Darlington Partners Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Darlington Partners Capital Management reported a $2.3 bn portfolio of 10 positions to the SEC as of the end of Q2 2026. Its largest positions are TPG, FOUR, LPLA.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Darlington Partners Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
What changed this quarter
5 positions with a change (2 added to, 3 trimmed). 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Lineage−45%fewer sharesReduced4.1% → 2.9%
- Shift4 Payments+8.9%more sharesIncreased12.9% → 15.4%
- LPL Financial Holdings+11%more sharesIncreased12.1% → 12.3%
- Warner Music Group−11%fewer sharesReduced8.7% → 8.0%
- Six Flags Entertainment−11%fewer sharesReduced6.9% → 7.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- TPGTPG16.1%
- Shift4 PaymentsFOUR15.4%
- LPL Financial HoldingsLPLA12.3%
- TKO Group HoldingsTKO12.0%
- SalesforceCRM10.8%
- Global-E OnlineGLBE10.7%
- Warner Music GroupWMG8.0%
- Six Flags EntertainmentFUN7.2%
- Accel EntertainmentACEL4.5%
- LineageLINE2.9%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 44%
- ● Information Technology 21%
- ● Communication Services 20%
- ● Consumer Discretionary 12%
- ● Real Estate 3%
How its portfolio changed (8 quarters)
Q2 2026: 10
Q2 2026: 100%
Q2 2026: 3.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 25, 2026 (high confidence).
The data, as reported: DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP (CRD 311926): 7.B private funds: 1 hedge, 1 other (gross assets $3.3 bn); 5.D assets by client type: pooled vehicles 100% (of $3.3 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Maj Invest Holding A/SInvestment firm · $2.3 bn
- New South Capital ManagementInvestment firm · $2.3 bn
- Senator Investment GroupInvestment firm · $2.3 bn
- Logos Global ManagementInvestment firm · $2.3 bn
- Madison Avenue PartnersInvestment firm · $2.3 bn
- NS PartnersInvestment firm · $2.3 bn