DC
Dorsal Capital Management, LP 13F Holdings (24 Positions, Q2 2026)
Dorsal Capital Management, LPCIK: 0001547007
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$2.8B
Reporting period: 2026-06-30 · Number of holdings: 24
Dorsal Capital Management, LP disclosed 24 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.8B and a quarterly turnover rate of 48.8%.
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Personality snowflake
- Concentration
- 24.82
- Portfolio Stability
- 48.83
- Momentum
- 100
- Sector conviction
- 98.92
- Diversification
- 46
- Sizing Uniformity
- 93.32
Dorsal Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.062 — mathematically equivalent to about 16 equally-sized positions, close to its 24 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.67), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy LRCX
Sold out Z
Add AMZN
+39.5% $117.9M
Sold out ADSK
New buy OKTA
Trim PLNT
+9.9% -$43.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 23 holdings (of 24 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 11.18% | +3.49% | +39.47% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 9.64% | +0.12% | -21.38% | |
| 3 | FWONK | Liberty Media Corp-formula-c | Stock-Comm Services | 7.92% | +1.23% | +16.05% | |
| 4 | HD | Home Depot Inc | Stock-Consumer Disc | 7.49% | +1.10% | +20.00% | |
| 5 | LRCX | Lam Research CORP | Stock-Tech | 6.14% | +6.14% | NEW | |
| 6 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 5.85% | +1.89% | +71.43% | |
| 7 | CPNG | Coupang Inc | Stock-Consumer Disc | 5.84% | +0.04% | +20.25% | |
| 8 | BURL | Burlington Stores Inc | Stock-Consumer Disc | 5.61% | -0.71% | — | |
| 9 | SE | Sea Ltd-adr | Stock-Comm Services | 5.26% | +1.00% | +16.98% | |
| 10 | PLNT | Planet Fitness Inc - Cl A | Stock-Consumer Disc | 5.13% | -2.17% | +9.90% | |
| 11 | MSFT | Microsoft CORP | Stock-Tech | 4.69% | +0.16% | +12.70% | |
| 12 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.39% | -0.28% | +4.76% | |
| 13 | SMTC | Semtech CORP | Stock-Tech | 3.15% | +0.76% | -31.25% | |
| 14 | TWLO | Twilio Inc - A | Stock-Tech | 2.92% | -0.50% | -42.86% | |
| 15 | OKTA | Okta Inc | Stock-Tech | 2.90% | +2.90% | NEW | |
| 16 | FROG | JFrog Ltd. | Stock-Tech | 2.82% | +0.72% | -23.91% | |
| 17 | SN | SharkNinja, Inc. | Stock-Consumer Disc | 2.70% | -1.42% | -50.00% | |
| 18 | VFC | Vf CORP | Stock-Consumer Disc | 1.92% | +0.34% | +35.42% | |
| 19 | NXST | Nexstar Media Group Inc | Stock-Comm Services | 1.58% | -0.18% | — | |
| 20 | LUV | Southwest Airlines Co | Stock-Industrials | 1.18% | +1.18% | NEW | |
| 21 | USFD | US Foods Holding CORP | Stock-Consumer Staples | 1.09% | +1.09% | NEW | |
| 22 | RCAT | Red Cat Holdings Inc | Stock-Other | 0.38% | +0.38% | NEW | |
| 23 | ✓ | Stock-Other | 0.24% | +0.24% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.5%
Performance Last 4 Quarters
-14.3%
- Stdev
- +19.5%
- Beta
- +1.2
- Alpha
- -10.9%
- Max Drawdown
- -22.7%
- Annualized Perf
- +11.9%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.22
- Stutzer
- +0.2
- Treynor
- +0.11
- Sterling
- +0.48
- Calmar
- +0.53
- Information Ratio
- -0.57
- Tracking Error
- +12%
- Stdev Down
- +10.8%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +40.7%
- Worst 12 Months
- -17%
- Efficiency Ratio
- +0.25
- Sharpe
- +0.67
- Stdev Sectors
- +16.1%
- Skewness
- +0.36
- Kurtosis
- -0.16
- Upside Potential
- +3.06
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 24 | $2.8B | 49 | ||
| 2026 Q1 | 27 | $2.6B | 60 | ||
| 2025 Q4 | 22 | $2.9B | 44 | ||
| 2025 Q3 | 24 | $3.7B | 28 | ||
| 2025 Q2 | 26 | $3.8B | 0 | ||
| 2025 Q1 | 25 | $3.3B | 100 | ||
| 2024 Q4 | 26 | $4.2B | 0 | ||
| 2024 Q3 | 22 | $3.2B | 0 | ||
| 2024 Q2 | 21 | $2.9B | 0 | ||
| 2024 Q1 | 26 | $3.1B | 0 | ||
| 2023 Q4 | 23 | $3.2B | 0 | ||
| 2023 Q3 | 25 | $2.9B | 0 | ||
| 2023 Q2 | 22 | $2.9B | 0 | ||
| 2023 Q1 | 30 | $3.1B | 0 | ||
| 2022 Q4 | 21 | $1.7B | 0 | ||
| 2022 Q3 | 23 | $1.6B | 0 | ||
| 2022 Q2 | 19 | $1.5B | 0 | ||
| 2022 Q1 | 24 | $2.0B | 0 | ||
| 2021 Q4 | 20 | $1.7B | 0 | ||
| 2021 Q3 | 22 | $2.0B | 0 | ||
| 2021 Q2 | 25 | $2.1B | 96 | ||
| 2021 Q1 | 21 | $2.0B | 61 | ||
| 2020 Q4 | 19 | $1.7B | 78 | ||
| 2020 Q3 | 19 | $1.3B | 51 | ||
| 2020 Q2 | 23 | $1.6B | 57 | ||
| 2020 Q1 | 19 | $1.2B | 78 | ||
| 2019 Q4 | 21 | $1.7B | 59 | ||
| 2019 Q3 | 19 | $1.7B | 65 | ||
| 2019 Q2 | 22 | $1.8B | 64 | ||
| 2019 Q1 | 19 | $1.5B | 100 | ||
| 2018 Q4 | 22 | $1.4B | 0 | ||
| 2018 Q3 | 24 | $1.7B | 48 | ||
| 2018 Q2 | 24 | $2.0B | 54 | ||
| 2018 Q1 | 28 | $2.1B | 57 | ||
| 2017 Q4 | 26 | $2.0B | 45 | ||
| 2017 Q3 | 25 | $1.9B | 21 | ||
| 2017 Q2 | 28 | $2.0B | 53 | ||
| 2017 Q1 | 30 | $1.9B | 37 | ||
| 2016 Q4 | 28 | $1.6B | 52 | ||
| 2016 Q3 | 26 | $1.6B | 45 | ||
| 2016 Q2 | 23 | $1.4B | 51 | ||
| 2016 Q1 | 24 | $1.1B | 54 | ||
| 2015 Q4 | 27 | $1.1B | 43 | ||
| 2015 Q3 | 33 | $1.1B | 52 | ||
| 2015 Q2 | 31 | $1.0B | 70 | ||
| 2015 Q1 | 28 | $616.8M | 58 | ||
| 2014 Q4 | 29 | $499.0M | 58 | ||
| 2014 Q3 | 34 | $558.0M | 57 | ||
| 2014 Q2 | 33 | $566.9M | 61 | ||
| 2014 Q1 | 30 | $558.4M | 43 | ||
| 2013 Q4 | 26 | $579.1M | 69 | ||
| 2013 Q3 | 25 | $528.0M | 64 | ||
| 2013 Q2 | 33 | $643.4M | 54 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Dorsal Capital Management, LP's most significant position changes for 2026-06-30: New buy: Lam Research CORP (LRCX); Sold out: Zillow Group Inc - C (Z); Sold out: Autodesk Inc (ADSK); New buy: Okta Inc (OKTA); Sold out: Marvell Technology Inc (MRVL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LRCX | Lam Research CORP | +6.1% | NEW | New buy |
| 2 | AMZN | Amazon.com Inc | +3.5% | +39.47% | Add |
| 3 | OKTA | Okta Inc | +2.9% | NEW | New buy |
| 4 | SPOT | Spotify Technology S.A. | +1.9% | +71.43% | Add |
| 5 | FWONK | Liberty Media Corp-formula-c | +1.2% | +16.05% | Add |
| 6 | LUV | Southwest Airlines Co | +1.2% | NEW | New buy |
| 7 | HD | Home Depot Inc | +1.1% | +20.00% | Add |
| 8 | USFD | US Foods Holding CORP | +1.1% | NEW | New buy |
| 9 | SE | Sea Ltd-adr | +1% | +16.98% | Add |
| 10 | SMTC | Semtech CORP | +0.8% | -31.25% | Trim |
| 11 | FROG | JFrog Ltd. | +0.7% | -23.91% | Trim |
| 12 | RCAT | Red Cat Holdings Inc | +0.4% | NEW | New buy |
| 13 | VFC | Vf CORP | +0.3% | +35.42% | Add |
| 14 | ✓ | +0.2% | NEW | New buy | |
| 15 | MSFT | Microsoft CORP | +0.2% | +12.70% | Add |
| 16 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -21.38% | Trim |
| 17 | CPNG | Coupang Inc | 0% | +20.25% | Add |
| 18 | NXST | Nexstar Media Group Inc | -0.2% | — | Unchanged |
| 19 | META | Meta Platforms Inc-class A | -0.3% | +4.76% | Add |
| 20 | CALM | Cal-maine Foods Inc | -0.3% | EXIT | Sold out |
| 21 | TWLO | Twilio Inc - A | -0.5% | -42.86% | Trim |
| 22 | BURL | Burlington Stores Inc | -0.7% | — | Unchanged |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.7% | EXIT | Sold out |
| 24 | APP | Applovin Corp-class A | -1.2% | EXIT | Sold out |
| 25 | WIX | Wix.com Ltd. | -1.2% | EXIT | Sold out |
| 26 | SN | SharkNinja, Inc. | -1.4% | -50.00% | Trim |
| 27 | AAP | Advance Auto Parts Inc | -1.4% | EXIT | Sold out |
| 28 | ECHO | Echostar Corp-a | -1.6% | EXIT | Sold out |
| 29 | NTNX | Nutanix Inc - A | -1.9% | EXIT | Sold out |
| 30 | MRVL | Marvell Technology Inc | -1.9% | EXIT | Sold out |
| 31 | PLNT | Planet Fitness Inc - Cl A | -2.2% | +9.90% | Add |
| 32 | ADSK | Autodesk Inc | -3.3% | EXIT | Sold out |
| 33 | Z | Zillow Group Inc - C | -3.9% | EXIT | Sold out |
Filing History
FAQ
What is Dorsal Capital Management, LP and what type of investor is it?
Dorsal Capital Management, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.8B, spread across 24 disclosed positions.
What are Dorsal Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Dorsal Capital Management, LP's top holdings by market value are:
1. Amazon.com Inc (AMZN) — $315.8M (11.2%)
2. Taiwan Semiconductor-sp Adr (TSM) — $272.2M (9.6%)
3. Liberty Media Corp-formula-c (FWONK) — $223.6M (7.9%)
4. Home Depot Inc (HD) — $211.6M (7.5%)
5. Lam Research CORP (LRCX) — $173.3M (6.1%)
What changes did Dorsal Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Dorsal Capital Management, LP made 31 notable position adjustments: 6 new positions were initiated, 10 existing holdings were added to, 5 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Lam Research CORP (LRCX); Sold out: Zillow Group Inc - C (Z); Sold out: Autodesk Inc (ADSK); New buy: Okta Inc (OKTA); Sold out: Marvell Technology Inc (MRVL)
What sectors does Dorsal Capital Management, LP focus on?
Dorsal Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 40.1%
• Information Technology: 32.5%
• Communication Services: 25.1%
• Industrials: 1.2%
• Consumer Staples: 1.1%
Investment Profile
Dorsal Capital Management, LP returned an annualized 11.9% over the trailing 36 months — underperforming the S&P 500 by 10.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.20 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 40.1% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 49 over the past 4 quarters — a shift toward more active trading.
It has added to its FWONK position over the past two quarters (+$112.8M, now $223.6M), while trimming PLNT over the same stretch (-$153.5M, still holding $144.8M).
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Developer Access
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REST API
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