Pat Dorsey Dorsey Asset Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WIX.com
WIX
|
+$31.4M |
| 2 |
Meta Platforms (Facebook)
META
|
+$10.8M |
| 3 |
PayPal
PYPL
|
+$1.99M |
| 4 |
Workiva
WK
|
+$1.65M |
| 5 |
Cimpress
CMPR
|
+$1.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$7.27M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$6.26M |
| 3 |
Trade Desk
TTD
|
+$4.57M |
| 4 |
SiteOne Landscape Supply
SITE
|
+$2.46M |
| 5 |
ANSS
Ansys
ANSS
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.35% |
| 2 | Technology | 28.24% |
| 3 | Industrials | 13.06% |
| 4 | Consumer Staples | 10.13% |
| 5 | Financials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $79.3M | 18.58% |
482,132
+59,750
| +14% | +$10.8M |
|
|
2
Dollar General
DG
$27.2B
| $43.2M | 10.13% |
395,433
-69,942
| -15% | -$7.27M |
|
|
3
PayPal
PYPL
$52.7B
| $39.9M | 9.36% |
454,717
+22,612
| +5% | +$1.99M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $38.4M | 9% |
643,720
-104,500
| -14% | -$6.26M |
|
|
5
Trade Desk
TTD
$6.19B
| $37.4M | 8.77% |
2,481,540
-385,540
| -13% | -$4.57M |
|
|
6
WIX.com
WIX
$3.43B
| $35.2M | 8.24% |
+293,877
| New | +$31.4M |
|
7
Roper Technologies
ROP
$40.7B
| $29.8M | 6.98% |
100,607
-2,132
| -2% | -$629K |
|
|
8
Workiva
WK
$4.07B
| $29.7M | 6.95% |
751,481
+53,033
| +8% | +$1.65M |
|
|
9
SiteOne Landscape Supply
SITE
$4.19B
| $29.2M | 6.84% |
387,315
-28,063
| -7% | -$2.46M |
|
|
10
Cimpress
CMPR
$2.13B
| $26.6M | 6.22% |
194,346
+9,366
| +5% | +$1.35M |
|
|
ANSS
11
DELISTED
Ansys
ANSS
| $25.9M | 6.06% |
138,579
-12,125
| -8% | -$2.17M |
|
12
eBay
EBAY
$46.3B
| $12.2M | 2.86% |
370,106
+18,345
| +5% | +$636K |
|
Similar funds
Pat Dorsey's Q3 2018 Portfolio in Review
As of Q3 2018, Pat Dorsey held 12 positions worth $427M, up 13% from $379M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Pat Dorsey deployed $24.5M of net new capital in Q3 2018, opening 1 new position and adding to 5 existing holdings. Its largest new stake was WIX.com: 293,877 shares worth $35.2M.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, down from 40% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Dollar General, an estimated $7.27M trimmed.
- Pat Dorsey's largest Q3 2018 buy was WIX.com: 293,877 shares worth $35.2M.
- Pat Dorsey added most to Meta Platforms (Facebook) in Q3 2018, an estimated $10.8M increase.
- Pat Dorsey's biggest Q3 2018 reduction was Dollar General, cutting an estimated $7.27M.
- Pat Dorsey's ten largest holdings make up 91% of its $427M portfolio in Q3 2018.
- Pat Dorsey opened 1 new position and closed 0 in Q3 2018.
- Pat Dorsey's portfolio value rose 13% quarter-over-quarter to $427M.
Based on Dorsey Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.