Darsana Capital Partners LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Darsana Capital Partners LP increased allocation to 7 existing positions, trimmed 4 positions, and exited 2 positions entirely. The fund's 13F equity book declined from $5.02B to $4.70B (-6.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $5.02BPrior quarter
- $4.70BCurrent quarter
- $-0.32BNet delta
- -6.4%% change
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| DICKS SPORTING GOODS INC | DKS | +3.83% | +175.00% | History → |
| GUIDEWIRE SOFTWARE INC | GWRE | +2.72% | +60.00% | History → |
| EQUIFAX INC | EFX | +1.43% | +50.00% | History → |
| WARNER MUSIC GROUP CORP | WMG | +1.55% | +48.12% | History → |
| WINGSTOP INC | WING | +-0.63% | +25.00% | Holders → |
| LIBERTY MEDIA CORP DEL | FWONK | +0.72% | +19.44% | History → |
| LIBERTY MEDIA CORP DEL | FWONA | +-0.03% | +4.58% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| NEW YORK TIMES CO/THE | NYT | -1.61% | -34.21% | History → |
| VERTIV HOLDINGS CO | VRT | 0.49% | -33.33% | History → |
| HCA HEALTHCARE INC | HCA | -1.75% | -25.00% | History → |
| SOMNIGROUP INTERNATIONAL INC | SGI | -1.16% | -11.48% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| TRANSDIGM GROUP INC | TDG | 5.30% |
| AERCAP HOLDINGS NV | AER | 1.36% |
Methodology & FAQ
How Darsana Capital Partners LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Darsana Capital Partners LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Darsana Capital Partners LP initiate in Q1 2026?
Darsana Capital Partners LP established no new positions in Q1 2026.
Which existing positions saw the largest allocation increases for Darsana Capital Partners LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: DICKS SPORTING GOODS INC (DKS, +3.83% weight, +175.00% shares), GUIDEWIRE SOFTWARE INC (GWRE, +2.72% weight, +60.00% shares), EQUIFAX INC (EFX, +1.43% weight, +50.00% shares), WARNER MUSIC GROUP CORP (WMG, +1.55% weight, +48.12% shares), WINGSTOP INC (WING, +-0.63% weight, +25.00% shares), LIBERTY MEDIA CORP DEL (FWONK, +0.72% weight, +19.44% shares), LIBERTY MEDIA CORP DEL (FWONA, +-0.03% weight, +4.58% shares).
Which positions did Darsana Capital Partners LP fully exit in Q1 2026?
Darsana Capital Partners LP fully exited 2 positions in Q1 2026: TRANSDIGM GROUP INC (TDG, last-reported weight 5.30%), AERCAP HOLDINGS NV (AER, last-reported weight 1.36%).
Which existing positions saw the largest allocation reductions for Darsana Capital Partners LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: NEW YORK TIMES CO/THE (NYT, -1.61% weight, -34.21% shares), VERTIV HOLDINGS CO (VRT, 0.49% weight, -33.33% shares), HCA HEALTHCARE INC (HCA, -1.75% weight, -25.00% shares), SOMNIGROUP INTERNATIONAL INC (SGI, -1.16% weight, -11.48% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.