Billionaire Daniel Sundheim's D1 Capital Partners disclosed two new non-AI stock picks in its second-quarter filings. The fund bought over 340,000 shares of Linde plc, a stake worth about $177.2 million and 0.51% of the portfolio, and 1.6 million shares of Builders FirstSource, Inc., worth about $146.7 million and 0.42% of the portfolio. Linde is the largest industrial gas company in the world, selling oxygen, nitrogen, hydrogen and argon to refiners, steelmakers, chemical plants and hospitals. Builders FirstSource, a building materials company, is down about 38% so far this year, and bulls argue the housing downturn may be close to a bottom. The stock trades at about 20 times forward non-GAAP earnings, roughly in line with the sector median of 19.9 times, and at about 11 times forward EBITDA versus a sector median of 12 times.
Builders FirstSource IncD1 Capital disclosed a new 1.6 million-share stake in Builders FirstSource, a bullish institutional position.
Linde plc Ordinary SharesD1 Capital disclosed a new ~$177.2 million stake in Linde plc.
