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Ashe Capital Management, LP — 13F Holdings & Portfolio

CIK 1632715 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Ashe Capital Management, LP manages $931.5M in 13F-reported U.S. long-equity assets across 7 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DDOG (19.33%), SHOP (18.91%), APPF (18.04%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 0; 3 existing positions rose in reported value and 2 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$931.5M

Long-equity book

Holdings
7

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+0 / −0 / ↑3 / ↓2

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
DDOG19.3% · -6%SHOP18.9% · -6%APPF18.0% · 0%FWONK14.7% · -11%FWONA11.1% · 0%DASH9.8% · +86%VEEV8.1% · -6%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 100%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$1.04B
Discretionary
$1.04B
Employees
5
Accounts
1
Address
530 SYLVAN AVE.
SUITE 101
ENGLEWOOD CLIFFS, NJ 07632
Phone
(201) 464-0962
Name Title / Status Ownership Type
ASHE GP, LLC ControlGENERAL PARTNER
since Jan 2015
Less than 5%Domestic Entity
BLASS, STEPHEN, MICHAEL ControlLIMITED PARTNER AND CHIEF INVESTMENT OFFICER
since Jan 2015
25–50%Individual
CROWLEY, WILLIAM, CHARLES ControlLIMITED PARTNER, CHAIRMAN, AND CEO
since Jan 2015
25–50%Individual
HARKER, WILLIAM, RICHARD ControlLIMITED PARTNER, PRESIDENT, AND CCO
since Jan 2015
25–50%Individual
BLASS, STEPHEN, MICHAEL Control
Indirect owner via ASHE GP, LLC
MEMBER
since Jan 2015
25–50%Individual
CROWLEY, WILLIAM, CHARLES Control
Indirect owner via ASHE GP, LLC
MEMBER
since Jan 2015
25–50%Individual
HARKER, WILLIAM, RICHARD Control
Indirect owner via ASHE GP, LLC
MEMBER
since Jan 2015
25–50%Individual
Ownership & leadership changes · 2 filings with changes since Nov 8, 2013

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Feb 27, 2015 filing
  • AddedASHE GP, LLC · GENERAL PARTNER · Less than 5% · control person
  • AddedBLASS, STEPHEN, MICHAEL · MEMBER · 25–50% · indirect via ASHE GP, LLC · control person
  • AddedCROWLEY, WILLIAM, CHARLES · MEMBER · 25–50% · indirect via ASHE GP, LLC · control person
  • AddedHARKER, WILLIAM, RICHARD · MEMBER · 25–50% · indirect via ASHE GP, LLC · control person
  • ChangedBLASS, STEPHEN, MICHAEL · title MEMBER → LIMITED PARTNER AND CHIEF INVESTMENT OFFICER
  • ChangedCROWLEY, WILLIAM, CHARLES · title MEMBER → LIMITED PARTNER, CHAIRMAN, AND CEO
  • ChangedHARKER, WILLIAM, RICHARD · title MEMBER/CHIEF COMPLIANCE OFFICER → LIMITED PARTNER, PRESIDENT, AND CCO
Jan 7, 2014 filing
  • ChangedHARKER, WILLIAM, RICHARD · title MEMBER → MEMBER/CHIEF COMPLIANCE OFFICER
Nov 8, 2013 filing (earliest on record)
  • ListedBLASS, STEPHEN, MICHAEL · MEMBER · 25–50% · control person
  • ListedCROWLEY, WILLIAM, CHARLES · MEMBER · 25–50% · control person
  • ListedHARKER, WILLIAM, RICHARD · MEMBER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 3 →

Top Trims

Show all 2 →

New Positions

  • No new positions this quarter.
Show all 0 →

Exited Positions

  • No exits this quarter.
Show all 0 →

Ashe Capital Management, LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 DATADOG INC DDOG 23804L103 $180.0M 19.33% 691,493 SH
2 SHOPIFY INC SHOP 82509L107 $176.1M 18.91% 1,542,738 SH
3 APPFOLIO INC APPF 03783C100 $168.0M 18.04% 1,047,915 SH
4 LIBERTY MEDIA CORP DEL FWONK 531229755 $136.9M 14.69% 1,438,524 SH
5 LIBERTY MEDIA CORP DEL FWONA 531229771 $103.7M 11.13% 1,184,179 SH
6 DOORDASH INC DASH 25809K105 $91.5M 9.82% 495,774 SH
7 VEEVA SYS INC VEEV 922475108 $75.2M 8.08% 423,917 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $931.5M 7 0001172661-26-003464
2026-03-31 2026-05-15 $797.4M 7 0001172661-26-002047
2025-12-31 2026-02-17 $1.03B 6 0001172661-26-000875
2025-09-30 2025-11-14 $1.42B 7 0001172661-25-004867
Filer Information
Address
530 SYLVAN AVE.
SUITE 101
ENGLEWOOD CLIFFS, NJ 07632
Phone
(201) 464-0962
Filing Manager
Ashe Capital Management, LP
Englewood Cliffs, NJ
Signatory
William R. Harker
Co-Founder & President