ARLINGTON, VA · CIK 0001020066
Sands Capital
SANDS CAPITAL MANAGEMENT, LLC
Portfolio value
$29.39B
| # | Issuer | Ticker | Weight | Value | Shares / Prin | QoQ |
|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA |
7.3%
|
$2.16B | 19,926,183 SH | reduced -10% |
| 2 | AMAZON COM INC | AMZN |
7.2%
|
$2.11B | 11,094,543 SH | reduced -6% |
| 3 | NETFLIX INC | NFLX |
4.7%
|
$1.37B | 1,467,474 SH | reduced -1% |
| 4 | VISA INC Class A | V |
4.5%
|
$1.34B | 3,813,042 SH | reduced -16% |
| 5 | TAIWAN SEMICONDUCTOR MFG LTD ADR | TSM |
4.5%
|
$1.33B | 8,027,318 SH | increased +82% |
| 6 | MERCADOLIBRE INC | MELI |
4.1%
|
$1.19B | 611,999 SH | reduced -8% |
| 7 | SERVICENOW INC | NOW |
3.9%
|
$1.16B | 1,457,978 SH | increased +0% |
| 8 | SHOPIFY INC Class A | SHOP |
3.9%
|
$1.16B | 12,145,821 SH | reduced -12% |
| 9 | DOORDASH INC Class A | DASH |
3.4%
|
$1.01B | 5,507,021 SH | reduced -7% |
| 10 | AXON ENTERPRISE INC | AXON |
3.4%
|
$999.2M | 1,899,822 SH | reduced -4% |
| 11 | MICROSOFT CORP | MSFT |
3.4%
|
$994.1M | 2,648,248 SH | reduced -6% |
| 12 | SPOTIFY TECHNOLOGY S A | SPOT |
3.3%
|
$983.8M | 1,788,550 SH | reduced -4% |
| 13 | SEA LTD ADR | SE |
3.0%
|
$889.7M | 6,817,994 SH | reduced -8% |
| 14 | META PLATFORMS INC Class A | META |
3.0%
|
$869.0M | 1,507,762 SH | increased +13% |
| 15 | ATLASSIAN CORPORATION Class A | TEAM |
2.8%
|
$831.6M | 3,918,588 SH | reduced -13% |
| 16 | CLOUDFLARE INC Class A | NET |
2.5%
|
$724.3M | 6,427,446 SH | reduced -17% |
| 17 | DEXCOM INC | DXCM |
2.4%
|
$711.2M | 10,414,156 SH | reduced -6% |
| 18 | SAMSARA INC Class A | IOT |
2.1%
|
$630.3M | 16,443,161 SH | increased +59% |
| 19 | APPLOVIN CORP Class A | APP |
1.9%
|
$545.4M | 2,058,193 SH | increased +149% |
| 20 | NU HLDGS LTD Class A | G6683N103 |
1.8%
|
$526.8M | 51,443,965 SH | reduced -11% |
| 21 | ALPHABET INC Class A | GOOGL |
1.8%
|
$518.0M | 3,349,727 SH | reduced -7% |
| 22 | FLUTTER ENTMT PLC | FLUT |
1.7%
|
$486.4M | 2,195,271 SH | reduced -5% |
| 23 | INTERCONTINENTAL EXCHANGE IN | ICE |
1.6%
|
$464.5M | 2,692,729 SH | reduced -2% |
| 24 | BLOCK INC Class A | XYZ |
1.6%
|
$463.5M | 8,531,831 SH | reduced -17% |
| 25 | ASML HOLDING N V N Y Registry Shs | ASML |
1.3%
|
$369.4M | 557,428 SH | reduced -69% |
| 26 | IRHYTHM TECHNOLOGIES INC | IRTC |
1.1%
|
$315.7M | 3,016,207 SH | reduced -5% |
| 27 | DATADOG INC Class A | DDOG |
1.0%
|
$289.2M | 2,915,476 SH | reduced -17% |
| 28 | UBER TECHNOLOGIES INC | UBER |
1.0%
|
$285.1M | 3,913,222 SH | reduced -3% |
| 29 | INTUITIVE SURGICAL INC | ISRG |
0.9%
|
$269.5M | 544,076 SH | new |
| 30 | COUPANG INC Class A | CPNG |
0.9%
|
$264.9M | 12,080,484 SH | reduced -7% |
| 31 | NIKE INC Class B | NKE |
0.8%
|
$238.3M | 3,754,580 SH | reduced -5% |
| 32 | BROADCOM INC | AVGO |
0.8%
|
$237.9M | 1,420,870 SH | new |
| 33 | ROBLOX CORP Class A | RBLX |
0.8%
|
$233.5M | 4,006,330 SH | reduced -5% |
| 34 | WASTE CONNECTIONS INC | WCN |
0.7%
|
$216.3M | 1,108,404 SH | increased +86% |
| 35 | HDFC BANK LTD ADR | HDB |
0.7%
|
$193.4M | 2,911,190 SH | increased +1% |
| 36 | ROPER TECHNOLOGIES INC | ROP |
0.7%
|
$192.3M | 326,112 SH | increased +0% |
| 37 | LIBERTY MEDIA CORP DEL | FWONK |
0.6%
|
$172.7M | 1,919,229 SH | reduced -23% |
| 38 | REPLIGEN CORP | RGEN |
0.6%
|
$164.7M | 1,294,196 SH | reduced -5% |
| 39 | ULTRAGENYX PHARMACEUTICAL IN | RARE |
0.5%
|
$150.8M | 4,163,561 SH | reduced -3% |
| 40 | H WORLD GROUP LTD ADR | HTHT |
0.5%
|
$132.8M | 3,587,089 SH | increased +5% |
| 41 | BUILDERS FIRSTSOURCE INC | BLDR |
0.4%
|
$131.4M | 1,051,544 SH | new |
| 42 | FULL TRUCK ALLIANCE CO LTD ADR | YMM |
0.4%
|
$130.9M | 10,250,292 SH | increased +66% |
| 43 | KASPI KX JSC ADR | KSPI |
0.4%
|
$121.8M | 1,311,457 SH | reduced -9% |
| 44 | TETRA TECH INC NEW | TTEK |
0.4%
|
$120.2M | 4,110,736 SH | reduced -5% |
| 45 | TRANSDIGM GROUP INC | TDG |
0.4%
|
$118.8M | 85,886 SH | reduced -1% |
| 46 | AIRBNB INC Class A | ABNB |
0.4%
|
$113.6M | 950,809 SH | reduced -5% |
| 47 | GLOBANT S A | GLOB |
0.4%
|
$106.2M | 902,535 SH | reduced -9% |
| 48 | FERRARI N V | RACE |
0.4%
|
$105.3M | 246,069 SH | reduced -1% |
| 49 | ALPHABET INC Class C | GOOG |
0.3%
|
$97.5M | 624,184 SH | reduced -5% |
| 50 | UNITEDHEALTH GROUP INC | UNH |
0.3%
|
$91.5M | 174,787 SH | reduced -1% |
| 51 | CHARTER COMMUNICATIONS INC N Class A | CHTR |
0.3%
|
$88.3M | 239,604 SH | reduced -1% |
| 52 | GRAB HOLDINGS LIMITED Class A | GRAB |
0.3%
|
$88.2M | 19,477,077 SH | reduced -9% |
| 53 | VENTURE GLOBAL INC Class A | VG |
0.3%
|
$87.9M | 8,532,908 SH | new |
| 54 | SNOWFLAKE INC Class A | SNOW |
0.3%
|
$87.2M | 596,443 SH | reduced -80% |
| 55 | APPLE INC | AAPL |
0.3%
|
$79.0M | 355,649 SH | reduced -87% |
| 56 | CADENCE DESIGN SYSTEM INC | CDNS |
0.3%
|
$77.5M | 304,719 SH | increased +62% |
| 57 | KANZHUN LIMITED ADR | BZ |
0.3%
|
$75.4M | 3,934,331 SH | reduced -9% |
| 58 | GALLAGHER ARTHUR J & CO | AJG |
0.2%
|
$70.0M | 202,631 SH | new |
| 59 | MCKESSON CORP | MCK |
0.2%
|
$61.7M | 91,750 SH | new |
| 60 | AMPHENOL CORP NEW Class A | APH |
0.2%
|
$60.9M | 929,152 SH | new |
| 61 | SAP SE ADR | SAP |
0.2%
|
$59.9M | 223,032 SH | new |
| 62 | LINDE PLC | LIN |
0.1%
|
$41.6M | 89,288 SH | reduced -0% |
| 63 | OKTA INC Class A | OKTA |
0.1%
|
$37.7M | 358,721 SH | reduced -22% |
| 64 | KLAVIYO INC | KVYO |
0.1%
|
$29.4M | 972,749 SH | reduced -21% |
| 65 | MONDAY COM LTD | MNDY |
0.1%
|
$28.0M | 115,041 SH | increased +32% |
| 66 | GLOBAL E ONLINE LTD | GLBE |
0.1%
|
$18.6M | 522,035 SH | reduced -22% |
| 67 | ICON PLC | ICLR |
0.1%
|
$16.5M | 94,324 SH | reduced -0% |
| 68 | CROWDSTRIKE HLDGS INC Class A | CRWD |
0.1%
|
$15.7M | 44,417 SH | reduced -44% |
| 69 | CARVANA CO Class A | CVNA |
0.0%
|
$12.8M | 61,131 SH | new |
| 70 | STEVANATO GROUP S P A | STVN |
0.0%
|
$9.9M | 485,476 SH | reduced -3% |
| 71 | ISHARES TR Rus 1000 Grw Etf | IWF |
0.0%
|
$9.6M | 26,465 SH | increased +63% |
| 72 | GITLAB INC Class A | GTLB |
0.0%
|
$6.0M | 127,475 SH | unchanged |
| 73 | EDWARDS LIFESCIENCES CORP | EW |
0.0%
|
$1.4M | 19,244 SH | increased +6% |
| 74 | ENTEGRIS INC | ENTG |
0.0%
|
$977K | 11,172 SH | reduced -100% |
| 75 | UIPATH INC Class A | PATH |
0.0%
|
$460K | 44,642 SH | reduced -39% |
New this quarter
| Issuer | Ticker | Value | Shares |
|---|---|---|---|
| INTUITIVE SURGICAL INC | ISRG | $269.5M | 544,076 |
| BROADCOM INC | AVGO | $237.9M | 1,420,870 |
| BUILDERS FIRSTSOURCE INC | BLDR | $131.4M | 1,051,544 |
| VENTURE GLOBAL INC | VG | $87.9M | 8,532,908 |
| GALLAGHER ARTHUR J & CO | AJG | $70.0M | 202,631 |
| MCKESSON CORP | MCK | $61.7M | 91,750 |
| AMPHENOL CORP NEW | APH | $60.9M | 929,152 |
| SAP SE | SAP | $59.9M | 223,032 |
| CARVANA CO | CVNA | $12.8M | 61,131 |
Exited this quarter
| Issuer | Ticker | Prior value | Prior shares |
|---|---|---|---|
| TEXAS INSTRS INC | TXN | $73.5M | 391,807 |
| XP INC | XP | $57.6M | 4,864,145 |
| SITEONE LANDSCAPE SUPPLY INC | SITE | $54.7M | 414,943 |
| CANADIAN PACIFIC KANSAS CITY | CP | $29.8M | 411,228 |
| 10X GENOMICS INC | TXG | $180K | 12,542 |