Dillon Returns #3 Chevrolet to Victory Lane, Discusses Personal Stock Portfolio

Dillon Daytona

Austin Dillon, the grandson of Richard Childress (he races for Richard Childress Racing), won the 2018 Daytona 500; winning The Great American Race in the #3 Chevrolet (GM) car, 20 years after Dale Earnhardt Jr. broke his career-long draught at the 2.5-mile track. Run in front of a sold-out crowd (101,500 reserved stadium seats), Dillon used a “last-lap, bump and run move that was absolutely Earnhardt-like” to win the 60th edition of the Monster Energy NASCAR Cup Series season. Austin follows the market closely and shared some insight on his personal portfolio with JohnWallStreet.

JWS: Do you personally invest in your corporate sponsors?

Dillon: Every sponsor that I have, that is traded (DWDP, GIS), I have stock in. It works well. You can build together. When you are running well, they are doing well. It’s cool how that works.

JWS: You mentioned that you do a little bit of trading for fun. Can you share a few of your holdings?

Dillon: Caterpillar (CAT), I had them as one of our partners for a while; my Grandpa did well on Caterpillar. Builders First Source (BLDR) has been doing well. Nintendo (NTDOY). I was playing Pokeman like crazy when it came out and was like I should get some stock, they’ve been doing well.

Can you give us one trade you’d like to have back?

Dillon: I messed up on Tesla (TSLA), badly. I had it at $44. One of my engineers was like ‘it’s not going anywhere’ and I sold it (currently at $335.49). I had around 200 shares.

Howie Long-Short: While Dillon only references DWDP and GIS (as corporate sponsors he invests in), he owned shares of Cabela’s prior to the its $4 billion acquisition by Bass Pro Shops. Bass Pro Shops remains one of Dillon’s sponsors, but is not publicly traded.

Fan Marino: Dillon returning the famed #3 Chevrolet to Victory Lane was the biggest story line from Sunday’s race, but there were several other noteworthy headlines. Darrell “Bubba” Wallace Jr. returned a Richard Petty Motorsports car to the Daytona 500; the rookie finished 2nd, the highest ever finish for an African-American driver (and first time an African American has participated in the race since Wendell Scott in 1969). Danica Patrick was also competing in her last NASCAR race. She finished 35th after being involved in a Turn 3 crash on Lap 102. The wreck also ended the day for Chase Elliott, Brad Keselowski and Kevin Harvick.

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EXCLUSIVE: NASCAR’S AUSTIN DILLON DISCUSSES HIS CURRENT HOLDINGS AND BIGGEST TRADE REGRET

The Monster Energy (MNST) NASCAR Cup Series playoffs continued Sunday at New Hampshire Motor Speedway. Kyle Busch won the ISM Connect 300, advancing in to the round of 12 in the process. JWS got the exclusive opportunity to sit down with Austin Dillon, currently sitting in 13th place, to discuss his corporate sponsorship partners, investment portfolio and a decision to sell (an equity) that he regrets. Austin finished 19th in Sunday’s race after being involved in an 8-car wreck.

How does your passion for sports drive the corporate sponsorship partners you have?

Austin Dillon: I’m a huge outdoorsman, so I started out with Bass Pro Shops (CAB). That was an easy tie-in for me with my hunting and fishing background. From a racing standpoint, I used to be with AdvoCare and their Rehydrate product. I enjoyed using the product. We won a championship with them. I’m now with Dow Chemical Company (DWDP) and their scientists and engineers directly make an impact on our car through technological advances. 

Do you personally invest in your corporate sponsors?

Austin Dillon: Every sponsor that I have, that is traded (CAB, DWDP, GIS), I have stock in. It works well. You can build together. When you are running well, they are doing well. It’s cool how that works.

You mentioned that you do a little bit of trading for fun.  Can you share a few of your holdings?

Austin Dillon: Caterpillar (CAT), I had them as one of our partners for a while; my Grandpa did well on Caterpillar. Builders First Source (BLDR) has been doing well. Nintendo (NTDOY). I was playing Pokeman like crazy when it came out and was like I should get some stock, they’ve been doing well. 

Can you give us one trade you’d like to have back?

Austin Dillon: I messed up on Tesla (TSLA), badly. I had it at $44. One of my engineers was like ‘it’s not going anywhere’ and I sold it (currently at $351). I had around 200 shares.

Howie Long-Short: Dow Chemical Corporation and DuPont Co., the 2 largest American chemical makers, completed a $130 billion merger in late August. As of September 1st, the company began to trade under the symbol DWDP. DWDP is expected to split into 3 separate companies (agriculture, specialty products and materials).

Fan Marino: Austin Dillon played for the South-East team in the 2002 Little League World Series. South East made the 2017 United States Championships and Austin was given opportunity to give the kids a pep-talk before the game. South-East ended up losing a heartbreaker to South-West, 6-5. Nolan Ryan delivered the South-West team’s pregame speech.