Ashe Capital Management, LP

CIK

1632715

Location

Englewood Cliffs, NJ

Portfolio Value

Small $659,977,600

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,245 / 8,603 ▼ 255 · as of Mar 2026

Top Industry

Software - Application 67.8%

3Y Alpha vs SPY

-8.1%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+43.8%

SPY

+76.5%

Annualised alpha

-8.0%

Max drawdown

−37.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

6 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

29.6%

−3.7 pts

Top 5

93.9%

−6.1 pts

Top 10

100.0%

0.0 pts

HHI

2,057

Moderately concentrated−389

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	67.8%	$447,779,624	3
Communication Services	14.0%	$92,460,696	1
Healthcare	12.1%	$79,647,230	1
Consumer Cyclical	6.1%	$40,090,050	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
SHOP	Shopify Inc.	−102,502	1,647,738	$195,454,681
APPF	Appfolio Inc	−30,000	1,047,915	$165,381,945
DDOG	Datadog, Inc.	−20,000	736,493	$86,942,998
VEEV	Veeva Systems Inc	−14,500	453,417	$79,647,230
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
DASH	DoorDash, Inc.	267,000	$40,090,050
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

6 positions · $659,977,600 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SHOP	Shopify Inc. Technology	Reduced	1,647,738	-102,502	$195,454,681	−30.6%	29.62%
APPF	Appfolio Inc Technology	Reduced	1,047,915	-30,000	$165,381,945	−34.1%	25.06%
FWONA	Liberty Media Corp Communication Services	Held	1,184,179	0	$92,460,696	−12.6%	14.01%
DDOG	Datadog, Inc. Technology	Reduced	736,493	-20,000	$86,942,998	−15.5%	13.17%
VEEV	Veeva Systems Inc Healthcare	Reduced	453,417	-14,500	$79,647,230	−23.7%	12.07%
DASH	DoorDash, Inc. Consumer Cyclical	NEW	267,000	NEW	$40,090,050	NEW	6.07%