Dorsey Asset Management, LLC
Long book
$1.26B
Q1 2026
Positions
11
Top-10 weight
94%
concentration
Last quarter
+16.1%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsDorsey Asset Management, LLC is a concentrated fundamental stock-picker, running a $1.26B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ASML HOLDING NV-NY REG SHS, AERCAP HOLDINGS NV, SUNBELT RENTALS HOLDINGS INC, APPLOVIN CORP-CLASS A, DANAHER CORP.
Over the last 9 quarters its long book ran on average 2.2pp per quarter ahead of the S&P 500, beating the index in 5 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
+1.9%
Q2 2024
+7.6%
Q3 2024
+25.0%
Q4 2024
-12.9%
Q1 2025
+10.3%
Q2 2025
+8.0%
Q3 2025
+5.5%
Q4 2025
-1.0%
Q1 2026
+16.1%
Sector allocation
Services media 45%
Technology 26%
Industrials 20%
Healthcare 9%
Long book by quarter
What does Dorsey Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 140.3K | $185.3M | 14.8% | -27.1% |
| AER AERCAP HOLDINGS NV | Services media | 1.1M | $154.1M | 12.3% | -7.5% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 2.2M | $143.5M | 11.4% | New |
| APP APPLOVIN CORP-CLASS A | Technology | 317.0K | $126.1M | 10.0% | New |
| DHR DANAHER CORP | Technology | 580.2K | $110.0M | 8.8% | -29.9% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 2.3M | $109.2M | 8.7% | +0.8% |
| SPGI S&P GLOBAL INC | Services media | 222.7K | $94.7M | 7.5% | New |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 607.6K | $92.7M | 7.4% | +0.8% |
| META META PLATFORMS INC-CLASS A | Technology | 161.7K | $92.5M | 7.4% | +0.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 1.1M | $78.4M | 6.2% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 16.4K | $69.2M | 5.5% | +0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $1.26B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 10 | $1.15B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $1.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 10 | $1.12B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 11 | $943.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 11 | $970.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 12 | $927.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 11 | $839.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $860.2M | canonical | SEC ↗ |
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