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
IRTCIRHYTHM TECHNOLOGIES INCSell−1,699,6450.92
DASHDOORDASH INCReduce 12.00%−539,5470.77
NFLXNETFLIX INC.Reduce 6.00%−608,4200.69
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
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
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
KSPIKASPI KZ JSCReduce 19.00%−362,4270.00
Q4 2025filed Feb 13, 266 new18 added27 reduced4 exited
XYZBLOCK INCReduce 49.00%−5,673,1741.14
TEAMATLASSIAN CORPORATIONReduce 95.00%−2,505,1961.10
DXCMDEXCOM INCSell−4,934,1890.92
TSMTAIWAN SEMICONDUCTOR MFG LTDReduce 26.00%−2,425,7140.82
AJGGALLAGHER ARTHUR J & COReduce 78.00%−849,8150.74
ORCLORACLE CORPSell−936,0430.73
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
CPNGCOUPANG INCReduce 6.00%−704,5120.24
IRTCIRHYTHM TECHNOLOGIES INCReduce 24.00%−536,4650.14
AMZNAMAZON COM INCReduce 12.00%−973,9870.13
DDOGDATADOG INCReduce 20.00%−380,8800.12
ROPROPER TECHNOLOGIES INCReduce 18.00%−64,4570.09
CDNSCADENCE DESIGN SYSTEM INCReduce 24.00%−79,8790.08
RAREULTRAGENYX PHARMACEUTICAL INReduce 8.00%−284,1290.07
MNDYMONDAY COM LTDSell−116,2130.06
WCNWASTE CONNECTIONS INCReduce 18.00%−217,3140.06
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
FIGFIGMA INCReduce 16.00%−36,9700.01
KVYOKLAVIYO INCReduce 16.00%−176,8040.01
Q3 2025filed Nov 13, 254 new23 added14 reduced6 exited
DXCMDEXCOM INCReduce 50.00%−5,013,7551.58
NOWSERVICENOW INCReduce 12.00%−162,0560.99
AXONAXON ENTERPRISE INCReduce 10.00%−168,9540.97
AMZNAMAZON COM INCReduce 9.00%−816,0240.72
NETCLOUDFLARE INCReduce 23.00%−1,120,5550.52
RGENREPLIGEN CORPSell−1,251,0880.45
DASHDOORDASH INCReduce 16.00%−768,8900.37
SHOPSHOPIFY INCReduce 7.00%−555,3440.36
DDOGDATADOG INCReduce 32.00%−877,3350.32
GOOGLALPHABET INCSell−603,3850.31
CHTRCHARTER COMMUNICATIONS INC NSell−242,4320.28
IRTCIRHYTHM TECHNOLOGIES INCReduce 23.00%−679,4170.23
SESEA LTDReduce 14.00%−794,8380.20
NUNU HLDGS LTDReduce 7.00%−3,942,2660.09
OKTAOKTA INCSell−300,5170.09
CRWDCROWDSTRIKE HLDGS INCSell−45,0210.07
GRABGRAB HOLDINGS LIMITEDReduce 33.00%−6,266,8390.06
CPNGCOUPANG INCReduce 8.00%−975,5440.05
ICLRICON PLCSell−91,5500.04
APHAMPHENOL CORP NEWReduce 15.00%−144,8870.00
Q2 2025filed Aug 13, 253 new17 added18 reduced12 exited
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
APPAPPLOVIN CORPReduce 60.00%−1,240,8471.03
UBERUBER TECHNOLOGIES INCSell−3,913,2220.97
NKENIKE INCSell−3,754,5800.81
HTHTH WORLD GROUP LTDSell−3,587,0890.45
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
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
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
GLBEGLOBAL E ONLINE LTDSell−522,0350.06
VGVENTURE GLOBAL INCReduce 8.00%−678,3690.05
OKTAOKTA INCReduce 16.00%−58,2040.04
DASHDOORDASH INCReduce 13.00%−714,8400.03
ETHBISHARES TRSell−26,4650.03
EWEDWARDS LIFESCIENCES CORPSell−19,2440.00
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
AAPLAPPLE INCReduce 87.00%−2,359,4051.74
NVDANVIDIA CORPORATIONReduce 10.00%−2,113,2301.41
SNOWSNOWFLAKE INCReduce 80.00%−2,321,1981.04
XYZBLOCK INCReduce 17.00%−1,808,0031.02
SESEA LTDReduce 8.00%−573,6380.71
MELIMERCADOLIBRE INCReduce 8.00%−56,5070.70
DDOGDATADOG INCReduce 17.00%−610,9480.51
DASHDOORDASH INCReduce 7.00%−384,9490.50
AMZNAMAZON COM INCReduce 6.00%−713,1770.48
TEAMATLASSIAN CORPORATIONReduce 13.00%−601,5870.43
SHOPSHOPIFY INCReduce 12.00%−1,633,1180.39
VVISA INCReduce 16.00%−735,2080.29
GLOBGLOBANT S AReduce 9.00%−88,8350.27
GOOGLALPHABET INCReduce 7.00%−269,6880.27
TXNTEXAS INSTRS INCSell−391,8070.22
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
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
CRWDCROWDSTRIKE HLDGS INCReduce 44.00%−34,5410.03
OKTAOKTA INCReduce 22.00%−98,9270.02
NUNU HLDGS LTDReduce 11.00%−6,545,3200.01
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
TXG10X GENOMICS INCSell−12,5420.00