StarZero All shows Try the podcast clipper →

D1 Capital Partners

also referred to as: d1 capital

20 statements across 1 episodes · 3 bullish · 5 bearish · 1 people on the record · first statement Oct 22, 2025 by Dan Sundheim · said 21 times in 1 episodes since 2025 · across every show →

Mentions by year

brought up most by Daniel Gross (14), Dan Sundheim (5), John Collison (2)

tap a year for its mentions
001312512025episodesmentions
0112025episodes it came up in
00130.52512025episodesmentions per episode
2025 21 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about D1 Capital Partners, oldest first

Oct 22, 2025
Disclosure
Sundheim: D1 analysts must be awake during coverage earnings calls
“If the company reports earnings, I expect the analyst to be awake. And I'm awake too.”
Dan Sundheim Oct 22, 2025 ▶ 48:12 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 negative
Disclosure
Sundheim: D1 Capital does not use derivatives due to timeframe risk
“I don't use, I really don't use derivatives at all. The problem with derivatives is like, look, At the end of the day, when you break down, what is a derivative? It's just leverage and implied volatility. Like, if I want leverage, I can go, you know, get lever…”
Dan Sundheim Oct 22, 2025 ▶ 39:56 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 bearish
Disclosure
Sundheim: D1 Capital stopped investing in China around 2022
“Yeah, we stopped investing in China about three years ago.”
Dan Sundheim Oct 22, 2025 ▶ 1:09:54 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 neutral
Assertion Not checkable as stated
Sundheim: Private equity hires take three years to contribute at D1
“Now, like, if I hire somebody from private equity, it takes about three years for them to really be, like, contributing to the one.”
Dan Sundheim Oct 22, 2025 ▶ 15:18 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 negative
Assertion Not checkable as stated
Sundheim: Hiring lateral portfolio managers from other funds almost never succeeds
“If I hire somebody laterally, who's a portfolio manager in another fund, that's rarely been successful, almost, almost never.”
Dan Sundheim Oct 22, 2025 ▶ 14:56 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
Sundheim: D1 analysts must submit weekly mock portfolios allocating capital
“We, yeah, we, everyone has like a, what we call a mock portfolio. So every week they have to take the positions they cover and they have to say, if I was managing capital, here's how I would allocate capital.”
Dan Sundheim Oct 22, 2025 ▶ 18:13 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
Sundheim: D1 paused short selling for a year after GameStop
“After GameStop, we took about a year off of short selling, and then I reengaged in short selling.”
Dan Sundheim Oct 22, 2025 ▶ 34:19 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
Sundheim: Over 90% to 95% of D1 trades are his own decisions
“90, 95% plus.”
Dan Sundheim Oct 22, 2025 ▶ 2:19 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
Sundheim: D1 usually buys public stocks before finishing investment memos
“We're having to get to the memo stage, and usually we start buying it before, because in the public markets, you know, if you have a good idea, you could take a month and a half to, like, write a memo, but by that time, the price may have moved. So usually we …”
Dan Sundheim Oct 22, 2025 ▶ 2:50 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Insight
Sundheim: Companies facing secular decline almost never get acquired
“I find that, like generally, companies that have secularists almost never get bought. Like, I rarely has, do I ever see a CEO say, I want to go buy something that grows slower than I do, right? Like, this doesn't happen, right? Nobody wants, like, Take the tim…”
Dan Sundheim Oct 22, 2025 ▶ 38:39 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 positive
Assertion Not checkable as stated
Sundheim: D1's diversified short alpha matches its concentrated era
“Our short alpha since that time, and since we implemented the more diverse portfolio you referenced, our short alpha has been as good or better”
Dan Sundheim Oct 22, 2025 ▶ 35:24 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
D1 Capital covered all short positions at peak prices during GameStop rally
“We covered everything at the worst time, and I knew it was the worst time. But, if it kept going on for two weeks, yeah, all of a sudden there's a real problem, and I wasn't going to put the firm at risk, and I told my investors that this is the worst time.”
Dan Sundheim Oct 22, 2025 ▶ 30:28 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 bearish
Assertion Not checkable as stated
Sundheim: D1's 2020 short portfolio ultimately underperformed massively
“Now, if I had held that short portfolio, forget like from the top, if I just held from the end of 2020, I mean, they underperformed massively.”
Dan Sundheim Oct 22, 2025 ▶ 30:44 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 positive
Assertion Not checkable as stated
D1 Capital never received margin calls during the January 2021 GameStop squeeze
“We never came close to going into business, never had margin calls, never.”
Dan Sundheim Oct 22, 2025 ▶ 25:29 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Disclosure
Sundheim: D1 Capital avoids hiring portfolio managers or public equity veterans
“One, we don't hire portfolio managers. I pretty much only hire people who've never done public equity before which has pros and cons.”
Dan Sundheim Oct 22, 2025 ▶ 14:27 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 negative
Disclosure
Sundheim: D1 Capital will definitely not expand into macro trading
“Definitely not macro. First of all, like, it's tempting to think that because you're good at one thing, you're going to be good at all these different things, and, ah, I think that in and of itself was like a mistake.”
Dan Sundheim Oct 22, 2025 ▶ 54:17 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Insight
Sundheim: Private secondaries only offer easy liquidity for companies you shouldn't sell
“You can sell, like, the best companies you can sell easily, but those aren't the companies you want to sell. You know, it, it's, ah, we rarely transact in the secondary market because, you know, we don't want to sell the best companies, and it's hard, like peo…”
Dan Sundheim Oct 22, 2025 ▶ 4:37 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025
Insight
Sundheim: The biggest investing mistakes come from selling great compounders too early
“The biggest mistakes are selling the Costco's too early, because you know, the IRR is totally dependent upon what you assume the exit multiple is, like, and that is difficult to be precise about, you know, what the right exit multiple is for a business.”
Dan Sundheim Oct 22, 2025 ▶ 7:30 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 bullish
What-if
Sundheim: D1 Capital should have owned more AI stocks
“I think to our detriment. We should have owned more AI stocks.”
Dan Sundheim Oct 22, 2025 ▶ 1:18:15 Dan Sundheim of D1 Capital on the art of public market investing
Oct 22, 2025 neutral
Insight
Sundheim: Monthly and quarterly returns are arbitrary outputs of past decisions
“If you have a portfolio of things that you've built over time, our monthly returns and quarterly returns are purely an output. Like there's nothing, it's, it is arbitrary in some respects.”
Dan Sundheim Oct 22, 2025 ▶ 23:52 Dan Sundheim of D1 Capital on the art of public market investing
Made with StarZero

Turn any episode into a week of clips.

This entire site, about 28 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more