Darsana Fund LP
Darsana Fund LP is a hedge fund based in New York, New York. According to its most recent Form D, filed May 22, 2026, the fund has sold $2,613,842,331 of interests to 114 investors since its first sale in Jun 2014. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Darsana Capital Partners LP; Darsana Capital GP LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Darsana Capital Partners LP, which manages it, disclosed U.S. stock holdings that returned an estimated -5.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +43.0% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $2,613,842,331Cumulative sales reported on Form D
- Investors
- 114
- First sale
- Jun 1, 2014
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Darsana Capital Partners LP; Darsana Capital GP LLC
- Latest Form D
- May 22, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Darsana Fund LP
What is the minimum investment for Darsana Fund LP?
Darsana Fund LP's latest Form D, filed May 22, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Darsana Fund LP?
Darsana Fund LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Darsana Fund LP raised?
Darsana Fund LP reports $2,613,842,331 sold from 114 investors on its Form D filed May 22, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Darsana Fund LP based?
Darsana Fund LP is based in New York, New York and is managed by Darsana Capital Partners LP.
When did Darsana Fund LP launch?
Darsana Fund LP reports its first sale in Jun 2014.
Size compared with every hedge fund
Raised more than 96% of the 2,544 hedge funds based in New York, and more than 97% of all 10,308 that report sales.