Tekne Capital Management, LLC — Q4 2025 13F-HR

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Q4 2025 · 13F-HR

Tekne Capital Management, LLCholdings as filed

Filed 2026-02-13 · accession 0000919574-26-000891

$280.2M

Reported value

Positions

2025-12-31

Period end

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The Brief · Tekne Capital Management, LLC · Q4 2025

AI · grounded in 13F

Tekne Capital Management, LLC closed its position in STNE, reducing exposure by $41.6M. The fund established two new positions in SATS and [[stock:ACMR], valued at $28.8M and $28.2M respectively. Additionally, the fund exited positions in HEPS and TONX while trimming shares of GDS by 20.27% and BZ by 13.27%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
36165L108	GDS	GDS HLDGS LTD	$176.3M	62.9%	5,051,818	Common	SOLE
48553T106	BZ	KANZHUN LIMITED	$46.8M	16.7%	2,298,217	Common	SOLE
278768106	SATS	ECHOSTAR CORP	$28.8M	10.3%	265,000	Common	SOLE
00108J109	ACMR	ACM RESH INC	$28.2M	10.1%	715,000	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.