Darsana Capital Partners LP: HCA HEALTHCARE INC (HCA): Quarterly 13F Position History
As of Q1 2026, Darsana Capital Partners LP reported 750,000 shares of HCA HEALTHCARE INC (HCA), worth $354.9M and representing 7.6% of its 13F equity book. Quarter-over-quarter share count change: 250,000 (-25.0%) . The position first appeared in Q1 2024 and has been disclosed across 9 13F-HR filings in Pactolio's tracked window.
- 750,000Shares Held (Latest Filing)
- $354.9MReported Market Value (Latest Filing)
- 7.6%Portfolio Weight (% of 13F Equity Book)
- 250,000Quarter-over-Quarter Share Change
- -$111.9MQuarter-over-Quarter Value Change
- 1,250,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 9 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 750,000 | 250,000 | -25.0% | $354.9M | 7.6% | $473.2 |
| Q4 2025 | 1,000,000 | 0 | — | $466.9M | 9.3% | $466.9 |
| Q3 2025 | 1,000,000 | 0 | — | $426.2M | 10.0% | $426.2 |
| Q2 2025 | 1,000,000 | 250,000 | -20.0% | $383.1M | 10.9% | $383.1 |
| Q1 2025 | 1,250,000 | +25,000 | +2.0% | $431.9M | 12.6% | $345.6 |
| Q4 2024 | 1,225,000 | +75,000 | +6.5% | $367.7M | 11.2% | $300.1 |
| Q3 2024 | 1,150,000 | 0 | — | $467.4M | 11.5% | $406.4 |
| Q2 2024 | 1,150,000 | +400,000 | +53.3% | $369.5M | 10.1% | $321.3 |
| Q1 2024 | 750,000 | — | — | $250.1M | 8.0% | $333.5 |
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 Darsana Capital Partners LP first disclose a HCA position in 13F-HR filings?
Darsana Capital Partners LP first reported HCA HEALTHCARE INC (HCA) on its 13F-HR filing for the period ending 2024-03-31 (Q1 2024). The position has appeared on 9 reported quarters within Pactolio's tracked window.
What was Darsana Capital Partners LP's most recent quarter-over-quarter share-count change in HCA?
Between Q4 2025 and Q1 2026, Darsana Capital Partners LP reduced its HCA position by 250,000 shares (-25.0%), leaving 750,000 shares at a market value of $354.9M.
Does the implied price-per-share represent Darsana Capital Partners LP's cost basis in HCA?
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.