Tweet. They operate 2 private funds and have approximately $247.5 million in total assets under management (AUM). Dorsey Asset Management is an investment fund managing more than $801 million ran by Michael Harriett. You must have a subscription to view WhaleScore histories. compensation-related conflicts of interest, Types of Financial Advisors and How to Choose, What's a Fiduciary (and Why It Matters So Much). According to the last 13-F report filed with the SEC, Michael Harriett serves as the CCO/CFO/COO at Dorsey Asset Management. Dorsey Asset Management corporate office is located in 150 N Wacker Dr Ste 960, Chicago, Illinois, 60606, United States and has 10 employees. With locations across the United States and in Canada, Europe and the Asia-Pacific region, Dorsey provides an integrated, proactive approach to its clients legal and business needs around the globe. Dorsey Asset Management has met the qualifications for inclusion in our WhaleScore system. Track stock picks and portfolios of legendary value investors such as Warren Buffett What does this mean and why is it important? While partners may pay to provide offers or be featured, e.g. Dorsey Asset Management, LLC had filed a previous 13F-HR on 2022-08-15 disclosing 3,438,052 shares of Smartsheet Inc at a value of $108,058,000 USD. What does this mean? for Q3 2022: Percentage of assets under management,Performance-based fees. MINORITY OWNER AND MEMBER WITH CLASS B UNITS. The firm's website is not secure by modern internet standards. Get emails and phone number of Dorsey Asset Management employees. Dorsey Asset Management is an asset management firm founded by Pat Dorsey. Press question mark to learn the rest of the keyboard shortcuts. We concentrate our capital in a small number of high-quality businesses tha . One-month return of Brookfield Asset Management Ltd. (NYSE:BAM) was 17.63%, and year-to-date its shares gained 11.23% of their value. Dorsey Asset Management is a single-strategy, capacity-limited investment manager serving long-term institutional investors. "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Wix.com Ltd and bought 312,134 additional shares worth around $24 million. Since this is the Q3 were covering, and the Q4 is just around the corner, we can safely presume that these holdings would continue to be as profitable. Subscribe to WhaleWisdom to view all filing data Public Equity. This arrangement creates a conflict where the firm and its representatives may be incentivized to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. Pat Dorsey - The Moat Portfolio. What does this mean? 11 Jun 2018 Podcast with Pat Dorsey: The Moat Portfolio (Feb 2018) Checks take place monthly. We manage a single long-only equity strategy, concentrating our clients' capital in 10 - 15 competitively advantaged . What does this mean? This could also limit the number and diversity of investment options available and may impact their transferability. ADJ. This means they effectively own approximately 0.1% of the company. We incorporate all aspects of your financial life into our planning process. Government Enforcement & Corporate Investigations, Anchorage | Beijing | Boise | Costa Mesa | Dallas | Denver | Des Moines | Hong Kong | London | Minneapolis | Missoula | New York | Palo Alto | Phoenix| Salt Lake City | Seattle | Shanghai | Toronto | Vancouver | Washington, DC | Wilmington, Washington Capital Management Acquires Great Point Investors, View client achievements related to this practice, SEC Issues New Marketing Rule FAQ Regarding Performance Results of Case Studies, FTX Billions of Dollars to a Firm with No Controls. BRAYMEN, LAMBERT AND NOEL SECURITIES, LTD. 06 Sep 2019 Never Put Any Moat On A Pedestal - Interview with Pat Dorsey of Dorsey Asset Management. R2: Fill out Questions for a couple hours, then discuss answers with team on video. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. In total, Dorsey Wealth Management manages $0.0 in assets. The firm focuses on investments in the United States. dorsey asset management llc. Dorsey Asset Management, LLC had filed a previous 13F-HR on 2022-08-15 disclosing 1,878,181 shares of Wix.Com Ltd at a value of $123,115,000 USD. Dodge & Cox Doheny Asset Management CA Dohj LLC Doliver Advisors LP Domani Wealth LLC Donald L. Hagan LLC Donald Smith & CO. Inc. Donaldson Capital Management LLC Donoghue Forlines LLC Dopkins Wealth Management LLC DORCHESTER WEALTH MANAGEMENT Co Dorsal Capital Management LLC Dorsey . When completed, an email will be sent to the email address you specify AND CLASS B NON-CONV. Currently, Dorsey Asset Management's portfolio is worth at least $801 million. Dorsey Wealth Management manages $0.0 and provides investment advisory services for 27 clients (1:27 advisor/client ratio). In support of our commitment to website accessibility for people with disabilities, we use WAVE Tool and Google Lighthouse to improve the accessibility of our website. Operating as an online business, this site may be compensated through third party advertisers. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. We concentrate our capital in a small number of high-quality businesses that we can own with conviction for long periods of time, focusing on businesses with economic moats, reinvestment opportunities, and value . DORSEY ASSET MANAGEMENT IS A REGISTERED INVESTMENT ADVISER MANAGING A SINGLE CONCENTRATED GLOBAL EQUITY STRATEGY. You know exactly how much you are paying. The stock has a fifty day simple moving average of $47.31 and a two-hundred day simple moving average of $45.41. Website http://www.dorseyasset.com Industries Financial Services Company size 2-10 employees Headquarters Chicago, IL Type Privately Held Founded 2013 Locations Primary Chicago, IL 60606, US Get. Pat Dorsey is the founder of Dorsey Asset Management. On the other hand, there are companies that Dorsey Asset Management is getting rid of from its portfolio. Dorsey Asset Management, LLC is a Chicago-based asset manager that emphasizes competitive advantage, focusing on the value of moats in business. Create an account to follow your favorite communities and start taking part in conversations. Should I Hire a Financial Advisor or DIY It? Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Checks take place monthly. History Portfolio History Chart Pat Dorsey of Dorsey Asset Management makes the case for looking beyond the tech sector and dividing tech stocks into two groups: "problem-solvers" and "technology-creators." Q2 hedge fund letters, conference, scoops etc. What conflicts arise from this relationship? His son, Kevin, works as a research analyst at Dorsey Asset Management. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. D&B Business Directory HOME /BUSINESS DIRECTORY /ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Any data inaccuracies, please contact our team. All rights reserved. Several years ago he left Morningstar to form his own asset management firm, Dorsey asset management, and build a portfolio of companies with wide moats like those he studied at Morningstar. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. LIMITED PARTNER OF SUTTER HILL PARTNERS L.P. CHIEF INVESTMENT OFFICER, U.S. RETAIL & HIGH NET WORTH - CITIGROUP ASSET MGMT, TRUSTEE OF JUDITH D BON REVOCABLE LIVING TRUST, CHIEF INVESTMENT OFFICER AND SENIOR MANAGING DIRECTOR, MANAGING DIRECTOR AND SENIOR PORTFOLIO MANAGER, VICE PRESIDENT, DIRECT OWNER-COMMON & DIRECTOR, VICE PRESIDENT, DIRECT OWNER-PFD, & DIRECTOR, CHEIF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, MANAGING DIRECTOR/PRINCIPAL/COMPLIANCE OFFICER, CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, PRESIDENT, CHIEF INVESTMENT OFFICER; DIRECTOR, PRESIDENT; CHAIRMAN; DIRECTOR AND SHAREHOLDER, HOTCHKIS AND WILEY CAPITAL MANAGEMENT, LLC, PRESIDENT, CHIEF EXECUTIVE OFFICER, CHAIRMAN AND CHIEF COMPLIANCE OFFICER, CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, CEO, DIRECTOR, CCO FOR REGISTERED INVESTMENT ADVISORY FIRM ONLY. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Chicago. and a top 10 holdings concentration of 100.0%. Dorsey Asset Management's largest holding is Wix.com Ltd with shares held of 1,880,107. Number of stock: 10. Q3 hedge fund letters, conference, scoops etc One of the average hedge funds The two most similar investment funds to Dorsey Asset Management are Sc China Holding Ltd and American Assets Investment Management . Apply for Trusted badge. Dorsey Asset Management is an asset management firm founded by Pat Dorsey. What writing or interview of Pat Dorsey do you think is the best? 80.0% of the portfolio companies Email and Phone Finder Software; Free Email Verifier; Features. Our partners compensate us through paid advertising. Oct 2013 - Present9 years 4 months. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. He believes that capital allocation should be in service of . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. In the past year, the company's portfolio returned 12% net of fees. His areas of deep interest are competitive advantage and capital allocation. How do I update this listing? Last Name First Name Middle Name; Dorsey: Patrick: W. Street Address 1 Street Address 2; 980 N. Michigan Ave: Suite 1650: City . Dorsey Wealth Management cares about website accessibility for all people including those with disabilities. Which securities does your firm trade for itself that it will also be recommending to me? Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). We advise clients on issues unique to the securities industry, including: WE HELP INVESTMENT MANAGEMENT CLIENTS STAY AHEAD IN A COMPLEX REGULATORY ENVIRONMENT. What does this mean and why is it important? This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. the total portfolio value. All requests for updated information should also be reported directly to the SEC and/or FINRA. DOANUS41 swift code is the unique bank identifier for DORSEY ASSET MANAGEMENT 's head office branch located in CHICAGO,IL - UNITED STATES and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). Alt Turnover is calculated by taking either the total MV of new purchases or Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. DORSEY ASSET MANAGEMENT Overview Work Here? Dorsey is committed to providing disability and religious-based reasonable accommodations. Get the latest business insights from Dun & Bradstreet. [2]: Top 50 Dorsey Asset Management Holdings . You enjoy your career, but wouldn't it be nice to know you could retire whenever you wanted? In the past year, the companys portfolio returned 12% net of fees. We cover network effects in businesses, how Pat values a business, and how to evaluate a SaaS business. In the most recent 13F filing, Dorsey Asset Management revealed that it had increased its stake in FINRA data last verified January 03, 2023. SULLIVAN, MORRISSEY & MICKLE SECURITIES CORP. SULLIVAN,MORRISSEY & MICKLE CAPITAL MANAGEMENT CORP. CHAIRMAN, DIRECTOR, CHIEF COMPLIANCE OFFICER, FOLGER NOLAN FLEMING DOUGLAS INCORPORATED. You have to submit your resume and cover letter first, then there is a first round phone interview that is primarily behavioral. These fortunes are . to see more advanced email alert options such as selecting any type of Read through our introductory course to financial advisors. Dorsey Asset Management LLC - Company Profile and News - Bloomberg Markets Bloomberg the Company & Its Products Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to. You can view more information on Dorsey Asset Management including private fund info, contact info, top management and executives, website, email addresses, and more below: How does your firm approach insurance sales? 13F filing from DORSEY ASSET MANAGEMENT, LLC, enter your Firm or an affiliate actively engages in business as a law firm or lawyer. Firm can legally elect to accept commissions for their investment advisory services. CEO, DIRECTOR, CHIEF COMPLIANCE OFFICER FOR REGISTERED INVESTMENT ADVISORY FIRM ONLY, SCOTT INVESTMENT ADVISORS LIMITED PARTNERSHIP, LIMITED PARTNER, CALTIUS CAPITAL MANAGEMENT, LP, VICE PRESIDENT, SECRETARY, TRUSTEE OF THE 2002 BILECKI FAMILY TRUST DATED 8-27-02, TRUSTEE, PATRICIA'S TRUST UNDER THE KOCOUREK FAMILY TRUST DATED DECEMBER 31, 1994 (COMMON UNITS), WILLIAM A. PRIEBE AND LINDA J. PRIEBE, TRUSTEES, PRESIDENT - DIRECTOR-TRUSTEE OF DWAYNE CALTON TRUST, SHAREHOLDER / JTWORS WITH GEORGE G HARRINGTON, JR. Retire With ConfidenceSimplify Your Money Optimize Income. What does this mean and why is it important? tips_and_updates Financial Advisor Education. maybe i flushed it down the shitter. Stock Holdings page. According to a regulatory filing, Dorsey Asset Managements portfolio currently has a total value of at least $801 million. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds). For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean and why is it important? Claim your Free Employer Profile Website: www.dorseyasset.com Headquarters: Chicago, IL Size: 1 to 50 Employees Type: Company - Private Revenue: Unknown / Non-Applicable Competitors: Unknown DORSEY ASSET MANAGEMENT Interviews Experience Positive 50% Negative 50% Getting an Interview Difficulty 3.0 Average Why Dorsey prefers problem-solvers In his second-quarter letter to investors, which was reviewed by ValueWalk, We talk to you in plain English and eliminate unnecessary financial jargon. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. $799 Million Total portoflio value. Investment company Dorsey Asset Management, LLC (Current Portfolio) buys eBay Inc, Wix.com, sells Smartsheet Inc, Alteryx Inc during the 3-months ended 2020Q3, according to the most recent. Save my name, email, and website in this browser for the next time I comment. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. What does this mean and why is this important? Why does your firm believe in offering commission-based services to clients? Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. Several years ago, he left his job at Morningstar, where he was the head of equity research, to start Dorsey Asset Management his own investment management business. * Reported Price is the price of the security as of the portfolio date. What does this mean? DORSEY ASSET MANAGEMENT LLC: MANAGING MEMBER: direct: 2013-07-01: DORSEY ASSET MANAGEMENT LLC: PRESIDENT AND CHIEF COMPLIANCE OFFICER: direct: 2013-07-01: HARRIETT, MICHAEL, PATRICK: TRUSTEE HARRIETT FAMILY DECLARATION OF TRUST DATED DECEMBER 13, 2019: 12/01/2019: Indirect Other: Fund Name Position direct/indirect Is a new career or starting a business calling you? Dorsey Asset Management, LLC-Street Address 1 Street Address 2; 980 N. Michigan Ave: Suite 1650: City . With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. Pat Dorsey presented his in-depth investment thesis on Silverlake Axis (Singapore: SILV) at Wide-Moat Investing Summit 2015. Its portfolio has experienced a 22% CAGR over the past three years. Dorsey Asset Management is a hedge fund company based in Chicago, IL. Heres a table that showcases all of Pat Dorseys holdings. All of these holdings that been very important in making Pat Dorsey his millions. Tourlite just launched. Our clients include investment advisers, domestic and foreign broker-dealers, private equity funds, hedge funds, registered investment companies and their independent boards, structured product sponsors and other financial institutions. Put a plan in place so you can start the next chapter in your life. Our multidisciplinary team of lawyers leverages years of experience and deep knowledge of the industry and its many regulators, including the Securities and Exchange Commission (SEC), State . *SEC data last verified January 03, 2023. The main product is core banking systems, essentially the operating system for a bank. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. OriginalWhaleScore We are legally bound to put your best interest first and provide unbiased advice. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. For example, front-running is when a financial professional buys or sell securities ahead of their client. What does this mean? Wix.com Ltd makes up of stocks: 10 The latest superinvestor holdings Featured investment managers The latest updates to the top 5 holdings of superinvestors: View all Superinvestors Access to EDGAR filings Deep insights and reports on 1,301 investment advisers 11,304 Chrome Extension The two most similar investment funds to Dorsey Asset Management are Sc China Holding Ltd and American Assets Investment Management. He was Director of Equity Research for Morningstar from 2000 to 2011. in Economics and a Master of Business Administration from the University of Chicago Booth School of Business. Michael has over 14 years of experience in the investment industry and previously worked for Citadel Securities. Some firms receive these fees as payments, which creates an incentive to promote them. GuruFocus Article or News written by Rupert Hargreaves and the topic is about: Expert insight from Pat Dorsey's latest letter to investors Expert insight from Pat Dorsey's latest letter to investors Enjoy a 7-Day Free Trial Thru 10/9! What does this mean? What's your investment style? What does this mean? Yes or Stocks with a size of more than $10 billion in market cap make up Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. Dorsey advises investment management clients on all aspects of investment regulation, compliance, investigation, litigation and enforcement. The SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. 21250 Hawthorne Blvd., Suite 500 Torrance, CA 90503. He helped develop Morningstars competitive advantage framework and economic moat ratings. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. Looming Twitter interest payment leaves Elon Musk with A sluggish economy, but roaring industrials whats Why There (Probably) Wont Be a Recession This Year. Dorsey Asset Management closed its position in EBay on 15th August 2022. Hedge Fund Is your firm affiliated with a law firm in any capacity? Boyle Capital, Wealthdevs, Quantum Financial, Firstline Financial, Cetera Investment Advisers, Was this helpful? Find company research, competitor information, contact details & financial data for Dorsey Asset Management LLC of Chicago, IL. For further detail, see our articles on different types of advisors and financial advisor services. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Dorsey Asset Management Main Industry Business Services Website www.dorseyasset.com Contact Information Chicago, Illinois Office 150 N Wacker Dr Ste 960, Chicago, Illinois, 60606, United States (312) 982-2543 Chicago, Illinois Office 980 N Michigan Ave Ste 1650, Chicago, Illinois, 60611, United States (312) 233-2544 Pikesville, Maryland Office By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). 40% of the total holdings value. What does this mean? This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Dorsey Asset Management, LLC. SEC form, multiple filers or classes of filers, and much more.***. What does this mean? 23.9% He is a Chartered Financial Analyst (CFA). The average market cap of the portfolio companies is close to $85.3 billion. What does this mean? Questions to ask Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. This will schedule a job to export all requested 13f holdings data for this filer. RATE PFD. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. SHAREHOLDER OF CENTURION CAPITAL GROUP INC. DIRECTOR, SENIOR VICE PRESIDENT, ASSISTANT SECRETARY. Does your firm perform side-by-side management? ADJ. Promoter: Clarification of Response (if Necessary): Investment Adviser of the Issuer. Shares of FV stock opened at $48.04 on Friday.

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