Great investors · Marc Stad · Q1 2026
What Marc Stad bought and sold in Q1 2026
Dragoneer Investment Group 13F portfolio as of Mar 31, 2026: 17 positions worth $3.0 bn. Largest: NVDA, CPNG, META, CVNA. Filed with the SEC on May 15, 2026.
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 Q1 2026
- NewMeta PlatformsMETA+8.9 pp
- IncreasedNVIDIANVDA+4.1 pp
- IncreasedCoupangCPNG+2.6 pp
- IncreasedCarvanaCVNA+1.9 pp
Sells in Q1 2026
- Sold outMercadoLibreMELI−7.0 pp
- Sold outPDD HoldingsPDD−4.5 pp
- Sold outDuolingoDUOL−4.4 pp
- Sold outExpand EnergyEXE−3.2 pp
- ReducedBlockXYZ−2.7 pp
- Sold outComstock ResourcesCRK−2.2 pp
- ReducedChime FinancialCHYM−1.7 pp
- Sold outNavanNAVN−0.8 pp
- ReducedKlarna GroupKLAR−0.7 pp
13 companies with material moves, out of 18 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 Q1 2026 13F lists 17 lines of US-listed securities worth $3.0 bn; the largest is NVDA at 21.7% of the portfolio. It was accepted by the SEC on May 15, 2026 at 6:30 AM ET.
Against the previous quarter, it opened 1 position (META), closed 9 (MELI, PDD, DUOL and EXE and 5 more), added to 3 (NVDA, CPNG and CVNA) and trimmed 5 (XYZ, CHYM, KLAR and GLBE and 1 more). 8 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | NVIDIA NVDA | 3.7 M | $650M | 21.7% | +41% |
| 2 | Coupang CPNG | 27.9 M | $526M | 17.5% | +29% |
| 3 | Meta Platforms META | 712,800 | $408M | 13.6% | new |
| 4 | Carvana CVNA | 1.3 M | $394M | 13.1% | +28% |
| 5 | Global-E Online GLBE | 11.1 M | $343M | 11.4% | −2.2% |
| 6 | Block XYZ | 2.9 M | $176M | 5.85% | −41% |
| 7 | SailPoint SAIL | 8.0 M | $106M | 3.53% | no change |
| 8 | Chime Financial CHYM | 4.3 M | $80.7M | 2.69% | −50% |
| 9 | Klarna Group KLAR | 5.8 M | $76.0M | 2.53% | −30% |
| 10 | Nu Holdings NU | 5.0 M | $71.2M | 2.37% | no change |
| 11 | ServiceTitan TTAN | 1.0 M | $63.5M | 2.12% | no change |
| 12 | CCC Intelligent Solutions Holdings CCC | 9.2 M | $55.2M | 1.84% | no change |
| 13 | Datadog DDOG | 271,800 | $32.1M | 1.07% | no change |
| 14 | ROOT ROOT | 154,320 | $6.8M | 0.23% | no change |
| 15 | Wealthfront WLTH | 654,338 | $6.1M | 0.20% | no change |
| 16 | Oscar Health OSCR | 365,573 | $4.2M | 0.14% | −44% |
| 17 | ZoomInfo Technologies GTM | 670,000 | $4.0M | 0.13% | no change |
Positions it closed (9)
- MercadoLibre MELIwas 7.04% · 160,193 shares
- PDD Holdings PDDwas 4.54% · 1.8 M shares
- Duolingo DUOLwas 4.44% · 1.2 M shares
- Expand Energy EXEwas 3.18% · 1.3 M shares
- Comstock Resources CRKwas 2.17% · 4.3 M shares
- Navan NAVNwas 0.78% · 2.1 M shares
- Medline MDLNwas 0.48% · 525,000 shares
- Figma FIGwas 0.35% · 431,165 shares
- Gemini Space Station GEMIwas 0.18% · 810,000 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.