D1 Capital Allocates Over 60% of Portfolio to SpaceX
Daniel Sundheim's hedge fund, D1 Capital Partners, disclosed in a recent filing that it holds over 60% of its portfolio in SpaceX (NASDAQ:SPCX), with the next largest holding accounting for just under 3%. The stake includes 126 million shares valued at approximately $21.5 billion as of June 30, 2026. This concentration is notable given that SpaceX only began trading publicly in June 2026 and D1 likely held the position privately before its IPO. Other hedge funds also hold significant stakes but not to this extent—Gavin Baker's Atreides Management reported a 32.58% weighting, while others like Altimeter Capital had much smaller positions. The rationale for such heavy exposure is based on SpaceX being viewed as an AI holding company with growing revenue from Earth-based data centers and Starlink services. However, the stock has since declined significantly post-IPO amid a $541 million net loss in Q2 2026.
Topics: hedge fund space industry stock portfolio allocation