D1 Capital

Q2 2020 13F · by Daniel Sundheim, founder

As of: Jun 30, 2020
Filed: Aug 14, 2020
US stock: $13.4B · prev $9.7B
Positions: 47 · prev 34
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%

Moves55 since the prior filing

+38.3 pp in · −38.2 pp out

New 22 +23.14 pp
Added 12 +15.15 pp
Trimmed 12 −29.63 pp
Exited 9 −8.61 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 128% a year, about 0.8 years per position

Low
Moderate
High

Top 5 positions31% of US stock

JD JD.com, Inc. added+1.37 pp added+1.379.1%
HLT Hilton Worldwide Holdings Inc. added−1.67 pp added−1.676.2%
ORLY O'Reilly Automotive, Inc. trimmed−3.12 pp trimmed−3.125.7%
LVS Las Vegas Sands Corp. added+1.72 pp added+1.725.4%
BABA Alibaba Group Holding Limited added+4.15 pp added+4.155.2%

Positions47 in this filing · 9 exited


JDJD.com, Inc.	9.07%	20,216,088	$1.2B	added+10%	+1.37 pp	6 q
HLTHilton Worldwide Holdings Inc.	6.18%	11,286,642	$829M	added+1%	−1.67 pp	7 q
ORLYO'Reilly Automotive, Inc.	5.65%	1,795,012	$757M	trimmed−36%	−3.12 pp	3 q
LVSLas Vegas Sands Corp.	5.38%	15,841,673	$721M	added+90%	+1.72 pp	7 q
BABAAlibaba Group Holding Limited	5.18%	3,220,000	$695M	added×6.3	+4.15 pp	5 q
USBU.S. Bancorp	4.86%	17,689,643	$651M	added×8.8	+4.15 pp	2 q
JPMJPMorgan Chase & Co.	4.33%	6,170,000	$580M	new	+4.33 pp	new
DHRDanaher Corporation	4.22%	3,203,556	$566M	trimmed−17%	−1.34 pp	2 q
MSFTMicrosoft Corp	4.19%	2,760,751	$562M	added+75%	+1.62 pp	2 q
AVBAvalonBay Communities, Inc.	4.05%	3,511,200	$543M	new	+4.05 pp	new
DISThe Walt Disney Company	3.90%	4,689,608	$523M	trimmed−39%	−3.72 pp	7 q
FISFidelity National Information Services, Inc.	3.70%	3,700,241	$496M	added+4%	−0.75 pp	5 q
NFLXNetFlix Inc	3.65%	1,074,514	$489M	trimmed−60%	−6.82 pp	7 q
EXPEExpedia Group, Inc.	3.63%	5,920,000	$487M	new	+3.63 pp	new
AMZNAmazon.Com Inc	3.07%	149,400	$412M	trimmed−59%	−4.29 pp	5 q
METAMeta Platforms, Inc. Class A	3.01%	1,776,325	$403M	trimmed−67%	−6.14 pp	6 q
unresolvedHudson Pac Pptys Inc	2.22%	11,853,318	$298M	added×9.0	+1.88 pp	2 q
TGTTarget Corporation	1.95%	2,181,275	$262M	new	+1.95 pp	new
LYVLive Nation Entertainment Inc.	1.87%	5,659,904	$251M	added+61%	+0.22 pp	2 q
KRCKilroy Realty Corp.	1.80%	4,120,000	$242M	added×10.6	+1.54 pp	2 q
PLANAnaplan, Inc.	1.60%	4,727,277	$214M	trimmed−21%	−0.27 pp	4 q
CLVTClarivate Plc	1.52%	9,120,792	$204M	added×3.9	+1.01 pp	5 q
RACEFerrari N.V.	1.47%	1,152,771	$197M	trimmed−53%	−2.41 pp	7 q
MUMicron Technology, Inc.	1.32%	3,428,896	$177M	added+6%	−0.09 pp	2 q
DEIDouglas Emmett, Inc.	1.16%	5,061,332	$155M	new	+1.16 pp	new
GOOGLAlphabet Inc. Class A	1.14%	108,046	$153M	trimmed−6%	−0.24 pp	3 q
AAPAdvance Auto Parts Inc	0.99%	935,000	$133M	new	+0.99 pp	new
ESSEssex Property Trust, Inc	0.96%	562,916	$129M	new	+0.96 pp	new
CVNACarvana Co.	0.93%	1,035,000	$124M	new	+0.93 pp	new
SMARSmartsheet Inc.	0.87%	2,303,338	$117M	new	+0.87 pp	new
AZOAutoZone, Inc.	0.84%	99,500	$112M	trimmed−41%	−0.63 pp	2 q
PNCPNC Financial Services Group	0.75%	960,000	$101M	new	+0.75 pp	new
FLTCorpay, Inc.	0.58%	308,400	$78M	new	+0.58 pp	new
unresolvedPpd Inc	0.57%	2,874,257	$77M	trimmed−52%	−0.54 pp	2 q
MSGSMadison Square Garden Sports Corp.	0.54%	489,333	$72M	new	+0.54 pp	new
BFAMBright Horizons Family Solutions Inc.	0.51%	583,100	$68M	new	+0.51 pp	new
ESTCElastic N.V.	0.48%	698,000	$64M	new	+0.48 pp	new
RHRh	0.37%	200,000	$50M	new	+0.37 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.26%	625,000	$35M	new	+0.26 pp	new
SBUXStarbucks Corp	0.23%	415,000	$31M	trimmed−17%	−0.11 pp	2 q
NYTNew York Times Co.	0.20%	640,000	$27M	new	+0.20 pp	new
RPLA.UReplay Acquisition Corp	0.20%	2,500,000	$27M	held	—	5 q
APIAgora, Inc.	0.16%	500,000	$22M	new	+0.16 pp	new
ALLOAllogene Therapeutics, Inc.	0.16%	500,000	$21M	new	+0.16 pp	new
D0ADada Nexus Ltd-adr	0.12%	750,000	$17M	new	+0.12 pp	new
HSTHost Hotels & Resorts, Inc.	0.08%	935,000	$10M	new	+0.08 pp	new
PKPark Hotels & Resorts Inc.	0.06%	809,144	$8M	new	+0.06 pp	new
99952EURLinde PLC/OLD	—	−1,537,399	—	exited	−2.75 pp	—
GWREGuidewire Software, Inc.	—	−1,745,400	—	exited	−1.43 pp	—
TMETencent Music Entertainment Group	—	−12,629,800	—	exited	−1.31 pp	—
NKENike, Inc.	—	−1,008,888	—	exited	−0.86 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−320,000	—	exited	−0.83 pp	—
BACBank of America Corporation	—	−2,036,500	—	exited	−0.45 pp	—
PDDPDD Holdings Inc.	—	−1,067,300	—	exited	−0.40 pp	—
DHID.R. Horton Inc.	—	−1,013,424	—	exited	−0.36 pp	—
INMDInMode Ltd.	—	−971,100	—	exited	−0.22 pp	—