13F
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Dragoneer Investment Group, LLC

13F equity value
$3.0B
Positions
17
Top 10 concentration
94.3%
Quarters / total new picks
20 / 38
13F equity value over time
$0M$4B$9B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +10.0% per quarter — versus +3.6% per quarter from simply owning every 13F stock. It beat that baseline in only 55.0% of quarters (excess t = 1.28, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+15.8%
t-stat
1.28
Quarterly win rate
55%
Annualized excess
+18.4%
$1 → follow vs universe
$3.95 vs $1.86
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920181231: universe 0.94920190331: universe 0.93220191231: universe 0.75220200331: universe 0.90720200630: universe 1.00120200930: universe 1.22820210930: universe 1.10320220331: universe 1.18420230331: universe 1.24720230630: universe 1.20220230930: universe 1.36520240331: universe 1.39620240630: universe 1.52220241231: universe 1.42120250331: universe 1.54920250630: universe 1.59820250930: universe 1.79720251231: universe 1.859 20180331: follow 1.07320180630: follow 0.85620181231: follow 1.15620190331: follow 0.85720191231: follow 1.46520200331: follow 2.44520200630: follow 2.84420200930: follow 3.86320210930: follow 3.14320220331: follow 3.28820230331: follow 3.50020230630: follow 3.56320230930: follow 3.38420240331: follow 3.51320240630: follow 4.93220241231: follow 4.15720250331: follow 4.34920250630: follow 4.54520250930: follow 4.48620251231: follow 3.948 0.69 3.01 5.33 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 17 holdings of 17 · 2026 Q1

Ticker Value Weight QoQ
NVDA $650M
21.7%
ADD
CPNG $526M
17.5%
ADD
META $408M
13.6%
NEW
CVNA $394M
13.1%
ADD
GLBE $343M
11.4%
TRIM
XYZ $176M
5.9%
TRIM
SAIL $106M
3.5%
HOLD
CHYM $81M
2.7%
TRIM
KLAR $76M
2.5%
TRIM
NU $71M
2.4%
HOLD
TTAN $64M
2.1%
HOLD
CCC $55M
1.8%
HOLD
DDOG $32M
1.1%
HOLD
ROOT $7M
0.2%
HOLD
WLTH $6M
0.2%
HOLD
OSCR $4M
0.1%
TRIM
GTM $4M
0.1%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

META

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.