Dorsal Capital Management, LP
Long book
$2.52B
Q1 2026
Positions
25
Top-10 weight
65%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsDorsal Capital Management, LP is a concentrated fundamental stock-picker, running a $2.52B US long book across 25 positions.
The portfolio is concentrated: the top 10 names carry 65% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, AMAZON.COM INC, PLANET FITNESS INC - CL A, LIBERTY MEDIA CORP-FORMULA-C, HOME DEPOT INC.
Over the last 9 quarters its long book ran on average 2.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.4%
Q2 2024
+8.6%
Q3 2024
+11.3%
Q4 2024
-8.6%
Q1 2025
+17.7%
Q2 2025
+5.2%
Q3 2025
-10.2%
Q4 2025
-16.6%
Q1 2026
+12.4%
Sector allocation
Consumer discretionary 33%
Technology 30%
Communications 17%
Services media 14%
Industrials 5%
Other 2%
Long book by quarter
What does Dorsal Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 950.0K | $197.9M | 7.9% | New |
| PLNT PLANET FITNESS INC - CL A | Services media | 2.5M | $187.8M | 7.5% | -8.2% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 2.0M | $172.2M | 6.8% | +80.0% |
| HD HOME DEPOT INC | Consumer discretionary | 500.0K | $164.4M | 6.5% | Held |
| BURL BURLINGTON STORES INC | Consumer discretionary | 500.0K | $162.7M | 6.5% | +5.3% |
| CPNG COUPANG INC | Consumer discretionary | 7.9M | $149.2M | 5.9% | +9.0% |
| META META PLATFORMS INC-CLASS A | Technology | 210.0K | $120.1M | 4.8% | -4.5% |
| MSFT MICROSOFT CORP | Technology | 315.0K | $116.6M | 4.6% | -41.7% |
| SN SHARKNINJA INC | Industrials | 1.0M | $105.9M | 4.2% | Held |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 210.0K | $101.8M | 4.0% | New |
| Z ZILLOW GROUP INC - C | Services media | 2.5M | $101.4M | 4.0% | -16.2% |
| TWLO TWILIO INC - A | Technology | 700.0K | $88.1M | 3.5% | +27.3% |
| ADSK AUTODESK INC | Technology | 350.0K | $83.8M | 3.3% | -12.5% |
| SMTC SEMTECH CORP | Technology | 800.0K | $61.5M | 2.4% | New |
| FROG JFROG LTD | Technology | 1.1M | $54.0M | 2.1% | New |
| NTNX NUTANIX INC - A | Technology | 1.3M | $49.4M | 2.0% | -18.8% |
| NXST NEXSTAR MEDIA GROUP INC | Communications | 250.0K | $45.2M | 1.8% | -23.1% |
| ECHO ECHOSTAR CORP-A | Communications | 350.0K | $41.0M | 1.6% | New |
| VFC VF CORP | Other | 2.4M | $40.8M | 1.6% | New |
| AAP ADVANCE AUTO PARTS INC | Consumer discretionary | 700.0K | $36.9M | 1.5% | Held |
| WIX WIX.COM LTD | Technology | 350.0K | $31.5M | 1.3% | -77.4% |
| APP APPLOVIN CORP-CLASS A | Technology | 75.0K | $29.9M | 1.2% | -25.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 27 | $2.57B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $2.88B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 24 | $3.75B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $3.75B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 25 | $3.27B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 26 | $4.23B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 22 | $3.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 21 | $2.90B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 26 | $3.06B | canonical | SEC ↗ |
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