13F filing recap · Q1 2025

What did Dorsey Asset Management buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$943.61M

Positions

Estimated turnover

60.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Dorsey Asset Management opened new positions in Aercap Holdings, Booking Holdings, and ASML Holding, while exiting Herc Holdings, Smartsheet, and Upwork entirely. The firm substantially increased its Danaher stake and added to Meta Platforms, while substantially trimming Wix.com and reducing PayPal. Slight reductions were made to AutoZone, Alphabet, Sprout Social, and Semrush.

New positions

AERAercap Holdings N.v.$116.32Mreported value+1.14M shares BKNGBooking Holdings Inc.$73.57Mreported value+16.0K shares ASMLAsml Holding N.v.$46.76Mreported value+70.6K shares

Increased positions

METAMeta Platforms, Inc.$142.39Mreported value+38.8K shares+18.6%DHRDanaher Corporation$141.72Mreported value+296.5K shares+75.1%

Reduced positions

AZOAutozone Inc$143.14Mreported value-27 shares-0.1%GOOGAlphabet Inc.$99.79Mreported value-467 shares-0.1%PYPLPayPal Holdings, Inc.$56.00Mreported value-443.0K shares-34.0%WIXWix.com Ltd.$52.18Mreported value-259.4K shares

Exited positions

SMARSmartsheet Inc.$81.12Mprior reported value-1.45M shares-100.0%HRIHerc Holdings Inc.$51.67Mprior reported value-272.9K shares-100.0%UPWKUpwork Inc.$49.79Mprior reported value-3.05M shares-100.0%