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 |
Roku
ROKU
|
+$99.4M |
| 2 |
Meta Platforms (Facebook)
META
|
+$44.5M |
| 3 |
PayPal
PYPL
|
+$22.3M |
| 4 |
POSH
Poshmark, Inc. Class A Common Stock
POSH
|
+$12.8M |
| 5 |
SEMR
Semrush
SEMR
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$3.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 43.95% |
| 2 | Technology | 35.58% |
| 3 | Consumer Discretionary | 12.24% |
| 4 | Financials | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $168M | 16.19% |
755,957
+177,972
| +31% | +$44.5M |
|
|
SMAR
2
DELISTED
Smartsheet Inc.
SMAR
| $165M | 15.87% |
3,009,153
+203,696
| +7% | +$11.6M |
|
3
WIX.com
WIX
$3.43B
| $164M | 15.75% |
1,566,047
+80,849
| +5% | +$8.82M |
|
4
Walt Disney
DIS
$186B
| $101M | 9.77% |
739,610
+54,349
| +8% | +$7.86M |
|
|
5
PayPal
PYPL
$52.7B
| $85.5M | 8.23% |
738,996
+167,787
| +29% | +$22.3M |
|
|
6
Roku
ROKU
$23.4B
| $84.8M | 8.17% |
+677,215
| New | +$99.4M |
|
7
eBay
EBAY
$46.3B
| $74M | 7.13% |
1,292,392
+94,968
| +8% | +$5.53M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.18T
| $65.9M | 6.34% |
471,640
-28,720
| -6% | -$3.9M |
|
|
POSH
9
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
| $53.1M | 5.11% |
4,193,327
+886,766
| +27% | +$12.8M |
|
|
SEMR
10
DELISTED
Semrush
SEMR
| $41.1M | 3.96% |
3,445,361
+828,523
| +32% | +$12.5M |
|
11
Upwork
UPWK
$1.08B
| $36.2M | 3.49% |
1,558,109
+114,491
| +8% | +$2.87M |
|
Similar funds
Pat Dorsey's Q1 2022 Portfolio in Review
As of Q1 2022, Pat Dorsey held 11 positions worth $1.04B, down 11% from $1.17B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Pat Dorsey deployed $224M of net new capital in Q1 2022, opening 1 new position and adding to 9 existing holdings. Its largest new stake was Roku: 677,215 shares worth $84.8M.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 36% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $3.9M trimmed.
- Pat Dorsey's largest Q1 2022 buy was Roku: 677,215 shares worth $84.8M.
- Pat Dorsey added most to Meta Platforms (Facebook) in Q1 2022, an estimated $44.5M increase.
- Pat Dorsey's biggest Q1 2022 reduction was Alphabet (Google) Class C, cutting an estimated $3.9M.
- Pat Dorsey's ten largest holdings make up 97% of its $1.04B portfolio in Q1 2022.
- Pat Dorsey opened 1 new position and closed 0 in Q1 2022.
- Pat Dorsey's portfolio value fell 11% quarter-over-quarter to $1.04B.
Based on Dorsey Asset Management's 13F filing for Q1 2022, filed 13 May 2022.