Dragoneer Investment Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Dragoneer Investment Group, LLC reported 22 stock positions worth $4.8 billion. Its top holding was Coupang (CPNG) at 11.9% of the portfolio, followed by PDD (PDD, 11.4%) and Block (XYZ, 10.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 4, added to 5 and reduced 8. The biggest buy was a new position in Intuit (INTU) and the biggest sale Roblox Class A (RBLX, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001602189
- Portfolio Value
- $4.8B (Q1 2025)
- SEC Filing
- 0000950123-25-005403 ↗ filed May 15, 2025
Holdings Value
Holdings 22 stocks · $4.8B
| CPNG Coupang Inc. | 11.90% | 25,782,481 | $565.4M | Add +25.5% |
| PDD PDD Holdings Inc. | 11.36% | 4,564,072 | $540.2M | Reduce -18.1% |
| XYZ Block Inc. | 10.56% | 9,235,205 | $501.7M | Add +79.9% |
| INTU Intuit Inc. | 8.35% | 646,123 | $396.7M | New |
| DUOL Duolingo | 8.20% | 1,255,861 | $390.0M | Add +18.0% |
| FLUT Flutter Entertainment PLC-Di | 7.85% | 1,683,408 | $373.0M | No change |
| GLBE Global-E Online Ltd. | 6.26% | 8,347,360 | $297.6M | Reduce -30.4% |
| DAY Dayforce Inc. | 5.80% | 4,726,250 | $275.7M | Add +22.4% |
| TEAM Atlassian Corp. Class A | 4.96% | 1,111,717 | $235.9M | Reduce -38.8% |
| INSP Inspire Medical Systems Inc. | 4.35% | 1,297,603 | $206.7M | Add +49.0% |
| TTAN Servicetitan Inc. Class A | 4.10% | 2,048,965 | $194.9M | No change |
| SAIL Sailpoint Inc. | 3.16% | 8,000,000 | $150.0M | New |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 2.25% | 8,818,589 | $107.1M | Reduce -34.4% |
| RBLX Roblox Corp. Class A | 2.15% | 1,754,755 | $102.3M | Reduce -82.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.13% | 9,908,598 | $101.5M | No change |
| OSCR Oscar Health Inc. Class A | 1.91% | 6,917,448 | $90.7M | Reduce -27.1% |
| CCC CCC Intelligent Solutions Ho | 1.75% | 9,196,301 | $83.0M | No change |
| DT Dynatrace Inc. | 1.19% | 1,198,790 | $56.5M | Reduce -73.1% |
| KRMN Karman Holdings Inc. | 0.63% | 900,000 | $30.1M | New |
| DDOG Datadog Inc. Class A | 0.57% | 271,800 | $27.0M | No change |
| ROOT Root Inc./Oh Class A | 0.43% | 154,320 | $20.6M | No change |
| GTM Zoominfo Technologies Inc. | 0.14% | 670,000 | $6.7M | Reduce -89.4% |
Portfolio Sells Q4 2024 → Q1 2025
| RBLX Roblox Corp. Class A | Reduce -82.6% | 2.15% | −8.05 |
| GLBE Global-E Online Ltd. | Reduce -30.4% | 6.26% | −5.16 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −3.13 |
| DT Dynatrace Inc. | Reduce -73.1% | 1.19% | −3.04 |
| TEAM Atlassian Corp. Class A | Reduce -38.8% | 4.96% | −2.76 |
| JAMF Jamf Holding Corp. | Reduce -34.4% | 2.25% | −1.05 |
| GTM Zoominfo Technologies Inc. | Reduce -89.4% | 0.14% | −1.02 |
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −0.97 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.83 |
| OSCR Oscar Health Inc. Class A | Reduce -27.1% | 1.91% | −0.32 |
| IBTA Ibotta Inc. Class A | Sold out | 0.00% | −0.28 |
| PDD PDD Holdings Inc. | Reduce -18.1% | 11.36% | +1.93 |
Portfolio Buys Q4 2024 → Q1 2025
| INTU Intuit Inc. | New | 8.35% | +8.35 |
| CPNG Coupang Inc. | Add +25.5% | 11.90% | +4.01 |
| SAIL Sailpoint Inc. | New | 3.16% | +3.16 |
| XYZ Block Inc. | Add +79.9% | 10.56% | +2.94 |
| DUOL Duolingo | Add +18.0% | 8.20% | +2.18 |
| INSP Inspire Medical Systems Inc. | Add +49.0% | 4.35% | +1.53 |
| DAY Dayforce Inc. | Add +22.4% | 5.80% | +0.90 |
| KRMN Karman Holdings Inc. | New | 0.63% | +0.63 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $2.8B | SPCX, AMD, AMZN, INIO, KLAR |
| Q1 2026 | 17 | $3.0B | NVDA, CPNG, META, CVNA, GLBE |
| Q4 2025 | 27 | $4.6B | CPNG, NVDA, GLBE, CVNA, DAY |
| Q3 2025 | 26 | $4.5B | DUOL, XYZ, CPNG, GLBE, NVDA |
| Q2 2025 | 20 | $4.9B | XYZ, CPNG, NVDA, FLUT, PDD |
| Q1 2025 | 22 | $4.8B | CPNG, PDD, XYZ, INTU, DUOL |
| Q4 2024 | 23 | $5.7B | GLBE, RBLX, PDD, CPNG, TEAM |
| Q3 2024 | 24 | $5.8B | GLBE, TEAM, RBLX, PDD, DAY |
| Q2 2024 | 33 | $5.2B | GLBE, TEAM, RBLX, CPNG, PDD |
| Q1 2024 | 29 | $4.3B | GLBE, GTM, RBLX, CPNG, FLUT |