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Dragoneer Investment Group, LLC

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13F filer, CIK 1602189, SAN FRANCISCO, CA

Dragoneer Investment Group, LLC reported $4,585,865,307 across 27 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 76.34% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001193125-26-052974

Period
2025-12-31
Reported value
$4.59B
Holdings
27
Top 10 weight
76.34%
New
5
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CPNGadded+6,910,865$163M
EXEnew+1,319,618$146M
CVNAadded+300,539$127M
MELIadded+56,814$114M
NVDAadded+570,000$106M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
XYZreduced-1,571,592-$102M
DUOLreduced-420,900-$73.9M
FLNCexited-6,100,265-$65.9M
GLBEreduced-522,050-$20.5M
OSCRreduced-688,719-$9.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001193125-26-052974, largest first. % of portfolio is the value over $4,585,865,307, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,850,451 shares; 2024Q4: 20,541,277 shares; 2025Q1: 25,782,481 shares; 2025Q2: 20,893,452 shares; 2025Q3: 14,665,691 shares; 2025Q4: 21,576,556 shares 21,576,556$509M11.1%+6,910,865Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,187,000 shares; 2025Q3: 2,078,387 shares; 2025Q4: 2,648,387 shares 2,648,387$494M10.77%+570,000Timeline
GLBEGLOBAL E ONLINE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,296,541 shares; 2024Q4: 11,993,659 shares; 2025Q1: 8,347,360 shares; 2025Q2: 10,056,015 shares; 2025Q3: 11,887,078 shares; 2025Q4: 11,365,028 shares 11,365,028$447M9.74%-522,050Timeline
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 678,921 shares; 2025Q4: 979,460 shares 979,460$413M9.01%+300,539Timeline
DAYDAYFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,619,274 shares; 2024Q4: 3,860,525 shares; 2025Q1: 4,726,250 shares; 2025Q2: 4,749,842 shares; 2025Q3: 4,749,842 shares; 2025Q4: 4,749,842 shares 4,749,842$328M7.16%0Timeline
XYZBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,373,167 shares; 2024Q4: 5,132,752 shares; 2025Q1: 9,235,205 shares; 2025Q2: 9,233,515 shares; 2025Q3: 6,549,747 shares; 2025Q4: 4,978,155 shares 4,978,155$324M7.07%-1,571,592Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 103,379 shares; 2025Q4: 160,193 shares 160,193$323M7.04%+56,814Timeline
KLARKLARNA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,283,616 shares; 2025Q4: 8,283,616 shares 8,283,616$239M5.22%0Timeline
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,548,884 shares; 2025Q3: 8,548,884 shares; 2025Q4: 8,548,884 shares 8,548,884$215M4.69%0Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,744,241 shares; 2024Q4: 5,572,094 shares; 2025Q1: 4,564,072 shares; 2025Q2: 3,535,608 shares; 2025Q3: 1,835,428 shares; 2025Q4: 1,835,428 shares 1,835,428$208M4.54%0Timeline
DUOLDUOLINGO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,538,948 shares; 2024Q4: 1,063,920 shares; 2025Q1: 1,255,861 shares; 2025Q2: 372,441 shares; 2025Q3: 1,580,787 shares; 2025Q4: 1,159,887 shares 1,159,887$204M4.44%-420,900Timeline
SAILSAILPOINT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 8,000,000 shares; 2025Q2: 8,000,000 shares; 2025Q3: 8,000,000 shares; 2025Q4: 8,000,000 shares 8,000,000$162M3.53%0Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,319,618 shares 1,319,618$146M3.18%newTimeline
TTANSERVICETITAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,048,965 shares; 2025Q1: 2,048,965 shares; 2025Q2: 1,206,157 shares; 2025Q3: 1,000,885 shares; 2025Q4: 1,000,885 shares 1,000,885$107M2.32%0Timeline
CRKCOMSTOCK RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,298,202 shares 4,298,202$99.6M2.17%newTimeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,908,598 shares; 2024Q4: 9,908,598 shares; 2025Q1: 9,908,598 shares; 2025Q2: 9,908,598 shares; 2025Q3: 4,954,299 shares; 2025Q4: 4,954,299 shares 4,954,299$82.9M1.81%0Timeline
CCCCCC INTELLIGENT SOLUTIONS HLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,196,301 shares; 2024Q4: 9,196,301 shares; 2025Q1: 9,196,301 shares; 2025Q2: 9,196,301 shares; 2025Q3: 9,196,301 shares; 2025Q4: 9,196,301 shares 9,196,301$73.1M1.59%0Timeline
JAMFJAMF HOLDING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,387,018 shares; 2024Q4: 13,450,843 shares; 2025Q1: 8,818,589 shares; 2025Q2: 4,328,286 shares; 2025Q3: 4,328,286 shares; 2025Q4: 4,328,286 shares 4,328,286$56.3M1.23%0Timeline
DDOGDATADOG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,800 shares; 2024Q4: 271,800 shares; 2025Q1: 271,800 shares; 2025Q2: 2,254,563 shares; 2025Q3: 271,800 shares; 2025Q4: 271,800 shares 271,800$37M0.81%0Timeline
NAVNNAVAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,095,507 shares 2,095,507$35.8M0.78%newTimeline
MDLNMEDLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 525,000 shares 525,000$22.1M0.48%newTimeline
FIGFIGMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 431,165 shares; 2025Q4: 431,165 shares 431,165$16.1M0.35%0Timeline
ROOTROOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 154,320 shares; 2024Q4: 154,320 shares; 2025Q1: 154,320 shares; 2025Q2: 154,320 shares; 2025Q3: 154,320 shares; 2025Q4: 154,320 shares 154,320$11.1M0.24%0Timeline
OSCROSCAR HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,487,894 shares; 2024Q4: 9,487,894 shares; 2025Q1: 6,917,448 shares; 2025Q2: 1,346,154 shares; 2025Q3: 1,346,154 shares; 2025Q4: 657,435 shares 657,435$9.45M0.21%-688,719Timeline
WLTHWEALTHFRONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 654,338 shares 654,338$8.89M0.19%newTimeline
GEMIGEMINI SPACE STA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,620,000 shares; 2025Q4: 810,000 shares 810,000$8.04M0.18%-810,000Timeline
GTMZOOMINFO TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,120,065 shares; 2024Q4: 6,323,331 shares; 2025Q1: 670,000 shares; 2025Q2: 670,000 shares; 2025Q3: 670,000 shares; 2025Q4: 670,000 shares 670,000$6.81M0.15%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FLNCFLUENCE ENERGY INC6,100,265$65.9Mshares
STUBSTUBHUB HLDGS INC425,531$7.17Mshares
PTRNPATTERN GROUP INC489,700$6.71Mshares
ARXACCELERANT HOLDINGS336,361$5.01Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001193125-26-052974 base2026-02-17acceptance time not in the bulk data set