Pat Dorsey

Dorsey Asset Management, LLC

as of Dec 31, 2025 · filed Feb 17, 2026 · 48-day reporting lag · historical report

Source filings

13F-HR 0001398344-26-003214

QuarterCompare any two quarters

Portfolio value$1.2B 3.4% vs. previous quarter

Positions101 new · 0 sold

Top 566.3%largest ASML HOLDING N V at 17.9%

Largest moveLYVNew · 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.

9%held throughout

META26

GOOG24

DHR11

AZO8

ASML HOLDING N V6

Top 3 moves

LYV+7.5%

AZO−4.1%

META−3.5%

1 new position and no positions sold; the largest portfolio-weight shift was LYV 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 Q4 2025

Ticker unavailableASML HOLDING N VUnclassified	17.9%+2.8%	Increased11.0%	192,343	$1069.86	$205.8M
DHRDANAHER CORPIndustrials	16.5%+1.1%	Reduced3.9%	827,520	$228.92	$189.4M
Ticker unavailableAERCAP HOLDINGS NVUnclassified	15.2%+1.4%	Reduced3.9%	1,215,059	$143.76	$174.7M
METAMETA PLATFORMS INC-CLASS ACommunication Services	9.2%-3.5%	Reduced16.5%	160,450	$660.09	$105.9M
BKNGBOOKING HOLDINGS INCIndustrials	7.6%-0.6%	Reduced3.9%	16,317	$5355.33	$87.4M
Ticker unavailableROYALTY PHARMA PLCUnclassified	7.6%+0.1%	Reduced3.9%	2,259,469	$38.64	$87.3M
LYVNEWLIVE NATION ENTERTAINMENT INConsumer Discretionary	7.5%+7.5%	New	602,973	$142.50	$85.9M
AZOAUTOZONE INCConsumer Discretionary	7.4%-4.1%	Reduced15.9%	25,121	$3391.50	$85.2M
GOOGALPHABET INC-CL CCommunication Services	5.9%-3.5%	Reduced49.5%	216,906	$313.80	$68.1M
ENOVENOVIS CORPHealth Care	5.3%-1.3%	Reduced5.0%	2,279,200	$26.64	$60.7M