Darling Ingredients Inc.

DAR • NYSE

Darling Ingredients Inc. is a packaged foods company in the consumer defensive sector on NYSE, led by Randall C. Stuewe, with a market cap of $5.8B. As of Q3 2025, 107% of shares are held by 453 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.41%.

Chairman and Chief Executive OfficerRandall C. Stuewe

Market Cap$5.8B

Packaged Foods

Consumer Defensive

Employees15.8K

Websitedarlingii.com

Country

United States of America

Overview

Overview of institutional ownership in DAR as of Q3 2025 with a market cap of $4.9B

All Institutions

Institutions: 453
Value Held: $5.2B
Shares Held: 169.7M
Avg Position: $11.6M
Median Position: $884.3K

Hedge Funds

Hedge Funds: 57
Value Held: $724.5M
Shares Held: 23.5M
Avg Position: $12.7M
Median Position: $2.3M

Ownership Breakdown

Institutional (non-HF)

92.53%

$4.5B

Hedge Funds

14.84%

$724.5M

Retail & Other

Based on market cap of $4.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DAR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$459.4M 0.01% of portfolio	9.41% 14.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$454.7M 0.01% of portfolio	9.31% 14.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
UBS Group AG Institution	Sergio P. Ermotti CEO	$283.2M 0.06% of portfolio	5.80% 9.2M shares	Q4 2014 Held for 10y 11m	$511.54B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$240.1M 0.05% of portfolio	4.92% 7.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FMR LLC Institution	-	$185.4M 0.01% of portfolio	3.80% 6.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	$172.1M 5.33% of portfolio	3.52% 5.6M shares	Q4 2023 Held for 1y 11m	$3.2B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$168.2M 0.01% of portfolio	3.44% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$158.1M 0.50% of portfolio	3.24% 5.1M shares	Q4 2015 Held for 9y 11m	$31.4B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$152.8M 0.13% of portfolio	3.13% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$122.08B
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	$139.7M 0.61% of portfolio	2.86% 4.5M shares	Q3 2017 Held for 8y 2m	$23.1B

Net Capital Flow

Institutional buying and selling activity for DAR in Q3 2025

Traded: +$189.0M
Buyers: 207
Sellers: 254
Total Bought: +$732.0M
Total Sold: −$543.0M
Avg Position: $9.9M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$148.3M +4.8M shares	$283.2M 9.2M shares
I Ilex Capital Partners LLP Institution	+$100.4M +3.3M shares	$100.4M 3.3M shares
No Street GP LP Hedge Fund•Long/Short	+$69.5M +2.3M shares	$69.5M 2.3M shares
Appian Way Asset Management LP Hedge Fund•Market Neutral	+$51.8M +1.7M shares	$53.9M 1.7M shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	+$29.6M +959.4K shares	$29.6M 959.4K shares
BARCLAYS PLC Institution	+$18.8M +609.1K shares	$36.3M 1.2M shares
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	+$17.4M +569.3K shares	$20.5M 667.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$16.8M +544.8K shares	$19.6M 634.4K shares
BANK OF AMERICA CORP /DE/ Institution	+$16.6M +536.9K shares	$115.8M 3.8M shares
MORGAN STANLEY RIA/Wealth	+$16.6M +536.5K shares	$79.2M 2.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$44.7M −1.4M shares	$152.8M 5.0M shares
Gates Capital Management, Inc. Hedge Fund•Event Driven	−$42.5M −1.4M shares	$172.1M 5.6M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$41.6M −1.4M shares	$24.9M 811.4K shares
Goodlander Investment Management, LLC Hedge Fund•Long/Short	−$28.5M −750.0K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$23.1M −747.8K shares	$454.7M 14.7M shares
A AMERICAN CENTURY COMPANIES INC Institution	−$22.6M −730.6K shares	$7.5M 242.4K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$19.9M −646.2K shares	$13.1M 424.0K shares
Bank of New York Mellon Corp Institution	−$16.2M −526.1K shares	$85.2M 2.8M shares
R Rheos Capital Works Inc. Institution	−$16.1M −425.0K shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$15.2M −493.0K shares	$3.8M 122.9K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DAR in Q3 2025

New Positions: 17
New Value: $113.4M
Exited Positions: 74
Exited Value: $128.2M

New Positions

Institution	Position Value
No Street GP LP Hedge Fund•Long/Short	$69.5M 2.3M shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$29.6M 959.4K shares
N Newtyn Management, LLC Hedge Fund•Event Driven	$9.3M 300.0K shares
Adviser Investments LLC Family Office	$2.5M 81.3K shares
F FourWorld Capital Management LLC Institution	$1.0M 34.0K shares
Clear Harbor Asset Management, LLC RIA/Wealth	$647.7K 21.0K shares
Global Endowment Management, LP Fund of Funds	$462.5K 15.0K shares
S Shay Capital LLC Institution	$231.5K 7.5K shares
B Byrne Asset Management LLC RIA/Wealth	$65.1K 2.1K shares
A Abich Financial Wealth Management LLC RIA/Wealth	$36.8K 1.2K shares

Exited Positions

Institution	Previous Position
Goodlander Investment Management, LLC Hedge Fund•Long/Short	$28.5M 750.0K shares
R Rheos Capital Works Inc. Institution	$16.1M 425.0K shares
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$13.9M 365.8K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$11.0M 289.3K shares
BANK OF NOVA SCOTIA / Institution	$8.1M 213.9K shares
Trexquant Investment LP Hedge Fund•Quant	$5.6M 147.0K shares
B BNP Paribas Investment Partners S.A. Institution	$5.5M 144.6K shares
M MACQUARIE GROUP LTD Institution	$4.5M 118.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.9M 77.7K shares
Access Investment Management LLC RIA/Wealth	$2.8M 73.6K shares

Options Activity

Institutions with the largest Call and Put options positions in DAR as of Q3 2025

Call Positions: 29
Call Value: $163.8M
Put Positions: 16
Put Value: $40.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$33.9M 11.0K contracts
J JANE STREET GROUP, LLC Institution	$25.5M 8.3K contracts
Gates Capital Management, Inc. Hedge Fund•Event Driven	$24.4M 7.9K contracts
Appian Way Asset Management LP Hedge Fund•Market Neutral	$18.2M 5.9K contracts
K Knott David M Jr Institution	$9.3M 3.0K contracts
Brooklands Fund Management Ltd Hedge Fund•Multi-Strategy	$8.6M 2.8K contracts
W WOLVERINE TRADING, LLC Institution	$6.8M 2.2K contracts
BARCLAYS PLC Institution	$6.3M 2.0K contracts
Walnut Level Capital LLC Hedge Fund•Sector	$6.2M 2.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.6M 1.5K contracts

Put Positions

Institution	Position Value
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$16.8M 5.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.3M 1.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.3M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$3.2M 1.0K contracts
Walnut Level Capital LLC Hedge Fund•Sector	$3.1M 1.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.2M 718.0 contracts
N NOMURA HOLDINGS INC Institution	$1.3M 417.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.2M 382.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 375.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$1.1M 346.0 contracts

Most Committed Institutions

Institutions with DAR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Appian Way Asset Management LP Hedge Fund•Market Neutral	Andrew Christopher Byington CIO	11.71% $53.9M	1.10% 1.7M shares	Q2 2025 Held for 5 months	$460.0M
H Harspring Capital Management, LLC Hedge Fund•Long/Short	Alan Takeo Kikuchi COO	10.88% $28.2M	0.58% 915.0K shares	Q2 2025 Held for 5 months	$259.6M
Walnut Level Capital LLC Hedge Fund•Sector	Charles William Antrim CIO	8.30% $11.8M	0.24% 381.4K shares	Q4 2023 Held for 1y 11m	$141.9M
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short	Brian Kuzma Managing Partner	6.37% $20.5M	0.42% 667.3K shares	Q2 2024 Held for 1y 5m	$320.9M
G GRIZZLYROCK CAPITAL, LLC Hedge Fund•Value	Michael Timothy Holt Member	6.32% $8.1M	0.17% 263.7K shares	Q1 2025 Held for 8 months	$128.8M
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	5.33% $172.1M	3.52% 5.6M shares	Q4 2023 Held for 1y 11m	$3.2B
SOUTHERNSUN ASSET MANAGEMENT, LLC Long Only Manager	Michael Whitman Cook Chairman	4.76% $36.7M	0.75% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$771.8M
No Street GP LP Hedge Fund•Long/Short	Jeffrey Bryan Osher Founder	4.62% $69.5M	1.42% 2.3M shares	Q3 2025 Held for 2 months	$1.5B
N NFC Investments, LLC RIA/Wealth	Charles Kyle Slatery CEO	4.16% $14.4M	0.29% 465.8K shares	Q4 2023 Held for 1y 11m	$345.4M
I Ilex Capital Partners LLP Institution	-	3.21% $100.4M	2.06% 3.3M shares	Q1 2025 Held for 8 months	$3.1B

Hedge Fund Spotlight

Discover hedge funds investing in DAR

Merewether Investment Management, LP

Hedge Fund • Sector

Portfolio ManagerRodney W. J. Saddington

Portfolio Value: $4.2B
Positions: 70
Last Reported: Q3 2025

Sector Allocation

Position in Darling Ingredients Inc.

Market Value: $636.4K
Shares Held: 20.6K
Portfolio Weight: 0.02%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Entergy ETR	Regulated Electric Utilities	$200.2M	4.79%
2 MasTec MTZ	Engineering & Construction Industrials	$184.6M	4.42%
3 Sempra Energy SRE	Diversified Utilities Utilities	$175.4M	4.20%