DARLING INGREDIENTS INC DAR
COM · Common Stock · CUSIP 237266101 · ISIN US2372661015
Darling Ingredients serves the agri-food industry and reduce food waste by collecting and repurposing animal-based co-products and other natural materials that would otherwise be discarded.
- SectorConsumer staples
- IndustryFats & Oils
- HeadquartersIrving, TX
- Websitedarlingii.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.9m this quarter). Holder counts are more reliable. Shares outstanding: 158.6m as of 2026-02-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $36.03. Options: 21 managers hold calls ($153.2m notional), 15 hold puts ($52.4m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 519 |
| Q4 2022 | 567 |
| Q1 2023 | 538 |
| Q2 2023 | 548 |
| Q3 2023 | 556 |
| Q4 2023 | 545 |
| Q1 2024 | 520 |
| Q2 2024 | 489 |
| Q3 2024 | 473 |
| Q4 2024 | 468 |
| Q1 2025 | 475 |
| Q2 2025 | 496 |
| Q3 2025 | 471 |
| Q4 2025 | 481 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 255 | 266 |
| Q2 2024 | 225 | 286 |
| Q3 2024 | 241 | 221 |
| Q4 2024 | 192 | 259 |
| Q1 2025 | 222 | 227 |
| Q2 2025 | 244 | 228 |
| Q3 2025 | 205 | 261 |
| Q4 2025 | 201 | 249 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $48.4m | $24.5m | 0.51 |
| Q2 2025 | $205.1m | $89.6m | 0.44 |
| Q3 2025 | $192.2m | $47.3m | 0.25 |
| Q4 2025 | $153.2m | $52.4m | 0.34 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +5.1m |
| Point72 Asset Management, L.P. | Added | +1.4m |
| NOMURA HOLDINGS INC | New | +1.4m |
| Holocene Advisors, LP | Added | +1.0m |
| Merewether Investment Management, LP | Added | +857.5k |
| Rubric Capital Management LP | New | +680.8k |
| Balyasny Asset Management L.P. | Added | +655.2k |
| Palo Duro Investment Partners, LP | New | +632.0k |
| Woodline Partners LP | New | +558.8k |
| Amundi | Added | +553.1k |
Biggest sellers
| Lombard Odier Asset Management (Europe) Ltd | Sold out | -6.3m |
| UBS Group AG | Reduced | -4.1m |
| Ilex Capital Partners (UK) LLP | Sold out | -3.3m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -2.7m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| Appian Way Asset Management LP | Sold out | -1.7m |
| DEUTSCHE BANK AG\ | Reduced | -1.1m |
| Gates Capital Management, Inc. | Reduced | -831.9k |
| JPMORGAN CHASE & CO | Reduced | -797.2k |
| Bank of New York Mellon Corp | Reduced | -515.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $70.1m1.9m shares |
| JANE STREET GROUP, LLC | Reduced | $27.1m751.6k shares |
| GROUP ONE TRADING LLC | Reduced | $14.6m404.5k shares |
| CITADEL ADVISORS LLC | Added | $9.2m256.0k shares |
| IMC-Chicago, LLC | Added | $7.7m212.8k shares |
| BARCLAYS PLC | Reduced | $6.1m170.0k shares |
| LMR Partners LLP | New | $6.1m170.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m76.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.8m50.3k shares |
| Balyasny Asset Management L.P. | Reduced | $1.6m45.0k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $19.9m552.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.1m223.7k shares |
| Walnut Level Capital LLC | Added | $4.7m131.3k shares |
| IMC-Chicago, LLC | Reduced | $4.3m118.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m87.1k shares |
| CITADEL ADVISORS LLC | Reduced | $2.8m77.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.3m64.7k shares |
| NOMURA HOLDINGS INC | Unchanged | $1.5m41.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.4m38.4k shares |
| Twin Tree Management, LP | Reduced | $1.2m34.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-01-21 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 2 | $589.5k | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $1.5m | — |
| Q3 2024 | 2 | $151.5k | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $1.0m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $1.4m | — |
| Q3 2025 | 0 | — | 2 | $3.3m | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 15.4m $554.2m | Added +512.2k |
| BlackRock, Inc. 0.01% of their portfolio | 14.6m $524.6m | Reduced -158.7k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 8.0m $288.7m | Added +242.9k |
| MILLENNIUM MANAGEMENT LLC 0.16% of their portfolio | 6.2m $222.3m | Added +5.1m |
| FMR LLC 0.01% of their portfolio | 5.6m $203.1m | Reduced -364.0k |
| STATE STREET CORP 0.01% of their portfolio | 5.4m $192.9m | Reduced -91.7k |
| UBS Group AG 0.04% of their portfolio | 5.1m $183.3m | Reduced -4.1m |
| Gates Capital Management, Inc. 5.95% of their portfolio | 4.7m $170.8m | Reduced -831.9k |
| EARNEST PARTNERS LLC 0.67% of their portfolio | 4.3m $156.6m | Reduced -175.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.8m $136.2m | Added +32.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.34% of their portfolio | 3.7m $133.8m | Added +84.3k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 3.0m $106.7m | Reduced -1.1m |
| Davis Selected Advisers 0.46% of their portfolio | 2.8m $102.3m | Added +388.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.8m $102.2m | Added +76.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 1.04% of their portfolio | 2.7m $97.9m | Reduced -128.5k |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $95.4m | Added +82.6k |
| NORGES BANK 0.01% of their portfolio | 2.6m $94.2m | Not comparable |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.29% of their portfolio | 2.4m $86.7m | Reduced -2.7m |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 2.3m $84.5m | Reduced -2.6m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.2m $80.8m | Reduced -515.6k |
| No Street GP LP 4.61% of their portfolio | 1.9m $68.4m | Reduced -350.0k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 1.8m $66.1m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.6m $58.5m | Added +5.9k |
| BARCLAYS PLC 0.02% of their portfolio | 1.5m $54.5m | Added +336.2k |
| NOMURA HOLDINGS INC 0.14% of their portfolio | 1.4m $50.5m | New |
| BROWN BROTHERS HARRIMAN & CO 0.27% of their portfolio | 1.4m $50.2m | Reduced -151.6k |
| YACKTMAN ASSET MANAGEMENT LP 0.70% of their portfolio | 1.4m $50.0m | Reduced -97.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $48.6m | Reduced -59.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.3m $47.2m | Added +277.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.3m $46.1m | Reduced -8.8k |
| DNB Asset Management AS 0.16% of their portfolio | 1.2m $44.8m | Added +86.5k |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.2m $43.6m | Added +56.7k |
| Impax Asset Management Group plc 0.26% of their portfolio | 1.1m $41.3m | Reduced -36.9k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 5.70% of their portfolio | 1.1m $40.9m | Reduced -55.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.1m $38.5m | Added +82.7k |
| Holocene Advisors, LP 0.08% of their portfolio | 1.1m $38.5m | Added +1.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 1.0m $37.6m | Added +405.8k |
| PRIVATE MANAGEMENT GROUP INC 1.06% of their portfolio | 1.0m $36.6m | Added +2.2k |
| Handelsbanken Fonder AB 0.11% of their portfolio | 998.2k $35.9m | Added +407.1k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 985.0k $35.5m | Added +158.4k |
| Invesco Ltd. 0.00% of their portfolio | 964.5k $34.7m | Added +238.1k |
| Rokos Capital Management LLP 0.51% of their portfolio | 959.4k $34.5m | Unchanged |
| Triodos Investment Management BV 2.46% of their portfolio | 932.9k $34.1m | Unchanged |
| Harspring Capital Management, LLC 12.22% of their portfolio | 915.0k $32.9m | Unchanged |
| STOREBRAND ASSET MANAGEMENT AS 0.09% of their portfolio | 908.0k $32.7m | Reduced -162.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 879.1k $32.1m | Added +67.7k |
| Merewether Investment Management, LP 0.73% of their portfolio | 878.1k $31.6m | Added +857.5k |
| Amundi 0.01% of their portfolio | 864.4k $31.1m | Added +553.1k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 831.2k $29.9m | Added +335.7k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 778.1k $28.0m | Added +655.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 768.0k $27.6m | Added +445.9k |
| Aristotle Atlantic Partners, LLC 1.24% of their portfolio | 750.2k $27.0m | Reduced -373.7k |
| Erste Asset Management GmbH 0.22% of their portfolio | 740.9k $26.5m | Reduced -45.5k |
| Man Group plc 0.05% of their portfolio | 737.6k $26.6m | Added +403.3k |
| Rubric Capital Management LP 0.29% of their portfolio | 680.8k $24.5m | New |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 675.8k $24.3m | Reduced -493.6k |
| FIL Ltd 0.02% of their portfolio | 641.3k $23.1m | Reduced -262.8k |
| Palo Duro Investment Partners, LP 6.82% of their portfolio | 632.0k $22.8m | New |
| Woodline Partners LP 0.08% of their portfolio | 558.8k $20.1m | New |
| ASR Vermogensbeheer N.V. 0.23% of their portfolio | 556.1k $20.0m | Added +19.7k |
| Raiffeisen Bank International AG 0.26% of their portfolio | 543.0k $19.8m | Added +119.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 536.8k $19.3m | Reduced -82.3k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 524.8k $18.9m | Added +79.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 523.2k $18.8m | Reduced -3.6k |
| Ninety One UK Ltd 0.04% of their portfolio | 518.8k $18.7m | Reduced -290.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 499.4k $18.0m | Reduced -72.9k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. 0.64% of their portfolio | 492.5k $17.7m | First filing |
| Engineers Gate Manager LP 0.21% of their portfolio | 491.0k $17.7m | Added +449.1k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 465.3k $16.7m | New |
| Nuveen, LLC 0.00% of their portfolio | 464.2k $16.7m | Reduced -11.9k |
| NFC Investments, LLC 4.70% of their portfolio | 462.4k $16.6m | Reduced -3.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 449.6k $16.2m | Added +128.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 428.0k $15.4m | Reduced -17.9k |
| Walnut Level Capital LLC 12.15% of their portfolio | 423.1k $15.2m | Added +41.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 417.8k $15.0m | Reduced -330.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 417.8k $15.0m | Reduced -10.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 405.4k $14.6m | Reduced -797.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 402.6k $14.5m | Reduced -29.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 370.3k $13.3m | Added +94.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 363.8k $13.1m | Reduced -56.4k |
| Thomist Capital Management, LP 3.59% of their portfolio | 360.8k $13.2m | Reduced -306.5k |
| PBU - The Pension Fund of Early Childhood & Youth Educators 0.19% of their portfolio | 360.7k $13.0m | First filing |
| Arnhold LLC 0.98% of their portfolio | 359.9k $13.0m | Unchanged |
| Bragg Financial Advisors, Inc 0.42% of their portfolio | 356.2k $12.8m | Added +1.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 338.7k $12.2m | Added +136.1k |
| JUPITER ASSET MANAGEMENT LTD 0.09% of their portfolio | 318.4k $11.5m | Reduced -8.0k |
| Swiss National Bank 0.01% of their portfolio | 311.9k $11.2m | Added +5.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 311.2k $11.2m | Reduced -1.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 305.9k $11.0m | Reduced -328.5k |
| CITIGROUP INC 0.01% of their portfolio | 283.8k $10.2m | Reduced -147.5k |
| Sagefield Capital LP 0.81% of their portfolio | 265.2k $9.5m | Reduced -72.9k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 263.5k $9.5m | Added +162.6k |
| Legal & General Group Plc 0.00% of their portfolio | 234.1k $8.4m | Reduced -5.2k |
| FIRETRAIL INVESTMENTS PTY LTD 2.72% of their portfolio | 229.7k $8.3m | Reduced -85.6k |
| GRIZZLYROCK CAPITAL, LLC 6.01% of their portfolio | 223.0k $8.0m | Reduced -40.7k |
| Mudita Advisors LLP 1.72% of their portfolio | 221.0k $8.0m | Added +109.2k |
| CFO4Life Group, LLC 1.08% of their portfolio | 211.1k $7.6m | Reduced -2.1k |
| Leeward Investments, LLC - MA 0.38% of their portfolio | 208.9k $7.5m | Reduced -10.4k |
| Lightrock Netherlands B.V. 1.44% of their portfolio | 192.6k $6.9m | Reduced -69.2k |
| Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio | 191.8k $7.0m | Reduced -19.8k |