Dorsal Capital Management, LP Diversified Active

CIK: 0001547007 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,877,149 (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (3)

TWLO TWILIO INC 2.7%

Value ($000) $78,232 Shares 550,000 Est. Cost $123.87 Unrealized 0.0%

CALM CAL MAINE FOODS INC 0.8%

Value ($000) $23,871 Shares 300,000 Est. Cost — Unrealized —

CALM CAL MAINE FOODS INC 0.3%

Value ($000) $7,957 Shares 100,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TWLO	TWILIO INC	550,000	$78,232	2.7%	$123.87	0.0%	CL A	90138F102
CALM	CAL MAINE FOODS INC	300,000	$23,871	0.8%	—	—	CALL	128030202
CALM	CAL MAINE FOODS INC	100,000	$7,957	0.3%	—	—	PUT	128030202

Increased Positions (9)

PLNT PLANET FITNESS INC 10.4%

Value ($000) $298,293 (+23.6%) Shares 2,750,000 (+18.3%) Est. Cost $74.79 Unrealized +37.6%

CPNG COUPANG INC 5.9%

Value ($000) $171,028 (-24.1%) Shares 7,250,000 (+3.6%) Est. Cost $18.91 Unrealized +50.5%

FLUT FLUTTER ENTMT PLC 5.4%

Value ($000) $155,904 (+53.4%) Shares 725,000 (+81.3%) Est. Cost $218.33 Unrealized +3.0%

MSFT MICROSOFT CORP 9.1%

Value ($000) $261,155 (+13.3%) Shares 540,000 (+21.3%) Est. Cost $327.28 Unrealized +52.9%

HD HOME DEPOT INC 6.0%

Value ($000) $172,050 (-10.6%) Shares 500,000 (+5.3%) Est. Cost $349.36 Unrealized +4.4%

NTNX NUTANIX INC 2.9%

Value ($000) $82,704 (-17.6%) Shares 1,600,000 (+18.5%) Est. Cost $69.11 Unrealized -11.6%

SN SHARKNINJA INC 3.9%

Value ($000) $111,900 (+11.3%) Shares 1,000,000 (+2.6%) Est. Cost $103.31 Unrealized -4.6%

Z ZILLOW GROUP INC 6.9%

Value ($000) $199,544 (-3.4%) Shares 2,925,000 (+9.1%) Est. Cost $55.85 Unrealized +29.7%

APP APPLOVIN CORP 2.3%

Value ($000) $67,382 (+4.2%) Shares 100,000 (+11.1%) Est. Cost $373.16 Unrealized +68.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLNT	PLANET FITNESS INC	2,750,000 (+18.3%)	$298,293 (+23.6%)	10.4%	$74.79	+37.6%	CL A	72703H101
CPNG	COUPANG INC	7,250,000 (+3.6%)	$171,028 (-24.1%)	5.9%	$18.91	+50.5%	CL A	22266T109
FLUT	FLUTTER ENTMT PLC	725,000 (+81.3%)	$155,904 (+53.4%)	5.4%	$218.33	+3.0%	SHS	G3643J108
MSFT	MICROSOFT CORP	540,000 (+21.3%)	$261,155 (+13.3%)	9.1%	$327.28	+52.9%	COM	594918104
HD	HOME DEPOT INC	500,000 (+5.3%)	$172,050 (-10.6%)	6.0%	$349.36	+4.4%	COM	437076102
NTNX	NUTANIX INC	1,600,000 (+18.5%)	$82,704 (-17.6%)	2.9%	$69.11	-11.6%	CL A	67059N108
SN	SHARKNINJA INC	1,000,000 (+2.6%)	$111,900 (+11.3%)	3.9%	$103.31	-4.6%	COM SHS	G8068L108
Z	ZILLOW GROUP INC	2,925,000 (+9.1%)	$199,544 (-3.4%)	6.9%	$55.85	+29.7%	CL C CAP STK	98954M200
APP	APPLOVIN CORP	100,000 (+11.1%)	$67,382 (+4.2%)	2.3%	$373.16	+68.9%	COM CL A	03831W108

Exited Positions (5)

USFD US FOODS HLDG CORP 6.7%

Value ($000) $193,466 Shares 2,525,000 Est. Cost $36.50 Unrealized +105.7%

AMZN AMAZON COM INC 6.5%

Value ($000) $186,635 Shares 850,000 Est. Cost $116.93 Unrealized +95.7%

DT DYNATRACE INC 3.4%

Value ($000) $96,900 Shares 2,000,000 Est. Cost $48.71 Unrealized -4.3%

QRVO QORVO INC 3.2%

Value ($000) $91,080 Shares 1,000,000 Est. Cost $82.23 Unrealized +7.3%

INOD INNODATA INC 1.6%

Value ($000) $46,242 Shares 600,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USFD	US FOODS HLDG CORP	2,525,000	$193,466	6.7%	$36.50	+105.7%	—	912008109
AMZN	AMAZON COM INC	850,000	$186,635	6.5%	$116.93	+95.7%	—	023135106
DT	DYNATRACE INC	2,000,000	$96,900	3.4%	$48.71	-4.3%	—	268150109
QRVO	QORVO INC	1,000,000	$91,080	3.2%	$82.23	+7.3%	—	74736K101
INOD	INNODATA INC	600,000	$46,242	1.6%	—	—	PUT	457642205

Decreased Positions (6)

SE SEA LTD 4.8%

Value ($000) $137,138 (-52.8%) Shares 1,075,000 (-33.8%) Est. Cost $110.89 Unrealized —

WIX WIX COM LTD 5.6%

Value ($000) $161,030 (-42.4%) Shares 1,550,000 (-1.6%) Est. Cost $142.18 Unrealized -15.0%

BURL BURLINGTON STORES INC 4.8%

Value ($000) $137,204 (-32.6%) Shares 475,000 (-40.6%) Est. Cost $222.35 Unrealized +22.0%

META META PLATFORMS INC 5.0%

Value ($000) $145,220 (-17.6%) Shares 220,000 (-8.3%) Est. Cost $248.30 Unrealized +168.8%

ADSK AUTODESK INC 4.1%

Value ($000) $118,404 (-17.2%) Shares 400,000 (-11.1%) Est. Cost $292.88 Unrealized +3.3%

NXST NEXSTAR MEDIA GROUP INC 2.3%

Value ($000) $65,991 (-11.0%) Shares 325,000 (-13.3%) Est. Cost $191.37 Unrealized +0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SE	SEA LTD	1,075,000 (-33.8%)	$137,138 (-52.8%)	4.8%	$110.89	—	SPONSORD ADS	81141R100
WIX	WIX COM LTD	1,550,000 (-1.6%)	$161,030 (-42.4%)	5.6%	$142.18	-15.0%	SHS	M98068105
BURL	BURLINGTON STORES INC	475,000 (-40.6%)	$137,204 (-32.6%)	4.8%	$222.35	+22.0%	COM	122017106
META	META PLATFORMS INC	220,000 (-8.3%)	$145,220 (-17.6%)	5.0%	$248.30	+168.8%	CL A	30303M102
ADSK	AUTODESK INC	400,000 (-11.1%)	$118,404 (-17.2%)	4.1%	$292.88	+3.3%	COM	052769106
NXST	NEXSTAR MEDIA GROUP INC	325,000 (-13.3%)	$65,991 (-11.0%)	2.3%	$191.37	+0.8%	COMMON STOCK	65336K103

Unchanged Positions (4)

TSM TAIWAN SEMICONDUCTOR MFG LTD 9.8%

Value ($000) $281,098 Shares 925,000 Est. Cost $183.40 Unrealized —

MNDY MONDAY COM LTD 2.2%

Value ($000) $62,713 Shares 425,000 Est. Cost $260.27 Unrealized -35.3%

AAP ADVANCE AUTO PARTS INC 1.0%

Value ($000) $27,510 Shares 700,000 Est. Cost $63.18 Unrealized -21.2%

FWONK LIBERTY MEDIA CORP DEL 3.9%

Value ($000) $110,824 Shares 1,125,000 Est. Cost $70.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	925,000	$281,098	9.8%	$183.40	—	SPONSORED ADS	874039100
MNDY	MONDAY COM LTD	425,000	$62,713	2.2%	$260.27	-35.3%	SHS	M7S64H106
AAP	ADVANCE AUTO PARTS INC	700,000	$27,510	1.0%	$63.18	-21.2%	COM	00751Y106
FWONK	LIBERTY MEDIA CORP DEL	1,125,000	$110,824	3.9%	$70.17	—	COM LBTY ONE S C	531229755