Sundheim's D1 Capital bought several tech stocks last quarter — with one big exception

Daniel Sundheim’s D1 Capital bought into a plethora of well-known technology stocks in the first quarter, but Meta didn’t get the same love. The hedge fund zeroed out of its stake of more than 376,000 shares in the social media giant during the three-month period, according to regulatory filings. Sundheim’s position was worth more than $240 million. The Facebook parent tumbled more than 13% in the first quarter, marking its third straight negative quarter and biggest quarterly loss since 2022. Shares have rebounded since, rising more than 7% since the start of April. META YTD mountain Meta Platforms in 2026 Sundheim also zeroed out his Synopsys and Arista Networks holdings in the period. The Viking Global alum reduced his position in Spotify by 14% to just over 340,000 shares. But the University of Pennsylvania grad added more than 34% to his Amazon position, making it the fund’s eighth biggest position by value, according to InsiderScore. His stake in the ecommerce giant is now worth around $376.5 million. Amazon shares dropped more than 9% in the first quarter, marking its first losing quarter in four. But shares have surged more than 26% in the current three-month period, leaving the stock up more than 14% in 2026. Sundheim similarly built out his holdings in artificial intelligence stocks including Broadcom and Nvidia during the quarter. He opened stakes in several names such as Alphabet , ASML and Taiwan Semiconductor . Instacart kept its spot as the fund’s largest holding in the quarter with a value of $845 million, according to InsiderScore. Sundheim has been on Instacart’s board since 2020.