Dorsey Asset Management, LLC 13F: Quarter-over-Quarter Portfolio Changes
Dorsey Asset Management, LLC reported a disclosed portfolio value of approximately $1.3 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 9.2% quarter on quarter. Over the quarter, the manager initiated 4 new positions, bought more shares in 4 holdings, trimmed 3 holdings, and exited 3 positions.
Dorsey Asset Management, LLC's top buy was a new stake in Sunbelt Rentals Holdings INC (SUNB) , equal to 11.4% of the disclosed portfolio. Its top sell was Danaher (DHR) . The manager sold 29.9% of its previously reported shares, reducing the position's portfolio weight by 7.7 percentage points.
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 |
|---|---|---|---|
| SUNBELT RENTALS HOLDINGS INC | SUNB | 11.4% | History → |
| APPLOVIN CORP | APP | 10.0% | History → |
| S&P GLOBAL INC | SPGI | 7.5% | History → |
| UBER TECHNOLOGIES INC | UBER | 6.2% | History → |
Top BuysQ1 2026
The manager'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 |
|---|---|---|---|---|
| BOOKING HLDGS INC | BKNG | +-2.1% | +0.8% | Holders → |
| LIVE NATION ENTERTAINMENT IN | LYV | +-0.1% | +0.8% | History → |
| META PLATFORMS INC | META | +-1.8% | +0.8% | History → |
| ROYALTY PHARMA PLC | RPRX | +1.1% | +0.8% | History → |
Top SellsQ1 2026
The manager'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 |
|---|---|---|---|---|
| DANAHER | DHR | -7.7% | 29.9% | History → |
| ASML HLDG NV | ASML | -3.1% | 27.1% | History → |
| AERCAP HOLDINGS NV | AER | -2.9% | 7.5% | 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 |
|---|---|---|
| AUTOZONE, INC. | AZO | 7.4% |
| ALPHABET CL C | GOOG | 5.9% |
| ENOVIS CORPORATION | ENOV | 5.3% |
Net Portfolio Value ChangeQ1 2026
- $1.2BPrior quarter
- $1.3BCurrent quarter
- +$0.1BNet delta
- +9.2%% change
Methodology & FAQ
How Dorsey Asset Management, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Dorsey Asset Management, LLC: 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 Dorsey Asset Management, LLC buy in Q1 2026?
In Q1 2026, Dorsey Asset Management, LLC initiated 4 new positions (SUNBELT RENTALS HOLDINGS INC (SUNB), APPLOVIN CORP (APP), S&P GLOBAL INC (SPGI), UBER TECHNOLOGIES INC (UBER)); bought more shares of BOOKING HLDGS INC (BKNG), LIVE NATION ENTERTAINMENT IN (LYV), META PLATFORMS INC (META), ROYALTY PHARMA PLC (RPRX).
What stocks did Dorsey Asset Management, LLC sell in Q1 2026?
In Q1 2026, Dorsey Asset Management, LLC fully sold 3 positions (AUTOZONE, INC. (AZO), ALPHABET CL C (GOOG), ENOVIS CORPORATION (ENOV)); reduced holdings in DANAHER (DHR), ASML HLDG NV (ASML), AERCAP HOLDINGS NV (AER).
Which positions did Dorsey Asset Management, LLC initiate in Q1 2026?
Dorsey Asset Management, LLC established 4 new positions in Q1 2026: SUNBELT RENTALS HOLDINGS INC (SUNB, 11.4%), APPLOVIN CORP (APP, 10.0%), S&P GLOBAL INC (SPGI, 7.5%), UBER TECHNOLOGIES INC (UBER, 6.2%).
Which existing positions saw the largest allocation increases for Dorsey Asset Management, LLC in Q1 2026?
Of 4 existing positions with share-count increases in Q1 2026, the largest were: BOOKING HLDGS INC (BKNG, +-2.1% weight, +0.8% shares), LIVE NATION ENTERTAINMENT IN (LYV, +-0.1% weight, +0.8% shares), META PLATFORMS INC (META, +-1.8% weight, +0.8% shares), ROYALTY PHARMA PLC (RPRX, +1.1% weight, +0.8% shares).
Which positions did Dorsey Asset Management, LLC fully exit in Q1 2026?
Dorsey Asset Management, LLC fully exited 3 positions in Q1 2026: AUTOZONE, INC. (AZO, last-reported weight 7.4%), ALPHABET CL C (GOOG, last-reported weight 5.9%), ENOVIS CORPORATION (ENOV, last-reported weight 5.3%).
Which existing positions saw the largest allocation reductions for Dorsey Asset Management, LLC in Q1 2026?
Of 3 existing positions with share-count reductions in Q1 2026, the largest were: DANAHER (DHR, -7.7% weight, -29.9% shares), ASML HLDG NV (ASML, -3.1% weight, -27.1% shares), AERCAP HOLDINGS NV (AER, -2.9% weight, -7.5% 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.