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Marc Stad Dragoneer Investment Group

AUM $2.83B
1-Year Est. Return 12.55%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-18.27%
1 Year Est. Return
+12.55%
3 Year Est. Return
+77.31%
5 Year Est. Return
+22.68%
10 Year Est. Return
+767.49%
AUM
$3B
AUM Growth
-$1.58B
Cap. Flow
-$850M
Cap. Flow %
-28.33%
Top 10 Hldgs %
94.28%
Holding
28
New
1
Increased
3
Reduced
5
Closed
11

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$457M
2
NVDA icon
NVIDIA
NVDA
+$198M
3
CPNG icon
Coupang
CPNG
+$123M
4
CVNA icon
Carvana
CVNA
+$101M

Top Sells

Rank Stock Value
1
DAY
Dayforce
DAY
+$328M
2
MELI icon
Mercado Libre
MELI
+$323M
3
PDD icon
Pinduoduo
PDD
+$208M
4
DUOL icon
Duolingo
DUOL
+$204M
5
EXE
Expand Energy Corp
EXE
+$146M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 42.06%
2 Technology 39.08%
3 Communication Services 13.58%
4 Financials 5.13%
5 Healthcare 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.2T
$650M 21.66%
3,728,387
+1,080,000
+41% +$198M
CPNG icon
2
Coupang
CPNG
$29.6B
$526M 17.52%
27,852,856
+6,276,300
+29% +$123M
META icon
3
Meta Platforms (Facebook)
META
$1.4T
$408M 13.58%
+712,800
New +$457M
CVNA icon
4
Carvana
CVNA
$76.9B
$394M 13.12%
6,264,800
+1,367,500
+28% +$101M
GLBE icon
5
Global E Online
GLBE
$6.81B
$343M 11.42%
11,115,629
-249,399
-2% -$8.77M
XYZ
6
Block Inc
XYZ
$49.4B
$176M 5.85%
2,918,392
-2,059,763
-41% -$125M
SAIL
7
SailPoint Inc
SAIL
$10.6B
$106M 3.53%
8,000,000
– –
CHYM
8
Chime Financial
CHYM
$12.4B
$80.7M 2.69%
4,308,999
-4,239,885
-50% -$96.1M
KLAR
9
Klarna Group
KLAR
$5.42B
$76M 2.53%
5,803,764
-2,479,852
-30% -$49.1M
NU icon
10
Nu Holdings
NU
$70.4B
$71.2M 2.37%
4,954,299
– –
TTAN
11
ServiceTitan Inc
TTAN
$9.05B
$63.5M 2.12%
1,000,885
– –
CCC
12
CCC Intelligent Solutions
CCC
$4.39B
$55.2M 1.84%
9,196,301
– –
DDOG icon
13
Datadog
DDOG
$84.6B
$32.1M 1.07%
271,800
– –
ROOT icon
14
Root
ROOT
$864M
$6.82M 0.23%
154,320
– –
WLTH
15
Wealthfront Corp
WLTH
$1.38B
$6.05M 0.2%
654,338
– –
OSCR icon
16
Oscar Health
OSCR
$9.89B
$4.19M 0.14%
365,573
-291,862
-44% -$4.11M
GTM
17
ZoomInfo Technologies
GTM
$1.16B
$4.01M 0.13%
670,000
– –
CRK icon
18
Comstock Resources
CRK
$4.18B
– –
-4,298,202
Closed -$99.6M
DUOL icon
19
Duolingo
DUOL
$6.84B
– –
-1,159,887
Closed -$204M
JAMF
20
DELISTED
Jamf
JAMF
– –
-4,328,286
Closed -$56.3M
MELI icon
21
Mercado Libre
MELI
$97.5B
– –
-160,193
Closed -$323M
PDD icon
22
Pinduoduo
PDD
$126B
– –
-1,835,428
Closed -$208M
DAY
23
DELISTED
Dayforce
DAY
– –
-4,749,842
Closed -$328M
EXE
24
Expand Energy Corp
EXE
$22.2B
– –
-1,319,618
Closed -$146M
FIG
25
Figma
FIG
$14.4B
– –
-431,165
Closed -$16.1M
1
2

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Marc Stad's Q1 2026 Portfolio in Review

As of Q1 2026, Marc Stad held 28 positions worth $3B, down 35% from $4.59B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Marc Stad withdrew a net $850M in Q1 2026, closing 11 positions and reducing 5 holdings. Its most notable exit was Dayforce, an estimated $328M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, up from 41% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Marc Stad opened a new position in Meta Platforms (Facebook) worth $408M.

  • Marc Stad's largest Q1 2026 buy was Meta Platforms (Facebook): 712,800 shares worth $408M.
  • Marc Stad added most to NVIDIA in Q1 2026, an estimated $198M increase.
  • Marc Stad's biggest Q1 2026 reduction was Block Inc, cutting an estimated $125M.
  • Marc Stad fully exited Dayforce in Q1 2026, selling an estimated $328M.
  • Marc Stad's ten largest holdings make up 94% of its $3B portfolio in Q1 2026.
  • Marc Stad opened 1 new position and closed 11 in Q1 2026.
  • Marc Stad's portfolio value fell 35% quarter-over-quarter to $3B.

Based on Dragoneer Investment Group's 13F filing for Q1 2026, filed 15 May 2026.