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Pat Dorsey
Portfolio: Top Holdings & Stock Picks

Dorsey Asset Management, LLC

Quality Investing

Pat Dorsey (Dorsey Asset Management, LLC) disclosed 9 total holdings in its latest 13F filing dated 2025-09-30, with a portfolio value of $1.11 B billion and a turnover rate of 10.3%.

Portfolio Value
$1.11 B
Total Holdings
9
Latest Filing
Q3 2025
Nov 14, 2025
Turnover Rate
10.33%

Pat Dorsey Top Holdings of 2025-09-30

Ticker Name Shares Value % of Portfolio Time Held % Change
DHR
860,850 $170.67 M 15.34% 1.7 Years -7.14%
173,226 $167.7 M 15.07% 0.5 Years +23.74%
AER
1.26 M $152.94 M 13.75% 0.5 Years -7.14%
192,224 $141.17 M 12.69% 8.7 Years -21.58%
AZO
29,878 $128.18 M 11.52% 1.5 Years -16.23%
429,318 $104.56 M 9.40% 8.5 Years -35.15%
16,975 $91.65 M 8.24% 0.5 Years -7.19%
2.35 M $82.92 M 7.45% New Buy +100.00%
2.4 M $72.8 M 6.54% 0.25 Years -6.03%

Recent Moves

Significant New Position
+2.35 M Shares | +$82.92 M Value
Continues to build a major stake in the Healthcare sector
Q3 2025
Added to Core Holding
+33,237 Shares | +$32.18 M Value
Largest position increase in Technology sector
Q3 2025
Reduced Exposure to Position
-232,672 Shares | -$56.67 M Value
Significant reduction in holdings of Communication Services
Q3 2025
Complete Exit
-146,777 Shares | -$23.26 M Value
Cleared WIX, sector remains in portfolio
Q3 2025

Pat Dorsey's Historical Top Holdings Breakdown

Portfolio Date:

Pat Dorsey Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
09/30/2025 New Buy 2.35 M 2.35 M $82.92 M
09/30/2025 Reduce -35.2% 429,318 -232,672 $56.67 M
09/30/2025 Reduce -21.6% 192,224 -52,884 $38.84 M
09/30/2025 Add 23.7% 173,226 33,237 $32.18 M
AZO
09/30/2025 Reduce -16.2% 29,878 -5,789 $24.84 M
WIX
09/30/2025 Sold Out 146,777 -146,777 $23.26 M
09/30/2025 Sold Out 2.28 M -2.28 M $20.68 M
DHR
09/30/2025 Reduce -7.1% 860,850 -66,142 $13.11 M
AER
09/30/2025 Reduce -7.1% 1.26 M -97,120 $11.75 M
09/30/2025 Reduce -7.2% 16,975 -1,315 $7.1 M

Pat Dorsey's Sector Breakdowns

Portfolio Date:

About Pat Dorsey

Pat Dorsey is the founder and portfolio manager of Dorsey Asset Management. He is widely recognized for his expertise in economic moats, a concept he was instrumental in popularizing during his tenure as the Director of Equity Research at Morningstar. At Morningstar, he led the development of the firm's economic moat ratings and its equity research methodology. Dorsey is also the author of two highly regarded investment books, "The Five Rules for Successful Stock Investing" and "The Little Book That Builds Wealth," which have solidified his reputation as a leading authority on quality-focused value investing.

Frequently Asked Questions

As of 2025-09-30, Pat Dorsey holds 9 stocks. Top positions include DHR, ASML, AER, META, AZO. For full portfolio details, please visit Pat Dorsey’s portfolio.

In Q3 2025, Pat Dorsey’s largest purchase by dollar amount was RPRX. For complete transaction details, please visit Pat Dorsey’s portfolio.

According to the 13F filing for Q3 2025, Pat Dorsey increased their stake in ASML.

Pat Dorsey’s firm may occasionally request confidential treatment under SEC rule 13F-HR, which allows temporary non-disclosure of certain positions.