Darsana Capital Partners

Anand Desai

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

16

Market Value

$22.3B

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$SPCX

Space Exploration Technologies Corp.

77.8%

% of Portfolio

2

$AMZN

Amazon.com, Inc.

2.7%

% of Portfolio

3

$SATS

EchoStar Corporation

2.3%

% of Portfolio

4

$SHC

Sotera Health Company

2.1%

% of Portfolio

5

$GWRE

Guidewire Software, Inc.

2.1%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
SPCX77.8%---
AMZN2.7%---
SATS2.3%17.4%15.2%13.5%
SHC2.1%7.9%9.1%9.3%
GWRE2.1%12.7%10.0%10.8%
HCA1.9%7.6%9.3%10.0%
FWONK1.8%7.8%7.1%7.4%
NYT1.6%9.0%10.6%10.8%
DKS1.5%5.8%--
WMG1.4%6.4%4.9%-

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

SGI+47.72%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

SPCX-21.57%

Sector Analysis

Others77.8%
Financials0.9%
Healthcare4.1%
Technology2.1%
Industrials1.4%
Communication Services8.2%
Consumer Discretionary5.4%

Trading Summary

1

$SPCX

77.8%

2

$AMZN

2.7%

3

$META

0.8%

All Holdings

1

$SPCX

77.8%

2

$AMZN

2.7%

3

$SATS

2.3%

4

$SHC

2.1%

5

$GWRE

2.1%

6

$HCA

1.9%

7

$FWONK

1.8%

8

$NYT

1.6%

9

$DKS

1.5%

10

$WMG

1.4%

11

$WING

1.2%

12

$EFX

1.1%

13

$SCHW

0.9%

14

$META

0.8%

15

$VRT

0.4%

16

$FWONA

0.3%