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Asset manager

Dorsey Asset Management, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1671657

Reported value
$1.6bn
100% in companies we cover
Positions we cover
11
Largest ASML 16.6%
Copy, a year
+20.5%
S&P 500 +14.9%
Copy Sharpe ratio
0.66
S&P 500 0.69

How copying its 13F would have done

$10.0k$20.0k$40.0k 20172019202120232025 $62.1k$38.8k
CopyS&P 500 $10,000 copying Dorsey Asset Management, LLC's filed holdings in companies we cover from January 20, 2017, 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 −68.9% (S&P 500 −31.8%); beta 1.22; alpha +4.8% a year (t = 0.74); last 12 months +3.9% against +12.1%.

Reported value by quarter

Dorsey Asset Management, LLC: 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 Reported value, 2016-12-31: $106.9M Reported value, 2017-03-31: $176.8M Reported value, 2017-06-30: $213.1M Reported value, 2017-09-30: $230.6M Reported value, 2017-12-31: $277.2M Reported value, 2018-03-31: $295.6M Reported value, 2018-06-30: $378.7M Reported value, 2018-09-30: $426.8M Reported value, 2018-12-31: $359.8M Reported value, 2019-03-31: $398.1M Reported value, 2019-06-30: $447.4M Reported value, 2019-09-30: $426.1M Reported value, 2019-12-31: $508.2M Reported value, 2020-03-31: $396.2M Reported value, 2020-06-30: $618.9M Reported value, 2020-09-30: $673M Reported value, 2020-12-31: $764.4M Reported value, 2021-03-31: $956.1M Reported value, 2021-06-30: $1.3B Reported value, 2021-09-30: $1.1B Reported value, 2021-12-31: $1.2B Reported value, 2022-03-31: $1B Reported value, 2022-06-30: $801.1M Reported value, 2022-09-30: $825.2B Reported value, 2022-12-31: $687.9B Reported value, 2023-03-31: $882M Reported value, 2023-06-30: $755.2M Reported value, 2023-09-30: $765.9M Reported value, 2023-12-31: $778M Reported value, 2024-03-31: $860.2M Reported value, 2024-06-30: $839.4M Reported value, 2024-09-30: $927.6M Reported value, 2024-12-31: $970M Reported value, 2025-03-31: $943.6M Reported value, 2025-06-30: $1.1B Reported value, 2025-09-30: $1.1B Reported value, 2025-12-31: $1.2B Reported value, 2026-03-31: $1.3B Reported value, 2026-06-30: $1.6B 2016-12-31 2018-12-31 2020-12-31 2022-12-31 2024-12-31 2026-06-30 $1.6B
View chart data
Period Reported value
2016-12-31 $106.9M
2017-03-31 $176.8M
2017-06-30 $213.1M
2017-09-30 $230.6M
2017-12-31 $277.2M
2018-03-31 $295.6M
2018-06-30 $378.7M
2018-09-30 $426.8M
2018-12-31 $359.8M
2019-03-31 $398.1M
2019-06-30 $447.4M
2019-09-30 $426.1M
2019-12-31 $508.2M
2020-03-31 $396.2M
2020-06-30 $618.9M
2020-09-30 $673M
2020-12-31 $764.4M
2021-03-31 $956.1M
2021-06-30 $1.3B
2021-09-30 $1.1B
2021-12-31 $1.2B
2022-03-31 $1B
2022-06-30 $801.1M
2022-09-30 $825.2B
2022-12-31 $687.9B
2023-03-31 $882M
2023-06-30 $755.2M
2023-09-30 $765.9M
2023-12-31 $778M
2024-03-31 $860.2M
2024-06-30 $839.4M
2024-09-30 $927.6M
2024-12-31 $970M
2025-03-31 $943.6M
2025-06-30 $1.1B
2025-09-30 $1.1B
2025-12-31 $1.2B
2026-03-31 $1.3B
2026-06-30 $1.6B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
ASMLAsml Holding NV16.61%$259.4m130.4K−7.1% Reduced
APPApplovin Corp14.50%$226.3m439.3K+38.6% Added
RPRXRoyalty Pharma plc8.82%$137.7m2.46M+7.9% Added
BKNGBooking Holdings8.46%$132.2m741.5K+4409.2% Added
SPGIS&P Global8.25%$128.9m316.4K+42.1% Added
UBERUber8.14%$127.1m1.76M+61.6% Added
LYVLive Nation Entertainment7.69%$120.1m655.7K+7.9% Added
DHRDanaher Corporation7.64%$119.3m626.2K+7.9% Added
METAMeta Platforms7.21%$112.6m199.9K+23.6% Added
AERAercap Holdings N.V.7.16%$111.8m766.8K−31.7% Reduced
SUNBSunbelt Rentals Holdings, Inc.5.51%$86.1m1.15M−47.8% Reduced
CompanyBought (value)Shares
BKNGBooking Holdings$129.2m725.1K
APPApplovin Corp$63.0m122.4K
UBERUber$48.5m671.7K
SPGIS&P Global$38.2m93.7K
METAMeta Platforms$21.5m38.2K
RPRXRoyalty Pharma plc$10.1m180.0K
LYVLive Nation Entertainment$8.8m48.0K
DHRDanaher Corporation$8.8m46.0K

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

CompanySold (value)Shares
SUNBSunbelt Rentals Holdings, Inc.−$78.9m−1.05M
AERAercap Holdings N.V.−$52.0m−356.7K
ASMLAsml Holding NV−$19.8m−9.9K

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

No positions in covered companies were sold out this quarter.

  • Technology31.1%
  • Industrials20.8%
  • Health Care16.5%
  • Communication Services14.9%
  • Consumer Discretionary8.5%
  • Financials8.3%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestJanuary 20, 2017 to November 2, 2026+20.5%+14.9%0.660.69−68.9%1.22
2018 onwardsJanuary 5, 2018 to November 2, 2026+17.9%+13.9%0.570.61−68.9%1.22
Last three yearsNovember 3, 2023 to November 2, 2026+22.4%+21.8%0.881.16−25.4%1.12
Last yearNovember 7, 2025 to November 2, 2026+6.6%+14.2%0.230.84−10.9%1.06

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.