D1 Capital

Q4 2020 13F · by Daniel Sundheim, founder

As of: Dec 31, 2020
Filed: Feb 16, 2021
US stock: $21.2B · prev $17.1B
Positions: 52 · prev 49
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%

Moves58 since the prior filing

+26.4 pp in · −28.6 pp out

New 17 +11.44 pp
Added 13 +14.93 pp
Trimmed 14 −14.76 pp
Exited 14 −13.87 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 93% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions39% of US stock

U Unity Software Inc. held held9.4%
JD JD.com, Inc. trimmed−0.97 pp trimmed−0.978.5%
MSFT Microsoft Corp added+2.77 pp added+2.778.4%
EXPE Expedia Group, Inc. added+2.59 pp added+2.597.6%
JPM JPMorgan Chase & Co. added+0.51 pp added+0.514.8%

Positions52 in this filing · 14 exited


UUnity Software Inc.	9.39%	12,966,567	$2.0B	held	—	2 q
JDJD.com, Inc.	8.52%	20,530,179	$1.8B	trimmed−2%	−0.97 pp	8 q
MSFTMicrosoft Corp	8.36%	7,958,751	$1.8B	added+75%	+2.77 pp	4 q
EXPEExpedia Group, Inc.	7.57%	12,107,561	$1.6B	added+31%	+2.59 pp	3 q
JPMJPMorgan Chase & Co.	4.78%	7,971,870	$1.0B	added+5%	+0.51 pp	3 q
METAMeta Platforms, Inc. Class A	4.70%	3,642,789	$995M	added+64%	+1.30 pp	8 q
GOOGLAlphabet Inc. Class A	4.00%	483,600	$848M	added+46%	+1.15 pp	5 q
DISThe Walt Disney Company	3.96%	4,631,481	$839M	added+14%	+1.01 pp	9 q
CVNACarvana Co.	3.80%	3,364,985	$806M	trimmed−32%	−2.68 pp	3 q
USBU.S. Bancorp	3.71%	16,890,419	$787M	trimmed−19%	−0.67 pp	4 q
HLTHilton Worldwide Holdings Inc.	3.47%	6,608,545	$735M	trimmed−18%	−0.53 pp	9 q
TGTTarget Corporation	3.00%	3,595,477	$635M	added+56%	+0.87 pp	3 q
DHRDanaher Corporation	2.71%	2,582,346	$574M	added+88%	+0.98 pp	4 q
BKNGBooking Holdings Inc.	2.64%	251,000	$559M	new	+2.64 pp	new
NFLXNetFlix Inc	2.49%	976,801	$528M	added×7.9	+2.13 pp	9 q
RHRh	2.39%	1,133,351	$507M	added×2.1	+1.17 pp	3 q
ORLYO'Reilly Automotive, Inc.	2.13%	996,909	$451M	trimmed−27%	−1.54 pp	5 q
DDOGDatadog, Inc. Class A	1.82%	3,915,765	$385M	new	+1.82 pp	new
AMZNAmazon.Com Inc	1.72%	112,200	$365M	new	+1.72 pp	new
NYTNew York Times Co.	1.57%	6,405,230	$332M	added×2.0	+0.77 pp	3 q
LVSLas Vegas Sands Corp.	1.50%	5,339,799	$318M	trimmed−35%	−0.75 pp	9 q
BEKEKE Holdings Inc.	1.45%	5,000,000	$308M	held	—	2 q
FISFidelity National Information Services, Inc.	1.39%	2,080,241	$294M	added+8%	−0.27 pp	7 q
SNOWSnowflake Inc.	1.32%	994,012	$280M	added+7%	−0.05 pp	2 q
OMOutset Medical, Inc.	1.23%	4,575,754	$260M	held	—	2 q
DECKDeckers Outdoor Corp	0.97%	714,000	$205M	new	+0.97 pp	new
MRVIMaravai LifeSciences Holdings, Inc. Class A	0.79%	5,930,000	$166M	new	+0.79 pp	new
BAXBaxter International Inc.	0.78%	2,050,000	$164M	new	+0.78 pp	new
AAPAdvance Auto Parts Inc	0.69%	928,464	$146M	trimmed−21%	−0.37 pp	3 q
BALLBall Corporation	0.68%	1,546,380	$144M	trimmed−51%	−0.86 pp	2 q
DRIDarden Restaurants, Inc.	0.66%	1,165,860	$139M	new	+0.66 pp	new
RACEFerrari N.V.	0.65%	597,271	$137M	trimmed−34%	−0.32 pp	9 q
unresolvedAtlassian Corp Plc	0.59%	530,000	$124M	new	+0.59 pp	new
DEIDouglas Emmett, Inc.	0.57%	4,106,332	$120M	trimmed−44%	−0.51 pp	3 q
unresolvedPpd Inc	0.48%	2,998,583	$103M	trimmed−13%	−0.26 pp	4 q
AVBAvalonBay Communities, Inc.	0.47%	621,200	$100M	trimmed−77%	−1.87 pp	3 q
BXBlackstone Inc.	0.39%	1,260,000	$82M	new	+0.39 pp	new
unresolvedNew Oriental Ed & Tech Grp I	0.35%	400,000	$74M	new	+0.35 pp	new
unresolvedHudson Pac Pptys Inc	0.33%	2,868,516	$69M	trimmed−68%	−0.83 pp	4 q
LYVLive Nation Entertainment Inc.	0.31%	890,881	$65M	trimmed−90%	−2.60 pp	4 q
DGNR.UDragoneer Growth Opportuniti	0.26%	4,000,000	$56M	held	—	2 q
unresolvedRibbit Leap Ltd	0.21%	3,000,000	$45M	held	—	2 q
unresolvedRedball Acquisition Corp	0.19%	3,500,000	$40M	held	—	2 q
unresolvedChindata Group Hldgs Ltd	0.16%	1,450,000	$35M	held	—	2 q
unresolvedLux Health Tech Acquisition	0.16%	3,000,000	$35M	new	+0.16 pp	new
CBAH.UCbre Acquisition Holdings In	0.15%	3,000,000	$31M	new	+0.15 pp	new
TXG10x Genomics, Inc. Class A	0.13%	191,336	$27M	new	+0.13 pp	new
RPLA.UReplay Acquisition Corp	0.13%	2,500,000	$28M	held	—	7 q
unresolvedHealth Assurn Acquisition Co	0.10%	2,000,000	$22M	new	+0.10 pp	new
unresolvedTs Innovation Acquisitn Corp	0.10%	2,000,000	$21M	new	+0.10 pp	new
unresolvedHumanco Acquisition Corp	0.05%	1,000,000	$11M	new	+0.05 pp	new
unresolvedYatsen Holding Ltd ADR	0.04%	500,000	$9M	new	+0.04 pp	new
IRIngersoll Rand Inc.	—	−10,326,992	—	exited	−2.15 pp	—
PNCPNC Financial Services Group	—	−3,211,751	—	exited	−2.07 pp	—
CLVTClarivate Plc	—	−9,519,618	—	exited	−1.73 pp	—
DTDynatrace, Inc.	—	−5,878,352	—	exited	−1.41 pp	—
MSGSMadison Square Garden Sports Corp.	—	−1,229,554	—	exited	−1.08 pp	—
MUMicron Technology, Inc.	—	−3,774,008	—	exited	−1.04 pp	—
SMARSmartsheet Inc.	—	−3,443,338	—	exited	−1.00 pp	—
KRCKilroy Realty Corp.	—	−2,763,000	—	exited	−0.84 pp	—
BABAAlibaba Group Holding Limited	—	−449,000	—	exited	−0.77 pp	—
ESSEssex Property Trust, Inc	—	−617,562	—	exited	−0.73 pp	—
PLANAnaplan, Inc.	—	−1,371,303	—	exited	−0.50 pp	—
GDRXGoodRx Holdings, Inc. Class A	—	−700,000	—	exited	−0.23 pp	—
ADIAnalog Devices, Inc.	—	−287,806	—	exited	−0.20 pp	—
D0ADada Nexus Ltd-adr	—	−750,000	—	exited	−0.12 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 12 unresolved
Accession: 0001172661-21-000485
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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