Sands Capital Management, LLC
- SEC CIK
- 0001020066
- Latest filing
- Aug 13, 2026
Holdings in Q2 2025
Holdings as of Jun 30, 2025, filed Aug 13, 2025. Long positions only; changes compare share counts with Q1 2025.
- Positions
- 66
- −9 vs. Q1 2025
- Portfolio value
- $34.8B
- +$5.44B (+18.5%) vs. Q1 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NVDANVIDIA Corp | Stock | 21,557,208 | $3.41B | 9.8% | +1,631,025+8.2% | Added | History |
| AMZNAmazon Com Inc | Stock | 9,230,023 | $2.02B | 5.8% | −1,864,520−16.8% | Reduced | History |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | ADR | 8,552,278 | $1.94B | 5.6% | +524,960+6.5% | Added | History |
| NFLXNetflix Inc | Stock | 1,131,679 | $1.52B | 4.4% | −335,795−22.9% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 2,954,745 | $1.47B | 4.2% | +306,497+11.6% | Added | History |
| NOWServiceNow, Inc. | Stock | 1,408,333 | $1.45B | 4.2% | −49,645−3.4% | Reduced | History |
| VVisa Inc. | Stock | 4,030,104 | $1.43B | 4.1% | +217,062+5.7% | Added | History |
| MELIMercadolibre Inc | COM | 513,532 | $1.34B | 3.9% | −98,467−16.1% | Reduced | History |
| AXONAxon Enterprise, Inc. | COM | 1,611,295 | $1.33B | 3.8% | −288,527−15.2% | Reduced | History |
| DASHDoorDash, Inc. | Stock | 4,792,181 | $1.18B | 3.4% | −714,840−13.0% | Reduced | History |
| SPOTSpotify Technology S.A. | Stock | 1,354,803 | $1.04B | 3.0% | −433,747−24.3% | Reduced | History |
| ICEIntercontinental Exchange, Inc. | Stock | 5,313,039 | $974.8M | 2.8% | +2,620,310+97.3% | Added | History |
| NETCloudflare, Inc. | CL A COM | 4,928,874 | $965.2M | 2.8% | −1,498,572−23.3% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 1,306,041 | $964.0M | 2.8% | −201,721−13.4% | Reduced | History |
| SESea Ltd | SPONSORD ADS | 5,678,005 | $908.1M | 2.6% | −1,139,989−16.7% | Reduced | History |
| DXCMDexcom Inc | COM | 9,947,944 | $868.4M | 2.5% | −466,212−4.5% | Reduced | History |
| SHOPShopify Inc. | Stock | 7,492,615 | $864.3M | 2.5% | −4,653,206−38.3% | Reduced | History |
| IOTSamsara Inc. | Stock | 19,276,210 | $766.8M | 2.2% | +2,833,049+17.2% | Added | History |
| NUNu Holdings Ltd. | ORD SHS CL A | 54,504,428 | $747.8M | 2.1% | +3,060,463+5.9% | Added | History |
| XYZBlock, Inc. | CL A | 10,340,740 | $702.4M | 2.0% | +1,808,909+21.2% | Added | History |
| FLUTFlutter Entertainment plc | SHS | 2,121,637 | $606.3M | 1.7% | −73,634−3.4% | Reduced | History |
| GOOGLAlphabet Inc. | Stock | 3,085,879 | $543.8M | 1.6% | −263,848−7.9% | Reduced | History |
| TEAMAtlassian Corp | CL A | 2,588,723 | $525.7M | 1.5% | −1,329,865−33.9% | Reduced | History |
| AVGOBroadcom Inc. | Stock | 1,843,327 | $508.1M | 1.5% | +422,457+29.7% | Added | History |
| IRTCiRhythm Holdings, Inc. | COM | 2,915,527 | $448.9M | 1.3% | −100,680−3.3% | Reduced | History |
| ASMLASML Holding NV | ADR | 530,562 | $425.2M | 1.2% | −26,866−4.8% | Reduced | History |
| ISRGIntuitive Surgical Inc | COM NEW | 757,570 | $411.7M | 1.2% | +213,494+39.2% | Added | History |
| RBLXRoblox Corp | Stock | 3,586,543 | $377.3M | 1.1% | −419,787−10.5% | Reduced | History |
| DDOGDatadog, Inc. | CL A COM | 2,772,015 | $372.4M | 1.1% | −143,461−4.9% | Reduced | History |
| CPNGCoupang, Inc. | CL A | 11,999,721 | $359.5M | 1.0% | −80,763−0.7% | Reduced | History |
| AJGArthur J. Gallagher & Co. | COM | 1,121,249 | $358.9M | 1.0% | +918,618+453.3% | Added | History |
| CVNACarvana Co. | CL A | 901,227 | $303.7M | 0.9% | +840,096+1,374.3% | Added | History |
| APPAppLovin Corp | COM CL A | 817,346 | $286.1M | 0.8% | −1,240,847−60.3% | Reduced | History |
| ONONOn Holding AG | Stock | 4,614,347 | $240.2M | 0.7% | +4,614,347 | New | History |
| HDBHDFC Bank Ltd | SPONSORED ADS | 2,883,335 | $221.1M | 0.6% | −27,855−1.0% | Reduced | History |
| WCNWaste Connections, Inc. | COM | 1,120,082 | $209.1M | 0.6% | +11,678+1.1% | Added | History |
| FWONKLiberty Media Corp | COM LBTY ONE S C | 1,911,033 | $199.7M | 0.6% | −8,196−0.4% | Reduced | History |
| TTEKTetra Tech Inc | COM | 5,200,335 | $187.0M | 0.5% | +1,089,599+26.5% | Added | History |
| ROPRoper Technologies Inc | Stock | 327,846 | $185.8M | 0.5% | +1,734+0.5% | Added | History |
| CSLCarlisle Companies Inc | COM | 426,360 | $159.2M | 0.5% | +426,360 | New | History |
| RGENRepligen Corp | COM | 1,251,088 | $155.6M | 0.4% | −43,108−3.3% | Reduced | History |
| RAREUltragenyx Pharmaceutical Inc. | COM | 3,943,485 | $143.4M | 0.4% | −220,076−5.3% | Reduced | History |
| KSPIJoint Stock Co Kaspi.kz | SPONSORED ADS | 1,682,013 | $142.8M | 0.4% | +370,556+28.3% | Added | History |
| TDGTransDigm Group INC | COM | 86,900 | $132.1M | 0.4% | +1,014+1.2% | Added | History |
| VGVenture Global, Inc. | COM CL A | 7,854,539 | $122.4M | 0.4% | −678,369−8.0% | Reduced | History |
| RACEFerrari N.V. | COM | 243,717 | $119.6M | 0.3% | −2,352−1.0% | Reduced | History |
| BLDRBuilders FirstSource, Inc. | Stock | 1,016,773 | $118.6M | 0.3% | −34,771−3.3% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 603,385 | $107.0M | 0.3% | −20,799−3.3% | Reduced | History |
| MCKMcKesson Corp | Stock | 145,867 | $106.9M | 0.3% | +54,117+59.0% | Added | History |
| CHTRCharter Communications, Inc. | CL A | 242,432 | $99.1M | 0.3% | +2,828+1.2% | Added | History |
| CDNSCadence Design Systems Inc | Stock | 308,191 | $95.0M | 0.3% | +3,472+1.1% | Added | History |
| GRABGrab Holdings Ltd | CLASS A ORD | 18,757,824 | $94.4M | 0.3% | −719,253−3.7% | Reduced | History |
| APHAmphenol Corp | CL A | 940,121 | $92.8M | 0.3% | +10,969+1.2% | Added | History |
| SAPSAP SE | ADR | 289,386 | $88.0M | 0.3% | +66,354+29.8% | Added | History |
| YMMFull Truck Alliance Co. Ltd. | SPONSORED ADS | 6,926,596 | $81.8M | 0.2% | −3,323,696−32.4% | Reduced | History |
| GLOBGlobant S.A. | COM | 869,376 | $79.0M | 0.2% | −33,159−3.7% | Reduced | History |
| LINLinde PLC | Stock | 86,662 | $40.7M | 0.1% | −2,626−2.9% | Reduced | History |
| KVYOKlaviyo, Inc. | COM SER A | 1,109,069 | $37.2M | 0.1% | +136,320+14.0% | Added | History |
| MNDYmonday.com Ltd. | SHS | 116,591 | $36.7M | 0.1% | +1,550+1.3% | Added | History |
| PANWPalo Alto Networks Inc | Stock | 154,863 | $31.7M | 0.1% | +154,863 | New | History |
| OKTAOkta, Inc. | CL A | 300,517 | $30.0M | 0.1% | −58,204−16.2% | Reduced | History |
| CRWDCrowdStrike Holdings, Inc. | Stock | 45,021 | $22.9M | 0.1% | +604+1.4% | Added | History |
| ICLRIcon PLC | COM | 91,550 | $13.3M | <0.1% | −2,774−2.9% | Reduced | History |
| STVNStevanato Group S.p.A. | ORD SHS | 464,635 | $11.4M | <0.1% | −20,841−4.3% | Reduced | History |
| GTLBGitlab Inc. | CLASS A COM | 127,475 | $5.75M | <0.1% | 00.0% | Unchanged | History |
| SNOWSnowflake Inc. | Stock | 11,960 | $2.68M | <0.1% | −584,483−98.0% | Reduced | History |
Sold out since Q1 2025 (12)
Positions held at the end of Q1 2025 that are gone from this filing.
| Security | Class | Shares in Q1 2025 | Value in Q1 2025 | % of portfolio in Q1 2025 | History |
|---|---|---|---|---|---|
| UBERUber Technologies, Inc | Stock | 3,913,222 | $285.1M | 1.0% | History |
| NKENIKE, Inc. | Stock | 3,754,580 | $238.3M | 0.8% | History |
| HTHTH World Group Ltd | SPONSORED ADS | 3,587,089 | $132.8M | 0.5% | History |
| ABNBAirbnb, Inc. | Stock | 950,809 | $113.6M | 0.4% | History |
| UNHUnitedHealth Group Inc | Stock | 174,787 | $91.5M | 0.3% | History |
| AAPLApple Inc. | Stock | 355,649 | $79.0M | 0.3% | History |
| BZKanzhun Ltd | SPONSORED ADS | 3,934,331 | $75.4M | 0.3% | History |
| GLBEGlobal-E Online Ltd. | SHS | 522,035 | $18.6M | 0.1% | History |
| iShares Russell 1000 Growth ETF464287614 | ETF | 26,465 | $9.56M | <0.1% | – |
| EWEdwards Lifesciences Corp | Stock | 19,244 | $1.39M | <0.1% | History |
| ENTGEntegris Inc | COM | 11,172 | $977.3K | <0.1% | History |
| PATHUiPath, Inc. | Stock | 44,642 | $459.8K | <0.1% | History |