Great investors · Dan Sundheim · Q3 2024
What Dan Sundheim bought and sold in Q3 2024
D1 Capital Partners 13F portfolio as of Sep 30, 2024: 34 positions worth $5.2 bn. Largest: CART, XPO, PM, RCL. Filed with the SEC on Nov 14, 2024.
The 13F is filed by D1 Capital Partners, not by Dan Sundheim personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- NewGE Healthcare TechnologiesGEHC+4.5 pp
- IncreasedXPOXPO+3.9 pp
- NewBank of AmericaBAC+2.9 pp
- NewMeta PlatformsMETA+2.4 pp
- NewStarbucksSBUX+2.0 pp
- NewPTCPTC+1.4 pp
- NewAmetekAME+1.3 pp
- IncreasedWarner Music GroupWMG+1.3 pp
- NewAnsysANSS+1.2 pp
- NewEntegrisENTG+1.2 pp
- IncreasedViking HoldingsVIK+1.0 pp
- NewConstellation EnergyCEG+0.8 pp
Sells in Q3 2024
- ReducedLennarLEN−6.1 pp
- ReducedPhilip Morris InternationalPM−5.7 pp
- ReducedMaplebearCART−4.4 pp
- Sold outGE VernovaGEV−4.0 pp
- Sold outPfizerPFE−3.6 pp
- Sold outNu HoldingsNU−3.2 pp
- ReducedLive Nation EntertainmentLYV−3.2 pp
- Sold outElevance HealthELV−2.7 pp
- Sold outInvitation HomesINVH−2.1 pp
- Sold outWorkdayWDAY−2.0 pp
- ReducedRestaurant Brands InternationalQSR−1.8 pp
- Sold outMarvell TechnologyMRVL−1.8 pp
30 companies with material moves, out of 42 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
D1 Capital Partners's Q3 2024 13F lists 34 lines of US-listed securities worth $5.2 bn; the largest is CART at 17.7% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 9:59 AM ET.
Against the previous quarter, it opened 11 positions (GEHC, BAC, META and SBUX and 7 more), closed 12 (GEV, PFE, NU and ELV and 8 more), added to 4 (XPO, VIK, WMG and RCL) and trimmed 16 (CART, PM, LYV and LEN and 12 more). 3 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Maplebear CART | 22.6 M | $919M | 17.7% | −22% |
| 2 | XPO XPO | 4.7 M | $506M | 9.78% | +84% |
| 3 | Philip Morris International PM | 3.3 M | $399M | 7.71% | −46% |
| 4 | Royal Caribbean Cruises RCL | 1.6 M | $279M | 5.38% | +3.8% |
| 5 | GE Healthcare Technologies GEHC | 2.9 M | $268M | 5.18% | new |
| 6 | Amazon.com AMZN | 1.2 M | $226M | 4.36% | −6.2% |
| 7 | Spotify Technology SPOT | 604,254 | $223M | 4.30% | −11% |
| 8 | Live Nation Entertainment LYV | 1.8 M | $200M | 3.87% | −48% |
| 9 | Bank of America BAC | 4.4 M | $175M | 3.38% | new |
| 10 | Warner Music Group WMG | 5.3 M | $165M | 3.18% | +91% |
| 11 | Meta Platforms META | 251,665 | $144M | 2.78% | new |
| 12 | Constellation Brands STZ | 533,050 | $137M | 2.65% | −7.2% |
| 13 | Warby Parker WRBY | 7.9 M | $128M | 2.48% | −17% |
| 14 | Hdfc Bank HDB | 1.9 M | $120M | 2.33% | −44% |
| 15 | Starbucks SBUX | 1.2 M | $116M | 2.24% | new |
| 16 | Block XYZ | 1.6 M | $110M | 2.12% | −11% |
| 17 | Restaurant Brands International QSR | 1.3 M | $95.9M | 1.85% | −53% |
| 18 | Viking Holdings VIK | 2.6 M | $90.2M | 1.74% | +193% |
| 19 | PTC PTC | 468,000 | $84.5M | 1.63% | new |
| 20 | Lineage LINE | 1.1 M | $82.3M | 1.59% | new |
| 21 | MasTec MTZ | 664,828 | $81.8M | 1.58% | −11% |
| 22 | Ametek AME | 464,633 | $79.8M | 1.54% | new |
| 23 | Lennar LEN | 402,000 | $75.4M | 1.46% | −83% |
| 24 | Ansys ANSS | 230,189 | $73.3M | 1.42% | new |
| 25 | Entegris ENTG | 641,101 | $72.1M | 1.39% | new |
| 26 | Carnival CCL | 3.7 M | $68.3M | 1.32% | no change |
| 27 | Microsoft MSFT | 152,185 | $65.5M | 1.26% | −51% |
| 28 | PDD Holdings PDD | 384,000 | $51.8M | 1.00% | −18% |
| 29 | Constellation Energy CEG | 184,000 | $47.8M | 0.92% | new |
| 30 | Vertiv Holdings VRT | 422,513 | $42.0M | 0.81% | new |
| 31 | Lexeo Therapeutics LXEO | 2.5 M | $22.7M | 0.44% | −33% |
| 32 | IREN IREN | 1.5 M | $12.9M | 0.25% | no change |
| 33 | Hut 8 HUT | 912,000 | $11.2M | 0.22% | −21% |
| 34 | Bitdeer Technologies Group BTDR | 525,000 | $4.1M | 0.08% | no change |
Positions it closed (12)
- GE Vernova GEVwas 3.96% · 1.4 M shares
- Pfizer PFEwas 3.60% · 7.6 M shares
- Nu Holdings NUwas 3.18% · 14.6 M shares
- Elevance Health ELVwas 2.70% · 295,932 shares
- Invitation Homes INVHwas 2.06% · 3.4 M shares
- Workday WDAYwas 1.95% · 518,000 shares
- Marvell Technology MRVLwas 1.83% · 1.5 M shares
- Flutter Entertainment FLUTwas 1.34% · 434,500 shares
- Insulet PODDwas 0.92% · 270,652 shares
- Liberty Media FWONKwas 0.76% · 624,392 shares
- Somnigroup International SGIwas 0.11% · 132,346 shares
- Rivian Automotive RIVNwas 0.02% · 101,056 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: D1 Capital Partners's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.