Darsana Capital Partners’s Warner Music WMG Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$303M	Buy	11,850,000 +3,850,000	+48%	+$109M	6.44%	7
2025 Q4	$245M	Buy	8,000,000 +1,750,000	+28%	+$53.5M	4.89%	9
2025 Q3	$213M	Sell	6,250,000 -1,750,000	-22%	-$55.8M	5.01%	11
2025 Q2	$218M	Buy	8,000,000 +1,000,000	+14%	+$27.9M	6.22%	10
2025 Q1	$219M	Buy	7,000,000 +1,000,000	+17%	+$32.5M	6.38%	9
2024 Q4	$186M	Buy	6,000,000 +5,917,879	+7,206%	+$189M	5.66%	10
2024 Q3	$2.57M	Buy	+82,121	New	+$2.43M	0.06%	15
2022 Q4	–	Sell	-4,500,000	Closed	-$104M	–	12
2022 Q3	$104M	Hold	4,500,000	–	–	5.36%	9
2022 Q2	$110M	Buy	4,500,000 +1,000,000	+29%	+$29.8M	5.9%	10
2022 Q1	$132M	Buy	3,500,000 +518,951	+17%	+$19.7M	6.72%	8
2021 Q4	$129M	Sell	2,981,049 -1,225,000	-29%	-$55.1M	5.95%	8
2021 Q3	$180M	Hold	4,206,049	–	–	5.92%	9
2021 Q2	$152M	Hold	4,206,049	–	–	4.54%	13
2021 Q1	$144M	Sell	4,206,049 -1,306,189	-24%	-$46.7M	4.03%	11
2020 Q4	$209M	Buy	5,512,238 +647,968	+13%	+$19.8M	5.91%	7
2020 Q3	$140M	Buy	4,864,270 +1,364,270	+39%	+$39.8M	7.11%	8
2020 Q2	$103M	Buy	+3,500,000	New	+$109M	6.12%	8

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Darlington Partners Capital Management Greenbrae, California $2.23B AUM 16.2% 1-Year Est. Return

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Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Fidelity International

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Cooke & Bieler Philadelphia, Pennsylvania $8.84B AUM 6.92% 1-Year Est. Return

Thrivent Financial for Lutherans

Thrivent Financial for Lutherans Minneapolis, Minnesota $52.5B AUM 27.12% 1-Year Est. Return