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 |
Intuit
INTU
|
+$388M |
| 2 |
XYZ
Block Inc
XYZ
|
+$306M |
| 3 |
SAIL
SailPoint Inc
SAIL
|
+$174M |
| 4 |
Coupang
CPNG
|
+$122M |
| 5 |
Inspire Medical Systems
INSP
|
+$77.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roblox
RBLX
|
+$525M |
| 2 |
Atlassian
TEAM
|
+$186M |
| 3 |
DoorDash
DASH
|
+$179M |
| 4 |
Global E Online
GLBE
|
+$179M |
| 5 |
Dynatrace
DT
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 51.02% |
| 2 | Consumer Discretionary | 37.37% |
| 3 | Healthcare | 6.26% |
| 4 | Financials | 2.57% |
| 5 | Communication Services | 2.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Coupang
CPNG
$29.6B
| $565M | 11.9% |
25,782,481
+5,241,204
| +26% | +$122M |
|
2
Pinduoduo
PDD
$126B
| $540M | 11.36% |
4,564,072
-1,008,022
| -18% | -$116M |
|
|
XYZ
3
Block Inc
XYZ
$49.4B
| $502M | 10.56% |
9,235,205
+4,102,453
| +80% | +$306M |
|
|
4
Intuit
INTU
$100B
| $397M | 8.35% |
+646,123
| New | +$388M |
|
5
Duolingo
DUOL
$6.84B
| $390M | 8.2% |
1,255,861
+191,941
| +18% | +$65.6M |
|
6
Flutter Entertainment
FLUT
$17.8B
| $373M | 7.85% |
1,683,408
| – | – |
|
|
7
Global E Online
GLBE
$6.81B
| $298M | 6.26% |
8,347,360
-3,646,299
| -30% | -$179M |
|
|
DAY
8
DELISTED
Dayforce
DAY
| $276M | 5.8% |
4,726,250
+865,725
| +22% | +$55.8M |
|
|
9
Atlassian
TEAM
$43.5B
| $236M | 4.96% |
1,111,717
-704,310
| -39% | -$186M |
|
|
10
Inspire Medical Systems
INSP
$1.8B
| $207M | 4.35% |
1,297,603
+426,493
| +49% | +$77.2M |
|
|
TTAN
11
ServiceTitan Inc
TTAN
$9.05B
| $195M | 4.1% |
2,048,965
| – | – |
|
|
SAIL
12
SailPoint Inc
SAIL
$10.6B
| $150M | 3.16% |
+8,000,000
| New | +$174M |
|
|
JAMF
13
DELISTED
Jamf
JAMF
| $107M | 2.25% |
8,818,589
-4,632,254
| -34% | -$66.4M |
|
|
14
Roblox
RBLX
$27.4B
| $102M | 2.15% |
1,754,755
-8,346,341
| -83% | -$525M |
|
15
Nu Holdings
NU
$70.4B
| $101M | 2.13% |
9,908,598
| – | – |
|
16
Oscar Health
OSCR
$9.89B
| $90.7M | 1.91% |
6,917,448
-2,570,446
| -27% | -$38.2M |
|
|
CCC
17
CCC Intelligent Solutions
CCC
$4.39B
| $83M | 1.75% |
9,196,301
| – | – |
|
|
18
Dynatrace
DT
$14.2B
| $56.5M | 1.19% |
1,198,790
-3,260,831
| -73% | -$178M |
|
|
KRMN
19
Karman Holdings
KRMN
$7.08B
| $30.1M | 0.63% |
+900,000
| New | +$29M |
|
20
Datadog
DDOG
$84.6B
| $27M | 0.57% |
271,800
| – | – |
|
21
Root
ROOT
$864M
| $20.6M | 0.43% |
154,320
| – | – |
|
|
GTM
22
ZoomInfo Technologies
GTM
$1.16B
| $6.7M | 0.14% |
670,000
-5,653,331
| -89% | -$59.3M |
|
23
Kanzhun
BZ
$7.13B
| – | – |
-4,038,315
| Closed | -$55.7M |
|
|
24
DoorDash
DASH
$96.8B
| – | – |
-1,069,006
| Closed | -$179M |
|
25
Procore
PCOR
$9.65B
| – | – |
-633,824
| Closed | -$47.5M |
|
Similar funds
Marc Stad's Q1 2025 Portfolio in Review
As of Q1 2025, Marc Stad held 26 positions worth $4.75B, down 17% from $5.73B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Marc Stad withdrew a net $428M in Q1 2025, closing 4 positions and reducing 8 holdings. Its most notable exit was DoorDash, an estimated $179M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 42% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Marc Stad opened a new position in Intuit worth $397M.
- Marc Stad's largest Q1 2025 buy was Intuit: 646,123 shares worth $397M.
- Marc Stad added most to Block Inc in Q1 2025, an estimated $306M increase.
- Marc Stad's biggest Q1 2025 reduction was Roblox, cutting an estimated $525M.
- Marc Stad fully exited DoorDash in Q1 2025, selling an estimated $179M.
- Marc Stad's ten largest holdings make up 80% of its $4.75B portfolio in Q1 2025.
- Marc Stad opened 3 new positions and closed 4 in Q1 2025.
- Marc Stad's portfolio value fell 17% quarter-over-quarter to $4.75B.
Based on Dragoneer Investment Group's 13F filing for Q1 2025, filed 15 May 2025.