Sands Capital Management, LLC
Institutional investor · Portfolio as of Q2 2026
Top Holdings71 positions
 NVIDIA Corporation | 14.1M | $2.8B | 10.4% | $39.27 | +330.02% | 17 qtrssince 2022-Q2 | Decreased 0 |
 Taiwan Semiconductor Manufacturing Company Ltd. | 3.9M | $1.9B | 7.0% | $128.68 | +208.12% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Alphabet Inc. | 4.9M | $1.7B | 6.5% | $135.52 | +120.41% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Amazon.com, Inc. | 4.9M | $1.2B | 4.3% | $97.49 | +174.32% | 31 qtrssince 2018-Q4 | Decreased 0 |
 ASML Holding N.V. | 533,693 | $1.1B | 3.9% | $549.12 | +174.60% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Bloom Energy Corporation | 2.9M | $885.9M | 3.3% | $201.05 | +0.44% | 2 qtrssince 2026-Q1 | Increased 85 |
 Axon Enterprise, Inc. | 1.5M | $830.2M | 3.1% | $245.91 | +24.89% | 14 qtrssince 2023-Q1 | Decreased 0 |
 Shopify Inc. | 7.2M | $826.9M | 3.1% | $83.74 | +75.08% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Visa Inc. | 2.4M | $815.6M | 3.0% | $146.46 | +188.82% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Spotify Technology S.A. | 1.8M | $808.6M | 3.0% | $449.38 | +33.18% | 8 qtrssince 2024-Q3 | Decreased 0 |
 Cloudflare, Inc. | 3.2M | $794.6M | 3.0% | $103.59 | +207.48% | 22 qtrssince 2021-Q1 | Decreased 0 |
 Seagate Technology Holdings PLC | 720,741 | $695.5M | 2.6% | $541.32 | -7.33% | 2 qtrssince 2026-Q1 | Increased 70 |
 MercadoLibre, Inc. | 378,208 | $642M | 2.4% | $1,181.10 | +24.89% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Micron Technology, Inc. | 526,810 | $608.1M | 2.3% | $1,153.93 | -37.16% | 1 qtr | New 81 |
 Carvana Co. | 8.5M | $557M | 2.1% | $74.59 | -5.03% | 6 qtrssince 2025-Q1 | Decreased 0 |
 Meta Platforms, Inc. | 969,879 | $546.3M | 2.0% | $360.45 | +77.94% | 13 qtrssince 2023-Q2 | Decreased 0 |
 Quanta Services, Inc. | 750,479 | $540.4M | 2.0% | $479.40 | +26.44% | 3 qtrssince 2025-Q4 | Increased 64 |
 Intercontinental Exchange Inc. | 4.1M | $499.3M | 1.9% | $160.36 | +10.91% | 31 qtrssince 2018-Q4 | Decreased 0 |
 Intuitive Surgical, Inc. | 1.3M | $498.1M | 1.8% | $484.23 | -7.06% | 6 qtrssince 2025-Q1 | Decreased 0 |
 Lam Research Corporation | 1.1M | $491.4M | 1.8% | $286.62 | -22.41% | 2 qtrssince 2026-Q1 | Increased 68 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2025-Q1 | $29,394,787,390 | -13.0223227621% |
| 2025-Q2 | $34,831,307,652 | 18.4948446467% |
| 2025-Q3 | $36,248,203,507 | 4.06788016447% |
| 2025-Q4 | $32,875,165,743 | -9.3053929234% |
| 2026-Q1 | $25,486,826,915 | -22.473921153% |
| 2026-Q2 | $26,928,187,141 | 5.65531453094% |
Sands Capital Management, LLC manages $26.9B across 71 positions as of Q2 2026. Top holdings: NVDA (10.4%), TSM (7.0%), GOOGL (6.5%). Fund DNA: Concentrated Value. HoldingsIntel Score: 3/5.0.
Active quarter - 13 new positions, 9 exits, 14 increased. Top move: BE (INCREASED, conviction 85). Portfolio: $26.9B across 71 positions.
Top holdings by portfolio weight
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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
Verify source filings on SEC EDGAR