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 |
Flutter Entertainment
FLUT
|
+$359M |
| 2 |
Dynatrace
DT
|
+$238M |
| 3 |
Kanzhun
BZ
|
+$83.2M |
| 4 |
Toast
TOST
|
+$62.6M |
| 5 |
Global E Online
GLBE
|
+$37.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Datadog
DDOG
|
+$275M |
| 2 |
DoorDash
DASH
|
+$244M |
| 3 |
XYZ
Block Inc
XYZ
|
+$203M |
| 4 |
Pinduoduo
PDD
|
+$133M |
| 5 |
nCino
NCNO
|
+$89.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.45% |
| 2 | Consumer Discretionary | 36.25% |
| 3 | Communication Services | 15.6% |
| 4 | Healthcare | 4.39% |
| 5 | Financials | 3.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Global E Online
GLBE
$6.81B
| $489M | 11.32% |
13,445,195
+1,008,092
| +8% | +$37.4M |
|
|
GTM
2
ZoomInfo Technologies
GTM
$1.16B
| $355M | 8.21% |
22,120,065
| – | – |
|
3
Roblox
RBLX
$27.4B
| $353M | 8.18% |
9,257,159
| – | – |
|
4
Coupang
CPNG
$29.6B
| $342M | 7.92% |
19,225,775
+1,912,785
| +11% | +$31.3M |
|
|
5
Flutter Entertainment
FLUT
$17.8B
| $336M | 7.77% |
+1,683,408
| New | +$359M |
|
|
6
Kanzhun
BZ
$7.13B
| $314M | 7.28% |
17,925,513
+5,279,841
| +42% | +$83.2M |
|
|
JAMF
7
DELISTED
Jamf
JAMF
| $303M | 7.02% |
16,519,521
| – | – |
|
|
XYZ
8
Block Inc
XYZ
$49.4B
| $287M | 6.64% |
3,389,097
-2,808,919
| -45% | -$203M |
|
|
9
DoorDash
DASH
$96.8B
| $220M | 5.11% |
1,600,970
-2,067,500
| -56% | -$244M |
|
|
10
Dynatrace
DT
$14.2B
| $213M | 4.92% |
+4,577,552
| New | +$238M |
|
11
Oscar Health
OSCR
$9.89B
| $189M | 4.38% |
12,725,999
| – | – |
|
|
12
Toast
TOST
$21.2B
| $189M | 4.37% |
7,565,152
+3,024,167
| +67% | +$62.6M |
|
13
Nu Holdings
NU
$70.4B
| $158M | 3.65% |
13,211,464
-364,648
| -3% | -$3.72M |
|
|
CCC
14
CCC Intelligent Solutions
CCC
$4.39B
| $145M | 3.35% |
12,095,793
| – | – |
|
|
15
Pinduoduo
PDD
$126B
| $126M | 2.91% |
1,080,492
-1,016,960
| -48% | -$133M |
|
|
16
nCino
NCNO
$2.26B
| $66.2M | 1.53% |
1,771,454
-2,853,792
| -62% | -$89.9M |
|
17
Procore
PCOR
$9.65B
| $52.1M | 1.21% |
633,824
| – | – |
|
18
Peloton Interactive
PTON
$2.37B
| $48.4M | 1.12% |
11,288,305
| – | – |
|
|
19
Datadog
DDOG
$84.6B
| $33.6M | 0.78% |
271,800
-2,187,050
| -89% | -$275M |
|
20
Grab
GRAB
$14.2B
| $26.7M | 0.62% |
8,509,619
-22,663,390
| -73% | -$72.7M |
|
21
Astera Labs
ALAB
$49.4B
| $22.3M | 0.52% |
+300,000
| New | +$22.2M |
|
22
BBB Foods
TBBB
$6.11B
| $19M | 0.44% |
+800,000
| New | +$17.2M |
|
23
Klaviyo
KVYO
$5.22B
| $12.7M | 0.3% |
500,000
| – | – |
|
24
Root
ROOT
$864M
| $9.43M | 0.22% |
154,320
| – | – |
|
25
Amer Sports
AS
$19B
| $4.89M | 0.11% |
+300,000
| New | +$4.67M |
|
Similar funds
Marc Stad's Q1 2024 Portfolio in Review
As of Q1 2024, Marc Stad held 34 positions worth $4.32B, down 6.2% from $4.61B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Marc Stad withdrew a net $364M in Q1 2024, closing 5 positions and reducing 8 holdings. Its most notable exit was EngageSmart, Inc., an estimated $50.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Marc Stad opened a new position in Flutter Entertainment worth $336M.
- Marc Stad's largest Q1 2024 buy was Flutter Entertainment: 1,683,408 shares worth $336M.
- Marc Stad added most to Kanzhun in Q1 2024, an estimated $83.2M increase.
- Marc Stad's biggest Q1 2024 reduction was Datadog, cutting an estimated $275M.
- Marc Stad fully exited EngageSmart, Inc. in Q1 2024, selling an estimated $50.2M.
- Marc Stad's ten largest holdings make up 74% of its $4.32B portfolio in Q1 2024.
- Marc Stad opened 6 new positions and closed 5 in Q1 2024.
- Marc Stad's portfolio value fell 6.2% quarter-over-quarter to $4.32B.
Based on Dragoneer Investment Group's 13F filing for Q1 2024, filed 15 May 2024.