What stocks does Pat Dorsey own? — Dorsey Asset Management, LLC portfolio & 13F holdings

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 Q4 2025 13F filing, the disclosed long-equity portfolio is valued at $1.2B across 10 positions. The largest holdings are ASML HOLDING N V, DANAHER CORPORATION, and AERCAP HOLDINGS NV (ASML HOLDING N V alone is 17.9% of the book).

New positions opened in the latest quarter include LIVE NATION ENTERTAINMENT IN.