Tekne Capital Management, LLC — Q2 2025 13F-HR

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Q2 2025 · 13F-HR

Tekne Capital Management, LLCholdings as filed

Filed 2025-08-13 · accession 0000919574-25-004555

$287.4M

Reported value

Positions

2025-06-30

Period end

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The Brief · Tekne Capital Management, LLC · Q2 2025

AI · grounded in 13F

Tekne Capital Management, LLC established a new position in GDS valued at $191.5M. The fund also initiated new stakes in BZ for $52.3M and STNE for $35.3M. A final new position was added in HEPS totaling $8.3M.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
36165L108	GDS	GDS HLDGS LTD	$191.5M	66.6%	6,263,467	Common	SOLE
48553T106	BZ	KANZHUN LIMITED	$52.3M	18.2%	2,930,000	Common	SOLE
G85158106	STNE	STONECO LTD	$35.3M	12.3%	2,200,000	Common	SOLE
23292B104	HEPS	D MARKET ELECTR SVCS & TRADI	$8.3M	2.90%	3,089,199	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.