Q4 2025 · 13F-HR
Ashe Capital Management, LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000875
$1.03B
Reported value
6
Positions
2025-12-31
Period end
The Brief · Ashe Capital Management, LP · Q4 2025
AI · grounded in 13F
Ashe Capital Management, LP closed its entire position in TEAM, reducing its holdings by $41.96M. The fund reduced share counts across all other positions, including a 28.13% trim to FWONK. Other reductions included SHOP and APPF, both trimmed by approximately 20%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 82509L107 | SHOP | SHOPIFY INC | $281.7M | 27.3% | 1,750,240 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $250.8M | 24.3% | 1,077,915 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $186.3M | 18.1% | 1,891,024 | Common | SOLE |
| 531229771 | FWONA | LIBERTY MEDIA CORP DEL | $105.8M | 10.3% | 1,184,179 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $104.5M | 10.1% | 467,917 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $102.9M | 9.97% | 756,493 | 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.