Darsana Capital Partners LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Darsana Capital Partners LP disclosed 14 US equity positions worth $4.2bn in its Q3 2025 13F filing. The largest position was ECHO at 13.5% of the reported book, followed by GWRE and NYT. Against the Q2 2025 filing, it opened 1 new position, added to 5 and reduced 3 among the top 14 holdings.
What did Darsana Capital Partners LP own in Q3 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ECHO ECHOSTAR CORP | Communication Services | 13.5% | $572.7m | 7,500,000 | -16% | reduced |
| 2 | GWRE GUIDEWIRE SOFTWARE INC | Technology | 10.8% | $459.7m | 2,000,000 | 0% | held |
| 3 | NYT NEW YORK TIMES CO | Communication Services | 10.8% | $459.2m | 8,000,000 | 28% | added |
| 4 | HCA HCA HEALTHCARE INC | Healthcare | 10.0% | $426.2m | 1,000,000 | 0% | held |
| 5 | SHC SOTERA HEALTH CO | Healthcare | 9.3% | $393.2m | 25,000,000 | 25% | added |
| 6 | SGI SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 7.9% | $337.3m | 4,000,000 | -20% | reduced |
| 7 | LLYVK LIBERTY MEDIA CORP DEL | 7.4% | $312.3m | 2,990,000 | 20% | added | |
| 8 | TDG TRANSDIGM GROUP INC | Industrials | 6.2% | $263.6m | 200,000 | 14% | added |
| 9 | EFX EQUIFAX INC | Industrials | 6.0% | $256.5m | 1,000,000 | 0% | held |
| 10 | SCHW SCHWAB CHARLES CORP | Financial Services | 5.1% | $214.8m | 2,250,000 | 0% | held |
| 11 | WMG WARNER MUSIC GROUP CORP | Communication Services | 5.0% | $212.9m | 6,250,000 | -22% | reduced |
| 12 | WING WINGSTOP INC | Consumer Cyclical | 4.4% | $188.8m | 750,000 | – | new |
| 13 | AERCAP HOLDINGS NV | 2.1% | $87.7m | 725,000 | 0% | held | |
| 14 | FWONA LIBERTY MEDIA CORP DEL | 1.4% | $60.6m | 635,970 | 2% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.