Darlington Partners Capital Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Darlington Partners Capital Management, LP reported 10 stock positions worth $2.2 billion. Its top holding was TPG (TPG) at 16.4% of the portfolio, followed by Salesforce (CRM, 13.1%) and SHIFT4 Payments Class A (FOUR, 12.9%). Compared with Q4 2025, it sold out of 4 and added to 8. The biggest buy was TPG (TPG, shares +83%) and the biggest sale an exit from Cheniere Energy (LNG).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001854440
- Portfolio Value
- $2.2B (Q1 2026)
- SEC Filing
- 0002073679-26-000062 ↗ filed May 15, 2026
Holdings Value
Holdings 10 stocks · $2.2B
| TPG TPG Inc. | 16.38% | 9,000,000 | $364.6M | Add +82.5% |
| CRM Salesforce Inc. | 13.10% | 1,561,852 | $291.6M | Add +24.8% |
| FOUR SHIFT4 Payments Inc. Class A | 12.92% | 6,576,509 | $287.6M | Add +18.0% |
| TKO Tko Group Holdings Inc. | 12.23% | 1,350,367 | $272.3M | No change |
| LPLA LPL Financial Holdings Inc. | 12.07% | 893,006 | $268.6M | Add +14.1% |
| GLBE Global-E Online Ltd. | 9.65% | 6,961,820 | $214.8M | Add +85.1% |
| WMG Warner Music Group Corp. Class A | 8.67% | 7,551,884 | $192.9M | Add +13.5% |
| FUN Six Flags Entertainment Corp. | 6.94% | 8,700,000 | $154.4M | Add +67.3% |
| LINE Lineage Inc. | 4.08% | 2,769,663 | $90.7M | Add +72.5% |
| ACEL Accel Entertainment Inc. | 3.97% | 8,098,349 | $88.4M | No change |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| TPG TPG Inc. | Add +82.5% | 16.38% | +3.79 |
| FUN Six Flags Entertainment Corp. | Add +67.3% | 6.94% | +3.75 |
| GLBE Global-E Online Ltd. | Add +85.1% | 9.65% | +3.74 |
| LINE Lineage Inc. | Add +72.5% | 4.08% | +1.83 |
| LPLA LPL Financial Holdings Inc. | Add +14.1% | 12.07% | +0.88 |
| WMG Warner Music Group Corp. Class A | Add +13.5% | 8.67% | +0.50 |
| CRM Salesforce Inc. | Add +24.8% | 13.10% | −0.17 |
| FOUR SHIFT4 Payments Inc. Class A | Add +18.0% | 12.92% | −1.11 |
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 |