Ashe Capital Management, LP Long-Term Concentrated

CIK: 0001632715 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,031,968 (100.0% shares, 0.0% debt)

Holdings (6)

Exited Positions (1)

TEAM ATLASSIAN CORPORATION 4.1%

Value ($000) $41,959 Shares 262,734 Est. Cost $159.19 Unrealized -1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TEAM	ATLASSIAN CORPORATION	262,734	$41,959	4.1%	$159.19	-1.4%	—	049468101

Decreased Positions (5)

APPF APPFOLIO INC 24.3%

Value ($000) $250,777 (-31.7%) Shares 1,077,915 (-19.0%) Est. Cost $81.29 Unrealized +192.3%

FWONK LIBERTY MEDIA CORP DEL 18.1%

Value ($000) $186,285 (-32.2%) Shares 1,891,024 (-28.1%) Est. Cost $62.30 Unrealized —

VEEV VEEVA SYS INC 10.1%

Value ($000) $104,453 (-36.3%) Shares 467,917 (-15.0%) Est. Cost $208.17 Unrealized +27.5%

SHOP SHOPIFY INC 27.3%

Value ($000) $281,736 (-13.3%) Shares 1,750,240 (-19.9%) Est. Cost $40.54 Unrealized +296.0%

DDOG DATADOG INC 10.0%

Value ($000) $102,875 (-22.6%) Shares 756,493 (-19.0%) Est. Cost $56.69 Unrealized +178.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APPF	APPFOLIO INC	1,077,915 (-19.0%)	$250,777 (-31.7%)	24.3%	$81.29	+192.3%	COM CL A	03783C100
FWONK	LIBERTY MEDIA CORP DEL	1,891,024 (-28.1%)	$186,285 (-32.2%)	18.1%	$62.30	—	COM LBTY ONE S C	531229755
VEEV	VEEVA SYS INC	467,917 (-15.0%)	$104,453 (-36.3%)	10.1%	$208.17	+27.5%	CL A COM	922475108
SHOP	SHOPIFY INC	1,750,240 (-19.9%)	$281,736 (-13.3%)	27.3%	$40.54	+296.0%	CL A SUB VTG SHS	82509L107
DDOG	DATADOG INC	756,493 (-19.0%)	$102,875 (-22.6%)	10.0%	$56.69	+178.8%	CL A COM	23804L103

Unchanged Positions (1)

FWONA LIBERTY MEDIA CORP DEL 10.3%

Value ($000) $105,842 Shares 1,184,179 Est. Cost $56.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FWONA	LIBERTY MEDIA CORP DEL	1,184,179	$105,842	10.3%	$56.54	—	COM LBTY ONE S A	531229771