Ashe Capital Management, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ashe Capital Management, LP reported 7 stock positions worth $1.1 billion. Its top holding was Appfolio Class A (APPF) at 22.3% of the portfolio, followed by Liberty Media Class C (FWONK, 21.2%) and Shopify Class A (SHOP, 18.7%). Compared with Q4 2024, it added to 1. The biggest buy was Appfolio Class A (APPF, shares +4%).
- Most Recent 13F
- Q2 2026
- Location
- Englewood Cliffs, NJ
- CIK
- 0001632715
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001172661-25-001983 ↗ filed May 15, 2025
Holdings Value
Holdings 7 stocks · $1.1B
| APPF Appfolio Inc. Class A | 22.34% | 1,136,112 | $249.8M | Add +4.2% |
| FWONK Liberty Media Corp. Class C | 21.18% | 2,631,048 | $236.8M | No change |
| SHOP Shopify Inc. Class A | 18.66% | 2,185,712 | $208.7M | No change |
| VEEV Veeva Systems Inc. Class A | 11.40% | 550,491 | $127.5M | No change |
| TEAM Atlassian Corp. Class A | 9.51% | 501,016 | $106.3M | No change |
| FWONA Liberty Media Corp. Class A | 8.63% | 1,184,179 | $96.5M | No change |
| DDOG Datadog Inc. Class A | 8.28% | 933,878 | $92.7M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| None this quarter. | |||
Portfolio Buys Q4 2024 → Q1 2025
| APPF Appfolio Inc. Class A | Add +4.2% | 22.34% | +0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $931.5M | DDOG, SHOP, APPF, FWONK, FWONA |
| Q1 2026 | 7 | $797.4M | SHOP, APPF, FWONK, FWONA, DDOG |
| Q4 2025 | 6 | $1.0B | SHOP, APPF, FWONK, FWONA, VEEV |
| Q3 2025 | 7 | $1.4B | APPF, SHOP, FWONK, VEEV, DDOG |
| Q2 2025 | 7 | $1.3B | APPF, FWONK, SHOP, VEEV, DDOG |
| Q1 2025 | 7 | $1.1B | APPF, FWONK, SHOP, VEEV, TEAM |
| Q4 2024 | 7 | $1.2B | APPF, FWONK, SHOP, DDOG, TEAM |
| Q3 2024 | 7 | $1.3B | APPF, FWONK, SHOP, DDOG, VEEV |
| Q2 2024 | 7 | $1.2B | APPF, FWONK, SHOP, DDOG, VEEV |
| Q1 2024 | 9 | $1.2B | APPF, FWONK, SHOP, DDOG, TEAM |