Darlington Partners Capital Management, LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Darlington Partners Capital Management, LP reported 12 stock positions worth $1.7 billion . Its top holding was Tko (TKO) at 14.8% of the portfolio, followed by Salesforce (CRM, 12.5% ) and Americold Realty Trust (COLD, 11.2% ). Compared with Q4 2023, it sold out of 3, added to 3 and reduced 2. The biggest buy was Tko (TKO, shares +40% ) and the biggest sale Verra Mobility (VRRM, shares −45% ).
Location GREENBRAE, CA
CIK 0001854440
Portfolio Value $1.7B (Q1 2024) Holdings 12 stocks · $1.7B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 TKO Tko Group Holdings Inc. 2,974,835 $257.1M Add +40.3% CRM Salesforce Inc. 724,657 $218.3M No change COLD Americold Realty Trust Inc. 7,834,469 $195.2M Add +59.4% LPLA LPL Financial Holdings Inc. 715,014 $188.9M No change WMG Warner Music Group Corp. Class A 5,477,378 $180.9M No change BX Blackstone Inc. 1,335,202 $175.4M Reduce -22.1% LNG Cheniere Energy Inc. 867,059 $139.8M No change VRRM Verra Mobility Corp. 4,486,993 $112.0M Reduce -44.9% MLNK Meridianlink Inc. 5,267,248 $98.5M Add +26.4% ACEL Accel Entertainment Inc. 8,098,349 $95.5M No change FWONK Liberty Media Corp.-Liberty-C 989,344 $64.9M No change AACT.U Ares Acquisition Corp. II 1,500,000 $15.9M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $142K (not counted above) Security Class Shares / Principal Value Change SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 300,000 $142K New
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ VRRM Verra Mobility Corp. Reduce -44.9% 6.43% −4.34 BX Blackstone Inc. Reduce -22.1% 10.07% −2.84 IWM iShares Russell 2000 ETF Sold out 0.00% −0.98 IWB iShares Russell 1000 ETF Sold out 0.00% −0.97 SCRMU Screaming Eagle Acquisition Sold out 0.00% −0.55
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ TKO Tko Group Holdings Inc. Add +40.3% 14.75% +4.81 COLD Americold Realty Trust Inc. Add +59.4% 11.21% +2.65 MLNK Meridianlink Inc. Add +26.4% 5.65% −0.28
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ CLBTW Cellebrite Di Ltd. -CW23 *W EXP 99/99/999 Sold out 304,300 $478Kbefore exit SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 New 300,000 $142K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 10 $2.3B TPG, FOUR, LPLA, TKO, CRM Q1 2026 10 $2.2B TPG, CRM, FOUR, TKO, LPLA Q4 2025 14 $2.5B FOUR, CRM, TPG, TKO, LPLA Q3 2025 14 $3.0B WMG, FOUR, CRM, TPG, TKO Q2 2025 14 $3.1B FOUR, TKO, WMG, LPLA, CRM Q1 2025 14 $3.0B FOUR, WMG, TKO, LPLA, CRM Q4 2024 14 $2.7B TKO, CRM, WMG, LPLA, LNG Q3 2024 13 $2.5B TKO, CRM, WMG, COLD, LPLA Q2 2024 Amended 11 $2.0B TKO, CRM, LNG, WMG, COLD Q1 2024 12 $1.7B TKO, CRM, COLD, LPLA, WMG