Dorsey Asset Management 13F annual report
Dorsey Asset Management is an investment fund managing more than $839 billion ran by Michael Harriett. There are currently 11 companies in Mr. Harriett’s portfolio. The largest investments include Meta Platforms Inc and Smartsheet Inc, together worth $230 billion.
$839 billion Assets Under Management (AUM)
As of 7th August 2024, Dorsey Asset Management’s top holding is 239,724 shares of Meta Platforms Inc currently worth over $121 billion and making up 14.4% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Dorsey Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 2,480,389 shares of Smartsheet Inc worth $109 billion, whose value grew 4.6% in the past six months.
The third-largest holding is Wix.com Ltd worth $90.8 billion and the next is Autozone worth $90 billion, with 30,351 shares owned.
Currently, Dorsey Asset Management's portfolio is worth at least $839 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Dorsey Asset Management
The Dorsey Asset Management office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Michael Harriett serves as the CCO/CFO/COO at Dorsey Asset Management.
Recent trades
In the most recent 13F filing, Dorsey Asset Management revealed that it had opened a new position in
Autozone and bought 30,351 shares worth $90 billion.
This means they effectively own approximately 0.1% of the company.
Autozone makes up
100.0%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 25.4% in the past year.
The investment fund also strengthened its position in PayPal Inc by buying
548,685 additional shares.
This makes their stake in PayPal Inc total 1,197,048 shares worth $69.5 billion.
PayPal Inc soared 0.3% in the past year.
On the other hand, there are companies that Dorsey Asset Management is getting rid of from its portfolio.
Dorsey Asset Management closed its position in Disney Walt Co on 14th August 2024.
It sold the previously owned 648,816 shares for $57.9 billion.
Michael Harriett also disclosed a decreased stake in Meta Platforms Inc by 0.6%.
This leaves the value of the investment at $121 billion and 239,724 shares.
One of the average hedge funds
The two most similar investment funds to Dorsey Asset Management are P2 Capital Partners and J. Stern & Co. LL.P.. They manage $839 billion and $839 billion respectively.
Michael Harriett investment strategy
Dorsey Asset Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 64.9% of
the total portfolio value.
The fund focuses on investments in the United States as
90.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
45% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $192 billion.
The complete list of Dorsey Asset Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Meta Platforms Inc |
61.72%
239,724
|
$120,873,635,000 | 14.40% |
| Smartsheet Inc |
24.39%
2,480,389
|
$109,335,547,000 | 13.03% |
| Wix.com Ltd |
59.04%
570,859
|
$90,806,541,000 | 10.82% |
| Autozone Inc. |
Opened
30,351
|
$89,963,399,000 | 10.72% |
| Alphabet Inc |
36.97%
465,268
|
$85,339,457,000 | 10.17% |
| Danaher Corp. |
Opened
306,420
|
$76,559,037,000 | 9.12% |
| PayPal Holdings Inc |
84.63%
1,197,048
|
$69,464,695,000 | 8.28% |
| Sprout Social, Inc. |
Opened
1,725,977
|
$61,582,859,000 | 7.34% |
| Herc Holdings Inc |
116.52%
439,118
|
$58,530,038,000 | 6.97% |
| Disney Walt Co |
Closed
648,816
|
$57,926,292,000 | |
| Roku Inc |
Closed
781,185
|
$49,964,593,000 | |
| SEMrush Holdings, Inc. |
17.77%
3,558,820
|
$47,652,600,000 | 5.68% |
| Upwork Inc |
41.91%
2,725,293
|
$29,296,900,000 | 3.49% |
| No transactions found | |||
| Showing first 500 out of 13 holdings | |||
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