What Pat Dorsey bought and sold in Q1 2025

In Q1 2025, Pat Dorsey (Dorsey Asset Management) opened 3 new positions — including AER (12.3%), BKNG (7.8%), ASML (5.0%), added to 1, trimmed 2, exited 3 (SMARGBP, HRI, UPWK). The book stood at $944M across 11 positions, filed May 15, 2025.

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.