Ashe Capital Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ashe Capital Management, LP reported 7 stock positions worth $1.4 billion. Its top holding was Appfolio Class A (APPF) at 25.9% of the portfolio, followed by Shopify Class A (SHOP, 22.9%) and Liberty Media Class C (FWONK, 19.4%). Its holdings were unchanged from Q2 2025.
- Most Recent 13F
- Q2 2026
- Location
- Englewood Cliffs, NJ
- CIK
- 0001632715
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001172661-25-004867 ↗ filed Nov 14, 2025
Holdings Value
Holdings 7 stocks · $1.4B
| APPF Appfolio Inc. Class A | 25.87% | 1,331,260 | $367.0M | No change |
| SHOP Shopify Inc. Class A | 22.90% | 2,185,712 | $324.8M | No change |
| FWONK Liberty Media Corp. Class C | 19.38% | 2,631,048 | $274.8M | No change |
| VEEV Veeva Systems Inc. Class A | 11.56% | 550,491 | $164.0M | No change |
| DDOG Datadog Inc. Class A | 9.38% | 933,878 | $133.0M | No change |
| FWONA Liberty Media Corp. Class A | 7.95% | 1,184,179 | $112.8M | No change |
| TEAM Atlassian Corp. Class A | 2.96% | 262,734 | $42.0M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 2025
| None this quarter. | |||
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 |