Darsana Capital Partners LP — WARNER MUSIC GROUP CORP WMG: Quarterly 13F Position History
Darsana Capital Partners LP has reported WARNER MUSIC GROUP CORP (WMG) on 24 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2020. As of Q1 2026, the position is sized at 11,850,000 shares ($302.6M market value, 6.44% of the equity book). Quarter-over-quarter share count change: + 3,850,000 (+48.1%) .
- 11,850,000Shares Held (Latest Filing)
- $302.6MReported Market Value (Latest Filing)
- 6.44%Portfolio Weight (% of 13F Equity Book)
- +3,850,000Quarter-over-Quarter Share Change
- +$57.3MQuarter-over-Quarter Value Change
- 11,850,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 24 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 11,850,000 | +3,850,000 | +48.1% | $302.6M | 6.44% | $25.54 |
| Q4 2025 | 8,000,000 | +1,750,000 | +28.0% | $245.4M | 4.89% | $30.67 |
| Q3 2025 | 6,250,000 | 1,750,000 | -21.9% | $212.9M | 5.01% | $34.06 |
| Q2 2025 | 8,000,000 | +1,000,000 | +14.3% | $217.9M | 6.22% | $27.24 |
| Q1 2025 | 7,000,000 | +1,000,000 | +16.7% | $219.4M | 6.38% | $31.35 |
| Q4 2024 | 6,000,000 | +5,917,879 | +7206.3% | $186.0M | 5.66% | $31.00 |
| Q3 2024 | 82,121 | +82,121 | — | $2.6M | 0.06% | $31.30 |
| Q2 2024 | 0 | 0 | — | $0 | 0.00% | — |
| Q1 2024 | 0 | 0 | — | $0 | 0.00% | — |
| Q4 2023 | 0 | 0 | — | $0 | 0.00% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.00% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.00% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.00% | — |
| Q4 2022 | 0 | 4,500,000 | -100.0% | $0 | 0.00% | — |
| Q3 2022 | 4,500,000 | 0 | — | $104.4M | 5.36% | $23.21 |
| Q2 2022 | 4,500,000 | +1,000,000 | +28.6% | $109.6M | 5.90% | $24.36 |
| Q1 2022 | 3,500,000 | +518,951 | +17.4% | $132.5M | 6.72% | $37.85 |
| Q4 2021 | 2,981,049 | 1,225,000 | -29.1% | $128.7M | 5.95% | $43.18 |
| Q3 2021 | 4,206,049 | 0 | — | $179.8M | 5.92% | $42.74 |
| Q2 2021 | 4,206,049 | 0 | — | $151.6M | 4.54% | $36.04 |
| Q1 2021 | 4,206,049 | 1,306,189 | -23.7% | $144.4M | 4.03% | $34.33 |
| Q4 2020 | 5,512,238 | +647,968 | +13.3% | $209.4M | 5.91% | $37.99 |
| Q3 2020 | 4,864,270 | +1,364,270 | +39.0% | $139.8M | 7.11% | $28.74 |
| Q2 2020 | 3,500,000 | — | — | $103.3M | 6.12% | $29.50 |
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 WMG position in 13F-HR filings?
Darsana Capital Partners LP first reported WARNER MUSIC GROUP CORP (WMG) on its 13F-HR filing for the period ending 2020-06-30 (Q2 2020). The position has appeared on 24 reported quarters within Pactolio's tracked window.
What was Darsana Capital Partners LP's most recent quarter-over-quarter share-count change in WMG?
Between Q4 2025 and Q1 2026, Darsana Capital Partners LP added 3,850,000 shares of WMG (+48.1%), bringing the total reported position to 11,850,000 shares at a market value of $302.6M.
Does the implied price-per-share represent Darsana Capital Partners LP's cost basis in WMG?
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.