AppFolio, Inc.
US ˙ NasdaqGM ˙ US03783C1009

SecurityAPPF / AppFolio, Inc.
InstitutionGAMMA Investing LLC
Latest Disclosed Ownership478 shares
Latest Disclosed Value $ 75,438
GAMMA Investing LLC reports 16.58% decrease in ownership of APPF / AppFolio, Inc.

On April 6, 2026 - GAMMA Investing LLC filed a 13F-HR form disclosing ownership of 478 shares of AppFolio, Inc. (US:APPF) valued at $75,438 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 5, 2026 disclosing 573 shares of AppFolio, Inc.. This represents a change in shares of -16.58% during the quarter. The current value of the position is $79,797 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.

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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)
2026-04-06 2026-03-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 478 -95 -16.58 75 -43.61 0.0035
2026-01-05 2025-12-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 573 99 20.89 133 2.31 0.0067
2025-10-02 2025-09-30 13F APPFOLIO INC COM CL A Common Stock 03783C100 474 145 44.07 131 73.33 0.0072
2025-07-14 2025-06-30 13F APPFOLIO INC COM CL A Common Stock 03783C100 329 -24 -6.80 76 -2.60 0.0048
2025-04-15 2025-03-31 13F/A-1 APPFOLIO INC COM CL A Common Stock 03783C100 353 185 110.12 78 87.80 0.0058
2025-04-07 2025-03-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 77,625 77,457 0 0.0019
2025-01-03 2024-12-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 168 11 7.01 41 13.89 0.0035
2024-10-04 2024-09-30 13F APPFOLIO INC COM CL A Common Stock 03783C100 157 26 37 0.0037
2024-10-07 2024-09-30 13F APPFOLIO INC COM CL A Common Stock 03783C100 157 26 19.85 37 12.50 0.0037
2024-07-02 2024-06-30 13F APPFOLIO INC COM CL A Common Stock 03783C100 131 112 589.47 32 700.00 0.0044
2024-04-05 2024-03-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 19 5 35.71 5 33.33 0.0010
2024-02-01 2023-12-31 13F APPFOLIO INC COM CL A Common Stock 03783C100 14 14 3 0.0008
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.