Arkolith/Funds/Dorsey Asset Management, LLC

Dorsey Asset Management, LLC

Pat Dorsey CIK 1671657Hedge fund
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Dorsey Asset Management, LLC holds a focused book of 11 stocks worth $1.3B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Sunbelt Rentals Holdings Inc and trimmed ASML Holding NV-NY Reg SHS. Their largest long position is ASML Holding NV-NY Reg SHS at 15% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
4
new positions
Added to
4
existing
Trimmed
3
reduced
Sold out
3
exited

Concentration

Top-heavy: focused book

Top 5 holdings
57%
Top 10 holdings
94%
Top 20 holdings
100%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

100% mapped to company sectors

Industrials
35%
Information Technology
32%
Health Care
17%
Financials
8%
Consumer Discretionary
7%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

11 positions
#SecurityValueShares% PortLast moveHistory
1ASML Hldg NV
N Y REGISTRY SHS
$185.3M140.3K
14.8%
−27%
Reduced · −52K sh
2Aercap Holdings NV
SHS
$154.1M1.12M
12.3%
−7.5%
Reduced · −92K sh
3Sunbelt Rentals Holdings Inc
SHS
$143.5M2.20M
11.4%
New
New position
4Applovin Corp
COM CL A
$126.1M317.0K
10.0%
New
New position
5Danaher Corp Del
COM
$110.0M580.2K
8.8%
−30%
Reduced · −247K sh
6Royalty Pharma PLC
SHS CLASS A
$109.2M2.28M
8.7%
+0.8%
Added · +17K sh
7S&P Global Inc
COM
$94.7M222.7K
7.5%
New
New position
8Live Nation Entertainment In
COM
$92.7M607.6K
7.4%
+0.8%
Added · +5K sh
9Meta Platforms Inc
CL A
$92.5M161.7K
7.4%
+0.8%
Added · +1K sh
10Uber Technologies Inc
COM
$78.4M1.09M
6.2%
New
New position
11Booking Holdings Inc
COM
$69.2M16.4K
5.5%
+0.8%
Added · +127 sh
Showing all 11 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202611$1.3B13F-HR
Q4 2025Dec 31, 2025Feb 17, 202610$1.2B13F-HR
Q3 2025Sep 30, 2025Nov 14, 20259$1.1B13F-HR
Q2 2025Jun 30, 2025Aug 14, 202510$1.1B13F-HR
Q1 2025Mar 31, 2025May 15, 202511$943.6M13F-HR
Q4 2024Dec 31, 2024Feb 14, 202511$970.0M13F-HR
Q3 2024Sep 30, 2024Nov 14, 202412$927.6M13F-HR
Q2 2024Jun 30, 2024Aug 14, 202411$839.4M13F-HR
Q1 2024Mar 31, 2024May 15, 202410$860.2M13F-HR
Q4 2023Dec 31, 2023Feb 14, 20249$778.0M13F-HR
Q3 2023Sep 30, 2023Nov 14, 202310$765.9M13F-HR
Q2 2023Jun 30, 2023Aug 14, 202310$755.2M13F-HR
Q1 2023Mar 31, 2023Jul 20, 20239$882.0M13F-HR/A
Q4 2022Dec 31, 2022Feb 14, 20239$687.9M13F-HR
Q3 2022Sep 30, 2022Jul 20, 202310$825.2M13F-HR/A
Q2 2022Jun 30, 2022Aug 15, 202210$801.1M13F-HR
Q1 2022Mar 31, 2022May 13, 202211$1.0B13F-HR
Q4 2021Dec 31, 2021Feb 14, 202210$1.2B13F-HR
Q3 2021Sep 30, 2021Nov 15, 20219$1.1B13F-HR
Q2 2021Jun 30, 2021Aug 16, 20219$1.3B13F-HR
Q1 2021Mar 31, 2021May 14, 20218$956.1M13F-HR
Q4 2020Dec 31, 2020Feb 16, 20219$764.4M13F-HR
Amended / restated
  • Q1 2023 · filed May 15, 202313F-HR · superseded
  • Q3 2022 · filed Nov 14, 202213F-HR · superseded

Manager

P
Pat Dorsey
Founder since 2015

Founder of Dorsey Asset Management. Former Director of Equity Research at Morningstar.

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.