# Dorsey Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1671657. Source: https://holderbook.com/funds/1671657-dorsey-asset-management-llc/

- Reported value: $1.6B
- Positions: 11
- Weight of the ten largest: 94.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $259.4M | 130,364 | 16.6% | 6 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $226.3M | 439,313 | 14.5% | 2 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $137.7M | 2,456,528 | 8.8% | 4 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $132.2M | 741,500 | 8.5% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $128.9M | 316,413 | 8.3% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $127.1M | 1,761,941 | 8.1% | 2 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $120.1M | 655,658 | 7.7% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $119.3M | 626,211 | 7.6% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $112.6M | 199,901 | 7.2% | 31 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $111.8M | 766,828 | 7.2% | 6 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $86.1M | 1,150,578 | 5.5% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.8% | +14.8% | +1.0% | 100% |
| Q1 2026 | -1.1% | -4.6% | +3.5% | 100% |
| Q4 2025 | +5.4% | +2.4% | +3.0% | 100% |
| Q3 2025 | +7.3% | +7.8% | -0.5% | 100% |
| Q2 2025 | +9.9% | +10.5% | -0.6% | 100% |
| Q1 2025 | -12.1% | -4.6% | -7.5% | 100% |
| Q4 2024 | +21.0% | +2.1% | +18.9% | 100% |
| Q3 2024 | +10.4% | +5.4% | +5.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 11 |
| Q1 2026 | $1.3B | 11 |
| Q4 2025 | $1.2B | 10 |
| Q3 2025 | $1.1B | 9 |
| Q2 2025 | $1.1B | 10 |
| Q1 2025 | $943.6M | 11 |
| Q4 2024 | $970.0M | 11 |
| Q3 2024 | $927.6M | 12 |
| Q2 2024 | $839.4M | 11 |
| Q1 2024 | $860.2M | 10 |
| Q4 2023 | $778.0M | 9 |
| Q3 2023 | $765.9M | 10 |