Dragoneer Investment Group, LLC Diversified Active

CIK: 0001602189 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $4,585,865 (100.0% shares, 0.0% debt)

Holdings (27)

New Positions (5)

EXE EXPAND ENERGY CORPORATION 3.2%

Value ($000) $145,633 Shares 1,319,618 Est. Cost $110.64 Unrealized 0.0%

CRK COMSTOCK RES INC 2.2%

Value ($000) $99,632 Shares 4,298,202 Est. Cost $22.04 Unrealized 0.0%

NAVN NAVAN INC 0.8%

Value ($000) $35,791 Shares 2,095,507 Est. Cost $15.89 Unrealized 0.0%

MDLN MEDLINE INC 0.5%

Value ($000) $22,050 Shares 525,000 Est. Cost $42.23 Unrealized 0.0%

WLTH WEALTHFRONT CORP 0.2%

Value ($000) $8,892 Shares 654,338 Est. Cost $13.20 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EXE	EXPAND ENERGY CORPORATION	1,319,618	$145,633	3.2%	$110.64	0.0%	COM	165167735
CRK	COMSTOCK RES INC	4,298,202	$99,632	2.2%	$22.04	0.0%	COM	205768302
NAVN	NAVAN INC	2,095,507	$35,791	0.8%	$15.89	0.0%	CL A	639193101
MDLN	MEDLINE INC	525,000	$22,050	0.5%	$42.23	0.0%	COM CL A	58507V107
WLTH	WEALTHFRONT CORP	654,338	$8,892	0.2%	$13.20	0.0%	COM	947002101

Increased Positions (4)

CVNA CARVANA CO 9.0%

Value ($000) $413,352 (+61.4%) Shares 979,460 (+44.3%) Est. Cost $361.94 Unrealized +2.7%

NVDA NVIDIA CORPORATION 10.8%

Value ($000) $493,924 (+27.4%) Shares 2,648,387 (+27.4%) Est. Cost $138.80 Unrealized +34.1%

MELI MERCADOLIBRE INC 7.0%

Value ($000) $322,670 (+33.6%) Shares 160,193 (+55.0%) Est. Cost $2294.06 Unrealized -8.4%

CPNG COUPANG INC 11.1%

Value ($000) $508,991 (+7.8%) Shares 21,576,556 (+47.1%) Est. Cost $22.30 Unrealized +27.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	979,460 (+44.3%)	$413,352 (+61.4%)	9.0%	$361.94	+2.7%	CL A	146869102
NVDA	NVIDIA CORPORATION	2,648,387 (+27.4%)	$493,924 (+27.4%)	10.8%	$138.80	+34.1%	COM	67066G104
MELI	MERCADOLIBRE INC	160,193 (+55.0%)	$322,670 (+33.6%)	7.0%	$2294.06	-8.4%	COM	58733R102
CPNG	COUPANG INC	21,576,556 (+47.1%)	$508,991 (+7.8%)	11.1%	$22.30	+27.6%	CL A	22266T109

Exited Positions (4)

FLNC FLUENCE ENERGY INC 1.4%

Value ($000) $65,883 Shares 6,100,265 Est. Cost $8.36 Unrealized +125.5%

STUB STUBHUB HLDGS INC 0.2%

Value ($000) $7,166 Shares 425,531 Est. Cost $18.34 Unrealized -14.3%

PTRN PATTERN GROUP INC 0.1%

Value ($000) $6,709 Shares 489,700 Est. Cost $13.94 Unrealized +4.5%

ARX ACCELERANT HOLDINGS 0.1%

Value ($000) $5,008 Shares 336,361 Est. Cost $23.42 Unrealized -39.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLNC	FLUENCE ENERGY INC	6,100,265	$65,883	1.4%	$8.36	+125.5%	—	34379V103
STUB	STUBHUB HLDGS INC	425,531	$7,166	0.2%	$18.34	-14.3%	—	86384P109
PTRN	PATTERN GROUP INC	489,700	$6,709	0.1%	$13.94	+4.5%	—	70339W104
ARX	ACCELERANT HOLDINGS	336,361	$5,008	0.1%	$23.42	-39.9%	—	G00894108

Decreased Positions (5)

DUOL DUOLINGO INC 4.4%

Value ($000) $203,560 (-60.0%) Shares 1,159,887 (-26.6%) Est. Cost $308.86 Unrealized -23.7%

XYZ BLOCK INC 7.1%

Value ($000) $324,028 (-31.5%) Shares 4,978,155 (-24.0%) Est. Cost $73.08 Unrealized -5.6%

GEMI GEMINI SPACE STA INC 0.2%

Value ($000) $8,035 (-79.3%) Shares 810,000 (-50.0%) Est. Cost $25.81 Unrealized -39.6%

GLBE GLOBAL E ONLINE LTD 9.7%

Value ($000) $446,759 (+5.1%) Shares 11,365,028 (-4.4%) Est. Cost $30.58 Unrealized +21.3%

OSCR OSCAR HEALTH INC 0.2%

Value ($000) $9,447 (-62.9%) Shares 657,435 (-51.2%) Est. Cost $8.07 Unrealized +114.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DUOL	DUOLINGO INC	1,159,887 (-26.6%)	$203,560 (-60.0%)	4.4%	$308.86	-23.7%	CL A COM	26603R106
XYZ	BLOCK INC	4,978,155 (-24.0%)	$324,028 (-31.5%)	7.1%	$73.08	-5.6%	CL A	852234103
GEMI	GEMINI SPACE STA INC	810,000 (-50.0%)	$8,035 (-79.3%)	0.2%	$25.81	-39.6%	CL A COM	36866J105
GLBE	GLOBAL E ONLINE LTD	11,365,028 (-4.4%)	$446,759 (+5.1%)	9.7%	$30.58	+21.3%	SHS	M5216V106
OSCR	OSCAR HEALTH INC	657,435 (-51.2%)	$9,447 (-62.9%)	0.2%	$8.07	+114.3%	CL A	687793109

Unchanged Positions (13)

KLAR KLARNA GROUP PLC 5.2%

Value ($000) $239,479 Shares 8,283,616 Est. Cost $42.59 Unrealized -19.4%

CHYM CHIME FINL INC 4.7%

Value ($000) $215,175 Shares 8,548,884 Est. Cost $32.95 Unrealized -35.5%

PDD PDD HOLDINGS INC 4.5%

Value ($000) $208,119 Shares 1,835,428 Est. Cost $109.96 Unrealized —

SAIL SAILPOINT INC 3.5%

Value ($000) $161,840 Shares 8,000,000 Est. Cost $21.79 Unrealized -4.3%

CCC CCC INTELLIGENT SOLUTIONS HL 1.6%

Value ($000) $73,111 Shares 9,196,301 Est. Cost $10.62 Unrealized -23.4%

— JAMF HLDG CORP 1.2%

Value ($000) $56,311 Shares 4,328,286 Est. Cost $36.29 Unrealized —

FIG FIGMA INC 0.4%

Value ($000) $16,113 Shares 431,165 Est. Cost $68.66 Unrealized -34.2%

TTAN SERVICETITAN INC 2.3%

Value ($000) $106,594 Shares 1,000,885 Est. Cost $104.38 Unrealized -6.4%

NU NU HLDGS LTD 1.8%

Value ($000) $82,935 Shares 4,954,299 Est. Cost $9.82 Unrealized +63.7%

ROOT ROOT INC 0.2%

Value ($000) $11,147 Shares 154,320 Est. Cost $15.65 Unrealized +408.9%

DDOG DATADOG INC 0.8%

Value ($000) $36,962 Shares 271,800 Est. Cost $104.65 Unrealized +51.0%

— DAYFORCE INC 7.2%

Value ($000) $328,499 Shares 4,749,842 Est. Cost $57.67 Unrealized +19.3%

GTM ZOOMINFO TECHNOLOGIES INC 0.1%

Value ($000) $6,814 Shares 670,000 Est. Cost $37.43 Unrealized -72.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KLAR	KLARNA GROUP PLC	8,283,616	$239,479	5.2%	$42.59	-19.4%	SHS	G5279N105
CHYM	CHIME FINL INC	8,548,884	$215,175	4.7%	$32.95	-35.5%	COM SHS CL A	16935C109
PDD	PDD HOLDINGS INC	1,835,428	$208,119	4.5%	$109.96	—	SPONSORED ADS	722304102
SAIL	SAILPOINT INC	8,000,000	$161,840	3.5%	$21.79	-4.3%	COM	78781J109
CCC	CCC INTELLIGENT SOLUTIONS HL	9,196,301	$73,111	1.6%	$10.62	-23.4%	COM	12510Q100
—	JAMF HLDG CORP	4,328,286	$56,311	1.2%	$36.29	—	COM	47074L105
FIG	FIGMA INC	431,165	$16,113	0.4%	$68.66	-34.2%	CLASS A COM STK	316841105
TTAN	SERVICETITAN INC	1,000,885	$106,594	2.3%	$104.38	-6.4%	SHS CL A	81764X103
NU	NU HLDGS LTD	4,954,299	$82,935	1.8%	$9.82	+63.7%	ORD SHS CL A	G6683N103
ROOT	ROOT INC	154,320	$11,147	0.2%	$15.65	+408.9%	CL A NEW	77664L207
DDOG	DATADOG INC	271,800	$36,962	0.8%	$104.65	+51.0%	CL A COM	23804L103
—	DAYFORCE INC	4,749,842	$328,499	7.2%	$57.67	+19.3%	COM	15677J108
GTM	ZOOMINFO TECHNOLOGIES INC	670,000	$6,814	0.1%	$37.43	-72.5%	COMMON STOCK	98980F104