Darsana Capital Partners LP

CIK 1609098 · View on SEC EDGAR ↗

Portfolio value
$22.3B
#280 of 9,443 by 13F value · top 3.0%
Positions
16
As of
June 30, 2026

Portfolio value QoQ: +374.1% 13F does not disclose cash

Top 10 holdings weight
95.37%
Top 25 holdings weight
100.00%
Positions above 1%
12
Effective number of positions
1.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.04% Est. buys $18,329,057,944 · sells $678,940,757

Median holding: 5.5 quarters Tracked Q4 2024–Q2 2026 · 72.7% still held

New positions
3
Increased
5
Decreased
4
Closed
1
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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+35.2%
S&P 500 total return (same window)
+28.1%
Excess return
+7.1%

Annualized: +22.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Communication Services
8.2%
Retail
4.2%
Healthcare
4.1%
Technology
2.1%
Industrials
1.4%
Consumer Discretionary
1.2%
Financial Services
0.9%
Other/Unmapped
77.8%

Full portfolio 16 positions

Type Streak 8Q trend
Unknown issuer (CUSIP: 84615Q103) $17,335,782,797 77.85% 101,461,915 Up ×1
AMZN Amazon.com, Inc. - Common Stock $595,850,000 2.68% 2,500,000 Up ×1
SATS EchoStar Corporation - Common stock $507,500,000 2.28% 5,000,000 $-311,990,000 Down ×1
SHC Sotera Health Company - Common Stock $479,250,000 2.15% 27,000,000 $106,410,000 Up ×1
GWRE Guidewire Software, Inc. Common Stock $468,082,200 2.10% 3,804,000 $-130,157,800 Down ×1
HCA HCA Healthcare, Inc. Common Stock $428,879,000 1.93% 1,100,000 $73,949,000 Up ×1
FWONK Liberty Media Corporation - Series C Liberty Formula One Common Stock $409,102,000 1.84% 4,300,000 $43,516,000
NYT New York Times Company (The) Common Stock $349,900,000 1.57% 5,000,000 $-71,992,612 Down ×3
DKS Dick's Sporting Goods Inc Common Stock $340,215,000 1.53% 1,500,000 $67,566,250 Up ×2
WMG Warner Music Group Corp. - Class A Common Stock $323,302,397 1.45% 11,943,199 $20,653,397 Up ×3
WING Wingstop Inc. - Common Stock $260,115,000 1.17% 1,500,000 $66,402,500 Up ×3
EFX Equifax, Inc. Common Stock $238,080,000 1.07% 1,500,000 $-32,025,000
SCHW Charles Schwab Corporation (The) Common Stock $207,607,500 0.93% 2,250,000 $-3,847,500
META Meta Platforms, Inc. - Class A Common Stock $168,987,000 0.76% 300,000 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $81,999,427 0.37% 244,906 $-168,580,573 Down ×2
FWONA Liberty Media Corporation - Series A Liberty Formula One Common Stock $74,409,000 0.33% 850,000 $8,041,000

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
WMG $323,302,397 1.45% up ×3
WING $260,115,000 1.17% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 84615Q103) $17,335,782,797 101,461,915 77.85%
AMZN $595,850,000 2,500,000 2.68%
META $168,987,000 300,000 0.76%

Top movers (QoQ)

Security Action Shares Δ Value Δ
SATS Trimmed -2.0M -$312.0M
VRT Trimmed -755K -$168.6M
GWRE Trimmed -196K -$130.2M
SHC Bought more +1.0M +$106.4M
HCA Bought more +350K +$73.9M
NYT Trimmed -39K -$72.0M
DKS Bought more +125K +$67.6M
WING Bought more +250K +$66.4M
FWONK Price move only +0 +$43.5M
EFX Price move only +0 -$32.0M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
GOOGL March 31, 2025 1,500,000 $283,950,000 121.2%
STZ March 31, 2025 1,250,000 $276,250,000 -26.8%
TDG March 31, 2026 200,000 $265,970,000 3.3%
SGI June 30, 2026 2,655,469 $196,292,268 -17.4%
HLT Sept. 30, 2025 500,000 $133,170,000 27.4%
AER March 31, 2026 475,000 $68,286,000 7.0%