Billionaire Daniel Sundheim’s D1 Capital Portfolio: Top 5 Stock Picks

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1. Expedia Group, Inc. (NASDAQ:EXPE)

D1 Capital’s Stake Value: $1,489,566,000

Percentage of D1 Capital’s 13F Portfolio: 17.54%

Number of Hedge Fund Holders: 88

Expedia Group, Inc. (NASDAQ:EXPE) is an online travel company operating in the United States and internationally. The company’s brand portfolio primarily includes Expedia, Vrbo, Orbitz, Travelocity, CheapTickets, Hotwire, CarRentals.com, Classic Vacations, and Expedia Cruise. 

Securities filings for Q1 2022 reveal that Daniel Sundheim’s D1 Capital owned 7.6 million Expedia Group, Inc. (NASDAQ:EXPE) shares, worth about $1.5 billion, representing 17.54% of the total 13F holdings. Expedia Group, Inc. (NASDAQ:EXPE) has been part of Sundheim’s portfolio since Q2 2020. 

On July 14, investment advisory Truist reiterated a Buy rating on Expedia Group, Inc. (NASDAQ:EXPE) but lowered the price target on the stock to $185 from $240. The firm noted that near-term travel demand remains robust but the rampant inflation and currency moves reflect a weaker demand environment heading into 2023. The analyst believes that Expedia Group, Inc. (NASDAQ:EXPE) shares are “attractively valued”. 

According to Insider Monkey’s Q1 data, Expedia Group, Inc. (NASDAQ:EXPE) was part of 88 hedge fund portfolios, up from 82 funds in the earlier quarter. PAR Capital Management is a prominent shareholder of the company, with 4.10 million shares worth $802.2 million. 

Here is what Aristotle Focus Growth Fund has to say about Expedia Group, Inc. (NASDAQ:EXPE) in its Q1 2022 investor letter:

“Expedia outperformed in the first quarter following a better-than-expected earnings report for the company’s fourth quarter of 2021. During the pandemic, the company reduced expenses which has improved operating leverage as revenue recovers. Expectations for travel in 2022 have improved as COVID cases have declined.”

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