Dorsey Asset Management, LLC

Superinvestor · Pat Dorsey

CIK

1671657

Location

CHICAGO, IL

Portfolio Value

Mid $1,184,288,457

Diversification

Diversified

Filing Date

Global Rank

#1,600 / 8,603 ▲ 207 · as of Mar 2026

Top Industry

Rental & Leasing Services 25.1%

3Y Alpha vs SPY

+8.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+121.7%

SPY

+76.5%

Annualised alpha

+9.5%

Max drawdown

−25.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

11 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

15.6%

−5.0 pts

Top 5

60.7%

−15.7 pts

Top 10

99.8%

−0.2 pts

HHI

1,069

Diversified−395

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	26.3%	$311,317,038	3
Industrials	25.1%	$297,643,410	2
Technology	22.3%	$263,729,756	2
Healthcare	18.5%	$219,220,566	2
Financial Services	7.6%	$89,608,307	1
Consumer Cyclical	0.2%	$2,769,380	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
RPRX	Royalty Pharma plc	+17,101	2,276,570	$109,207,062
LYV	Live Nation Entertainment, Inc.	+4,636	607,609	$92,666,448
META	Meta Platforms, Inc.	+1,233	161,683	$92,503,694
BKNG	Booking Holdings Inc.	+127	16,444	$2,769,380
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
DHR	Danaher Corp /De/	−247,280	580,240	$110,013,504
AER	AerCap Holdings N.V.	−91,570	1,123,489	$154,120,221
ASML	Asml Holding NV	−52,048	140,295	$185,305,844
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	2,204,996	$143,523,189
APP	AppLovin Corp	316,952	$126,146,896
SPGI	S&P Global Inc.	222,683	$89,608,307
UBER	Uber Technologies, Inc	1,090,281	$78,423,912
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
AZO	Autozone Inc	25,121	$85,197,871
ENOV	Enovis CORP	2,279,200	$60,717,888
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $1,184,288,457 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
ASML	Asml Holding NV Technology	Reduced	140,295	-52,048	$185,305,844	−9.9%	$1,370.36	15.65%
AER	AerCap Holdings N.V. Industrials	Reduced	1,123,489	-91,570	$154,120,221	−11.8%	$143.01	13.01%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	2,204,996	NEW	$143,523,189	NEW	$70.19	12.12%
APP	AppLovin Corp Communication Services	NEW	316,952	NEW	$126,146,896	NEW	$483.34	10.65%
DHR	Danaher Corp /De/ Healthcare	Reduced	580,240	-247,280	$110,013,504	−41.9%	$212.96	9.29%
RPRX	Royalty Pharma plc Healthcare	Added	2,276,570	+17,101	$109,207,062	+25.1%	$43.80	9.22%
LYV	Live Nation Entertainment, Inc. Communication Services	Added	607,609	+4,636	$92,666,448	+7.8%	$151.44	7.82%
META	Meta Platforms, Inc. Communication Services	Added	161,683	+1,233	$92,503,694	−12.7%	$640.86	7.81%
SPGI	S&P Global Inc. Financial Services	NEW	222,683	NEW	$89,608,307	NEW	$439.22	7.57%
UBER	Uber Technologies, Inc Technology	NEW	1,090,281	NEW	$78,423,912	NEW	$76.97	6.62%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	16,444	+127	$2,769,380	−20.8%	$184.02	0.23%