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Pat Dorsey Dorsey Asset Management

AUM $1.56B
1-Year Est. Return 25.77%
 

Pat Dorsey is the founder of Dorsey Asset Management and formerly director of equity research at Morningstar, where he helped popularize moat-based analysis. His firm invests in businesses with durable competitive advantages and clear reinvestment opportunities. Dorsey’s frameworks for economic moats and capital allocation are widely used by individual and professional investors.

This Fund
S&P 500
This Quarter Est. Return
+12.18%
1 Year Est. Return
+25.77%
3 Year Est. Return
+121.55%
5 Year Est. Return
+26.99%
10 Year Est. Return
–
AUM
$231M
AUM Growth
+$17.5M
Cap. Flow
-$5.9M
Cap. Flow %
-2.56%
Top 10 Hldgs %
100%
Holding
11
New
1
Increased
1
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
CHGG icon
Chegg
CHGG
+$17.1M
2
WK icon
Workiva
WK
+$9.76M

Top Sells

Rank Stock Value
1
BN icon
Brookfield
BN
+$20.4M
2
YELP icon
Yelp
YELP
+$12.3M
3
META icon
Meta Platforms (Facebook)
META
+$12K
4
CMPR icon
Cimpress
CMPR
+$7.52K
5
ANSS
Ansys
ANSS
+$5.65K

Sector Composition

Rank Sector Weight
1 Communication Services 36.99%
2 Technology 34.61%
3 Consumer Staples 17.51%
4 Industrials 10.9%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.4T
$45.1M 19.57%
264,087
-72
-0% -$12K
CMPR icon
2
Cimpress
CMPR
$2.13B
$25.1M 10.9%
257,245
-81
-0% -$7.52K
WK icon
3
Workiva
WK
$4.07B
$23.7M 10.3%
1,138,749
+492,776
+76% +$9.76M
DG icon
4
Dollar General
DG
$27.2B
$22.6M 9.78%
278,325
-75
-0% -$5.62K
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.18T
$22.1M 9.59%
461,100
-120
-0% -$5.59K
ANSS
6
DELISTED
Ansys
ANSS
$19.1M 8.28%
155,606
-45
-0% -$5.65K
ROP icon
7
Roper Technologies
ROP
$40.7B
$19.1M 8.26%
78,287
-18
-0% -$4.23K
YELP icon
8
Yelp
YELP
$1.27B
$18.1M 7.83%
416,874
-319,126
-43% -$12.3M
DSGX icon
9
Descartes Systems
DSGX
$6.7B
$17.9M 7.77%
658,158
-182
-0% -$4.81K
CHGG icon
10
Chegg
CHGG
$90.8M
$17.8M 7.73%
+1,200,700
New +$17.1M
BN icon
11
Brookfield
BN
$93.1B
– –
-1,458,693
Closed -$20.4M

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Pat Dorsey's Q3 2017 Portfolio in Review

As of Q3 2017, Pat Dorsey held 11 positions worth $231M, up 8.2% from $213M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Pat Dorsey's Q3 2017 filing shows 1 new, 1 increased, 8 reduced and 1 closed positions. Its largest new stake was Chegg: 1,200,700 shares worth $17.8M. The largest sale was Brookfield, an estimated $20.4M.

By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Staples.

  • Pat Dorsey's largest Q3 2017 buy was Chegg: 1,200,700 shares worth $17.8M.
  • Pat Dorsey added most to Workiva in Q3 2017, an estimated $9.76M increase.
  • Pat Dorsey's biggest Q3 2017 reduction was Yelp, cutting an estimated $12.3M.
  • Pat Dorsey fully exited Brookfield in Q3 2017, selling an estimated $20.4M.
  • Pat Dorsey's ten largest holdings make up 100% of its $231M portfolio in Q3 2017.
  • Pat Dorsey opened 1 new position and closed 1 in Q3 2017.
  • Pat Dorsey's portfolio value rose 8.2% quarter-over-quarter to $231M.

Based on Dorsey Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.