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Livermore
Livermore
ZHEN

Ashe Capital Management, LP

SEC CIK
0001632715
Latest filing
Aug 14, 2026

The latest 13F from Ashe Capital Management, LP covers Q2 2026 (filed Aug 14, 2026): 7 long positions worth $931.5M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Datadog, Inc. (DDOG) at 19.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
1
Est. +$42.2M
Reduced
4
Est. −$45.8M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. DDOGDatadog, Inc.
    19.3%$180.0MHistory
  2. SHOPShopify Inc.
    18.9%$176.1MHistory
  3. APPFAppfolio Inc
    18.0%$168.0MHistory
  4. FWONKLiberty Media Corp
    14.7%$136.9MHistory
  5. FWONALiberty Media Corp
    11.1%$103.7MHistory

Share of portfolio

Top 5 holdings and the other 2 positions, by share of portfolio value

  1. DDOG19.3%
  2. SHOP18.9%
  3. APPF18.0%
  4. FWONK14.7%
  5. FWONA11.1%
  6. Other 2 positions17.9%

Biggest buys

New and added positions, by estimated amount bought

  1. DASHDoorDash, Inc.
    +$42.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. DASHDoorDash, Inc.
    +4.79 pp5.0% → 9.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FWONKLiberty Media Corp
    −$16.9MReducedHistory
  2. SHOPShopify Inc.
    −$12.0MReducedHistory
  3. DDOGDatadog, Inc.
    −$11.7MReducedHistory
  4. VEEVVeeva Systems Inc
    −$5.24MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. SHOPShopify Inc.
    −5.60 pp24.5% → 18.9%History
  2. FWONKLiberty Media Corp
    −2.54 pp17.2% → 14.7%History
  3. VEEVVeeva Systems Inc
    −1.91 pp10.0% → 8.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$931.5M
+$134.1M (+16.8%) vs. prior quarter
Positions
7
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
15.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.66B (Q3 2021)

Q1 2021: $1.47BQ2 2021: $1.62BQ3 2021: $1.66BQ4 2021: $1.54BQ1 2022: $1.43BQ2 2022: $1.09BQ3 2022: $1.05BQ4 2022: $911.0MQ1 2023: $1.10BQ2 2023: $1.28BQ3 2023: $1.20BQ4 2023: $1.15BQ1 2024: $1.23BQ2 2024: $1.21BQ3 2024: $1.26BQ4 2024: $1.22BQ1 2025: $1.12BQ2 2025: $1.28BQ3 2025: $1.42BQ4 2025: $1.03BQ1 2026: $797.4MQ2 2026: $931.5M
Q1 2021Q2 2026
13F filings of Ashe Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20267$931.5MDDOGSHOPAPPFvs. Q1 2026SEC
Q1 2026May 15, 20267$797.4MSHOPAPPFFWONKvs. Q4 2025SEC
Q4 2025Feb 17, 20266$1.03BSHOPAPPFFWONKvs. Q3 2025SEC
Q3 2025Nov 14, 20257$1.42BAPPFSHOPFWONKvs. Q2 2025SEC
Q2 2025Aug 14, 20257$1.28BAPPFFWONKSHOPvs. Q1 2025SEC
Q1 2025May 15, 20257$1.12BAPPFFWONKSHOPvs. Q4 2024SEC
Q4 2024Feb 14, 20257$1.22BAPPFFWONKSHOPvs. Q3 2024SEC
Q3 2024Nov 14, 20247$1.26BAPPFFWONKSHOPvs. Q2 2024SEC
Q2 2024Aug 14, 20247$1.21BAPPFFWONKSHOPvs. Q1 2024SEC
Q1 2024May 15, 20249$1.23BAPPFFWONKSHOPvs. Q4 2023SEC
Q4 2023Feb 13, 20248$1.15BFWONKAPPFSHOPvs. Q3 2023SEC
Q3 2023Nov 14, 202311$1.20BAPPFFWONKSHOPvs. Q2 2023SEC
Q2 2023Aug 14, 20238$1.28BFWONKAPPFSHOPvs. Q1 2023SEC
Q1 2023May 15, 20238$1.10BFWONKAPPFSHOPvs. Q4 2022SEC
Q4 2022Feb 14, 20238$911.0MFWONKAPPFSHOPvs. Q3 2022SEC
Q3 2022Nov 14, 20228$1.05BFWONKAPPFDDOGvs. Q2 2022SEC
Q2 2022Aug 15, 202210$1.09BFWONKAPPFDDOGvs. Q1 2022SEC
Q1 2022May 16, 202212$1.43BFWONKAPPFDDOGvs. Q4 2021SEC
Q4 2021Feb 14, 202211$1.54BFWONKDDOGAPPFvs. Q3 2021SEC
Q3 2021Nov 15, 202111$1.66BFWONKAPPFDDOGvs. Q2 2021SEC
Q2 2021Aug 16, 202111$1.62BFWONKAPPFLILAKvs. Q1 2021SEC
Q1 2021May 17, 202112$1.47BAPPFFWONKLILAK–SEC

13D and 13G filings

Companies where Ashe Capital Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Ashe Capital Management, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
APPFAppfolio Inc13G5.80%1.33M shares+1.10 ppfrom 4.70%Feb 12, 20217 filingsAug 14, 2025SEC

Latest filings

15 filings on file made by Ashe Capital Management, LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Ashe Capital Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
APPFAppfolio IncAug 14, 20259:19 AM ET13G5.80%1.33M shares+1.10 ppfrom 4.70%Jun 30, 2025SEC
APPFAppfolio IncFeb 14, 20254:19 PM ET13G/A4.70%1.09M shares–Below 5%Dec 31, 2024SEC
LILALiberty Latin America Ltd.May 17, 202413G/AOld format–––SEC
LILALiberty Latin America Ltd.May 17, 202413G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 13, 202413G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 13, 202413G/AOld format–––SEC
APPFAppfolio IncFeb 13, 202413G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 13, 202313G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 13, 202313G/AOld format–––SEC
APPFAppfolio IncFeb 13, 202313G/AOld format–––SEC
APPFAppfolio IncFeb 10, 202213G/AOld format–––SEC
APPFAppfolio IncApr 9, 202113G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 12, 202113G/AOld format–––SEC
LILALiberty Latin America Ltd.Feb 12, 202113G/AOld format–––SEC
APPFAppfolio IncFeb 12, 202113G/AOld format–––SEC