Dorsal Capital Management, LP In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Dorsal Capital Management, LP reported 23 stock positions worth $3.1 billion . Its top holding was Amazon.com (AMZN) at 9.8% of the portfolio, followed by Wix.com (WIX, 7.6% ) and Planet Fitness Class A (PLNT, 7.2% ). Compared with Q4 2024, it opened 4 new positions, sold out of 3, added to 10 and reduced 8. The biggest buy was a new position in Monday.com (MNDY) and the biggest sale an exit from HubSpot (HUBS).
Location Redwood City, CA
CIK 0001547007
Portfolio Value $3.1B (Q1 2025) Holdings 23 stocks · $3.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 AMZN Amazon.com Inc. 1,600,000 $304.4M Reduce -9.9% WIX Wix.com Ltd. 1,450,000 $236.9M Add +1.8% PLNT Planet Fitness Inc. Class A 2,300,000 $222.2M Add +15.0% Z Zillow Group Inc. Class C 3,050,000 $209.1M Reduce -9.0% SE Sea Ltd.-ADR 1,500,000 $195.7M Add +5.3% USFD US Foods Holding Corp. 2,875,000 $188.2M Reduce -17.9% BURL Burlington Stores Inc. 700,000 $166.8M Add +35.9% TSM Taiwan Semiconductor-SP ADR 1,000,000 $166.0M Add +122.2% MSFT Microsoft Corp. 435,000 $163.3M Reduce -12.1% META Meta Platforms Inc. Class A 275,000 $158.5M Reduce -3.5% CPNG Coupang Inc. 7,000,000 $153.5M Reduce -3.5% HD Home Depot Inc. 400,000 $146.6M Add +23.1% ADSK Autodesk Inc. 425,000 $111.3M Add +41.7% DT Dynatrace Inc. 2,150,000 $101.4M Reduce -4.4% FLUT Flutter Entertainment PLC-Di 450,000 $99.7M Reduce -14.3% FWONK Liberty Media Corp. Class C 1,100,000 $99.0M No change MNDY Monday.com Ltd. 375,000 $91.2M New AVGO Broadcom Inc. 455,000 $76.2M Add +13.8% SN Sharkninja Inc. 850,000 $70.9M Add +416.7% NTNX Nutanix Inc. Class A 900,000 $62.8M New APP AppLovin Corp. Class A 180,000 $47.7M New AAP Advance Auto Parts Inc. 600,000 $23.5M Add +2.6% AUR Aurora Innovation Inc. 500,000 $3.4M New
Options reported separately and not counted above: SE calls ($130.5M), PLTR puts ($42.2M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ HUBS HubSpot Inc. Sold out 0.00% −3.36 QSR Restaurant Brands Intern Sold out 0.00% −3.33 APH Amphenol Corp. Class A Sold out 0.00% −2.72 AMZN Amazon.com Inc. Reduce -9.9% 9.83% −1.89 USFD US Foods Holding Corp. Reduce -17.9% 6.07% −1.03 MSFT Microsoft Corp. Reduce -12.1% 5.27% −1.01 FLUT Flutter Entertainment PLC-Di Reduce -14.3% 3.22% −0.87 Z Zillow Group Inc. Class C Reduce -9.0% 6.75% −0.72 DT Dynatrace Inc. Reduce -4.4% 3.27% −0.41 META Meta Platforms Inc. Class A Reduce -3.5% 5.12% +0.09 CPNG Coupang Inc. Reduce -3.5% 4.95% +0.16
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ MNDY Monday.com Ltd. New 2.94% +2.94 TSM Taiwan Semiconductor-SP ADR Add +122.2% 5.36% +2.68 NTNX Nutanix Inc. Class A New 2.03% +2.03 SN Sharkninja Inc. Add +416.7% 2.29% +1.81 SE Sea Ltd.-ADR Add +5.3% 6.32% +1.77 APP AppLovin Corp. Class A New 1.54% +1.54 PLNT Planet Fitness Inc. Class A Add +15.0% 7.17% +1.22 BURL Burlington Stores Inc. Add +35.9% 5.38% +0.97 HD Home Depot Inc. Add +23.1% 4.73% +0.93 ADSK Autodesk Inc. Add +41.7% 3.59% +0.92 AUR Aurora Innovation Inc. New 0.11% +0.11 AAP Advance Auto Parts Inc. Add +2.6% 0.76% −0.07 AVGO Broadcom Inc. Add +13.8% 2.46% −0.33 WIX Wix.com Ltd. Add +1.8% 7.65% −1.55
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 750,000 $383.4Mbefore exit AAPL Apple Inc. put Sold out 1,500,000 $375.6Mbefore exit SE Sea Ltd.-ADR call Add +42.9% 1,000,000 $130.5M PLTR Palantir Technologies Inc. Class A put Reduce -50.0% 500,000 $42.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 22 $2.8B AMZN, TSM, FWONK, HD, LRCX Q1 2026 25 $2.5B TSM, AMZN, PLNT, FWONK, HD Q4 2025 20 $2.8B PLNT, TSM, MSFT, Z, HD Q3 2025 23 $3.7B SE, WIX, TSM, PLNT, MSFT Q2 2025 23 $3.5B SE, PLNT, AMZN, MSFT, TSM Q1 2025 23 $3.1B AMZN, WIX, PLNT, Z, SE Q4 2024 22 $3.3B AMZN, WIX, Z, USFD, MSFT Q3 2024 19 $3.1B AMZN, USFD, PLNT, WIX, META Q2 2024 21 $2.9B AMZN, USFD, MSFT, PLNT, WIX Q1 2024 24 $3.0B AMZN, MSFT, META, USFD, CRM