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 |
Applovin
APP
|
+$63.8M |
| 2 |
Sprout Social
SPT
|
+$8.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SMAR
Smartsheet Inc.
SMAR
|
+$47.8M |
| 2 |
SEMR
Semrush
SEMR
|
+$20.2M |
| 3 |
Meta Platforms (Facebook)
META
|
+$3.63M |
| 4 |
AutoZone
AZO
|
+$2.74M |
| 5 |
WIX.com
WIX
|
+$2.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.31% |
| 2 | Technology | 28.67% |
| 3 | Consumer Discretionary | 10% |
| 4 | Financials | 9.78% |
| 5 | Healthcare | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $133M | 14.36% |
232,669
-7,055
| -3% | -$3.63M |
|
|
2
AutoZone
AZO
$48.3B
| $92.8M | 10% |
29,458
-893
| -3% | -$2.74M |
|
|
3
WIX.com
WIX
$3.43B
| $92.6M | 9.98% |
553,894
-16,965
| -3% | -$2.73M |
|
|
4
Applovin
APP
$102B
| $91.2M | 9.83% |
+698,796
| New | +$63.8M |
|
5
PayPal
PYPL
$52.7B
| $90.7M | 9.78% |
1,162,523
-34,525
| -3% | -$2.31M |
|
6
Danaher
DHR
$154B
| $82.7M | 8.92% |
297,492
-8,928
| -3% | -$2.36M |
|
|
SMAR
7
DELISTED
Smartsheet Inc.
SMAR
| $82.7M | 8.91% |
1,493,286
-987,103
| -40% | -$47.8M |
|
8
Alphabet (Google) Class C
GOOG
$4.18T
| $75.5M | 8.14% |
451,618
-13,650
| -3% | -$2.31M |
|
9
Herc Holdings
HRI
$5.41B
| $67.9M | 7.32% |
426,060
-13,058
| -3% | -$1.85M |
|
|
10
Sprout Social
SPT
$607M
| $57.4M | 6.19% |
1,975,994
+250,017
| +14% | +$8.14M |
|
|
SEMR
11
DELISTED
Semrush
SEMR
| $33.2M | 3.58% |
2,113,947
-1,444,873
| -41% | -$20.2M |
|
12
Upwork
UPWK
$1.08B
| $27.7M | 2.98% |
2,647,145
-78,148
| -3% | -$815K |
|
Similar funds
Pat Dorsey's Q3 2024 Portfolio in Review
As of Q3 2024, Pat Dorsey held 12 positions worth $928M, up 11% from $839M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Pat Dorsey's Q3 2024 filing shows 1 new, 1 increased and 10 reduced positions. Its largest new stake was Applovin: 698,796 shares worth $91.2M. The largest sale was Smartsheet Inc., an estimated $47.8M.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
- Pat Dorsey's largest Q3 2024 buy was Applovin: 698,796 shares worth $91.2M.
- Pat Dorsey added most to Sprout Social in Q3 2024, an estimated $8.14M increase.
- Pat Dorsey's biggest Q3 2024 reduction was Smartsheet Inc., cutting an estimated $47.8M.
- Pat Dorsey's ten largest holdings make up 93% of its $928M portfolio in Q3 2024.
- Pat Dorsey opened 1 new position and closed 0 in Q3 2024.
- Pat Dorsey's portfolio value rose 11% quarter-over-quarter to $928M.
Based on Dorsey Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.