Sundheim’s D1 Capital adds new stakes in GE Healthcare, Bank of America

Hedge Fund investor Daniel Sundheim trimmed many of his top positions in the third quarter, but added some new stakes in blue-chip companies, according to securities filings. Sundheim’s D1 Capital added positions in GE Healthcare Technologies and Bank of America during the third quarter, a filing Thursday showed. Both stocks are now among the fund’s 10 largest positions. The filing shows D1’s positions as of the end of September, and it is not known if the portfolio has since changed. As of Thursday afternoon, shares of Bank of America are up 16% in the fourth quarter. Outside of those new positions and buying more shares of XPO Logistics , D1 Capital was mostly selling its top holdings. The hedge fund sold 22% of its biggest holding, Instacart , and 46% of its stake in cigarette maker Philip Morris . D1 also closed out several large holdings in GE Vernova , Pfizer and Nu Holdings , among others. Smaller new positions included Meta Platforms , which it had previously sold during the second quarter, and Starbucks . Sundheim, a veteran of Viking Global Investors, started D1 Capital in 2017. He is also a board member at Instacart. D1 Capital managed about $19 billion as of the end of last year. Quarterly hedge fund filings show only positions in U.S.-traded equities and select derivatives. The extent of other holdings for D1 Capital is unclear.