AC
Ashe Capital Management, LP 13F Holdings (7 Positions, Q2 2026)
Ashe Capital Management, LPCIK: 0001632715
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$931.5M
Reporting period: 2026-06-30 · Number of holdings: 7
Ashe Capital Management, LP disclosed 7 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $931.5M and a quarterly turnover rate of 21.1%.
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Personality snowflake
- Concentration
- 62.32
- Portfolio Stability
- 21.12
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 14
- Sizing Uniformity
- 96.75
Ashe Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.156 — mathematically equivalent to about 6 equally-sized positions, close to its 7 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.33), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DDOG
-6.1% $93.1M
Trim SHOP
-6.4% -$19.3M
Add DASH
+85.7% $51.4M
Trim APPF
0.0% $2.7M
Trim FWONK
-11.0% -$533.2K
Trim VEEV
-6.5% -$4.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DDOG | Datadog Inc - Class A | Stock-Tech | 19.33% | +8.43% | -6.11% | |
| 2 | SHOP | Shopify Inc - Class A | Stock-Tech | 18.91% | -5.60% | -6.37% | |
| 3 | APPF | Appfolio Inc - A | Stock-Tech | 18.04% | -2.70% | — | |
| 4 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 14.69% | -2.54% | -10.98% | |
| 5 | FWONA | Liberty Media Corp-formula-a | Stock-Other | 11.13% | -0.47% | — | |
| 6 | DASH | Doordash Inc - A | Stock-Consumer Disc | 9.82% | +4.79% | +85.68% | |
| 7 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 8.08% | -1.91% | -6.51% |
Portfolio Performance
Performance for Q3 2026
+24.2%
Performance Last 4 Quarters
+5.3%
- Stdev
- +26.9%
- Beta
- +1.33
- Alpha
- -7%
- Max Drawdown
- -30.1%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.41
- Stutzer
- +0.22
- Treynor
- +0.15
- Sterling
- +0.64
- Calmar
- +0.58
- Information Ratio
- -0.02
- Tracking Error
- +21.1%
- Stdev Down
- +13.9%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +41.4%
- Worst 12 Months
- -13.6%
- Efficiency Ratio
- +0.3
- Sharpe
- +0.73
- Stdev Sectors
- +22.3%
- Skewness
- +0.66
- Kurtosis
- +0.78
- Upside Potential
- +3.23
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 7 | $931.5M | 21 | ||
| 2026 Q1 | 7 | $797.4M | 34 | ||
| 2025 Q4 | 6 | $1.0B | 32 | ||
| 2025 Q3 | 7 | $1.4B | 32 | ||
| 2025 Q2 | 7 | $1.3B | 0 | ||
| 2025 Q1 | 7 | $1.1B | 100 | ||
| 2024 Q4 | 7 | $1.2B | 0 | ||
| 2024 Q3 | 7 | $1.3B | 0 | ||
| 2024 Q2 | 7 | $1.2B | 0 | ||
| 2024 Q1 | 9 | $1.2B | 0 | ||
| 2023 Q4 | 8 | $1.2B | 0 | ||
| 2023 Q3 | 11 | $1.2B | 0 | ||
| 2023 Q2 | 8 | $1.3B | 0 | ||
| 2023 Q1 | 8 | $1.1B | 0 | ||
| 2022 Q4 | 8 | $911.0M | 0 | ||
| 2022 Q3 | 8 | $1.0B | 0 | ||
| 2022 Q2 | 10 | $1.1B | 0 | ||
| 2022 Q1 | 12 | $1.4B | 0 | ||
| 2021 Q4 | 11 | $1.5B | 0 | ||
| 2021 Q3 | 11 | $1.7B | 0 | ||
| 2021 Q2 | 11 | $1.6B | 95 | ||
| 2021 Q1 | 12 | $1.5B | 14 | ||
| 2020 Q4 | 12 | $1.6B | 29 | ||
| 2020 Q3 | 12 | $1.4B | 13 | ||
| 2020 Q2 | 11 | $1.3B | 31 | ||
| 2020 Q1 | 12 | $1.1B | 32 | ||
| 2019 Q4 | 12 | $1.3B | 36 | ||
| 2019 Q3 | 11 | $1.3B | 5 | ||
| 2019 Q2 | 11 | $1.3B | 23 | ||
| 2019 Q1 | 11 | $1.4B | 19 | ||
| 2018 Q4 | 12 | $1.2B | 34 | ||
| 2018 Q3 | 12 | $1.5B | 14 | ||
| 2018 Q2 | 12 | $1.3B | 13 | ||
| 2018 Q1 | 12 | $1.2B | 29 | ||
| 2017 Q4 | 12 | $1.2B | 34 | ||
| 2017 Q3 | 13 | $1.2B | 15 | ||
| 2017 Q2 | 13 | $1.2B | 9 | ||
| 2017 Q1 | 13 | $1.1B | 100 | ||
| 2016 Q4 | 12 | $1.0B | 0 | ||
| 2016 Q3 | 13 | $951.4M | 0 | ||
| 2016 Q2 | 13 | $852.0M | 28 | ||
| 2016 Q1 | 9 | $776.8M | 15 | ||
| 2015 Q4 | 9 | $754.2M | 12 | ||
| 2015 Q3 | 9 | $683.0M | 6 | ||
| 2015 Q2 | 9 | $718.2M | 10 | ||
| 2015 Q1 | 9 | $655.4M | 22 | ||
| 2014 Q4 | 10 | $527.8M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Ashe Capital Management, LP's most significant position changes for 2026-06-30: Trim: Datadog Inc - Class A (DDOG) — shares -6.11%; Trim: Shopify Inc - Class A (SHOP) — shares -6.37%; Add: Doordash Inc - A (DASH) — shares +85.68%; Trim: Liberty Media Corp-formula-c (FWONK) — shares -10.98%; Trim: Veeva Systems Inc-class A (VEEV) — shares -6.51%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DDOG | Datadog Inc - Class A | +8.4% | -6.11% | Trim |
| 2 | DASH | Doordash Inc - A | +4.8% | +85.68% | Add |
| 3 | FWONA | Liberty Media Corp-formula-a | -0.5% | — | Unchanged |
| 4 | VEEV | Veeva Systems Inc-class A | -1.9% | -6.51% | Trim |
| 5 | FWONK | Liberty Media Corp-formula-c | -2.5% | -10.98% | Trim |
| 6 | APPF | Appfolio Inc - A | -2.7% | — | Unchanged |
| 7 | SHOP | Shopify Inc - Class A | -5.6% | -6.37% | Trim |
Filing History
FAQ
What is Ashe Capital Management, LP and what type of investor is it?
Ashe Capital Management, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $931.5M, spread across 7 disclosed positions.
What are Ashe Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Ashe Capital Management, LP's top holdings by market value are:
1. Datadog Inc - Class A (DDOG) — $180.0M (19.3%)
2. Shopify Inc - Class A (SHOP) — $176.1M (18.9%)
3. Appfolio Inc - A (APPF) — $168.0M (18.0%)
4. Liberty Media Corp-formula-c (FWONK) — $136.9M (14.7%)
5. Liberty Media Corp-formula-a (FWONA) — $103.7M (11.1%)
What changes did Ashe Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Ashe Capital Management, LP made 5 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 4 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Datadog Inc - Class A (DDOG) — shares -6.11%; Trim: Shopify Inc - Class A (SHOP) — shares -6.37%; Add: Doordash Inc - A (DASH) — shares +85.68%; Trim: Liberty Media Corp-formula-c (FWONK) — shares -10.98%; Trim: Veeva Systems Inc-class A (VEEV) — shares -6.51%
What sectors does Ashe Capital Management, LP focus on?
Ashe Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 63.3%
• Communication Services: 16.5%
• Consumer Discretionary: 11.1%
• Health Care: 9.1%
Investment Profile
Ashe Capital Management, LP returned an annualized 17.5% over the trailing 36 months — underperforming the S&P 500 by 7.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.33 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 63.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 21 over the past 4 quarters — a shift toward more active trading.
It has trimmed its SHOP position for two straight quarters, cutting it by $105.6M while still holding $176.1M.
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Developer Access
Access Ashe Capital Management, LP's institutional profile programmatically:
REST API
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npx alphasmo institutions get ashe-capital-management-lp