DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Diversified Active

CIK: 0001854440 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,499,932 (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (1)

GLBE GLOBAL E ONLINE LTD 5.9%

Value ($000) $147,817 Shares 3,760,279 Est. Cost $37.09 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLBE	GLOBAL E ONLINE LTD	3,760,279	$147,817	5.9%	$37.09	0.0%	SHS	M5216V106

Increased Positions (1)

FOUR SHIFT4 PMTS INC 14.0%

Value ($000) $350,852 (-10.6%) Shares 5,571,725 (+9.9%) Est. Cost $88.65 Unrealized -20.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FOUR	SHIFT4 PMTS INC	5,571,725 (+9.9%)	$350,852 (-10.6%)	14.0%	$88.65	-20.3%	CL A	82452J109

Exited Positions (1)

— MERIDIANLINK INC 5.2%

Value ($000) $130,719 Shares 6,558,899 Est. Cost $19.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MERIDIANLINK INC	6,558,899	$130,719	5.2%	$19.22	—	—	58985J105

Decreased Positions (4)

WMG WARNER MUSIC GROUP CORP 8.2%

Value ($000) $204,013 (-50.1%) Shares 6,651,884 (-44.5%) Est. Cost $31.50 Unrealized -4.0%

LINE LINEAGE INC 2.2%

Value ($000) $56,203 (-71.7%) Shares 1,605,810 (-68.7%) Est. Cost $51.84 Unrealized —

FUN SIX FLAGS ENTERTAINMENT CORP 3.2%

Value ($000) $79,768 (-59.6%) Shares 5,200,000 (-40.2%) Est. Cost $41.22 Unrealized -56.1%

FWONK LIBERTY MEDIA CORP DEL 3.8%

Value ($000) $94,504 (-29.3%) Shares 959,329 (-25.0%) Est. Cost $75.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMG	WARNER MUSIC GROUP CORP	6,651,884 (-44.5%)	$204,013 (-50.1%)	8.2%	$31.50	-4.0%	COM CL A	934550203
LINE	LINEAGE INC	1,605,810 (-68.7%)	$56,203 (-71.7%)	2.2%	$51.84	—	COM	53566V106
FUN	SIX FLAGS ENTERTAINMENT CORP	5,200,000 (-40.2%)	$79,768 (-59.6%)	3.2%	$41.22	-56.1%	COM	83001C108
FWONK	LIBERTY MEDIA CORP DEL	959,329 (-25.0%)	$94,504 (-29.3%)	3.8%	$75.42	—	COM LBTY ONE S C	531229755

Unchanged Positions (8)

CRM SALESFORCE INC 13.3%

Value ($000) $331,628 Shares 1,251,852 Est. Cost $209.12 Unrealized +18.7%

TPG TPG INC 12.6%

Value ($000) $314,734 Shares 4,930,047 Est. Cost $47.97 Unrealized +23.1%

LNG CHENIERE ENERGY INC 4.1%

Value ($000) $103,185 Shares 530,815 Est. Cost $137.23 Unrealized +53.0%

LPLA LPL FINL HLDGS INC 11.2%

Value ($000) $279,666 Shares 783,006 Est. Cost $203.50 Unrealized +73.8%

BX BLACKSTONE INC 3.7%

Value ($000) $92,365 Shares 599,227 Est. Cost $97.81 Unrealized +54.8%

TKO TKO GROUP HOLDINGS INC 11.3%

Value ($000) $282,227 Shares 1,350,367 Est. Cost $92.65 Unrealized +109.1%

ACEL ACCEL ENTERTAINMENT INC 3.7%

Value ($000) $92,402 Shares 8,098,349 Est. Cost $12.42 Unrealized -15.2%

OS ONESTREAM INC 2.8%

Value ($000) $70,568 Shares 3,839,405 Est. Cost $25.65 Unrealized -25.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	1,251,852	$331,628	13.3%	$209.12	+18.7%	COM	79466L302
TPG	TPG INC	4,930,047	$314,734	12.6%	$47.97	+23.1%	COM CL A	872657101
LNG	CHENIERE ENERGY INC	530,815	$103,185	4.1%	$137.23	+53.0%	COM NEW	16411R208
LPLA	LPL FINL HLDGS INC	783,006	$279,666	11.2%	$203.50	+73.8%	COM	50212V100
BX	BLACKSTONE INC	599,227	$92,365	3.7%	$97.81	+54.8%	COM	09260D107
TKO	TKO GROUP HOLDINGS INC	1,350,367	$282,227	11.3%	$92.65	+109.1%	CL A	87256C101
ACEL	ACCEL ENTERTAINMENT INC	8,098,349	$92,402	3.7%	$12.42	-15.2%	COM CL A1	00436Q106
OS	ONESTREAM INC	3,839,405	$70,568	2.8%	$25.65	-25.7%	CL A	68278B107