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Hedge fund

Dorsal Capital Management, LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1547007

Reported value
$2.8bn
100% in companies we cover
Positions we cover
22
Largest AMZN 11.4%
Copy, a year
+18.0%
S&P 500 +14.2%
Copy Sharpe ratio
0.75
S&P 500 0.79

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $88.4k$57.8k
CopyS&P 500 $10,000 copying Dorsal Capital Management, LP's filed holdings in companies we cover from August 30, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −48.4% (S&P 500 −31.8%); beta 1.19; alpha +2.2% a year (t = 0.62); last 12 months −18.6% against +12.1%.

Reported value by quarter

Dorsal Capital Management, LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T $2T Reported value, 2013-03-31: $735.3M Reported value, 2013-06-30: $641.2M Reported value, 2013-09-30: $527.7M Reported value, 2013-12-31: $579.1M Reported value, 2014-03-31: $552.9M Reported value, 2014-06-30: $555.6M Reported value, 2014-09-30: $543.4M Reported value, 2014-12-31: $496.3M Reported value, 2015-03-31: $614.3M Reported value, 2015-06-30: $995.9M Reported value, 2015-09-30: $1.1B Reported value, 2015-12-31: $1.1B Reported value, 2016-03-31: $1B Reported value, 2016-06-30: $1.4B Reported value, 2016-09-30: $1.6B Reported value, 2016-12-31: $1.6B Reported value, 2017-03-31: $1.7B Reported value, 2017-06-30: $1.9B Reported value, 2017-09-30: $1.9B Reported value, 2017-12-31: $2B Reported value, 2018-03-31: $2B Reported value, 2018-06-30: $2B Reported value, 2018-09-30: $1.7B Reported value, 2018-12-31: $7.5M Reported value, 2019-03-31: $1.5B Reported value, 2019-06-30: $1.8B Reported value, 2019-09-30: $1.5B Reported value, 2019-12-31: $1.5B Reported value, 2020-03-31: $1.2B Reported value, 2020-06-30: $1.5B Reported value, 2020-09-30: $1.3B Reported value, 2020-12-31: $1.7B Reported value, 2021-03-31: $2B Reported value, 2021-06-30: $2.1B Reported value, 2021-09-30: $1.9B Reported value, 2021-12-31: $1.7B Reported value, 2022-03-31: $2B Reported value, 2022-06-30: $1.5B Reported value, 2022-09-30: $1.5B Reported value, 2022-12-31: $1.6T Reported value, 2023-03-31: $2.6B Reported value, 2023-06-30: $2.5B Reported value, 2023-09-30: $2.8B Reported value, 2023-12-31: $3.1B Reported value, 2024-03-31: $3B Reported value, 2024-06-30: $2.9B Reported value, 2024-09-30: $3.1B Reported value, 2024-12-31: $3.3B Reported value, 2025-03-31: $3.1B Reported value, 2025-06-30: $3.5B Reported value, 2025-09-30: $3.7B Reported value, 2025-12-31: $2.8B Reported value, 2026-03-31: $2.5B Reported value, 2026-06-30: $2.8B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $2.8B
View chart data
Period Reported value
2013-03-31 $735.3M
2013-06-30 $641.2M
2013-09-30 $527.7M
2013-12-31 $579.1M
2014-03-31 $552.9M
2014-06-30 $555.6M
2014-09-30 $543.4M
2014-12-31 $496.3M
2015-03-31 $614.3M
2015-06-30 $995.9M
2015-09-30 $1.1B
2015-12-31 $1.1B
2016-03-31 $1B
2016-06-30 $1.4B
2016-09-30 $1.6B
2016-12-31 $1.6B
2017-03-31 $1.7B
2017-06-30 $1.9B
2017-09-30 $1.9B
2017-12-31 $2B
2018-03-31 $2B
2018-06-30 $2B
2018-09-30 $1.7B
2018-12-31 $7.5M
2019-03-31 $1.5B
2019-06-30 $1.8B
2019-09-30 $1.5B
2019-12-31 $1.5B
2020-03-31 $1.2B
2020-06-30 $1.5B
2020-09-30 $1.3B
2020-12-31 $1.7B
2021-03-31 $2B
2021-06-30 $2.1B
2021-09-30 $1.9B
2021-12-31 $1.7B
2022-03-31 $2B
2022-06-30 $1.5B
2022-09-30 $1.5B
2022-12-31 $1.6T
2023-03-31 $2.6B
2023-06-30 $2.5B
2023-09-30 $2.8B
2023-12-31 $3.1B
2024-03-31 $3B
2024-06-30 $2.9B
2024-09-30 $3.1B
2024-12-31 $3.3B
2025-03-31 $3.1B
2025-06-30 $3.5B
2025-09-30 $3.7B
2025-12-31 $2.8B
2026-03-31 $2.5B
2026-06-30 $2.8B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AMZNAmazon11.36%$315.8m1.33M+39.5% Added
TSMTaiwan Semiconductor Manufacturing Co LTD9.79%$272.2m570.0K−21.4% Reduced
FWONKLiberty Media Corp8.04%$223.6m2.35M+16.0% Added
HDThe Home Depot7.61%$211.6m600.0K+20.0% Added
LRCXLam Research6.24%$173.3m400.0KNew
SPOTSpotify Technology S.a.5.95%$165.3m360.0K+71.4% Added
BURLBurlington Stores, Inc.5.70%$158.4m500.0K0.0%
SESea Ltd5.34%$148.5m1.55M+17.0% Added
PLNTPlanet Fitness, Inc.5.21%$144.8m2.77M+9.9% Added
MSFTMicrosoft Corporation4.76%$132.4m355.0K+12.7% Added
CPNGCoupang, Inc.4.69%$130.3m7.50M−5.1% Reduced
METAMeta Platforms4.46%$123.9m220.0K+4.8% Added
SMTCSemtech Corp3.20%$89.0m550.0K−31.2% Reduced
TWLOTwilio Inc2.97%$82.5m400.0K−42.9% Reduced
OKTAOkta, Inc.2.95%$81.9m600.0KNew
FROGJfrog Ltd2.86%$79.5m875.0K−23.9% Reduced
SNSharkninja, Inc.2.74%$76.1m500.0K−50.0% Reduced
VFCVF Corporation1.95%$54.2m3.25M+35.4% Added
NXSTNexstar Media Group, Inc.1.61%$44.6m250.0K0.0%
LUVSouthwest Airlines1.20%$33.4m650.0KNew
USFDUS Foods Holding Corp.1.10%$30.7m300.0KNew
SPCXSpace Exploration Technologies Corp0.25%$6.8m40.0KNew
CompanyBought (value)Shares
LRCXLam Research$173.3m400.0K
AMZNAmazon$89.4m375.0K
OKTAOkta, Inc.$81.9m600.0K
SPOTSpotify Technology S.a.$68.9m150.0K
HDThe Home Depot$35.3m100.0K
LUVSouthwest Airlines$33.4m650.0K
FWONKLiberty Media Corp$30.9m325.0K
USFDUS Foods Holding Corp.$30.7m300.0K
SESea Ltd$21.6m225.0K
MSFTMicrosoft Corporation$14.9m40.0K
VFCVF Corporation$14.2m850.0K
PLNTPlanet Fitness, Inc.$13.0m250.0K
SPCXSpace Exploration Technologies Corp$6.8m40.0K
METAMeta Platforms$5.6m10.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ZZillow Group, Inc.−$101.4m−2.45M
ADSKAutodesk, Inc.−$83.8m−350.0K
SNSharkninja, Inc.−$76.1m−500.0K
TSMTaiwan Semiconductor Manufacturing Co LTD−$74.0m−155.0K
TWLOTwilio Inc−$61.9m−300.0K
NTNXNutanix, Inc.−$49.4m−1.30M
ECHOEchoStar−$41.0m−350.0K
SMTCSemtech Corp−$40.5m−250.0K
AAPAdvance Auto Parts Inc−$36.9m−700.0K
WIXWix.com Ltd.−$31.5m−350.0K
APPApplovin Corp−$29.9m−75.0K
FROGJfrog Ltd−$25.0m−275.0K
CPNGCoupang, Inc.−$6.9m−400.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
ZZillow Group, Inc.$101.4m2.45M
ADSKAutodesk, Inc.$83.8m350.0K
NTNXNutanix, Inc.$49.4m1.30M
ECHOEchoStar$41.0m350.0K
AAPAdvance Auto Parts Inc$36.9m700.0K
WIXWix.com Ltd.$31.5m350.0K
APPApplovin Corp$29.9m75.0K
  • Consumer Discretionary39.3%
  • Technology32.8%
  • Communication Services25.4%
  • Industrials1.4%
  • Consumer Staples1.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 30, 2013 to November 2, 2026+18.0%+14.2%0.750.79−48.4%1.19
2018 onwardsJanuary 5, 2018 to November 2, 2026+12.9%+13.9%0.490.66−48.4%1.20
Last three yearsNovember 3, 2023 to November 2, 2026+9.5%+21.8%0.331.16−28.4%1.12
Last yearNovember 7, 2025 to November 2, 2026−17.4%+14.2%−1.110.84−21.9%1.08

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.