AppFolio, Inc.
US ˙ NasdaqGM ˙ US03783C1009

SecurityAPPF / AppFolio, Inc.
InstitutionNellore Capital Management LLC
Latest Disclosed Ownership636,302 shares
Latest Disclosed Value $ 100,421,182
Nellore Capital Management LLC reports 20.13% increase in ownership of APPF / AppFolio, Inc.

On May 15, 2026 - Nellore Capital Management LLC filed a 13F-HR form disclosing ownership of 636,302 shares of AppFolio, Inc. (US:APPF) valued at $100,421,182 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 529,696 shares of AppFolio, Inc.. This represents a change in shares of 20.13% during the quarter. The current value of the position is $106,224,256 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)
2026-05-15 2026-03-31 13F APPFOLIO COM CL A 03783C100 636,302 106,606 20.13 100,421 -18.51 12.8311
2026-02-17 2025-12-31 13F APPFOLIO COM CL A 03783C100 529,696 54,732 11.52 123,234 -5.88 13.7951
2025-11-14 2025-09-30 13F Appfolio COM CL A 03783C100 474,964 -31,928 -6.30 130,929 12.17 14.2803
2025-08-14 2025-06-30 13F Appfolio COM CL A 03783C100 506,892 104,153 25.86 116,727 31.80 13.0864
2025-05-15 2025-03-31 13F Appfolio COM CL A 03783C100 402,739 30,805 8.28 88,562 -3.49 12.0495
2025-02-14 2024-12-31 13F Appfolio COM CL A 03783C100 371,934 58,315 18.59 91,764 24.30 11.9862
2024-11-14 2024-09-30 13F Appfolio COM CL A 03783C100 313,619 34,170 12.23 73,826 8.02 10.0604
2024-08-15 2024-06-30 13F Appfolio BBG008GC8CP6 03783C100 279,449 822 0.30 68,345 -0.59 10.3091
2024-05-15 2024-03-31 13F Appfolio BBG008GC8CP6 03783C100 278,627 0 0.00 68,748 42.43 10.6219
2024-02-14 2023-12-31 13F Appfolio BBG008GC8CP6 03783C100 278,627 -32,799 -10.53 48,269 -15.13 8.8790
2023-11-14 2023-09-30 13F APPFOLIO BBG008GC8CP6 03783C100 311,426 0 0.00 56,876 6.09 10.6982
2023-08-14 2023-06-30 13F APPFOLIO BBG008GC8CP6 03783C100 311,426 134,089 75.61 53,609 142.86 10.0313
2023-05-22 2023-03-31 13F/A-2 APPFOLIO BBG008GC8CP6 03783C100 177,337 2,057 1.17 22,075 19.51 4.7866
2023-05-12 2023-03-31 13F/A-1 APPFOLIO BBG008GC8CP6 03783C100 22,075 -153,205 22,075 4.7866
2023-05-12 2023-03-31 13F APPFOLIO BBG008GC8CP6 03783C100 22,075 -153,205 22,075 4.7866
2023-02-14 2022-12-31 13F APPFOLIO BBG008GC8CP6 03783C100 175,280 0 0.00 18,471 0.63 4.5440
2022-11-14 2022-09-30 13F Appfolio BBG008GC8CP6 03783C100 175,280 0 0.00 18,355 15.53 4.6503
2022-08-12 2022-06-30 13F Appfolio BBG008GC8CP6 03783C100 175,280 33,342 23.49 15,887 -1.13 4.2446
2022-05-17 2022-03-31 13F/A-1 Appfolio BBG008GC8CP6 03783C100 141,938 141,938 16,069 3.6358
2022-05-16 2022-03-31 13F Appfolio BBG008GC8CP6 03783C100 141,938 141,938 16,069 3.6358
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.