Great investors · Dan Sundheim · Q4 2024
What Dan Sundheim bought and sold in Q4 2024
D1 Capital Partners 13F portfolio as of Dec 31, 2024: 35 positions worth $6.0 bn. Largest: CART, PM, RCL, STZ. Filed with the SEC on Feb 14, 2025.
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 Q4 2024
- NewElevance HealthELV+4.9 pp
- IncreasedConstellation BrandsSTZ+3.7 pp
- IncreasedEntegrisENTG+3.5 pp
- New3mMMM+2.9 pp
- NewCharles River Laboratories InternationalCRL+2.9 pp
- IncreasedLineageLINE+2.6 pp
- NewAppLovinAPP+2.6 pp
- NewNu HoldingsNU+2.6 pp
- NewSynopsysSNPS+2.0 pp
- NewBath & Body WorksBBWI+1.8 pp
- NewToll BrothersTOL+1.8 pp
- NewVistra OperationsVST+1.5 pp
Sells in Q4 2024
- ReducedXPOXPO−5.8 pp
- ReducedAmazon.comAMZN−2.9 pp
- Sold outBank of AmericaBAC−2.9 pp
- ReducedSpotify TechnologySPOT−2.1 pp
- Sold outHdfc BankHDB−2.0 pp
- Sold outStarbucksSBUX−1.9 pp
- Sold outBlockXYZ−1.8 pp
- ReducedLive Nation EntertainmentLYV−1.8 pp
- Sold outViking HoldingsVIK−1.5 pp
- Sold outMasTecMTZ−1.4 pp
- ReducedWarner Music GroupWMG−1.3 pp
- Sold outAmetekAME−1.3 pp
38 companies with material moves, out of 47 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 Q4 2024 13F lists 35 lines of US-listed securities worth $6.0 bn; the largest is CART at 15.5% of the portfolio. It was accepted by the SEC on Feb 14, 2025 at 9:54 AM ET.
Against the previous quarter, it opened 16 positions (ELV, MMM, CRL and APP and 12 more), closed 15 (BAC, HDB, SBUX and XYZ and 11 more), added to 9 (ENTG, STZ, LINE and GEHC and 5 more) and trimmed 7 (XPO, SPOT, AMZN and LYV and 3 more). 3 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Maplebear CART | 22.6 M | $934M | 15.5% | no change |
| 2 | Philip Morris International PM | 3.6 M | $437M | 7.26% | +10% |
| 3 | Royal Caribbean Cruises RCL | 1.6 M | $362M | 6.02% | no change |
| 4 | Constellation Brands STZ | 1.5 M | $338M | 5.61% | +187% |
| 5 | Elevance Health ELV | 799,000 | $295M | 4.90% | new |
| 6 | Entegris ENTG | 2.8 M | $273M | 4.53% | +329% |
| 7 | GE Healthcare Technologies GEHC | 3.5 M | $273M | 4.53% | +22% |
| 8 | XPO XPO | 2.0 M | $267M | 4.43% | −57% |
| 9 | Lineage LINE | 3.8 M | $220M | 3.65% | +257% |
| 10 | 3m MMM | 1.4 M | $175M | 2.91% | new |
| 11 | Charles River Laboratories International CRL | 935,820 | $173M | 2.87% | new |
| 12 | AppLovin APP | 481,000 | $156M | 2.59% | new |
| 13 | Nu Holdings NU | 14.9 M | $154M | 2.56% | new |
| 14 | Meta Platforms META | 252,188 | $148M | 2.45% | no change |
| 15 | Spotify Technology SPOT | 326,254 | $146M | 2.43% | −46% |
| 16 | Live Nation Entertainment LYV | 1.0 M | $130M | 2.16% | −45% |
| 17 | Warby Parker WRBY | 5.3 M | $127M | 2.12% | −33% |
| 18 | Synopsys SNPS | 253,000 | $123M | 2.04% | new |
| 19 | Restaurant Brands International QSR | 1.8 M | $115M | 1.92% | +33% |
| 20 | Bath & Body Works BBWI | 2.8 M | $110M | 1.82% | new |
| 21 | PTC PTC | 589,171 | $108M | 1.80% | +26% |
| 22 | Toll Brothers TOL | 845,000 | $106M | 1.77% | new |
| 23 | Vistra Operations VST | 672,000 | $92.6M | 1.54% | new |
| 24 | Amazon.com AMZN | 409,234 | $89.8M | 1.49% | −66% |
| 25 | Lennar LEN | 672,433 | $88.1M | 1.46% | +67% |
| 26 | Capital One Financial COF | 487,000 | $86.8M | 1.44% | new |
| 27 | Ansys ANSS | 249,189 | $84.1M | 1.40% | +8.3% |
| 28 | Warner Music Group WMG | 2.7 M | $82.8M | 1.38% | −49% |
| 29 | Delta Air Lines DAL | 1.3 M | $80.2M | 1.33% | new |
| 30 | MercadoLibre MELI | 45,400 | $77.2M | 1.28% | new |
| 31 | Mongodb MDB | 327,000 | $76.1M | 1.27% | new |
| 32 | Lam Research LRCX | 418,000 | $30.2M | 0.50% | new |
| 33 | Applied Materials AMAT | 181,283 | $29.5M | 0.49% | new |
| 34 | YPF Sociedad Anonima YPF | 374,276 | $15.9M | 0.26% | new |
| 35 | Lexeo Therapeutics LXEO | 2.2 M | $14.5M | 0.24% | −12% |
Positions it closed (15)
- Bank of America BACwas 3.38% · 4.4 M shares
- Hdfc Bank HDBwas 2.33% · 1.9 M shares
- Starbucks SBUXwas 2.24% · 1.2 M shares
- Block XYZwas 2.12% · 1.6 M shares
- Viking Holdings VIKwas 1.74% · 2.6 M shares
- MasTec MTZwas 1.58% · 664,828 shares
- Ametek AMEwas 1.54% · 464,633 shares
- Carnival CCLwas 1.32% · 3.7 M shares
- Microsoft MSFTwas 1.26% · 152,185 shares
- PDD Holdings PDDwas 1.00% · 384,000 shares
- Constellation Energy CEGwas 0.92% · 184,000 shares
- Vertiv Holdings VRTwas 0.81% · 422,513 shares
- IREN IRENwas 0.25% · 1.5 M shares
- Hut 8 HUTwas 0.22% · 912,000 shares
- Bitdeer Technologies Group BTDRwas 0.08% · 525,000 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) ↗
Follow Dan Sundheim and see their Q3 2026 13F once it is filed
Free. We email you (if you turn it on) and in Following you see what each manager you follow bought and sold.
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.