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Darlington Partners Capital Management, LP
Scott Clark · Hedge Fund · Value
Darlington Partners Capital Management, LP is an investment management firm based in Greenbrae, California. Established in 2020, the firm was formed as a spin-out from Fairview Capital Investment Management by founders Scott Clark and Ramsey Jishi. Darlington specializes in a concentrated, public equity-focused investment strategy, catering to a select group of institutional clients including endowments, foundations, and family offices. The firm is characterized by a disciplined, long-term approach to asset management, emphasizing rigorous fundamental research and a commitment to capital preservation. By identifying high-quality businesses that are often overlooked or out of favor, the firm seeks to build a portfolio of investments with a significant margin of safety. Darlington's operations are led by a team of experienced professionals dedicated to aligning their interests with those of their limited partners through a transparent and focused investment process.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -13.5% |
| YTD return | -12.2% |
| Sharpe ratio | -3.44 |
| Win rate | 43% |
| AUM | $2.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://darlington-partners.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| TPG | TPG Inc | 19.0% | -4.9% |
| CRM | Salesforce.com Inc | 15.9% | +6.1% |
| LPLA | LPL Financial Holdings Inc | 14.2% | +2.6% |
| FOUR | Shift4 Payments Inc | 12.4% | -37.1% |
| GLBE | Global-E Online Ltd | 10.7% | +11.0% |
| TKO | TKO Group Holdings, Inc. | 9.6% | -4.4% |
| WMG | Warner Music Group | 7.3% | -15.5% |
| FUN | Six Flags Entertainment Corporation | 4.8% | -43.2% |
| ACEL | Accel Entertainment Inc | 3.7% | +2.5% |
| LINE | Lineage, Inc. Common Stock | 2.4% | -7.4% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | BUY | CRM | 12.3% → 15.9% |
| Aug 31, 2026 | BUY | FOUR | 11.0% → 12.4% |
| Aug 31, 2026 | SELL | ACEL | 4.1% → 3.7% |
| Aug 31, 2026 | SELL | WMG | 8.3% → 7.3% |
| Aug 31, 2026 | SELL | LINE | 4.7% → 2.4% |
Investment Style Analysis
Darlington Partners Capital Management, LP is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $2.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Asset Management and Entertainment sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Darlington Partners Capital Management, LP made a significant move by increasing exposure to CRM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Darlington Partners' investment philosophy centers on a long-term business ownership mindset, prioritizing patience and discipline over short-term market trends. The firm aims to generate superior risk-adjusted returns by investing in a concentrated portfolio of high-quality, growing companies purchased at discounted valuations. Central to their strategy is the identification of businesses that are off the beaten path or out of favor with the broader market. Darlington employs a rigorous bottom-up due diligence process, underwriting each investment with a significant margin of safety to protect against permanent capital impairment. This fundamental approach is designed to exploit market inefficiencies and align closely with the interests of long-term institutional investors.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Darlington Partners Capital Management, LP.
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Frequently asked questions
How is the simulated portfolio for Darlington Partners Capital Management, LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Darlington Partners Capital Management, LP's largest holding?
As of the latest filing, Darlington Partners Capital Management, LP's top position is TPG Inc (TPG), representing 19.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Darlington Partners Capital Management, LP's historical performance and risk profile?
Our simulation indicates a total return of -13.5% with a win rate of 43%. Notably, the portfolio maintains a Sharpe Ratio of -3.44, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Darlington Partners Capital Management, LP primarily invest in?
Darlington Partners Capital Management, LP has a strong preference for the Asset Management sector, which makes up 19.0% of their disclosed assets. The portfolio also has exposure to Entertainment, indicating a specific thematic focus.
Is Darlington Partners Capital Management, LP's portfolio concentrated or diversified?
Darlington Partners Capital Management, LP runs a highly concentrated portfolio with 10 disclosed positions. The top 3 holdings alone account for 49.1% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Darlington Partners Capital Management, LP performed in 2026?
Our AI-simulated model portfolio for Darlington Partners Capital Management, LP tracks a Year-to-Date (YTD) return of -12.2%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Scott Clark manage Darlington Partners Capital Management, LP directly?
Yes, Scott Clark serves as the key portfolio manager for Darlington Partners Capital Management, LP, overseeing the investment strategy and final capital allocation decisions.