Ashe Capital Management, LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Ashe Capital Management, LP reported 7 stock positions worth $1.2 billion. Its top holding was Appfolio Class A (APPF) at 28.2% of the portfolio, followed by Liberty Media Class C (FWONK, 21.8%) and Shopify Class A (SHOP, 15.3%). Compared with Q1 2024, it sold out of 2, added to 1 and reduced 2. The biggest buy was Veeva Systems Class A (VEEV, shares +79%) and the biggest sale Appfolio Class A (APPF, shares −4%).

Most Recent 13F
Q2 2026
Location
Englewood Cliffs, NJ
CIK
0001632715
Portfolio Value
$1.2B (Q2 2024)
SEC Filing
0001172661-24-003374 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $797.4M Q1 2026 Q2 2026: $931.5M Q2 2026

Holdings 7 stocks · $1.2B
APPF Appfolio Inc. Class A 28.21% 1,397,308 $341.7M Reduce -3.5%
FWONK Liberty Media Corp. Class C 21.79% 3,675,554 $264.1M Reduce -7.9%
SHOP Shopify Inc. Class A 15.28% 2,802,195 $185.1M No change
DDOG Datadog Inc. Class A 12.82% 1,197,279 $155.3M No change
VEEV Veeva Systems Inc. Class A 8.32% 550,491 $100.7M Add +78.7%
TEAM Atlassian Corp. Class A 7.31% 501,016 $88.6M No change
FWONA Liberty Media Corp. Class A 6.28% 1,184,179 $76.1M No change

Portfolio Sells Q1 2024 → Q2 2024
APPF Appfolio Inc. Class A Reduce -3.5% 28.21% −0.95
LILAK Liberty Latin Americ Class C Sold out 0.00% −0.18
LILA Liberty Latin Americ Class A Sold out 0.00% −0.10
FWONK Liberty Media Corp. Class C Reduce -7.9% 21.79% +0.42

Portfolio Buys Q1 2024 → Q2 2024
VEEV Veeva Systems Inc. Class A Add +78.7% 8.32% +2.49

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 7$931.5MDDOG, SHOP, APPF, FWONK, FWONA
Q1 2026 7$797.4MSHOP, APPF, FWONK, FWONA, DDOG
Q4 2025 6$1.0BSHOP, APPF, FWONK, FWONA, VEEV
Q3 2025 7$1.4BAPPF, SHOP, FWONK, VEEV, DDOG
Q2 2025 7$1.3BAPPF, FWONK, SHOP, VEEV, DDOG
Q1 2025 7$1.1BAPPF, FWONK, SHOP, VEEV, TEAM
Q4 2024 7$1.2BAPPF, FWONK, SHOP, DDOG, TEAM
Q3 2024 7$1.3BAPPF, FWONK, SHOP, DDOG, VEEV
Q2 2024 7$1.2BAPPF, FWONK, SHOP, DDOG, VEEV
Q1 2024 9$1.2BAPPF, FWONK, SHOP, DDOG, TEAM