Ashe Capital Management

Ashe Capital Management

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

7

Market Value

$797.4M

Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

1

$SHOP

Shopify Inc.

24.5%

% of Portfolio

2

$APPF

AppFolio, Inc.

20.7%

% of Portfolio

3

$FWONK

Formula One Group

17.2%

% of Portfolio

4

$FWONA

Formula One Group

11.6%

% of Portfolio

5

$DDOG

Datadog, Inc.

10.9%

% of Portfolio

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
SHOP24.5%27.3%22.9%19.6%
APPF20.7%24.3%25.9%23.9%
FWONK17.2%18.1%19.4%21.4%
FWONA11.6%10.3%8.0%8.8%
DDOG10.9%10.0%9.4%9.8%
VEEV10.0%10.1%11.6%12.3%
DASH5.0%---

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

DDOG+87.52%
FWONK+5.09%
FWONA+5.52%
APPF-8.52%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

SHOP-8.97%
VEEV-12.81%

Sector Analysis

Healthcare10.0%
Technology56.2%
Communication Services28.8%
Consumer Discretionary5.0%

Trading Summary

1

$DASH

5.0%

All Holdings

1

$SHOP

24.5%

2

$APPF

20.7%

3

$FWONK

17.2%

4

$FWONA

11.6%

5

$DDOG

10.9%

6

$VEEV

10.0%

7

$DASH

5.0%