Appfolio Inc (APPF)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	2,403,717	$553,527,951	0.01%
2.	Blackrock, Inc.	2,356,065	$542,554,648	0.01%
3.	Principal Financial Group Inc	832,891	$191,806,467	0.1%
4.	William Blair Investment Management, Llc	733,428	$168,893,800	0.45%
5.	Kayne Anderson Rudnick Investment Management Llc	686,460	$158,078,009	0.38%