Ashe Capital Management, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Ashe Capital Management, LP reported 7 stock positions worth $1.3 billion. Its top holding was Appfolio Class A (APPF) at 23.9% of the portfolio, followed by Liberty Media Class C (FWONK, 21.4%) and Shopify Class A (SHOP, 19.6%). Compared with Q1 2025, it added to 1 and reduced 1. The biggest buy was Appfolio Class A (APPF, shares +17%) and the biggest sale Atlassian Class A (TEAM, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- Englewood Cliffs, NJ
- CIK
- 0001632715
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001172661-25-003334 ↗ filed Aug 14, 2025
Holdings Value
Holdings 7 stocks · $1.3B
| APPF Appfolio Inc. Class A | 23.89% | 1,331,260 | $306.6M | Add +17.2% |
| FWONK Liberty Media Corp. Class C | 21.42% | 2,631,048 | $274.9M | No change |
| SHOP Shopify Inc. Class A | 19.64% | 2,185,712 | $252.1M | No change |
| VEEV Veeva Systems Inc. Class A | 12.35% | 550,491 | $158.5M | No change |
| DDOG Datadog Inc. Class A | 9.77% | 933,878 | $125.4M | No change |
| FWONA Liberty Media Corp. Class A | 8.76% | 1,184,179 | $112.4M | No change |
| TEAM Atlassian Corp. Class A | 4.16% | 262,734 | $53.4M | Reduce -47.6% |
Portfolio Sells Q1 2025 → Q2 2025
| TEAM Atlassian Corp. Class A | Reduce -47.6% | 4.16% | −5.35 |
Portfolio Buys Q1 2025 → Q2 2025
| APPF Appfolio Inc. Class A | Add +17.2% | 23.89% | +1.55 |
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 |