DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP

CIK 0001854440 · Q2 2026

13F Equity AUM

$2.3B

+1.8% QoQ

Positions

0 QoQ

AUM Rank

#1,424

Top 16%

Skill Alpha (FF)

+1.4%/yr^ns

No Clear Edge

Rank #1,650 · Top 20%

vs S&P -5.3%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 66.6%Top 10: 100.0%Top 20: 100.0%

TPG16.1%

FOUR15.4%

LPLA12.3%

TKO12.0%

CRM10.8%

GLBE10.7%

WMG8.0%

FUN7.2%

ACEL4.5%

LINE2.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services28.5%

Technology26.2%

Consumer Cyclical22.4%

Communication Services20.0%

Real Estate2.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 10Median: 10.74%Avg: 10.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

1(2.9%)

3–5%

1(4.5%)

5%+

8(92.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 10vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased2Decreased3Exited0

Increased

FOUR15.4%

+585K(+9%)

LPLA12.3%

+100K(+11%)

Decreased

LINE2.9%

-1,235,820(-45%)

FUN7.2%

-1,000,000(-11%)

WMG8.0%

-846,000(-11%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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