Darsana Capital Partners LP
Filing Date
Global Rank
#744
/ 8,604
▼ 13
· as of Mar 2026
Top Industry
Telecom Services
18.9%
3Y Alpha vs SPY
+9.7%
Period ended 3 months ago
Filed May 15, 2026 · 54d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+117.8%
SPY
+76.5%
Annualised alpha
+8.8%
Max drawdown
−15.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
13 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
18.9%
+2.6 pts
Top 5
59.3%
+0.9 pts
Top 10
89.5%
+4.1 pts
HHI
1,012
Diversified+103
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 37.2% | $1,610,399,611 |
| Healthcare | 16.8% | $727,770,000 |
| Consumer Cyclical | 15.3% | $662,653,518 |
| Technology | 13.8% | $598,240,000 |
| Industrials | 12.0% | $520,685,000 |
| Financial Services | 4.9% | $211,455,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WMG | Warner Music Group Corp. | +3,850,000 | 11,850,000 | $302,649,000 | |
| GWRE | Guidewire Software, Inc. | +1,500,000 | 4,000,000 | $598,240,000 | |
| DKS | Dick's Sporting Goods, Inc. | +875,000 | 1,375,000 | $272,648,750 | |
| EFX | Equifax Inc | +500,000 | 1,500,000 | $270,105,000 | |
| WING | Wingstop Inc. | +250,000 | 1,250,000 | $193,712,500 | |
| FWONA | Liberty Media Corp | +37,250 | 850,000 | $66,368,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NYT | New York Times Co | −2,620,173 | 5,038,727 | $421,892,611 | |
| VRT | Vertiv Holdings Co | −500,000 | 1,000,000 | $250,580,000 | |
| SGI | Somnigroup International Inc. | −344,531 | 2,655,469 | $196,292,268 | |
| HCA | HCA Healthcare, Inc. | −250,000 | 750,000 | $354,930,000 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
13 positions ·
$4,331,203,129 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ECHO |
EchoStar CORP
Communication Services
|
Reduced | 7,000,000 | $819,490,000 | 18.92% | |
| GWRE |
Guidewire Software, Inc.
Technology
|
Added | 4,000,000 | $598,240,000 | 13.81% | |
| NYT |
New York Times Co
Communication Services
|
Reduced | 5,038,727 | $421,892,611 | 9.74% | |
| SHC |
Sotera Health Co
Healthcare
|
Held | 26,000,000 | $372,840,000 | 8.61% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Reduced | 750,000 | $354,930,000 | 8.19% | |
| WMG |
Warner Music Group Corp.
Communication Services
|
Added | 11,850,000 | $302,649,000 | 6.99% | |
| DKS |
Dick's Sporting Goods, Inc.
Consumer Cyclical
|
Added | 1,375,000 | $272,648,750 | 6.29% | |
| EFX |
Equifax Inc
Industrials
|
Added | 1,500,000 | $270,105,000 | 6.24% | |
| VRT |
Vertiv Holdings Co
Industrials
|
Reduced | 1,000,000 | $250,580,000 | 5.79% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Held | 2,250,000 | $211,455,000 | 4.88% | |
| SGI |
Somnigroup International Inc.
Consumer Cyclical
|
Reduced | 2,655,469 | $196,292,268 | 4.53% | |
| WING |
Wingstop Inc.
Consumer Cyclical
|
Added | 1,250,000 | $193,712,500 | 4.47% | |
| FWONA |
Liberty Media Corp
Communication Services
|
Added | 850,000 | $66,368,000 | 1.53% |