Darsana Capital Partners LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Darsana Capital Partners LP maintained a portfolio of 16 distinct positions. The most significant new addition to the portfolio was VERTIV HOLDINGS CO, which now represents 4.84% of the total fund value. They heavily accumulated shares in GUIDEWIRE SOFTWARE I, increasing their position by 25.0%. The fund also reduced its exposure to AERCAP HOLDINGS NV by 34.5%.
PCA Score Concentration Risk
Risk ENB
Total Positions
16
Quarter
2025 Q4
Top Holding
SATS (15.2%)
Top 10 Concentration
81.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-16 of 16
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SATS
ECHOSTAR CORP
Communication Services 15.16% 13.49% #1
Prev: #1
6.5 -500,000 -6.7%
P
S
7,000,000 $760,900,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NYT
NEW YORK TIMES ...
Communication Services 10.60% 10.82% #2 1
Prev: #3
6.0 -341,100 -4.3%
P
S
7,658,900 $531,680,838 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GWRE
GUIDEWIRE SOFTW...
Technology 10.02% 10.83% #3 1
Prev: #2
7.5 500,000 25.0%
P
S
2,500,000 $502,525,000 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HCA
HCA HEALTHCARE ...
Healthcare 9.30% 10.04% #4
Prev: #4
5.2 no change no change
P
S
1,000,000 $466,860,000 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHC
SOTERA HEALTH C...
Healthcare 9.14% 9.26% #5
Prev: #5
4.7 1,000,000 4.0%
P
S
26,000,000 $458,640,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FWONK
LIBERTY MEDIA C...
Communication Services 7.07% 7.36% #6 1
Prev: #7
5.3 610,000 20.4%
P
S
3,600,000 $354,636,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SGI
SOMNIGROUP INTE...
Consumer Cyclical 5.34% 7.95% #7 1
Prev: #6
2.1 -1,000,000 -25.0%
P
S
3,000,000 $267,840,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TDG
TRANSDIGM GROUP...
Industrials 5.30% 6.21% #8
Prev: #8
3.1 no change no change
P
S
200,000 $265,970,000 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WMG
WARNER MUSIC GR...
Communication Services 4.89% 5.01% #9 2
Prev: #11
4.5 1,750,000 28.0%
P
S
8,000,000 $245,360,000 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRT
VERTIV HOLDINGS...
Industrials 4.84% #10
Prev: #—
5.4 1,500,000 no change
NEW
1,500,000 $243,015,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WING
WINGSTOP INC
Consumer Cyclical 4.75% 4.45% #11 1
Prev: #12
4.4 250,000 33.3%
P
S
1,000,000 $238,490,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SCHW
SCHWAB CHARLES ...
Financial Services 4.48% 5.06% #12 2
Prev: #10
2.8 no change no change
P
S
2,250,000 $224,797,500 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EFX
EQUIFAX INC
Industrials 4.32% 6.04% #13 4
Prev: #9
2.7 no change no change
P
S
1,000,000 $216,980,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DKS
DICKS SPORTING ...
Consumer Cyclical 1.97% #14
Prev: #—
4.3 500,000 no change
NEW
500,000 $98,985,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FWONA
LIBERTY MEDIA C...
Communication Services 1.45% 1.43% #15 1
Prev: #14
3.1 176,780 27.8%
P
S
812,750 $72,643,595 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AER
AERCAP HOLDINGS...
Industrials 1.36% 2.07% #16 3
Prev: #13
0.5 -250,000 -34.5%
P
S
475,000 $68,286,000 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-16 of 16 holdings

Unlock Full Darsana Capital Partners LP Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics