Pat Dorsey Portfolio Analysis: Concentration in Top Holdings as of March 31, 2026

As of March 31, 2026, Pat Dorsey's Dorsey Asset Management portfolio, valued at approximately $1.11 billion, shows significant concentration in a select group of holdings. The analysis below focuses on the largest positions and notable changes in share counts during the prior period.

The largest position is ASML Holdings NV (ASML), representing 14.76% of the portfolio. The holding consists of 140,295 shares, with a value of $185.3 million. The number of shares decreased by 32,931 (-19.01%) from the previous period.

Second largest is AERCAP Holdings NV (AER) at 12.27% allocation. With 1,123,489 shares valued at $154.1 million, this holding also saw a reduction, with shares down by 140,509 (-11.12%) year-over-year.

Apple Inc. (APP) is the third largest holding at 10.04% allocation. The position includes 316,952 shares valued at $126.1 million. Shares decreased significantly by 381,844 (-54.64%) during the prior period.

Danaher Corporation (DHR) holds the fourth position at 8.76% allocation. The 580,240 shares are valued at $110.0 million. This position also experienced a decline, with shares down by 280,610 (-32.6%) year-over-year.

Notably, the portfolio includes several positions that saw substantial increases in shares during the prior period:

S&P Global Inc. (SPGI) allocation increased to 7.54% with a 100.0% jump in shares (222,683 new shares added).

Live Nation Entertainment Inc. (LYV) allocation stands at 7.38%. This position also saw a 100.0% increase in shares (607,609 new shares).

Uber Technologies Inc. (UBER) allocation is 6.24%. Similar to SPGI and LYV, this position experienced a 100.0% increase in shares (1,090,281 new shares).

Royalty Pharma PLC (RPRX) maintains an 8.7% allocation despite a slight decrease in shares (-3.14%).

Meta Platforms Inc. (META) allocation is 7.37%, showing a decrease in shares (-15.89%). Booking Holdings Inc. (BKNG) allocation is 5.51% with a small decrease in shares (-3.13%).

For more information on Pat Dorsey's investment approach, visit Dorsey Asset Management. Detailed analysis of individual holdings can be found at ASML Holdings NV, AERCAP Holdings NV, Apple Inc., Danaher Corporation, Royalty Pharma PLC, S&P Global Inc., Live Nation Entertainment Inc., Meta Platforms Inc., and Uber Technologies Inc..