DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP: LPL FINL HLDGS INC (LPLA): Quarterly 13F Position History
As of Q1 2026, DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP reported 893,006 shares of LPL FINL HLDGS INC (LPLA), worth $268.6M and representing 12.1% of its 13F equity book. Quarter-over-quarter share count change: + 110,000 (+14.0%) . The position first appeared in Q4 2021 and has been disclosed across 18 13F-HR filings in Pactolio's tracked window.
- 893,006Shares Held (Latest Filing)
- $268.6MReported Market Value (Latest Filing)
- 12.1%Portfolio Weight (% of 13F Equity Book)
- +110,000Quarter-over-Quarter Share Change
- -$11.0MQuarter-over-Quarter Value Change
- 1,560,945Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 18 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 893,006 | +110,000 | +14.0% | $268.6M | 12.1% | $300.8 |
| Q4 2025 | 783,006 | 2,731 | -0.3% | $279.7M | 11.2% | $357.2 |
| Q3 2025 | 785,737 | 0 | — | $261.4M | 8.8% | $332.7 |
| Q2 2025 | 785,737 | 185,000 | -19.1% | $294.6M | 9.4% | $375.0 |
| Q1 2025 | 970,737 | +32,383 | +3.5% | $317.6M | 10.6% | $327.1 |
| Q4 2024 | 938,354 | 161,382 | -14.7% | $306.4M | 11.4% | $326.5 |
| Q3 2024 | 1,099,736 | +316,446 | +40.4% | $255.8M | 10.4% | $232.6 |
| Q2 2024 | 783,290 | +68,276 | +9.5% | $218.8M | 10.7% | $279.3 |
| Q1 2024 | 715,014 | 0 | — | $188.9M | 10.8% | $264.2 |
| Q4 2023 | 715,014 | 7,603 | -1.1% | $162.8M | 9.4% | $227.6 |
| Q3 2023 | 722,617 | +17,149 | +2.4% | $171.7M | 10.6% | $237.7 |
| Q2 2023 | 705,468 | +52,202 | +8.0% | $153.4M | 10.5% | $217.4 |
| Q1 2023 | 653,266 | +54,272 | +9.1% | $132.2M | 9.9% | $202.4 |
| Q4 2022 | 598,994 | 65,361 | -9.8% | $129.5M | 11.8% | $216.2 |
| Q3 2022 | 664,355 | 239,511 | -26.5% | $145.1M | 12.0% | $218.5 |
| Q2 2022 | 903,866 | 657,079 | -42.1% | $166.7M | 12.9% | $184.5 |
| Q1 2022 | 1,560,945 | +634,322 | +68.5% | $298.0M | 10.9% | $190.9 |
| Q4 2021 | 926,623 | — | — | $148.3M | 9.9% | $160.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP first disclose a LPLA position in 13F-HR filings?
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP first reported LPL FINL HLDGS INC (LPLA) on its 13F-HR filing for the period ending 2021-12-31 (Q4 2021). The position has appeared on 18 reported quarters within Pactolio's tracked window.
What was DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP's most recent quarter-over-quarter share-count change in LPLA?
Between Q4 2025 and Q1 2026, DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP added 110,000 shares of LPLA (+14.0%), bringing the total reported position to 893,006 shares at a market value of $268.6M.
Does the implied price-per-share represent DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP's cost basis in LPLA?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.