Dorsey Asset Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Pat Dorsey's Dorsey Asset Management reported 10 stock positions worth $1.1 billion. Its top holding was Danaher (DHR) at 16.4% of the portfolio, followed by Meta Platforms Class A (META, 16.2%) and Aercap (AER, 14.3%). Compared with Q1 2025, it opened 1 new position, sold out of 2, added to 6 and reduced 3. The biggest buy was a new position in Enovis (ENOV) and the biggest sale an exit from PayPal (PYPL).
- Most Recent 13F
- Q2 2026
- Notable People
- Pat Dorsey
- Location
- CHICAGO, IL
- CIK
- 0001671657
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001398344-25-015394 ↗ filed Aug 14, 2025
Holdings Value
Holdings 10 stocks · $1.1B
| DHR Danaher Corp. | 16.42% | 926,992 | $183.1M | Add +34.1% |
| META Meta Platforms Inc. Class A | 16.22% | 245,108 | $180.9M | Reduce -0.8% |
| AER Aercap Holdings NV | 14.28% | 1,361,118 | $159.3M | Add +19.6% |
| AZO AutoZone Inc. | 11.87% | 35,667 | $132.4M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 10.53% | 661,990 | $117.4M | Add +3.6% |
| ASML ASML Holding NV-NY Reg SHS | 10.06% | 139,989 | $112.2M | Add +98.4% |
| BKNG Booking Holdings Inc. | 9.49% | 18,290 | $105.9M | Add +14.5% |
| ENOV Enovis Corp. | 7.18% | 2,553,180 | $80.1M | New |
| WIX Wix.com Ltd. | 2.09% | 146,777 | $23.3M | Reduce -54.0% |
| SEMR Semrush Holdings Inc. Class A | 1.85% | 2,284,578 | $20.7M | Add +1.2% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| ENOV Enovis Corp. | New | 7.18% | +7.18 |
| ASML ASML Holding NV-NY Reg SHS | Add +98.4% | 10.06% | +5.10 |
| AER Aercap Holdings NV | Add +19.6% | 14.28% | +1.95 |
| BKNG Booking Holdings Inc. | Add +14.5% | 9.49% | +1.70 |
| DHR Danaher Corp. | Add +34.1% | 16.42% | +1.40 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 10.53% | −0.05 |
| SEMR Semrush Holdings Inc. Class A | Add +1.2% | 1.85% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $1.6B | ASML, APP, RPRX, BKNG, SPGI |
| Q1 2026 | 11 | $1.3B | ASML, AER, SUNB, APP, DHR |
| Q4 2025 | 10 | $1.2B | ASML, DHR, AER, META, BKNG |
| Q3 2025 | 9 | $1.1B | DHR, ASML, AER, META, AZO |
| Q2 2025 | 10 | $1.1B | DHR, META, AER, AZO, GOOG |
| Q1 2025 | 11 | $943.6M | AZO, META, DHR, AER, GOOG |
| Q4 2024 | 11 | $970.0M | WIX, META, GOOG, AZO, PYPL |
| Q3 2024 | 12 | $927.6M | META, AZO, WIX, APP, PYPL |
| Q2 2024 | 11 | $839.4M | META, SMAR, WIX, AZO, GOOG |
| Q1 2024 | 10 | $860.2M | META, GOOG, WIX, SMAR, PYPL |