Dorsal Capital Management, LP In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Dorsal Capital Management, LP reported 25 stock positions worth $2.5 billion . Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.7% of the portfolio, followed by Amazon.com (AMZN, 7.9% ) and Planet Fitness Class A (PLNT, 7.5% ). Compared with Q4 2025, it opened 7 new positions, sold out of 2, added to 5 and reduced 10. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Flutter Entertainment PLC-Di (FLUT).
Location Redwood City, CA
CIK 0001547007
Portfolio Value $2.5B (Q1 2026) Holdings 25 stocks · $2.5B 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 2025 TSM Taiwan Semiconductor-SP ADR 725,000 $245.0M Reduce -21.6% AMZN Amazon.com Inc. 950,001 $197.9M New PLNT Planet Fitness Inc. Class A 2,525,000 $187.8M Reduce -8.2% FWONK Liberty Media Corp. Class C 2,025,000 $172.2M Add +80.0% HD Home Depot Inc. 500,000 $164.4M No change BURL Burlington Stores Inc. 500,000 $162.7M Add +5.3% CPNG Coupang Inc. 7,900,000 $149.2M Add +9.0% META Meta Platforms Inc. Class A 210,000 $120.1M Reduce -4.5% MSFT Microsoft Corp. 315,000 $116.6M Reduce -41.7% SE Sea Ltd.-ADR 1,325,000 $109.7M Add +23.3% SN Sharkninja Inc. 1,000,000 $105.9M No change SPOT Spotify Technology SA 210,000 $101.8M New Z Zillow Group Inc. Class C 2,450,000 $101.4M Reduce -16.2% TWLO Twilio Inc. Class A 700,000 $88.1M Add +27.3% ADSK Autodesk Inc. 350,000 $83.8M Reduce -12.5% SMTC Semtech Corp. 800,000 $61.5M New FROG Jfrog Ltd. 1,150,000 $54.0M New NTNX Nutanix Inc. Class A 1,300,000 $49.4M Reduce -18.8% NXST Nexstar Media Group Inc. 250,000 $45.2M Reduce -23.1% ECHO Echostar Corp. Class A 350,000 $41.0M New VFC VF Corp. 2,400,000 $40.8M New AAP Advance Auto Parts Inc. 700,000 $36.9M No change WIX Wix.com Ltd. 350,000 $31.5M Reduce -77.4% APP AppLovin Corp. Class A 75,000 $29.9M Reduce -25.0% SPY SS SPDR S&P 500 ETF Trust-US 28,370 $18.5M New
Options reported separately and not counted above: MRVL calls ($49.5M), CALM puts ($7.9M).
Portfolio Sells Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▲ FLUT Flutter Entertainment PLC-Di Sold out 0.00% −5.48 MSFT Microsoft Corp. Reduce -41.7% 4.64% −4.54 WIX Wix.com Ltd. Reduce -77.4% 1.25% −4.41 PLNT Planet Fitness Inc. Class A Reduce -8.2% 7.47% −3.02 Z Zillow Group Inc. Class C Reduce -16.2% 4.03% −2.98 MNDY Monday.com Ltd. Sold out 0.00% −2.20 APP AppLovin Corp. Class A Reduce -25.0% 1.19% −1.18 NTNX Nutanix Inc. Class A Reduce -18.8% 1.96% −0.94 ADSK Autodesk Inc. Reduce -12.5% 3.33% −0.83 NXST Nexstar Media Group Inc. Reduce -23.1% 1.80% −0.52 META Meta Platforms Inc. Class A Reduce -4.5% 4.78% −0.33 TSM Taiwan Semiconductor-SP ADR Reduce -21.6% 9.74% −0.14
Portfolio Buys Q4 2025 → Q1 2026 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 2025 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. New 7.87% +7.87 SPOT Spotify Technology SA New 4.05% +4.05 FWONK Liberty Media Corp. Class C Add +80.0% 6.84% +2.95 SMTC Semtech Corp. New 2.45% +2.45 FROG Jfrog Ltd. New 2.15% +2.15 BURL Burlington Stores Inc. Add +5.3% 6.47% +1.65 ECHO Echostar Corp. Class A New 1.63% +1.63 VFC VF Corp. New 1.62% +1.62 TWLO Twilio Inc. Class A Add +27.3% 3.50% +0.75 SPY SS SPDR S&P 500 ETF Trust-US New 0.73% +0.73 CPNG Coupang Inc. Add +9.0% 5.93% −0.08 SE Sea Ltd.-ADR Add +23.3% 4.36% −0.46
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ MRVL Marvell Technology Inc. call New 500,000 $49.5M CALM Cal-Maine Foods Inc. call Sold out 300,000 $23.9Mbefore 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