Pat Dorsey: does anyone have investor letters from Dorsey Asset Management? First Trust Dorsey Wright Focus 5 ETF Trading Up 0.3 %. 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 Pat Dorsey owns his own asset management company, Dorsey Asset Management and previously ran equity research at Morningstar. 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. They manage Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. For example, front-running is when a financial professional buys or sell securities ahead of their client. After years of working you have decided it is time to retire. Next there is a second round in-person interview. 00:00:00. 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. 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. Other than Facebook, we see his holdings in Smartsheet, Wix, eBay, PayPal, Upwork, and Google. What does this mean? Questions to ask What does this mean and why is this important? The total portfolio value may be much higher due to cash Alt Turnover is calculated by taking either the total MV of new purchases or Does your firm perform side-by-side management? What does this mean and why is it important? Dorsey Asset Management Interviews Summer Analyst Summer Analyst Status: Intern at Dorsey Asset Management Group/Division/Type: Generalist City: Chicago, IL 60606 United States Interviewed: February 2021 Overall experience Positive Difficulty Average General Interview Information Outcome No Offer Interview Source Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Pat Dorsey - The Moat Portfolio. Retire With ConfidenceSimplify Your Money Optimize Income. Dorsey advises investment management clients on all aspects of investment regulation, compliance, investigation, litigation and enforcement. Portfolio value: $785M+ Period: 2022 Q3. 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. You enjoy your career, but wouldn't it be nice to know you could retire whenever you wanted? Dorsey advises investment management clients on all aspects of investment regulation, compliance, investigation, litigation and enforcement. How many times did it occur? 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. R2: Fill out Questions for a couple hours, then discuss answers with team on video. We concentrate our capital in a small number of high-quality businesses tha . Dorsey Asset Management, LLC is incorporated in the state of Illinois. 10 ggg479 5 yr. ago Why the hate for Dorsey? 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. Portfolio holdings of Pat Dorsey - Dorsey Asset Management. This situation may lead the firm or a related person to recommend proprietary investments and products that could generate larger commissions than other similar non-proprietary products. A Self-Regulatory Organization 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. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. Investor.com is your trustworthy guide to the world of personal finance. Create Email Alert, ***Log In or Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. He was Director of Equity Research for Morningstar from 2000 to 2011. What percentage of income does your firm receive from fees versus commissions? Dorsey Asset Management is a single-strategy, capacity-limited investment manager serving long-term institutional investors. What writing or interview of Pat Dorsey do you think is the best? You know exactly how much you are paying. Pat Dorsey: I was director of equity research at Morningstar for about ten years. Will any of my assets be invested in those products? DORSEY ASSET MANAGEMENT interview details: 1 interview questions and 1 interview reviews posted anonymously by DORSEY ASSET MANAGEMENT interview candidates. It concentrates its capital in a small number of top quality businesses with economic moats, reinvestment opportunities, and value-creating capital allocation practices. 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. This means they effectively own approximately 0.1% of the company. Industry leaders and successful companies turn to Dorsey for the edge they need to succeed in a highly competitive world. On January 13, 2023, Brookfield Asset Management Ltd. (NYSE:BAM) stock closed at $31.89 per share. Equal-WTWhaleScore 2.0 . Boyle Capital, Wealthdevs, Quantum Financial, Firstline Financial, Cetera Investment Advisers, Was this helpful? Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Percentage of Dorsey Asset Management's 13F Portfolio: 9.1%. Pat ran equity research at Morningstar before leaving to start his own asset management company: Dorsey Asset Management. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Pat Dorsey is the founding member of Dorsey Asset Management, an equity strategy company that enables its clients to have their businesses increase their compound shareholder value to more than average rates. You must have a subscription to view WhaleScore histories. The firm manages an asset portfolio worth $801 million and invests across five sectors. And while moats are critical, equally important is how companies allocate the capital generated-or made possible-by the existence of the moat. Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. UNTERBERG, TOWBIN (A CALIFORNIA LIMITED PARTNERSHIP), VP., TRES., SEC., ,CHIEF OPERATING OFFICER. When? View Last Form Adv Compilation Report on Record, https://www.linkedin.com/company/dorsey-asset-management/. How do we make money? 5 5 5 comments Best Add a Comment [deleted] 5 yr. ago let me check my garbage can. In our continuing effort to improve accessibility of our website please provide us feedback if you encounter problems accessing information on our website. 13F filing from DORSEY ASSET MANAGEMENT, LLC, enter your Heres a table that showcases all of Pat Dorseys holdings. Stock Holdings page. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. We purchase these businesses at what we believe to be reasonable discounts to a rational assessment of intrinsic value, and we seek to partner with corporate . SEC CIK #0001671657. Overview. Close. 03 Jan 2020 Dorsey Asset Management: Maximizing Moats - Reinvestment Runways & Capital Allocation. Ashok Elluswamy, the company's director of autopilot software, testified in July that the video showed the Model X performing actions it was not programmed to perform, like stopping at red lights and accelerating at green . Portfolio value: $785,962,000. TAYLOR, COTTRILL, ERICKSON AND ASSOCIATES, INC. HARTFORD INVESTMENT FINANCIAL SERVICES COMPANY, SENIOR VICE PRESIDENT & DIRECTOR- INVESTMENTS & DIRECTOR, PRESIDENT, DIRECT OWNER-COMMON & DIRECTOR, DIRECTOR, TREASURER & CHIEF FINANCIAL OFFICER, DIRECTOR, EXECUTIVE VICE PRESIDENT - FINANCE, SUNTRUST EQUITABLE SECURITIES CORPORATION, 100% SHAREHOLDER OF UNITED ASSET MANAGEMENT UK HOLDINGS LIMITED, UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER, EXECUTIVE VICE PRESIDENT, DIRECTOR OF UPG. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. 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 IS A REGISTERED INVESTMENT ADVISER MANAGING A SINGLE CONCENTRATED GLOBAL EQUITY STRATEGY. ADJ. Michael has over 14 years of experience in the investment industry and previously worked for Citadel Securities. Portfolio Period: Q3 13F Filing of 2022, Pat Dorsey Portfolio Value: $785.96 Million. He helped develop Morningstars competitive advantage framework and economic moat ratings. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Stocks with a size of more than $10 billion in market cap make up Save my name, email, and website in this browser for the next time I comment. Dorsey Asset Management, LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.. It sold the previously owned 1,292,392 shares for $74 million. Should I Hire a Financial Advisor or DIY It? Dorsey Wealth Management cares about website accessibility for all people including those with disabilities. 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. 310-370-7776 Read through our introductory course to financial advisors. Regarding revenue, Disney . 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! Read more Financial Services Headquarters Chicago, Illinois, United States, Contact Unlock contact Linkedin Company Size 0 - 9 Stock Symbol N/A for DORSEY ASSET MANAGEMENT, LLC, Top 20 equal-weighted holdings. Operating as an online business, this site may be compensated through third party advertisers. Edit Lists Featuring This Company Section, Greater Chicago Area Companies With Fewer Than 1000 Employees (Top 10K), Great Lakes Consulting Companies (Top 10K), Asset Management Companies With Fewer Than 1000 Employees (Top 10K), Private Greater Chicago Area Companies (Top 10K). Dorsey Asset Management 150 NORTH WACKER DR. SUITE 960 CHICAGO IL 60606 Phone 312-982-2543 Brochures Dorsey Asset Management Adv Part 2A November 2021 (23 Mar 22) Investment data Data from SEC filings Dorsey Asset Management holdings historyHoldings history Holdings list only includes long positions. Get emails and phone number of Dorsey Asset Management employees. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? What does this mean? While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Our investment universe is limited to businesses with sustainable competitive advantages, or "economic moats." Last Name First Name Middle Name; Dorsey: Patrick: W. Street Address 1 Street Address 2; 980 N. Michigan Ave: Suite 1650: City . What does this mean and why is it important? Pat Dorsey, founder of Dorsey Asset Management and the Author of the books, The Five Rules for Successful Stock Investing, and The Little Book that Builds Wealt. Does your fim accept soft-dollar benefits? Performance Point is, the most read letters on here follow the style that is working (which was concentrated, levered beta) and dunking on those that are out of favor (Greenlight has been popular every quarter, for example). of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year. Hedge Fund Which securities does your firm trade for itself that it will also be recommending to me? Is your firm a broker-dealer or are you affiliated with one? The firm invests globally and eschews short selling, using leverage, or hedge currency exposure. As a small boutique firm, you get the personalized attention you need. Location: These conflicts can negatively impact clients via hidden fees and overall higher costs. R1: 10 min interview on video. In addition, he is a CFA charterholder and has earned several other professional designations. What does this mean? This could also limit the number and diversity of investment options available and may impact their transferability. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Its portfolio has experienced a 22% CAGR over the past three years. DNB Asset Management AS Dock Street Asset Management Inc. Questions to ask Q3 hedge fund letters, conference, scoops etc The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. This will schedule a job to export all requested 13f holdings data for this filer. No. What does this mean? $801 million and $801 million respectively. In the past year, the companys portfolio returned 12% net of fees. Download 13F Summary 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. What does this mean? Dorsey Asset Management's largest holding is Wix.com Ltd with shares held of 1,880,107. 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. maybe i flushed it down the shitter. The largest investments include Wix.com Ltd and Meta Platforms Inc, together worth $245 million. We provide comprehensive advice on securities regulatory matters, domestic and offshore private fund formation and international and domestic tax structuring and reporting. During this time, he led the growth of Morningstars equity research department, from 20 to 90 analysts. 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. Oct 2013 - Present9 years 4 months. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $39.45 and a 52-week high of $50.60. For further detail, see our articles on different types of advisors and financial advisor services. Terms of Use | Disclaimers | Privacy Policy. SHAREHOLDER OF CENTURION CAPITAL GROUP INC. DIRECTOR, SENIOR VICE PRESIDENT, ASSISTANT SECRETARY. Will any of my assets be invested in those products? Its portfolio has experienced a 22% CAGR over the past three years. As a Certified B Corporation, our focus is simple: people before profits. 130.33% 1Y 3Y 5Y 10Y. Only 23% of U.S. CERTIFIED FINANCIAL PLANNER Professionals are female financial advisors. 23.9% D&B Business Directory HOME /BUSINESS DIRECTORY /ADMINISTRATIVE AND SUPPORT AND WASTE MANAGEMENT AND REMEDIATION SERVICES See what your favorite investment managers' bought and sold in the latest quarter (13-F) and in real-time (13-DG). Some firms receive these fees as payments, which creates an incentive to promote them. Why Dorsey prefers problem-solvers In his second-quarter letter to investors, which was reviewed by ValueWalk, In the past year, the company's portfolio returned 12% net of fees. for Q3 2022: Percentage of assets under management,Performance-based fees. A self-regulatory organization or commodities exchange has found firm or an advisory affiliate to have been involved in a violation of its rules. My guest this week, back for a second conversation, is Pat Dorsey. Questions to ask In addition, Andrea Martyn serves as Operations Associate at Dorsey Asset Management. Aspects of investment regulation, compliance, investigation, litigation and enforcement other professional designations domestic and private! Financial Advisor or DIY it: percentage of assets under Management, performance-based fees, or hedge currency exposure income. Of investment options available and may be subject to compensation-related conflicts of interest manages an portfolio! 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