Dan Sundheim's D1 Capital reveals new bets on tech stocks, dumps Disney in third quarter

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Dan Sundheim's D1 Capital reveals new bets on tech stocks, dumps Disney in third quarter
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The biggest new position was a stake in Sherwin-Williams, but tech stocks dominate the fund's largest holdings.

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D1 Capital doubled down on its tech bets in the third quarter, adding some big names to its portfolio. The hedge fund, run by Daniel Sundheim, added new positions in Google-parent Alphabet and Micron Technology that were worth more than $150 million each in the third quarter, according to securities filings. The fund also built on its positions in Microsoft and Amazon .

The quarterly hedge fund filing shows only the positions at the end of September, not any details about the trades. One major reduction in the portfolio was Expedia Group , where Sundheim sold almost half his position. D1 also exited positions in Disney and Live Nation during the quarter. Those stakes were worth roughly $70 million and $37 million at the end of June. D1 also added a handful of smaller new positions, worth less than $100 million a piece.

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