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DCM
Dorsal Capital Management Portfolio holdings
AUM
$2.57B
1-Year Est. Return
3.13%
This Fund
S&P 500
This Quarter
Est. Return
-7.88%
1 Year Est. Return
+3.13%
3 Year Est. Return
+78.29%
5 Year Est. Return
+64.48%
10 Year Est. Return
+752.88%
AUM
$2.88B
AUM Growth
-$869M
(-23%)
Cap. Flow
-$500M
Cap. Flow
% of AUM
-17.36%
Top 10 Holdings %
Top 10 Hldgs %
68.91%
Holding
27
New
3
Increased
9
Reduced
6
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Flutter Entertainment
FLUT
|
+$73.1M |
| 2 |
Twilio
TWLO
|
+$68.1M |
| 3 |
Microsoft
MSFT
|
+$47.6M |
| 4 |
Planet Fitness
PLNT
|
+$43.7M |
| 5 |
Zillow
Z
|
+$17.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Foods
USFD
|
+$193M |
| 2 |
Amazon
AMZN
|
+$187M |
| 3 |
Dynatrace
DT
|
+$96.9M |
| 4 |
Qorvo
QRVO
|
+$91.1M |
| 5 |
Burlington
BURL
|
+$88.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 42.09% |
| 2 | Technology | 36.33% |
| 3 | Communication Services | 20.47% |
| 4 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Planet Fitness
PLNT
$4.29B
| $298M | 10.37% |
2,750,000
+425,000
| +18% | +$43.7M |
|
2
TSMC
TSM
$2.07T
| $281M | 9.77% |
925,000
| – | – |
|
|
3
Microsoft
MSFT
$2.89T
| $261M | 9.08% |
540,000
+95,000
| +21% | +$47.6M |
|
|
4
Zillow
Z
$7.32B
| $200M | 6.94% |
2,925,000
+243,750
| +9% | +$17.7M |
|
5
Home Depot
HD
$335B
| $172M | 5.98% |
500,000
+25,000
| +5% | +$9.16M |
|
6
Coupang
CPNG
$28.6B
| $171M | 5.94% |
7,250,000
+250,000
| +4% | +$7.11M |
|
7
WIX.com
WIX
$2.36B
| $161M | 5.6% |
1,550,000
-25,000
| -2% | -$3.02M |
|
|
8
Flutter Entertainment
FLUT
$18.4B
| $156M | 5.42% |
725,000
+325,000
| +81% | +$73.1M |
|
9
Meta Platforms (Facebook)
META
$1.51T
| $145M | 5.05% |
220,000
-20,000
| -8% | -$13.4M |
|
|
10
Burlington
BURL
$22.5B
| $137M | 4.77% |
475,000
-325,000
| -41% | -$88.2M |
|
11
Sea Limited
SE
$63.9B
| $137M | 4.77% |
1,075,000
-550,000
| -34% | -$81.5M |
|
12
Autodesk
ADSK
$47.7B
| $118M | 4.12% |
400,000
-50,000
| -11% | -$15.1M |
|
13
SharkNinja
SN
$21.7B
| $112M | 3.89% |
1,000,000
+25,000
| +3% | +$2.46M |
|
14
Liberty Media Series C
FWONK
$24.6B
| $111M | 3.85% |
1,125,000
| – | – |
|
15
Nutanix
NTNX
$15.4B
| $82.7M | 2.87% |
1,600,000
+250,000
| +19% | +$15.3M |
|
|
16
Twilio
TWLO
$29.5B
| $78.2M | 2.72% |
+550,000
| New | +$68.1M |
|
17
Applovin
APP
$139B
| $67.4M | 2.34% |
100,000
+10,000
| +11% | +$6.3M |
|
18
Nexstar Media Group
NXST
$5.67B
| $66M | 2.29% |
325,000
-50,000
| -13% | -$9.76M |
|
19
monday.com
MNDY
$3.47B
| $62.7M | 2.18% |
425,000
| – | – |
|
20
Advance Auto Parts
AAP
$3.48B
| $27.5M | 0.96% |
700,000
| – | – |
|
21
CALL
Cal-Maine
CALM
$4.2B
| $23.9M | 0.83% |
+300,000
| New | +$26.3M |
|
|
22
PUT
Cal-Maine
CALM
$4.2B
| $7.96M | 0.28% |
+100,000
| New | +$8.78M |
|
|
23
Amazon
AMZN
$2.49T
| – | – |
-850,000
| Closed | -$187M |
|
|
24
Dynatrace
DT
$12.7B
| – | – |
-2,000,000
| Closed | -$96.9M |
|
25
PUT
Innodata
INOD
$1.94B
| – | – |
-600,000
| Closed | -$46.2M |
|
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Dorsal Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Dorsal Capital Management held 27 positions worth $2.88B, down 23% from $3.75B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Dorsal Capital Management withdrew a net $500M in Q4 2025, closing 5 positions and reducing 6 holdings. Its most notable exit was US Foods, an estimated $193M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 42% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Dorsal Capital Management opened a new position in Twilio worth $78.2M.
- Dorsal Capital Management's largest Q4 2025 buy was Twilio: 550,000 shares worth $78.2M.
- Dorsal Capital Management added most to Flutter Entertainment in Q4 2025, an estimated $73.1M increase.
- Dorsal Capital Management's biggest Q4 2025 reduction was Burlington, cutting an estimated $88.2M.
- Dorsal Capital Management fully exited US Foods in Q4 2025, selling an estimated $193M.
- Dorsal Capital Management's ten largest holdings make up 69% of its $2.88B portfolio in Q4 2025.
- Dorsal Capital Management opened 3 new positions and closed 5 in Q4 2025.
- Dorsal Capital Management's portfolio value fell 23% quarter-over-quarter to $2.88B.
Based on Dorsal Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.