Dorsal Capital Management, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Dorsal Capital Management, LP maintained a portfolio of 27 distinct positions. The most significant new addition to the portfolio was TWILIO INC, which now represents 2.72% of the total fund value. They heavily accumulated shares in PLANET FITNESS INC, increasing their position by 18.3%. Conversely, Dorsal Capital Management, LP completely exited their position in US FOODS HLDG CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
27
Quarter
2025 Q4
Top Holding
PLNT (10.4%)
Top 10 Concentration
68.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 27
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PLNT
PLANET FITNESS ...
Consumer Cyclical 10.37% 6.44% #1 3
Prev: #4
8.0 425,000 18.3%
P
S
2,750,000 $298,292,500 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 9.77% 6.90% #2 1
Prev: #3
6.4 no change no change
P
S
925,000 $281,098,250 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 9.08% 6.15% #3 2
Prev: #5
7.1 95,000 21.3%
P
S
540,000 $261,154,800 2012 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Z
ZILLOW GROUP IN...
Communication Services 6.94% 5.51% #4 3
Prev: #7
5.3 243,750 9.1%
P
S
2,925,000 $199,543,500 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 5.98% 5.14% #5 5
Prev: #10
4.9 25,000 5.3%
P
S
500,000 $172,050,000 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 5.94% 6.02% #6
Prev: #6
2.9 250,000 3.6%
P
S
7,250,000 $171,027,500 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WIX
WIX COM LTD
Technology 5.60% 7.47% #7 5
Prev: #2
2.7 -25,000 -1.6%
P
S
1,550,000 $161,029,500 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 5.42% 2.71% #8 7
Prev: #15
5.2 325,000 81.2%
P
S
725,000 $155,904,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 5.05% 4.70% #9 3
Prev: #12
2.5 -20,000 -8.3%
P
S
220,000 $145,219,800 2013 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BURL
BURLINGTON STOR...
Consumer Cyclical 4.77% 5.43% #10 2
Prev: #8
1.9 -325,000 -40.6%
P
S
475,000 $137,203,750 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 4.77% 7.75% #11 10
Prev: #1
1.9 -550,000 -33.8%
P
S
1,075,000 $137,137,750 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ADSK
AUTODESK INC
Technology 4.12% 3.82% #12 1
Prev: #13
2.1 -50,000 -11.1%
P
S
400,000 $118,404,000 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SN
SHARKNINJA INC
Consumer Cyclical 3.89% 2.68% #13 3
Prev: #16
2.1 25,000 2.6%
P
S
1,000,000 $111,900,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FWONK
LIBERTY MEDIA C...
Communication Services 3.85% 3.14% #14
Prev: #14
2.5 no change no change
P
S
1,125,000 $110,823,750 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NTNX
NUTANIX INC
Technology 2.87% 2.68% #15 2
Prev: #17
3.1 250,000 18.5%
P
S
1,600,000 $82,704,000 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TWLO
TWILIO INC
Technology 2.72% #16
Prev: #—
4.6 550,000 no change
NEW
550,000 $78,232,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 2.34% 1.73% #17 5
Prev: #22
2.9 10,000 11.1%
P
S
100,000 $67,382,000 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NXST
NEXSTAR MEDIA G...
Communication Services 2.29% 1.98% #18 3
Prev: #21
1.4 -50,000 -13.3%
P
S
325,000 $65,991,250 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MNDY
MONDAY COM LTD
Technology 2.18% 2.20% #19 1
Prev: #20
1.9 no change no change
P
S
425,000 $62,713,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAP
ADVANCE AUTO PA...
Consumer Cyclical 0.96% 1.15% #20 4
Prev: #24
1.4 no change no change
P
S
700,000 $27,510,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CALM
CAL MAINE FOODS...
CALL
CALL Option 0.83% #21
Prev: #—
3.8 300,000 no change
NEW
300,000 $23,871,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CALM
CAL MAINE FOODS...
PUT
PUT Option 0.28% #22
Prev: #—
3.6 100,000 no change
NEW
100,000 $7,957,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
USFD
US FOODS HLDG C...
Consumer Defensive 0.00% 5.16%
Sold All 😨
(Was: #9)
0.0 -2,525,000 -100.0%
CLOSED
$— 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 0.00% 4.98%
Sold All 😨
(Was: #11)
0.0 -850,000 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DT
DYNATRACE INC
Technology 0.00% 2.59%
Sold All 😨
(Was: #18)
0.0 -2,000,000 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QRVO
QORVO INC
Technology 0.00% 2.43%
Sold All 😨
(Was: #19)
0.0 -1,000,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INOD
INNODATA INC
PUT
PUT Option 0.00% 1.23%
Sold All 😨
(Was: #23)
0.0 -600,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 27 holdings

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