Dorsal Capital Management, LP In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Dorsal Capital Management, LP reported 23 stock positions worth $3.7 billion . Its top holding was Sea Ltd.-ADR (SE) at 7.8% of the portfolio, followed by Wix.com (WIX, 7.6% ) and Taiwan Semiconductor-SP ADR (TSM, 7.0% ). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 10 and reduced 11. The biggest buy was Wix.com (WIX, shares +50% ) and the biggest sale Amazon.com (AMZN, shares −28% ).
Location Redwood City, CA
CIK 0001547007
Portfolio Value $3.7B (Q3 2025) Holdings 23 stocks · $3.7B 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 Q2 2025 SE Sea Ltd.-ADR 1,625,000 $290.4M Reduce -12.2% WIX Wix.com Ltd. 1,575,000 $279.8M Add +50.0% TSM Taiwan Semiconductor-SP ADR 925,000 $258.3M Reduce -13.9% PLNT Planet Fitness Inc. Class A 2,325,000 $241.3M Reduce -6.1% MSFT Microsoft Corp. 445,000 $230.5M Reduce -11.0% CPNG Coupang Inc. 7,000,000 $225.4M Reduce -4.1% Z Zillow Group Inc. Class C 2,681,250 $206.6M Add +9.4% BURL Burlington Stores Inc. 800,000 $203.6M Add +6.7% USFD US Foods Holding Corp. 2,525,000 $193.5M Reduce -8.2% HD Home Depot Inc. 475,000 $192.5M Reduce -9.5% AMZN Amazon.com Inc. 850,000 $186.6M Reduce -27.7% META Meta Platforms Inc. Class A 240,000 $176.3M Add +4.3% ADSK Autodesk Inc. 450,000 $143.0M Add +5.9% FWONK Liberty Media Corp. Class C 1,125,000 $117.5M Add +2.3% FLUT Flutter Entertainment PLC-Di 400,000 $101.6M Reduce -23.8% SN Sharkninja Inc. 975,000 $100.6M Add +14.7% NTNX Nutanix Inc. Class A 1,350,000 $100.4M Add +50.0% DT Dynatrace Inc. 2,000,000 $96.9M Reduce -7.0% QRVO Qorvo Inc. 1,000,000 $91.1M Add +146.9% MNDY Monday.com Ltd. 425,000 $82.3M Add +13.3% NXST Nexstar Media Group Inc. 375,000 $74.2M New APP AppLovin Corp. Class A 90,000 $64.7M Reduce -10.0% AAP Advance Auto Parts Inc. 700,000 $43.0M No change
Options reported separately and not counted above: INOD puts ($46.2M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ AMZN Amazon.com Inc. Reduce -27.7% 5.04% −2.29 FLUT Flutter Entertainment PLC-Di Reduce -23.8% 2.75% −1.52 PLNT Planet Fitness Inc. Class A Reduce -6.1% 6.52% −1.16 MSFT Microsoft Corp. Reduce -11.0% 6.23% −0.85 USFD US Foods Holding Corp. Reduce -8.2% 5.23% −0.80 DT Dynatrace Inc. Reduce -7.0% 2.62% −0.76 SE Sea Ltd.-ADR Reduce -12.2% 7.85% −0.57 HD Home Depot Inc. Reduce -9.5% 5.20% −0.28 CPNG Coupang Inc. Reduce -4.1% 6.09% −0.13 HNGE Hinge Health Inc. Class A Sold out 0.00% −0.10 TSM Taiwan Semiconductor-SP ADR Reduce -13.9% 6.98% +0.05 APP AppLovin Corp. Class A Reduce -10.0% 1.75% +0.75
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ WIX Wix.com Ltd. Add +50.0% 7.56% +2.82 NXST Nexstar Media Group Inc. New 2.00% +2.00 QRVO Qorvo Inc. Add +146.9% 2.46% +1.48 NTNX Nutanix Inc. Class A Add +50.0% 2.71% +0.76 Z Zillow Group Inc. Class C Add +9.4% 5.58% +0.70 BURL Burlington Stores Inc. Add +6.7% 5.50% +0.54 SN Sharkninja Inc. Add +14.7% 2.72% +0.32 ADSK Autodesk Inc. Add +5.9% 3.86% +0.12 META Meta Platforms Inc. Class A Add +4.3% 4.76% −0.07 FWONK Liberty Media Corp. Class C Add +2.3% 3.18% −0.10 MNDY Monday.com Ltd. Add +13.3% 2.22% −1.13
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SE Sea Ltd.-ADR call Sold out 1,000,000 $159.9Mbefore exit PLTR Palantir Technologies Inc. Class A put Sold out 400,000 $54.5Mbefore exit INOD Innodata Inc. put New 600,000 $46.2M UBER Uber Technologies Inc. put Sold out 250,000 $23.3Mbefore exit
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