Published on 23 Nov 2023 on Insider Monkey via Yahoo Finance
Billionaire Daniel Sundheim’s D1 Capital Portfolio: Top 12 Stock Picks
In this article, we discuss billionaire Daniel Sundheim's D1 Capital portfolio: top 12 stock picks. You can skip our detailed analysis of the performance of D1 Capital Partners and go directly to read Billionaire Daniel Sundheim's D1 Capital Portfolio: Top 5 Stock Picks.
D1 Capital Partners is not your typical hedge fund but a crossover fund that invests in stocks and venture capital. Founded in 2018 by Daniel Sundheim with a seed capital of $5 billion, it is one of the youngest hedge funds making waves with its solid track record in this highly competitive industry.
The hedge fund rose to fame in 2020 at the height of the COVID-19 pandemic as it posted a 54% gain in arguably one of the most unpredictable years. The hedge fund outperformed the broader market index, which gained 14% and the Nasdaq index, which gained 43%. The gains in 2020 through 2021 came from D1 Capital remaining heavily invested in startups, accounting for about 50% of the portfolio. The startup investments contributed 70% of the fund's gains in 2021.