On August 30, 2024, Vanguard Group Inc made a significant addition to its investment portfolio by acquiring 166,007 shares of AppFolio Inc (NASDAQ:APPF), a leading provider of cloud-based software solutions. This transaction increased Vanguard's total holdings in the company to 2,326,122 shares, reflecting a substantial commitment to AppFolio's growth and success in the software industry. The shares were purchased at a price of $231.99 each, marking a notable investment move by the firm.
AppFolio (APPF) closed at $224.12 in the latest trading session, marking a +1.52% move from the prior day.
Brown Capital Management, an investment management company, released its “The Brown Capital Management Small Company Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The Small Company Fund returned -6.57%, underperforming the Russell 2000 Growth index’s 2.92% decline. Fundamental and macroeconomic factors drove the underperformance of the fund in […]