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 |
DoorDash
DASH
|
+$697M |
| 2 |
Airbnb
ABNB
|
+$476M |
| 3 |
Root
ROOT
|
+$170M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$120M |
| 5 |
MSP
Datto Holding Corp.
MSP
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$176M |
| 2 |
ServiceNow
NOW
|
+$69M |
| 3 |
GSKY
GreenSky, Inc. Class A Common Stock
GSKY
|
+$63.2M |
| 4 |
DAY
Dayforce
DAY
|
+$59.8M |
| 5 |
Tencent Music
TME
|
+$5.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 64.43% |
| 2 | Consumer Discretionary | 26.66% |
| 3 | Communication Services | 3.25% |
| 4 | Financials | 2.2% |
| 5 | Real Estate | 1.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Snowflake
SNOW
$115B
| $1.09B | 16.34% |
3,878,970
-5,000
| -0.1% | -$1.42M |
|
|
2
Uber
UBER
$161B
| $716M | 10.71% |
14,030,005
-3,916,305
| -22% | -$176M |
|
|
3
DoorDash
DASH
$96.8B
| $623M | 9.33% |
+4,365,720
| New | +$697M |
|
|
4
Airbnb
ABNB
$110B
| $473M | 7.08% |
+3,223,630
| New | +$476M |
|
5
Datadog
DDOG
$84.6B
| $436M | 6.53% |
4,432,248
-37,639
| -0.8% | -$3.76M |
|
|
XYZ
6
Block Inc
XYZ
$49.4B
| $387M | 5.79% |
1,777,689
| – | – |
|
7
Dynatrace
DT
$14.2B
| $372M | 5.56% |
8,588,555
+1,325,000
| +18% | +$52.6M |
|
8
CarGurus
CARG
$3.28B
| $272M | 4.07% |
8,567,746
+2,256,625
| +36% | +$55.8M |
|
9
Twilio
TWLO
$34.6B
| $255M | 3.81% |
752,883
| – | – |
|
|
DCT
10
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $192M | 2.88% |
4,440,120
| – | – |
|
11
Alibaba
BABA
$286B
| $187M | 2.79% |
802,216
+195,500
| +32% | +$54.3M |
|
|
JAMF
12
DELISTED
Jamf
JAMF
| $163M | 2.44% |
5,442,957
+2,635,579
| +94% | +$86.9M |
|
|
GTM
13
ZoomInfo Technologies
GTM
$1.16B
| $162M | 2.43% |
3,366,769
| – | – |
|
14
Unity
U
$20.7B
| $153M | 2.3% |
1,000,000
| – | – |
|
15
Floor & Decor
FND
$5.78B
| $146M | 2.18% |
1,570,362
| – | – |
|
|
16
Root
ROOT
$864M
| $145M | 2.18% |
+514,403
| New | +$170M |
|
|
SMAR
17
DELISTED
Smartsheet Inc.
SMAR
| $142M | 2.12% |
+2,046,983
| New | +$120M |
|
18
FuboTV Inc
FUBO
$309M
| $120M | 1.8% |
+357,947
| New | +$98M |
|
|
MSP
19
DELISTED
Datto Holding Corp.
MSP
| $100M | 1.5% |
+3,706,333
| New | +$105M |
|
20
Meta Platforms (Facebook)
META
$1.4T
| $92.7M | 1.39% |
339,374
| – | – |
|
|
API
21
Agora
API
$369M
| $79M | 1.18% |
1,997,733
| – | – |
|
22
KE Holdings
BEKE
$19.6B
| $76.9M | 1.15% |
1,250,000
| – | – |
|
23
GoodRx Holdings
GDRX
$1.18B
| $52.4M | 0.78% |
1,300,000
| – | – |
|
24
XPeng
XPEV
$11.7B
| $51.4M | 0.77% |
1,200,000
| – | – |
|
|
HAACU
25
DELISTED
Health Assurance Acquisition Corp. SAIL Securities
HAACU
| $44.1M | 0.66% |
+4,000,000
| New | +$43.4M |
|
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Marc Stad's Q4 2020 Portfolio in Review
As of Q4 2020, Marc Stad held 42 positions worth $6.68B, up 50% from $4.45B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Marc Stad deployed $1.64B of net new capital in Q4 2020, opening 9 new positions and adding to 5 existing holdings. Its largest new stake was DoorDash: 4,365,720 shares worth $623M.
By sector, the portfolio is most concentrated in Technology at 64% of assets, down from 82% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Uber, an estimated $176M trimmed.
- Marc Stad's largest Q4 2020 buy was DoorDash: 4,365,720 shares worth $623M.
- Marc Stad added most to Jamf in Q4 2020, an estimated $86.9M increase.
- Marc Stad's biggest Q4 2020 reduction was Uber, cutting an estimated $176M.
- Marc Stad fully exited ServiceNow in Q4 2020, selling an estimated $69M.
- Marc Stad's ten largest holdings make up 72% of its $6.68B portfolio in Q4 2020.
- Marc Stad opened 9 new positions and closed 2 in Q4 2020.
- Marc Stad's portfolio value rose 50% quarter-over-quarter to $6.68B.
Based on Dragoneer Investment Group's 13F filing for Q4 2020, filed 16 Feb 2021.