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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
-7.02%
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
$4.34B
AUM Growth
-$498M
Cap. Flow
+$31.4M
Cap. Flow %
0.72%
Top 10 Hldgs %
72.37%
Holding
32
New
6
Increased
4
Reduced
9
Closed
3

Top Buys

Rank Stock Value
1
XYZ
Block Inc
XYZ
+$265M
2
RBLX icon
Roblox
RBLX
+$221M
3
CPNG icon
Coupang
CPNG
+$206M
4
BZ icon
Kanzhun
BZ
+$184M
5
GRAB icon
Grab
GRAB
+$60M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$323M
2
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
+$205M
3
SNOW icon
Snowflake
SNOW
+$199M
4
NU icon
Nu Holdings
NU
+$76.9M
5
CARG icon
CarGurus
CARG
+$69.9M

Sector Composition

Rank Sector Weight
1 Technology 50.35%
2 Consumer Discretionary 34.74%
3 Communication Services 10.35%
4 Financials 3.01%
5 Healthcare 1.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KVYO icon
26
Klaviyo
KVYO
$5.22B
$17.3M 0.4%
+500,000
New +$17.2M
NXDR
27
Nextdoor Holdings
NXDR
$925M
$3.64M 0.08%
2,000,000
– –
ROOT icon
28
Root
ROOT
$864M
$1.47M 0.03%
154,320
– –
ME
29
DELISTED
23andMe Holding Co
ME
$489K 0.01%
25,000
– –
KVUE icon
30
Kenvue
KVUE
$36.6B
– –
-1,600,000
Closed -$42.3M
UBER icon
31
Uber
UBER
$161B
– –
-7,488,919
Closed -$323M
FTCH
32
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
– –
-33,981,712
Closed -$205M
1
2

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Marc Stad's Q3 2023 Portfolio in Review

As of Q3 2023, Marc Stad held 32 positions worth $4.34B, down 10% from $4.84B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Marc Stad's Q3 2023 filing shows 6 new, 4 increased, 9 reduced and 3 closed positions. Its largest new stake was Coupang: 11,467,417 shares worth $195M. The largest sale was Uber, an estimated $323M.

By sector, the portfolio is most concentrated in Technology at 50% of assets, down from 58% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Marc Stad's largest Q3 2023 buy was Coupang: 11,467,417 shares worth $195M.
  • Marc Stad added most to Block Inc in Q3 2023, an estimated $265M increase.
  • Marc Stad's biggest Q3 2023 reduction was Snowflake, cutting an estimated $199M.
  • Marc Stad fully exited Uber in Q3 2023, selling an estimated $323M.
  • Marc Stad's ten largest holdings make up 72% of its $4.34B portfolio in Q3 2023.
  • Marc Stad opened 6 new positions and closed 3 in Q3 2023.
  • Marc Stad's portfolio value fell 10% quarter-over-quarter to $4.34B.

Based on Dragoneer Investment Group's 13F filing for Q3 2023, filed 14 Nov 2023.