Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供参考 · 非买入清单
D1 Capital Partners
tiger_crossover
B
Reliability improving可靠性走强
leaderboard rank榜单排名 #23FADE淡出
Book持仓规模
$34.8B
long US listed only仅美股多头
Positions持仓数
55
89% resolved已解析
Top-10 concentration前十集中度
77%
% of book占组合%
Turnover换手
MED
36.6% per quarter每季
Median excess中位超额
-10%
buys vs SPY, since filing买入相对SPY，自披露起 · n 237
Hit rate胜率
35%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Space Economy — added SPCX (+61.9pp of book this quarter)核心倾向：太空经济 — 本季度加仓 SPCX（占组合 +61.9pp）
Space Economy太空经济
+61.9pp
61.9% of book held占组合持有
· 1 names标的
· Industrials & Defense
SPCX
Communication Services (Equal-Weight)通信服务（等权）
+2.6pp
2.6% of book held占组合持有
· 4 names标的
· US Sectors (EW)
META
DIS
GOOGL
GOOG
Magnificent Seven七巨头
+2.2pp
2.6% of book held占组合持有
· 4 names标的
· AI & Technology
METAGOOGL
TSLA
AI Software & PlatformsAI 软件与平台
+1.8pp
2.8% of book held占组合持有
· 4 names标的
· AI & Technology
METAGOOGL
SNOW
Health Care (Equal-Weight)医疗保健（等权）
+1.8pp
3.1% of book held占组合持有
· 3 names标的
· US Sectors (EW)
TMO
ISRG
Materials (Equal-Weight)材料（等权）
+1.8pp
2.3% of book held占组合持有
· 3 names标的
· US Sectors (EW)
SHW
LIN
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新披露的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开披露日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 13 scored quarters已评分季度 · 15% positive为正 · recent-4 median近4季中位 -7% vs all-time对全期 -11%
Median excess by quarter各季度中位超额: ▁█▄▅▄▃▄▃▄▄▅▄ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 18 | -36% | 28% | -4% |
| 2023-09-30 | 19 | -56% | 21% | -2% |
| 2023-12-31 | 7 | +35% | 57% | +5% |
| 2024-03-31 | 18 | -11% | 44% | +4% |
| 2024-06-30 | 15 | +8% | 60% | +20% |
| 2024-09-30 | 12 | -13% | 17% | +0% |
| 2024-12-31 | 23 | -18% | 22% | -1% |
| 2025-03-31 | 24 | -7% | 42% | +0% |
| 2025-06-30 | 12 | -23% | 25% | -8% |
| 2025-09-30 | 17 | -12% | 24% | +3% |
| 2025-12-31 | 25 | -8% | 36% | -8% |
| 2026-03-31 | 23 | -0% | 48% | -0% |
| 2026-06-30 | 24 | -5% | 38% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新披露；季度环比变化对上季Current weights当前权重 · 2026-06-30
Unclassified
68.0%
▲ +57.8pp
Technology
6.4%
▼ -18.2pp
Communication Services
5.0%
▼ -6.5pp
Consumer Defensive
4.4%
▼ -6.6pp
Industrials
3.5%
▼ -9.5pp
Healthcare
3.1%
▼ -4.0pp
Consumer Cyclical
2.8%
▼ -5.6pp
Basic Materials
2.3%
▼ -0.7pp
Financial
2.3%
▼ -3.8pp
Real Estate
2.3%
▼ -2.7pp
Theme categories主题类别
Industrials & Defense 61.9%
US Sectors (EW) 7.2%
AI & Technology 4.4%
Consumer Cyclical 1.7%
Industrials 1.5%
Financials 1.1%
Rotating into (QoQ)轮入（环比）
no QoQ increases无环比增持
Rotating out of (QoQ)轮出（环比）
Technology -18.2pp
Industrials -9.5pp
Consumer Defensive -6.6pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-06-30 | Unclassified 68% · Technology 6% · Communication Services 5% |
| 2026-03-31 | Technology 25% · Industrials 13% · Communication Services 12% |
| 2025-12-31 | Industrials 19% · Technology 19% · Communication Services 16% |
| 2025-09-30 | Industrials 25% · Consumer Defensive 17% · Technology 16% |
| 2025-06-30 | Industrials 24% · Consumer Defensive 20% · Financial 17% |
| 2025-03-31 | Consumer Defensive 22% · Industrials 17% · Financial 15% |
| 2024-12-31 | Consumer Defensive 28% · Consumer Cyclical 17% · Technology 14% |
| 2024-09-30 | Consumer Defensive 28% · Consumer Cyclical 19% · Communication Services 14% |
| 2024-06-30 | Consumer Defensive 29% · Consumer Cyclical 22% · Communication Services 11% |
| 2024-03-31 | Consumer Defensive 29% · Communication Services 20% · Healthcare 12% |
| 2023-12-31 | Consumer Defensive 20% · Consumer Cyclical 17% · Communication Services 16% |
| 2023-09-30 | Consumer Cyclical 22% · Consumer Defensive 16% · Technology 13% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至披露日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。49 positions shown项持仓 · resolved已解析 49/55 (89%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自披露 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SPCX |
Space Exploration Techn Corp | 61.9% | $21.5B | new | — | 1q | 75 · HIGH | — | Space Economy | +8% |
| 2 |  CART |
Maplebear Inc | 3.1% | $1.1B | hold | +0% | — | 69 · MODERATE | Consumer Defensive | Ads & Media, Grocery | +3% |
| 3 |  MELI |
Mercadolibre Inc | 1.4% | $471M | trim | -26% | — | 59 · MODERATE | Technology | E-Commerce, Marketplaces | +5% |
| 4 |  USFD |
Us Foods Hldg Corp | 1.3% | $460M | hold | +5% | — | 58 · MODERATE | Consumer Defensive | Processing | -9% |
| 5 |  DHR |
Danaher Corp Del | 1.2% | $435M | hold | -1% | — | 57 · MODERATE | Healthcare | Health Care (Equal-Weight) | +2% |
| 6 | SHW |
Sherwin Williams Co | 1.2% | $431M | add | +164% | 1q | 61 · MODERATE | Basic Materials | Housing Chain, Materials (Equal-Weight) | -7% |
| 7 |  RDDT |
Reddit Inc | 1.2% | $428M | hold | +0% | — | 56 · MODERATE | Communication Services | Networks, Advertising, Niche | -7% |
| 8 | TMO |
Thermo Fisher Scientific Inc | 1.2% | $410M | add | +13% | 2q | 65 · MODERATE | Healthcare | Health Care (Equal-Weight) | +6% |
| 9 |  KRC |
Kilroy Realty Corp | 1.1% | $393M | hold | -7% | — | 54 · MODERATE | Real Estate | Office | -2% |
| 10 |  CLH |
Clean Harbors Inc | 1.1% | $393M | hold | -2% | — | 54 · MODERATE | Industrials | Waste | +2% |
| 11 |  SGI |
Somnigroup International Inc | 1.1% | $390M | hold | +6% | — | 38 · LOW | Consumer Cyclical | — | +5% |
| 12 |  FLS |
Flowserve Corp | 1.1% | $368M | trim | -15% | — | 37 · LOW | Industrials | — | -6% |
| 13 |  APP |
Applovin Corp | 1.0% | $345M | hold | +0% | — | 36 · LOW | Technology | AI Software & Platforms, AI Agents & Applications, Technology (Equal-Weight) | +8% |
| 14 | META |
Meta Platforms Inc | 0.9% | $319M | new | — | 1q | 41 · LOW | Communication Services | Magnificent Seven, AI Software & Platforms, Communication Services (Equal-Weight) | +15% |
| 15 |  FERG |
Ferguson Enterprises Inc | 0.9% | $304M | add | +267% | 2q | 45 · MODERATE | Industrials | Industrial Distribution & Capital Goods | -7% |
| 16 | DIS |
Disney Walt Co | 0.8% | $277M | add | +22% | 1q | 39 · LOW | Communication Services | Communication Services (Equal-Weight) | +4% |
| 17 | GOOGL |
Alphabet Inc | 0.8% | $264M | add | +58% | 2q | 44 · LOW | Communication Services | Magnificent Seven, AI Software & Platforms, Quantum Computing | +3% |
| 18 |  SPOT |
Spotify Technology S A | 0.8% | $261M | add | +67% | 1q | 38 · LOW | Communication Services | Music | +10% |
| 19 |  CVNA |
Carvana Co | 0.7% | $249M | add | +465% | 2q | 42 · LOW | Consumer Cyclical | Consumer Discretionary (Equal-Weight) | -4% |
| 20 |  DASH |
Doordash Inc | 0.7% | $241M | hold | -9% | — | 31 · LOW | Technology | Consumer Discretionary (Equal-Weight) | -4% |
| 21 | ISRG |
Intuitive Surgical Inc | 0.7% | $228M | new | — | 1q | 26 · LOW | Healthcare | Robotics & Automation, Health Care (Equal-Weight) | -2% |
| 22 |  SCHW |
Schwab Charles Corp | 0.7% | $228M | hold | +5% | — | 30 · LOW | Financial | Financials (Equal-Weight) | -2% |
| 23 |  COF |
Capital One Finl Corp | 0.6% | $219M | hold | -2% | — | 29 · LOW | Financial | Payments & Fintech, Financials (Equal-Weight) | -7% |
| 24 |  LINE |
Lineage Inc | 0.6% | $205M | trim | -36% | — | 29 · LOW | Real Estate | — | -8% |
| 25 |  MLM |
Martin Marietta Matls Inc | 0.6% | $199M | hold | +7% | — | 28 · LOW | Basic Materials | Materials (Equal-Weight) | -6% |
| 26 |  COMP |
Compass Inc | 0.5% | $188M | new | — | 1q | 22 · LOW | Real Estate | — | — |
| 27 |  CPNG |
Coupang Inc | 0.5% | $179M | trim | -11% | — | 26 · LOW | Technology | E-Commerce, Grocery | -4% |
| 28 | LIN |
Linde Plc | 0.5% | $177M | new | — | 1q | 31 · LOW | Basic Materials | Materials (Equal-Weight) | -1% |
| 29 | TSLA |
Tesla Inc | 0.5% | $169M | new | — | 1q | 20 · LOW | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | +7% |
| 30 |  LSCC |
Lattice Semiconductor Corp | 0.5% | $166M | new | — | 1q | 19 · LOW | Technology | Edge, Next-Gen, Machine Vision | -9% |
| 31 |  SE |
Sea Ltd | 0.5% | $161M | trim | -59% | — | 24 · LOW | Communication Services | — | -9% |
| 32 |  AFRM |
Affirm Hldgs Inc | 0.5% | $156M | hold | -2% | — | 23 · LOW | Financial | Payments & Fintech | -4% |
| 33 |  AMZN |
Amazon Com Inc | 0.4% | $150M | trim | -65% | — | 22 · LOW | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -1% |
| 34 |  BLDR |
Builders Firstsource Inc | 0.4% | $147M | new | — | 1q | 16 · LOW | Industrials | Housing Chain, Industrials (Equal-Weight) | -15% |
| 35 |  APO |
Apollo Global Mgmt Inc | 0.4% | $137M | hold | +0% | — | 21 · LOW | Financial | Financials (Equal-Weight) | -6% |
| 36 |  Q |
Qnity Electronics Inc | 0.4% | $136M | new | — | 1q | 26 · LOW | Technology | Technology (Equal-Weight) | -10% |
| 37 |  TXN |
Texas Instrs Inc | 0.3% | $121M | trim | -77% | — | 19 · LOW | Technology | Non-AI Tech & Hardware, Technology (Equal-Weight) | -4% |
| 38 |  MPWR |
Monolithic Pwr Sys Inc | 0.3% | $118M | new | — | 1q | 14 · LOW | Technology | AI Infrastructure, AI Semiconductors, Technology (Equal-Weight) | -16% |
| 39 |  U |
Unity Software Inc | 0.3% | $102M | hold | +10% | — | 18 · LOW | Technology | Gaming, Design, Software | -4% |
| 40 |  LFUS |
Littelfuse Inc | 0.3% | $102M | new | — | 1q | 13 · LOW | Technology | — | -6% |
| 41 |  SHOP |
Shopify Inc | 0.3% | $95M | new | — | 1q | 11 · LOW | Technology | H-SaaS, E-Commerce, H-SaaS | -16% |
| 42 |  CRWV |
Coreweave Inc | 0.2% | $63M | new | — | 1q | 11 · LOW | Technology | AI Infrastructure, AI Neoclouds & HPC Hosting | -19% |
| 43 | SNOW |
Snowflake Inc | 0.2% | $55M | new | — | 1q | 20 · LOW | Technology | AI Software & Platforms, Non-AI Software | +3% |
| 44 |  PURR |
Hyperliquid Strategies Inc | 0.1% | $50M | trim | -21% | — | 14 · LOW | Financial | — | +82% |
| 45 |  MAIR |
Madison Air Solutions Corp | 0.1% | $49M | new | — | 1q | 9 · LOW | — | — | -15% |
| 46 |  ADI |
Analog Devices Inc | 0.1% | $41M | trim | -65% | — | 13 · LOW | Technology | Non-AI Tech & Hardware, Technology (Equal-Weight) | -5% |
| 47 |  CBRS |
Cerebras Systems Inc | 0.1% | $33M | new | — | 1q | 7 · LOW | — | AI Infrastructure, AI Semiconductors | -15% |
| 48 | GOOG |
Alphabet Inc | 0.1% | $30M | new | — | 1q | 6 · LOW | Communication Services | Communication Services (Equal-Weight) | +3% |
| 49 |  QNT |
Quantinuum Inc | 0.1% | $25M | new | — | 1q | 6 · LOW | — | Quantum Computing | -21% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本披露周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (25)
| SPCX new |
61.9% | +8% |
| SHW add |
1.2% | -7% |
| TMO add |
1.2% | +6% |
| META new |
0.9% | +15% |
| FERG add |
0.9% | -7% |
| DIS add |
0.8% | +4% |
| GOOGL add |
0.8% | +3% |
| SPOT add |
0.8% | +10% |
| CVNA add |
0.7% | -4% |
| ISRG new |
0.7% | -2% |
| COMP new |
0.5% | — |
| LIN new |
0.5% | -1% |
| TSLA new |
0.5% | +7% |
| LSCC new |
0.5% | -9% |
| BLDR new |
0.4% | -15% |
| Q new |
0.4% | -10% |
| MPWR new |
0.3% | -16% |
| LFUS new |
0.3% | -6% |
| SHOP new |
0.3% | -16% |
| CRWV new |
0.2% | -19% |
| SNOW new |
0.2% | +3% |
| MAIR new |
0.1% | -15% |
| CBRS new |
0.1% | -15% |
| GOOG new |
0.1% | +3% |
| QNT new |
0.1% | -21% |
Rotated out of轮出 (17)
| MELI trim |
-26% | +5% |
| FLS trim |
-15% | -6% |
| LINE trim |
-36% | -8% |
| CPNG trim |
-11% | -4% |
| SE trim |
-59% | -9% |
| AMZN trim |
-65% | -1% |
| TXN trim |
-77% | -4% |
| PURR trim |
-21% | +82% |
| ADI trim |
-65% | -5% |
 ADSK exit |
-100% | -7% |
 AVGO exit |
-100% | -10% |
 CLS exit |
-100% | +5% |
 KNX exit |
-100% | -1% |
 LYV exit |
-100% | -7% |
 NVDA exit |
-100% | -4% |
 TSM exit |
-100% | +0% |
 XPO exit |
-100% | -12% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以披露日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, reported long positions from managers with at least $100M in Section 13(f) securities. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量披露日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。