Pat Dorsey

Dorsey Asset Management, LLC

as of Sep 30, 2025 · filed Nov 14, 2025 · 45-day reporting lag · historical report

Source filings

13F-HR 0001398344-25-020887

QuarterCompare any two quarters

Portfolio value$1.1B -0.2% vs. previous quarter

Positions91 new · 2 sold

Top 568.4%largest DHR at 15.3%

Largest moveROYALTY PHARMA PLCNew · 7.5% weight

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

13%held throughout

META26

GOOG24

DHR11

AZO8

ASML HOLDING N V6

Top 3 moves

ROYALTY PHARMA PLC+7.5%

ASML HOLDING N V+5.0%

META−3.5%

1 new position and 2 sold; the largest portfolio-weight shift was ROYALTY PHARMA PLC entering at 7.5%.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

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Reported holdings for Q3 2025

DHRDANAHER CORPIndustrials	15.3%-1.1%	Reduced7.1%	860,850	$198.26	$170.7M
Ticker unavailableASML HOLDING N VUnclassified	15.1%+5.0%	Increased23.7%	173,226	$968.09	$167.7M
Ticker unavailableAERCAP HOLDINGS NVUnclassified	13.7%-0.5%	Reduced7.1%	1,263,998	$121.00	$152.9M
METAMETA PLATFORMS INC-CLASS ACommunication Services	12.7%-3.5%	Reduced21.6%	192,224	$734.38	$141.2M
AZOAUTOZONE INCConsumer Discretionary	11.5%-0.4%	Reduced16.2%	29,878	$4290.24	$128.2M
GOOGALPHABET INC-CL CCommunication Services	9.4%-1.1%	Reduced35.1%	429,318	$243.55	$104.6M
BKNGBOOKING HOLDINGS INCIndustrials	8.2%-1.3%	Reduced7.2%	16,975	$5399.27	$91.7M
Ticker unavailableNEWROYALTY PHARMA PLCUnclassified	7.5%+7.5%	New	2,350,449	$35.28	$82.9M
ENOVENOVIS CORPHealth Care	6.5%-0.6%	Reduced6.0%	2,399,322	$30.34	$72.8M

Pat Dorsey

Dorsey Asset Management, LLC

as of Sep 30, 2025 · filed Nov 14, 2025 · 45-day reporting lag · historical report

DHRDANAHER CORPIndustrials

15.3%-1.1%

Reduced7.1%

860,850

$198.26

$170.7M

Ticker unavailableASML HOLDING N VUnclassified

15.1%+5.0%

Increased23.7%

173,226

$968.09

$167.7M

Ticker unavailableAERCAP HOLDINGS NVUnclassified

13.7%-0.5%

Reduced7.1%

1,263,998

$121.00

$152.9M

METAMETA PLATFORMS INC-CLASS ACommunication Services

12.7%-3.5%

Reduced21.6%

192,224

$734.38

$141.2M

AZOAUTOZONE INCConsumer Discretionary

11.5%-0.4%

Reduced16.2%

29,878

$4290.24

$128.2M

GOOGALPHABET INC-CL CCommunication Services

9.4%-1.1%

Reduced35.1%

429,318

$243.55

$104.6M

BKNGBOOKING HOLDINGS INCIndustrials

8.2%-1.3%

Reduced7.2%

16,975

$5399.27

$91.7M

Ticker unavailableNEWROYALTY PHARMA PLCUnclassified

7.5%+7.5%

New

2,350,449

$35.28

$82.9M

ENOVENOVIS CORPHealth Care

6.5%-0.6%

Reduced6.0%

2,399,322

$30.34

$72.8M