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Marc Stad Dragoneer Investment Group

AUM $2.83B
1-Year Est. Return 12.55%
 

Marc Stad is the founder of Dragoneer Investment Group, a growth-oriented firm active in public and private technology investing. Dragoneer is known for long-term ownership of high-quality growth businesses and for participation in major technology financings. Stad’s public filings are closely watched for large-cap and growth-equity technology exposure.

This Fund
S&P 500
This Quarter Est. Return
+14.82%
1 Year Est. Return
+12.55%
3 Year Est. Return
+77.31%
5 Year Est. Return
+22.68%
10 Year Est. Return
+767.49%
AUM
$609M
AUM Growth
+$28M
Cap. Flow
-$42M
Cap. Flow %
-6.9%
Top 10 Hldgs %
78.99%
Holding
27
New
4
Increased
4
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
RDFN
Redfin
RDFN
+$24.9M
2
TWLO icon
Twilio
TWLO
+$21.1M
3
MYND
Mynd.ai
MYND
+$11.4M
4
BL icon
BlackLine
BL
+$9.86M
5
ROKU icon
Roku
ROKU
+$9.01M

Top Sells

Rank Stock Value
1
APPF icon
AppFolio
APPF
+$31.1M
2
ETSY icon
Etsy
ETSY
+$27.9M
3
XYZ
Block Inc
XYZ
+$20.4M
4
LBRDK
Liberty Broadband Class C
LBRDK
+$14.2M
5
WUBA
58.com Inc
WUBA
+$7.28M

Sector Composition

Rank Sector Weight
1 Technology 43.19%
2 Communication Services 26.88%
3 Consumer Discretionary 25.95%
4 Real Estate 3.98%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTD icon
26
Trade Desk
TTD
$6.19B
– –
-300,000
Closed -$1.5M
COUP
27
DELISTED
Coupa Software Incorporated
COUP
– –
-30,000
Closed -$869K
1
2

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Marc Stad's Q3 2017 Portfolio in Review

As of Q3 2017, Marc Stad held 27 positions worth $609M, up 4.8% from $581M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Marc Stad withdrew a net $42M in Q3 2017, closing 7 positions and reducing 7 holdings. Its most notable exit was Liberty Broadband Class C, an estimated $14.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 42% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Marc Stad opened a new position in Redfin worth $24.2M.

  • Marc Stad's largest Q3 2017 buy was Redfin: 966,183 shares worth $24.2M.
  • Marc Stad added most to BlackLine in Q3 2017, an estimated $9.86M increase.
  • Marc Stad's biggest Q3 2017 reduction was AppFolio, cutting an estimated $31.1M.
  • Marc Stad fully exited Liberty Broadband Class C in Q3 2017, selling an estimated $14.2M.
  • Marc Stad's ten largest holdings make up 79% of its $609M portfolio in Q3 2017.
  • Marc Stad opened 4 new positions and closed 7 in Q3 2017.
  • Marc Stad's portfolio value rose 4.8% quarter-over-quarter to $609M.

Based on Dragoneer Investment Group's 13F filing for Q3 2017, filed 14 Nov 2017.