Darlington Partners Capital Management, LP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed September 10, 2024), Darlington Partners Capital Management, LP reported 11 stock positions worth $2.0 billion . Its top holding was Tko (TKO) at 16.3% of the portfolio, followed by Salesforce (CRM, 13.4% ) and Cheniere Energy (LNG, 13.0% ). Compared with Q1 2024, it opened 1 new position, sold out of 2 and added to 7. The biggest buy was Cheniere Energy (LNG, shares +75% ) and the biggest sale an exit from Verra Mobility (VRRM).
Location GREENBRAE, CA
CIK 0001854440
Portfolio Value $2.0B (Q2 2024) Holdings 11 stocks · $2.0B 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 Q1 2024 TKO Tko Group Holdings Inc. 3,065,703 $331.1M Add +3.0% CRM Salesforce Inc. 1,058,855 $272.2M Add +46.1% LNG Cheniere Energy Inc. 1,514,155 $264.7M Add +74.6% WMG Warner Music Group Corp. Class A 8,072,372 $247.4M Add +47.4% COLD Americold Realty Trust Inc. 9,018,040 $230.3M Add +15.1% LPLA LPL Financial Holdings Inc. 783,290 $218.8M Add +9.6% BX Blackstone Inc. 1,462,700 $181.1M Add +9.6% MLNK Meridianlink Inc. 5,267,248 $112.5M No change ACEL Accel Entertainment Inc. 8,098,349 $83.1M No change FWONK Liberty Media Corp. Class C 1,083,816 $77.9M New AACT.U Ares Acquisition Corp. II 1,500,000 $16.1M No change
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ VRRM Verra Mobility Corp. Sold out 0.00% −6.43 FWONK Liberty Media Corp.-Liberty-C Sold out 0.00% −3.72
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ LNG Cheniere Energy Inc. Add +74.6% 13.01% +4.98 FWONK Liberty Media Corp. Class C New 3.83% +3.83 WMG Warner Music Group Corp. Class A Add +47.4% 12.16% +1.78 TKO Tko Group Holdings Inc. Add +3.0% 16.27% +1.51 CRM Salesforce Inc. Add +46.1% 13.38% +0.85 COLD Americold Realty Trust Inc. Add +15.1% 11.32% +0.11 LPLA LPL Financial Holdings Inc. Add +9.6% 10.75% −0.09 BX Blackstone Inc. Add +9.6% 8.90% −1.17
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 Sold out 300,000 $142Kbefore exit
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