Marc Stad Dragoneer Investment Group
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDFN
Redfin
RDFN
|
+$24.9M |
| 2 |
Twilio
TWLO
|
+$21.1M |
| 3 |
MYND
Mynd.ai
MYND
|
+$11.4M |
| 4 |
BlackLine
BL
|
+$9.86M |
| 5 |
Roku
ROKU
|
+$9.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AppFolio
APPF
|
+$31.1M |
| 2 |
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 | |
|---|---|---|---|---|---|---|
|
WUBA
1
DELISTED
58.com Inc
WUBA
| $71.5M | 11.73% |
1,131,868
-128,129
| -10% | -$7.28M |
|
2
JD.com
JD
$39.7B
| $61.2M | 10.05% |
1,602,805
-96,742
| -6% | -$4.14M |
|
3
ServiceNow
NOW
$133B
| $58.5M | 9.6% |
2,489,885
| – | – |
|
|
4
AppFolio
APPF
$7.95B
| $52.8M | 8.67% |
1,101,321
-792,329
| -42% | -$31.1M |
|
|
5
BlackLine
BL
$1.85B
| $48.5M | 7.96% |
1,422,115
+291,694
| +26% | +$9.86M |
|
6
Meta Platforms (Facebook)
META
$1.4T
| $47.3M | 7.76% |
276,890
+4,800
| +2% | +$801K |
|
|
7
Etsy
ETSY
$7.44B
| $42.5M | 6.97% |
2,518,000
-1,767,700
| -41% | -$27.9M |
|
8
Alibaba
BABA
$286B
| $38.4M | 6.3% |
222,145
| – | – |
|
|
EVBG
9
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $35.7M | 5.86% |
1,352,768
| – | – |
|
|
XYZ
10
Block Inc
XYZ
$49.4B
| $24.9M | 4.08% |
863,561
-779,334
| -47% | -$20.4M |
|
|
RDFN
11
DELISTED
Redfin
RDFN
| $24.2M | 3.98% |
+966,183
| New | +$24.9M |
|
|
12
Twilio
TWLO
$34.6B
| $21M | 3.45% |
+704,355
| New | +$21.1M |
|
13
Snap
SNAP
$8.86B
| $18.4M | 3.01% |
1,263,021
-234,375
| -16% | -$3.39M |
|
14
Netflix
NFLX
$331B
| $17.1M | 2.81% |
943,240
| – | – |
|
15
MakeMyTrip
MMYT
$5.69B
| $16M | 2.63% |
557,868
+85,368
| +18% | +$2.73M |
|
|
MYND
16
Mynd.ai
MYND
$23.3M
| $12.3M | 2.01% |
+43,000
| New | +$11.4M |
|
|
17
Roku
ROKU
$23.4B
| $9.55M | 1.57% |
+360,000
| New | +$9.01M |
|
|
MULE
18
DELISTED
MuleSoft, Inc.
MULE
| $5.56M | 0.91% |
276,273
-152,327
| -36% | -$3.39M |
|
|
PRO
19
DELISTED
PROS Holdings
PRO
| $2.73M | 0.45% |
113,287
+4,164
| +4% | +$111K |
|
|
ELLI
20
DELISTED
Ellie Mae Inc
ELLI
| $1.15M | 0.19% |
14,000
| – | – |
|
21
Alarm.com
ALRM
$2.82B
| – | – |
-20,000
| Closed | -$753K |
|
|
BEDU
22
DELISTED
Bright Scholar Education Holdings
BEDU
| – | – |
-95,175
| Closed | -$4.53M |
|
23
Floor & Decor
FND
$5.78B
| – | – |
-50,000
| Closed | -$1.96M |
|
|
LBRDK
24
DELISTED
Liberty Broadband Class C
LBRDK
| – | – |
-163,523
| Closed | -$14.2M |
|
25
Okta
OKTA
$23.5B
| – | – |
-20,000
| Closed | -$456K |
|
Similar funds
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.