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 |
Atlassian
TEAM
|
+$475M |
| 2 |
DAY
Dayforce
DAY
|
+$223M |
| 3 |
Pinduoduo
PDD
|
+$209M |
| 4 |
Duolingo
DUOL
|
+$201M |
| 5 |
DoorDash
DASH
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dynatrace
DT
|
+$195M |
| 2 |
Toast
TOST
|
+$98.9M |
| 3 |
nCino
NCNO
|
+$66.2M |
| 4 |
Kanzhun
BZ
|
+$61.1M |
| 5 |
Coupang
CPNG
|
+$51.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.69% |
| 2 | Consumer Discretionary | 36.13% |
| 3 | Communication Services | 13.84% |
| 4 | Financials | 4.27% |
| 5 | Healthcare | 4.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Global E Online
GLBE
$6.81B
| $534M | 10.21% |
14,734,024
+1,288,829
| +10% | +$41.6M |
|
|
2
Atlassian
TEAM
$43.5B
| $470M | 8.98% |
+2,656,057
| New | +$475M |
|
3
Roblox
RBLX
$27.4B
| $437M | 8.35% |
11,745,203
+2,488,044
| +27% | +$88.6M |
|
|
4
Coupang
CPNG
$29.6B
| $353M | 6.75% |
16,862,894
-2,362,881
| -12% | -$51.2M |
|
|
5
Pinduoduo
PDD
$126B
| $348M | 6.66% |
2,620,838
+1,540,346
| +143% | +$209M |
|
|
6
DoorDash
DASH
$96.8B
| $310M | 5.92% |
2,847,537
+1,246,567
| +78% | +$150M |
|
7
Flutter Entertainment
FLUT
$17.8B
| $307M | 5.86% |
1,683,408
| – | – |
|
|
GTM
8
ZoomInfo Technologies
GTM
$1.16B
| $282M | 5.4% |
22,120,065
| – | – |
|
|
9
Kanzhun
BZ
$7.13B
| $280M | 5.35% |
14,892,201
-3,033,312
| -17% | -$61.1M |
|
|
JAMF
10
DELISTED
Jamf
JAMF
| $270M | 5.17% |
16,387,018
-132,503
| -0.8% | -$2.32M |
|
|
XYZ
11
Block Inc
XYZ
$49.4B
| $218M | 4.16% |
3,373,167
-15,930
| -0.5% | -$1.11M |
|
|
12
Duolingo
DUOL
$6.84B
| $205M | 3.91% |
+981,302
| New | +$201M |
|
13
Oscar Health
OSCR
$9.89B
| $201M | 3.85% |
12,725,999
| – | – |
|
|
DAY
14
DELISTED
Dayforce
DAY
| $193M | 3.69% |
+3,896,644
| New | +$223M |
|
|
CCC
15
CCC Intelligent Solutions
CCC
$4.39B
| $177M | 3.38% |
15,904,993
+3,809,200
| +31% | +$43.4M |
|
16
Nu Holdings
NU
$70.4B
| $170M | 3.25% |
13,211,464
| – | – |
|
17
Procore
PCOR
$9.65B
| $149M | 2.84% |
2,243,431
+1,609,607
| +254% | +$112M |
|
|
18
Toast
TOST
$21.2B
| $89.5M | 1.71% |
3,473,838
-4,091,314
| -54% | -$98.9M |
|
19
Rubrik
RBRK
$20.6B
| $47.5M | 0.91% |
+1,550,000
| New | +$51M |
|
20
Affirm
AFRM
$25.8B
| $45.2M | 0.86% |
+1,496,824
| New | +$48M |
|
21
Peloton Interactive
PTON
$2.37B
| $38.2M | 0.73% |
11,288,305
| – | – |
|
22
Datadog
DDOG
$84.6B
| $35.2M | 0.67% |
271,800
| – | – |
|
23
Ibotta
IBTA
$760M
| $18.8M | 0.36% |
+250,000
| New | +$23.3M |
|
|
24
Dynatrace
DT
$14.2B
| $15.1M | 0.29% |
338,487
-4,239,065
| -93% | -$195M |
|
25
Klaviyo
KVYO
$5.22B
| $12.4M | 0.24% |
500,000
| – | – |
|
Similar funds
Marc Stad's Q2 2024 Portfolio in Review
As of Q2 2024, Marc Stad held 38 positions worth $5.23B, up 21% from $4.32B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Marc Stad deployed $1.13B of net new capital in Q2 2024, opening 9 new positions and adding to 6 existing holdings. Its largest new stake was Atlassian: 2,656,057 shares worth $470M.
By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Dynatrace, an estimated $195M trimmed.
- Marc Stad's largest Q2 2024 buy was Atlassian: 2,656,057 shares worth $470M.
- Marc Stad added most to Pinduoduo in Q2 2024, an estimated $209M increase.
- Marc Stad's biggest Q2 2024 reduction was Dynatrace, cutting an estimated $195M.
- Marc Stad fully exited nCino in Q2 2024, selling an estimated $66.2M.
- Marc Stad's ten largest holdings make up 69% of its $5.23B portfolio in Q2 2024.
- Marc Stad opened 9 new positions and closed 5 in Q2 2024.
- Marc Stad's portfolio value rose 21% quarter-over-quarter to $5.23B.
Based on Dragoneer Investment Group's 13F filing for Q2 2024, filed 14 Aug 2024.