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
|
+$28.7M |
| 2 |
Meta Platforms (Facebook)
META
|
+$23.1M |
| 3 |
Trade Desk
TTD
|
+$11.2M |
| 4 |
Cimpress
CMPR
|
+$2.67M |
| 5 |
ANSS
Ansys
ANSS
|
+$2.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SiteOne Landscape Supply
SITE
|
+$29.2M |
| 2 |
Workiva
WK
|
+$18.1M |
| 3 |
Dollar General
DG
|
+$16.6M |
| 4 |
Roper Technologies
ROP
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.15% |
| 2 | Technology | 27.92% |
| 3 | Financials | 11.17% |
| 4 | Consumer Staples | 7.28% |
| 5 | Industrials | 6.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $84.1M | 23.38% |
641,674
+159,542
| +33% | +$23.1M |
|
|
2
WIX.com
WIX
$3.43B
| $54M | 15% |
597,595
+303,718
| +103% | +$28.7M |
|
3
PayPal
PYPL
$52.7B
| $40.2M | 11.17% |
477,944
+23,227
| +5% | +$1.93M |
|
|
4
Trade Desk
TTD
$6.19B
| $39.2M | 10.89% |
3,376,460
+894,920
| +36% | +$11.2M |
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $35.6M | 9.89% |
686,960
+43,240
| +7% | +$2.31M |
|
|
6
Dollar General
DG
$27.2B
| $26.2M | 7.28% |
242,459
-152,974
| -39% | -$16.6M |
|
|
7
Cimpress
CMPR
$2.13B
| $22.5M | 6.25% |
217,373
+23,027
| +12% | +$2.67M |
|
|
ANSS
8
DELISTED
Ansys
ANSS
| $22.2M | 6.16% |
155,006
+16,427
| +12% | +$2.55M |
|
|
9
Roper Technologies
ROP
$40.7B
| $15.8M | 4.39% |
59,212
-41,395
| -41% | -$11.7M |
|
10
eBay
EBAY
$46.3B
| $11.6M | 3.23% |
413,971
+43,865
| +12% | +$1.29M |
|
|
11
Workiva
WK
$4.07B
| $8.52M | 2.37% |
237,389
-514,092
| -68% | -$18.1M |
|
|
12
SiteOne Landscape Supply
SITE
$4.19B
| – | – |
-387,315
| Closed | -$29.2M |
|
Similar funds
Pat Dorsey's Q4 2018 Portfolio in Review
As of Q4 2018, Pat Dorsey held 12 positions worth $360M, down 16% from $427M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Pat Dorsey's Q4 2018 filing shows 8 increased, 3 reduced and 1 closed positions. The largest sale was SiteOne Landscape Supply, an estimated $29.2M.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 36% a quarter earlier, followed by Technology and Financials.
- Pat Dorsey added most to WIX.com in Q4 2018, an estimated $28.7M increase.
- Pat Dorsey's biggest Q4 2018 reduction was Workiva, cutting an estimated $18.1M.
- Pat Dorsey fully exited SiteOne Landscape Supply in Q4 2018, selling an estimated $29.2M.
- Pat Dorsey's ten largest holdings make up 98% of its $360M portfolio in Q4 2018.
- Pat Dorsey opened 0 new positions and closed 1 in Q4 2018.
- Pat Dorsey's portfolio value fell 16% quarter-over-quarter to $360M.
Based on Dorsey Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.