DOSSIER · 13F-HR · Q1 2026

Dorsal Capital Management, LP

$2.6B in tracked AUM across 27 positions as of Q1 2026.

DC
CIK 0001547007 · last filed Mar 31, 2026
Total AUM
$2.6B
as of Q1 2026
Holdings
27
positions
Whale Score
70
70
strong
Activity
no data
changes this Q
AI Analysis · Q1 2026

Comprehensive Analysis of Dorsal Capital Management, LP SEC 13F Filing

Report Period: Q3 2025 (Ending September 30, 2025) Total Portfolio Value: $2.08 Billion

1. Portfolio Overview

Dorsal Capital Management executed a significant portfolio restructuring during the third quarter of 2025, characterized by aggressive deleveraging and a pivot toward higher-conviction positions. The firm reduced its total portfolio value by 44.6%, declining from $3.75 billion to $2.08 billion. This...

The portfolio remains highly concentrated, comprising only 14 holdings. This indicates a "high-conviction" strategy where the firm prefers meaningful exposure to its best ideas rather than broad diversification. The top four positions—Sea Ltd, Wix.com, Planet Fitness, and CouPang—account for nearly 50% of the total assets under management (AUM), suggesting a willingness to take idiosyncratic risk in pursuit of alpha.

2. Key Holdings

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$245M725K9.5%
02
AMZN
AMAZON COM INC
$198M950K7.7%
03
PLNT
PLANET FITNESS MASTER ISSUER
$188M2.5M7.3%
04
FWONK
LIBERTY MEDIA CORP DEL
$172M2.0M6.7%
05
HD
HOME DEPOT INC
$164M500K6.4%
06
BURL
BURLINGTON STORES INC
$163M500K6.3%
07
CPNG
COUPANG INC
$149M7.9M5.8%
08
META
META PLATFORMS INC
$120M210K4.7%
09
MSFT
MICROSOFT CORP
$117M315K4.5%
10
SE
SEA LTD
$110M1.3M4.3%

Filing history

2026Q1Mar 31
$2.6B 10.6%
27 positionsView →
2025Q4Dec 31
$2.9B 38.5%
22 positionsView →
2025Q3Sep 30
$2.1B 44.6%
14 positionsView →
2025Q2Jun 30
$3.8B 14.7%
26 positionsLocked
2025Q1Mar 31
$3.3B 22.7%
25 positionsLocked
2024Q4Dec 31
$4.2B 31.2%
26 positionsLocked
2024Q3Sep 30
$3.2B 11.0%
22 positionsLocked
2024Q2Jun 30
$2.9B 5.2%
21 positionsLocked
2024Q1Mar 31
$3.1B 5.6%
26 positionsLocked
2023Q4Dec 31
$3.2B 10.8%
23 positionsLocked
2023Q3Sep 30
$2.9B 0.9%
25 positionsLocked
2023Q2Jun 30
$2.9B 7.2%
22 positionsLocked
Showing 12 of 55