Stocks/Funds/CIK 1671657

Dorsey Asset Management, LLC

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1671657
Assets
$1.26B
+33.1% YoY
Holdings
11
Lifetime alpha vs market
+3.16% annual
Average hold time
1.7 yr
median 0.8 yr

Quarterly history

Cum return +72% vs S&P +52% · α +20% lifetimeAUM $1.3B · peak $1.3BFlow $19M (+2%)2016-122018-062019-122021-062022-122024-062025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+4.10%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.25%
baseline attrition
Rally response
-10.64%
trims into rallies
when a holding rises +10%+

Top positions · 11

Ticker$ value% portYoYHold time
ASMLASML Holding N.V.$185M14.8%+100.9%1.3 yr
AERAerCap Holdings N.V.$154M12.3%+35.6%1.3 yr
SUNBSunbelt Rentals Holdings$144M11.4%0.3 yr
APPAppLovin Corporation$126M10.0%+50.2%0.5 yr
DHRDanaher Corporation$110M8.8%-7.1%2.5 yr
RPRXRoyalty Pharma plc$109M8.7%+57.7%0.8 yr
SPGIS&P Global Inc.$95M7.5%-15.6%0.3 yr
LYVLive Nation Entertainmen$93M7.4%+16.8%0.5 yr
METAMeta Platforms, Inc.$93M7.4%-0.4%9.5 yr
UBERUber Technologies, Inc.$78M6.2%-1.3%0.3 yr
BKNGBooking Holdings Inc.$69M5.5%-96.3%1.3 yr

Portfolio composition (YoY)

Industry mix
Software - Application16.3%+8.7pp$205M
Semiconductors14.8%+9.8pp$185M
Rental & Leasing Services12.3%-0.1pp$154M
Financial - Credit Services11.4%+5.5pp$144M
Medical - Diagnostics & Research8.8%-6.3pp$110M
Biotechnology8.7%$109M
Financial - Data & Stock Exchanges7.5%$95M
Entertainment7.4%$93M
Internet Content & Information7.4%-18.3pp$93M
Travel Services5.5%-2.3pp$69M
Country
US73.0%-4.2pp
NL14.8%+9.8pp
IE12.3%-0.1pp
Top 5: 57.3% · Top 10: 94.5% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
ASML$47M+0.05B100.9%
AER$116M+0.04B35.6%
META$142M-0.00B-0.4%
DHR$142M-0.01B-7.1%
BKNG$74M-0.07B-96.3%

Losers

TickerPrev $PnLYoY %
BKNG$74M-0.07B-96.3%
DHR$142M-0.01B-7.1%
META$142M-0.00B-0.4%

Top buys this quarter · 7

SUNB Sunbelt Rentals Holdings Incnew+$144M
SPGI S&P Global Inc.new+$95M
UBER Uber Technologies, Inc.new+$78M
RPRX Royalty Pharma plc+$1M
LYV Live Nation Entertainment, Inc+$1M
META Meta Platforms, Inc.+$93M
BKNG Booking Holdings Inc.+$69M

Top sells this quarter · 7

APP AppLovin Corporation$91M
AZO AutoZone, Inc.exit$85M
ASML ASML Holding N.V.$69M
GOOG Alphabet Inc.exit$62M
ENOV Enovis Corporationexit$52M
DHR Danaher Corporation$47M
AER AerCap Holdings N.V.$13M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1.26B11+30.81%+17.59%+13.22%+0.02B
2025-12-31$1.15B10+9.07%+17.72%-8.65%-0.02B
2025-09-30$1.11B9+19.79%+17.52%+2.27%-0.08B
2025-06-30$1.12B10+22.95%+14.94%+8.01%+0.09B
2025-03-31$944M11+12.64%+8.30%+4.33%+0.07B
2024-12-31$970M11+42.67%+24.89%+17.78%-0.10B
2024-09-30$928M12+47.22%+36.04%+11.18%+0.00B
2024-06-30$839M11+40.23%+24.49%+15.74%-0.01B
2024-03-31$860M10+47.39%+29.62%+17.76%-0.02B
2023-12-31$778M9+78.50%+26.18%+52.32%-0.13B
2023-09-30$766M10+30.97%+21.57%+9.41%-0.03B
2023-06-30$755M10+15.28%+19.42%-4.15%-0.16B
2023-03-31$882M9-20.65%-7.82%-12.83%-0.06B
2022-12-31$688M9-12.88%+7.56%-20.44%-0.03B
2022-09-30$825M10-7.75%-4.93%-2.82%+0.09B
2022-06-30$801M10-28.20%-16.11%-12.09%+0.06B