Pat Dorsey - Dorsey Asset Management 13F Activity & Position Changes (Q2 2025)

As of Jun 30, 2025, the Dorsey Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys - Enovis Corporation

Increases - AerCap, ASML, Booking Holdings Inc. Common St, Danaher Corporation, Alphabet Inc., and 1 more

Reductions - AutoZone, Inc., Meta Platforms, Inc., Wix

Complete Exits - PayPal Holdings, Inc., Sprout Social, Inc

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2025	AER AerCap	AerCap	Buy	+222,576	+19.5%	$159.25M	1,361,118
Q2 2025	ASML ASML	ASML	Buy	+69,418	+98.4%	$112.19M	139,989
Q2 2025	AZO AutoZone, Inc.	AutoZone, Inc.	Sell	-1,876	-5.0%	$132.40M	35,667
Q2 2025	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+2,321	+14.5%	$105.89M	18,290
Q2 2025	DHR Danaher Corporation	Danaher Corporation	Buy	+235,688	+34.1%	$183.12M	926,992
Q2 2025	ENOV Enovis Corporation	Enovis Corporation	Buy - Position Entry	+2,553,180	-	$80.07M	2,553,180
Q2 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+23,239	+3.6%	$117.43M	661,990
Q2 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-1,949	-0.8%	$180.91M	245,108
Q2 2025	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell - Position Exit	-858,231	-100.0%	$0.00	-
Q2 2025	SEMR SEMrush Holdings, Inc.	SEMrush Holdings, Inc.	Buy	+27,845	+1.2%	$20.68M	2,284,578
Q2 2025	SPT Sprout Social, Inc	Sprout Social, Inc	Sell - Position Exit	-2,304,414	-100.0%	$0.00	-
Q2 2025	WIX Wix	Wix	Sell	-172,605	-54.0%	$23.26M	146,777