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Fund Head of $ 21 billion D1 Capital Partners returned, driving a handful of giant corporate twists in Europe, as the Berze regions have underestimated many of its largest companies.
The company reduced a 44 percent refund last year to a public trade portfolio, and the largest drivers come from their investment in the German group Siemens EnergyBritish industrial company Rolls-Royce and the Italian Bank Unicredit, according to a letter from the investor seen by The Financial Times.
Capital D1 continued these gains in 2025, with 7.7 percent of the net refund in January, according to the person you are familiar with the data.
Recovery helped to recover D1 capital from great losses on its heavy technological bets 2022, which Hedge Fund led to its high water for the “irresistible majority” of its investors, which means that he could again collect fees for performance he had to give up Until the clients were complete again.
D1 based in New York is one of a group of prominent Hedge funds such as the management of Coatoe and Tiger Global Management, which has built major private roles in technological companies, along with its public trade portfolio. At the beginning of 2022, they were strongly affected as the technological companies were lurking. He was led by Daniel Sundheim, a veteran of the Viking global investors who appointed his company in the Omanja of the Amazon Etos that it was “the first day” every day.
D1 Capital made money, mostly in Europe, betting on high corporate reversals that began to come true. Sundheim highlighted the new leadership in Rolls-Royce, where the Tufan Erginbilgiç CEO is the cost of reducing costs, and Unicredit, where Andrea Orcel Curi Europe for possible downloads.
Sundheim, which founded D1 2018, runs the company through the point of slope. After suffering from steep losses in 2022, the Fund has made several new employment in its investment team in the last few months, the letter states.
Partially, they benefited from a discount European corporate group compared to their US peers from the USA.
“We believe that there is currently an extremely attractive opportunity to buy great companies that trade on the US stock market. . . Companies with similar products, end markets and prospects for growth can trade with significantly different estimates, “he said, referring to lower multiple European earnings.
Still, since Donald Trump landed in the White House, that trend started reverse: Benchmark Index of the Stoxx Europe 600 received 5.7 percent compared to the S&P 500 Wall Street, which during this period reduced the profit and reduced by 0.2 percent.
However, D1 did not use great profit everywhere. The Fund had only 3.7 percent of their private shares last year, the letter was added. Since the rates of new offers and public lists remains muffled, investors fought to bring their positions to it because some assets remained stuck.
The Fund consists of about $ 8 billion in public trade shares and $ 12 billion in private investments, said a person familiar with his portfolio. D1 capital losses during 2022 were primarily concentrated in their private investments.
The Fund was launched in 2018 with equipment for the production of large bets for promising technological companies, but in the coming years it is diverse in other sectors. Since then, he has built roles in dear silicon valleys such as Spacex, Groq, Stripe and Ramp.
D1 Capital’s share of Air Force Company Elon Musk Spacex – which has grown in estimation since Trump has been elected in November – makes almost a third of its private portfolio. Although the man’s company has since jumped in evaluating at $ 350 billion, D1 Capital is not planning to sell its share “despite very significant input interest,” the letter said.
Sundheim’s Fund hit a short grip of meme, which encouraged the company that Repeat your short betsFT reported at the time. However, the Fund still maintains short positions and called them the “fundamental part of our business.”
He predicted that these bets would be strengthened by growing volatility in stocks as big hedge funds that use severe influences and are quickly sold during the downfalls, an increasing proportion of US markets have.
