1y return+21.0%S&P 500 +20.9%
3y return+101.1%S&P 500 +68.5%
5y return+45.3%S&P 500 +74.5%
10y return+409.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $509 against $357 in the S&P 500.2
Darsana Capital Partners LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPCXSpace Exploration Techn Corp | $17.3B | 77.8% | New |
| AMZNAmazon Com Inc | $595.9M | 2.7% | New |
| ECHOEchostar Corp | $507.5M | 2.3% | −28.6% |
| SHCSotera Health Co | $479.2M | 2.2% | +3.8% |
| GWREGuidewire Software Inc | $468.1M | 2.1% | −4.9% |
| HCAHca Healthcare Inc | $428.9M | 1.9% | +46.7% |
| FWONKLiberty Media Corp Del | $409.1M | 1.8% | |
| NYTNew York Times Co Mtn Be | $349.9M | 1.6% | |
| DKSDicks Sporting Goods Inc | $340.2M | 1.5% | +9.1% |
| WMGWarner Music Group Corp | $323.3M | 1.5% | |
| WINGWingstop Inc | $260.1M | 1.2% | +20.0% |
| EFXEquifax Inc | $238.1M | 1.1% | |
| SCHWSchwab Charles Corp | $207.6M | 0.9% | |
| METAMeta Platforms Inc | $169.0M | 0.8% | New |
| VRTVertiv Holdings Co | $82.0M | 0.4% | −75.5% |
| FWONALiberty Media Corp Del | $74.4M | 0.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ECHOEchostar Corp | June 30, 2024 | +469.9% | $507.5M |
| VRTVertiv Holdings Co | December 31, 2025 | +106.7% | $82.0M |
| NYTNew York Times Co Mtn Be | June 30, 2020 | +66.5% | $349.9M |
| SHCSotera Health Co | June 30, 2024 | +49.5% | $479.2M |
| SCHWSchwab Charles Corp | March 31, 2025 | +17.9% | $207.6M |
| HCAHca Healthcare Inc | March 31, 2024 | +16.9% | $428.9M |
| DKSDicks Sporting Goods Inc | December 31, 2025 | +14.6% | $340.2M |
| GWREGuidewire Software Inc | June 30, 2020 | +11.0% | $468.1M |
| FWONALiberty Media Corp Del | December 31, 2024 | +4.2% | $74.4M |
| FWONKLiberty Media Corp Del | December 31, 2024 | +2.7% | $409.1M |
Sold off last quarter
- SGISomnigroup International Inc was $196.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.4% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | +7.7% | +2.4% |
| September 30, 2025 | +19.3% | +7.8% |
| June 30, 2025 | +11.1% | +10.5% |
| March 31, 2025 | −0.1% | −4.6% |
| December 31, 2024 | −5.1% | +2.1% |
| September 30, 2024 | +12.1% | +5.4% |
| June 30, 2024 | +0.1% | +4.0% |
| March 31, 2024 | +11.9% | +10.0% |
| December 31, 2023 | +17.2% | +11.2% |
| September 30, 2023 | +7.0% | −3.6% |
| June 30, 2023 | +10.3% | +8.3% |
| March 31, 2023 | +15.2% | +7.0% |
| December 31, 2022 | +11.7% | +7.1% |
| September 30, 2022 | −3.9% | −5.3% |
| June 30, 2022 | −28.9% | −16.5% |
| March 31, 2022 | −21.3% | −4.9% |
| December 31, 2021 | −4.0% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Darsana Capital Partners LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1609098&type=13F-HR&dateb=&owner=include&count=40CIK 1609098
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1609098/000117266126003746/Filed August 14, 2026 · accession 0001172661-26-003746