Dorsal Capital Management, L.P. 13F annual report
Dorsal Capital Management, L.P. is an investment fund managing more than $2.9 trillion ran by Jeff Barnett. There are currently 21 companies in Mr. Barnett’s portfolio. The largest investments include Amazon.com and Us Foods Hldg Corp, together worth $594 billion.
$2.9 trillion Assets Under Management (AUM)
As of 7th August 2024, Dorsal Capital Management, L.P.’s top holding is 1,800,000 shares of Amazon.com currently worth over $348 billion and making up 12.0% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Dorsal Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 4,650,000 shares of Us Foods Hldg Corp worth $246 billion.
The third-largest holding is Microsoft worth $244 billion and the next is Planet Fitness Inc worth $214 billion, with 2,907,193 shares owned.
Currently, Dorsal Capital Management, L.P.'s portfolio is worth at least $2.9 trillion. 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 Dorsal Capital Management, L.P.
The Dorsal Capital Management, L.P. office and employees reside in Redwood City, California. According to the last 13-F report filed with the SEC, Jeff Barnett serves as the CFO & Partner at Dorsal Capital Management, L.P..
Recent trades
In the most recent 13F filing, Dorsal Capital Management, L.P. revealed that it had opened a new position in
Broadcom Inc and bought 70,000 shares worth $112 billion.
This means they effectively own approximately 0.1% of the company.
Broadcom Inc makes up
9.6%
of the fund's Technology sector allocation and has decreased its share price by 81.7% in the past year.
The investment fund also strengthened its position in Planet Fitness Inc by buying
207,193 additional shares.
This makes their stake in Planet Fitness Inc total 2,907,193 shares worth $214 billion.
Planet Fitness Inc soared 29.3% in the past year.
On the other hand, there are companies that Dorsal Capital Management, L.P. is getting rid of from its portfolio.
Dorsal Capital Management, L.P. closed its position in Five Below Inc on 14th August 2024.
It sold the previously owned 600,000 shares for $109 billion.
Jeff Barnett also disclosed a decreased stake in Amazon.com by 0.2%.
This leaves the value of the investment at $348 billion and 1,800,000 shares.
One of the largest hedge funds
The two most similar investment funds to Dorsal Capital Management, L.P. are Nepc and Altshuler Shaham Ltd. They manage $2.91 trillion and $2.91 trillion respectively.
Jeff Barnett investment strategy
Dorsal Capital Management, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 40.4% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% 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
62% 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 $185 billion.
The complete list of Dorsal Capital Management, L.P. 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 |
|---|---|---|---|
| Amazon.com Inc. |
20.93%
1,800,000
|
$347,850,000,000 | 11.97% |
| Us Foods Hldg Corp |
0.54%
4,650,000
|
$246,357,000,000 | 8.48% |
| Microsoft Corporation |
25.85%
545,000
|
$243,587,750,000 | 8.39% |
| Planet Fitness Inc |
7.67%
2,907,193
|
$213,940,333,000 | 7.36% |
| Wix.com Ltd |
23.81%
1,300,000
|
$206,791,000,000 | 7.12% |
| Meta Platforms Inc |
32.79%
410,000
|
$206,730,200,000 | 7.12% |
| Salesforce Inc |
20.00%
600,000
|
$154,260,000,000 | 5.31% |
| Zillow Group Inc |
6.90%
3,100,000
|
$143,809,000,000 | 4.95% |
| MercadoLibre Inc |
25.00%
87,500
|
$143,797,500,000 | 4.95% |
| Smartsheet Inc |
8.73%
2,875,000
|
$126,730,000,000 | 4.36% |
| Coupang, Inc. |
26.32%
6,000,000
|
$125,700,000,000 | 4.33% |
| Restaurant Brands International Inc |
1.17%
1,700,000
|
$119,629,000,000 | 4.12% |
| Broadcom Inc |
Opened
70,000
|
$112,387,100,000 | 3.87% |
| Five Below Inc |
Closed
600,000
|
$108,828,000,000 | |
| Burlington Stores Inc |
5.26%
450,000
|
$108,000,000,000 | 3.72% |
| Liberty Media Corp. |
4.00%
1,200,000
|
$86,208,000,000 | 2.97% |
| Advance Auto Parts Inc |
159.69%
1,250,000
|
$79,162,500,000 | 2.73% |
| Dynatrace Inc |
118.75%
1,750,000
|
$78,295,000,000 | 2.70% |
| Epam Sys Inc |
Closed
275,000
|
$75,944,000,000 | |
| Home Depot, Inc. |
Opened
200,000
|
$68,848,000,000 | 2.37% |
| Lyft Inc |
Closed
2,500,000
|
$48,375,000,000 | |
| HubSpot Inc |
Opened
75,000
|
$44,234,250,000 | 1.52% |
| V F Corp |
No change
2,500,000
|
$33,750,000,000 | 1.16% |
| Crocs Inc |
Closed
200,000
|
$28,760,000,000 | |
| Pool Corporation |
Closed
50,000
|
$20,175,000,000 | |
| Kaspi Kz Jsc |
No change
115,500
|
$14,900,655,000 | 0.51% |
| Shoals Technologies Group In |
Closed
302,502
|
$3,381,972,000 | |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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