D1 Capital

Q1 2020 13F · by Daniel Sundheim, founder

As of: Mar 31, 2020
Filed: May 15, 2020
US stock: $9.7B · prev $6.8B
Positions: 34 · prev 24
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves39 since the prior filing

+31.5 pp in · −31.3 pp out

New 16 +18.54 pp
Added 12 +12.92 pp
Trimmed 5 −22.69 pp
Exited 6 −8.65 pp

The book

Concentrated · behaves like 16 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 70% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions44% of US stock

NFLX NetFlix Inc trimmed−10.35 pp trimmed−10.3510.5%
META Meta Platforms, Inc. Class A added−0.13 pp added−0.139.2%
ORLY O'Reilly Automotive, Inc. added+8.57 pp added+8.578.8%
HLT Hilton Worldwide Holdings Inc. added−2.26 pp added−2.267.8%
JD JD.com, Inc. added−1.19 pp added−1.197.7%

Positions34 in this filing · 6 exited


NFLXNetFlix Inc	10.47%	2,697,578	$1.0B	trimmed−38%	−10.35 pp	6 q
METAMeta Platforms, Inc. Class A	9.15%	5,306,325	$885M	added+72%	−0.13 pp	5 q
ORLYO'Reilly Automotive, Inc.	8.77%	2,818,653	$849M	added×91.2	+8.57 pp	2 q
HLTHilton Worldwide Holdings Inc.	7.85%	11,130,472	$760M	added+79%	−2.26 pp	6 q
JDJD.com, Inc.	7.70%	18,380,000	$744M	added+7%	−1.19 pp	5 q
DISThe Walt Disney Company	7.62%	7,630,000	$737M	added×6.8	+5.24 pp	6 q
AMZNAmazon.Com Inc	7.36%	365,000	$712M	trimmed−26%	−5.93 pp	4 q
DHRDanaher Corporation	5.56%	3,881,366	$537M	new	+5.56 pp	new
FISFidelity National Information Services, Inc.	4.45%	3,541,583	$431M	added×2.6	+1.62 pp	4 q
RACEFerrari N.V.	3.88%	2,461,146	$375M	trimmed−4%	−2.34 pp	6 q
LVSLas Vegas Sands Corp.	3.66%	8,335,000	$354M	added×3.6	+1.29 pp	6 q
99952EURLinde PLC/OLD	2.75%	1,537,399	$266M	added+53%	−0.39 pp	4 q
MSFTMicrosoft Corp	2.57%	1,578,640	$249M	new	+2.57 pp	new
PLANAnaplan, Inc.	1.87%	5,962,617	$180M	added+96%	−0.48 pp	3 q
LYVLive Nation Entertainment Inc.	1.65%	3,507,000	$159M	new	+1.65 pp	new
AZOAutoZone, Inc.	1.47%	168,000	$142M	new	+1.47 pp	new
GWREGuidewire Software, Inc.	1.43%	1,745,400	$138M	added+100%	+0.02 pp	6 q
MUMicron Technology, Inc.	1.41%	3,248,245	$137M	new	+1.41 pp	new
GOOGLAlphabet Inc. Class A	1.38%	115,000	$134M	added×2.2	+0.35 pp	2 q
TMETencent Music Entertainment Group	1.31%	12,629,800	$127M	trimmed−46%	−2.71 pp	3 q
unresolvedPpd Inc	1.11%	6,037,011	$108M	new	+1.11 pp	new
BABAAlibaba Group Holding Limited	1.03%	513,304	$100M	added×2.1	+0.28 pp	4 q
NKENike, Inc.	0.86%	1,008,888	$83M	new	+0.86 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.83%	320,000	$80M	new	+0.83 pp	new
USBU.S. Bancorp	0.71%	2,000,000	$69M	new	+0.71 pp	new
CLVTClarivate Plc	0.51%	2,361,000	$49M	trimmed−69%	−1.36 pp	4 q
BACBank of America Corporation	0.45%	2,036,500	$43M	new	+0.45 pp	new
PDDPDD Holdings Inc.	0.40%	1,067,300	$38M	new	+0.40 pp	new
DHID.R. Horton Inc.	0.36%	1,013,424	$34M	new	+0.36 pp	new
unresolvedHudson Pac Pptys Inc	0.34%	1,313,400	$33M	new	+0.34 pp	new
SBUXStarbucks Corp	0.34%	498,730	$33M	new	+0.34 pp	new
KRCKilroy Realty Corp.	0.26%	387,225	$25M	new	+0.26 pp	new
RPLA.UReplay Acquisition Corp	0.25%	2,500,000	$25M	held	—	4 q
INMDInMode Ltd.	0.22%	971,100	$21M	new	+0.22 pp	new
NOWServicenow, Inc.	—	−818,000	—	exited	−3.39 pp	—
ARMKAramark	—	−3,600,000	—	exited	−2.29 pp	—
CHWYChewy, Inc.	—	−2,547,000	—	exited	−1.08 pp	—
NVSTEnvista Holdings Corporation, $0.01 par value per share	—	−1,760,000	—	exited	−0.77 pp	—
CRMSalesforce, Inc.	—	−315,000	—	exited	−0.75 pp	—
EXKExact Sciences Corp	—	−275,000	—	exited	−0.37 pp	—