What smart money is saying about Dolby Laboratories
1 fund in our archive has pitched Dolby Laboratories, most recently Aristotle Small Mid Cap Equity in June 2025.
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV, transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications.; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, an digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and a range of media devices. Its audio technologies also include Dolby Digital, a digital audio coding technology that provides multichannel sound to applications; Dolby Digital Plus, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; Dolby Voice, an audio conferencing technology; and HEVC, a digital video codec with high bandwidth efficiency to support for media devices. In addition, the company designs and manufactures digital cinema servers, cinema processors, amplifiers, loudspeakers, hardware components, video conferencing solutions, and other products for the cinema, television, broadcast, communication, and entertainment industries. Further, it offers various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.
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Position history
Between Q2 2025 and Q2 2026, 3 fund letters reported a position in Dolby Laboratories, with 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 2 | 0 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 2 moves
- June 2026
“Although Dolby is insulated by their unique IP licensing business model (where they benefit from higher product prices), total industry growth has been disappointing, and this has filtered into a below- expectations growth forecast. We continue to maintain a position but are closely monitoring the situation.”
Dolby Laboratories - June 2026
“We first invested in Dolby Laboratories, the creator and licensor of audio and imaging technologies, in the first quarter of 2022. We were attracted to Dolby’s asset-light licensing model, trusted brand, strong intellectual property portfolio, and deep Buys Sells Techtronic Industries Danaher Wal-Mart de Mexico Dolby Laboratories Tokyo CenturyFOR FINANCIAL ADVISOR USE ONLY – NOT FOR PUBLIC DISTRIBUTION 5 | Aristotle Capital Management, LLC Quarterly Commentary – Global Equity Advisory relationships with both content creators and device makers. We believed Dolby would benefit from the growing demand for more immersive entertainment experiences, allowing the company to extend its technology into new use cases. During our ownership, Dolby executed well in several respects: increasing adoption across content and devices, expanding into newer end markets such as autos and gaming, adding to its patent portfolio, and maintaining the high-margin, cash-generative financial profile that first attracted us. However, adoption has not translated into the level of earnings growth we initially expected. As a result, while we continue to view Dolby as a high-quality franchise and will monitor its monetization efforts, we believe the remaining catalysts lack the visibility and timing we require, and exited the position.”
Dolby Laboratories - June 2026
“During the quarter, we sold our positions in Danaher, Dolby Laboratories, and Tokyo Century and purchased Techtronic Industries and Wal-Mart de Mexico.”
Dolby Laboratories
Fund coverage · 1 thesis
- Aristotle Small Mid Cap EquityJune 2025
Dolby Laboratories is poised to capitalize on its Atmos and Vision technologies in traditional markets and the automotive industry, enhancing its margin potential.
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