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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
+12.51%
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
$1.14B
AUM Growth
+$435M
Cap. Flow
+$357M
Cap. Flow %
31.27%
Top 10 Hldgs %
81.58%
Holding
26
New
7
Increased
5
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$190M
2
DAY
Dayforce
DAY
+$153M
3
MELI icon
Mercado Libre
MELI
+$19.9M
4
JD icon
JD.com
JD
+$18.7M
5
SEND
SendGrid, Inc.
SEND
+$17.9M

Top Sells

Rank Stock Value
1
CNNE icon
Cannae Holdings
CNNE
+$47.6M
2
DBX icon
Dropbox
DBX
+$15.9M
3
BL icon
BlackLine
BL
+$11.1M
4
TWLO icon
Twilio
TWLO
+$10.8M
5
PAGS icon
PagSeguro Digital
PAGS
+$9.58M

Sector Composition

Rank Sector Weight
1 Technology 39.97%
2 Communication Services 35.93%
3 Consumer Discretionary 16.27%
4 Real Estate 4.19%
5 Consumer Staples 2.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPOT icon
1
Spotify
SPOT
$110B
$200M 17.55%
+1,190,200
New +$190M
TWLO icon
2
Twilio
TWLO
$34.6B
$148M 12.95%
2,636,767
-218,800
-8% -$10.8M
DAY
3
DELISTED
Dayforce
DAY
$145M 12.69%
+4,361,341
New +$153M
META icon
4
Meta Platforms (Facebook)
META
$1.4T
$111M 9.74%
571,863
+72,400
+14% +$13.1M
JD icon
5
JD.com
JD
$39.7B
$71M 6.22%
1,823,248
+484,601
+36% +$18.7M
NOW icon
6
ServiceNow
NOW
$133B
$68.2M 5.98%
1,976,385
-100,000
-5% -$3.47M
WUBA
7
DELISTED
58.com Inc
WUBA
$58.2M 5.1%
838,868
– –
RDFN
8
DELISTED
Redfin
RDFN
$47.8M 4.19%
2,071,145
– –
BABA icon
9
Alibaba
BABA
$286B
$41.2M 3.61%
222,145
– –
SEND
10
DELISTED
SendGrid, Inc.
SEND
$40.6M 3.55%
1,529,267
+660,200
+76% +$17.9M
MELI icon
11
Mercado Libre
MELI
$97.5B
$33.8M 2.96%
113,000
+63,000
+126% +$19.9M
NFLX icon
12
Netflix
NFLX
$331B
$31.2M 2.74%
797,600
-255,000
-24% -$8.69M
STG
13
Sunlands Technology
STG
$40.8M
$27.8M 2.44%
249,884
+57,644
+30% +$6.57M
APPF icon
14
AppFolio
APPF
$7.95B
$25.9M 2.27%
423,143
-142,200
-25% -$7.75M
MMYT icon
15
MakeMyTrip
MMYT
$5.69B
$23.1M 2.02%
637,868
– –
CWH icon
16
Camping World
CWH
$676M
$16.6M 1.45%
+663,781
New +$16.6M
SMAR
17
DELISTED
Smartsheet Inc.
SMAR
$15.7M 1.37%
+603,992
New +$14.4M
GSKY
18
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
$13.7M 1.2%
+650,000
New +$15.6M
TSG
19
DELISTED
The Stars Group Inc.
TSG
$8.17M 0.72%
+225,000
New +$7.5M
DBX icon
20
Dropbox
DBX
$7.5B
$7.85M 0.69%
242,100
-507,900
-68% -$15.9M
DOMO icon
21
Domo
DOMO
$179M
$5.42M 0.47%
+198,388
New +$5.42M
SNAP icon
22
Snap
SNAP
$8.86B
$982K 0.09%
75,000
– –
BL icon
23
BlackLine
BL
$1.85B
– –
-284,159
Closed -$11.1M
CNNE icon
24
Cannae Holdings
CNNE
$672M
– –
-2,525,000
Closed -$47.6M
ETSY icon
25
Etsy
ETSY
$7.44B
– –
-269,000
Closed -$7.55M
1
2

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Marc Stad's Q2 2018 Portfolio in Review

As of Q2 2018, Marc Stad held 26 positions worth $1.14B, up 62% from $706M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Marc Stad deployed $357M of net new capital in Q2 2018, opening 7 new positions and adding to 5 existing holdings. Its largest new stake was Spotify: 1,190,200 shares worth $200M.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 38% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Dropbox, an estimated $15.9M trimmed.

  • Marc Stad's largest Q2 2018 buy was Spotify: 1,190,200 shares worth $200M.
  • Marc Stad added most to Mercado Libre in Q2 2018, an estimated $19.9M increase.
  • Marc Stad's biggest Q2 2018 reduction was Dropbox, cutting an estimated $15.9M.
  • Marc Stad fully exited Cannae Holdings in Q2 2018, selling an estimated $47.6M.
  • Marc Stad's ten largest holdings make up 82% of its $1.14B portfolio in Q2 2018.
  • Marc Stad opened 7 new positions and closed 4 in Q2 2018.
  • Marc Stad's portfolio value rose 62% quarter-over-quarter to $1.14B.

Based on Dragoneer Investment Group's 13F filing for Q2 2018, filed 14 Aug 2018.