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Marc Stad Dragoneer Investment Group
AUM
$2.83B
Turnover
68.18%
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
+5.08%
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
$2.51B
AUM Growth
+$857M
(+52%)
Cap. Flow
+$795M
Cap. Flow % of AUM
Cap. Flow %
31.67%
Top 10 Holdings %
Top 10 Hldgs %
92.54%
Holding
29
New
4
Increased
4
Reduced
12
Closed
8
Avg Time Held
1.3
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$902M |
| 2 |
GSKY
GreenSky, Inc. Class A Common Stock
GSKY
|
+$68.9M |
| 3 |
Nebius Group N.V.
NBIS
|
+$55.2M |
| 4 |
WORK
Slack Technologies, Inc.
WORK
|
+$36.8M |
| 5 |
Upwork
UPWK
|
+$24.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tencent Music
TME
|
+$105M |
| 2 |
Mercado Libre
MELI
|
+$45.4M |
| 3 |
Spotify
SPOT
|
+$42.5M |
| 4 |
Lyft
LYFT
|
+$39.1M |
| 5 |
Twilio
TWLO
|
+$30.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 67.59% |
| 2 | Communication Services | 17.22% |
| 3 | Consumer Discretionary | 7.58% |
| 4 | Industrials | 7.32% |
| 5 | Consumer Staples | 0.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Uber
UBER
$142B
| $986M | 39.28% |
+21,260,206
| New | +$902M |
2019 Q2
0 quarters
|
|
|
2
Twilio
TWLO
$32.7B
| $412M | 16.43% |
3,025,058
-230,420
| -7% | -$30.7M |
2017 Q3
7 quarters
|
|
3
Alibaba
BABA
$235B
| $190M | 7.58% |
1,123,070
+52,750
| +5% | +$9.1M |
2014 Q4
18 quarters
|
|
|
GSKY
4
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $176M | 6.99% |
14,284,245
+5,266,904
| +58% | +$68.9M |
2018 Q2
4 quarters
|
|
5
DELISTED
Dayforce
DAY
| $134M | 5.34% |
2,668,877
-103,955
| -4% | -$5.26M |
2018 Q2
4 quarters
|
|
|
WUBA
6
DELISTED
58.com Inc
WUBA
| $103M | 4.12% |
1,662,945
+328,751
| +25% | +$21.2M |
2014 Q4
18 quarters
|
|
|
7
Spotify
SPOT
$126B
| $91.9M | 3.66% |
628,410
-309,000
| -33% | -$42.5M |
2018 Q2
4 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.64T
| $86.6M | 3.45% |
448,465
-32,801
| -7% | -$5.99M |
2016 Q2
12 quarters
|
|
9
ServiceNow
NOW
$106B
| $86.4M | 3.44% |
1,573,185
-315,700
| -17% | -$16.6M |
2016 Q1
13 quarters
|
|
|
10
Nebius Group N.V.
NBIS
$31.5B
| $56.5M | 2.25% |
+1,486,419
| New | +$55.2M |
2019 Q2
0 quarters
|
|
|
11
Upwork
UPWK
$1.25B
| $48.6M | 1.94% |
3,021,031
+1,421,031
| +89% | +$24.5M |
2018 Q4
2 quarters
|
|
|
WORK
12
DELISTED
Slack Technologies, Inc.
WORK
| $37.5M | 1.49% |
+1,000,000
| New | +$36.8M |
2019 Q2
0 quarters
|
|
13
Netflix
NFLX
$255B
| $24.8M | 0.99% |
676,050
-142,000
| -17% | -$5.12M |
2016 Q2
12 quarters
|
|
14
CrowdStrike
CRWD
$232B
| $23.9M | 0.95% |
+1,400,000
| New | +$23.8M |
2019 Q2
0 quarters
|
|
|
15
Tencent Music
TME
$14.7B
| $18.1M | 0.72% |
1,210,686
-6,642,084
| -85% | -$105M |
2018 Q4
2 quarters
|
|
16
Elastic
ESTC
$9.25B
| $14.9M | 0.59% |
200,000
-100,000
| -33% | -$8.16M |
2018 Q4
2 quarters
|
|
|
FTCH
17
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $8.32M | 0.33% |
400,000
-318,924
| -44% | -$7.38M |
2018 Q3
3 quarters
|
|
18
Sunlands Technology
STG
$25.3M
| $7.12M | 0.28% |
238,150
-15,494
| -6% | -$554K |
2018 Q1
5 quarters
|
|
19
DELISTED
Eventbrite
EB
| $2.51M | 0.1% |
155,000
| – | – |
2018 Q3
3 quarters
|
|
20
StoneCo
STNE
$1.83B
| $1.48M | 0.06% |
50,000
-300,000
| -86% | -$8.83M |
2018 Q4
2 quarters
|
|
21
Futu Holdings
FUTU
$13.4B
| $81K | ﹤0.01% |
7,700
-392,300
| -98% | -$5.05M |
2019 Q1
1 quarter
|
|
22
Huckleberry.ai, Inc. Class B Common Stock
HUCK
$159M
| – | – |
-48,388
| Closed | -$1.95M | – |
|
23
JD.com
JD
$37.7B
| – | – |
-194,651
| Closed | -$5.87M | – |
|
|
24
Lyft
LYFT
$6.42B
| – | – |
-500,000
| Closed | -$39.1M | – |
|
|
25
Mercado Libre
MELI
$75.6B
| – | – |
-89,500
| Closed | -$45.4M | – |
|
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Marc Stad's Q2 2019 Portfolio in Review
As of Q2 2019, Marc Stad held 29 positions worth $2.51B, up 52% from $1.65B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Marc Stad deployed $795M of net new capital in Q2 2019, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Uber: 21,260,206 shares worth $986M.
By sector, the portfolio is most concentrated in Technology at 68% of assets, up from 45% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Tencent Music, an estimated $105M trimmed.
- Marc Stad's largest Q2 2019 buy was Uber: 21,260,206 shares worth $986M.
- Marc Stad added most to GreenSky, Inc. Class A Common Stock in Q2 2019, an estimated $68.9M increase.
- Marc Stad's biggest Q2 2019 reduction was Tencent Music, cutting an estimated $105M.
- Marc Stad fully exited Mercado Libre in Q2 2019, selling an estimated $45.4M.
- Marc Stad's ten largest holdings make up 93% of its $2.51B portfolio in Q2 2019.
- Marc Stad opened 4 new positions and closed 8 in Q2 2019.
- Marc Stad's portfolio value rose 52% quarter-over-quarter to $2.51B.
Based on Dragoneer Investment Group's 13F filing for Q2 2019, filed 14 Aug 2019.