ARLINGTON, VA · CIK 0001020066
Sands Capital
SANDS CAPITAL MANAGEMENT, LLC
Portfolio value
$32.88B
| # | Issuer | Ticker | Weight | Value | Shares / Prin | QoQ |
|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA |
11.4%
|
$3.74B | 20,043,571 SH | reduced -4% |
| 2 | TAIWAN SEMICONDUCTOR MFG LTD ADR | TSM |
6.3%
|
$2.07B | 6,826,175 SH | reduced -26% |
| 3 | AMAZON COM INC | AMZN |
5.2%
|
$1.72B | 7,440,012 SH | reduced -12% |
| 4 | ALPHABET INC Class A | GOOGL |
4.7%
|
$1.55B | 4,939,049 SH | increased +4% |
| 5 | SHOPIFY INC Class A | SHOP |
4.7%
|
$1.53B | 9,506,036 SH | increased +37% |
| 6 | MICROSOFT CORP | MSFT |
3.6%
|
$1.19B | 2,470,769 SH | reduced -14% |
| 7 | VISA INC Class A | V |
3.3%
|
$1.08B | 3,090,129 SH | reduced -23% |
| 8 | CARVANA CO Class A | CVNA |
3.1%
|
$1.03B | 2,442,534 SH | increased +44% |
| 9 | MERCADOLIBRE INC | MELI |
3.1%
|
$1.03B | 509,645 SH | reduced -0% |
| 10 | DOORDASH INC Class A | DASH |
3.1%
|
$1.02B | 4,496,607 SH | increased +12% |
| 11 | APPLOVIN CORP Class A | APP |
3.0%
|
$986.0M | 1,463,351 SH | increased +44% |
| 12 | NETFLIX INC | NFLX |
2.9%
|
$939.8M | 10,023,088 SH | increased +794% |
| 13 | AXON ENTERPRISE INC | AXON |
2.8%
|
$914.0M | 1,609,436 SH | increased +12% |
| 14 | INTERCONTINENTAL EXCHANGE IN | ICE |
2.7%
|
$891.2M | 5,502,896 SH | reduced -3% |
| 15 | SPOTIFY TECHNOLOGY S A | SPOT |
2.6%
|
$853.6M | 1,469,848 SH | reduced -5% |
| 16 | META PLATFORMS INC Class A | META |
2.5%
|
$828.3M | 1,254,871 SH | reduced -10% |
| 17 | INTUITIVE SURGICAL INC | ISRG |
2.4%
|
$779.9M | 1,376,958 SH | increased +3% |
| 18 | NU HLDGS LTD Class A | G6683N103 |
2.3%
|
$743.7M | 44,423,895 SH | reduced -12% |
| 19 | CLOUDFLARE INC Class A | NET |
2.2%
|
$735.6M | 3,731,287 SH | reduced -2% |
| 20 | BROADCOM INC | AVGO |
2.2%
|
$731.8M | 2,114,521 SH | increased +3% |
| 21 | ASML HOLDING N V N Y Registry Shs | ASML |
2.2%
|
$716.8M | 669,985 SH | increased +27% |
| 22 | SEA LTD ADR | SE |
2.1%
|
$701.8M | 5,501,013 SH | increased +13% |
| 23 | SAMSARA INC Class A | IOT |
2.1%
|
$677.9M | 19,123,318 SH | reduced -7% |
| 24 | SERVICENOW INC | NOW |
1.8%
|
$588.7M | 3,842,914 SH | increased +208% |
| 25 | FLUTTER ENTMT PLC | FLUT |
1.4%
|
$448.8M | 2,087,048 SH | reduced -2% |
| 26 | BLOCK INC Class A | XYZ |
1.2%
|
$386.0M | 5,929,883 SH | reduced -49% |
| 27 | CARLISLE COS INC | CSL |
0.9%
|
$309.5M | 967,640 SH | increased +14% |
| 28 | ON HLDG AG Namen Akt A | H5919C104 |
0.9%
|
$308.4M | 6,635,050 SH | reduced -2% |
| 29 | IRHYTHM TECHNOLOGIES INC | IRTC |
0.9%
|
$301.6M | 1,699,645 SH | reduced -24% |
| 30 | ARGENX SE ADR | ARGX |
0.9%
|
$300.1M | 356,870 SH | increased +2047% |
| 31 | BUILDERS FIRSTSOURCE INC | BLDR |
0.9%
|
$283.8M | 2,757,969 SH | increased +13% |
| 32 | ROBLOX CORP Class A | RBLX |
0.8%
|
$258.0M | 3,183,399 SH | reduced -8% |
| 33 | QUANTA SVCS INC | PWR |
0.7%
|
$243.5M | 576,896 SH | new |
| 34 | COUPANG INC Class A | CPNG |
0.7%
|
$243.4M | 10,319,665 SH | reduced -6% |
| 35 | TETRA TECH INC NEW | TTEK |
0.7%
|
$235.0M | 7,007,004 SH | reduced -2% |
| 36 | HDFC BANK LTD ADR | HDB |
0.7%
|
$223.5M | 6,117,362 SH | reduced -1% |
| 37 | DATADOG INC Class A | DDOG |
0.6%
|
$205.9M | 1,513,800 SH | reduced -20% |
| 38 | LIBERTY MEDIA CORP DEL | FWONK |
0.6%
|
$205.1M | 2,082,513 SH | increased +3% |
| 39 | CARPENTER TECHNOLOGY CORP | CRS |
0.6%
|
$195.7M | 621,684 SH | new |
| 40 | WASTE CONNECTIONS INC | WCN |
0.5%
|
$169.4M | 965,880 SH | reduced -18% |
| 41 | KASPI KZ JSC ADR | KSPI |
0.5%
|
$152.3M | 1,948,761 SH | increased +19% |
| 42 | MCKESSON CORP | MCK |
0.4%
|
$143.0M | 174,268 SH | increased +11% |
| 43 | TRANSDIGM GROUP INC | TDG |
0.4%
|
$137.2M | 103,179 SH | increased +11% |
| 44 | ROPER TECHNOLOGIES INC | ROP |
0.4%
|
$127.9M | 287,318 SH | reduced -18% |
| 45 | AMPHENOL CORP NEW Class A | APH |
0.4%
|
$118.8M | 879,004 SH | increased +11% |
| 46 | FERRARI N V | RACE |
0.3%
|
$114.6M | 309,983 SH | increased +23% |
| 47 | SAP SE ADR | SAP |
0.3%
|
$95.7M | 394,117 SH | reduced -10% |
| 48 | ULTRAGENYX PHARMACEUTICAL IN | RARE |
0.2%
|
$80.2M | 3,485,724 SH | reduced -8% |
| 49 | CADENCE DESIGN SYSTEM INC | CDNS |
0.2%
|
$78.8M | 252,008 SH | reduced -24% |
| 50 | BOSTON SCIENTIFIC CORP | BSX |
0.2%
|
$76.8M | 805,164 SH | new |
| 51 | FULL TRUCK ALLIANCE CO LTD ADR | YMM |
0.2%
|
$65.7M | 6,123,768 SH | reduced -10% |
| 52 | GALLAGHER ARTHUR J & CO | AJG |
0.2%
|
$63.2M | 244,255 SH | reduced -78% |
| 53 | GRAB HOLDINGS LIMITED Class A | GRAB |
0.2%
|
$56.1M | 11,244,055 SH | reduced -10% |
| 54 | GLOBANT S A | GLOB |
0.2%
|
$50.4M | 770,560 SH | reduced -9% |
| 55 | KLAVIYO INC | KVYO |
0.1%
|
$30.2M | 928,755 SH | reduced -16% |
| 56 | PALO ALTO NETWORKS INC | PANW |
0.1%
|
$30.0M | 162,963 SH | reduced -16% |
| 57 | LINDE PLC | LIN |
0.1%
|
$25.2M | 59,214 SH | reduced -30% |
| 58 | ATLASSIAN CORPORATION Class A | TEAM |
0.1%
|
$22.1M | 136,534 SH | reduced -95% |
| 59 | STEVANATO GROUP S P A | STVN |
0.0%
|
$9.9M | 493,006 SH | increased +6% |
| 60 | FIGMA INC Class A | FIG |
0.0%
|
$7.1M | 189,782 SH | reduced -16% |
| 61 | DUOLINGO INC Class A | DUOL |
0.0%
|
$7.0M | 39,975 SH | reduced -16% |
| 62 | GITLAB INC Class A | GTLB |
0.0%
|
$4.8M | 127,475 SH | unchanged |
| 63 | ISHARES TR Rus 1000 Grw Etf | IWF |
0.0%
|
$3.9M | 8,215 SH | new |
| 64 | PALANTIR TECHNOLOGIES INC Class A | PLTR |
0.0%
|
$3.5M | 19,840 SH | new |
| 65 | SNOWFLAKE INC | SNOW |
0.0%
|
$2.6M | 11,960 SH | unchanged |
| 66 | ALIBABA GROUP HLDG LTD ADR | BABA |
0.0%
|
$1.1M | 7,511 SH | new |
New this quarter
| Issuer | Ticker | Value | Shares |
|---|---|---|---|
| QUANTA SVCS INC | PWR | $243.5M | 576,896 |
| CARPENTER TECHNOLOGY CORP | CRS | $195.7M | 621,684 |
| BOSTON SCIENTIFIC CORP | BSX | $76.8M | 805,164 |
| ISHARES TR | IWF | $3.9M | 8,215 |
| PALANTIR TECHNOLOGIES INC | PLTR | $3.5M | 19,840 |
| ALIBABA GROUP HLDG LTD | BABA | $1.1M | 7,511 |
Exited this quarter
| Issuer | Ticker | Prior value | Prior shares |
|---|---|---|---|
| DEXCOM INC | DXCM | $332.0M | 4,934,189 |
| ORACLE CORP | ORCL | $263.3M | 936,043 |
| VENTURE GLOBAL INC | VG | $106.2M | 7,484,070 |
| MONDAY COM LTD | MNDY | $22.5M | 116,213 |