Top 5 Stock Picks of Billionaire Daniel Sundheim

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In this article, we discuss the top 5 stock picks of billionaire Daniel Sundheim. If you want our detailed analysis of Sundheim’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Billionaire Daniel Sundheim

5. Amazon.com, Inc. (NASDAQ:AMZN)

D1 Capital Partners’ Stake Value: $720,915,000

Percentage of D1 Capital Partners’ 13F Portfolio: 4.03%

Number of Hedge Fund Holders: 242

Amazon.com, Inc. (NASDAQ:AMZN), an ecommerce and tech giant, posted its Q3 results on October 28. EPS in the period equaled $6.12, missing analysts’ estimates by -$2.78. The $110.81 billion revenue also failed to meet analysts’ forecasted revenue by -$784.89 million. 

Daniel Sundheim holds a $720.9 million stake in Amazon.com, Inc. (NASDAQ:AMZN) as of September 2021, which accounts for 4.03% of his total 13 securities. One of the leading stakeholders in the company is Ken Fisher’s Fisher Asset Management, with 1.93 million shares valued at $6.34 billion. 

Of the 867 hedge funds tracked by Insider Monkey, 242 funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN), with a total stake value of $42.55 billion. This is compared to 271 hedge funds owning a position in Amazon.com, Inc. (NASDAQ:AMZN) in the preceding quarter, with stakes worth $60.4 billion. 

On November 24, JPMorgan analyst Doug Anmuth kept an Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) with a $4,350 price target, stating that he expects Amazon.com, Inc. (NASDAQ:AMZN) to surpass Walmart Inc. (NYSE:WMT) as the largest U.S. retailer in 2022, with holiday sales growing 14.5% year-over-year.  

Here is what Polen Capital has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2021 investor letter:

“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”

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