Dragoneer Investment Group 13F, Q4 2025
Marc Stad · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1602189
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 27 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| COUPANG INC | CPNG | $508.99M | 11.1% | +47% shares |
| NVIDIA CORPORATION | NVDA | $493.92M | 10.8% | +27% shares |
| GLOBAL E ONLINE LTD | $446.76M | 9.7% | -4% shares | |
| CARVANA CO | CVNA | $413.35M | 9.0% | +44% shares |
| DAYFORCE INC | DAY | $328.50M | 7.2% | unchanged |
| BLOCK INC | XYZ | $324.03M | 7.1% | -24% shares |
| MERCADOLIBRE INC | MELI | $322.67M | 7.0% | +55% shares |
| KLARNA GROUP PLC | $239.48M | 5.2% | unchanged | |
| CHIME FINL INC | CHYM | $215.18M | 4.7% | unchanged |
| PDD HOLDINGS INC | PDD | $208.12M | 4.5% | unchanged |
| DUOLINGO INC | DUOL | $203.56M | 4.4% | -27% shares |
| SAILPOINT INC | SAIL | $161.84M | 3.5% | unchanged |
| EXPAND ENERGY CORPORATION | EXE | $145.63M | 3.2% | new |
| SERVICETITAN INC | TTAN | $106.59M | 2.3% | unchanged |
| COMSTOCK RES INC | CRK | $99.63M | 2.2% | new |
| NU HLDGS LTD | $82.93M | 1.8% | unchanged | |
| CCC INTELLIGENT SOLUTIONS HL | CCC | $73.11M | 1.6% | unchanged |
| JAMF HLDG CORP | JAMF | $56.31M | 1.2% | unchanged |
| DATADOG INC | DDOG | $36.96M | 0.8% | unchanged |
| NAVAN INC | NAVN | $35.79M | 0.8% | new |
| MEDLINE INC | MDLN | $22.05M | 0.5% | new |
| FIGMA INC | FIG | $16.11M | 0.3% | unchanged |
| ROOT INC | ROOT | $11.15M | 0.2% | unchanged |
| OSCAR HEALTH INC | OSCR | $9.45M | 0.2% | -51% shares |
| WEALTHFRONT CORP | WLTH | $8.89M | 0.2% | new |
What changed since Q3 2025
Against the Q3 2025 filing, Dragoneer Investment Group opened 5 new positions, added to 4, trimmed 5, left 13 unchanged and exited 4. 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 0001193125-26-052974, 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.