Darsana Capital Partners LP 13F: Quarter-over-Quarter Portfolio Changes
Darsana Capital Partners LP reported a disclosed portfolio value of approximately $4.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 6.4% quarter on quarter. Over the quarter, the fund bought more shares in 7 holdings, trimmed 4 holdings, and exited 2 positions.
Darsana Capital Partners LP's top buy was Dick's Sporting Goods INC (DKS) . The fund bought 175.0% more shares, lifting the position's portfolio weight by 3.8 percentage points. Its top sell was Transdigm Group INC (TDG) . The fund exited the position completely after it had accounted for 5.3% of the previous portfolio.
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| DICK'S SPORTING GOODS INC | DKS | +3.8% | +175.0% | History → |
| GUIDEWIRE SOFTWARE INC | GWRE | +2.7% | +60.0% | History → |
| EQUIFAX INC | EFX | +1.4% | +50.0% | History → |
| WARNER MUSIC GROUP CORP | WMG | +1.6% | +48.1% | History → |
| WINGSTOP INC | WING | +-0.6% | +25.0% | Holders → |
| LIBERTY MEDIA CORP DEL | FWONK | +0.7% | +19.4% | History → |
| LIBERTY MEDIA CORP DEL | FWONA | +-0.0% | +4.6% | Holders → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| NEW YORK TIMES CO MTN BE | NYT | -1.6% | 34.2% | History → |
| VERTIV HOLDINGS CO | VRT | 0.5% | 33.3% | History → |
| HCA HEALTHCARE INC | HCA | -1.7% | 25.0% | History → |
| SOMNIGROUP INTERNATIONAL INC | SGI | -1.2% | 11.5% | Holders → |
Full ExitsQ1 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 | 5.3% |
| AERCAP HOLDINGS NV | AER | 1.4% |
Net Portfolio Value ChangeQ1 2026
- $5.0BPrior quarter
- $4.7BCurrent quarter
- $-0.3BNet delta
- -6.4%% change
Methodology & FAQ
How Darsana Capital Partners LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Darsana Capital Partners LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Darsana Capital Partners LP buy in Q1 2026?
In Q1 2026, Darsana Capital Partners LP bought more shares of DICK'S SPORTING GOODS INC (DKS), GUIDEWIRE SOFTWARE INC (GWRE), EQUIFAX INC (EFX), WARNER MUSIC GROUP CORP (WMG), WINGSTOP INC (WING) — the largest 5 of 7 adds.
What stocks did Darsana Capital Partners LP sell in Q1 2026?
In Q1 2026, Darsana Capital Partners LP fully sold 2 positions (TRANSDIGM GROUP INC (TDG), AERCAP HOLDINGS NV (AER)); reduced holdings in NEW YORK TIMES CO MTN BE (NYT), VERTIV HOLDINGS CO (VRT), HCA HEALTHCARE INC (HCA), SOMNIGROUP INTERNATIONAL INC (SGI).
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?
Of 7 existing positions with share-count increases in Q1 2026, the largest were: DICK'S SPORTING GOODS INC (DKS, +3.8% weight, +175.0% shares), GUIDEWIRE SOFTWARE INC (GWRE, +2.7% weight, +60.0% shares), EQUIFAX INC (EFX, +1.4% weight, +50.0% shares), WARNER MUSIC GROUP CORP (WMG, +1.6% weight, +48.1% shares), WINGSTOP INC (WING, +-0.6% weight, +25.0% shares), LIBERTY MEDIA CORP DEL (FWONK, +0.7% weight, +19.4% shares), LIBERTY MEDIA CORP DEL (FWONA, +-0.0% weight, +4.6% 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 5.3%), AERCAP HOLDINGS NV (AER, last-reported weight 1.4%).
Which existing positions saw the largest allocation reductions for Darsana Capital Partners LP in Q1 2026?
Of 4 existing positions with share-count reductions in Q1 2026, the largest were: NEW YORK TIMES CO MTN BE (NYT, -1.6% weight, -34.2% shares), VERTIV HOLDINGS CO (VRT, 0.5% weight, -33.3% shares), HCA HEALTHCARE INC (HCA, -1.7% weight, -25.0% shares), SOMNIGROUP INTERNATIONAL INC (SGI, -1.2% weight, -11.5% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.