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 |
XP
XP
|
+$45.4M |
| 2 |
Dynatrace
DT
|
+$19.9M |
| 3 |
Twilio
TWLO
|
+$19.2M |
| 4 |
BILL Holdings
BILL
|
+$17.2M |
| 5 |
Zoom
ZM
|
+$6.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBIS
Nebius Group N.V.
NBIS
|
+$90.8M |
| 2 |
Spotify
SPOT
|
+$48.8M |
| 3 |
DAY
Dayforce
DAY
|
+$38.1M |
| 4 |
Datadog
DDOG
|
+$23.1M |
| 5 |
Meta Platforms (Facebook)
META
|
+$18.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 69.19% |
| 2 | Communication Services | 12.6% |
| 3 | Consumer Discretionary | 10.12% |
| 4 | Industrials | 5.84% |
| 5 | Financials | 1.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Uber
UBER
$161B
| $635M | 26.36% |
21,359,622
+99,416
| +0.5% | +$2.95M |
|
|
2
Twilio
TWLO
$34.6B
| $294M | 12.19% |
2,990,166
+187,524
| +7% | +$19.2M |
|
|
3
Datadog
DDOG
$84.6B
| $261M | 10.82% |
6,901,048
-643,275
| -9% | -$23.1M |
|
4
Alibaba
BABA
$286B
| $228M | 9.47% |
1,076,070
-47,000
| -4% | -$8.82M |
|
|
5
Dynatrace
DT
$14.2B
| $197M | 8.16% |
7,775,051
+905,316
| +13% | +$19.9M |
|
|
DAY
6
DELISTED
Dayforce
DAY
| $145M | 6.02% |
2,136,482
-688,981
| -24% | -$38.1M |
|
|
GSKY
7
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $137M | 5.67% |
15,347,750
| – | – |
|
|
LVGO
8
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $115M | 4.76% |
4,579,912
-240,190
| -5% | -$5.74M |
|
9
ServiceNow
NOW
$133B
| $112M | 4.64% |
1,978,935
| – | – |
|
|
WUBA
10
DELISTED
58.com Inc
WUBA
| $88.8M | 3.68% |
1,371,562
-70,890
| -5% | -$3.99M |
|
|
11
Meta Platforms (Facebook)
META
$1.4T
| $59.6M | 2.47% |
290,565
-94,000
| -24% | -$18.2M |
|
|
12
XP
XP
$8.53B
| $46.6M | 1.93% |
+1,209,758
| New | +$45.4M |
|
|
13
BILL Holdings
BILL
$4.76B
| $17.2M | 0.71% |
+451,923
| New | +$17.2M |
|
14
Upwork
UPWK
$1.08B
| $17.1M | 0.71% |
1,603,038
-1,417,993
| -47% | -$17.9M |
|
15
Peloton Interactive
PTON
$2.37B
| $15.8M | 0.65% |
554,974
-637,026
| -53% | -$17.2M |
|
|
MDLA
16
DELISTED
Medallia, Inc.
MDLA
| $15.6M | 0.65% |
500,000
| – | – |
|
|
STG
17
Sunlands Technology
STG
$40.8M
| $7.65M | 0.32% |
238,150
| – | – |
|
|
18
Zoom
ZM
$31.5B
| $6.8M | 0.28% |
+100,000
| New | +$6.88M |
|
19
Tencent Music
TME
$14.4B
| $6.05M | 0.25% |
515,464
-464,175
| -47% | -$5.96M |
|
|
FTCH
20
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $4.14M | 0.17% |
400,000
| – | – |
|
21
Netflix
NFLX
$331B
| $1.66M | 0.07% |
51,200
| – | – |
|
|
EB
22
DELISTED
Eventbrite
EB
| – | – |
-155,000
| Closed | -$2.75M |
|
23
Elastic
ESTC
$8.93B
| – | – |
-150,000
| Closed | -$12.4M |
|
|
24
Spotify
SPOT
$110B
| – | – |
-428,410
| Closed | -$48.8M |
|
25
StoneCo
STNE
$2.16B
| – | – |
-50,000
| Closed | -$1.74M |
|
Similar funds
Marc Stad's Q4 2019 Portfolio in Review
As of Q4 2019, Marc Stad held 26 positions worth $2.41B, up 2% from $2.36B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Marc Stad withdrew a net $184M in Q4 2019, closing 5 positions and reducing 9 holdings. Its most notable exit was Nebius Group N.V., an estimated $90.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 69% of assets, up from 67% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Marc Stad opened a new position in XP worth $46.6M.
- Marc Stad's largest Q4 2019 buy was XP: 1,209,758 shares worth $46.6M.
- Marc Stad added most to Dynatrace in Q4 2019, an estimated $19.9M increase.
- Marc Stad's biggest Q4 2019 reduction was Dayforce, cutting an estimated $38.1M.
- Marc Stad fully exited Nebius Group N.V. in Q4 2019, selling an estimated $90.8M.
- Marc Stad's ten largest holdings make up 92% of its $2.41B portfolio in Q4 2019.
- Marc Stad opened 3 new positions and closed 5 in Q4 2019.
- Marc Stad's portfolio value rose 2% quarter-over-quarter to $2.41B.
Based on Dragoneer Investment Group's 13F filing for Q4 2019, filed 14 Feb 2020.