Dragoneer Investment Group, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Dragoneer Investment Group, LLC reported 27 stock positions worth $4.6 billion. Its top holding was Coupang (CPNG) at 11.1% of the portfolio, followed by Nvidia (NVDA, 10.8%) and Global-E Online (GLBE, 9.7%). Compared with Q3 2025, it opened 5 new positions, sold out of 4, added to 4 and reduced 5. The biggest buy was Carvana (CVNA, shares +44%) and the biggest sale Duolingo (DUOL, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001602189
- Portfolio Value
- $4.6B (Q4 2025)
- SEC Filing
- 0001193125-26-052974 ↗ filed Feb 17, 2026
Holdings Value
Holdings 27 stocks · $4.6B
| CPNG Coupang Inc. | 11.10% | 21,576,556 | $509.0M | Add +47.1% |
| NVDA Nvidia Corp. | 10.77% | 2,648,387 | $493.9M | Add +27.4% |
| GLBE Global-E Online Ltd. | 9.74% | 11,365,028 | $446.8M | Reduce -4.4% |
| CVNA Carvana Co. | 9.01% | 979,460 | $413.4M | Add +44.3% |
| DAY Dayforce Inc. | 7.16% | 4,749,842 | $328.5M | No change |
| XYZ Block Inc. | 7.07% | 4,978,155 | $324.0M | Reduce -24.0% |
| MELI MercadoLibre Inc. | 7.04% | 160,193 | $322.7M | Add +55.0% |
| KLAR Klarna Group PLC | 5.22% | 8,283,616 | $239.5M | No change |
| CHYM Chime Financial Inc. Class A | 4.69% | 8,548,884 | $215.2M | No change |
| PDD PDD Holdings Inc. | 4.54% | 1,835,428 | $208.1M | No change |
| DUOL Duolingo | 4.44% | 1,159,887 | $203.6M | Reduce -26.6% |
| SAIL Sailpoint Inc. | 3.53% | 8,000,000 | $161.8M | No change |
| EXE Expand Energy Corp. | 3.18% | 1,319,618 | $145.6M | New |
| TTAN Servicetitan Inc. Class A | 2.32% | 1,000,885 | $106.6M | No change |
| CRK Comstock Resources Inc. | 2.17% | 4,298,202 | $99.6M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.81% | 4,954,299 | $82.9M | No change |
| CCC CCC Intelligent Solutions Ho | 1.59% | 9,196,301 | $73.1M | No change |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 1.23% | 4,328,286 | $56.3M | No change |
| DDOG Datadog Inc. Class A | 0.81% | 271,800 | $37.0M | No change |
| NAVN Navan Inc. Class A | 0.78% | 2,095,507 | $35.8M | New |
| MDLN Medline Inc. Class A | 0.48% | 525,000 | $22.1M | New |
| FIG Figma Inc. Class A | 0.35% | 431,165 | $16.1M | No change |
| ROOT Root Inc./Oh Class A | 0.24% | 154,320 | $11.1M | No change |
| OSCR Oscar Health Inc. Class A | 0.21% | 657,435 | $9.4M | Reduce -51.2% |
| WLTH Wealthfront Corp. | 0.19% | 654,338 | $8.9M | New |
| GEMI Gemini Space Station Inc. Class A | 0.18% | 810,000 | $8.0M | Reduce -50.0% |
| GTM Zoominfo Technologies Inc. | 0.15% | 670,000 | $6.8M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| DUOL Duolingo | Reduce -26.6% | 4.44% | −6.79 |
| XYZ Block Inc. | Reduce -24.0% | 7.07% | −3.39 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −1.45 |
| GEMI Gemini Space Station Inc. Class A | Reduce -50.0% | 0.18% | −0.68 |
| OSCR Oscar Health Inc. Class A | Reduce -51.2% | 0.21% | −0.36 |
| STUB Stubhub Holdings Inc. Class A | Sold out | 0.00% | −0.16 |
| PTRN Pattern Group Inc. Class A | Sold out | 0.00% | −0.15 |
| ARX Accelerant Holdings Class A | Sold out | 0.00% | −0.11 |
| GLBE Global-E Online Ltd. | Reduce -4.4% | 9.74% | +0.36 |
Portfolio Buys Q3 2025 → Q4 2025
| CVNA Carvana Co. | Add +44.3% | 9.01% | +3.36 |
| EXE Expand Energy Corp. | New | 3.18% | +3.18 |
| NVDA Nvidia Corp. | Add +27.4% | 10.77% | +2.21 |
| CRK Comstock Resources Inc. | New | 2.17% | +2.17 |
| MELI MercadoLibre Inc. | Add +55.0% | 7.04% | +1.70 |
| NAVN Navan Inc. Class A | New | 0.78% | +0.78 |
| CPNG Coupang Inc. | Add +47.1% | 11.10% | +0.67 |
| MDLN Medline Inc. Class A | New | 0.48% | +0.48 |
| WLTH Wealthfront Corp. | New | 0.19% | +0.19 |
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 |