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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
-0.3%
1 Year Est. Return
+25.77%
3 Year Est. Return
+121.55%
5 Year Est. Return
+26.99%
10 Year Est. Return
–
AUM
$839M
AUM Growth
-$20.8M
Cap. Flow
-$32.2M
Cap. Flow %
-3.83%
Top 10 Hldgs %
96.51%
Holding
11
New
1
Increased
1
Reduced
9
Closed
–

Top Buys

Rank Stock Value
1
SPT icon
Sprout Social
SPT
+$69.5M
2
AZO icon
AutoZone
AZO
+$20.7M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$64.8M
2
WIX icon
WIX.com
WIX
+$26.5M
3
META icon
Meta Platforms (Facebook)
META
+$23.1M
4
SEMR
Semrush
SEMR
+$3.41M
5
SMAR
Smartsheet Inc.
SMAR
+$1.27M

Sector Composition

Rank Sector Weight
1 Technology 36.86%
2 Communication Services 28.06%
3 Consumer Discretionary 10.72%
4 Healthcare 9.12%
5 Financials 8.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.4T
$121M 14.4%
239,724
-47,502
-17% -$23.1M
SMAR
2
DELISTED
Smartsheet Inc.
SMAR
$109M 13.03%
2,480,389
-31,939
-1% -$1.27M
WIX icon
3
WIX.com
WIX
$3.43B
$90.8M 10.82%
570,859
-184,581
-24% -$26.5M
AZO icon
4
AutoZone
AZO
$48.3B
$90M 10.72%
30,351
+7,069
+30% +$20.7M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.18T
$85.3M 10.17%
465,268
-381,029
-45% -$64.8M
DHR icon
6
Danaher
DHR
$154B
$76.6M 9.12%
306,420
-3,944
-1% -$996K
PYPL icon
7
PayPal
PYPL
$52.7B
$69.5M 8.28%
1,197,048
-15,414
-1% -$980K
SPT icon
8
Sprout Social
SPT
$607M
$61.6M 7.34%
+1,725,977
New +$69.5M
HRI icon
9
Herc Holdings
HRI
$5.41B
$58.5M 6.97%
439,118
-5,651
-1% -$835K
SEMR
10
DELISTED
Semrush
SEMR
$47.7M 5.68%
3,558,820
-246,301
-6% -$3.41M
UPWK icon
11
Upwork
UPWK
$1.08B
$29.3M 3.49%
2,725,293
-35,094
-1% -$398K

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Pat Dorsey's Q2 2024 Portfolio in Review

As of Q2 2024, Pat Dorsey held 11 positions worth $839M, down 2.4% from $860M the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Pat Dorsey withdrew a net $32.2M in Q2 2024, reducing 9 holdings. Its largest reduction was Alphabet (Google) Class C, cutting an estimated $64.8M.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 29% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Pat Dorsey opened a new position in Sprout Social worth $61.6M.

  • Pat Dorsey's largest Q2 2024 buy was Sprout Social: 1,725,977 shares worth $61.6M.
  • Pat Dorsey added most to AutoZone in Q2 2024, an estimated $20.7M increase.
  • Pat Dorsey's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $64.8M.
  • Pat Dorsey's ten largest holdings make up 97% of its $839M portfolio in Q2 2024.
  • Pat Dorsey opened 1 new position and closed 0 in Q2 2024.
  • Pat Dorsey's portfolio value fell 2.4% quarter-over-quarter to $839M.

Based on Dorsey Asset Management's 13F filing for Q2 2024, filed 14 Aug 2024.