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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
-18.27%
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
$3B
AUM Growth
-$1.58B
Cap. Flow
-$850M
Cap. Flow %
-28.33%
Top 10 Hldgs %
94.28%
Holding
28
New
1
Increased
3
Reduced
5
Closed
11

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$457M
2
NVDA icon
NVIDIA
NVDA
+$198M
3
CPNG icon
Coupang
CPNG
+$123M
4
CVNA icon
Carvana
CVNA
+$101M

Top Sells

Rank Stock Value
1
DAY
Dayforce
DAY
+$328M
2
MELI icon
Mercado Libre
MELI
+$323M
3
PDD icon
Pinduoduo
PDD
+$208M
4
DUOL icon
Duolingo
DUOL
+$204M
5
EXE
Expand Energy Corp
EXE
+$146M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 42.06%
2 Technology 39.08%
3 Communication Services 13.58%
4 Financials 5.13%
5 Healthcare 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEMI
26
Gemini Space Station
GEMI
$555M
– –
-810,000
Closed -$8.04M
NAVN
27
Navan Inc
NAVN
$7.42B
– –
-2,095,507
Closed -$35.8M
MDLN
28
Medline Inc
MDLN
$30.1B
– –
-525,000
Closed -$22.1M
1
2

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Marc Stad's Q1 2026 Portfolio in Review

As of Q1 2026, Marc Stad held 28 positions worth $3B, down 35% from $4.59B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Marc Stad withdrew a net $850M in Q1 2026, closing 11 positions and reducing 5 holdings. Its most notable exit was Dayforce, an estimated $328M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 41% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Marc Stad opened a new position in Meta Platforms (Facebook) worth $408M.

  • Marc Stad's largest Q1 2026 buy was Meta Platforms (Facebook): 712,800 shares worth $408M.
  • Marc Stad added most to NVIDIA in Q1 2026, an estimated $198M increase.
  • Marc Stad's biggest Q1 2026 reduction was Block Inc, cutting an estimated $125M.
  • Marc Stad fully exited Dayforce in Q1 2026, selling an estimated $328M.
  • Marc Stad's ten largest holdings make up 94% of its $3B portfolio in Q1 2026.
  • Marc Stad opened 1 new position and closed 11 in Q1 2026.
  • Marc Stad's portfolio value fell 35% quarter-over-quarter to $3B.

Based on Dragoneer Investment Group's 13F filing for Q1 2026, filed 15 May 2026.