Tekne Capital Management, LLC Diversified Active

CIK: 0001558971 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $280,158 (100.0% shares, 0.0% debt)

Holdings (4)

New Positions (2)

SATS ECHOSTAR CORP 10.3%

Value ($000) $28,806 Shares 265,000 Est. Cost $81.43 Unrealized 0.0%

ACMR ACM RESH INC 10.1%

Value ($000) $28,207 Shares 715,000 Est. Cost $37.26 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	265,000	$28,806	10.3%	$81.43	0.0%	CL A	278768106
ACMR	ACM RESH INC	715,000	$28,207	10.1%	$37.26	0.0%	COM CL A	00108J109

Exited Positions (3)

STNE STONECO LTD 14.8%

Value ($000) $41,602 Shares 2,200,000 Est. Cost $16.04 Unrealized —

HEPS D MARKET ELECTR SVCS & TRADI 1.5%

Value ($000) $4,334 Shares 1,611,112 Est. Cost $0.00 Unrealized —

TONX TON STRATEGY CO 0.4%

Value ($000) $1,111 Shares 157,810 Est. Cost $11.67 Unrealized -68.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
STNE	STONECO LTD	2,200,000	$41,602	14.8%	$16.04	—	—	G85158106
HEPS	D MARKET ELECTR SVCS & TRADI	1,611,112	$4,334	1.5%	$0.00	—	—	23292B104
TONX	TON STRATEGY CO	157,810	$1,111	0.4%	$11.67	-68.7%	—	92337U302

Decreased Positions (2)

GDS GDS HLDGS LTD 62.9%

Value ($000) $176,308 (-28.1%) Shares 5,051,818 (-20.3%) Est. Cost $13.17 Unrealized —

BZ KANZHUN LIMITED 16.7%

Value ($000) $46,838 (-24.3%) Shares 2,298,217 (-13.3%) Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GDS	GDS HLDGS LTD	5,051,818 (-20.3%)	$176,308 (-28.1%)	62.9%	$13.17	—	SPONSORED ADS	36165L108
BZ	KANZHUN LIMITED	2,298,217 (-13.3%)	$46,838 (-24.3%)	16.7%	$0.02	—	SPONSORED ADS	48553T106