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 |
GTM
ZoomInfo Technologies
GTM
|
+$149M |
| 2 |
API
Agora
API
|
+$94.3M |
| 3 |
Floor & Decor
FND
|
+$71.6M |
| 4 |
CarGurus
CARG
|
+$47.8M |
| 5 |
ARCE
Arco Platform Limited Class A Common Shares
ARCE
|
+$9.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Twilio
TWLO
|
+$346M |
| 2 |
LVGO
Livongo Health, Inc. Common Stock
LVGO
|
+$116M |
| 3 |
Datadog
DDOG
|
+$91.3M |
| 4 |
Dynatrace
DT
|
+$65.8M |
| 5 |
Uber
UBER
|
+$44.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 72.93% |
| 2 | Consumer Discretionary | 12.78% |
| 3 | Communication Services | 11.45% |
| 4 | Industrials | 2.4% |
| 5 | Consumer Staples | 0.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Uber
UBER
$161B
| $621M | 20.57% |
19,976,432
-1,425,602
| -7% | -$44.4M |
|
|
2
Datadog
DDOG
$84.6B
| $428M | 14.17% |
4,920,611
-1,499,332
| -23% | -$91.3M |
|
|
3
Dynatrace
DT
$14.2B
| $266M | 8.82% |
6,560,719
-1,999,216
| -23% | -$65.8M |
|
|
4
Twilio
TWLO
$34.6B
| $256M | 8.48% |
1,166,029
-2,152,864
| -65% | -$346M |
|
|
XYZ
5
Block Inc
XYZ
$49.4B
| $187M | 6.18% |
1,777,689
+126,571
| +8% | +$9.69M |
|
|
LVGO
6
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $178M | 5.9% |
2,370,281
-2,209,631
| -48% | -$116M |
|
|
GTM
7
ZoomInfo Technologies
GTM
$1.16B
| $159M | 5.27% |
+3,116,769
| New | +$149M |
|
8
Alibaba
BABA
$286B
| $151M | 5% |
699,587
-168,338
| -19% | -$35.1M |
|
|
9
CarGurus
CARG
$3.28B
| $144M | 4.78% |
5,691,167
+2,050,262
| +56% | +$47.8M |
|
10
ServiceNow
NOW
$133B
| $123M | 4.09% |
1,522,925
-129,825
| -8% | -$9.17M |
|
11
Meta Platforms (Facebook)
META
$1.4T
| $98.4M | 3.26% |
433,478
-140,962
| -25% | -$29.4M |
|
|
12
Floor & Decor
FND
$5.78B
| $90.5M | 3% |
+1,570,362
| New | +$71.6M |
|
|
API
13
Agora
API
$369M
| $88.2M | 2.92% |
+1,997,733
| New | +$94.3M |
|
|
GSKY
14
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
| $72.5M | 2.4% |
14,787,696
| – | – |
|
|
DAY
15
DELISTED
Dayforce
DAY
| $71.3M | 2.36% |
899,808
-134,931
| -13% | -$8.66M |
|
|
WUBA
16
DELISTED
58.com Inc
WUBA
| $61.3M | 2.03% |
1,136,873
-234,689
| -17% | -$12.1M |
|
|
ARCE
17
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $9.12M | 0.3% |
+209,776
| New | +$9.94M |
|
18
Tencent Music
TME
$14.4B
| $6.49M | 0.21% |
481,764
-33,700
| -7% | -$399K |
|
|
STG
19
Sunlands Technology
STG
$40.8M
| $3.99M | 0.13% |
238,150
| – | – |
|
20
Pinterest
PINS
$13.3B
| $1.11M | 0.04% |
50,000
| – | – |
|
21
BILL Holdings
BILL
$4.76B
| $1.06M | 0.04% |
11,800
-10,000
| -46% | -$644K |
|
22
CrowdStrike
CRWD
$195B
| $1M | 0.03% |
+40,000
| New | +$802K |
|
23
XP
XP
$8.53B
| $418K | 0.01% |
9,948
-470,651
| -98% | -$14.4M |
|
24
Netflix
NFLX
$331B
| – | – |
-51,200
| Closed | -$1.92M |
|
25
Peloton Interactive
PTON
$2.37B
| – | – |
-1,253,366
| Closed | -$33.3M |
|
Similar funds
Marc Stad's Q2 2020 Portfolio in Review
As of Q2 2020, Marc Stad held 29 positions worth $3.02B, up 35% from $2.24B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Marc Stad withdrew a net $459M in Q2 2020, closing 6 positions and reducing 13 holdings. Its most notable exit was Peloton Interactive, an estimated $33.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 73% of assets, up from 71% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Marc Stad opened a new position in ZoomInfo Technologies worth $159M.
- Marc Stad's largest Q2 2020 buy was ZoomInfo Technologies: 3,116,769 shares worth $159M.
- Marc Stad added most to CarGurus in Q2 2020, an estimated $47.8M increase.
- Marc Stad's biggest Q2 2020 reduction was Twilio, cutting an estimated $346M.
- Marc Stad fully exited Peloton Interactive in Q2 2020, selling an estimated $33.3M.
- Marc Stad's ten largest holdings make up 83% of its $3.02B portfolio in Q2 2020.
- Marc Stad opened 5 new positions and closed 6 in Q2 2020.
- Marc Stad's portfolio value rose 35% quarter-over-quarter to $3.02B.
Based on Dragoneer Investment Group's 13F filing for Q2 2020, filed 14 Aug 2020.