Dorsal Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Dorsal Capital Management, LP reported a disclosed portfolio value of approximately $2.5 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 11.6% quarter on quarter. Over the quarter, the fund initiated 7 new positions, bought more shares in 5 holdings, trimmed 10 holdings, and exited 2 positions.
Dorsal Capital Management, LP's top buy was a new stake in Amazon.com (AMZN) , equal to 7.9% of the disclosed portfolio. Its top sell was Flutter Entmt PLC (FLUT) . The fund exited the position completely after it had accounted for 5.5% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| AMAZON.COM | AMZN | 7.9% | History → |
| SPOTIFY TECHNOLOGY S A | SPOT | 4.0% | Holders → |
| SEMTECH CORP | SMTC | 2.4% | Holders → |
| JFROG LTD | FROG | 2.1% | Holders → |
| ECHOSTAR CORP | SATS | 1.6% | Holders → |
| V F CORP | VFC | 1.6% | Holders → |
| STATE STR SPDR S&P 500 ETF T | SPY | 0.7% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| LIBERTY MEDIA CORP DEL | FWONK | +3.0% | +80.0% | History → |
| TWILIO INC | TWLO | +0.8% | +27.3% | Holders → |
| SEA LTD | SE | +-0.5% | +23.3% | History → |
| COUPANG INC | CPNG | +-0.1% | +9.0% | History → |
| BURLINGTON STORES INC | BURL | +1.6% | +5.3% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| WIX COM LTD | WIX | -4.4% | 77.4% | Holders → |
| MICROSOFT | MSFT | -4.5% | 41.7% | History → |
| APPLOVIN CORP | APP | -1.2% | 25.0% | Holders → |
| NEXSTAR MEDIA GROUP INC | NXST | -0.5% | 23.1% | Holders → |
| TAIWAN SEMIC-ADR | TSM | -0.1% | 21.6% | History → |
| NUTANIX INC | NTNX | -0.9% | 18.8% | Holders → |
| ZILLOW GROUP INC | Z | -3.0% | 16.2% | Holders → |
| AUTODESK INC | ADSK | -0.8% | 12.5% | Holders → |
| PLANET FITNESS MASTER ISSUER | PLNT | -3.0% | 8.2% | History → |
| META PLATFORMS INC | META | -0.3% | 4.5% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| FLUTTER ENTMT PLC | FLUT | 5.5% |
| MONDAY COM LTD | MNDY | 2.2% |
Net Portfolio Value ChangeQ1 2026
- $2.8BPrior quarter
- $2.5BCurrent quarter
- $-0.3BNet delta
- -11.6%% 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 Q1 2026?
In Q1 2026, Dorsal Capital Management, LP initiated 7 new positions (AMAZON.COM (AMZN), SPOTIFY TECHNOLOGY S A (SPOT), SEMTECH CORP (SMTC), JFROG LTD (FROG), ECHOSTAR CORP (SATS), V F CORP (VFC), STATE STR SPDR S&P 500 ETF T (SPY)); bought more shares of LIBERTY MEDIA CORP DEL (FWONK), TWILIO INC (TWLO), SEA LTD (SE), COUPANG INC (CPNG), BURLINGTON STORES INC (BURL).
What stocks did Dorsal Capital Management, LP sell in Q1 2026?
In Q1 2026, Dorsal Capital Management, LP fully sold 2 positions (FLUTTER ENTMT PLC (FLUT), MONDAY COM LTD (MNDY)); reduced holdings in WIX COM LTD (WIX), MICROSOFT (MSFT), APPLOVIN CORP (APP), NEXSTAR MEDIA GROUP INC (NXST), TAIWAN SEMIC-ADR (TSM) — the largest 5 of 10 reductions.
Which positions did Dorsal Capital Management, LP initiate in Q1 2026?
Dorsal Capital Management, LP established 7 new positions in Q1 2026: AMAZON.COM (AMZN, 7.9%), SPOTIFY TECHNOLOGY S A (SPOT, 4.0%), SEMTECH CORP (SMTC, 2.4%), JFROG LTD (FROG, 2.1%), ECHOSTAR CORP (SATS, 1.6%), V F CORP (VFC, 1.6%), STATE STR SPDR S&P 500 ETF T (SPY, 0.7%).
Which existing positions saw the largest allocation increases for Dorsal Capital Management, LP in Q1 2026?
Of 5 existing positions with share-count increases in Q1 2026, the largest were: LIBERTY MEDIA CORP DEL (FWONK, +3.0% weight, +80.0% shares), TWILIO INC (TWLO, +0.8% weight, +27.3% shares), SEA LTD (SE, +-0.5% weight, +23.3% shares), COUPANG INC (CPNG, +-0.1% weight, +9.0% shares), BURLINGTON STORES INC (BURL, +1.6% weight, +5.3% shares).
Which positions did Dorsal Capital Management, LP fully exit in Q1 2026?
Dorsal Capital Management, LP fully exited 2 positions in Q1 2026: FLUTTER ENTMT PLC (FLUT, last-reported weight 5.5%), MONDAY COM LTD (MNDY, last-reported weight 2.2%).
Which existing positions saw the largest allocation reductions for Dorsal Capital Management, LP in Q1 2026?
Of 10 existing positions with share-count reductions in Q1 2026, the largest were: WIX COM LTD (WIX, -4.4% weight, -77.4% shares), MICROSOFT (MSFT, -4.5% weight, -41.7% shares), APPLOVIN CORP (APP, -1.2% weight, -25.0% shares), NEXSTAR MEDIA GROUP INC (NXST, -0.5% weight, -23.1% shares), TAIWAN SEMIC-ADR (TSM, -0.1% weight, -21.6% shares), NUTANIX INC (NTNX, -0.9% weight, -18.8% shares), ZILLOW GROUP INC (Z, -3.0% weight, -16.2% shares), AUTODESK INC (ADSK, -0.8% weight, -12.5% shares), PLANET FITNESS MASTER ISSUER (PLNT, -3.0% weight, -8.2% shares), META PLATFORMS INC (META, -0.3% weight, -4.5% 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.