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Sands Capital Management

Sands Capital Management Portfolio holdings

AUM $26.9B
1-Year Est. Return 34.44%
This Fund
S&P 500
This Quarter Est. Return
+38.05%
1 Year Est. Return
+34.44%
3 Year Est. Return
+179.01%
5 Year Est. Return
+146.44%
10 Year Est. Return
+1,235.63%
AUM
$26.9B
AUM Growth
+$1.44B
Cap. Flow
-$3.32B
Cap. Flow %
-12.32%
Top 10 Hldgs %
47.62%
Holding
80
New
13
Increased
14
Reduced
43
Closed
9

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$395M
2
SPCX
SpaceX
SPCX
+$387M
3
BE icon
Bloom Energy
BE
+$294M
4
AMD icon
Advanced Micro Devices
AMD
+$276M
5
SNDK
Sandisk
SNDK
+$219M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$828M
2
TSM icon
TSMC
TSM
+$786M
3
AMZN icon
Amazon
AMZN
+$466M
4
NFLX icon
Netflix
NFLX
+$359M
5
NU icon
Nu Holdings
NU
+$295M

Sector Composition

Rank Sector Weight
1 Technology 46.5%
2 Communication Services 15.94%
3 Industrials 14.54%
4 Consumer Discretionary 13.28%
5 Financials 5.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.25T
$2.81B 10.45%
14,059,454
-4,026,288
-22% -$828M
TSM icon
2
TSMC
TSM
$2.17T
$1.87B 6.96%
3,925,440
-1,937,245
-33% -$786M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.24T
$1.75B 6.49%
4,893,397
-231,097
-5% -$83.2M
AMZN icon
4
Amazon
AMZN
$2.87T
$1.16B 4.3%
4,861,223
-1,857,832
-28% -$466M
ASML icon
5
ASML
ASML
$651B
$1.06B 3.94%
533,693
-106,140
-17% -$169M
BE icon
6
Bloom Energy
BE
$62.1B
$886M 3.29%
2,926,558
+1,147,520
+65% +$294M
AXON
7
Axon Enterprise
AXON
$48.8B
$830M 3.08%
1,480,817
-83,687
-5% -$35M
SHOP icon
8
Shopify
SHOP
$197B
$827M 3.07%
7,242,079
-1,693,587
-19% -$193M
V icon
9
Visa
V
$712B
$816M 3.03%
2,377,099
-393,332
-14% -$126M
SPOT icon
10
Spotify
SPOT
$113B
$809M 3%
1,761,206
-33,020
-2% -$15.7M
NET icon
11
Cloudflare
NET
$107B
$795M 2.95%
3,239,504
-422,245
-12% -$92.4M
STX icon
12
Seagate
STX
$188B
$696M 2.58%
720,741
+188,849
+36% +$144M
MELI icon
13
Mercado Libre
MELI
$99.7B
$642M 2.38%
378,208
-97,247
-20% -$166M
MU icon
14
Micron Technology
MU
$1.05T
$608M 2.26%
+526,810
New +$395M
CVNA icon
15
Carvana
CVNA
$53.3B
$557M 2.07%
8,462,945
-2,123,295
-20% -$150M
META icon
16
Meta Platforms (Facebook)
META
$1.47T
$546M 2.03%
969,879
-309,242
-24% -$189M
PWR icon
17
Quanta Services
PWR
$90.6B
$540M 2.01%
750,479
+124,131
+20% +$84.8M
ICE icon
18
Intercontinental Exchange
ICE
$91.1B
$499M 1.85%
4,055,771
-328,527
-7% -$49.3M
ISRG icon
19
Intuitive Surgical
ISRG
$132B
$498M 1.85%
1,252,424
-68,850
-5% -$30.1M
LRCX icon
20
Lam Research
LRCX
$378B
$491M 1.82%
1,133,965
+378,743
+50% +$115M
MSFT icon
21
Microsoft
MSFT
$3.81T
$488M 1.81%
1,309,230
-220,894
-14% -$89.4M
CRS icon
22
Carpenter Technology
CRS
$23.6B
$485M 1.8%
786,150
-37,127
-5% -$17.5M
DASH icon
23
DoorDash
DASH
$103B
$429M 1.59%
2,325,795
-1,631,265
-41% -$270M
APP icon
24
Applovin
APP
$106B
$429M 1.59%
831,697
-139,864
-14% -$67.5M
XYZ
25
Block Inc
XYZ
$50.2B
$428M 1.59%
5,632,505
+121,670
+2% +$8.55M
1
2 3 4

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SC
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NIM
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Sands Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Sands Capital Management held 80 positions worth $26.9B, up 5.7% from $25.5B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Sands Capital Management withdrew a net $3.32B in Q2 2026, closing 9 positions and reducing 43 holdings. Its most notable exit was Flutter Entertainment, an estimated $203M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 41% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Sands Capital Management opened a new position in Micron Technology worth $608M.

  • Sands Capital Management's largest Q2 2026 buy was Micron Technology: 526,810 shares worth $608M.
  • Sands Capital Management added most to Bloom Energy in Q2 2026, an estimated $294M increase.
  • Sands Capital Management's biggest Q2 2026 reduction was NVIDIA, cutting an estimated $828M.
  • Sands Capital Management fully exited Flutter Entertainment in Q2 2026, selling an estimated $203M.
  • Sands Capital Management's ten largest holdings make up 48% of its $26.9B portfolio in Q2 2026.
  • Sands Capital Management opened 13 new positions and closed 9 in Q2 2026.
  • Sands Capital Management's portfolio value rose 5.7% quarter-over-quarter to $26.9B.

Based on Sands Capital Management's 13F filing for Q2 2026, filed 13 Aug 2026.