Dorsal Capital Management, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Dorsal Capital Management, LP disclosed 20 US equity positions worth $2.8bn in its Q4 2025 13F filing. The largest position was PLNT at 10.5% of the reported book, followed by TSM and MSFT. Against the Q3 2025 filing, it opened 1 new position, added to 9 and reduced 6 among the top 20 holdings.
What did Dorsal Capital Management, LP own in Q4 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PLNT PLANET FITNESS INC | Consumer Cyclical | 10.5% | $298.3m | 2,750,000 | 18% | added |
| 2 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 9.9% | $281.1m | 925,000 | 0% | held |
| 3 | MSFT MICROSOFT CORP | Technology | 9.2% | $261.2m | 540,000 | 21% | added |
| 4 | Z ZILLOW GROUP INC | Communication Services | 7.0% | $199.5m | 2,925,000 | 9% | added |
| 5 | HD HOME DEPOT INC | Consumer Cyclical | 6.0% | $172.1m | 500,000 | 5% | added |
| 6 | CPNG COUPANG INC | Consumer Cyclical | 6.0% | $171.0m | 7,250,000 | 4% | added |
| 7 | WIX WIX COM LTD | Technology | 5.7% | $161.0m | 1,550,000 | -2% | reduced |
| 8 | FLUTTER ENTMT PLC | 5.5% | $155.9m | 725,000 | 81% | added | |
| 9 | META META PLATFORMS INC | Communication Services | 5.1% | $145.2m | 220,000 | -8% | reduced |
| 10 | BURL BURLINGTON STORES INC | Consumer Cyclical | 4.8% | $137.2m | 475,000 | -41% | reduced |
| 11 | SE SEA LTD | Consumer Cyclical | 4.8% | $137.1m | 1,075,000 | -34% | reduced |
| 12 | ADSK AUTODESK INC | Technology | 4.2% | $118.4m | 400,000 | -11% | reduced |
| 13 | SN SHARKNINJA INC | Consumer Cyclical | 3.9% | $111.9m | 1,000,000 | 3% | added |
| 14 | LLYVK LIBERTY MEDIA CORP DEL | 3.9% | $110.8m | 1,125,000 | 0% | held | |
| 15 | NTNX NUTANIX INC | Technology | 2.9% | $82.7m | 1,600,000 | 19% | added |
| 16 | TWLO TWILIO INC | Technology | 2.7% | $78.2m | 550,000 | – | new |
| 17 | APP APPLOVIN CORP | Communication Services | 2.4% | $67.4m | 100,000 | 11% | added |
| 18 | NXST NEXSTAR MEDIA GROUP INC | Communication Services | 2.3% | $66.0m | 325,000 | -13% | reduced |
| 19 | MNDY MONDAY COM LTD | Technology | 2.2% | $62.7m | 425,000 | 0% | held |
| 20 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 1.0% | $27.5m | 700,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.