We are live on ! Find out more
PD

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
-8.89%
1 Year Est. Return
+25.77%
3 Year Est. Return
+121.55%
5 Year Est. Return
+26.99%
10 Year Est. Return
–
AUM
$1.15B
AUM Growth
-$181M
Cap. Flow
-$51.6M
Cap. Flow %
-4.5%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
4
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
SEMR
Semrush
SEMR
+$58.8M
2
WIX icon
WIX.com
WIX
+$53.8M
3
DIS icon
Walt Disney
DIS
+$12.2M
4
PYPL icon
PayPal
PYPL
+$5.64M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$529K

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$44.8M
2
DESP
Despegar.com
DESP
+$43.9M
3
META icon
Meta Platforms (Facebook)
META
+$36.4M
4
SMAR
Smartsheet Inc.
SMAR
+$31.5M
5
UPWK icon
Upwork
UPWK
+$25.9M

Sector Composition

Rank Sector Weight
1 Communication Services 40.7%
2 Technology 36.3%
3 Financials 12.92%
4 Consumer Discretionary 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.4T
$195M 17.05%
575,491
-101,045
-15% -$36.4M
SMAR
2
DELISTED
Smartsheet Inc.
SMAR
$191M 16.66%
2,773,894
-428,304
-13% -$31.5M
WIX icon
3
WIX.com
WIX
$3.43B
$166M 14.5%
847,847
+217,032
+34% +$53.8M
PYPL icon
4
PayPal
PYPL
$52.7B
$148M 12.92%
568,745
+19,865
+4% +$5.64M
DIS icon
5
Walt Disney
DIS
$186B
$132M 11.48%
777,753
+68,182
+10% +$12.2M
EBAY icon
6
eBay
EBAY
$46.3B
$116M 10.09%
1,658,432
-625,044
-27% -$44.8M
UPWK icon
7
Upwork
UPWK
$1.08B
$72.9M 6.37%
1,619,966
-531,412
-25% -$25.9M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.18T
$66.4M 5.8%
498,180
+3,840
+0.8% +$529K
SEMR
9
DELISTED
Semrush
SEMR
$58.8M 5.13%
+2,550,725
New +$58.8M
DESP
10
DELISTED
Despegar.com
DESP
– –
-3,320,397
Closed -$43.9M

Similar funds

YIA
YHB Investment Advisors West Hartford, Connecticut $1.56B AUM 27.39% 1-Year Est. Return
EFG
Everhart Financial Group Dublin, Ohio $1.56B AUM 34.29% 1-Year Est. Return
MSFS
Main Street Financial Solutions Newtown, Pennsylvania $1.56B AUM 24.84% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.56B AUM 29.32% 1-Year Est. Return
PEGL
P/E Global LLC Boston, Massachusetts $1.56B AUM 17.86% 1-Year Est. Return
HRES
Heitman Real Estate Securities Chicago, Illinois $1.56B AUM 21.81% 1-Year Est. Return
HAM
HoldCo Asset Management Fort Lauderdale, Florida $1.56B AUM 45.42% 1-Year Est. Return
PTC
Philadelphia Trust Company Philadelphia, Pennsylvania $1.56B AUM 44.46% 1-Year Est. Return

Pat Dorsey's Q3 2021 Portfolio in Review

As of Q3 2021, Pat Dorsey held 10 positions worth $1.15B, down 14% from $1.33B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Pat Dorsey withdrew a net $51.6M in Q3 2021, closing 1 position and reducing 4 holdings. Its most notable exit was Despegar.com, an estimated $43.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 41% of assets, down from 41% a quarter earlier, followed by Technology and Financials.

Against the trend, Pat Dorsey opened a new position in Semrush worth $58.8M.

  • Pat Dorsey's largest Q3 2021 buy was Semrush: 2,550,725 shares worth $58.8M.
  • Pat Dorsey added most to WIX.com in Q3 2021, an estimated $53.8M increase.
  • Pat Dorsey's biggest Q3 2021 reduction was eBay, cutting an estimated $44.8M.
  • Pat Dorsey fully exited Despegar.com in Q3 2021, selling an estimated $43.9M.
  • Pat Dorsey's ten largest holdings make up 100% of its $1.15B portfolio in Q3 2021.
  • Pat Dorsey opened 1 new position and closed 1 in Q3 2021.
  • Pat Dorsey's portfolio value fell 14% quarter-over-quarter to $1.15B.

Based on Dorsey Asset Management's 13F filing for Q3 2021, filed 15 Nov 2021.