Darsana Capital Partners’s Hilton Worldwide HLT Stock Holding History

Darsana Capital Partners’s Portfolio HLT Stock Details HLT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-500,000	Closed	-$133M	–	15
2025 Q2	$133M	Buy	500,000 +350,000	+233%	+$83.3M	3.8%	12
2025 Q1	$34.1M	Sell	150,000 -850,000	-85%	-$212M	0.99%	14
2024 Q4	$247M	Sell	1,000,000 -500,000	-33%	-$122M	7.52%	9
2024 Q3	$346M	Hold	1,500,000	–	–	8.51%	4
2024 Q2	$327M	Hold	1,500,000	–	–	8.95%	7
2024 Q1	$320M	Sell	1,500,000 -500,000	-25%	-$98.3M	10.28%	4
2023 Q4	$364M	Hold	2,000,000	–	–	12.99%	2
2023 Q3	$300M	Buy	2,000,000 +250,000	+14%	+$37.8M	14.73%	2
2023 Q2	$255M	Buy	1,750,000 +750,000	+75%	+$107M	16.43%	3
2023 Q1	$141M	Hold	1,000,000	–	–	9.48%	5
2022 Q4	$126M	Hold	1,000,000	–	–	8.43%	6
2022 Q3	$121M	Hold	1,000,000	–	–	6.19%	8
2022 Q2	$111M	Buy	1,000,000 +500,000	+100%	+$69.2M	6%	9
2022 Q1	$75.9M	Buy	+500,000	New	+$73.7M	3.85%	9
2021 Q4	–	Sell	-1,500,000	Closed	-$198M	–	15
2021 Q3	$198M	Hold	1,500,000	–	–	6.53%	7
2021 Q2	$181M	Hold	1,500,000	–	–	5.15%	10
2021 Q1	$181M	Sell	1,500,000 -500,000	-25%	-$57.8M	5.07%	8
2020 Q4	$223M	Hold	2,000,000	–	–	6.28%	6
2020 Q3	$171M	Buy	2,000,000 +1,000,000	+100%	+$83.6M	8.68%	4
2020 Q2	$73.5M	Buy	+1,000,000	New	+$74.2M	4.35%	11
2017 Q1	–	Sell	-2,166,667	Closed	-$177M	–	18
2016 Q4	$177M	Sell	2,166,667 -500,000	-19%	-$36.8M	8.56%	2
2016 Q3	$183M	Hold	2,666,667	–	–	9.16%	2
2016 Q2	$180M	Hold	2,666,667	–	–	9.37%	2
2016 Q1	$180M	Buy	+2,666,667	New	+$158M	7.96%	3

Other funds holding HLT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

Darsana Capital Partners's HLT Position: Q3 2025 in Review

Darsana Capital Partners sold out of Hilton Worldwide (HLT) in Q3 2025, closing a stake of 500,000 shares — an estimated $133M sold.

Darsana Capital Partners first reported a position in HLT in Q1 2016 and held it in 24 quarters. The position peaked at $364M in Q4 2023. 1,063 funds tracked by Wall St. Rank hold HLT as of Q3 2025.

Darsana Capital Partners reported no remaining Hilton Worldwide position as of Q3 2025 after selling out during the quarter.
Darsana Capital Partners sold 500,000 Hilton Worldwide shares in Q3 2025, an estimated $133M.
Darsana Capital Partners first reported a position in Hilton Worldwide in Q1 2016 and held it in 24 quarters.
Darsana Capital Partners's Hilton Worldwide position peaked at $364M in Q4 2023.
1,063 funds tracked by Wall St. Rank held Hilton Worldwide as of Q3 2025.

Based on Darsana Capital Partners's 13F filing for Q3 2025, filed 14 Nov 2025.