Loading…
Dan Sundheim's D1 Capital reshaped its US book in Q2 2026 ($34.8B, 55 names): 21 new positions include SpaceX (SPCX via SPV, now #1 at 61.9% of AUM), Meta, Intuitive Surgical, Tesla, Shopify, CoreWeave, Snowflake, GOOG Class C, CyberArk, Monolithic Power, Lattice and Quanterix. Existing positions Instacart (still #2), Nu Holdings (+71.6%), Johnson Controls (+206.5%), Sherwin-Williams (+164.4%), Ferguson (+267%), Reddit, Disney (+22.1%), Alphabet A (+57.5%) and Spotify (+67.1%) were built up. Fifteen exits — most notably NVDA, AVGO, TSM, ASML and Autodesk — plus trims across MELI (-25.7%), Coupang (-11.4%), Sea (-58.6%) and DoorDash (-9.3%).
| Ticker | Company | Value | Shares | % of book | |
|---|---|---|---|---|---|
| SPCX | SpaceX (private, via SPV) | $21.5B | 126M shares | 61.9% | |
| META | Meta Platforms | $319.1M | 566.5K shares | 0.9% | |
| ISRG | Intuitive Surgical | $228.3M | 574.2K shares | 0.7% | |
| COMP | Compass Inc | $187.7M | 15.2M shares | 0.5% | |
| LIN | Linde | $177.2M | 341.5K shares | 0.5% | |
| TSLA |
| Tesla |
| $169M |
| 401.9K shares |
| 0.5% |
| LSCC | Lattice Semiconductor | $165.8M | 1.1M shares | 0.5% |
| BLDR | Builders FirstSource | $146.7M | 1.6M shares | 0.4% |
| Q | Qualtrics | $136.2M | 834K shares | 0.4% |
| MPWR | Monolithic Power | $117.6M | 85.1K shares | 0.3% |
| AMRZ | Amrize | $116.6M | 2.2M shares | 0.3% |
| LFUS | Littelfuse | $102.1M | 224.2K shares | 0.3% |
| SHOP | Shopify | $94.9M | 830.9K shares | 0.3% |
| CRWV | CoreWeave | $62.6M | 628.4K shares | 0.2% |
| SNOW | Snowflake | $55M | 216K shares | 0.2% |
| MAIR | MoneyGram Air | $48.8M | 1.3M shares | 0.1% |
| CBRS | CyberArk | $33.1M | 150K shares | 0.1% |
| GOOG | Alphabet Class C | $30M | 85K shares | 0.1% |
| STX | Seagate | $29.1M | 30.1K shares | 0.1% |
| QNT | Quanterix | $24.5M | 300K shares | 0.1% |
| DPC | DPC | $6.1M | 125K shares | 0.0% |
| Ticker | Name | Note |
|---|---|---|
| MLB1 | Miscellaneous | |
| NU | NU HOLDINGS LTD/CAYMAN ISL-A | |
| TPD | Thai passthrough | |
| CUSIP:88023U101 | TEMPUR SEALY INTL INC | |
| KNX | Knight-Swift | |
| AVGO | Broadcom | exited alongside NVDA |
| NVDA | NVIDIA | exited NVDA outright; SPCX and CRWV now carry the AI-compute exposure |
| XPO | XPO Logistics | |
| CLS | Celestica | |
| TSM | Taiwan Semiconductor | small residual exited |
| LYV | Live Nation | |
| CUSIP:89055F103 | TOPBUILD CORP | |
| BLD | TopBuild | |
| ADSK | Autodesk | |
| ASML | ASML | exited semi-cap alongside NVDA/AVGO |
| Ticker | Q2 value | Change | Direction |
|---|---|---|---|
| CART | $1.1B | 0% | ADD |
| JHX | $721.1M | -2.7% | TRIM |
| NU UN | $593.4M | +71.6% | ADD |
| JCI | $548.2M | +206.5% | ADD |
| MELI | $471M | -25.7% | TRIM |
| USFD | $460.3M | +5.1% | ADD |
| DHR | $434.7M | -1% | TRIM |
| SHW | $431.3M | +164.4% | ADD |
| RDDT | $427.8M | +0.2% | ADD |
| TMO | $409.7M | +12.7% | ADD |
| KRC | $393.4M | -6.9% | TRIM |
| CLH | $393M | -1.7% | TRIM |
| SGI | $390.1M | +6.1% | ADD |
| FLS | $368.5M | -15.4% | TRIM |
| FERG | $304.3M | +267% | ADD |
| DIS | $276.7M | +22.1% | ADD |
| GOOGL | $263.8M | +57.5% | ADD |
| SPOT | $261.2M | +67.1% | ADD |
| CVNA | $248.8M | +465.4% | ADD |
| DASH | $240.6M | -9.3% | TRIM |
| SCHW | $227.6M | +4.6% | ADD |
| COF | $219.4M | -2.1% | TRIM |
| LINE | $204.8M | -36% | TRIM |
| MLM | $199M | +6.9% | ADD |
| CPNG | $178.8M | -11.4% | TRIM |
Q2 marks a full pivot: D1 exited the listed AI-chip complex (NVDA, AVGO, TSM, ASML) and rotated the entire compute exposure into SpaceX (private, via SPV) plus CoreWeave — an unusual pair-trade betting that AI compute economics accrue upstream (launch/vertical) or to independent GPU clouds, not to the current chip incumbents. Meta and GOOG C-share adds still keep the mega-cap AI application layer in the book.
Figures are computed from the latest 13F-HR filing (period 2026-06-30); the filing is authoritative.