Pat Dorsey Portfolio Analysis (December 31, 2021)

Famous superinvestor, Pat Dorsey, revealed in a recent regulatory filing his newest positions.  In Pat Dorsey portfolio 2021 analysis, we will go into more detail about top 5 stocks this superinvestor had as of December 31, 2021.

Dorsey manages his investments via his fund, Dorsey Asset Management, which holds about $1.2 billion according to the latest available 13F filling. Click here for the latest available 13F filling.

The most notable stocks in Pat Dorsey’s Q4 portfolio include Wix Com Ltd, Smartsheet Inc, Meta Platforms Inc, Paypal Hldgs Inc and Disney Walt Co. In addition to others mentioned in detail below.

We used the Q4 portfolio of Pat Dorsey’s Dorsey Asset Management to select his top 5 value stocks. We ranked the securities according to Dorsey’s stake value in each holding.

Summary

• Pat Dorsey’s top 5 securities make up 73.4% of the entire portfolio.
• Dorsey Asset Management owns position in 10 holdings, managing approximately $1.2 billion.
• Wix Com Ltd, Dorsey’s largest holding, makes up 20.0% of the total portfolio.

Wix Com Ltd (WIX)

Dorsey Asset Management’s stake value: $234.3 Million

Percentage of Dorsey Asset Management’s 13F Portfolio: 20.0%

Wix.com Ltd does business in Custom Computer Programming Services industry has 3869 employees. Current CEO is Avishai Abrahami.

As of February 14, 2022 Wix Com Ltd had a market cap of $6.499 Million. Analysts predicted 1 year target price of $223.89 that exceeds the current price of $122.52 for 82.7%. Looking at revenue, Wix Com Ltd generated significant amount of revenue, $988 million in 2020, surging by 29.8% in comparison to 2019 when it was $761 million. Net income surged according to the latest fillings, jumping in 2020 by around 91.1% adding up to total of $-165.154 million.

Wix is leading the way with a cloud-based website development platform for over 189 million registered users worldwide today. The Wix
 website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute.

Smartsheet Inc (SMAR)

Dorsey Asset Management’s stake value: $217.3 Million

Percentage of Dorsey Asset Management’s 13F Portfolio: 18.5%

Smartsheet Inc does business in Software Publishersindustry, which is Information sector and has 1915 employees. Current CEO is Mark Mader.

As of February 14, 2022 Smartsheet Inc had a market cap of $7.826 Million. Analysts predicted 1 year target price of $92.07 that exceeds the current price of $65.0 for 41.6%. Looking at revenue, Smartsheet Inc generated significant amount of revenue, $385 million in 2021, surging by 42.6% in comparison to 2020 when it was $270 million. Net income was much higher than previous year, increasing by 19.8% in 2021 coming up to $-114.979 million.

Smartsheet is the enterprise platform for dynamic work. By aligning people and technology so organizations can move faster and drive innovation.

Meta Platforms Inc (FB)

Dorsey Asset Management’s stake value: $194.4 Million

Percentage of Dorsey Asset Management’s 13F Portfolio: 16.6%

Meta Platforms Inc does business in Data Processing, Hosting, and Related Servicesindustry, which is Information sector and has 58604 employees. Current CEO is Mark Zuckerberg.

As of February 14, 2022 Meta Platforms Inc had a market cap of $594.336 Million. Analysts predicted 1 year target price of $338.69 that exceeds the current price of $228.46 for 48.2%. Trailing twelve months P/E ratio is currently 15.86 making it a slightly cheaper stock than the rest of the S&P500 index. Looking at revenue, Meta Platforms Inc generated significant amount of revenue, $117929 million in 2021, surging by 37.2% in comparison to 2020 when it was $85965 million. Net income surged according to the latest fillings, jumping in 2021 by around 35.1% adding up to total of $39370.0 million. Besides, profit margin, which levels at 33.4%, shows an improvement, comparing to the previous years.

Paypal Hldgs Inc (PYPL)

Dorsey Asset Management’s stake value: $107.7 Million

Percentage of Dorsey Asset Management’s 13F Portfolio: 9.2%

PayPal Holdings Inc does business in Data Processing, Hosting, and Related Servicesindustry, which is Information sector and has 26500 employees. Current CEO is Daniel Schulman.

As of February 14, 2022 Paypal Hldgs Inc had a market cap of $132.259 Million. Analysts predicted 1 year target price of $189.32 that exceeds the current price of $119.65 for 58.2%. Trailing twelve months P/E ratio is currently 32.26 making it a slightly more expensive stock than the rest of the S&P500 index. If we look at revenue, Paypal Hldgs Inc generated high $25371 million revenue in 2021 which is a considerable increase of 18.3% compared to 2020 when it was $21454 million. Net income was slightly lower than previous year, lowering in 2021 by -0.8% and amounting to $4169.0 million. Besides, profit margin, which levels at 16.4%, shows an improvement, comparing to the previous years.

PayPal has remained at the forefront of the digital payment revolution for more than 20 years.

Disney Walt Co (DIS)

Dorsey Asset Management’s stake value: $106.1 Million

Percentage of Dorsey Asset Management’s 13F Portfolio: 9.1%

As of February 14, 2022 Disney Walt Co had a market cap of $271.943 Million. Trailing twelve months P/E ratio is currently 88.75 making it overly expensive stock than the rest of the S&P500 index. Regarding revenue, Disney Walt Co generated $67418 million revenue in 2021, mildly increasing of 3.1% in contrast to 2020 when it was $65388 million. Net income dropped according to the latest fillings, sinking in 2021 by around -169.7% totalling $1995.0 million. Lastly, the profit margin, according to the last 10-F stands at 3.0%, has significantly deteriorated in comparison to the company’s previous years of operation.

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise.

Conclusion

To conclude, here is the list of the top 5 holdings and most recent financial indicators of these positions as of February 14, 2022.

Stock	% of portfolio	Market Cap (USD)	P/E	Net earnings (USDm)	Net earnings y/y	Profit margin
Wix Com Ltd (WIX)	20.0%	6.499B	nan	-165	91.1%	-16.7%
Smartsheet Inc (SMAR)	18.5%	7.826B	nan	-114	19.8%	-29.9%
Meta Platforms Inc (FB)	16.6%	594.336B	15.9	39370	35.1%	33.4%
Paypal Hldgs Inc (PYPL)	9.2%	132.259B	32.3	4169	-0.8%	16.4%
Disney Walt Co (DIS)	9.1%	271.943B	88.8	1995	-169.7%	3.0%

Canadians can find the above stocks on Questrade.

Other investors can use Interactive Brokers or eToro.

Disclosure & Disclaimer: Please take into consideration that this is not financial, investing, or tax advice. The information on this website is for informational and recreational purposes only. Before any financial decision do your own due diligence. Some of the links are affiliates, and I may earn a small commission when you make a purchase through them at no additional cost to you.