Dorsal Capital Management, LP

Registered adviser

CIK

1547007

Location

Redwood City, CA

Portfolio Value

Mid $2,824,404,988

Diversification

Diversified

Filing Date

Global Rank

#1,297 / 8,819 ▼ 29

Top Industry

Internet Retail 22.3%

3Y Alpha vs SPY

-9.9%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 160224

Roster of Oct 1, 2026

Regulatory AUM

$6,640,922,166

Main clients

Pooled investment vehicles (82% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$6,190,855,805 gross assets

LEI

5493008CT78E41DMTD59

Private funds on Schedule D 7.B.(1)

As filed Apr 4, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$6,016,059,011 gross assets in 2 funds Hedge funds $6,016,059,011 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Oct 2026	$6,640,922,166	Pooled investment vehicles (82%)
Apr 2026 to Sep 2026	$6,190,855,805	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$6,593,055,915	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$6,016,059,011	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$4,666,856,704	Pooled investment vehicles (100%)
Apr 2023	$4,666,856,704	Pooled investment vehicles (100%)

4 earlier changes not shown.

Stated strategy

Fundamental active, Value, Long/short hedge, Quantitative / systematic, Activist Form ADV Part 2A, Sep 9, 2026 · original

In the firm's words

Fundamental active: using fundamental company analysis to buy predominantly liquid, U.S.-listed equities
Value: buy predominantly liquid, U.S.-listed equities it deems are undervalued
Long/short hedge: actively managing primarily a long-short equity investment portfolio
Quantitative / systematic: Dorsal uses quantitative valuation models in evaluating the economic components of certain prospective trades
Activist: Dorsal may at times attempt to influence management of a particular company or exercise control of a company in which it has a substantial position.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 70.0% of the book (60%+)

Turnover

Medium turnover

56.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.6 quarters, but 4.8% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 86.7%; sector active share 53.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

23 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

11.2%

+1.7 pts

Top 5

42.4%

+4.8 pts

Top 10

70.1%

+6.9 pts

HHI

620

Diversified+96

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	45.1%	$1,274,476,988	8
Technology	32.3%	$910,908,500	7
Communication Services	19.7%	$557,437,100	4
Industrials	1.8%	$50,907,400	3
Consumer Defensive	1.1%	$30,675,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
VFC	V F Corp	+850,000	3,250,000	$54,210,000
AMZN	Amazon Com Inc	+375,000	1,325,001	$315,800,738
FWONK	Liberty Media Corp	+325,000	2,350,000	$223,579,000
PLNT	Planet Fitness, Inc.	+250,000	2,775,000	$144,771,750
SE	Sea Ltd	+225,000	1,550,000	$148,536,500
SPOT	Spotify Technology S.A.	+150,000	360,000	$165,286,800
HD	Home Depot, Inc.	+100,000	600,000	$211,608,000
MSFT	Microsoft Corp	+40,000	355,000	$132,422,100
META	Meta Platforms, Inc.	+10,000	220,000	$123,923,800
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
SN	SharkNinja, Inc.	−500,000	500,000	$76,135,000
CPNG	Coupang, Inc.	−400,000	7,500,000	$130,275,000
TWLO	Twilio Inc	−300,000	400,000	$82,532,000
FROG	JFrog Ltd	−275,000	875,000	$79,520,000
SMTC	Semtech Corp	−250,000	550,000	$89,017,500
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−155,000	570,000	$272,214,900
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
LRCX	Lam Research Corp	400,000	$173,332,000
OKTA	Okta, Inc.	600,000	$81,870,000
LUV	Southwest Airlines Co	650,000	$33,423,000
USFD	US Foods Holding Corp.	300,000	$30,675,000
SPCX	Space Exploration Technologies Corp	40,000	$6,834,400
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
Z	Zillow Group, Inc.	2,450,000	$101,381,000
ADSK	Autodesk, Inc.	350,000	$83,790,000
NTNX	Nutanix, Inc.	1,300,000	$49,413,000
ECHO	EchoStar CORP	350,000	$40,974,500
AAP	Advance Auto Parts Inc	700,000	$36,925,000
WIX	Wix.com Ltd.	350,000	$31,524,500
APP	AppLovin Corp	75,000	$29,850,000
SPY	Spdr S&P 500 ETF Trust	28,370	$18,450,145
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 tracked positions · $2,824,404,988 total · filing declares 24 positions · $2,824,404,988 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,325,001	+375,000	$315,800,738	+59.6%	2	$228.90	11.18%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	570,000	-155,000	$272,214,900	+11.1%	7	$193.37	9.64%
FWONK	Liberty Media Corp Communication Services	Added	2,350,000	+325,000	$223,579,000	+29.9%	11	$79.48	7.92%
HD	Home Depot, Inc. Consumer Cyclical	Added	600,000	+100,000	$211,608,000	+28.7%	9	$353.90	7.49%
LRCX	Lam Research Corp Technology	NEW	400,000	NEW	$173,332,000	NEW	1	$303.56	6.14%
SPOT	Spotify Technology S.A. Communication Services	Added	360,000	+150,000	$165,286,800	+62.3%	2	$491.38	5.85%
CPNG	Coupang, Inc. CALL + SHARES Consumer Cyclical	Added	9,500,000	+1,600,000	$165,015,000	+10.6%	10	$19.00	5.84%
BURL	Burlington Stores, Inc. Consumer Cyclical	Held	500,000	0	$158,400,000	−2.6%	19	$226.54	5.61%
SE	Sea Ltd Consumer Cyclical	Added	1,550,000	+225,000	$148,536,500	+35.4%	8	$97.57	5.26%
PLNT	Planet Fitness, Inc. Consumer Cyclical	Added	2,775,000	+250,000	$144,771,750	−22.9%	11	$73.34	5.13%
MSFT	Microsoft Corp Technology	Added	355,000	+40,000	$132,422,100	+13.6%	26+	before history	4.69%
META	Meta Platforms, Inc. Communication Services	Added	220,000	+10,000	$123,923,800	+3.1%	14	$266.73	4.39%
SMTC	Semtech Corp Technology	Reduced	550,000	-250,000	$89,017,500	+44.7%	2	$82.24	3.15%
TWLO	Twilio Inc Technology	Reduced	400,000	-300,000	$82,532,000	−6.3%	3	$123.68	2.92%
OKTA	Okta, Inc. Technology	NEW	600,000	NEW	$81,870,000	NEW	1	$94.04	2.90%
FROG	JFrog Ltd Technology	Reduced	875,000	-275,000	$79,520,000	+47.3%	2	$49.11	2.82%
SN	SharkNinja, Inc. Consumer Cyclical	Reduced	500,000	-500,000	$76,135,000	−28.1%	7	$103.31	2.70%
VFC	V F Corp Consumer Cyclical	Added	3,250,000	+850,000	$54,210,000	+32.9%	2	$18.60	1.92%
NXST	Nexstar Media Group, Inc. Communication Services	Held	250,000	0	$44,647,500	−1.2%	4	$195.57	1.58%
LUV	Southwest Airlines Co Industrials	NEW	650,000	NEW	$33,423,000	NEW	1	$41.99	1.18%
USFD	US Foods Holding Corp. Consumer Defensive	NEW	300,000	NEW	$30,675,000	NEW	1	$89.21	1.09%
RCAT	Red Cat Holdings, Inc. CALL Industrials	NEW	1,000,000	NEW	$10,650,000	NEW	—	—	0.38%
SPCX	Space Exploration Technologies Corp Industrials	NEW	40,000	NEW	$6,834,400	NEW	1	unpriced	0.24%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.