Great investors · Marc Stad · Q3 2024
What Marc Stad bought and sold in Q3 2024
Dragoneer Investment Group 13F portfolio as of Sep 30, 2024: 24 positions worth $5.8 bn. Largest: GLBE, TEAM, RBLX, PDD. Filed with the SEC on Nov 14, 2024.
The 13F is filed by Dragoneer Investment Group, not by Marc Stad personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- IncreasedDayforceDAY+4.0 pp
- IncreasedAtlassianTEAM+2.7 pp
- IncreasedDuolingoDUOL+2.7 pp
- IncreasedPDD HoldingsPDD+2.6 pp
- IncreasedCoupangCPNG+0.8 pp
Sells in Q3 2024
- ReducedDoorDashDASH−1.9 pp
- ReducedProcore TechnologiesPCOR−1.7 pp
- Sold outToastTOST−1.6 pp
- ReducedCCC Intelligent Solutions HoldingsCCC−1.3 pp
- ReducedOscar HealthOSCR−1.2 pp
- ReducedKanzhunBZ−1.2 pp
- Sold outAffirm HoldingsAFRM−0.8 pp
- ReducedNu HoldingsNU−0.8 pp
- Sold outPeloton InteractivePTON−0.7 pp
14 companies with material moves, out of 22 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Dragoneer Investment Group's Q3 2024 13F lists 24 lines of US-listed securities worth $5.8 bn; the largest is GLBE at 10.2% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 8:30 AM ET.
Against the previous quarter, it opened no new positions, closed 9 (TOST, AFRM, PTON and DT and 5 more), added to 6 (DAY, DUOL, TEAM and PDD and 2 more) and trimmed 7 (DASH, OSCR, BZ and CCC and 3 more). 11 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Global-E Online GLBE | 15.3 M | $588M | 10.2% | +3.8% |
| 2 | Atlassian TEAM | 3.7 M | $580M | 10.1% | +37% |
| 3 | Roblox RBLX | 11.7 M | $520M | 9.04% | no change |
| 4 | PDD Holdings PDD | 3.7 M | $505M | 8.78% | +43% |
| 5 | Dayforce DAY | 7.6 M | $467M | 8.11% | +96% |
| 6 | Coupang CPNG | 18.9 M | $463M | 8.05% | +12% |
| 7 | Duolingo DUOL | 1.5 M | $434M | 7.55% | +57% |
| 8 | Flutter Entertainment FLUT | 1.7 M | $399M | 6.95% | no change |
| 9 | DoorDash DASH | 2.1 M | $295M | 5.12% | −28% |
| 10 | Jamf Holding JAMF | 16.4 M | $284M | 4.94% | no change |
| 11 | ZoomInfo Technologies GTM | 22.1 M | $228M | 3.97% | no change |
| 12 | Block XYZ | 3.4 M | $226M | 3.94% | no change |
| 13 | Oscar Health OSCR | 9.5 M | $201M | 3.50% | −25% |
| 14 | Kanzhun BZ | 11.0 M | $191M | 3.33% | −26% |
| 15 | Nu Holdings NU | 9.9 M | $135M | 2.35% | −25% |
| 16 | CCC Intelligent Solutions Holdings CCC | 9.2 M | $102M | 1.77% | −42% |
| 17 | Procore Technologies PCOR | 633,824 | $39.1M | 0.68% | −72% |
| 18 | Rubrik RBRK | 1.1 M | $34.3M | 0.60% | −31% |
| 19 | Datadog DDOG | 271,800 | $31.3M | 0.54% | no change |
| 20 | Ibotta IBTA | 250,000 | $15.4M | 0.27% | no change |
| 21 | ROOT ROOT | 154,320 | $5.8M | 0.10% | no change |
| 22 | Nextdoor Holdings NXDR | 2.0 M | $5.0M | 0.09% | no change |
| 23 | Reddit RDDT | 30,000 | $2.0M | 0.03% | no change |
| 24 | Snowflake SNOW | 500 | $57.4K | 0.00% | no change |
Positions it closed (9)
- Toast TOSTwas 1.71% · 3.5 M shares
- Affirm Holdings AFRMwas 0.86% · 1.5 M shares
- Peloton Interactive PTONwas 0.73% · 11.3 M shares
- Dynatrace DTwas 0.29% · 338,487 shares
- Klaviyo KVYOwas 0.24% · 500,000 shares
- Maravai LifeSciences Holdings MRVIwas 0.10% · 750,468 shares
- Waystar Holding WAYwas 0.08% · 200,000 shares
- Tempus AI TEMwas 0.03% · 50,000 shares
- 23andme Holding was 0.00% · 500,000 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Dragoneer Investment Group's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.