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 |
Datadog
DDOG
|
+$262M |
| 2 |
Dynatrace
DT
|
+$156M |
| 3 |
LVGO
Livongo Health, Inc. Common Stock
LVGO
|
+$146M |
| 4 |
NBIS
Nebius Group N.V.
NBIS
|
+$41.8M |
| 5 |
Peloton Interactive
PTON
|
+$30.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WORK
Slack Technologies, Inc.
WORK
|
+$37.5M |
| 2 |
Twilio
TWLO
|
+$28.8M |
| 3 |
Spotify
SPOT
|
+$28.2M |
| 4 |
CrowdStrike
CRWD
|
+$23.9M |
| 5 |
Netflix
NFLX
|
+$19.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 67.46% |
| 2 | Communication Services | 18.36% |
| 3 | Consumer Discretionary | 9.21% |
| 4 | Industrials | 4.59% |
| 5 | Consumer Staples | 0.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Uber
UBER
$161B
| $648M | 27.41% |
21,260,206
| – | – |
|
|
2
Twilio
TWLO
$34.6B
| $308M | 13.04% |
2,802,642
-222,416
| -7% | -$28.8M |
|
|
3
Datadog
DDOG
$84.6B
| $256M | 10.83% |
+7,544,323
| New | +$262M |
|
4
Alibaba
BABA
$286B
| $188M | 7.95% |
1,123,070
| – | – |
|
|
DAY
5
DELISTED
Dayforce
DAY
| $139M | 5.9% |
2,825,463
+156,586
| +6% | +$8.18M |
|
|
6
Dynatrace
DT
$14.2B
| $128M | 5.43% |
+6,869,735
| New | +$156M |
|
|
GSKY
7
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $105M | 4.45% |
15,347,750
+1,063,505
| +7% | +$9.48M |
|
8
ServiceNow
NOW
$133B
| $100M | 4.25% |
1,978,935
+405,750
| +26% | +$22.1M |
|
|
NBIS
9
Nebius Group N.V.
NBIS
$59.6B
| $90.8M | 3.84% |
2,593,984
+1,107,565
| +75% | +$41.8M |
|
|
LVGO
10
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $84.1M | 3.56% |
+4,820,102
| New | +$146M |
|
|
WUBA
11
DELISTED
58.com Inc
WUBA
| $71.1M | 3.01% |
1,442,452
-220,493
| -13% | -$12.2M |
|
12
Meta Platforms (Facebook)
META
$1.4T
| $68.5M | 2.9% |
384,565
-63,900
| -14% | -$12.1M |
|
|
13
Spotify
SPOT
$110B
| $48.8M | 2.07% |
428,410
-200,000
| -32% | -$28.2M |
|
14
Upwork
UPWK
$1.08B
| $40.2M | 1.7% |
3,021,031
| – | – |
|
|
15
Peloton Interactive
PTON
$2.37B
| $29.9M | 1.27% |
+1,192,000
| New | +$30.2M |
|
|
MDLA
16
DELISTED
Medallia, Inc.
MDLA
| $13.7M | 0.58% |
+500,000
| New | +$17.7M |
|
17
Tencent Music
TME
$14.4B
| $12.5M | 0.53% |
979,639
-231,047
| -19% | -$3.25M |
|
18
Elastic
ESTC
$8.93B
| $12.4M | 0.52% |
150,000
-50,000
| -25% | -$4.44M |
|
|
STG
19
Sunlands Technology
STG
$40.8M
| $8.78M | 0.37% |
238,150
| – | – |
|
|
FTCH
20
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $3.46M | 0.15% |
400,000
| – | – |
|
|
EB
21
DELISTED
Eventbrite
EB
| $2.75M | 0.12% |
155,000
| – | – |
|
22
StoneCo
STNE
$2.16B
| $1.74M | 0.07% |
50,000
| – | – |
|
|
23
Netflix
NFLX
$331B
| $1.37M | 0.06% |
51,200
-624,850
| -92% | -$19.6M |
|
|
24
CrowdStrike
CRWD
$195B
| – | – |
-1,400,000
| Closed | -$23.9M |
|
25
Futu Holdings
FUTU
$17.3B
| – | – |
-7,700
| Closed | -$81K |
|
Similar funds
Marc Stad's Q3 2019 Portfolio in Review
As of Q3 2019, Marc Stad held 26 positions worth $2.36B, down 5.9% from $2.51B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Marc Stad deployed $523M of net new capital in Q3 2019, opening 5 new positions and adding to 4 existing holdings. Its largest new stake was Datadog: 7,544,323 shares worth $256M.
By sector, the portfolio is most concentrated in Technology at 67% of assets, down from 68% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Twilio, an estimated $28.8M trimmed.
- Marc Stad's largest Q3 2019 buy was Datadog: 7,544,323 shares worth $256M.
- Marc Stad added most to Nebius Group N.V. in Q3 2019, an estimated $41.8M increase.
- Marc Stad's biggest Q3 2019 reduction was Twilio, cutting an estimated $28.8M.
- Marc Stad fully exited Slack Technologies, Inc. in Q3 2019, selling an estimated $37.5M.
- Marc Stad's ten largest holdings make up 87% of its $2.36B portfolio in Q3 2019.
- Marc Stad opened 5 new positions and closed 3 in Q3 2019.
- Marc Stad's portfolio value fell 5.9% quarter-over-quarter to $2.36B.
Based on Dragoneer Investment Group's 13F filing for Q3 2019, filed 14 Nov 2019.