Dorsey Asset Management, LLC Long-Term Concentrated

CIK: 0001671657 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,150,398 (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (1)

LYV LIVE NATION ENTERTAINMENT IN 7.5%

Value ($000) $85,924 Shares 602,973 Est. Cost $143.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LYV	LIVE NATION ENTERTAINMENT IN	602,973	$85,924	7.5%	$143.72	0.0%	COM	538034109

Increased Positions (1)

ASML ASML HOLDING N V 17.9%

Value ($000) $205,780 (+22.7%) Shares 192,343 (+11.0%) Est. Cost $805.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	192,343 (+11.0%)	$205,780 (+22.7%)	17.9%	$805.97	—	N Y REGISTRY SHS	N07059210

Decreased Positions (8)

AZO AUTOZONE INC 7.4%

Value ($000) $85,198 (-33.5%) Shares 25,121 (-15.9%) Est. Cost $2937.43 Unrealized +28.6%

GOOG ALPHABET INC 5.9%

Value ($000) $68,065 (-34.9%) Shares 216,906 (-49.5%) Est. Cost $130.19 Unrealized +119.9%

META META PLATFORMS INC 9.2%

Value ($000) $105,911 (-25.0%) Shares 160,450 (-16.5%) Est. Cost $253.07 Unrealized +163.7%

AER AERCAP HOLDINGS NV 15.2%

Value ($000) $174,677 (+14.2%) Shares 1,215,059 (-3.9%) Est. Cost $99.84 Unrealized +32.7%

DHR DANAHER CORPORATION 16.5%

Value ($000) $189,436 (+11.0%) Shares 827,520 (-3.9%) Est. Cost $211.59 Unrealized +3.8%

ENOV ENOVIS CORPORATION 5.3%

Value ($000) $60,718 (-16.6%) Shares 2,279,200 (-5.0%) Est. Cost $33.08 Unrealized -10.7%

RPRX ROYALTY PHARMA PLC 7.6%

Value ($000) $87,306 (+5.3%) Shares 2,259,469 (-3.9%) Est. Cost $36.20 Unrealized +5.3%

BKNG BOOKING HOLDINGS INC 7.6%

Value ($000) $87,383 (-4.7%) Shares 16,317 (-3.9%) Est. Cost $4792.92 Unrealized +7.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	AUTOZONE INC	25,121 (-15.9%)	$85,198 (-33.5%)	7.4%	$2937.43	+28.6%	COM	053332102
GOOG	ALPHABET INC	216,906 (-49.5%)	$68,065 (-34.9%)	5.9%	$130.19	+119.9%	CAP STK CL C	02079K107
META	META PLATFORMS INC	160,450 (-16.5%)	$105,911 (-25.0%)	9.2%	$253.07	+163.7%	CL A	30303M102
AER	AERCAP HOLDINGS NV	1,215,059 (-3.9%)	$174,677 (+14.2%)	15.2%	$99.84	+32.7%	SHS	N00985106
DHR	DANAHER CORPORATION	827,520 (-3.9%)	$189,436 (+11.0%)	16.5%	$211.59	+3.8%	COM	235851102
ENOV	ENOVIS CORPORATION	2,279,200 (-5.0%)	$60,718 (-16.6%)	5.3%	$33.08	-10.7%	COM	194014502
RPRX	ROYALTY PHARMA PLC	2,259,469 (-3.9%)	$87,306 (+5.3%)	7.6%	$36.20	+5.3%	SHS CLASS A	G7709Q104
BKNG	BOOKING HOLDINGS INC	16,317 (-3.9%)	$87,383 (-4.7%)	7.6%	$4792.92	+7.2%	COM	09857L108