Darsana Capital Partners LP
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $16,667,644,521 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $10,012,799,567 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $8,086,835,042 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $6,725,719,521 | Pooled investment vehicles (100%) |
| Apr 2023 | $6,725,719,521 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $7,238,013,995 | Pooled investment vehicles (100%) |
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
| Company | Schedule | Event date | Filed | Shares | % of class | Status |
|---|---|---|---|---|---|---|
| WING Wingstop Inc. | 13G | May 5, 2026 | 6mo | 1,500,000 | 5.5% | Current |
| WMG Warner Music Group Corp. | 13G/A | Mar 31, 2026 | 6mo | 11,850,000 | 8.1% | Current |
| SHC Sotera Health Co | 13G/A | Sep 30, 2025 | 12mo | 25,000,000 | 8.8% | Current |
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 4 exited, below-5% or retired stakes
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 95.6%; sector active share 70.5% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
16 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 79.3% | $17,655,862,222 |
| Communication Services | 8.2% | $1,833,200,396 |
| Consumer Cyclical | 5.4% | $1,196,180,000 |
| Healthcare | 4.1% | $908,129,000 |
| Technology | 2.1% | $468,082,200 |
| Financial Services | 0.9% | $207,607,500 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SHC | Sotera Health Co | +1,000,000 | 27,000,000 | $479,250,000 | |
| HCA | HCA Healthcare, Inc. | +350,000 | 1,100,000 | $428,879,000 | |
| WING | Wingstop Inc. | +250,000 | 1,500,000 | $260,115,000 | |
| DKS | Dick's Sporting Goods, Inc. | +125,000 | 1,500,000 | $340,215,000 | |
| WMG | Warner Music Group Corp. | +93,199 | 11,943,199 | $323,302,396 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ECHO | EchoStar CORP | −2,000,000 | 5,000,000 | $507,500,000 | |
| VRT | Vertiv Holdings Co | −755,094 | 244,906 | $81,999,426 | |
| GWRE | Guidewire Software, Inc. | −196,000 | 3,804,000 | $468,082,200 | |
| NYT | New York Times Co | −38,727 | 5,000,000 | $349,900,000 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SGI | Somnigroup International Inc. | 2,655,469 | $196,292,268 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPCX |
Space Exploration Technologies Corp
Industrials
|
NEW | 101,461,915 | $17,335,782,796 | 77.85% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
NEW | 2,500,000 | $595,850,000 | 2.68% | |
| ECHO |
EchoStar CORP
Communication Services
|
Reduced | 5,000,000 | $507,500,000 | 2.28% | |
| SHC |
Sotera Health Co
Healthcare
|
Added | 27,000,000 | $479,250,000 | 2.15% | |
| GWRE |
Guidewire Software, Inc.
Technology
|
Reduced | 3,804,000 | $468,082,200 | 2.10% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Added | 1,100,000 | $428,879,000 | 1.93% | |
| FWONK |
Liberty Media Corp
Communication Services
|
Held | 4,300,000 | $409,102,000 | 1.84% | |
| NYT |
New York Times Co
Communication Services
|
Reduced | 5,000,000 | $349,900,000 | 1.57% | |
| DKS |
Dick's Sporting Goods, Inc.
Consumer Cyclical
|
Added | 1,500,000 | $340,215,000 | 1.53% | |
| WMG |
Warner Music Group Corp.
Communication Services
|
Added | 11,943,199 | $323,302,396 | 1.45% | |
| WING |
Wingstop Inc.
Consumer Cyclical
|
Added | 1,500,000 | $260,115,000 | 1.17% | |
| EFX |
Equifax Inc
Industrials
|
Held | 1,500,000 | $238,080,000 | 1.07% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Held | 2,250,000 | $207,607,500 | 0.93% | |
| META |
Meta Platforms, Inc.
Communication Services
|
NEW | 300,000 | $168,987,000 | 0.76% | |
| VRT |
Vertiv Holdings Co
Industrials
|
Reduced | 244,906 | $81,999,426 | 0.37% | |
| FWONA |
Liberty Media Corp
Communication Services
|
Held | 850,000 | $74,409,000 | 0.33% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.