Brown Capital Dumps 190,000 AppFolio Shares Worth $45.1 Million

Brown Capital Management sold roughly half its AppFolio stake in the last quarter, part of a broader pattern in which it similarly slashed the size of many of its holdings. The widespread selling may have more to do with managing outflows or locking in gains than any specific concerns about AppFolio.AppFolio is a technology company specializing in cloud software solutions for the real estate sector, with a focus on automating and streamlining property management and investment workflows. The company leverag ...

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