Appian Corp-a (APPN) Hedge Fund & Institutional Holdings (Q2 2026)

APPN ranks #2819 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

APPN is a top-conviction position for RPD Fund Management LLC — at 19.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in APPN belongs to Vanguard Portfolio Management LLC, but the position matters far more to RPD Fund Management LLC, who has 19.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Trexquant Investment LP has added to its APPN position for two straight quarters, increasing it by $3.6M to reach $9.1M today.

Ken Griffin has trimmed its APPN position for two straight quarters, cutting it by $54.8M while still holding $15.5M.

APPN is down 1.2% today, but institutions show net buying of $9.4M this quarter — a divergence between today's price move and the underlying institutional flow.

APPN reported a net loss of $10.6M over the trailing twelve months.

• Not yet profitable — net loss of $10.6M over the trailing twelve months
• Revenue grew 20.9% year over year
• Net income improved year over year, from -$17.2M to -$10.6M
• Generated $62.9M in positive operating cash flow
• Current ratio of 1.15x — below the conventional 1.5x liquidity buffer