SANDS CAPITAL MANAGEMENT, LLC
Institutional investor · Portfolio as of Q3 2025
Top Holdings64 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 20.8M | $3.9B | 10.7% | $116.73 | +55.78% | 14 qtrssince 2022-Q2 | Decreased 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 9.3M | $2.6B | 7.1% | $134.42 | +102.72% | 28 qtrssince 2018-Q4 | Increased 67 |
AMAZON.COM INC | 8.4M | $1.8B | 5.1% | $112.62 | +97.27% | 28 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT CORP | 2.9M | $1.5B | 4.1% | $314.60 | +63.27% | 27 qtrssince 2019-Q1 | Decreased 0 |
VISA INC-CLASS A SHARES | 4M | $1.4B | 3.8% | $182.17 | +85.91% | 28 qtrssince 2018-Q4 | Decreased 0 |
NETFLIX INC | 1.1M | $1.3B | 3.7% | $38.30 | +215.02% | 28 qtrssince 2018-Q4 | Decreased 0 |
MERCADOLIBRE INC | 509,845 | $1.2B | 3.3% | $1,424.46 | +75.60% | 28 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 4.8M | $1.2B | 3.2% | $147.33 | +65.54% | 28 qtrssince 2018-Q4 | Increased 83 |
SERVICENOW INC | 1.2M | $1.1B | 3.2% | $98.10 | +91.82% | 28 qtrssince 2018-Q4 | Decreased 0 |
DOORDASH INC - A | 4M | $1.1B | 3.0% | $146.78 | +85.65% | 20 qtrssince 2020-Q4 | Decreased 0 |
SPOTIFY TECHNOLOGY SA | 1.5M | $1.1B | 3.0% | $447.44 | +62.81% | 5 qtrssince 2024-Q3 | Increased 62 |
AXON ENTERPRISE INC | 1.4M | $1B | 2.9% | $206.22 | +247.22% | 11 qtrssince 2023-Q1 | Decreased 0 |
SHOPIFY INC - CLASS A | 6.9M | $1B | 2.8% | $40.48 | +268.04% | 28 qtrssince 2018-Q4 | Decreased 0 |
META PLATFORMS INC-CLASS A | 1.4M | $1B | 2.8% | $353.86 | +109.91% | 10 qtrssince 2023-Q2 | Increased 58 |
INTERCONTINENTALEXCHANGE GRO COM | 5.7M | $956.5M | 2.6% | $161.34 | +3.81% | 28 qtrssince 2018-Q4 | Increased 59 |
SEA LTD-ADR | 4.9M | $872.8M | 2.4% | $99.76 | +81.88% | 28 qtrssince 2018-Q4 | Decreased 0 |
BLOCK INC | 11.6M | $838.6M | 2.3% | $135.64 | -44.42% | 23 qtrssince 2020-Q1 | Increased 61 |
CLOUDFLARE INC - CLASS A | 3.8M | $817.2M | 2.3% | $104.92 | +108.33% | 19 qtrssince 2021-Q1 | Decreased 0 |
NU HOLDINGS LTD/CAYMAN ISL-A | 50.6M | $809.5M | 2.2% | $7.69 | +107.35% | 16 qtrssince 2021-Q4 | Decreased 0 |
SAMSARA INC | 20.5M | $764.3M | 2.1% | $37.08 | +0.38% | 16 qtrssince 2021-Q4 | Increased 58 |
SANDS CAPITAL MANAGEMENT, LLC manages $36.2B across 64 positions as of Q3 2025. Top holdings: NVDA (10.7%), TSM (7.1%), AMZN (5.1%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 3/5.0.
Active quarter - 4 new positions, 6 exits, 28 increased. Top move: GOOGL (INCREASED, conviction 83). Portfolio: $36.2B across 64 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