DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP

CIK

1854440

Location

GREENBRAE, CA

Portfolio Value

Mid $2,225,835,559

Diversification

Diversified

Filing Date

Global Rank

#1,127 / 8,588 ▼ 37

Top Industry

Entertainment 20.9%

3Y Alpha vs SPY

-15.4%

Period ended 3 months ago

Filed May 15, 2026 · 33d

18 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+17.8%

SPY

+78.1%

Annualised alpha

-15.6%

Max drawdown

−32.5%

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

10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

16.4%

+1.8 pts

Top 5

66.7%

+1.9 pts

Top 10

100.0%

+8.6 pts

HHI

1,151

Diversified+121

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	28.4%	$633,232,994	2
Technology	26.0%	$579,141,650	2
Communication Services	20.9%	$465,176,622	2
Consumer Cyclical	20.6%	$457,550,134	3
Real Estate	4.1%	$90,734,159	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
TPG	TPG Inc.	+4,069,953	9,000,000	$364,590,000
FUN	Six Flags Entertainment Corporation/NEW	+3,500,000	8,700,000	$154,425,000
GLBE	Global-E Online Ltd.	+3,201,541	6,961,820	$214,772,147
LINE	Lineage, Inc.	+1,163,853	2,769,663	$90,734,159
FOUR	Shift4 Payments, Inc.	+1,004,784	6,576,509	$287,590,738
WMG	Warner Music Group Corp.	+900,000	7,551,884	$192,875,117
CRM	Salesforce, Inc.	+310,000	1,561,852	$291,550,912
LPLA	LPL Financial Holdings Inc.	+110,000	893,006	$268,642,994
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
LNG	Cheniere Energy, Inc.	530,815	$103,185,127
BX	Blackstone Inc.	599,227	$92,364,849
OS	OneStream, Inc.	3,839,405	$70,568,263
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

10 positions · $2,225,835,559 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ACEL	Accel Entertainment, Inc. Consumer Cyclical	Held	8,098,349	0	$88,352,987	−4.4%	3.97%
LINE	Lineage, Inc. Real Estate	Added	2,769,663	+1,163,853	$90,734,159	+61.4%	4.08%
FUN	Six Flags Entertainment Corporation/NEW Consumer Cyclical	Reduced	8,700,000	-1,700,000	$154,425,000	−3.2%	6.94%
WMG	Warner Music Group Corp. Communication Services	Added	7,551,884	+900,000	$192,875,117	−5.5%	8.67%
GLBE	Global-E Online Ltd. Consumer Cyclical	Added	6,961,820	+3,201,541	$214,772,147	+45.3%	9.65%
LPLA	LPL Financial Holdings Inc. Financial Services	Added	893,006	+110,000	$268,642,994	−3.9%	12.07%
TKO	TKO Group Holdings, Inc. Communication Services	Held	1,350,367	0	$272,301,505	−3.5%	12.23%
FOUR	Shift4 Payments, Inc. Technology	Added	6,576,509	+1,004,784	$287,590,738	−18.0%	12.92%
CRM	Salesforce, Inc. Technology	Added	1,561,852	+310,000	$291,550,912	−12.1%	13.10%
TPG	TPG Inc. Financial Services	Added	9,000,000	+4,069,953	$364,590,000	+15.8%	16.38%