Darlington Partners Capital Management’s Warner Music WMG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$193M	Buy	7,551,884 +900,000	+14%	+$25.5M	8.67%	7
2025 Q4	$204M	Sell	6,651,884 -5,343,396	-45%	-$163M	8.16%	6
2025 Q3	$409M	Hold	11,995,280	–	–	13.79%	1
2025 Q2	$327M	Hold	11,995,280	–	–	10.4%	3
2025 Q1	$376M	Buy	11,995,280 +1,625,000	+16%	+$52.8M	12.57%	2
2024 Q4	$321M	Buy	10,370,280 +1,500,000	+17%	+$48M	12.01%	3
2024 Q3	$278M	Buy	8,870,280 +797,908	+10%	+$23.6M	11.24%	3
2024 Q2	$247M	Buy	8,072,372 +2,594,994	+47%	+$83.3M	12.16%	4
2024 Q1	$181M	Hold	5,477,378	–	–	10.38%	5
2023 Q4	$196M	Sell	5,477,378 -278,009	-5%	-$9.18M	11.27%	2
2023 Q3	$181M	Sell	5,755,387 -305,476	-5%	-$9.57M	11.13%	4
2023 Q2	$158M	Buy	6,060,863 +1,963,856	+48%	+$54.4M	10.84%	4
2023 Q1	$137M	Sell	4,097,007 -381,214	-9%	-$12.8M	10.28%	5
2022 Q4	$157M	Sell	4,478,221 -2,186,509	-33%	-$63.7M	14.32%	1
2022 Q3	$155M	Buy	6,664,730 +57,038	+0.9%	+$1.57M	12.81%	2
2022 Q2	$161M	Buy	6,607,692 +2,510,685	+61%	+$74.9M	12.45%	3
2022 Q1	$137M	Buy	4,097,007 +66,434	+2%	+$2.52M	10.28%	5
2021 Q4	$174M	Buy	+4,030,573	New	+$181M	11.67%	2