Darlington Partners Capital Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Darlington Partners Capital Management, LP reported 13 stock positions worth $2.5 billion. Its top holding was Tko (TKO) at 13.7% of the portfolio, followed by Salesforce (CRM, 11.4%) and Warner Music Class A (WMG, 11.2%). Compared with Q2 2024, it opened 2 new positions, added to 5 and reduced 4. The biggest buy was a new position in SHIFT4 Payments Class A (FOUR) and the biggest sale Cheniere Energy (LNG, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001854440
- Portfolio Value
- $2.5B (Q3 2024)
- SEC Filing
- 0001854440-24-000010 ↗ filed Nov 14, 2024
Holdings Value
Holdings 13 stocks · $2.5B
| TKO Tko Group Holdings Inc. | 13.72% | 2,740,089 | $339.0M | Reduce -10.6% |
| CRM Salesforce Inc. | 11.38% | 1,026,852 | $281.1M | Reduce -3.0% |
| WMG Warner Music Group Corp. Class A | 11.24% | 8,870,280 | $277.6M | Add +9.9% |
| COLD Americold Realty Trust Inc. | 10.98% | 9,597,159 | $271.3M | Add +6.4% |
| LPLA LPL Financial Holdings Inc. | 10.35% | 1,099,736 | $255.8M | Add +40.4% |
| LNG Cheniere Energy Inc. | 9.31% | 1,279,473 | $230.1M | Reduce -15.5% |
| FOUR SHIFT4 Payments Inc. Class A | 7.68% | 2,142,514 | $189.8M | New |
| BX Blackstone Inc. | 7.35% | 1,186,631 | $181.7M | Reduce -18.9% |
| FWONK Liberty Media Corp. Class C | 6.71% | 2,142,261 | $165.9M | Add +97.7% |
| MLNK Meridianlink Inc. | 5.63% | 6,767,248 | $139.2M | Add +28.5% |
| ACEL Accel Entertainment Inc. | 3.81% | 8,098,349 | $94.1M | No change |
| OS Onestream Inc. | 1.17% | 850,000 | $28.8M | New |
| AACT.U Ares Acquisition Corp. II | 0.66% | 1,500,000 | $16.4M | No change |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| FOUR SHIFT4 Payments Inc. Class A | New | 7.68% | +7.68 |
| FWONK Liberty Media Corp. Class C | Add +97.7% | 6.71% | +2.89 |
| OS Onestream Inc. | New | 1.17% | +1.17 |
| MLNK Meridianlink Inc. | Add +28.5% | 5.63% | +0.11 |
| COLD Americold Realty Trust Inc. | Add +6.4% | 10.98% | −0.34 |
| LPLA LPL Financial Holdings Inc. | Add +40.4% | 10.35% | −0.40 |
| WMG Warner Music Group Corp. Class A | Add +9.9% | 11.24% | −0.92 |
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 2024Amended | 11 | $2.0B | TKO, CRM, LNG, WMG, COLD |
| Q1 2024 | 12 | $1.7B | TKO, CRM, COLD, LPLA, WMG |