Darsana Capital Partners LP

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
14
Total value ($000)
$4,245,554
Net value change ($000)
+743,439 (21.2%)
New positions
1
Sold out positions
1
Turnover %
7.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SATS 324,508 130.7%
WING 188,760 NEW
SHC 170,739 76.7%
NYT 109,325 31.2%
FWONA 51,056 19.5%
HCA 43,100 11.3%
SCHW 9,518 4.6%
AER 2,900 3.4%
FWONA 1,207 2.0%
Top Reduces (Value $000, Stocks/ETFs)
HLT -133,170 -100.0%
GWRE -11,180 -2.4%
WMG -5,045 -2.3%
SGI -2,930 -0.9%
EFX -2,840 -1.1%
TDG -2,508 -0.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type