Darsana Capital Partners LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Darsana Capital Partners LP reported 14 stock positions worth $4.7 billion. Its top holding was Echostar Class A (ECHO) at 17.4% of the portfolio, followed by Guidewire Software (GWRE, 12.7%) and New York Times Class A (NYT, 9.0%). Compared with Q4 2025, it sold out of 2, added to 7 and reduced 4. The biggest buy was Dick's Sporting Goods (DKS, shares +175%) and the biggest sale an exit from Transdigm (TDG).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001609098
- Portfolio Value
- $4.7B (Q1 2026)
- SEC Filing
- 0001172661-26-002303 ↗ filed May 15, 2026
Holdings Value
Holdings 14 stocks · $4.7B
| ECHO Echostar Corp. Class A | 17.45% | 7,000,000 | $819.5M | No change |
| GWRE Guidewire Software Inc. | 12.74% | 4,000,000 | $598.2M | Add +60.0% |
| NYT New York Times Co. Class A | 8.98% | 5,038,727 | $421.9M | Reduce -34.2% |
| SHC Sotera Health Co. | 7.94% | 26,000,000 | $372.8M | No change |
| FWONK Liberty Media Corp. Class C | 7.78% | 4,300,000 | $365.6M | Add +19.4% |
| HCA HCA Healthcare Inc. | 7.56% | 750,000 | $354.9M | Reduce -25.0% |
| WMG Warner Music Group Corp. Class A | 6.44% | 11,850,000 | $302.6M | Add +48.1% |
| DKS Dick's Sporting Goods Inc. | 5.80% | 1,375,000 | $272.6M | Add +175.0% |
| EFX Equifax Inc. | 5.75% | 1,500,000 | $270.1M | Add +50.0% |
| VRT Vertiv Holdings Co. Class A | 5.34% | 1,000,000 | $250.6M | Reduce -33.3% |
| SCHW Schwab (charles) Corp. | 4.50% | 2,250,000 | $211.5M | No change |
| SGI Somnigroup International Inc. | 4.18% | 2,655,469 | $196.3M | Reduce -11.5% |
| WING Wingstop Inc. | 4.12% | 1,250,000 | $193.7M | Add +25.0% |
| FWONA Liberty Media Corp. Class A | 1.41% | 850,000 | $66.4M | Add +4.6% |
Portfolio Sells Q4 2025 → Q1 2026
| TDG Transdigm Group Inc. | Sold out | 0.00% | −5.30 |
| HCA HCA Healthcare Inc. | Reduce -25.0% | 7.56% | −1.75 |
| NYT New York Times Co. Class A | Reduce -34.2% | 8.98% | −1.61 |
| AER Aercap Holdings NV | Sold out | 0.00% | −1.36 |
| SGI Somnigroup International Inc. | Reduce -11.5% | 4.18% | −1.16 |
| VRT Vertiv Holdings Co. Class A | Reduce -33.3% | 5.34% | +0.49 |
Portfolio Buys Q4 2025 → Q1 2026
| DKS Dick's Sporting Goods Inc. | Add +175.0% | 5.80% | +3.83 |
| GWRE Guidewire Software Inc. | Add +60.0% | 12.74% | +2.72 |
| WMG Warner Music Group Corp. Class A | Add +48.1% | 6.44% | +1.55 |
| EFX Equifax Inc. | Add +50.0% | 5.75% | +1.43 |
| FWONK Liberty Media Corp. Class C | Add +19.4% | 7.78% | +0.72 |
| FWONA Liberty Media Corp. Class A | Add +4.6% | 1.41% | −0.03 |
| WING Wingstop Inc. | Add +25.0% | 4.12% | −0.63 |
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 |