Pat Dorsey - Dorsey Asset Management Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, Pat Dorsey's Dorsey Asset Management portfolio reflects a concentrated approach across 10 reported 13F positions. Portfolio returns are primarily driven by a small set of high-conviction positions such as ASML, AerCap, and Applovin, with the top five holdings accounting for approximately 62% of total exposure and ASML alone contributing ~17%. While the portfolio includes 10 positions, economic outcomes are highly concentrated in a narrow set of technology and communication services names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance weighted across unknown, technology, and communication services. The portfolio maintains moderate turnover, consistent with periodic rebalancing rather than a fully static book. Distinctive traits include Moderate Turnover, Moderately Concentrated, Economically Concentrated.