Darsana Capital Partners LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Darsana Capital Partners LP reported 14 stock positions worth $3.4 billion. Its top holding was HCA Healthcare (HCA) at 12.6% of the portfolio, followed by Guidewire Software (GWRE, 12.5%) and Somnigroup International (SGI, 12.2%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 6 and reduced 1. The biggest buy was Liberty Media Class C (FWONK, shares +527%) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001609098
- Portfolio Value
- $3.4B (Q1 2025)
- SEC Filing
- 0001172661-25-002333 ↗ filed May 15, 2025
Holdings Value
Holdings 14 stocks · $3.4B
| HCA HCA Healthcare Inc. | 12.55% | 1,250,000 | $431.9M | Add +2.0% |
| GWRE Guidewire Software Inc. | 12.52% | 2,300,000 | $430.9M | No change |
| SGI Somnigroup International Inc. | 12.18% | 7,000,000 | $419.2M | No change |
| FWONK Liberty Media Corp. Class C | 9.13% | 3,490,000 | $314.1M | Add +526.6% |
| NYT New York Times Co. Class A | 9.01% | 6,250,000 | $310.0M | Add +8.7% |
| TDG Transdigm Group Inc. | 8.04% | 200,000 | $276.7M | No change |
| EFX Equifax Inc. | 7.08% | 1,000,000 | $243.6M | New |
| SHC Sotera Health Co. | 6.78% | 20,010,000 | $233.3M | No change |
| WMG Warner Music Group Corp. Class A | 6.38% | 7,000,000 | $219.4M | Add +16.7% |
| ECHO Echostar Corp. Class A | 5.77% | 7,758,328 | $198.5M | Add +10.8% |
| SCHW Schwab (charles) Corp. | 5.12% | 2,250,000 | $176.1M | New |
| AER Aercap Holdings NV | 2.97% | 1,000,000 | $102.2M | No change |
| FWONA Liberty Media Corp. Class A | 1.48% | 625,000 | $50.9M | Add +746.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.99% | 150,000 | $34.1M | Reduce -85.0% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| FWONK Liberty Media Corp. Class C | Add +526.6% | 9.13% | +7.56 |
| EFX Equifax Inc. | New | 7.08% | +7.08 |
| SCHW Schwab (charles) Corp. | New | 5.12% | +5.12 |
| HCA HCA Healthcare Inc. | Add +2.0% | 12.55% | +1.36 |
| FWONA Liberty Media Corp. Class A | Add +746.5% | 1.48% | +1.29 |
| ECHO Echostar Corp. Class A | Add +10.8% | 5.77% | +0.89 |
| WMG Warner Music Group Corp. Class A | Add +16.7% | 6.38% | +0.72 |
| NYT New York Times Co. Class A | Add +8.7% | 9.01% | −0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $22.3B | SPCX, AMZN, ECHO, SHC, GWRE |
| Q1 2026 | 14 | $4.7B | ECHO, GWRE, NYT, SHC, FWONK |
| Q4 2025 | 16 | $5.0B | ECHO, NYT, GWRE, HCA, SHC |
| Q3 2025 | 14 | $4.2B | ECHO, GWRE, NYT, HCA, SHC |
| Q2 2025 | 14 | $3.5B | GWRE, HCA, NYT, SGI, TDG |
| Q1 2025 | 14 | $3.4B | HCA, GWRE, SGI, FWONK, NYT |
| Q4 2024 | 14 | $3.3B | SGI, GWRE, HCA, NYT, GOOGL |
| Q3 2024 | 15 | $4.1B | HCA, GWRE, SGI, HLT, SHC |
| Q2 2024 | 14 | $3.7B | GWRE, META, CMCSA, HCA, STZ |
| Q1 2024 | 13 | $3.1B | GWRE, STZ, CMCSA, HLT, BAC |