Dorsal Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Dorsal Capital Management, LP reported a disclosed portfolio value of approximately $2.8 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 10.5% quarter on quarter. Over the quarter, the fund initiated 5 new positions, bought more shares in 9 holdings, trimmed 6 holdings, and exited 8 positions.
Dorsal Capital Management, LP's top buy was a new stake in Lam Research CORP (LRCX) , equal to 6.2% of the disclosed portfolio. Its top sell was Zillow Group INC (Z) . The fund exited the position completely after it had accounted for 4.0% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| LAM RESEARCH CORP | LRCX | 6.2% | History → |
| OKTA INC | OKTA | 2.9% | Holders → |
| SOUTHWEST AIRLS CO | LUV | 1.2% | Holders → |
| US FOODS HLDG CORP | USFD | 1.1% | Holders → |
| SPACE EXPLORATION TECHN CORP | SPCX | 0.2% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| SPOTIFY TECHNOLOGY S A | SPOT | +1.9% | +71.4% | History → |
| AMAZON.COM INC | AMZN | +3.5% | +39.5% | History → |
| V F CORP | VFC | +0.3% | +35.4% | Holders → |
| HOME DEPOT INC | HD | +1.1% | +20.0% | History → |
| SEA LTD | SE | +1.0% | +17.0% | History → |
| LIBERTY MEDIA CORP DEL | FWONK | +1.2% | +16.0% | History → |
| MICROSOFT CORP | MSFT | +0.1% | +12.7% | History → |
| PLANET FITNESS MASTER ISSUER | PLNT | +-2.3% | +9.9% | History → |
| META PLATFORMS INC | META | +-0.3% | +4.8% | Holders → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| SHARKNINJA INC | SN | -1.5% | 50.0% | Holders → |
| TWILIO INC | TWLO | -0.5% | 42.9% | Holders → |
| SEMTECH CORP | SMTC | 0.8% | 31.2% | Holders → |
| JFROG LTD | FROG | 0.7% | 23.9% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 0.1% | 21.4% | History → |
| COUPANG INC | CPNG | -1.2% | 5.1% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ZILLOW GROUP INC | Z | 4.0% |
| AUTODESK INC | ADSK | 3.3% |
| NUTANIX INC | NTNX | 2.0% |
| ECHOSTAR CORP | SATS | 1.6% |
| ADVANCE AUTO PARTS INC | AAP | 1.5% |
| WIX COM LTD | WIX | 1.3% |
| APPLOVIN CORP | APP | 1.2% |
| STATE STR SPDR S&P 500 ETF T | SPY | 0.7% |
Net Portfolio Value ChangeQ2 2026
- $2.5BPrior quarter
- $2.8BCurrent quarter
- +$0.3BNet delta
- +10.5%% change
Methodology & FAQ
How Dorsal Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Dorsal Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Dorsal Capital Management, LP buy in Q2 2026?
In Q2 2026, Dorsal Capital Management, LP initiated 5 new positions (LAM RESEARCH CORP (LRCX), OKTA INC (OKTA), SOUTHWEST AIRLS CO (LUV), US FOODS HLDG CORP (USFD), SPACE EXPLORATION TECHN CORP (SPCX)); bought more shares of SPOTIFY TECHNOLOGY S A (SPOT), AMAZON.COM INC (AMZN), V F CORP (VFC), HOME DEPOT INC (HD), SEA LTD (SE) (the largest 5 of 9 adds).
What stocks did Dorsal Capital Management, LP sell in Q2 2026?
In Q2 2026, Dorsal Capital Management, LP fully sold 8 positions (ZILLOW GROUP INC (Z), AUTODESK INC (ADSK), NUTANIX INC (NTNX), ECHOSTAR CORP (SATS), ADVANCE AUTO PARTS INC (AAP), WIX COM LTD (WIX), APPLOVIN CORP (APP), STATE STR SPDR S&P 500 ETF T (SPY)); reduced holdings in SHARKNINJA INC (SN), TWILIO INC (TWLO), SEMTECH CORP (SMTC), JFROG LTD (FROG), TAIWAN SEMICONDUCTOR MANUFAC (TSM) (the largest 5 of 6 reductions).
Which positions did Dorsal Capital Management, LP initiate in Q2 2026?
Dorsal Capital Management, LP established 5 new positions in Q2 2026: LAM RESEARCH CORP (LRCX, 6.2%), OKTA INC (OKTA, 2.9%), SOUTHWEST AIRLS CO (LUV, 1.2%), US FOODS HLDG CORP (USFD, 1.1%), SPACE EXPLORATION TECHN CORP (SPCX, 0.2%).
Which existing positions saw the largest allocation increases for Dorsal Capital Management, LP in Q2 2026?
Of 9 existing positions with share-count increases in Q2 2026, the largest were: SPOTIFY TECHNOLOGY S A (SPOT, +1.9% weight, +71.4% shares), AMAZON.COM INC (AMZN, +3.5% weight, +39.5% shares), V F CORP (VFC, +0.3% weight, +35.4% shares), HOME DEPOT INC (HD, +1.1% weight, +20.0% shares), SEA LTD (SE, +1.0% weight, +17.0% shares), LIBERTY MEDIA CORP DEL (FWONK, +1.2% weight, +16.0% shares), MICROSOFT CORP (MSFT, +0.1% weight, +12.7% shares), PLANET FITNESS MASTER ISSUER (PLNT, +-2.3% weight, +9.9% shares), META PLATFORMS INC (META, +-0.3% weight, +4.8% shares).
Which positions did Dorsal Capital Management, LP fully exit in Q2 2026?
Dorsal Capital Management, LP fully exited 8 positions in Q2 2026: ZILLOW GROUP INC (Z, last-reported weight 4.0%), AUTODESK INC (ADSK, last-reported weight 3.3%), NUTANIX INC (NTNX, last-reported weight 2.0%), ECHOSTAR CORP (SATS, last-reported weight 1.6%), ADVANCE AUTO PARTS INC (AAP, last-reported weight 1.5%), WIX COM LTD (WIX, last-reported weight 1.3%), APPLOVIN CORP (APP, last-reported weight 1.2%), STATE STR SPDR S&P 500 ETF T (SPY, last-reported weight 0.7%).
Which existing positions saw the largest allocation reductions for Dorsal Capital Management, LP in Q2 2026?
Of 6 existing positions with share-count reductions in Q2 2026, the largest were: SHARKNINJA INC (SN, -1.5% weight, -50.0% shares), TWILIO INC (TWLO, -0.5% weight, -42.9% shares), SEMTECH CORP (SMTC, 0.8% weight, -31.2% shares), JFROG LTD (FROG, 0.7% weight, -23.9% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, 0.1% weight, -21.4% shares), COUPANG INC (CPNG, -1.2% weight, -5.1% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.