Darsana Capital Partners LP

CIK 0001609098 · Q1 2026

13F Equity AUM

$4.7B

-6.4% QoQ

Positions

-2 QoQ

AUM Rank

#1,062

Top 9%

Skill Alpha (FF)

+3.8%/yr^ns

No Clear Edge

Rank #764 · Top 9%

vs S&P +3.6%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 54.9%Top 10: 85.8%Top 20: 100.0%

SATS17.4%

GWRE12.7%

NYT9.0%

SHC7.9%

FWONK7.8%

HCA7.6%

WMG6.4%

DKS5.8%

EFX5.8%

VRT5.3%

Others (4)14.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology30.2%

Communication Services24.6%

Healthcare15.5%

Consumer Cyclical14.1%

Industrials11.1%

Financial Services4.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 14Median: 6.12%Avg: 7.14%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

1(1.4%)

3–5%

3(12.8%)

5%+

10(85.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 14Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

STATE STREET CORP

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

MORGAN STANLEY

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

JPMORGAN CHASE & CO

0.3%

BANK OF AMERICA CORP /DE/

0.3%

FMR LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased7Decreased4Exited2

Increased

WMG6.4%

+3.9M(+48%)

GWRE12.7%

+1.5M(+60%)

DKS5.8%

+875K(+175%)

FWONK7.8%

+700K(+19%)

EFX5.8%

+500K(+50%)

WING4.1%

+250K(+25%)

FWONA1.4%

+37K(+5%)

Decreased

NYT9.0%

-2,620,173(-34%)

VRT5.3%

-500,000(-33%)

TPD4.2%

-344,531(-11%)

HCA7.6%

-250,000(-25%)

Exited

T7D

-200,000

AER

-475,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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