Dorsal Capital Management, LP: PLANET FITNESS MASTER ISSUER (PLNT): Quarterly 13F Position History
As of Q1 2026, Dorsal Capital Management, LP reported 2,525,000 shares of PLANET FITNESS MASTER ISSUER (PLNT), worth $187.8M and representing 7.5% of its 13F equity book. Quarter-over-quarter share count change: 225,000 (-8.2%) . The position first appeared in Q4 2020 and has been disclosed across 22 13F-HR filings in Pactolio's tracked window.
- 2,525,000Shares Held (Latest Filing)
- $187.8MReported Market Value (Latest Filing)
- 7.5%Portfolio Weight (% of 13F Equity Book)
- 225,000Quarter-over-Quarter Share Change
- -$110.5MQuarter-over-Quarter Value Change
- 2,950,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 22 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,525,000 | 225,000 | -8.2% | $187.8M | 7.5% | $74.4 |
| Q4 2025 | 2,750,000 | +425,000 | +18.3% | $298.3M | 10.5% | $108.5 |
| Q3 2025 | 2,325,000 | 150,000 | -6.1% | $241.3M | 6.5% | $103.8 |
| Q2 2025 | 2,475,000 | +175,000 | +7.6% | $269.9M | 7.7% | $109.0 |
| Q1 2025 | 2,300,000 | +300,000 | +15.0% | $222.2M | 7.2% | $96.6 |
| Q4 2024 | 2,000,000 | 950,000 | -32.2% | $197.7M | 6.0% | $98.9 |
| Q3 2024 | 2,950,000 | +42,807 | +1.5% | $239.6M | 7.7% | $81.2 |
| Q2 2024 | 2,907,193 | +207,193 | +7.7% | $213.9M | 7.4% | $73.6 |
| Q1 2024 | 2,700,000 | +200,000 | +8.0% | $169.1M | 5.6% | $62.6 |
| Q4 2023 | 2,500,000 | +2,500,000 | — | $182.5M | 5.9% | $73.0 |
| Q3 2023 | 0 | 1,250,000 | -100.0% | $0 | 0.0% | — |
| Q2 2023 | 1,250,000 | +400,000 | +47.1% | $84.3M | 3.4% | $67.4 |
| Q1 2023 | 850,000 | +850,000 | — | $66.0M | 2.6% | $77.7 |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 825,000 | -100.0% | $0 | 0.0% | — |
| Q4 2020 | 825,000 | — | — | $64.0M | 3.7% | $77.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Dorsal Capital Management, LP first disclose a PLNT position in 13F-HR filings?
Dorsal Capital Management, LP first reported PLANET FITNESS MASTER ISSUER (PLNT) on its 13F-HR filing for the period ending 2020-12-31 (Q4 2020). The position has appeared on 22 reported quarters within Pactolio's tracked window.
What was Dorsal Capital Management, LP's most recent quarter-over-quarter share-count change in PLNT?
Between Q4 2025 and Q1 2026, Dorsal Capital Management, LP reduced its PLNT position by 225,000 shares (-8.2%), leaving 2,525,000 shares at a market value of $187.8M.
Does the implied price-per-share represent Dorsal Capital Management, LP's cost basis in PLNT?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.