# Dorsey Asset Management: 13F portfolio, Q2 2026

Investment firm, Chicago.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1671657/000139834426014470/0001398344-26-014470-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/dorsey-asset-management
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $1.6B (Q1 2026: $1.3B)
- Positions: 11 (Q1 2026: 11)
- Top 10 holdings: 94.5% of the portfolio
- This quarter: 0 new, 7 added to, 3 trimmed, 0 sold out

## What Dorsey Asset Management did in Q2 2026
Dorsey Asset Management raised its stake in Uber Technologies by 62%. ASML Holding is still the largest holding, at 16.6% of the portfolio.

## Biggest buys
- Uber Technologies (UBER): +62%
- S&P Global (SPGI): +42%
- AppLovin (APP): +39%
- Meta Platforms (META): +24%
- Danaher (DHR): +8%

## Biggest sells
- Sunbelt Rentals Holdings (SUNB): −48%
- AerCap Holdings (AER): −32%
- ASML Holding (ASML): −7%

## Top 11 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | ASML Holding | ASML | 16.6% | $259.4M | −7% | Q1 2025 |
| 2 | AppLovin | APP | 14.5% | $226.3M | +39% | Q3 2024 or earlier |
| 3 | Royalty Pharma | RPRX | 8.8% | $137.7M | +8% | Q3 2025 |
| 4 | Booking Holdings | BKNG | 8.5% | $132.2M | Split | Q1 2025 |
| 5 | S&P Global | SPGI | 8.3% | $128.9M | +42% | Q1 2026 |
| 6 | Uber Technologies | UBER | 8.1% | $127.1M | +62% | Q1 2026 |
| 7 | Live Nation Entertainment | LYV | 7.7% | $120.1M | +8% | Q4 2025 |
| 8 | Danaher | DHR | 7.6% | $119.3M | +8% | Q3 2024 or earlier |
| 9 | Meta Platforms | META | 7.2% | $112.6M | +24% | Q3 2024 or earlier |
| 10 | AerCap Holdings | AER | 7.2% | $111.8M | −32% | Q1 2025 |
| 11 | Sunbelt Rentals Holdings | SUNB | 5.5% | $86.1M | −48% | Q1 2026 |

## Other value investors
- Duquesne Family Office (Stanley Druckenmiller): https://valuepeg.com/managers/duquesne-family-office
- Elliott Investment Management (Paul Singer): https://valuepeg.com/managers/elliott-investment-management
- Fairfax Financial (Prem Watsa): https://valuepeg.com/managers/fairfax-financial
- Fairholme Capital Management: https://valuepeg.com/managers/fairholme-capital
- Fundsmith: https://valuepeg.com/managers/fundsmith

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.