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 |
Coupang
CPNG
|
+$96.5M |
| 2 |
Global E Online
GLBE
|
+$43.3M |
| 3 |
Oscar Health
OSCR
|
+$31.6M |
| 4 |
Kanzhun
BZ
|
+$14.6M |
| 5 |
Birkenstock
BIRK
|
+$13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XYZ
Block Inc
XYZ
|
+$157M |
| 2 |
Pinduoduo
PDD
|
+$114M |
| 3 |
nCino
NCNO
|
+$100M |
| 4 |
CarGurus
CARG
|
+$78.5M |
| 5 |
DoorDash
DASH
|
+$67.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.66% |
| 2 | Consumer Discretionary | 34.48% |
| 3 | Communication Services | 13.83% |
| 4 | Healthcare | 2.54% |
| 5 | Financials | 2.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Global E Online
GLBE
$6.81B
| $493M | 10.7% |
12,437,103
+1,202,369
| +11% | +$43.3M |
|
|
XYZ
2
Block Inc
XYZ
$49.4B
| $479M | 10.41% |
6,198,016
-2,773,911
| -31% | -$157M |
|
3
Roblox
RBLX
$27.4B
| $423M | 9.19% |
9,257,159
| – | – |
|
|
GTM
4
ZoomInfo Technologies
GTM
$1.16B
| $409M | 8.88% |
22,120,065
| – | – |
|
|
5
DoorDash
DASH
$96.8B
| $363M | 7.88% |
3,668,470
-765,202
| -17% | -$67.8M |
|
|
6
Pinduoduo
PDD
$126B
| $307M | 6.66% |
2,097,452
-937,966
| -31% | -$114M |
|
7
Datadog
DDOG
$84.6B
| $298M | 6.48% |
2,458,850
-599,263
| -20% | -$61.7M |
|
|
JAMF
8
DELISTED
Jamf
JAMF
| $298M | 6.48% |
16,519,521
| – | – |
|
|
9
Coupang
CPNG
$29.6B
| $280M | 6.09% |
17,312,990
+5,845,573
| +51% | +$96.5M |
|
|
10
Kanzhun
BZ
$7.13B
| $210M | 4.56% |
12,645,672
+929,873
| +8% | +$14.6M |
|
|
11
nCino
NCNO
$2.26B
| $156M | 3.38% |
4,625,246
-3,374,638
| -42% | -$100M |
|
|
CCC
12
CCC Intelligent Solutions
CCC
$4.39B
| $138M | 2.99% |
12,095,793
-1,157,431
| -9% | -$13.5M |
|
|
13
Oscar Health
OSCR
$9.89B
| $116M | 2.53% |
12,725,999
+4,576,137
| +56% | +$31.6M |
|
14
Nu Holdings
NU
$70.4B
| $113M | 2.46% |
13,576,112
-4,287,193
| -24% | -$34.6M |
|
15
Grab
GRAB
$14.2B
| $105M | 2.28% |
31,173,009
| – | – |
|
16
Toast
TOST
$21.2B
| $82.9M | 1.8% |
4,540,985
| – | – |
|
17
Peloton Interactive
PTON
$2.37B
| $68.7M | 1.49% |
11,288,305
-3,055,883
| -21% | -$16.5M |
|
18
Snowflake
SNOW
$115B
| $57.1M | 1.24% |
286,854
| – | – |
|
|
ESMT
19
DELISTED
EngageSmart, Inc.
ESMT
| $50.2M | 1.09% |
2,191,705
| – | – |
|
|
20
CarGurus
CARG
$3.28B
| $44.4M | 0.96% |
1,837,399
-3,908,742
| -68% | -$78.5M |
|
21
Procore
PCOR
$9.65B
| $43.9M | 0.95% |
633,824
| – | – |
|
|
CWAN
22
DELISTED
Clearwater Analytics
CWAN
| $17.9M | 0.39% |
893,361
-1,620,722
| -64% | -$31.9M |
|
23
Maplebear
CART
$11.5B
| $17.6M | 0.38% |
751,285
-750,000
| -50% | -$18.9M |
|
|
24
Birkenstock
BIRK
$5.89B
| $14.6M | 0.32% |
+300,000
| New | +$13M |
|
25
Klaviyo
KVYO
$5.22B
| $13.9M | 0.3% |
500,000
| – | – |
|
Similar funds
Marc Stad's Q4 2023 Portfolio in Review
As of Q4 2023, Marc Stad held 30 positions worth $4.61B, up 6% from $4.34B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Marc Stad withdrew a net $557M in Q4 2023, closing 2 positions and reducing 11 holdings. Its most notable exit was Arm, an estimated $40.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 50% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Marc Stad opened a new position in Birkenstock worth $14.6M.
- Marc Stad's largest Q4 2023 buy was Birkenstock: 300,000 shares worth $14.6M.
- Marc Stad added most to Coupang in Q4 2023, an estimated $96.5M increase.
- Marc Stad's biggest Q4 2023 reduction was Block Inc, cutting an estimated $157M.
- Marc Stad fully exited Arm in Q4 2023, selling an estimated $40.1M.
- Marc Stad's ten largest holdings make up 77% of its $4.61B portfolio in Q4 2023.
- Marc Stad opened 1 new position and closed 2 in Q4 2023.
- Marc Stad's portfolio value rose 6% quarter-over-quarter to $4.61B.
Based on Dragoneer Investment Group's 13F filing for Q4 2023, filed 14 Feb 2024.