Darlington Partners Capital Management Portfolio holdings
Darlington Partners Capital Management manages private investment funds that hold a concentrated portfolio of public companies, aiming to buy good businesses at discounted prices. Its entire team spun out of Fairview Capital Investment Management in 2021; Fairview had first launched the Darlington Partners fund in 1996. Scott Clark and Ramsey Jishi manage the firm. Its limited partners include endowments, foundations and family offices.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LPL Financial
LPLA
|
+$30M |
| 2 |
Shift4
FOUR
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lineage Inc
LINE
|
+$48.6M |
| 2 |
Warner Music
WMG
|
+$25.2M |
| 3 |
Cedar Fair
FUN
|
+$20.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.46% |
| 2 | Technology | 26.18% |
| 3 | Consumer Discretionary | 22.42% |
| 4 | Communication Services | 20.01% |
| 5 | Real Estate | 2.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
TPG
TPG
$8.67B
| $365M | 16.11% |
9,000,000
| – | – |
2025 Q2
4 quarters
|
|
|
2
Shift4
FOUR
$3.11B
| $348M | 15.38% |
7,161,844
+585,335
| +9% | +$25.3M |
2024 Q3
7 quarters
|
|
|
3
LPL Financial
LPLA
$22.8B
| $280M | 12.35% |
993,006
+100,000
| +11% | +$30M |
2021 Q4
18 quarters
|
|
4
TKO Group
TKO
$14.1B
| $272M | 12% |
1,350,367
| – | – |
2023 Q3
11 quarters
|
|
5
Salesforce
CRM
$179B
| $245M | 10.8% |
1,561,852
| – | – |
2023 Q1
13 quarters
|
|
6
Global E Online
GLBE
$6.9B
| $242M | 10.67% |
6,961,820
| – | – |
2025 Q4
2 quarters
|
|
|
7
Warner Music
WMG
$16.6B
| $182M | 8.01% |
6,705,884
-846,000
| -11% | -$25.2M |
2021 Q4
18 quarters
|
|
|
8
Cedar Fair
FUN
$1.14B
| $164M | 7.24% |
7,700,000
-1,000,000
| -11% | -$20.4M |
2024 Q4
6 quarters
|
|
9
Accel Entertainment
ACEL
$1.11B
| $102M | 4.51% |
8,098,349
| – | – |
2021 Q4
18 quarters
|
|
|
10
Lineage Inc
LINE
$7.96B
| $66.3M | 2.93% |
1,533,843
-1,235,820
| -45% | -$48.6M |
2024 Q4
6 quarters
|
|
Similar funds
Darlington Partners Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Darlington Partners Capital Management held 10 positions worth $2.27B, up 1.8% from $2.23B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q2 2026: portfolio turnover was 0%. Darlington Partners Capital Management opened no new positions and made no exits, leaving the 10-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
- Darlington Partners Capital Management added most to LPL Financial in Q2 2026, an estimated $30M increase.
- Darlington Partners Capital Management's biggest Q2 2026 reduction was Lineage Inc, cutting an estimated $48.6M.
- Darlington Partners Capital Management's ten largest holdings make up 100% of its $2.27B portfolio in Q2 2026.
- Darlington Partners Capital Management opened 0 new positions and closed 0 in Q2 2026.
- Darlington Partners Capital Management's portfolio value rose 1.8% quarter-over-quarter to $2.27B.
Based on Darlington Partners Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.