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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
+10.17%
1 Year Est. Return
+25.77%
3 Year Est. Return
+121.55%
5 Year Est. Return
+26.99%
10 Year Est. Return
–
AUM
$860M
AUM Growth
+$82.2M
Cap. Flow
+$17.1M
Cap. Flow %
1.98%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
1
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
AZO icon
AutoZone
AZO
+$66.5M
2
SEMR
Semrush
SEMR
+$12.6M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$44.1M
2
HRI icon
Herc Holdings
HRI
+$11M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.64M
4
SMAR
Smartsheet Inc.
SMAR
+$1.47M
5
WIX icon
WIX.com
WIX
+$1.33M

Sector Composition

Rank Sector Weight
1 Communication Services 35.13%
2 Technology 29.18%
3 Financials 9.44%
4 Healthcare 9.01%
5 Industrials 8.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.4T
$139M 16.21%
287,226
-98,907
-26% -$44.1M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.18T
$129M 14.98%
846,297
-11,350
-1% -$1.64M
WIX icon
3
WIX.com
WIX
$3.43B
$104M 12.07%
755,440
-10,145
-1% -$1.33M
SMAR
4
DELISTED
Smartsheet Inc.
SMAR
$96.7M 11.24%
2,512,328
-33,704
-1% -$1.47M
PYPL icon
5
PayPal
PYPL
$52.7B
$81.2M 9.44%
1,212,462
-16,258
-1% -$998K
DHR icon
6
Danaher
DHR
$154B
$77.5M 9.01%
310,364
-4,152
-1% -$1.01M
HRI icon
7
Herc Holdings
HRI
$5.41B
$74.9M 8.7%
444,769
-72,125
-14% -$11M
AZO icon
8
AutoZone
AZO
$48.3B
$73.4M 8.53%
+23,282
New +$66.5M
SEMR
9
DELISTED
Semrush
SEMR
$50.5M 5.87%
3,805,121
+1,045,082
+38% +$12.6M
UPWK icon
10
Upwork
UPWK
$1.08B
$33.8M 3.93%
2,760,387
-37,059
-1% -$504K

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Pat Dorsey's Q1 2024 Portfolio in Review

As of Q1 2024, Pat Dorsey held 10 positions worth $860M, up 11% from $778M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Pat Dorsey's Q1 2024 filing shows 1 new, 1 increased and 8 reduced positions. Its largest new stake was AutoZone: 23,282 shares worth $73.4M. The largest sale was Meta Platforms (Facebook), an estimated $44.1M.

By sector, the portfolio is most concentrated in Communication Services at 35% of assets, down from 38% a quarter earlier, followed by Technology and Financials.

  • Pat Dorsey's largest Q1 2024 buy was AutoZone: 23,282 shares worth $73.4M.
  • Pat Dorsey added most to Semrush in Q1 2024, an estimated $12.6M increase.
  • Pat Dorsey's biggest Q1 2024 reduction was Meta Platforms (Facebook), cutting an estimated $44.1M.
  • Pat Dorsey's ten largest holdings make up 100% of its $860M portfolio in Q1 2024.
  • Pat Dorsey opened 1 new position and closed 0 in Q1 2024.
  • Pat Dorsey's portfolio value rose 11% quarter-over-quarter to $860M.

Based on Dorsey Asset Management's 13F filing for Q1 2024, filed 15 May 2024.