Pat Dorsey runs Dorsey Asset Management, LLC. Moat-focused, concentrated (~10 stocks), long-term. Every position is a deep conviction on durable competitive advantage. As of the Q1 2026 13F filing, the disclosed long-equity portfolio is valued at $1.3B across 11 positions. The largest holdings are ASML HLDG NV, AERCAP HOLDINGS NV, and SUNBELT RENTALS HOLDINGS INC (ASML HLDG NV alone is 14.8% of the book).

New positions opened in the latest quarter include APPLOVIN CORP, S&P GLOBAL INC, and SUNBELT RENTALS HOLDINGS INC. Recently exited names: ALPHABET INC, AUTOZONE INC, and ENOVIS CORPORATION.

Pat Dorsey runs Dorsey Asset Management, LLC. Moat-focused, concentrated (~10 stocks), long-term. Every position is a deep conviction on durable competitive advantage. As of the Q1 2026 13F filing, the disclosed long-equity portfolio is valued at $1.3B across 11 positions. The largest holdings are ASML HLDG NV, AERCAP HOLDINGS NV, and SUNBELT RENTALS HOLDINGS INC (ASML HLDG NV alone is 14.8% of the book).

New positions opened in the latest quarter include APPLOVIN CORP, S&P GLOBAL INC, and SUNBELT RENTALS HOLDINGS INC. Recently exited names: ALPHABET INC, AUTOZONE INC, and ENOVIS CORPORATION.