026-Q1 |
| Tensile Capital Management LP new | 53,000 | $8M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 52,466 | $8M | 0.2% | 2026-Q1 |
| TFJ Management, LLC added | 51,739 | $8M | 0.2% | 2026-Q1 |
| Y-Intercept (Hong Kong) Ltd added | 51,263 | $8M | 0.2% | 2026-Q1 |
| Tidal Investments LLC added | 50,768 | $8M | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL trimmed | 50,596 | $8M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 50,441 | $8M | 0.2% | 2026-Q1 |
| Granite Investment Partners, LLC added | 48,774 | $8M | 0.2% | 2026-Q1 |
| Atika Capital Management LLC added | 47,500 | $7M | 0.2% | 2026-Q1 |
| LPL Financial LLC added | 46,048 | $7M | 0.2% | 2026-Q1 |
| Man Group plc added | 44,743 | $7M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 43,360 | $7M | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 41,613 | $7M | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 40,542 | $6M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 26,332 | $6M | 0.2% | 2026-Q1 |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC added | 38,300 | $6M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC added | 2,527,166 | $588M | 15.0% | 2025-Q4 stale |
| Hudson Way Capital Management LLC added | 202,853 | $47M | 1.2% | 2025-Q4 stale |
| Capital Impact Advisors, LLC added | 128,314 | $30M | 0.8% | 2025-Q4 stale |
| 1832 Asset Management L.P. added | 88,500 | $24M | 0.6% | 2025-Q3 stale |
| Sellaronda Global Management LP added | 85,000 | $20M | 0.5% | 2025-Q2 stale |
| Zeno Equity Partners LLP trimmed | 88,789 | $20M | 0.5% | 2025-Q1 stale |
| Driehaus Capital Management LLC trimmed | 53,256 | $15M | 0.4% | 2025-Q3 stale |
| MACQUARIE GROUP LTD trimmed | 54,790 | $13M | 0.3% | 2025-Q2 stale |
| Watchtower Advisors, LP trimmed | 40,000 | $11M | 0.3% | 2025-Q3 stale |
| BROWN ADVISORY INC trimmed | 38,071 | $10M | 0.3% | 2025-Q3 stale |
| Insight Holdings Group, LLC trimmed | 44,550 | $10M | 0.3% | 2025-Q4 stale |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 44,291 | $10M | 0.3% | 2025-Q2 stale |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 42,558 | $9M | 0.2% | 2025-Q1 stale |
| Nicholas Investment Partners, LP added | 39,591 | $9M | 0.2% | 2025-Q4 stale |
| AXA S.A. trimmed | 39,439 | $9M | 0.2% | 2025-Q2 stale |
| Verition Fund Management LLC added | 37,651 | $9M | 0.2% | 2025-Q4 stale |
| Pacer Advisors, Inc. added | 4,596,489 | $8M | 0.2% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 28,084 | $8M | 0.2% | 2025-Q3 stale |
| PANAGORA ASSET MANAGEMENT INC trimmed | 27,288 | $6M | 0.2% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 26,606 | $6M | 0.2% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.