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 |
Tencent Music
TME
|
+$99.7M |
| 2 |
GSKY
GreenSky, Inc. Class A Common Stock
GSKY
|
+$85.1M |
| 3 |
Alibaba
BABA
|
+$61.2M |
| 4 |
Shopify
SHOP
|
+$41.1M |
| 5 |
Twilio
TWLO
|
+$36.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDFN
Redfin
RDFN
|
+$47.4M |
| 2 |
Spotify
SPOT
|
+$35.3M |
| 3 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$21.7M |
| 4 |
Meta Platforms (Facebook)
META
|
+$14M |
| 5 |
Tenable Holdings
TENB
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.86% |
| 2 | Communication Services | 31.12% |
| 3 | Consumer Discretionary | 13.79% |
| 4 | Industrials | 7.15% |
| 5 | Consumer Staples | 0.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Twilio
TWLO
$34.6B
| $230M | 17.94% |
2,577,583
+446,786
| +21% | +$36.3M |
|
|
2
Alibaba
BABA
$286B
| $147M | 11.43% |
1,070,320
+413,675
| +63% | +$61.2M |
|
|
DAY
3
DELISTED
Dayforce
DAY
| $135M | 10.48% |
3,900,000
| – | – |
|
|
4
Spotify
SPOT
$110B
| $106M | 8.29% |
937,410
-252,790
| -21% | -$35.3M |
|
|
5
Tencent Music
TME
$14.4B
| $103M | 8.05% |
+7,811,770
| New | +$99.7M |
|
|
SEND
6
DELISTED
SendGrid, Inc.
SEND
| $91.1M | 7.1% |
2,111,127
+655,860
| +45% | +$25.2M |
|
|
GSKY
7
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $74.1M | 5.77% |
7,740,381
+7,293,331
| +1,631% | +$85.1M |
|
|
WUBA
8
DELISTED
58.com Inc
WUBA
| $72.3M | 5.64% |
1,334,194
+318,326
| +31% | +$19.4M |
|
9
ServiceNow
NOW
$133B
| $70.4M | 5.48% |
1,976,385
| – | – |
|
|
10
Meta Platforms (Facebook)
META
$1.4T
| $63.1M | 4.92% |
481,266
-96,370
| -17% | -$14M |
|
|
11
Shopify
SHOP
$192B
| $40.4M | 3.15% |
+2,919,100
| New | +$41.1M |
|
12
Upwork
UPWK
$1.08B
| $27.4M | 2.13% |
+1,512,623
| New | +$28.1M |
|
13
Mercado Libre
MELI
$97.5B
| $26.2M | 2.04% |
89,500
| – | – |
|
14
Netflix
NFLX
$331B
| $21.9M | 1.71% |
818,050
+20,450
| +3% | +$612K |
|
15
Elastic
ESTC
$8.93B
| $21.4M | 1.67% |
+300,000
| New | +$20.3M |
|
|
FTCH
16
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $17.7M | 1.38% |
1,000,000
-1,000,000
| -50% | -$21.7M |
|
|
STG
17
Sunlands Technology
STG
$40.8M
| $9.64M | 0.75% |
253,644
| – | – |
|
18
StoneCo
STNE
$2.16B
| $9.22M | 0.72% |
+500,000
| New | +$11.6M |
|
|
EB
19
DELISTED
Eventbrite
EB
| $4.31M | 0.34% |
155,000
-45,000
| -23% | -$1.33M |
|
|
RDFN
20
DELISTED
Redfin
RDFN
| $4.17M | 0.33% |
289,855
-2,986,290
| -91% | -$47.4M |
|
21
JD.com
JD
$39.7B
| $4.07M | 0.32% |
194,651
-66,962
| -26% | -$1.5M |
|
|
SMAR
22
DELISTED
Smartsheet Inc.
SMAR
| $1.71M | 0.13% |
68,892
-285,100
| -81% | -$7.09M |
|
|
PLAN
23
DELISTED
Anaplan, Inc.
PLAN
| $1.33M | 0.1% |
+50,000
| New | +$1.24M |
|
24
Domo
DOMO
$179M
| $950K | 0.07% |
48,388
| – | – |
|
25
Trade Desk
TTD
$6.19B
| $655K | 0.05% |
+56,430
| New | +$706K |
|
Similar funds
Marc Stad's Q4 2018 Portfolio in Review
As of Q4 2018, Marc Stad held 28 positions worth $1.28B, up 4.7% from $1.23B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Marc Stad deployed $278M of net new capital in Q4 2018, opening 7 new positions and adding to 6 existing holdings. Its largest new stake was Tencent Music: 7,811,770 shares worth $103M.
By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 42% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Redfin, an estimated $47.4M trimmed.
- Marc Stad's largest Q4 2018 buy was Tencent Music: 7,811,770 shares worth $103M.
- Marc Stad added most to GreenSky, Inc. Class A Common Stock in Q4 2018, an estimated $85.1M increase.
- Marc Stad's biggest Q4 2018 reduction was Redfin, cutting an estimated $47.4M.
- Marc Stad fully exited Tenable Holdings in Q4 2018, selling an estimated $11.7M.
- Marc Stad's ten largest holdings make up 85% of its $1.28B portfolio in Q4 2018.
- Marc Stad opened 7 new positions and closed 3 in Q4 2018.
- Marc Stad's portfolio value rose 4.7% quarter-over-quarter to $1.28B.
Based on Dragoneer Investment Group's 13F filing for Q4 2018, filed 14 Feb 2019.