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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
+6.3%
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
$4.32B
AUM Growth
-$288M
Cap. Flow
-$364M
Cap. Flow %
-8.42%
Top 10 Hldgs %
74.36%
Holding
34
New
6
Increased
4
Reduced
8
Closed
5

Top Buys

Rank Stock Value
1
FLUT icon
Flutter Entertainment
FLUT
+$359M
2
DT icon
Dynatrace
DT
+$238M
3
BZ icon
Kanzhun
BZ
+$83.2M
4
TOST icon
Toast
TOST
+$62.6M
5
GLBE icon
Global E Online
GLBE
+$37.4M

Top Sells

Rank Stock Value
1
DDOG icon
Datadog
DDOG
+$275M
2
DASH icon
DoorDash
DASH
+$244M
3
XYZ
Block Inc
XYZ
+$203M
4
PDD icon
Pinduoduo
PDD
+$133M
5
NCNO icon
nCino
NCNO
+$89.9M

Sector Composition

Rank Sector Weight
1 Technology 39.45%
2 Consumer Discretionary 36.25%
3 Communication Services 15.6%
4 Healthcare 4.39%
5 Financials 3.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXDR
26
Nextdoor Holdings
NXDR
$925M
$4.5M 0.1%
2,000,000
– –
RDDT icon
27
Reddit
RDDT
$29.5B
$1.48M 0.03%
+30,000
New +$1.64M
ME
28
DELISTED
23andMe Holding Co
ME
$266K 0.01%
25,000
– –
SNOW icon
29
Snowflake
SNOW
$115B
$80.8K ﹤0.01%
500
-286,354
-100% -$55.5M
BIRK icon
30
Birkenstock
BIRK
$5.89B
– –
-300,000
Closed -$14.6M
CARG icon
31
CarGurus
CARG
$3.28B
– –
-1,837,399
Closed -$44.4M
CART icon
32
Maplebear
CART
$11.5B
– –
-751,285
Closed -$17.6M
CWAN
33
DELISTED
Clearwater Analytics
CWAN
– –
-893,361
Closed -$17.9M
ESMT
34
DELISTED
EngageSmart, Inc.
ESMT
– –
-2,191,705
Closed -$50.2M
1
2

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Marc Stad's Q1 2024 Portfolio in Review

As of Q1 2024, Marc Stad held 34 positions worth $4.32B, down 6.2% from $4.61B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Marc Stad withdrew a net $364M in Q1 2024, closing 5 positions and reducing 8 holdings. Its most notable exit was EngageSmart, Inc., an estimated $50.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Marc Stad opened a new position in Flutter Entertainment worth $336M.

  • Marc Stad's largest Q1 2024 buy was Flutter Entertainment: 1,683,408 shares worth $336M.
  • Marc Stad added most to Kanzhun in Q1 2024, an estimated $83.2M increase.
  • Marc Stad's biggest Q1 2024 reduction was Datadog, cutting an estimated $275M.
  • Marc Stad fully exited EngageSmart, Inc. in Q1 2024, selling an estimated $50.2M.
  • Marc Stad's ten largest holdings make up 74% of its $4.32B portfolio in Q1 2024.
  • Marc Stad opened 6 new positions and closed 5 in Q1 2024.
  • Marc Stad's portfolio value fell 6.2% quarter-over-quarter to $4.32B.

Based on Dragoneer Investment Group's 13F filing for Q1 2024, filed 15 May 2024.