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Daniel Sundheim - 4 Daniel Sundheim's - 3 Instacart - 3 Sundheim - 2 Philip Morris - 2 it's - 2 Apoorva Mehta - 2 David Tepper - 2
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Search resuls for: "Daniel Sundheim"


9 mentions found


☆ Sundheim's D1 hedge fund shook up its tech exposure, including selling the hottest stock right now
  + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Daniel Sundheim's D1 Capital made a handful of notable changes to its technology holdings in the fourth quarter, including closing out a position in a key artificial intelligence play. Sundheim also zeroed out his stake in software stock Salesforce , while trimming Microsoft and Facebook parent Meta by more than 60% and 20%, respectively. The role of large-cap tech stocks in driving up the market was so apparent that a group was dubbed the "Magnificent 7" for its outsized gains. Outside of big tech, Sundheim added to Mastercard and Philip Morris stakes. On the flip side, he dissolved stakes in a number of well-known stocks including Hilton , Las Vegas Sands , Liberty Media and Yum Brands .
Persons: Daniel Sundheim's, Sundheim, Philip Morris Organizations: Nvidia, Facebook, Meta, Viking Global, Mastercard, WWE, UFC, Lexeo Therapeutics, Hilton, Liberty Media, Yum Brands, Rivian, Electric Locations: Amazon, Vegas Sands
☆ Phillippe Laffont's Coatue shifted money in technology amid fourth quarter rally
  + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Phillippe Laffont's Coatue made a flurry of changes to his portfolio in the fourth quarter, including shifts within the technology sector in the midst of the fourth quarter's big rally. Nvidia and Meta are only two of many notable cutbacks made by Laffont in the fourth quarter. Beyond Nvidia and Meta, Advanced Micro Devices , Amazon , Microsoft , Netflix and Tesla are the next biggest holdings in the fund. As of the fourth quarter, technology accounts for more than 59% of Coatue, according to InsiderScore. The Nasdaq finished 2023 up more than 43%, helped by a gain of more than 13% in the fourth quarter alone.
Persons: Phillippe Laffont's Coatue, Julian Robertson, Daniel Sundheim's, Laffont, Eli Lilly Organizations: Tiger Management, Nvidia, Meta, Taiwan Semiconductor, MIT, Intuit, Apple, Devices, Microsoft, Netflix, Tesla, Technology, Nasdaq, Ford, Moderna, Paramount Global Locations: Taiwan, Salesforce
☆ D1 Capital adds to Big Tech bets in third quarter, reveals new top holding
  + stars: | 2023-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
Daniel Sundheim's D1 Capital made significant buys in Big Tech stocks during the third quarter and saw one large private holding enter the public market, according to securities filings . The hedge fund increased its stake in Microsoft by nearly 78% while more than doubling its shares in Meta Platforms during the third quarter. Elsewhere in tech, D1 sold more than a third of its shares in Alphabet but added a new stake worth roughly $115 million in Amazon . The buying of Big Tech stock marks a reversal from D1 Capital's moves earlier this year . D1 Capital has more than $27 billion in assets under management, according to WhaleWisdom.com.
Persons: Daniel Sundheim's, Instacart, Philip Morris, Sundheim, Andreas Halvorsen Organizations: Capital, Big, Microsoft, D1, Big Tech, South, Nu Holdings, PNC, Viking Global Locations: Big Tech, Meta, Instacart
☆ Insider Today: Ex-Goldman partners dish
  + stars: | 2023-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
This post originally appeared in the Insider Today newsletter. In today's big story, former Goldman Sachs partners explain what led them to leave their prestigious positions within the bank. A recent Insider investigation by Dakin Campbell and Emmalyse Brownstein found that at least 202 partners have left the firm during CEO David Solomon's volatile five-year tenure. And while Solomon's strategic missteps were a key talking point for many, not all the former partners bashed the CEO. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Goldman Sachs, it's, Goldman, David Solomon, Dakin Campbell, Emmalyse Brownstein, David Solomon's, Dakin, It's, Julian Salisbury, Dina Powell McCormick, Fred Baba, Solomon, Lloyd Blankfein, Apoorva Mehta, Instacart, Daniel Sundheim, Michael Moritz, Here's, Instacart's, Beck, Apoorva, Mehta, Tyler Le, Steve Squeri, Squeri, AEW, Tony Khan, Lauren Boebert, Anna Moneymaker, General Merrick Garland, Kim Kardashian, General Mills, Getty, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, D1 Capital Partners, Sequoia, Getty, Sequoia Capital, Northwestern Mutual Wealth Management's, American Express, Wrestling, WWE's, Fed, U.S, FedEx, General Locations: Wall, Silicon, What's, —, ChatGPT, Cerebral, Colorado, Mostar, Bosnia, Herzegovina, Greece, Bulgaria, Moldova, New York City, San Diego, London, New York
☆ Instacart's CEO, Sequoia's Michael Moritz and D1's Daniel Sundheim have broken open the locked IPO market. Here's how much money they made.
  + stars: | 2023-09-19 | by ( Madeline Renbarger | Samantha Stokes | Vishal Persaud | ) www.businessinsider.com   time to read: 1 min
Instacart went public on Tuesday after raising $924 million in its IPO. Many of Instacart's executives, founders, and investors stand to make millions. Instacart's cofounder Apoorva Mehta and CEO Fidji Simo's stakes are worth $1.2 billion and $21.6 million. After a long lull in the IPO market, Instacart has jumped in as one of the first companies to break the tech IPO drought of the past two years and go public. This story is available exclusively to Insider subscribers.
Persons: Instacart, Apoorva Mehta, Fidji, Brandon Leonardo, Max Mullen, Fidji Simo Organizations: Instacart's
☆ Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
  + stars: | 2023-06-17 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Michael Jordan has agreed to sell his majority stake in his NBA team the Charlotte Hornets. The Hornets are valued at $3 billion, per ESPN — more than 10 times the sum Jordan paid in 2010. Michael Jordan could bag a billion-dollar windfall after he agreed to sell his NBA team for what's likely be a huge premium on the price he paid 13 years ago. Jordan previously sold a minority stake in the Hornets to Plotkin, who is the founder of investment firm Tallwoods Capital, and Daniel Sundheim in 2019. Rapper J. Cole is also part of the group that will buy Jordan's majority stake, the Hornets said.
Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Daniel Sundheim, J, Cole, Schnall, He'll, Air Jordan Organizations: NBA, Charlotte Hornets, Hornets, ESPN, Morning, Tallwoods Capital, Charlotte Bobcats, Atlanta Hawks NBA, Nike, Air, Forbes Locations: Forbes
☆ Cathie Wood builds a $47 million bet on Meta after exiting A.I. winner Nvidia too early
  + stars: | 2023-06-13 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Ark Invest's Cathie Wood built a sizable stake in Meta Platforms Monday after the innovation investor missed out on the recent rally in artificial intelligence winner Nvidia . Wood snapped up 150,459 shares of the Facebook parent for her flagship ARK Innovation ETF in the previous session. META YTD mountain Meta Platforms Meta has been a popular tech and AI play for hedge fund investors, including David Tepper, Daniel Sundheim and Philippe Laffont. Meta recently announced AI computer chips, which will power more advanced metaverse-related tasks, such as virtual reality and augmented reality, as well as generative AI. Wood revealed that her reason for dumping Nvidia was its high valuation as the stock was "priced ahead of the curve."
Persons: Wood, David Tepper, Daniel Sundheim, Philippe Laffont, Meta Organizations: Nvidia, Tesla, Taiwan Semiconductor, ARK Autonomous Technology & Robotics Locations: ARKK
☆ Here are big Wall Street investors' favorite A.I. bets, other than Nvidia
  + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.
Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, —, Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall
☆ Dan Sundheim's D1 Capital reveals new bets on tech stocks, dumps Disney in third quarter
  + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
D1 Capital doubled down on its tech bets in the third quarter, adding some big names to its portfolio. The quarterly hedge fund filing shows only the positions at the end of September, not any details about the trades. D1 also added a handful of smaller new positions, worth less than $100 million a piece. Sundheim is a hedge fund veteran who previously worked as the chief investment officer at Viking Global Investors. D1, which he started in 2018, managed about $40 billion at the end of the first quarter of 2022.
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