SANDS CAPITAL MANAGEMENT, LLC
Institutional investor · Portfolio as of Q2 2025
Top Holdings66 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 21.6M | $3.4B | 9.8% | $116.73 | +35.13% | 13 qtrssince 2022-Q2 | Increased 67 |
AMAZON.COM INC | 9.2M | $2B | 5.8% | $112.62 | +98.27% | 27 qtrssince 2018-Q4 | Decreased 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 8.6M | $1.9B | 5.6% | $123.12 | +84.56% | 27 qtrssince 2018-Q4 | Increased 66 |
NETFLIX INC | 1.1M | $1.5B | 4.4% | $38.30 | +245.49% | 27 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 3M | $1.5B | 4.2% | $314.60 | +57.09% | 26 qtrssince 2019-Q1 | Increased 65 |
SERVICENOW INC | 1.4M | $1.4B | 4.2% | $98.10 | +108.44% | 27 qtrssince 2018-Q4 | Decreased 0 |
VISA INC-CLASS A SHARES | 4M | $1.4B | 4.1% | $182.17 | +93.02% | 27 qtrssince 2018-Q4 | Increased 62 |
MERCADOLIBRE INC | 513,532 | $1.3B | 3.9% | $1,424.46 | +79.72% | 27 qtrssince 2018-Q4 | Decreased 0 |
AXON ENTERPRISE INC | 1.6M | $1.3B | 3.8% | $208.61 | +296.89% | 10 qtrssince 2023-Q1 | Decreased 0 |
DOORDASH INC - A | 4.8M | $1.2B | 3.4% | $146.78 | +65.09% | 19 qtrssince 2020-Q4 | Decreased 0 |
SPOTIFY TECHNOLOGY SA | 1.4M | $1B | 3.0% | $407.44 | +89.62% | 4 qtrssince 2024-Q3 | Decreased 0 |
INTERCONTINENTALEXCHANGE GRO COM | 5.3M | $974.8M | 2.8% | $160.92 | +12.29% | 27 qtrssince 2018-Q4 | Increased 88 |
CLOUDFLARE INC - CLASS A | 4.9M | $965.2M | 2.8% | $104.92 | +84.95% | 18 qtrssince 2021-Q1 | Decreased 0 |
META PLATFORMS INC-CLASS A | 1.3M | $964M | 2.8% | $329.43 | +122.37% | 9 qtrssince 2023-Q2 | Decreased 0 |
SEA LTD-ADR | 5.7M | $908.1M | 2.6% | $99.76 | +59.69% | 27 qtrssince 2018-Q4 | Decreased 0 |
DEXCOM INC | 9.9M | $868.4M | 2.5% | $85.99 | +0.40% | 22 qtrssince 2020-Q1 | Decreased 0 |
SHOPIFY INC - CLASS A | 7.5M | $864.3M | 2.5% | $40.48 | +180.72% | 27 qtrssince 2018-Q4 | Decreased 0 |
SAMSARA INC | 19.3M | $766.8M | 2.2% | $37.07 | +6.82% | 15 qtrssince 2021-Q4 | Increased 63 |
NU HOLDINGS LTD/CAYMAN ISL-A | 54.5M | $747.8M | 2.1% | $7.69 | +72.25% | 15 qtrssince 2021-Q4 | Increased 58 |
BLOCK INC | 10.3M | $702.4M | 2.0% | $143.00 | -53.40% | 22 qtrssince 2020-Q1 | Increased 65 |
SANDS CAPITAL MANAGEMENT, LLC manages $34.8B across 66 positions as of Q2 2025. Top holdings: NVDA (9.8%), AMZN (5.8%), TSM (5.6%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 3/5.0.
Active quarter - 3 new positions, 12 exits, 25 increased. Top move: ICE (INCREASED, conviction 88). Portfolio: $34.8B across 66 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer