ARLINGTON, VA · CIK 0001020066
Sands Capital
SANDS CAPITAL MANAGEMENT, LLC
Portfolio value
$25.49B
| # | Issuer | Ticker | Weight | Value | Shares / Prin | QoQ |
|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA |
12.4%
|
$3.15B | 18,085,742 SH | reduced -10% |
| 2 | TAIWAN SEMICONDUCTOR MANUFAC ADR | TSM |
7.8%
|
$1.98B | 5,862,685 SH | reduced -14% |
| 3 | ALPHABET INC Class A | GOOGL |
5.8%
|
$1.47B | 5,124,494 SH | increased +4% |
| 4 | AMAZON COM INC | AMZN |
5.5%
|
$1.40B | 6,719,055 SH | reduced -10% |
| 5 | SHOPIFY INC Class A | SHOP |
4.2%
|
$1.06B | 8,935,666 SH | reduced -6% |
| 6 | NETFLIX INC. | NFLX |
3.6%
|
$905.2M | 9,414,668 SH | reduced -6% |
| 7 | SPOTIFY TECHNOLOGY S A | SPOT |
3.4%
|
$870.0M | 1,794,226 SH | increased +22% |
| 8 | ASML HLDG NV N Y Registry Shs | ASML |
3.3%
|
$845.1M | 639,833 SH | reduced -5% |
| 9 | VISA INC Class A | V |
3.3%
|
$837.3M | 2,770,431 SH | reduced -10% |
| 10 | MERCADOLIBRE INC | MELI |
3.2%
|
$822.1M | 475,455 SH | reduced -7% |
| 11 | CLOUDFLARE INC Class A | NET |
3.0%
|
$755.6M | 3,661,749 SH | reduced -2% |
| 12 | META PLATFORMS INC Class A | META |
2.9%
|
$731.8M | 1,279,121 SH | increased +2% |
| 13 | INTERCONTINENTAL EXCHANGE IN | ICE |
2.7%
|
$689.6M | 4,384,298 SH | reduced -20% |
| 14 | CARVANA CO Class A | CVNA |
2.6%
|
$665.6M | 2,117,248 SH | reduced -13% |
| 15 | AXON ENTERPRISE INC | AXON |
2.6%
|
$664.4M | 1,564,504 SH | reduced -3% |
| 16 | INTUITIVE SURGICAL INC | ISRG |
2.4%
|
$609.1M | 1,321,274 SH | reduced -4% |
| 17 | DOORDASH INC Class A | DASH |
2.3%
|
$594.2M | 3,957,060 SH | reduced -12% |
| 18 | MICROSOFT CORP | MSFT |
2.2%
|
$566.4M | 1,530,124 SH | reduced -38% |
| 19 | SAMSARA INC Class A | IOT |
1.9%
|
$496.2M | 15,657,744 SH | reduced -18% |
| 20 | NU HLDGS LTD Class A | G6683N103 |
1.9%
|
$493.5M | 34,342,221 SH | reduced -23% |
| 21 | BROADCOM INC | AVGO |
1.7%
|
$434.2M | 1,402,835 SH | reduced -34% |
| 22 | SEA LTD ADR | SE |
1.5%
|
$391.6M | 4,728,550 SH | reduced -14% |
| 23 | APPLOVIN CORP Class A | APP |
1.5%
|
$386.7M | 971,561 SH | reduced -34% |
| 24 | QUANTA SVCS INC | PWR |
1.3%
|
$343.9M | 626,348 SH | increased +9% |
| 25 | BLOCK INC Class A | XYZ |
1.3%
|
$331.6M | 5,510,835 SH | reduced -7% |
| 26 | CARPENTER TECHNOLOGY CORP | CRS |
1.3%
|
$324.5M | 823,277 SH | increased +32% |
| 27 | CARLISLE COS INC | CSL |
1.2%
|
$306.8M | 919,614 SH | reduced -5% |
| 28 | ARGENX SE ADR | ARGX |
1.0%
|
$248.5M | 340,285 SH | reduced -5% |
| 29 | BLOOM ENERGY CORP Class A | BE |
0.9%
|
$241.0M | 1,779,038 SH | new |
| 30 | BUILDERS FIRSTSOURCE INC | BLDR |
0.8%
|
$215.8M | 2,621,085 SH | reduced -5% |
| 31 | ON HLDG AG Namen Akt A | H5919C104 |
0.8%
|
$215.2M | 6,325,547 SH | reduced -5% |
| 32 | SEAGATE TECHNOLOGY HLDNGS PL | G7997R103 |
0.8%
|
$208.4M | 531,892 SH | new |
| 33 | FLUTTER ENTMT PLC | FLUT |
0.8%
|
$202.8M | 1,988,830 SH | reduced -5% |
| 34 | TETRA TECH INC NEW | TTEK |
0.8%
|
$200.6M | 6,658,823 SH | reduced -5% |
| 35 | MCKESSON CORP | MCK |
0.7%
|
$174.2M | 201,283 SH | increased +16% |
| 36 | COUPANG INC Class A | CPNG |
0.7%
|
$173.2M | 9,172,187 SH | reduced -11% |
| 37 | DATADOG INC Class A | DDOG |
0.7%
|
$166.0M | 1,406,366 SH | reduced -7% |
| 38 | LAM RESEARCH CORP | LRCX |
0.6%
|
$161.4M | 755,222 SH | new |
| 39 | ROBLOX CORP Class A | RBLX |
0.6%
|
$154.2M | 2,726,701 SH | reduced -14% |
| 40 | LIBERTY MEDIA CORP DEL | FWONK |
0.5%
|
$132.6M | 1,559,760 SH | reduced -25% |
| 41 | KASPI KZ JSC ADR | KSPI |
0.5%
|
$117.5M | 1,586,334 SH | reduced -19% |
| 42 | TRANSDIGM GROUP INC | TDG |
0.4%
|
$109.3M | 94,341 SH | reduced -9% |
| 43 | WASTE CONNECTIONS INC | WCN |
0.4%
|
$103.1M | 634,903 SH | reduced -34% |
| 44 | AMPHENOL CORP Class A | APH |
0.4%
|
$101.8M | 805,602 SH | reduced -8% |
| 45 | FERRARI N V | RACE |
0.4%
|
$97.4M | 287,709 SH | reduced -7% |
| 46 | ULTRAGENYX PHARMACEUTICAL IN | RARE |
0.3%
|
$67.3M | 3,214,533 SH | reduced -8% |
| 47 | BOSTON SCIENTIFIC CORP | BSX |
0.2%
|
$46.2M | 736,109 SH | reduced -9% |
| 48 | FULL TRUCK ALLIANCE CO LTD ADR | YMM |
0.2%
|
$41.3M | 4,970,779 SH | reduced -19% |
| 49 | GRAB HOLDINGS LIMITED Class A | GRAB |
0.1%
|
$33.4M | 9,122,432 SH | reduced -19% |
| 50 | ELI LILLY & CO | LLY |
0.1%
|
$30.2M | 32,887 SH | new |
| 51 | LINDE PLC | LIN |
0.1%
|
$27.1M | 54,593 SH | reduced -8% |
| 52 | PALO ALTO NETWORKS INC | PANW |
0.1%
|
$25.8M | 161,078 SH | reduced -1% |
| 53 | HDFC BANK LTD ADR | HDB |
0.1%
|
$22.6M | 907,652 SH | reduced -85% |
| 54 | KLAVIYO INC | KVYO |
0.0%
|
$11.6M | 595,160 SH | reduced -36% |
| 55 | STEVANATO GROUP S P A | STVN |
0.0%
|
$6.8M | 497,310 SH | increased +1% |
| 56 | FIGMA INC Class A | FIG |
0.0%
|
$4.0M | 187,577 SH | reduced -1% |
| 57 | PALANTIR TECHNOLOGIES INC Class A | PLTR |
0.0%
|
$3.4M | 22,919 SH | increased +16% |
| 58 | SERVICENOW INC | NOW |
0.0%
|
$3.3M | 31,521 SH | reduced -99% |
| 59 | GITLAB INC Class A | GTLB |
0.0%
|
$2.8M | 127,475 SH | unchanged |
| 60 | ALIBABA GROUP HLDG LTD ADR | BABA |
0.0%
|
$978K | 7,793 SH | increased +4% |
| 61 | ATLASSIAN CORPORATION Class A | TEAM |
0.0%
|
$975K | 14,281 SH | reduced -90% |
| 62 | APPLE INC | AAPL |
0.0%
|
$817K | 3,219 SH | new |
| 63 | SNOWFLAKE INC | SNOW |
0.0%
|
$630K | 4,178 SH | reduced -65% |
| 64 | ARISTA NETWORKS INC | ANET |
0.0%
|
$331K | 2,698 SH | new |
| 65 | ROBINHOOD MKTS INC Class A | HOOD |
0.0%
|
$260K | 3,746 SH | new |
| 66 | AEROVIRONMENT INC | AVAV |
0.0%
|
$246K | 1,342 SH | new |
| 67 | LUMENTUM HLDGS INC | LITE |
0.0%
|
$219K | 312 SH | new |
New this quarter
| Issuer | Ticker | Value | Shares |
|---|---|---|---|
| BLOOM ENERGY CORP | BE | $241.0M | 1,779,038 |
| SEAGATE TECHNOLOGY HLDNGS PL | — | $208.4M | 531,892 |
| LAM RESEARCH CORP | LRCX | $161.4M | 755,222 |
| ELI LILLY & CO | LLY | $30.2M | 32,887 |
| APPLE INC | AAPL | $817K | 3,219 |
| ARISTA NETWORKS INC | ANET | $331K | 2,698 |
| ROBINHOOD MKTS INC | HOOD | $260K | 3,746 |
| AEROVIRONMENT INC | AVAV | $246K | 1,342 |
| LUMENTUM HLDGS INC | LITE | $219K | 312 |
Exited this quarter
| Issuer | Ticker | Prior value | Prior shares |
|---|---|---|---|
| IRHYTHM TECHNOLOGIES INC | IRTC | $301.6M | 1,699,645 |
| ROPER TECHNOLOGIES INC | ROP | $127.9M | 287,318 |
| SAP SE | SAP | $95.7M | 394,117 |
| CADENCE DESIGN SYSTEM INC | CDNS | $78.8M | 252,008 |
| GALLAGHER ARTHUR J & CO | AJG | $63.2M | 244,255 |
| GLOBANT S A | GLOB | $50.4M | 770,560 |
| DUOLINGO INC | DUOL | $7.0M | 39,975 |
| ISHARES TR | IWF | $3.9M | 8,215 |