Q4 2025 · 13F-HR
Dorsal Capital Management, LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000862
The Brief · Dorsal Capital Management, LP · Q4 2025
AI · grounded in 13F
Dorsal Capital Management, LP exited its position in US Foods Hldg Corp USFD, reducing exposure by $193.5M. The fund also closed positions in Amazon Com Inc AMZN for $186.6M and Dynatrace Inc DT for $96.9M. On the buy side, the fund established a new position in Twilio Inc TWLO worth $78.2M and added Cal Maine Foods Inc CALM with a $31.8M investment. Additionally, the fund increased its share count in Flutter Entmt PLC FLUT by 81.25%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 72703H101 | PLNT | PLANET FITNESS INC | $298.3M | 10.4% | 2,750,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $281.1M | 9.77% | 925,000 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $261.2M | 9.08% | 540,000 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $199.5M | 6.94% | 2,925,000 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $172.1M | 5.98% | 500,000 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $171.0M | 5.94% | 7,250,000 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $161.0M | 5.60% | 1,550,000 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $155.9M | 5.42% | 725,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $145.2M | 5.05% | 220,000 | Common | SOLE |
| 122017106 | BURL | BURLINGTON STORES INC | $137.2M | 4.77% | 475,000 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $137.1M | 4.77% | 1,075,000 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $118.4M | 4.12% | 400,000 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $111.9M | 3.89% | 1,000,000 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $110.8M | 3.85% | 1,125,000 | Common | NONE |
| 67059N108 | NTNX | NUTANIX INC | $82.7M | 2.87% | 1,600,000 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $78.2M | 2.72% | 550,000 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $67.4M | 2.34% | 100,000 | Common | SOLE |
| 65336K103 | NXST | NEXSTAR MEDIA GROUP INC | $66.0M | 2.29% | 325,000 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $62.7M | 2.18% | 425,000 | Common | SOLE |
| 00751Y106 | AAP | ADVANCE AUTO PARTS INC | $27.5M | 0.96% | 700,000 | Common | SOLE |
| 128030202 | CALM | CAL MAINE FOODS INC | $23.9M | 0.83% | 300,000 | CALL | NONE |
| 128030202 | CALM | CAL MAINE FOODS INC | $8.0M | 0.28% | 100,000 | PUT | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.