Dragoneer Investment Group
Dragoneer Investment Group, led by Marc Stad, has built a reputation for strategic growth investments in both public and private companies across various sectors. Founded in 2012 and based in San Francisco, the firm focuses on long-term investments in high-quality businesses that are leaders in their respective fields. Dragoneer's investment philosophy emphasizes a deep understanding of growth drivers and sustainable competitive advantages.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings β not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares β not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with β₯$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 17 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDA | $650.2M | 21.66% | $174.40 | $195.65 | +12.2% | 21.7% | |
| CPNG | $525.9M | 17.52% | $18.88 | $18.45 | -2.3% | 17.5% | |
| META | $407.8M | 13.58% | $571.60 | $615.79 | +7.7% | 13.6% | |
| CVNA | $393.9M | 13.12% | $62.88 | $66.22 | +5.3% | 13.1% | |
| GLBE | $342.9M | 11.42% | $30.85 | $37.63 | +22.0% | 11.4% | |
| XYZ | $175.6M | 5.85% | $60.18 | $77.44 | +28.7% | 5.8% | |
| SAIL | $105.9M | 3.53% | $13.24 | $16.53 | +24.9% | 3.5% | |
| CHYM | $80.7M | 2.69% | $18.73 | $21.09 | +12.6% | 2.7% | |
| KLAR | $76.0M | 2.53% | $13.09 | $19.40 | +48.2% | 2.5% | |
| NU | $71.2M | 2.37% | $14.37 | $13.72 | -4.5% | 2.4% | |
| TTAN | $63.5M | 2.12% | $63.46 | $79.68 | +25.6% | 2.1% | |
| CCC | $55.2M | 1.84% | $6.00 | $5.66 | -5.7% | 1.8% | |
| DDOG | $32.1M | 1.07% | $118.05 | $258.38 | +118.9% | 1.1% | |
| ROOT | $6.8M | 0.23% | $44.17 | $63.65 | +44.1% | 0.2% | |
| WLTH | $6.0M | 0.20% | $9.25 | $9.44 | +2.0% | 0.2% | |
| OSCR | $4.2M | 0.14% | $11.47 | $31.23 | +172.3% | 0.1% | |
| GTM | $4.0M | 0.13% | $5.98 | $3.01 | -49.7% | 0.1% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (1)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| META | $407.8M | +7.7% |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| DAY | $328.5M | |
| MELI | $322.7M | |
| PDD | $208.1M | |
| DUOL | $203.6M | |
| EXE | $145.6M | |
| CRK | $99.6M | |
| JAMF | $56.3M | |
| NAVN | $35.8M |
Increased (3)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| NVDA | $156.3M | +40.8% | +12.2% | |
| CPNG | $16.9M | +29.1% | -2.3% | |
| CVNA | $-19.4M | +27.9% | +5.3% |
Trimmed (5)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| CHYM | $-134.5M | -49.6% | +12.6% | |
| OSCR | $-5.3M | -44.4% | +172.3% | |
| XYZ | $-148.4M | -41.4% | +28.7% | |
| KLAR | $-163.5M | -29.9% | +48.2% | |
| GLBE | $-103.8M | -2.2% | +22.0% |
Quarter Activity
During the quarter, Dragoneer Investment Group initiated a notable new position in META, valued at $408 million. The fund exited several positions, including significant stakes in DAY, MELI, and PDD. Additionally, there were increases in holdings of NVDA, CPNG, and CVNA, while reductions were made in CHYM, OSCR, and XYZ, indicating a strategic realignment of their portfolio.
AI Commentary
<p>As of the latest reporting period ending March 31, 2026, Dragoneer Investment Group's portfolio showcases a strong concentration in the technology and e-commerce sectors. The fund's top holdings include NVIDIA CORPORATION (NVDA) with an investment worth $650 million, representing 21.7% of the total assets under management (AUM), followed by COUPANG INC (CPNG) at $526 million (17.5%), and META PLATFORMS INC (META) at $408 million (13.6%). Other significant investments include CARVANA CO (CVNA) and GLOBAL E ONLINE LTD (GLBE), emphasizing the fund's focus on high-growth potential companies in digital commerce and technology platforms.</p> <p>The recent portfolio adjustments signal a strategic shift in Dragoneer Investment Group's investment thesis. The initiation of a substantial new position in META PLATFORMS INC (META) at $408 million, alongside significant increases in holdings of NVDA, CPNG, and CVNA, suggests a bullish outlook on tech giants and e-commerce leaders. Conversely, the closure of positions in DAY, MELI, PDD, DUOL, and EXE, coupled with notable reductions in CHYM, OSCR, XYZ, and KLAR, indicates a recalibration away from certain tech and financial services sectors. These changes reflect the fund's adaptive strategies in response to evolving market conditions and potential growth opportunities.</p>