Inside Pat Dorsey’s Stock Portfolio
Pat Dorsey is a well-respected investor and founder of Dorsey Asset Management, known for his deep focus on “economic moats” — companies that have durable competitive advantages that protect them from competition. His portfolio reflects this philosophy, with investments in companies that dominate their industries, innovate continuously, and generate strong long-term value.
Here’s a breakdown of the key holdings and why they stand out:
1. Danaher (DHR) – 16.4%
• A global science and technology innovator, especially in life sciences and diagnostics.
• Known for the “Danaher Business System” – a culture of continuous improvement.
• Strength: Healthcare and life sciences are resilient sectors with steady demand.
Why consider it?
A defensive play with strong growth potential in medical diagnostics and biotech solutions.
2. Meta (META) – 16.2%
• Parent company of Facebook, Instagram, and WhatsApp.
• Strong in digital advertising, but also investing heavily in AI and the metaverse.
• Despite challenges, its cash flow remains massive, funding future innovation.
Why consider it?
Exposure to both dominant social platforms and next-generation tech opportunities.
3. Aercap (AER) – 14.3%
• World’s largest aircraft leasing company.
• Benefits from long-term global air travel growth.
• Strong contracts with major airlines; demand recovering post-COVID.
Why consider it?
A long-term bet on aviation and global connectivity.
4. AutoZone (AZO) – 11.9%
• Leading auto parts retailer in the U.S.
• Consistent performer, even in downturns (people repair cars instead of buying new ones).
• Strong share buyback program supports stock growth.
Why consider it?
Defensive retail stock with reliable earnings.
5. Alphabet (GOOG) – 10.5%
• Parent of Google and YouTube.
• Leader in online search, cloud computing, and AI development.
• Strong balance sheet and cash reserves.
Why consider it?
Exposure to global digital advertising + AI-driven growth.
6. ASML (ASML) – 10.1%
• The only company in the world that makes EUV lithography machines (critical for semiconductor chips).
• Monopolistic position in an industry vital to global technology.
Why consider it?
A “picks and shovels” play on the entire semiconductor industry.
7. Booking Holdings (BKNG) – 9.5%
• Owner of Booking.com, Priceline, Kayak, Agoda, etc.
• Benefiting from the global travel rebound.
• High margins and strong brand recognition.
Why consider it?
Exposure to the long-term growth of online travel and tourism.
8. Enovis (ENOV) – 7.2%
• Healthcare technology company focusing on orthopedics and rehabilitation.
• Growing footprint in medical devices.
Why consider it?
Niche healthcare growth with innovation potential.
Portfolio Theme
Dorsey’s portfolio tilts heavily toward innovation + resilience:
• Tech & AI dominance → META, GOOG, ASML
• Healthcare & Life Sciences → DHR, ENOV
• Travel & Aviation recovery → AER, BKNG
• Defensive Consumer → AZO
Why Investors May Consider This Portfolio
1. Balance of Growth & Resilience – Mix of high-growth tech and stable healthcare/consumer names.
2. Exposure to Structural Trends – AI, semiconductors, aviation recovery, healthcare innovation.
3. Economic Moat Philosophy – Companies chosen for their competitive advantages, not hype.
4. Diversification Across Sectors – Technology, healthcare, travel, consumer retail.
✅ In summary: This portfolio is built around world-class companies with strong moats, giving investors exposure to both defensive plays and growth opportunities across global industries.
Pat Dorsey is a well-respected investor and founder of Dorsey Asset Management, known for his deep focus on “economic moats” — companies that have durable competitive advantages that protect them from competition. His portfolio reflects this philosophy, with investments in companies that dominate their industries, innovate continuously, and generate strong long-term value.
Here’s a breakdown of the key holdings and why they stand out:
1. Danaher (DHR) – 16.4%
• A global science and technology innovator, especially in life sciences and diagnostics.
• Known for the “Danaher Business System” – a culture of continuous improvement.
• Strength: Healthcare and life sciences are resilient sectors with steady demand.
Why consider it?
A defensive play with strong growth potential in medical diagnostics and biotech solutions.
2. Meta (META) – 16.2%
• Parent company of Facebook, Instagram, and WhatsApp.
• Strong in digital advertising, but also investing heavily in AI and the metaverse.
• Despite challenges, its cash flow remains massive, funding future innovation.
Why consider it?
Exposure to both dominant social platforms and next-generation tech opportunities.
3. Aercap (AER) – 14.3%
• World’s largest aircraft leasing company.
• Benefits from long-term global air travel growth.
• Strong contracts with major airlines; demand recovering post-COVID.
Why consider it?
A long-term bet on aviation and global connectivity.
4. AutoZone (AZO) – 11.9%
• Leading auto parts retailer in the U.S.
• Consistent performer, even in downturns (people repair cars instead of buying new ones).
• Strong share buyback program supports stock growth.
Why consider it?
Defensive retail stock with reliable earnings.
5. Alphabet (GOOG) – 10.5%
• Parent of Google and YouTube.
• Leader in online search, cloud computing, and AI development.
• Strong balance sheet and cash reserves.
Why consider it?
Exposure to global digital advertising + AI-driven growth.
6. ASML (ASML) – 10.1%
• The only company in the world that makes EUV lithography machines (critical for semiconductor chips).
• Monopolistic position in an industry vital to global technology.
Why consider it?
A “picks and shovels” play on the entire semiconductor industry.
7. Booking Holdings (BKNG) – 9.5%
• Owner of Booking.com, Priceline, Kayak, Agoda, etc.
• Benefiting from the global travel rebound.
• High margins and strong brand recognition.
Why consider it?
Exposure to the long-term growth of online travel and tourism.
8. Enovis (ENOV) – 7.2%
• Healthcare technology company focusing on orthopedics and rehabilitation.
• Growing footprint in medical devices.
Why consider it?
Niche healthcare growth with innovation potential.
Portfolio Theme
Dorsey’s portfolio tilts heavily toward innovation + resilience:
• Tech & AI dominance → META, GOOG, ASML
• Healthcare & Life Sciences → DHR, ENOV
• Travel & Aviation recovery → AER, BKNG
• Defensive Consumer → AZO
Why Investors May Consider This Portfolio
1. Balance of Growth & Resilience – Mix of high-growth tech and stable healthcare/consumer names.
2. Exposure to Structural Trends – AI, semiconductors, aviation recovery, healthcare innovation.
3. Economic Moat Philosophy – Companies chosen for their competitive advantages, not hype.
4. Diversification Across Sectors – Technology, healthcare, travel, consumer retail.
✅ In summary: This portfolio is built around world-class companies with strong moats, giving investors exposure to both defensive plays and growth opportunities across global industries.