Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
Dragoneer Investment Group
tiger_crossover
D
Reliability improving可靠性走强
leaderboard rank榜单排名 #49
Book持仓规模
$3.0B
long US listed only仅美股多头
Positions持仓数
17
82% resolved已解析
Top-10 concentration前十集中度
94%
% of book占组合%
Turnover换手
LOW
23.7% per quarter每季
Median excess中位超额
-39%
buys vs SPY, since filing买入相对SPY，自申报起 · n 62
Hit rate胜率
24%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Magnificent Seven — added NVDA, META (+35.2pp of book this quarter)核心倾向：七巨头 — 本季度加仓 NVDA、META（占组合 +35.2pp）
Magnificent Seven七巨头
+35.2pp
35.2% of book held占组合持有
· 2 names标的
· AI & Technology
NVDA
META
AI InfrastructureAI 基础设施
+21.7pp
21.7% of book held占组合持有
· 1 names标的
· AI & Technology
NVDA
AI SemiconductorsAI半导体
+21.7pp
21.7% of book held占组合持有
· 1 names标的
· Semiconductors
NVDA
Quantum Computing量子计算
+21.7pp
21.7% of book held占组合持有
· 1 names标的
· AI & Technology
NVDA
Technology (Equal-Weight)信息技术（等权）
+21.7pp
22.7% of book held占组合持有
· 2 names标的
· US Sectors (EW)
NVDA
E-CommerceE-Commerce
+17.5pp
17.5% of book held占组合持有
· 1 names标的
· Software
CPNG
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 12 scored quarters已评分季度 · 8% positive为正 · recent-4 median近4季中位 -8% vs all-time对全期 -38%
Median excess by quarter各季度中位超额: ▁▃▆▃▄▁▂▁▇▅▆█ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 5 | -67% | 0% | -14% |
| 2023-09-30 | 8 | -51% | 25% | -2% |
| 2023-12-31 | 2 | -13% | 50% | +35% |
| 2024-03-31 | 6 | -44% | 33% | -13% |
| 2024-06-30 | 10 | -33% | 30% | +30% |
| 2024-09-30 | 4 | -76% | 0% | +12% |
| 2024-12-31 | 4 | -54% | 0% | -13% |
| 2025-03-31 | 6 | -75% | 17% | -3% |
| 2025-06-30 | 3 | -3% | 33% | +1% |
| 2025-09-30 | 3 | -22% | 0% | -4% |
| 2025-12-31 | 7 | -14% | 29% | -14% |
| 2026-03-31 | 4 | +3% | 75% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Unclassified
44.6%
▼ -17.8pp
Technology
22.7%
▲ +11.2pp
Communication Services
13.7%
▲ +13.6pp
Consumer Cyclical
13.1%
▲ +4.1pp
Financial
5.8%
▼ -1.2pp
Theme categories主题类别
AI & Technology 36.3%
US Sectors (EW) 13.1%
Financials 5.8%
Healthcare 0.1%
Rotating into (QoQ)轮入（环比）
Communication Services +13.6pp
Technology +11.2pp
Consumer Cyclical +4.1pp
Rotating out of (QoQ)轮出（环比）
Energy -5.3pp
Consumer Discretionary -4.4pp
Financial -1.2pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Unclassified 45% · Technology 23% · Communication Services 14% |
| 2025-12-31 | Unclassified 62% · Technology 12% · Consumer Cyclical 9% |
| 2025-09-30 | Unclassified 63% · Consumer Discretionary 11% · Financial 10% |
| 2025-06-30 | Unclassified 61% · Technology 16% · Financial 13% |
| 2025-03-31 | Unclassified 67% · Financial 11% · Technology 9% |
| 2024-12-31 | Unclassified 74% · Financial 8% · Consumer Discretionary 6% |
| 2024-09-30 | Unclassified 79% · Consumer Discretionary 8% · Technology 6% |
| 2024-06-30 | Unclassified 79% · Technology 7% · Communication Services 5% |
| 2024-03-31 | Unclassified 73% · Communication Services 8% · Financial 7% |
| 2023-12-31 | Unclassified 64% · Technology 14% · Financial 10% |
| 2023-09-30 | Unclassified 63% · Technology 15% · Communication Services 11% |
| 2023-06-30 | Unclassified 53% · Technology 21% · Communication Services 16% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。14 positions shown项持仓 · resolved已解析 14/17 (82%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA |
Nvidia Corporation | 21.7% | $650M | add | +41% | 2q | 80 · HIGH | Technology | Magnificent Seven, AI Infrastructure, AI Semiconductors | -9% |
| 2 | CPNG |
Coupang Inc | 17.5% | $526M | add | +29% | 2q | 78 · HIGH | — | E-Commerce, Grocery | +3% |
| 3 | META |
Meta Platforms Inc | 13.6% | $408M | new | — | 1q | 70 · HIGH | Communication Services | Magnificent Seven, AI Software & Platforms, Communication Services (Equal-Weight) | +7% |
| 4 |  CVNA |
Carvana Co | 13.1% | $394M | add | +28% | 3q | 78 · HIGH | Consumer Cyclical | Consumer Discretionary (Equal-Weight) | +4% |
| 5 |  XYZ |
Block Inc | 5.8% | $176M | trim | -41% | — | 50 · MODERATE | Financial | Payments & Fintech, Financials (Equal-Weight) | +14% |
| 6 |  SAIL |
Sailpoint Inc | 3.5% | $106M | hold | +0% | — | 48 · MODERATE | — | Identity IAM | — |
| 7 |  CHYM |
Chime Finl Inc | 2.7% | $81M | trim | -50% | — | 45 · MODERATE | — | — | — |
| 8 |  TTAN |
Servicetitan Inc | 2.1% | $64M | hold | +0% | — | 42 · LOW | — | — | — |
| 9 |  CCC |
Ccc Intelligent Solutions Hl | 1.8% | $55M | hold | +0% | — | 40 · LOW | — | — | — |
| 10 |  DDOG |
Datadog Inc | 1.1% | $32M | hold | +0% | — | 38 · LOW | Technology | AI Software & Platforms, Non-AI Software, Technology (Equal-Weight) | +25% |
| 11 |  ROOT |
Root Inc | 0.2% | $7M | hold | +0% | — | 20 · LOW | — | Insurance | — |
| 12 |  WLTH |
Wealthfront Corp | 0.2% | $6M | hold | +0% | — | 18 · LOW | — | — | — |
| 13 |  OSCR |
Oscar Health Inc | 0.1% | $4M | trim | -44% | — | 15 · LOW | — | Managed Care & Insurers | +22% |
| 14 |  GTM |
Zoominfo Technologies Inc | 0.1% | $4M | hold | +0% | — | 12 · LOW | Communication Services | — | -22% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (4)
| NVDA add |
21.7% | -9% |
| CPNG add |
17.5% | +3% |
| META new |
13.6% | +7% |
| CVNA add |
13.1% | +4% |
Rotated out of轮出 (9)
| XYZ trim |
-41% | +14% |
| CHYM trim |
-50% | — |
| OSCR trim |
-44% | +22% |
 CRK exit |
-100% | -14% |
 DUOL exit |
-100% | +14% |
 EXE exit |
-100% | -11% |
 MELI exit |
-100% | +19% |
 NAVN exit |
-100% | +38% |
 PDD exit |
-100% | -11% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。