Daniel Sundheim’s D1 Capital made a handful of notable adjustments to its expertise holdings within the fourth quarter, together with closing out a place in a key synthetic intelligence play. As expertise shares led the market increased into the tip of 2023, the billionaire offered his total holding valued at a bit greater than $60 million in Nvidia , based on a brand new regulatory filling. It got here close to the end line of a banner yr for the chipmaker, with shares hovering greater than 230% as curiosity in AI boomed. Nvidia has gone on to leap one other 46% this yr thus far. We cannot know if Sundheim stayed on the sidelines till the primary quarter filings are launched. NVDA 1Y mountain Nvidia, 1-year It wasn’t his solely reduce to mega-cap expertise holdings. Sundheim additionally zeroed out his stake in software program inventory Salesforce , whereas trimming Microsoft and Fb mother or father Meta by greater than 60% and 20%, respectively. However even with the transfer, Meta continues to be the third largest holding within the portfolio. These adjustments got here as traders questioned what lied forward for expertise names following 2023’s rebound. The function of large-cap tech shares in driving up the market was so obvious {that a} group was dubbed the “Magnificent 7” for its outsized positive aspects. Regardless of these broad considerations, Sundheim put cash into different marquee expertise names. Particularly, the Viking World alum elevated positions in Amazon and Google mother or father Alphabet by greater than 30% every within the quarter. Outdoors of massive tech, Sundheim added to Mastercard and Philip Morris stakes. He additionally reported a $42-million stake in WWE and UFC mother or father TKO Group , the inventory that resulted from a merger between two dwell sport titans final yr. Elsewhere, Sundheim began positions in Lexeo Therapeutics and Reside Nation . On the flip aspect, he dissolved stakes in numerous well-known shares together with Hilton , Las Vegas Sands , Liberty Media and Yum Manufacturers . Rivian , Visa , Insulet , Basic Electrical and Block have been amongst these he pulled cash out of within the quarter.
