Dragoneer Investment Group 13F, Q3 2025
Marc Stad · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1602189
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 26 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| DUOLINGO INC | DUOL | $508.76M | 11.2% | +324% shares |
| BLOCK INC | XYZ | $473.35M | 10.4% | -29% shares |
| COUPANG INC | CPNG | $472.24M | 10.4% | -30% shares |
| GLOBAL E ONLINE LTD | $425.08M | 9.4% | +18% shares | |
| NVIDIA CORPORATION | NVDA | $387.79M | 8.6% | -35% shares |
| DAYFORCE INC | DAY | $327.22M | 7.2% | unchanged |
| KLARNA GROUP PLC | $303.59M | 6.7% | new | |
| CARVANA CO | CVNA | $256.12M | 5.7% | new |
| PDD HOLDINGS INC | PDD | $242.59M | 5.4% | -48% shares |
| MERCADOLIBRE INC | MELI | $241.59M | 5.3% | new |
| SAILPOINT INC | SAIL | $176.64M | 3.9% | unchanged |
| CHIME FINL INC | CHYM | $172.43M | 3.8% | unchanged |
| SERVICETITAN INC | TTAN | $100.92M | 2.2% | -17% shares |
| CCC INTELLIGENT SOLUTIONS HL | CCC | $83.78M | 1.9% | unchanged |
| NU HLDGS LTD | $79.32M | 1.8% | -50% shares | |
| FLUENCE ENERGY INC | FLNC | $65.88M | 1.4% | new |
| JAMF HLDG CORP | JAMF | $46.31M | 1.0% | unchanged |
| GEMINI SPACE STA INC | GEMI | $38.82M | 0.9% | new |
| DATADOG INC | DDOG | $38.70M | 0.8% | -88% shares |
| OSCAR HEALTH INC | OSCR | $25.48M | 0.6% | unchanged |
| FIGMA INC | FIG | $22.36M | 0.5% | new |
| ROOT INC | ROOT | $13.81M | 0.3% | unchanged |
| ZOOMINFO TECHNOLOGIES INC | GTM | $7.31M | 0.2% | unchanged |
| STUBHUB HLDGS INC | STUB | $7.17M | 0.2% | new |
| PATTERN GROUP INC | PTRN | $6.71M | 0.1% | new |
What changed since Q2 2025
Against the Q2 2025 filing, Dragoneer Investment Group opened 9 new positions, added to 2, trimmed 7, left 8 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001193125-25-281469, filed by Dragoneer Investment Group, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.