# Dorsal Capital Management

Dorsal Capital Management is a Hedge Fund Manager based in Redwood City, United States.

## Overview

- **Organization type:** Hedge Fund Manager
- **Headquarters:** Redwood City, United States
- **Region:** North America
- **Address:** Redwood City, CA, United States
- **Founded:** 2013
- **Assets under management:** $2.5B - $3.5B (Altss estimate)
- **Website:** dorsalcap.com
- **LinkedIn:** https://www.linkedin.com/company/dorsal-capital-management

## Regulatory record

- **CRD number:** 160224
- **SEC file number:** 801-73078
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160224

## About

Dorsal Capital Management is an SEC-registered investment adviser in Redwood City, CA, registered since 2012. The firm manages $6.2 billion in assets. It has 16 employees and 12 investment advisers.

## Sectors

- Technology, Media & Telecom
- Consumer
- Healthcare

## Offices

- New York, NY

## People

- Ryan Frick — Founder, Portfolio Manager

## Questions

### Who runs investment decisions at Dorsal Capital Management?

Ryan Frick, the firm's founder, serves as the sole Portfolio Manager and retains final authority over every position in the portfolio. He built Dorsal after a decade as an analyst and portfolio manager at SAC Capital Advisors, where he ran a concentrated technology-focused book. His structure as a centralized, single-PM decision-maker distinguishes Dorsal from the multi-manager platform firms that have come to dominate the hedge-fund industry.

### What is Dorsal Capital's connection to SAC Capital?

Dorsal is a direct legacy of SAC Capital's investment culture. Founder Ryan Frick spent his entire pre-Dorsal career at SAC, where he internalized the firm's model of concentrated fundamental bets paired with rigorous risk management. Dorsal replicates this approach as an independent entity, though unlike SAC's multi-pod structure, Frick runs a single centralized portfolio with final authority over all investment decisions.

### Does Dorsal Capital invest in private companies or only public markets?

Dorsal operates exclusively in public equities and equity-linked instruments. The firm does not maintain a private-investment allocation, nor does it participate in venture funding rounds, SPVs, or co-investment vehicles alongside private equity sponsors. Its mandate is a classic long/short public-equity strategy concentrated in US-listed securities.

### Which sectors does Dorsal Capital typically target?

The firm concentrates its portfolio across technology, media, telecom, consumer, and healthcare. Public filings consistently show large-cap technology names as the dominant weighting, with Amazon, Meta Platforms, and Microsoft appearing as major recurring positions. The firm has maintained a pronounced overweight to the semiconductor and AI infrastructure theme in recent quarters.

### How is Dorsal Capital structured compared to a multi-manager platform?

Dorsal uses a centralized single-book structure, where Ryan Frick retains final investment authority over the entire portfolio. This contrasts with multi-manager platforms like Citadel, Millennium, or Point72, which allocate capital across dozens of independent PM pods. Dorsal's structure eliminates the cross-leverage and correlation risks inherent in platform models, while preserving the concentrated, high-conviction posture Frick practiced at SAC.

### What is Dorsal Capital's known posture on co-investments alongside external managers?

Dorsal does not engage in co-investment activity. As a pure public-markets long/short equity manager, the firm's investment strategy is limited to directly held equity and equity-linked instruments. It does not participate in club deals, side pockets, or co-investment vehicles alongside private equity sponsors or other hedge funds.

## Related profiles

- [CrescendoAI](https://altss.com/profile/crescendoai-inc)
- [Mitratech Holdings](https://altss.com/profile/mitratech-holdings)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/dorsal-capital-management

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