Dorsey Asset Management
Pat DorseyCHICAGO, ILfiles as Dorsey Asset Management, LLC
$1.6bn in 11 US stocks at the end of 30 June 2026. The top 10 are 94.5% of the money. It changed about 12.3% of the portfolio this quarter.
Value
$1.6bn
Stocks
11
Top 10 share
94.5%
Turnover
12.3%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- AppLovinAPP14.5% of the fund+39%
- Royalty PharmaRPRX8.8% of the fund+8%
- Booking HoldingsBKNG8.5% of the fund+80%
- S&P GlobalSPGI8.3% of the fund+42%
- Uber TechnologiesUBER8.1% of the fund+62%
- Live Nation EntertainmentLYV7.7% of the fund+8%
- DanaherDHR7.6% of the fund+8%
- Meta PlatformsMETA7.2% of the fund+24%
Cut
Sold some of their stake.
- ASML Holding NVASML16.6% of the fund-7%
- AerCap HoldingsAER7.2% of the fund-32%
- Sunbelt Rentals HoldingsSUNB5.5% of the fund-48%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| ASML Holding NVASML | 16.6% | $259m | 130,364 | -7% |
| AppLovinAPP | 14.5% | $226m | 439,313 | +39% |
| Royalty PharmaRPRX | 8.8% | $138m | 2,456,528 | +8% |
| Booking HoldingsBKNG | 8.5% | $132m | 741,500 | +80% |
| S&P GlobalSPGI | 8.3% | $129m | 316,413 | +42% |
| Uber TechnologiesUBER | 8.1% | $127m | 1,761,941 | +62% |
| Live Nation EntertainmentLYV | 7.7% | $120m | 655,658 | +8% |
| DanaherDHR | 7.6% | $119m | 626,211 | +8% |
| Meta PlatformsMETA | 7.2% | $113m | 199,901 | +24% |
| AerCap HoldingsAER | 7.2% | $112m | 766,828 | -32% |
| Sunbelt Rentals HoldingsSUNB | 5.5% | $86m | 1,150,578 | -48% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 40.0% since 30 June 2025.
Where the money is
Media & telecom29.4%
Industrials24.8%
Health care16.5%
Technology12.7%
Retail & consumer8.5%
Financial services8.3%
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.