Darsana Capital Partners LP filed Q1 2026 13F: SATS leads a $4.7B portfolio

Filed: 2026-05-15 · Report date: 2026-03-31 · Form: 13F-HR

Source: SEC EDGAR filing

Portfolio overview

Portfolio value: $4.7B
Holdings: 14
Previous quarter: 2025-12-31

Top 5 holdings

SATS — $819.5M (17.4%)
GWRE — $598.2M (12.7%)
NYT — $421.9M (9.0%)
SHC — $372.8M (7.9%)
FWONA — $365.6M (7.8%)

Exits

TDG — last seen at $266M
AERCAP HOLDINGS NV — last seen at $68.3M

Biggest adds

DKS — +$173.7M (now $272.6M)
GWRE — +$95.7M (now $598.2M)
SATS — +$58.6M (now $819.5M)

Biggest trims

HCA — -$111.9M (now $354.9M)
NYT — -$109.8M (now $421.9M)
SHC — -$85.8M (now $372.8M)

Methodology note

13F filings are public quarterly disclosures with up to a 45-day lag from quarter-end. Numbers here reflect the manager's disclosed long US equity positions only; they are not a real-time portfolio, do not include derivatives or short positions, and are not actual fund NAV. Not investment advice.

Full case file: https://worldsmartmoney.com/manager/darsana-capital

This article: https://worldsmartmoney.com/news/darsana-capital-2026-03-31-002303

English thread

Tweet 1/5 · 172 chars

Darsana Capital Partners LP filed Q1 2026 13F.

Portfolio: $4.7B (14 holdings)
Top: SATS $819.5M (17.4%)

https://worldsmartmoney.com/news/darsana-capital-2026-03-31-002303

Tweet 2/5 · 132 chars

Top 5 holdings:

1. SATS $819.5M (17.4%)
2. GWRE $598.2M (12.7%)
3. NYT $421.9M (9.0%)
4. SHC $372.8M (7.9%)
5. FWONA $365.6M (7.8%)

Tweet 3/5 · 69 chars

Position changes from 2025-12-31:

🚪 Exited: TDG, AERCAP HOLDINGS NV

Tweet 4/5 · 124 chars

📈 Biggest adds:
  DKS +$173.7M
  GWRE +$95.7M
  SATS +$58.6M

📉 Biggest trims:
  HCA -$111.9M
  NYT -$109.8M
  SHC -$85.8M

Tweet 5/5 · 246 chars

Source: SEC 13F (≤45-day disclosure lag, not real-time, not fund NAV).

SEC: https://www.sec.gov/Archives/edgar/data/1609098/000117266126002303/0001172661-26-002303-index.htm
WSM: https://worldsmartmoney.com/news/darsana-capital-2026-03-31-002303

Chinese thread

Tweet 1/5 · 153 chars

Darsana Capital Partners LP 更新 2026 Q1 13F

组合：$4.7B（14 只持仓）
第一持仓：SATS $819.5M（17.4%）

https://worldsmartmoney.com/news/darsana-capital-2026-03-31-002303

Tweet 2/5 · 120 chars

前 5 大持仓：

1. SATS $819.5M（17.4%）
2. GWRE $598.2M（12.7%）
3. NYT $421.9M（9.0%）
4. SHC $372.8M（7.9%）
5. FWONA $365.6M（7.8%）

Tweet 3/5 · 48 chars

相比 2025-12-31 的变化：

🚪 清仓：TDG、AERCAP HOLDINGS NV

Tweet 4/5 · 107 chars

📈 加仓最多：
  DKS +$173.7M
  GWRE +$95.7M
  SATS +$58.6M

📉 减仓最多：
  HCA -$111.9M
  NYT -$109.8M
  SHC -$85.8M

Tweet 5/5 · 215 chars

来源：SEC 13F（最多滞后 45 天公开，非实时，不代表基金净值）

SEC 原文：https://www.sec.gov/Archives/edgar/data/1609098/000117266126002303/0001172661-26-002303-index.htm
WSM 解读：https://worldsmartmoney.com/news/darsana-capital-2026-03-31-002303

13F is a quarterly disclosure with up to 45-day lag. Not real-time, not fund NAV, not investment advice.