Dorsal Capital Management, LLC
Dorsal Capital Management, LP is a U.S.-based hedge fund and registered investment adviser headquartered in Redwood City, California. The firm was founded in 2011 and serves institutional investors. Dorsal Capital focuses on managing long/short equity investment strategies with a technology, media, and telecom (TMT) sector emphasis. The firm employs a research-intensive, fundamentally-driven approach. Employee headcount is estimated in the range of 10-20 professionals.
Investment Strategy
Dorsal Capital Management specializes in long/short equity strategies with a focus on the technology, media, and telecom sectors. The firm conducts deep fundamental research and takes an opportunistic approach, investing both long and short across public equities where it identifies dislocations, competitive advantages, or inefficiencies. The strategy aims to deliver strong risk-adjusted returns with a disciplined risk management process and fundamental valuation work.
Top Holdings
Equity Positions (23)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SE | SEA LTD | 7.89% | $295.9M | 1,850,000 | $110.89 | $159.94 | +$100.2M |
P PLNT | PLANET FITNESS INC | 7.20% | $269.9M | 2,475,000 | $77.97 | $109.05 | +$47.7M |
A AMZN | AMAZON COM INC | 6.87% | $257.8M | 1,175,000 | $128.83 | $219.39 | -$46.6M |
M MSFT | MICROSOFT CORP | 6.63% | $248.7M | 500,000 | $296.61 | $497.41 | +$85.4M |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | 6.49% | $243.5M | 1,075,000 | $183.40 | $226.49 | +$77.5M |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SE | SEA LTD | — | Call | $159.9M | 10,000 | $159.94 | $107.51 | 0 | +$29.4M |
P PLTR | PALANTIR TECHNOLOGIES INC | Sold | Put | $54.5M | 4,000 | $136.32 | $37.20 | -1,000 | +$12.3M |
U UBER | UBER TECHNOLOGIES INC | New | Put | $23.3M | 2,500 | $93.30 | $93.30 | +2,500 | +$23.3M |