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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
+12.69%
1 Year Est. Return
+25.77%
3 Year Est. Return
+121.55%
5 Year Est. Return
+26.99%
10 Year Est. Return
–
AUM
$447M
AUM Growth
+$49.3M
Cap. Flow
+$5.21M
Cap. Flow %
1.16%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
5
Reduced
4
Closed
–

Top Buys

Rank Stock Value
1
AVLR
Avalara, Inc.
AVLR
+$70.6M
2
DESP
Despegar.com
DESP
+$10.7M
3
META icon
Meta Platforms (Facebook)
META
+$618K
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$305K
5
EBAY icon
eBay
EBAY
+$222K

Top Sells

Rank Stock Value
1
WIX icon
WIX.com
WIX
+$28.1M
2
PYPL icon
PayPal
PYPL
+$21M
3
TTD icon
Trade Desk
TTD
+$17.3M
4
CMPR icon
Cimpress
CMPR
+$11M

Sector Composition

Rank Sector Weight
1 Technology 35.15%
2 Communication Services 33.82%
3 Consumer Discretionary 17.26%
4 Financials 8.04%
5 Industrials 5.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.4T
$94.8M 21.2%
491,351
+3,380
+0.7% +$618K
AVLR
2
DELISTED
Avalara, Inc.
AVLR
$78.9M 17.64%
+1,093,272
New +$70.6M
WIX icon
3
WIX.com
WIX
$3.43B
$59.8M 13.36%
420,761
-208,053
-33% -$28.1M
DESP
4
DELISTED
Despegar.com
DESP
$43.2M 9.65%
3,107,036
+783,270
+34% +$10.7M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.18T
$39.4M 8.81%
729,160
+5,280
+0.7% +$305K
PYPL icon
6
PayPal
PYPL
$52.7B
$36M 8.04%
314,249
-189,303
-38% -$21M
EBAY icon
7
eBay
EBAY
$46.3B
$34.1M 7.61%
862,208
+5,895
+0.7% +$222K
CMPR icon
8
Cimpress
CMPR
$2.13B
$25.6M 5.73%
281,853
-122,198
-30% -$11M
ANSS
9
DELISTED
Ansys
ANSS
$18.6M 4.15%
90,565
+638
+0.7% +$122K
TTD icon
10
Trade Desk
TTD
$6.19B
$17.1M 3.82%
749,570
-805,080
-52% -$17.3M

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Pat Dorsey's Q2 2019 Portfolio in Review

As of Q2 2019, Pat Dorsey held 10 positions worth $447M, up 12% from $398M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Pat Dorsey's Q2 2019 filing shows 1 new, 5 increased and 4 reduced positions. Its largest new stake was Avalara, Inc.: 1,093,272 shares worth $78.9M. The largest sale was WIX.com, an estimated $28.1M.

By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 23% a quarter earlier, followed by Communication Services and Consumer Discretionary.

  • Pat Dorsey's largest Q2 2019 buy was Avalara, Inc.: 1,093,272 shares worth $78.9M.
  • Pat Dorsey added most to Despegar.com in Q2 2019, an estimated $10.7M increase.
  • Pat Dorsey's biggest Q2 2019 reduction was WIX.com, cutting an estimated $28.1M.
  • Pat Dorsey's ten largest holdings make up 100% of its $447M portfolio in Q2 2019.
  • Pat Dorsey opened 1 new position and closed 0 in Q2 2019.
  • Pat Dorsey's portfolio value rose 12% quarter-over-quarter to $447M.

Based on Dorsey Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.