Pat Dorsey
Portfolio value$1.6B
Positions11
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Dorsey Asset Management, LLC's Q2 2026 13F, filed Aug 14, 2026, reports 11 positions worth $1.6B. The ten largest are 94.5% of the book, led by ASML at 16.6%, AppLovin at 14.5% and Royalty Pharma Plc at 8.8%. Against Q1 2026: 0 bought, 8 added to, 3 reduced, 0 sold; the largest moves were reduced Sunbelt Rentals Holdings Inc (−48%) and added AppLovin (+39%).
Where the money is
ASMLAPPRPRXBKNGSPGIUBERLYVDHRMETAAER
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| ASML | Asml Hldg NV | 16.6% | $259.4M130,364 sh | 1,989.44 → −17% | no usable model value | reduced −7% |
| APP | Applovin Corp | 14.5% | $226.3M439,313 sh | 515.23 → −48% | 1% overvalued | added +39% |
| RPRX | Royalty Pharma PLC | 8.8% | $137.7M2.5M sh | 56.07 | — | added +8% |
| BKNG | Booking Holdings INC | 8.5% | $132.2M741,500 sh | 178.24 → −8% | 18% undervalued | added +80% |
| SPGI | S&p Global INC | 8.3% | $128.9M316,413 sh | 407.26 → +5% | 39% overvalued | added +42% |
| UBER | Uber Technologies INC | 8.1% | $127.1M1.8M sh | 72.16 → −3% | 12% overvalued | added +62% |
| LYV | Live Nation Entertainment In | 7.7% | $120.1M655,658 sh | 183.11 → −7% | 65% overvalued | added +8% |
| DHR | Danaher Corp Del | 7.6% | $119.3M626,211 sh | 190.48 → +20% | 59% overvalued | added +8% |
| META | Meta Platforms INC | 7.2% | $112.6M199,901 sh | 563.29 → +26% | 10% overvalued | added +24% |
| AER | Aercap Holdings NV | 7.2% | $111.8M766,828 sh | 145.78 | — | reduced −32% |
| SUNB | Sunbelt Rentals Holdings INC | 5.5% | $86.1M1.2M sh | 74.81 | — | reduced −48% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.