SANDS CAPITAL MANAGEMENT, LLC
Institutional investor · Portfolio as of Q4 2025
Top Holdings66 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 20M | $3.7B | 11.4% | $116.73 | +60.67% | 15 qtrssince 2022-Q2 | Decreased 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 6.8M | $2.1B | 6.3% | $134.42 | +122.87% | 29 qtrssince 2018-Q4 | Decreased 0 |
AMAZON.COM INC | 7.4M | $1.7B | 5.2% | $112.62 | +106.46% | 29 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 4.9M | $1.5B | 4.7% | $153.00 | +105.14% | 29 qtrssince 2018-Q4 | Increased 61 |
SHOPIFY INC - CLASS A | 9.5M | $1.5B | 4.7% | $73.79 | +121.90% | 29 qtrssince 2018-Q4 | Increased 77 |
MICROSOFT CORP | 2.5M | $1.2B | 3.6% | $314.60 | +54.95% | 28 qtrssince 2019-Q1 | Decreased 0 |
VISA INC-CLASS A SHARES | 3.1M | $1.1B | 3.3% | $182.17 | +91.37% | 29 qtrssince 2018-Q4 | Decreased 0 |
CARVANA CO | 2.4M | $1B | 3.1% | $74.59 | +13.16% | 4 qtrssince 2025-Q1 | Increased 79 |
MERCADOLIBRE INC | 509,645 | $1B | 3.1% | $1,424.46 | +41.87% | 29 qtrssince 2018-Q4 | Decreased 0 |
DOORDASH INC - A | 4.5M | $1B | 3.1% | $155.34 | +46.86% | 21 qtrssince 2020-Q4 | Increased 65 |
APPLOVIN CORP-CLASS A | 1.5M | $986M | 3.0% | $464.76 | +44.98% | 5 qtrssince 2024-Q4 | Increased 74 |
NETFLIX INC | 10M | $939.8M | 2.9% | $87.58 | +7.08% | 29 qtrssince 2018-Q4 | Increased 88 |
AXON ENTERPRISE INC | 1.6M | $914M | 2.8% | $245.91 | +130.95% | 12 qtrssince 2023-Q1 | Increased 61 |
INTERCONTINENTALEXCHANGE GRO COM | 5.5M | $891.2M | 2.7% | $161.34 | +1.13% | 29 qtrssince 2018-Q4 | Decreased 0 |
SPOTIFY TECHNOLOGY SA | 1.5M | $853.6M | 2.6% | $447.44 | +28.88% | 6 qtrssince 2024-Q3 | Decreased 0 |
META PLATFORMS INC-CLASS A | 1.3M | $828.3M | 2.5% | $353.86 | +88.20% | 11 qtrssince 2023-Q2 | Decreased 0 |
INTUITIVE SURGICAL INC | 1.4M | $779.9M | 2.4% | $478.14 | +19.76% | 4 qtrssince 2025-Q1 | Increased 56 |
NU HOLDINGS LTD/CAYMAN ISL-A | 44.4M | $743.7M | 2.3% | $7.69 | +119.44% | 17 qtrssince 2021-Q4 | Decreased 0 |
CLOUDFLARE INC - CLASS A | 3.7M | $735.6M | 2.2% | $104.92 | +90.26% | 20 qtrssince 2021-Q1 | Decreased 0 |
BROADCOM INC | 2.1M | $731.8M | 2.2% | $208.60 | +65.31% | 4 qtrssince 2025-Q1 | Increased 56 |
SANDS CAPITAL MANAGEMENT, LLC manages $32.9B across 66 positions as of Q4 2025. Top holdings: NVDA (11.4%), TSM (6.3%), AMZN (5.2%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 3/5.0.
Active quarter - 6 new positions, 4 exits, 22 increased. Top move: NFLX (INCREASED, conviction 88). Portfolio: $32.9B 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