Ashe Capital Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Ashe Capital Management, LP disclosed 6 US equity positions worth $1.0bn in its Q4 2025 13F filing. The largest position was SHOP at 27.3% of the reported book, followed by APPF and LLYVK. Against the Q3 2025 filing, it opened 0 new positions, added to 0 and reduced 5 among the top 6 holdings.
What did Ashe Capital Management, LP own in Q4 2025? Top 6 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SHOP SHOPIFY INC | Technology | 27.3% | $281.7m | 1,750,240 | -20% | reduced |
| 2 | APPF APPFOLIO INC | Technology | 24.3% | $250.8m | 1,077,915 | -19% | reduced |
| 3 | LLYVK LIBERTY MEDIA CORP DEL | 18.1% | $186.3m | 1,891,024 | -28% | reduced | |
| 4 | FWONA LIBERTY MEDIA CORP DEL | 10.3% | $105.8m | 1,184,179 | 0% | held | |
| 5 | VEEV VEEVA SYS INC | Healthcare | 10.1% | $104.5m | 467,917 | -15% | reduced |
| 6 | DDOG DATADOG INC | Technology | 10.0% | $102.9m | 756,493 | -19% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.