Appian Corp: which funds bought and sold

Institutions that bought and sold Appian shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 114 institutions that filed 13F reports for both quarters added to or opened positions in Appian, and 80 cut or closed them. Together they sold a net 439K shares, −1.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.6M shares (+19.1%); index fund managers were net buyers of 517K shares (+4.3%). 35 opened a new position and 29 sold out entirely.

Bought, Q2 2026 114 institutions, 35 of them new holders Sold, Q2 2026 80 institutions, 29 of them sold out

Net change, all compared −439K shares (−1.1%)

Net change, active managers +1.6M shares (+19.1%), 24 bought, 15 sold

Buyers versus sellers

institutions compared, 236

114 bought 42 80 sold

Active managers and hedge funds 24 bought · 15 sold · +1.6M

Index fund managers 7 bought · 2 sold · +517K

Other institutions 83 bought · 63 sold · −2.5M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Lead Edge Capital Management, LLC	+973K +51.1%	2.9M	$65.9M
AQR Capital Management LLC Hedge fund	+453K +47.4%	1.4M	$32.3M
Acadian Asset Management LLC Active manager	+435K +83.6%	955K	$21.9M
Blackrock, Inc. Index funds	+354K +11.0%	3.6M	$82M
Armistice Capital, LLC Hedge fund	+300K New position	300K	$6.9M
Qube Research & Technologies Ltd Hedge fund	+246K +84.0%	539K	$12.3M
Two Sigma Investments, LP Hedge fund	+217K +181.9%	336K	$7.7M
Holocene Advisors, LP Hedge fund	+194K +1597.8%	206K	$4.7M
Russell Investments Group, Ltd.	+151K +123.0%	274K	$6.2M
Susquehanna Fundamental Investments, LLC	+113K +734.7%	129K	$2.9M
Citadel Advisors LLC Hedge fund	+101K +19.5%	619K	$14.2M
Trexquant Investment LP Hedge fund	+91K +29.7%	397K	$9.1M
Jacobs Levy Equity Management, Inc Active manager	+86K +14.3%	690K	$15.8M
Geode Capital Management, LLC Index funds	+74K +7.5%	1.1M	$24.3M
Jpmorgan Chase & Co	+71K +48.9%	216K	$4.9M
Schonfeld Strategic Advisors LLC Hedge fund	+64K +321.9%	83K	$1.9M
State Street Corp Index funds	+62K +6.0%	1.1M	$24.9M
BNP Paribas Asset Management Holding S.A.	+55K +7023.2%	56K	$1.3M
Gsa Capital Partners LLP	+50K New position	50K	$1.1M
Balyasny Asset Management L.P. Hedge fund	+48K New position	48K	$1.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	+453K +47.4%	1.4M	$32.3M
Acadian Asset Management LLC Active manager	+435K +83.6%	955K	$21.9M
Armistice Capital, LLC Hedge fund	+300K New position	300K	$6.9M
Qube Research & Technologies Ltd Hedge fund	+246K +84.0%	539K	$12.3M
Two Sigma Investments, LP Hedge fund	+217K +181.9%	336K	$7.7M
Holocene Advisors, LP Hedge fund	+194K +1597.8%	206K	$4.7M
Citadel Advisors LLC Hedge fund	+101K +19.5%	619K	$14.2M
Trexquant Investment LP Hedge fund	+91K +29.7%	397K	$9.1M
Jacobs Levy Equity Management, Inc Active manager	+86K +14.3%	690K	$15.8M
Schonfeld Strategic Advisors LLC Hedge fund	+64K +321.9%	83K	$1.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Rpd Fund Management LLC	−2.1M −52.6%	1.9M	$42.5M
Morgan Stanley	−1.1M −72.9%	419K	$9.6M
Prelude Capital Management, LLC	−378K −96.9%	12K	$277,411
Jane Street Group, LLC	−194K Sold out	0	—
Baillie Gifford & Co Active manager	−171K −18.8%	735K	$16.8M
Tejara Capital Ltd	−151K −87.2%	22K	$508,380
Exoduspoint Capital Management, LP Hedge fund	−146K Sold out	0	—
Arrowstreet Capital, Limited Partnership Hedge fund	−135K −8.9%	1.4M	$31.7M
D. E. Shaw & Co., Inc. Hedge fund	−116K −25.8%	332K	$7.6M
Nuveen, LLC	−107K −25.7%	308K	$7.1M
Algert Global LLC Hedge fund	−96K −53.5%	84K	$1.9M
Connor, Clark & Lunn Investment Management Ltd.	−82K −39.3%	127K	$2.9M
UBS Group AG	−70K −24.5%	215K	$4.9M
Boothbay Fund Management, LLC Hedge fund	−66K −88.2%	8,886	$203,489
Engineers Gate Manager LP Hedge fund	−56K −42.5%	75K	$1.7M
Los Angeles Capital Management LLC Active manager	−39K −48.3%	42K	$954,747
Fox Run Management, L.L.C.	−36K Sold out	0	—
HRT Financial LP	−24K −12.5%	166K	$3.8M
Magnetar Financial LLC Hedge fund	−24K −49.0%	24K	$560,913
Charles Schwab Investment Management Inc Index funds	−23K −6.1%	348K	$8M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Baillie Gifford & Co Active manager	−171K −18.8%	735K	$16.8M
Exoduspoint Capital Management, LP Hedge fund	−146K Sold out	0	—
Arrowstreet Capital, Limited Partnership Hedge fund	−135K −8.9%	1.4M	$31.7M
D. E. Shaw & Co., Inc. Hedge fund	−116K −25.8%	332K	$7.6M
Algert Global LLC Hedge fund	−96K −53.5%	84K	$1.9M
Boothbay Fund Management, LLC Hedge fund	−66K −88.2%	8,886	$203,489
Engineers Gate Manager LP Hedge fund	−56K −42.5%	75K	$1.7M
Los Angeles Capital Management LLC Active manager	−39K −48.3%	42K	$954,747
Magnetar Financial LLC Hedge fund	−24K −49.0%	24K	$560,913
Brevan Howard Capital Management LP Hedge fund	−21K −35.5%	38K	$869,971

New positions

largest by value

Institution	Shares	Value June 30, 2026
Armistice Capital, LLCHedge fund	300K	$6.9M
Gsa Capital Partners LLP	50K	$1.1M
Balyasny Asset Management L.P.Hedge fund	48K	$1.1M
Tudor Investment Corp Et AlHedge fund	48K	$1.1M
Polymer Capital Management (US) LLC	36K	$829,301
Millennium Management LLCHedge fund	27K	$614,796
Gwn Securities Inc.	18K	$402,055
Curi Capital, LLC	16K	$363,470
Inceptionr LLC	16K	$355,042
Capstone Investment Advisors, LLCHedge fund	14K	$319,913

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Jane Street Group, LLC	194K	$4.7M
Exoduspoint Capital Management, LPHedge fund	146K	$3.5M
Fox Run Management, L.L.C.	36K	$854,828
Prudential Financial Inc	18K	$434,318
Drw Securities, LLC	15K	$364,446
Capital Fund Management S.A.Hedge fund	15K	$350,125
State Of Wisconsin Investment Board	14K	$331,030
Hillsdale Investment Management Inc.	13K	$306,920
Ep Wealth Advisors, LLC	12K	$299,953
Bayforest Capital Ltd	9,868	$237,917

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 213
Ten largest holders: 59.7%
Index fund managers: 32.9%
Active managers and hedge funds: 25.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	24	15	7	3	+1.6M	+19.1%
Index fund managers	7	2	0	0	+517K	+4.3%
Other institutions	83	63	28	26	−2.5M	−13.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Appian.

Only managers that filed a holdings report for both quarters are compared (236 here). 11 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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