Sands Capital – Sands Capital Management LLC

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
67
Portfolio value:
$25,486,826,000
Filed:
May 8, 2026
Style:
Concentrated Large-Cap Growth
HistStockActivityShare change% change to portfolio
Q1 2026filed May 8, 269 new5 added36 reduced8 exited
NOWSERVICENOW INCReduce 99.00%−3,811,3931.78
APPAPPLOVIN CORPReduce 34.00%−491,7901.48
TSMTAIWAN SEMICONDUCTOR MANUFACReduce 14.00%−963,4901.46
MSFTMICROSOFT CORPReduce 38.00%−940,6451.41
NVDANVIDIA CORPORATIONReduce 10.00%−1,957,8291.00
BEBLOOM ENERGY CORPBuy1,779,0380.95
IRTCIRHYTHM TECHNOLOGIES INCSell−1,699,6450.92
STXSEAGATE TECHNOLOGY HLDNGS PLBuy531,8920.82
SPOTSPOTIFY TECHNOLOGY S AAdd 22.00%324,3780.82
DASHDOORDASH INCReduce 12.00%−539,5470.77
NFLXNETFLIX INC.Reduce 6.00%−608,4200.69
CRSCARPENTER TECHNOLOGY CORPAdd 32.00%201,5930.68
LRCXLAM RESEARCH CORPBuy755,2220.63
PWRQUANTA SVCS INCAdd 9.00%49,4520.61
SESEA LTDReduce 14.00%−772,4630.60
HDBHDFC BANK LTDReduce 85.00%−5,209,7100.59
CVNACARVANA COReduce 13.00%−325,2860.52
AVGOBROADCOM INCReduce 34.00%−711,6860.52
SHOPSHOPIFY INCReduce 6.00%−570,3700.50
ROPROPER TECHNOLOGIES INCSell−287,3180.39
NUNU HLDGS LTDReduce 23.00%−10,081,6740.33
SAPSAP SESell−394,1170.29
AMZNAMAZON COM INCReduce 10.00%−720,9570.27
MCKMCKESSON CORPAdd 16.00%27,0150.25
CDNSCADENCE DESIGN SYSTEM INCSell−252,0080.24
AJGGALLAGHER ARTHUR J & COSell−244,2550.19
RBLXROBLOX CORPReduce 14.00%−456,6980.18
GLOBGLOBANT S ASell−770,5600.15
XYZBLOCK INCReduce 7.00%−419,0480.13
LLYELI LILLY & COBuy32,8870.12
IOTSAMSARA INCReduce 18.00%−3,465,5740.12
WCNWASTE CONNECTIONS INCReduce 34.00%−330,9770.11
FWONALIBERTY MEDIA CORP DELReduce 25.00%−522,7530.10
MELIMERCADOLIBRE INCReduce 7.00%−34,1900.10
TEAMATLASSIAN CORPORATIONReduce 90.00%−122,2530.06
CPNGCOUPANG INCReduce 11.00%−1,147,4780.06
BSXBOSTON SCIENTIFIC CORPReduce 9.00%−69,0550.05
KVYOKLAVIYO INCReduce 36.00%−333,5950.05
GRABGRAB HOLDINGS LIMITEDReduce 19.00%−2,121,6230.04
APHAMPHENOL CORPReduce 8.00%−73,4020.04
YMMFULL TRUCK ALLIANCE CO LTDReduce 19.00%−1,152,9890.04
RACEFERRARI N VReduce 7.00%−22,2740.03
LINLINDE PLCReduce 8.00%−4,6210.03
DDOGDATADOG INCReduce 7.00%−107,4340.03
DUOLDUOLINGO INCSell−39,9750.02
RAREULTRAGENYX PHARMACEUTICAL INReduce 8.00%−271,1910.02
ETHBISHARES TRSell−8,2150.01
TDGTRANSDIGM GROUP INCReduce 9.00%−8,8380.01
VVISA INCReduce 10.00%−319,6980.01
SNOWSNOWFLAKE INCReduce 65.00%−7,7820.01
ICEINTERCONTINENTAL EXCHANGE INReduce 20.00%−1,118,5980.01
AAPLAPPLE INCBuy3,2190.00
PLTRPALANTIR TECHNOLOGIES INCAdd 16.00%3,0790.00
KSPIKASPI KZ JSCReduce 19.00%−362,4270.00
ANETARISTA NETWORKS INCBuy2,6980.00
HOODROBINHOOD MKTS INCBuy3,7460.00
AVAVAEROVIRONMENT INCBuy1,3420.00
LITELUMENTUM HLDGS INCBuy3120.00
Q4 2025filed Feb 13, 266 new18 added27 reduced4 exited
SHOPSHOPIFY INCAdd 37.00%2,568,7651.81
CVNACARVANA COAdd 44.00%751,0191.38
NOWSERVICENOW INCAdd 208.00%2,596,6371.37
XYZBLOCK INCReduce 49.00%−5,673,1741.14
TEAMATLASSIAN CORPORATIONReduce 95.00%−2,505,1961.10
APPAPPLOVIN CORPAdd 44.00%446,3920.98
DXCMDEXCOM INCSell−4,934,1890.92
ARGXARGENX SEAdd 2047.00%340,2450.88
NFLXNETFLIX INCAdd 794.00%8,902,4300.85
TSMTAIWAN SEMICONDUCTOR MFG LTDReduce 26.00%−2,425,7140.82
ASMLASML HOLDING N VAdd 27.00%140,8210.77
AJGGALLAGHER ARTHUR J & COReduce 78.00%−849,8150.74
PWRQUANTA SVCS INCBuy576,8960.74
ORCLORACLE CORPSell−936,0430.73
CRSCARPENTER TECHNOLOGY CORPBuy621,6840.60
RBLXROBLOX CORPReduce 8.00%−293,0890.54
VVISA INCReduce 23.00%−936,9040.50
MSFTMICROSOFT CORPReduce 14.00%−394,8690.46
VGVENTURE GLOBAL INCSell−7,484,0700.29
METAMETA PLATFORMS INCReduce 10.00%−133,1930.29
SESEA LTDAdd 13.00%617,8460.27
CPNGCOUPANG INCReduce 6.00%−704,5120.24
BSXBOSTON SCIENTIFIC CORPBuy805,1640.23
CSLCARLISLE COS INCAdd 14.00%118,1390.17
IRTCIRHYTHM TECHNOLOGIES INCReduce 24.00%−536,4650.14
AMZNAMAZON COM INCReduce 12.00%−973,9870.13
DDOGDATADOG INCReduce 20.00%−380,8800.12
MCKMCKESSON CORPAdd 11.00%17,1220.10
ROPROPER TECHNOLOGIES INCReduce 18.00%−64,4570.09
KSPIKASPI KZ JSCAdd 19.00%304,5210.09
APHAMPHENOL CORP NEWAdd 11.00%83,7700.09
CDNSCADENCE DESIGN SYSTEM INCReduce 24.00%−79,8790.08
DASHDOORDASH INCAdd 12.00%473,3160.08
TDGTRANSDIGM GROUP INCAdd 11.00%9,8830.08
AXONAXON ENTERPRISE INCAdd 12.00%167,0950.08
RAREULTRAGENYX PHARMACEUTICAL INReduce 8.00%−284,1290.07
MNDYMONDAY COM LTDSell−116,2130.06
WCNWASTE CONNECTIONS INCReduce 18.00%−217,3140.06
BLDRBUILDERS FIRSTSOURCE INCAdd 13.00%327,0670.05
IOTSAMSARA INCReduce 7.00%−1,395,0140.05
YMMFULL TRUCK ALLIANCE CO LTDReduce 10.00%−643,0870.04
GRABGRAB HOLDINGS LIMITEDReduce 10.00%−1,246,9300.04
LINLINDE PLCReduce 30.00%−25,1530.03
SAPSAP SEReduce 10.00%−46,1530.03
NUNU HLDGS LTDReduce 12.00%−6,138,2670.03
DUOLDUOLINGO INCReduce 16.00%−7,6970.02
GLOBGLOBANT S AReduce 9.00%−77,7020.02
PANWPALO ALTO NETWORKS INCReduce 16.00%−31,6560.02
ETHBISHARES TRBuy8,2150.01
RACEFERRARI N VAdd 23.00%58,2850.01
FIGFIGMA INCReduce 16.00%−36,9700.01
PLTRPALANTIR TECHNOLOGIES INCBuy19,8400.01
KVYOKLAVIYO INCReduce 16.00%−176,8040.01
BABAALIBABA GROUP HLDG LTDBuy7,5110.00
STVNSTEVANATO GROUP S P AAdd 6.00%28,0750.00
Q3 2025filed Nov 13, 254 new23 added14 reduced6 exited
GOOGLALPHABET INCAdd 55.00%1,685,2181.64
DXCMDEXCOM INCReduce 50.00%−5,013,7551.58
TSMTAIWAN SEMICONDUCTOR MFG LTDAdd 8.00%699,6111.57
APPAPPLOVIN CORPAdd 24.00%199,6131.19
NOWSERVICENOW INCReduce 12.00%−162,0560.99
AXONAXON ENTERPRISE INCReduce 10.00%−168,9540.97
CVNACARVANA COAdd 88.00%790,2880.89
ORCLORACLE CORPBuy936,0430.73
AMZNAMAZON COM INCReduce 9.00%−816,0240.72
NETCLOUDFLARE INCReduce 23.00%−1,120,5550.52
ISRGINTUITIVE SURGICAL INCAdd 77.00%583,5390.47
BLDRBUILDERS FIRSTSOURCE INCAdd 139.00%1,414,1290.47
RGENREPLIGEN CORPSell−1,251,0880.45
AVGOBROADCOM INCAdd 12.00%217,2970.42
DASHDOORDASH INCReduce 16.00%−768,8900.37
SHOPSHOPIFY INCReduce 7.00%−555,3440.36
DDOGDATADOG INCReduce 32.00%−877,3350.32
CSLCARLISLE COS INCAdd 99.00%423,1410.31
GOOGLALPHABET INCSell−603,3850.31
XYZBLOCK INCAdd 12.00%1,262,3170.30
CHTRCHARTER COMMUNICATIONS INC NSell−242,4320.28
IRTCIRHYTHM TECHNOLOGIES INCReduce 23.00%−679,4170.23
SESEA LTDReduce 14.00%−794,8380.20
ICEINTERCONTINENTAL EXCHANGE INAdd 7.00%364,2270.16
TTEKTETRA TECH INC NEWAdd 38.00%1,978,6970.12
ONONON HLDG AGAdd 47.00%2,155,0830.10
IOTSAMSARA INCAdd 6.00%1,242,1220.09
NUNU HLDGS LTDReduce 7.00%−3,942,2660.09
OKTAOKTA INCSell−300,5170.09
SAPSAP SEAdd 52.00%150,8840.07
CRWDCROWDSTRIKE HLDGS INCSell−45,0210.07
GRABGRAB HOLDINGS LIMITEDReduce 33.00%−6,266,8390.06
CPNGCOUPANG INCReduce 8.00%−975,5440.05
HDBHDFC BANK LTDAdd 115.00%3,307,4530.05
ROPROPER TECHNOLOGIES INCAdd 7.00%23,9290.05
CDNSCADENCE DESIGN SYSTEM INCAdd 8.00%23,6960.05
METAMETA PLATFORMS INCAdd 6.00%82,0230.04
DUOLDUOLINGO INCBuy47,6720.04
TDGTRANSDIGM GROUP INCAdd 7.00%6,3960.04
ICLRICON PLCSell−91,5500.04
ARGXARGENX SEBuy16,6250.03
FIGFIGMA INCBuy226,7520.03
MCKMCKESSON CORPAdd 8.00%11,2790.03
WCNWASTE CONNECTIONS INCAdd 6.00%63,1120.03
PANWPALO ALTO NETWORKS INCAdd 26.00%39,7560.02
APHAMPHENOL CORP NEWReduce 15.00%−144,8870.00
SPOTSPOTIFY TECHNOLOGY S AAdd 14.00%192,8370.00
Q2 2025filed Aug 13, 253 new17 added18 reduced12 exited
NVDANVIDIA CORPORATIONAdd 8.00%1,631,0252.43
SHOPSHOPIFY INCReduce 38.00%−4,653,2061.46
AMZNAMAZON COM INCReduce 17.00%−1,864,5201.37
TEAMATLASSIAN CORPORATIONReduce 34.00%−1,329,8651.32
ICEINTERCONTINENTAL EXCHANGE INAdd 97.00%2,620,3101.22
APPAPPLOVIN CORPReduce 60.00%−1,240,8471.03
TSMTAIWAN SEMICONDUCTOR MFG LTDAdd 7.00%524,9601.03
UBERUBER TECHNOLOGIES INCSell−3,913,2220.97
MSFTMICROSOFT CORPAdd 12.00%306,4970.84
CVNACARVANA COAdd 1374.00%840,0960.83
NKENIKE INCSell−3,754,5800.81
AJGGALLAGHER ARTHUR J & COAdd 453.00%918,6180.79
ONONON HLDG AGBuy4,614,3470.69
AVGOBROADCOM INCAdd 30.00%422,4570.65
CSLCARLISLE COS INCBuy426,3600.46
HTHTH WORLD GROUP LTDSell−3,587,0890.45
XYZBLOCK INCAdd 21.00%1,808,9090.44
VVISA INCAdd 6.00%217,0620.44
AXONAXON ENTERPRISE INCReduce 15.00%−288,5270.43
SESEA LTDReduce 17.00%−1,139,9890.42
ABNBAIRBNB INCSell−950,8090.39
SPOTSPOTIFY TECHNOLOGY S AReduce 24.00%−433,7470.36
NUNU HLDGS LTDAdd 6.00%3,060,4630.35
UNHUNITEDHEALTH GROUP INCSell−174,7870.31
NETCLOUDFLARE INCReduce 23.00%−1,498,5720.31
NFLXNETFLIX INCReduce 23.00%−335,7950.30
SNOWSNOWFLAKE INCReduce 98.00%−584,4830.29
RBLXROBLOX CORPReduce 10.00%−419,7870.29
AAPLAPPLE INCSell−355,6490.27
ISRGINTUITIVE SURGICAL INCAdd 39.00%213,4940.27
BZKANZHUN LIMITEDSell−3,934,3310.26
YMMFULL TRUCK ALLIANCE CO LTDReduce 32.00%−3,323,6960.21
MELIMERCADOLIBRE INCReduce 16.00%−98,4670.21
GOOGLALPHABET INCReduce 8.00%−263,8480.20
METAMETA PLATFORMS INCReduce 13.00%−201,7210.19
TTEKTETRA TECH INC NEWAdd 27.00%1,089,5990.13
MCKMCKESSON CORPAdd 59.00%54,1170.10
PANWPALO ALTO NETWORKS INCBuy154,8630.09
GLBEGLOBAL E ONLINE LTDSell−522,0350.06
IOTSAMSARA INCAdd 17.00%2,833,0490.06
VGVENTURE GLOBAL INCReduce 8.00%−678,3690.05
SAPSAP SEAdd 30.00%66,3540.05
OKTAOKTA INCReduce 16.00%−58,2040.04
DASHDOORDASH INCReduce 13.00%−714,8400.03
ETHBISHARES TRSell−26,4650.03
KVYOKLAVIYO INCAdd 14.00%136,3200.01
EWEDWARDS LIFESCIENCES CORPSell−19,2440.00
KSPIKASPI KZ JSCAdd 28.00%370,5560.00
ENTGENTEGRIS INCSell−11,1720.00
PATHUIPATH INCSell−44,6420.00
Q1 2025filed May 14, 259 new10 added30 reduced5 exited
ASMLASML HOLDING N VReduce 69.00%−1,228,3482.41
ENTGENTEGRIS INCReduce 100.00%−7,202,9012.11
TSMTAIWAN SEMICONDUCTOR MFG LTDAdd 82.00%3,626,3961.96
AAPLAPPLE INCReduce 87.00%−2,359,4051.74
NVDANVIDIA CORPORATIONReduce 10.00%−2,113,2301.41
APPAPPLOVIN CORPAdd 149.00%1,231,7991.06
SNOWSNOWFLAKE INCReduce 80.00%−2,321,1981.04
XYZBLOCK INCReduce 17.00%−1,808,0031.02
ISRGINTUITIVE SURGICAL INCBuy544,0760.92
AVGOBROADCOM INCBuy1,420,8700.81
IOTSAMSARA INCAdd 59.00%6,073,3970.80
SESEA LTDReduce 8.00%−573,6380.71
MELIMERCADOLIBRE INCReduce 8.00%−56,5070.70
METAMETA PLATFORMS INCAdd 13.00%175,8660.65
DDOGDATADOG INCReduce 17.00%−610,9480.51
DASHDOORDASH INCReduce 7.00%−384,9490.50
AMZNAMAZON COM INCReduce 6.00%−713,1770.48
BLDRBUILDERS FIRSTSOURCE INCBuy1,051,5440.45
WCNWASTE CONNECTIONS INCAdd 86.00%511,5190.43
TEAMATLASSIAN CORPORATIONReduce 13.00%−601,5870.43
SHOPSHOPIFY INCReduce 12.00%−1,633,1180.39
VGVENTURE GLOBAL INCBuy8,532,9080.30
VVISA INCReduce 16.00%−735,2080.29
GLOBGLOBANT S AReduce 9.00%−88,8350.27
GOOGLALPHABET INCReduce 7.00%−269,6880.27
YMMFULL TRUCK ALLIANCE CO LTDAdd 66.00%4,092,2530.25
AJGGALLAGHER ARTHUR J & COBuy202,6310.24
TXNTEXAS INSTRS INCSell−391,8070.22
MCKMCKESSON CORPBuy91,7500.21
APHAMPHENOL CORP NEWBuy929,1520.21
SAPSAP SEBuy223,0320.20
XPXP INCSell−4,864,1450.17
SITESITEONE LANDSCAPE SUPPLY INCSell−414,9430.16
DXCMDEXCOM INCReduce 6.00%−695,3450.14
MSFTMICROSOFT CORPReduce 6.00%−155,6600.12
FWONALIBERTY MEDIA CORP DELReduce 23.00%−584,8350.10
CDNSCADENCE DESIGN SYSTEM INCAdd 62.00%116,4750.10
CPCANADIAN PACIFIC KANSAS CITYSell−411,2280.09
BZKANZHUN LIMITEDReduce 9.00%−384,4390.08
CPNGCOUPANG INCReduce 7.00%−972,0660.05
KVYOKLAVIYO INCReduce 21.00%−264,7910.05
GLBEGLOBAL E ONLINE LTDReduce 22.00%−149,3290.05
CVNACARVANA COBuy61,1310.04
MNDYMONDAY COM LTDAdd 32.00%27,5830.03
CRWDCROWDSTRIKE HLDGS INCReduce 44.00%−34,5410.03
OKTAOKTA INCReduce 22.00%−98,9270.02
NUNU HLDGS LTDReduce 11.00%−6,545,3200.01
ETHBISHARES TRAdd 63.00%10,2370.01
NETCLOUDFLARE INCReduce 17.00%−1,338,6080.01
KSPIKASPI KX JSCReduce 9.00%−130,0290.01
GRABGRAB HOLDINGS LIMITEDReduce 9.00%−1,900,6340.00
PATHUIPATH INCReduce 39.00%−28,9990.00
EWEDWARDS LIFESCIENCES CORPAdd 6.00%1,1730.00
TXG10X GENOMICS INCSell−12,5420.00