13F filing recap · Q4 2025

What did Dorsey Asset Management buy in Q4 2025?

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

Stock value

$1.15B

Positions

Estimated turnover

20.8%

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 a new position in Live Nation Entertainment and added to ASML Holding. The firm trimmed Danaher, AerCap, Booking Holdings, Royalty Pharma, and Enovis slightly, while reducing Meta Platforms and AutoZone moderately. Alphabet was reduced substantially.

New positions

LYVLive Nation Entertainment, Inc.$85.92Mreported value+603.0K shares

Increased positions

ASMLAsml Holding N.v.$205.78Mreported value+19.1K shares+11.0%

Reduced positions

DHRDanaher Corporation$189.44Mreported value-33.3K shares-3.9%AERAercap Holdings N.v.$174.68Mreported value-48.9K shares-3.9%METAMeta Platforms, Inc.$105.91Mreported value-31.8K shares-16.5%BKNGBooking Holdings Inc.$87.38Mreported value-658 shares