Q2 2026 · SEC CIK 0001671657
Pat Dorsey portfolio
SuperinvestorHedge fundDorsey Asset Management, LLC filed on 2026-08-14. Open SEC filings ↗
- Reported 13F value
- $1.6B
- Reported positions
- 11
- Eligible equities
- 11
- Holdings vs S&P 500, 3 years
- +4.3 pts
Average holding period of the top positions: 1.8 yrs. Holdings vs the S&P 500 over 1 and 5 years: -0.4 pts, -5.3 pts.
In its Q2 2026 13F, filed 2026-08-14, Dorsey Asset Management, LLC reported 11 positions worth $1.6B. Its largest holdings were ASML HLDG NV (ASML, 16.6%), APPLOVIN CORP (APP, 14.5%), ROYALTY PHARMA PLC (RPRX, 8.8%). Over the last 3 years its top holdings ran 4.3 points a year ahead of the S&P 500.
Reported holdings in the Q2 2026 13F.
The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.
| Stock | % of reported portfolio | Weight change | Reported value |
|---|---|---|---|
| ASMLASML HLDG NV | 16.6% | +1.85 pp | $259.4M |
| APPAPPLOVIN CORP | 14.5% | +4.45 pp | $226.3M |
| RPRXROYALTY PHARMA PLC | 8.8% | +0.13 pp | $137.7M |
| BKNGBOOKING HOLDINGS INC | 8.5% | +2.95 pp | $132.2M |
| SPGIS&P GLOBAL INC | 8.3% | +0.71 pp | $128.9M |
| UBERUBER TECHNOLOGIES INC | 8.1% | +1.90 pp | $127.1M |
| LYVLIVE NATION ENTERTAINMENT IN | 7.7% | +0.31 pp | $120.1M |
| DHRDANAHER CORP DEL | 7.6% | -1.12 pp | $119.3M |
| METAMETA PLATFORMS INC | 7.2% | -0.15 pp | $112.6M |
| AERAERCAP HOLDINGS NV | 7.2% | -5.11 pp | $111.8M |
| SUNBSUNBELT RENTALS HOLDINGS INC | 5.5% | -5.92 pp | $86.1M |
What Pat Dorsey bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
- BKNG Booking Holdings Inc Com+4409.2% shares
- UBER Uber Technologies Inc+61.6% shares
- SPGI S&P Global Inc.+42.1% shares
- APP Applovin Corp+38.6% shares
- META Meta Platforms Inc Class A+23.6% shares
- DHR Danaher Corporation+7.9% shares
- LYV Live Nation Entertainment in+7.9% shares
- RPRX Royalty Pharma PLC+7.9% shares
Reduced
- SUNB Sunbelt Rentals Holdings Inc-47.8% shares
- AER Aercap Holdings NV-31.7% shares
- ASML Asml Hldg NV-7.1% shares
Sold out
Nothing sold out.
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +19.5% /yr
- S&P 500 +20.1%
- 3 years
- +24.6% /yr
- S&P 500 +20.4%
- 5 years
- +2.7% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Questions about Pat Dorsey's portfolio
What stocks does Pat Dorsey own?
Dorsey Asset Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 11 positions worth $1.6B. The largest are Asml Hldg NV (ASML) at 16.6%, Applovin Corp (APP) at 14.5%, Royalty Pharma PLC (RPRX) at 8.8%, Booking Holdings Inc Com (BKNG) at 8.5% and S&P Global Inc. (SPGI) at 8.3%.
What did Pat Dorsey buy last quarter?
In Q2 2026, Dorsey Asset Management, LLC added Booking Holdings Inc Com (BKNG) (+4409.2% shares), Uber Technologies Inc (UBER) (+61.6% shares) and S&P Global Inc. (SPGI) (+42.1% shares), compared with its Q1 2026 filing.
What did Pat Dorsey sell last quarter?
In Q2 2026, Dorsey Asset Management, LLC Sunbelt Rentals Holdings Inc (SUNB) (-47.8% shares), Aercap Holdings NV (AER) (-31.7% shares) and Asml Hldg NV (ASML) (-7.1% shares), compared with its Q1 2026 filing.
How has Pat Dorsey's portfolio performed?
A portfolio copying Dorsey Asset Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.5% against +20.1%. Over 5 years: +2.7% a year against +11.6%.
When is Dorsey Asset Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Dorsey Asset Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Dorsey Asset Management, LLC manage?
Dorsey Asset Management, LLC reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.6B.