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 |
XYZ
Block Inc
XYZ
|
+$265M |
| 2 |
Roblox
RBLX
|
+$221M |
| 3 |
Coupang
CPNG
|
+$206M |
| 4 |
Kanzhun
BZ
|
+$184M |
| 5 |
Grab
GRAB
|
+$60M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$323M |
| 2 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$205M |
| 3 |
Snowflake
SNOW
|
+$199M |
| 4 |
Nu Holdings
NU
|
+$76.9M |
| 5 |
CarGurus
CARG
|
+$69.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.35% |
| 2 | Consumer Discretionary | 34.74% |
| 3 | Communication Services | 10.35% |
| 4 | Financials | 3.01% |
| 5 | Healthcare | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Global E Online
GLBE
$6.81B
| $446M | 10.28% |
11,234,734
-1,478,599
| -12% | -$59.5M |
|
|
XYZ
2
Block Inc
XYZ
$49.4B
| $397M | 9.14% |
8,971,927
+4,286,536
| +91% | +$265M |
|
|
GTM
3
ZoomInfo Technologies
GTM
$1.16B
| $363M | 8.35% |
22,120,065
| – | – |
|
4
DoorDash
DASH
$96.8B
| $352M | 8.11% |
4,433,672
-311,800
| -7% | -$25.4M |
|
5
Pinduoduo
PDD
$126B
| $298M | 6.85% |
3,035,418
+437,684
| +17% | +$37.7M |
|
|
JAMF
6
DELISTED
Jamf
JAMF
| $292M | 6.71% |
16,519,521
| – | – |
|
7
Datadog
DDOG
$84.6B
| $279M | 6.41% |
3,058,113
-536,792
| -15% | -$53.1M |
|
|
8
Roblox
RBLX
$27.4B
| $268M | 6.17% |
9,257,159
+6,665,583
| +257% | +$221M |
|
9
nCino
NCNO
$2.26B
| $254M | 5.86% |
7,999,884
-153,014
| -2% | -$4.72M |
|
|
10
Coupang
CPNG
$29.6B
| $195M | 4.49% |
+11,467,417
| New | +$206M |
|
|
11
Kanzhun
BZ
$7.13B
| $178M | 4.09% |
+11,715,799
| New | +$184M |
|
|
CCC
12
CCC Intelligent Solutions
CCC
$4.39B
| $177M | 4.07% |
13,253,224
-918,113
| -6% | -$10.1M |
|
|
13
Nu Holdings
NU
$70.4B
| $130M | 2.98% |
17,863,305
-10,279,601
| -37% | -$76.9M |
|
|
14
Grab
GRAB
$14.2B
| $110M | 2.54% |
31,173,009
+16,818,097
| +117% | +$60M |
|
|
15
CarGurus
CARG
$3.28B
| $101M | 2.32% |
5,746,141
-3,537,605
| -38% | -$69.9M |
|
16
Toast
TOST
$21.2B
| $85.1M | 1.96% |
4,540,985
| – | – |
|
17
Peloton Interactive
PTON
$2.37B
| $72.4M | 1.67% |
14,344,188
| – | – |
|
|
CWAN
18
DELISTED
Clearwater Analytics
CWAN
| $48.6M | 1.12% |
2,514,083
| – | – |
|
19
Oscar Health
OSCR
$9.89B
| $45.4M | 1.04% |
8,149,862
| – | – |
|
20
Maplebear
CART
$11.5B
| $44.6M | 1.03% |
+1,501,285
| New | +$45.5M |
|
|
21
Snowflake
SNOW
$115B
| $43.8M | 1.01% |
286,854
-1,224,508
| -81% | -$199M |
|
22
Procore
PCOR
$9.65B
| $41.4M | 0.95% |
633,824
-248,605
| -28% | -$16.6M |
|
23
Arm
ARM
$260B
| $40.1M | 0.92% |
+750,000
| New | +$41.5M |
|
|
ESMT
24
DELISTED
EngageSmart, Inc.
ESMT
| $39.4M | 0.91% |
+2,191,705
| New | +$39.1M |
|
|
ARCE
25
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $21.6M | 0.5% |
1,565,395
| – | – |
|
Similar funds
Marc Stad's Q3 2023 Portfolio in Review
As of Q3 2023, Marc Stad held 32 positions worth $4.34B, down 10% from $4.84B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Marc Stad's Q3 2023 filing shows 6 new, 4 increased, 9 reduced and 3 closed positions. Its largest new stake was Coupang: 11,467,417 shares worth $195M. The largest sale was Uber, an estimated $323M.
By sector, the portfolio is most concentrated in Technology at 50% of assets, down from 58% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Marc Stad's largest Q3 2023 buy was Coupang: 11,467,417 shares worth $195M.
- Marc Stad added most to Block Inc in Q3 2023, an estimated $265M increase.
- Marc Stad's biggest Q3 2023 reduction was Snowflake, cutting an estimated $199M.
- Marc Stad fully exited Uber in Q3 2023, selling an estimated $323M.
- Marc Stad's ten largest holdings make up 72% of its $4.34B portfolio in Q3 2023.
- Marc Stad opened 6 new positions and closed 3 in Q3 2023.
- Marc Stad's portfolio value fell 10% quarter-over-quarter to $4.34B.
Based on Dragoneer Investment Group's 13F filing for Q3 2023, filed 14 Nov 2023.