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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
+15.82%
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
$706M
AUM Growth
+$95.4M
Cap. Flow
+$22.6M
Cap. Flow %
3.2%
Top 10 Hldgs %
80.75%
Holding
26
New
6
Increased
3
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$45.3M
2
META icon
Meta Platforms (Facebook)
META
+$40M
3
RDFN
Redfin
RDFN
+$25.5M
4
STG
Sunlands Technology
STG
+$24.3M
5
DBX icon
Dropbox
DBX
+$22.7M

Top Sells

Rank Stock Value
1
MULE
MuleSoft, Inc.
MULE
+$48.2M
2
ETSY icon
Etsy
ETSY
+$38.9M
3
BL icon
BlackLine
BL
+$23.1M
4
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
+$18.1M
5
NOW icon
ServiceNow
NOW
+$12.8M

Sector Composition

Rank Sector Weight
1 Technology 38.17%
2 Consumer Discretionary 26.93%
3 Communication Services 25.37%
4 Real Estate 6.7%
5 Consumer Staples 2.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWLO icon
1
Twilio
TWLO
$34.6B
$109M 15.45%
2,855,567
+634,282
+29% +$20.1M
META icon
2
Meta Platforms (Facebook)
META
$1.4T
$79.8M 11.31%
499,463
+222,573
+80% +$40M
NOW icon
3
ServiceNow
NOW
$133B
$68.7M 9.73%
2,076,385
-413,500
-17% -$12.8M
WUBA
4
DELISTED
58.com Inc
WUBA
$67M 9.49%
838,868
-62,500
-7% -$4.93M
JD icon
5
JD.com
JD
$39.7B
$54.2M 7.68%
1,338,647
-264,158
-16% -$12M
CNNE icon
6
Cannae Holdings
CNNE
$672M
$47.6M 6.75%
+2,525,000
New +$45.3M
RDFN
7
DELISTED
Redfin
RDFN
$47.3M 6.7%
2,071,145
+1,104,962
+114% +$25.5M
BABA icon
8
Alibaba
BABA
$286B
$40.8M 5.78%
222,145
– –
NFLX icon
9
Netflix
NFLX
$331B
$31.1M 4.4%
1,052,600
– –
SEND
10
DELISTED
SendGrid, Inc.
SEND
$24.5M 3.46%
869,067
-188,223
-18% -$4.86M
DBX icon
11
Dropbox
DBX
$7.5B
$23.4M 3.32%
+750,000
New +$22.7M
APPF icon
12
AppFolio
APPF
$7.95B
$23.1M 3.27%
565,343
– –
MMYT icon
13
MakeMyTrip
MMYT
$5.69B
$22.1M 3.14%
637,868
– –
STG
14
Sunlands Technology
STG
$40.8M
$19.9M 2.83%
+192,240
New +$24.3M
MELI icon
15
Mercado Libre
MELI
$97.5B
$17.8M 2.52%
+50,000
New +$18.3M
BL icon
16
BlackLine
BL
$1.85B
$11.1M 1.58%
284,159
-617,322
-68% -$23.1M
PAGS icon
17
PagSeguro Digital
PAGS
$2.38B
$9.58M 1.36%
+250,000
New +$8.03M
ETSY icon
18
Etsy
ETSY
$7.44B
$7.55M 1.07%
269,000
-1,731,000
-87% -$38.9M
SNAP icon
19
Snap
SNAP
$8.86B
$1.19M 0.17%
+75,000
New +$1.22M
FINV
20
FinVolution Group
FINV
$1.03B
– –
-865,200
Closed -$6.15M
LX
21
LexinFintech Holdings
LX
$219M
– –
-250,000
Closed -$3.48M
NAAS
22
NaaS Technology Inc
NAAS
$57.5M
– –
-66
Closed -$7.76M
JT
23
DELISTED
Jianpu Technology Inc. American Depositary Shares, each representing twenty Class A Ordinary Shares
JT
– –
-25,000
Closed -$1.3M
SAIL
24
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
– –
-1,250,000
Closed -$18.1M
ELLI
25
DELISTED
Ellie Mae Inc
ELLI
– –
-14,000
Closed -$1.25M
1
2

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Marc Stad's Q1 2018 Portfolio in Review

As of Q1 2018, Marc Stad held 26 positions worth $706M, up 16% from $610M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Marc Stad deployed $22.6M of net new capital in Q1 2018, opening 6 new positions and adding to 3 existing holdings. Its largest new stake was Cannae Holdings: 2,525,000 shares worth $47.6M.

By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Etsy, an estimated $38.9M trimmed.

  • Marc Stad's largest Q1 2018 buy was Cannae Holdings: 2,525,000 shares worth $47.6M.
  • Marc Stad added most to Meta Platforms (Facebook) in Q1 2018, an estimated $40M increase.
  • Marc Stad's biggest Q1 2018 reduction was Etsy, cutting an estimated $38.9M.
  • Marc Stad fully exited MuleSoft, Inc. in Q1 2018, selling an estimated $48.2M.
  • Marc Stad's ten largest holdings make up 81% of its $706M portfolio in Q1 2018.
  • Marc Stad opened 6 new positions and closed 7 in Q1 2018.
  • Marc Stad's portfolio value rose 16% quarter-over-quarter to $706M.

Based on Dragoneer Investment Group's 13F filing for Q1 2018, filed 14 May 2018.