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Livermore
Livermore
ZHEN

Sands Capital Management, LLC

SEC CIK
0001020066
Latest filing
Aug 13, 2026

The latest 13F from Sands Capital Management, LLC covers Q2 2026 (filed Aug 13, 2026): 71 long positions worth $26.9B. The top 10 holdings make up 47.6% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 10.4%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
13
Est. +$2.29B
Added
14
Est. +$898.7M
Reduced
43
Est. −$5.33B
Sold out
9
Est. −$612.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    10.4%$2.81BHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    7.0%$1.87BHistory
  3. GOOGLAlphabet Inc.
    6.5%$1.75BHistory
  4. AMZNAmazon Com Inc
    4.3%$1.16BHistory
  5. ASMLASML Holding NV
    3.9%$1.06BHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$608.1MNewHistory
  2. AMDAdvanced Micro Devices Inc
    +$390.7MNewHistory
  3. SPCXSpace Exploration Technologies Corp
    +$389.0MNewHistory
  4. SNDKSandisk Corp
    +$348.1MNewHistory
  5. BEBloom Energy Corp
    +$347.4MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BEBloom Energy Corp
    +2.34 pp0.9% → 3.3%History
  2. MUMicron Technology Inc
    +2.26 pp0.0% → 2.3%History
  3. STXSeagate Technology Holdings plc
    +1.77 pp0.8% → 2.6%History
  4. AMDAdvanced Micro Devices Inc
    +1.45 pp0.0% → 1.5%History
  5. SPCXSpace Exploration Technologies Corp
    +1.44 pp0.0% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$925.2MReducedHistory
  2. NVDANVIDIA Corp
    −$805.6MReducedHistory
  3. AMZNAmazon Com Inc
    −$442.8MReducedHistory
  4. DASHDoorDash, Inc.
    −$301.0MReducedHistory
  5. NUNu Holdings Ltd.
    −$292.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NFLXNetflix Inc
    −2.14 pp3.6% → 1.4%History
  2. NVDANVIDIA Corp
    −1.93 pp12.4% → 10.4%History
  3. NUNu Holdings Ltd.
    −1.32 pp1.9% → 0.6%History
  4. AMZNAmazon Com Inc
    −1.19 pp5.5% → 4.3%History
  5. SHOPShopify Inc.
    −1.09 pp4.2% → 3.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$26.9B
+$1.44B (+5.7%) vs. prior quarter
Positions
71
+4 vs. prior quarter
Top 10 concentration
47.6%
Top 10 as share of value
Turnover
12.2%
Q2 2026, one quarter
Average holding period
14.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $60.0B (Q3 2021)

Q1 2021: $51.7BQ2 2021: $59.0BQ3 2021: $60.0BQ4 2021: $53.9BQ1 2022: $43.5BQ2 2022: $28.9BQ3 2022: $26.6BQ4 2022: $26.5BQ1 2023: $30.4BQ2 2023: $32.2BQ3 2023: $29.4BQ4 2023: $32.9BQ1 2024: $35.8BQ2 2024: $34.0BQ3 2024: $32.9BQ4 2024: $33.8BQ1 2025: $29.4BQ2 2025: $34.8BQ3 2025: $36.2BQ4 2025: $32.9BQ1 2026: $25.5BQ2 2026: $26.9B
Q1 2021Q2 2026
13F filings of Sands Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202671$26.9BNVDATSMGOOGLvs. Q1 2026SEC
Q1 2026May 8, 202667$25.5BNVDATSMGOOGLvs. Q4 2025SEC
Q4 2025Feb 13, 202666$32.9BNVDATSMAMZNvs. Q3 2025SEC
Q3 2025Nov 13, 202564$36.2BNVDATSMAMZNvs. Q2 2025SEC
Q2 2025Aug 13, 202566$34.8BNVDAAMZNTSMvs. Q1 2025SEC
Q1 2025May 14, 202575$29.4BNVDAAMZNNFLXvs. Q4 2024SEC
Q4 2024Feb 13, 202571$33.8BNVDAAMZNNOWvs. Q3 2024SEC
Q3 2024Nov 13, 202467$32.9BNVDAAMZNASMLvs. Q2 2024SEC
Q2 2024Aug 13, 202466$34.0BNVDAAMZNASMLvs. Q1 2024SEC
Q1 2024May 14, 202476$35.8BNVDAAMZNASMLvs. Q4 2023SEC
Q4 2023Feb 13, 202474$32.9BAMZNDXCMVvs. Q3 2023SEC
Q3 2023Nov 14, 202375$29.4BAMZNVNVDAvs. Q2 2023SEC
Q2 2023Aug 15, 202366$32.2BVAMZNDXCMvs. Q1 2023SEC
Q1 2023May 12, 202366$30.4BVDXCMAMZNvs. Q4 2022SEC
Q4 2022Feb 13, 202367$26.5BVDXCMAMZNvs. Q3 2022SEC
Q3 2022Nov 9, 202267$26.6BVAMZNDXCMvs. Q2 2022SEC
Q2 2022Aug 12, 202269$28.9BVAMZNSEvs. Q1 2022SEC
Q1 2022May 13, 202268$43.5BAMZNVSEvs. Q4 2021SEC
Q4 2021Feb 11, 202271$53.9BSEVAMZNvs. Q3 2021SEC
Q3 2021Nov 3, 202171$60.0BSENFLXVvs. Q2 2021SEC
Q2 2021Aug 16, 202177$59.0BSEVNFLXvs. Q1 2021SEC
Q1 2021May 17, 2021Amended75$51.7BSEVNFLX–SEC

13D and 13G filings

Companies where Sands Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Sands Capital Management, LLC does not currently report owning 5% or more of any company.

Latest filings

42 filings on file made by Sands Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Sands Capital Management, LLC
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
IOTSamsara Inc.May 8, 20263:03 PM ETSands Capital Management, LLCand 3 others13G/A4.40%16.2M shares−1.70 ppfrom 6.10%Below 5%Mar 31, 2026SEC
IRTCiRhythm Holdings, Inc.May 8, 20262:59 PM ETSands Capital Management, LLCand 1 other13G/A0.00%0 shares−5.30 ppfrom 5.30%Below 5%Mar 31, 2026SEC
IRTCiRhythm Holdings, Inc.Feb 13, 202611:25 AM ETSands Capital Management, LLCand 1 other13G/A5.30%1.70M shares−1.60 ppfrom 6.90%Dec 31, 2025SEC
IOTSamsara Inc.Nov 13, 20252:42 PM ETSands Capital Management, LLCand 3 others13G/A6.10%21.1M shares−0.50 ppfrom 6.60%Sep 30, 2025SEC
IRTCiRhythm Holdings, Inc.Nov 13, 20252:34 PM ETSands Capital Management, LLCand 1 other13G/A6.90%2.24M shares–Sep 30, 2025SEC
IOTSamsara Inc.Jul 8, 202510:15 AM ETSands Capital Management, LLCand 3 others13G/A6.60%19.7M shares+1.00 ppfrom 5.60%Jun 30, 2025SEC
KVYOKlaviyo, Inc.May 14, 20255:36 PM ETSands Capital Ventures, LLCand 5 others13G/A4.90%4.42M shares–Below 5%Mar 31, 2025SEC
IOTSamsara Inc.May 14, 20255:15 PM ETSands Capital Management, LLCand 1 other13G5.60%16.7M sharesNewMar 31, 2025SEC
RAREUltragenyx Pharmaceutical Inc.Feb 12, 202511:42 AM ETSands Capital Management, LLCand 1 other13G/A4.70%4.30M shares–Below 5%Dec 31, 2024SEC
OKTAOkta, Inc.Feb 12, 202511:31 AM ETSands Capital Management, LLCand 1 other13G/A0.30%457.6K shares–Below 5%Dec 31, 2024SEC
ENTGEntegris IncFeb 12, 202511:15 AM ETSands Capital Management, LLCand 1 other13G/A4.80%7.21M shares–Below 5%Dec 31, 2024SEC
STVNStevanato Group S.p.A.Nov 14, 2024Sands Capital Management, LLC13G/AOld format–––SEC
IRTCiRhythm Holdings, Inc.Nov 7, 2024Sands Capital Management, LLC13G/AOld format–––SEC
OKTAOkta, Inc.Feb 13, 2024Sands Capital Management, LLC13GOld format–New–SEC
IRTCiRhythm Holdings, Inc.Feb 13, 2024Sands Capital Management, LLC13G/AOld format–––SEC
ENTGEntegris IncFeb 13, 2024Sands Capital Management, LLC13GOld format–New–SEC
NETCloudflare, Inc.Feb 13, 2024Sands Capital Management, LLC13G/AOld format–––SEC
STVNStevanato Group S.p.A.Feb 13, 2024Sands Capital Management, LLC13GOld format–New–SEC
RAREUltragenyx Pharmaceutical Inc.Feb 13, 2024Sands Capital Management, LLC13GOld format–New–SEC
WMGWarner Music Group Corp.Jul 10, 2023Sands Capital Management, LLC13G/AOld format–––SEC