Darsana Capital Partners LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Darsana Capital Partners LP disclosed 16 US equity positions worth $5.0bn in its Q4 2025 13F filing. The largest position was ECHO at 15.2% of the reported book, followed by NYT and GWRE. Against the Q3 2025 filing, it opened 2 new positions, added to 6 and reduced 4 among the top 16 holdings.
What did Darsana Capital Partners LP own in Q4 2025? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ECHO ECHOSTAR CORP | Communication Services | 15.2% | $760.9m | 7,000,000 | -7% | reduced |
| 2 | NYT NEW YORK TIMES CO | Communication Services | 10.6% | $531.7m | 7,658,900 | -4% | reduced |
| 3 | GWRE GUIDEWIRE SOFTWARE INC | Technology | 10.0% | $502.5m | 2,500,000 | 25% | added |
| 4 | HCA HCA HEALTHCARE INC | Healthcare | 9.3% | $466.9m | 1,000,000 | 0% | held |
| 5 | SHC SOTERA HEALTH CO | Healthcare | 9.1% | $458.6m | 26,000,000 | 4% | added |
| 6 | LLYVK LIBERTY MEDIA CORP DEL | 7.1% | $354.6m | 3,600,000 | 20% | added | |
| 7 | SGI SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 5.3% | $267.8m | 3,000,000 | -25% | reduced |
| 8 | TDG TRANSDIGM GROUP INC | Industrials | 5.3% | $266.0m | 200,000 | 0% | held |
| 9 | WMG WARNER MUSIC GROUP CORP | Communication Services | 4.9% | $245.4m | 8,000,000 | 28% | added |
| 10 | VRT VERTIV HOLDINGS CO | Industrials | 4.8% | $243.0m | 1,500,000 | – | new |
| 11 | WING WINGSTOP INC | Consumer Cyclical | 4.8% | $238.5m | 1,000,000 | 33% | added |
| 12 | SCHW SCHWAB CHARLES CORP | Financial Services | 4.5% | $224.8m | 2,250,000 | 0% | held |
| 13 | EFX EQUIFAX INC | Industrials | 4.3% | $217.0m | 1,000,000 | 0% | held |
| 14 | DKS DICKS SPORTING GOODS INC | Consumer Cyclical | 2.0% | $99.0m | 500,000 | – | new |
| 15 | FWONA LIBERTY MEDIA CORP DEL | 1.4% | $72.6m | 812,750 | 28% | added | |
| 16 | AERCAP HOLDINGS NV | 1.4% | $68.3m | 475,000 | -34% | reduced |
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.