Dorsey Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Chicago, IL
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
10
Total value ($000)
$1,150,398
Net value change ($000)
+37,802 (3.4%)
New positions
1
Sold out positions
0
Turnover %
7.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LYV 85,924 NEW
ASML 38,082 22.7%
AER 21,733 14.2%
DHR 18,764 11.0%
RPRX 4,382 5.3%
Top Reduces (Value $000, Stocks/ETFs)
AZO -42,986 -33.5%
GOOGL -36,495 -34.9%
META -35,254 -25.0%
ENOV -12,077 -16.6%
BKNG -4,270 -4.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type