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Dorsal Capital Management, LP
Ryan David Frick · Hedge Fund · Long/Short Equity
Dorsal Capital Management, LP is an investment firm headquartered in Redwood City, California, founded in 2009 by Ryan Frick and Oliver Evans. The firm operates as a hedge fund manager specializing in alternative investment strategies for a diverse client base, including institutional investors such as pension funds and endowments as well as high-net-worth individuals. Dorsal Capital primarily focuses on the technology, media, and consumer sectors within the United States. Since its inception, the firm has sought to deliver consistent, risk-adjusted returns by leveraging deep industry expertise and a disciplined research process to navigate complex market environments.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -12.8% |
| YTD return | -7.3% |
| Sharpe ratio | -3.72 |
| Win rate | 33% |
| AUM | $2.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.dorsalcapital.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AMZN | Amazon.com Inc | 12.4% | -3.7% |
| TSM | Taiwan Semiconductor Manufacturing | 8.5% | +47.3% |
| FWONK | Liberty Media Corporation Series C Liberty Formula One Common Stock | 8.5% | -1.7% |
| SPOT | Spotify Technology SA | 7.0% | -3.2% |
| HD | The Home Depot Inc | 7.0% | -20.3% |
| SE | Sea Ltd | 6.6% | -36.0% |
| MSFT | Microsoft Corporation | 6.5% | +4.6% |
| PLNT | Planet Fitness Inc | 5.2% | -47.1% |
| BURL | Burlington Stores Inc | 4.9% | -8.9% |
| META | Meta Platforms Inc. | 4.5% | -2.8% |
| CPNG | Coupang LLC | 4.4% | -44.5% |
| LRCX | Lam Research Corp | 4.3% | -6.0% |
| OKTA | Okta Inc | 3.6% | +7.9% |
| SN | SharkNinja, Inc. | 3.4% | +58.5% |
| TWLO | Twilio Inc | 3.4% | +74.5% |
| FROG | Jfrog Ltd | 3.1% | +24.0% |
| SMTC | Semtech Corporation | 2.6% | +21.3% |
| NXST | Nexstar Broadcasting Group Inc | 1.6% | -13.7% |
| VFC | VF Corporation | 1.6% | -7.0% |
| USFD | US Foods Holding Corp | 1.1% | -12.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | SMTC | 3.5% → 2.6% |
| Aug 31, 2026 | SELL | ZG | 3.1% → 0.0% |
| Aug 31, 2026 | BUY | AMZN | 9.5% → 12.4% |
| Aug 31, 2026 | BUY | LRCX | 0.0% → 4.3% |
| Aug 31, 2026 | BUY | PLNT | 5.2% → 5.2% |
Investment Style Analysis
Dorsal Capital Management, LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 18, 2026, the firm oversees approximately $2.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Internet Retail and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Dorsal Capital Management, LP made a significant move by reducing the position in SMTC. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Dorsal Capital Management's investment philosophy is rooted in a fundamental, research-intensive approach to long/short equity investing. The firm aims to achieve superior risk-adjusted total returns that maintain a low correlation to broad equity market indices. By focusing on the technology, media, and consumer sectors, Dorsal identifies undervalued securities for long positions and overvalued securities for short positions. The strategy relies on rigorous bottom-up analysis of company fundamentals, competitive positioning, and market inefficiencies, complemented by a strict risk management framework designed to preserve capital and manage portfolio volatility.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Dorsal Capital Management, LP.
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Frequently asked questions
How is the simulated portfolio for Dorsal Capital Management, LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Dorsal Capital Management, LP's largest holding?
As of the latest filing, Dorsal Capital Management, LP's top position is Amazon.com Inc (AMZN), representing 12.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is Dorsal Capital Management, LP's historical performance and risk profile?
Our simulation indicates a total return of -12.8% with a win rate of 33%. Notably, the portfolio maintains a Sharpe Ratio of -3.72, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Dorsal Capital Management, LP primarily invest in?
Dorsal Capital Management, LP has a strong preference for the Internet Retail sector, which makes up 23.4% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Dorsal Capital Management, LP's portfolio concentrated or diversified?
Dorsal Capital Management, LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 29.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Dorsal Capital Management, LP performed in 2026?
Our AI-simulated model portfolio for Dorsal Capital Management, LP tracks a Year-to-Date (YTD) return of -7.3%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Ryan David Frick manage Dorsal Capital Management, LP directly?
Yes, Ryan David Frick serves as the key portfolio manager for Dorsal Capital Management, LP, overseeing the investment strategy and final capital allocation decisions.