Hedge fund D1 Capital sold some blue chip positions in the fourth quarter and added some stocks that began in 2025, according to the securities application. The quarterly report shows Daniel Sundheim’s fund exited several positions including Bank of America and Microsoft, and also reduced its stake in Amazon. New positions for D1 include 3M, Appleovin, Elevance Health, Delta Air Lines and Capital One Financial. According to the document, as of December 31, new additions to new 3M and Elepence Health are among the top 10 equity positions in the fund as of December 31. Instacart remains the fund’s largest holding, worth more than $900 million at the end of a quarter. The document is a snapshot of the fund’s holdings as of December 31 and does not disclose transactions conducted this quarter or thereafter. The fund can also own other non-equity holdings not included. If D1 sticks to some of its latest stocks, the fund may have a strong first quarter. Applevin’s stock has risen 57% since the beginning of the year and 3M has risen 15%. The fund also added about $93 million to Vistra Corp., a utility that rose sharply last year due to its impact on AI energy demand. Although the stock has risen about 22% so far this year during the DeepSeek sell-off in January. Elsewhere, D1 withdraws from positions in Starbucks, Carnival Company and Viking Holdings. The fund still has a considerable position in a cruising inventory with the Royal Caribbean. Sundheim previously worked at Viking Global and founded D1 in 2017. He is a member of the board of directors of Instacart.
Dan Sundheim’s D1 Capital sells MSFT in the fourth quarter, buying 3M | Real Time Headlines
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