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Darsana Capital Partners LP
Anand Desai · Hedge Fund · Long/Short Equity
Darsana Capital Partners LP is a New York-based investment management firm founded in 2014 by Anand Desai, a former founding partner at Eton Park Capital Management. The firm primarily operates as a fundamental long/short equity hedge fund with a focus on global public markets. Darsana employs a value-oriented approach, utilizing deep fundamental research to identify and invest in companies and industries undergoing significant secular changes. The firm is known for maintaining a highly concentrated portfolio of high-conviction positions, aiming to achieve high absolute rates of return while prioritizing capital preservation. Headquartered in Manhattan, it serves a sophisticated client base through its master-feeder fund structure.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +7.5% |
| YTD return | -3.0% |
| Sharpe ratio | 3.54 |
| Win rate | 42% |
| AUM | $19.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $19.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | N/A |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| SPCX | SPAC and New Issue ETF | 73.2% | +4.6% |
| GWRE | Guidewire Software Inc | 4.1% | -4.8% |
| AMZN | Amazon.com Inc | 3.4% | -3.0% |
| FWONK | Liberty Media Corporation Series C Liberty Formula One Common Stock | 2.7% | -1.8% |
| SHC | Sotera Health Co | 2.7% | +16.8% |
| HCA | HCA Holdings Inc | 2.4% | -4.7% |
| ECHO | ECHO | 2.2% | -7.8% |
| NYT | New York Times Company | 1.8% | +21.0% |
| WMG | Warner Music Group | 1.7% | -14.5% |
| EFX | Equifax Inc | 1.5% | -17.3% |
| SCHW | Charles Schwab Corp | 1.3% | +18.9% |
| DKS | Dick’s Sporting Goods Inc | 1.0% | -37.6% |
| META | Meta Platforms Inc. | 0.9% | +6.7% |
| WING | Wingstop Inc | 0.9% | -50.9% |
| VRT | Vertiv Holdings Co | 0.3% | +13.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | WMG | 6.9% → 1.7% |
| Aug 31, 2026 | SELL | WING | 5.3% → 0.9% |
| Aug 31, 2026 | SELL | EFX | 5.2% → 1.5% |
| Aug 31, 2026 | SELL | SCHW | 4.5% → 1.3% |
| Aug 31, 2026 | SELL | SGI | 4.6% → 0.0% |
Investment Style Analysis
Darsana Capital Partners LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 4, 2026, the firm oversees approximately $19.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Other and Entertainment sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Darsana Capital Partners LP made a significant move by reducing the position in WMG. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm’s investment philosophy is rooted in a fundamental, long-term perspective that emphasizes micro-driven idea generation and data-intensive research. Darsana seeks to identify businesses where it has a differentiated view on the outcome of significant secular shifts. By maintaining a concentrated portfolio, the firm aims to capture asymmetric risk-reward opportunities that traditional, more diversified approaches might overlook. The strategy integrates a consistent investment framework and a collaborative culture to compound capital at high absolute rates of return while seeking to avoid significant permanent capital loss.
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 Darsana Capital Partners LP.
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Frequently asked questions
How is the simulated portfolio for Darsana Capital Partners 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 Darsana Capital Partners LP's largest holding?
As of the latest filing, Darsana Capital Partners LP's top position is SPAC and New Issue ETF (SPCX), representing 73.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is Darsana Capital Partners LP's historical performance and risk profile?
Our simulation indicates a total return of +7.5% with a win rate of 42%. Notably, the portfolio maintains a Sharpe Ratio of 3.54, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Darsana Capital Partners LP primarily invest in?
Darsana Capital Partners LP has a strong preference for the Other sector, which makes up 75.4% of their disclosed assets. The portfolio also has exposure to Entertainment, indicating a specific thematic focus.
Is Darsana Capital Partners LP's portfolio concentrated or diversified?
Darsana Capital Partners LP runs a highly concentrated portfolio with 15 disclosed positions. The top 3 holdings alone account for 80.6% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Darsana Capital Partners LP performed in 2026?
Our AI-simulated model portfolio for Darsana Capital Partners LP tracks a Year-to-Date (YTD) return of -3.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Anand Desai manage Darsana Capital Partners LP directly?
Yes, Anand Desai serves as the key portfolio manager for Darsana Capital Partners LP, overseeing the investment strategy and final capital allocation decisions.