Ashe Capital Management, LP Long-Term Concentrated

Location: Englewood Cliffs, NJ

CIK: 0001632715 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $1.032B (100.0% shares, 0.0% debt)

Holdings (6)

SHOP SHOPIFY INC 27.3%

Value $282M Shares 1,750,240 Est. Cost $40.54 Unrealized +296.0%

APPF APPFOLIO INC 24.3%

Value $251M Shares 1,077,915 Est. Cost $81.29 Unrealized +192.3%

FWONK LIBERTY MEDIA CORP DEL 18.1%

Value $186M Shares 1,891,024 Est. Cost $62.30 Unrealized —

FWONA LIBERTY MEDIA CORP DEL 10.3%

Value $106M Shares 1,184,179 Est. Cost $56.54 Unrealized —

VEEV VEEVA SYS INC 10.1%

Value $104M Shares 467,917 Est. Cost $208.17 Unrealized +27.5%

DDOG DATADOG INC 10.0%

Value $103M Shares 756,493 Est. Cost $56.69 Unrealized +178.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHOP	SHOPIFY INC	1,750,240	$282M	27.3%	$40.54	+296.0%	CL A SUB VTG SHS	82509L107
APPF	APPFOLIO INC	1,077,915	$251M	24.3%	$81.29	+192.3%	COM CL A	03783C100
FWONK	LIBERTY MEDIA CORP DEL	1,891,024	$186M	18.1%	$62.30	—	COM LBTY ONE S C	531229755
FWONA	LIBERTY MEDIA CORP DEL	1,184,179	$106M	10.3%	$56.54	—	COM LBTY ONE S A	531229771
VEEV	VEEVA SYS INC	467,917	$104M	10.1%	$208.17	+27.5%	CL A COM	922475108
DDOG	DATADOG INC	756,493	$103M	10.0%	$56.69	+178.8%	CL A COM	23804L103