Dorsal Capital Management, LP
Redwood City, CA
$2.8bn in 22 US stocks at the end of 30 June 2026. The top 10 are 70.0% of the money. It changed about 22.4% of the portfolio this quarter.
Value
$2.8bn
Stocks
22
Top 10 share
70.0%
Turnover
22.4%
What changed this quarter
New
Bought for the first time this quarter.
- Lam ResearchLRCX6.2% of the fund
- OktaOKTA2.9% of the fund
- Southwest AirlinesLUV1.2% of the fund
- US Foods HoldingUSFD1.1% of the fund
- Space Exploration TechnologiesSPCX0.2% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN11.4% of the fund+39%
- Liberty MediaFWONK8.0% of the fund+16%
- Home DepotHD7.6% of the fund+20%
- Spotify TechnologySPOT5.9% of the fund+71%
- SeaSE5.3% of the fund+17%
- Planet FitnessPLNT5.2% of the fund+10%
- MicrosoftMSFT4.8% of the fund+13%
- Meta PlatformsMETA4.5% of the fund+5%
- V FVFC2.0% of the fund+35%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM9.8% of the fund-21%
- CoupangCPNG4.7% of the fund-5%
- SemtechSMTC3.2% of the fund-31%
- TwilioTWLO3.0% of the fund-43%
- JFrogFROG2.9% of the fund-24%
- SharkNinjaSN2.7% of the fund-50%
Sold out
Sold their entire stake.
- Zillow GroupZ-100%
- AutodeskADSK-100%
- NutanixNTNX-100%
- EchoStarECHO-100%
- Advance Auto PartsAAP-100%
- Wix.comWIX-100%
- AppLovinAPP-100%
- State STR Spdr S&P 500 ETF TSPY-100%
Holdings
- SeaSE
- Share
- 5.3%
- Value
- $149m
- Shares
- 1,550,000
+17%
- Space Exploration TechnologiesSPCX
- Share
- 0.2%
- Value
- $7m
- Shares
- 40,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Amazon.comAMZN | 11.4% | $316m | 1,325,001 | +39% |
| Taiwan Semiconductor ManufacturingTSM | 9.8% | $272m | 570,000 | -21% |
| Liberty MediaFWONK | 8.0% | $224m | 2,350,000 | +16% |
| Home DepotHD | 7.6% | $212m | 600,000 | +20% |
| Lam ResearchLRCX | 6.2% | $173m | 400,000 | New |
| Spotify TechnologySPOT | 5.9% | $165m | 360,000 | +71% |
| Burlington StoresBURL | 5.7% | $158m | 500,000 | Held |
| SeaSE | 5.3% | $149m | 1,550,000 | +17% |
| Planet FitnessPLNT | 5.2% | $145m | 2,775,000 | +10% |
| MicrosoftMSFT | 4.8% | $132m | 355,000 | +13% |
| CoupangCPNG | 4.7% | $130m | 7,500,000 | -5% |
| Meta PlatformsMETA | 4.5% | $124m | 220,000 | +5% |
| SemtechSMTC | 3.2% | $89m | 550,000 | -31% |
| TwilioTWLO | 3.0% | $83m | 400,000 | -43% |
| OktaOKTA | 2.9% | $82m | 600,000 | New |
| JFrogFROG | 2.9% | $80m | 875,000 | -24% |
| SharkNinjaSN | 2.7% | $76m | 500,000 | -50% |
| V FVFC | 2.0% | $54m | 3,250,000 | +35% |
| Nexstar Media GroupNXST | 1.6% | $45m | 250,000 | Held |
| Southwest AirlinesLUV | 1.2% | $33m | 650,000 | New |
| US Foods HoldingUSFD | 1.1% | $31m | 300,000 | New |
| Space Exploration TechnologiesSPCX | 0.2% | $7m | 40,000 | New |
Options (2)
- CoupangCPNG
- Type
- Call
- Value
- $35m
- Contracts
- 2,000,000
- Red Cat HoldingsRCAT
- Type
- Call
- Value
- $11m
- Contracts
- 1,000,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| CoupangCPNG | Call | $35m | 2,000,000 |
| Red Cat HoldingsRCAT | Call | $11m | 1,000,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 20.9% since 30 June 2025.
Where the money is
Retail & consumer39.3%
Technology33.0%
Media & telecom20.1%
Industrials1.2%
Everyday goods1.1%
Other5.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.