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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
(+5.7%)
Cap. Flow
-$3.32B
Cap. Flow
% of AUM
-12.32%
Top 10 Holdings %
Top 10 Hldgs %
47.62%
Holding
80
New
13
Increased
14
Reduced
43
Closed
9
Avg Time Held
12.9
quarters
Top 10 Avg Time Held
11.8
quarters
Top 20 Avg Time Held
10.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$395M |
| 2 |
SpaceX
SPCX
|
+$387M |
| 3 |
Bloom Energy
BE
|
+$294M |
| 4 |
Advanced Micro Devices
AMD
|
+$276M |
| 5 |
Sandisk
SNDK
|
+$219M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$828M |
| 2 |
TSMC
TSM
|
+$786M |
| 3 |
Amazon
AMZN
|
+$466M |
| 4 |
Netflix
NFLX
|
+$359M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.46T
| $2.81B | 10.45% |
14,059,454
-4,026,288
| -22% | -$828M |
2022 Q2
16 quarters
|
|
|
2
TSMC
TSM
$2.3T
| $1.87B | 6.96% |
3,925,440
-1,937,245
| -33% | -$786M |
2015 Q3
43 quarters
|
|
3
Alphabet (Google) Class A
GOOGL
$4.31T
| $1.75B | 6.49% |
4,893,397
-231,097
| -5% | -$83.2M |
2015 Q4
42 quarters
|
|
|
4
Amazon
AMZN
$2.8T
| $1.16B | 4.3% |
4,861,223
-1,857,832
| -28% | -$466M |
2015 Q3
43 quarters
|
|
5
ASML
ASML
$672B
| $1.06B | 3.94% |
533,693
-106,140
| -17% | -$169M |
2013 Q2
52 quarters
|
|
|
6
Bloom Energy
BE
$77.2B
| $886M | 3.29% |
2,926,558
+1,147,520
| +65% | +$294M |
2026 Q1
1 quarter
|
|
7
Axon Enterprise
AXON
$33.7B
| $830M | 3.08% |
1,480,817
-83,687
| -5% | -$35M |
2023 Q1
13 quarters
|
|
8
Shopify
SHOP
$231B
| $827M | 3.07% |
7,242,079
-1,693,587
| -19% | -$193M |
2017 Q1
37 quarters
|
|
9
Visa
V
$731B
| $816M | 3.03% |
2,377,099
-393,332
| -14% | -$126M |
2013 Q2
52 quarters
|
|
10
Spotify
SPOT
$109B
| $809M | 3% |
1,761,206
-33,020
| -2% | -$15.7M |
2024 Q3
7 quarters
|
|
11
Cloudflare
NET
$125B
| $795M | 2.95% |
3,239,504
-422,245
| -12% | -$92.4M |
2021 Q1
21 quarters
|
|
12
Seagate
STX
$171B
| $696M | 2.58% |
720,741
+188,849
| +36% | +$144M |
2026 Q1
1 quarter
|
|
13
Mercado Libre
MELI
$95.9B
| $642M | 2.38% |
378,208
-97,247
| -20% | -$166M |
2013 Q2
52 quarters
|
|
|
14
Micron Technology
MU
$1.12T
| $608M | 2.26% |
+526,810
| New | +$395M |
2026 Q2
0 quarters
|
|
15
Carvana
CVNA
$42.8B
| $557M | 2.07% |
8,462,945
-2,123,295
| -20% | -$150M |
2025 Q1
5 quarters
|
|
16
Meta Platforms (Facebook)
META
$1.89T
| $546M | 2.03% |
969,879
-309,242
| -24% | -$189M |
2023 Q2
12 quarters
|
|
17
Quanta Services
PWR
$104B
| $540M | 2.01% |
750,479
+124,131
| +20% | +$84.8M |
2025 Q4
2 quarters
|
|
18
Intercontinental Exchange
ICE
$88.4B
| $499M | 1.85% |
4,055,771
-328,527
| -7% | -$49.3M |
2017 Q1
37 quarters
|
|
19
Intuitive Surgical
ISRG
$151B
| $498M | 1.85% |
1,252,424
-68,850
| -5% | -$30.1M |
2025 Q1
5 quarters
|
|
20
Lam Research
LRCX
$387B
| $491M | 1.82% |
1,133,965
+378,743
| +50% | +$115M |
2026 Q1
1 quarter
|
|
21
Microsoft
MSFT
$4.02T
| $488M | 1.81% |
1,309,230
-220,894
| -14% | -$89.4M |
2019 Q1
29 quarters
|
|
22
Carpenter Technology
CRS
$18.7B
| $485M | 1.8% |
786,150
-37,127
| -5% | -$17.5M |
2025 Q4
2 quarters
|
|
23
DoorDash
DASH
$84.2B
| $429M | 1.59% |
2,325,795
-1,631,265
| -41% | -$270M |
2020 Q4
22 quarters
|
|
24
Applovin
APP
$90.6B
| $429M | 1.59% |
831,697
-139,864
| -14% | -$67.5M |
2024 Q4
6 quarters
|
|
25
Block Inc
XYZ
$46.2B
| $428M | 1.59% |
5,632,505
+121,670
| +2% | +$8.55M |
2020 Q1
25 quarters
|
|
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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.