Sands Capital Management
AXON

Sands Capital Management’s Axon Enterprise AXON Stock Holding History

Sands Capital Management’s Portfolio AXON Stock Details AXON Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$830M Sell
1,480,817
-83,687
-5% -$35M 3.08% 7
2026
Q1 		$664M Sell
1,564,504
-44,932
-3% -$23.3M 2.61% 15
2025
Q4 		$914M Buy
1,609,436
+167,095
+12% +$104M 2.78% 13
2025
Q3 		$1.04B Sell
1,442,341
-168,954
-10% -$128M 2.86% 12
2025
Q2 		$1.33B Sell
1,611,295
-288,527
-15% -$196M 3.83% 9
2025
Q1 		$999M Sell
1,899,822
-77,414
-4% -$45.3M 3.4% 10
2024
Q4 		$1.18B Sell
1,977,236
-133,107
-6% -$72.4M 3.48% 9
2024
Q3 		$843M Sell
2,110,343
-449,349
-18% -$155M 2.56% 13
2024
Q2 		$753M Buy
2,559,692
+29,598
+1% +$8.83M 2.21% 18
2024
Q1 		$792M Sell
2,530,094
-98,558
-4% -$27.4M 2.21% 20
2023
Q4 		$679M Buy
2,628,652
+16,347
+0.6% +$3.68M 2.06% 21
2023
Q3 		$520M Buy
2,612,305
+619,179
+31% +$122M 1.77% 22
2023
Q2 		$389M Buy
1,993,126
+1,004,556
+102% +$208M 1.21% 30
2023
Q1 		$222M Buy
+988,570
New +$197M 0.73% 38

Other funds holding AXON

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Sands Capital Management's AXON Position: Q2 2026 in Review

Sands Capital Management reduced its Axon Enterprise (AXON) stake by 5.3% in Q2 2026, selling an estimated $35M and leaving 1,480,817 shares worth $830M. The position accounts for 3.08% of the portfolio, ranked #7.

Sands Capital Management first reported a position in AXON in Q1 2023 and has held it in 14 quarters since. The position peaked at $1.33B in Q2 2025. 1,124 funds tracked by Wall St. Rank hold AXON as of Q2 2026.

  • Sands Capital Management held 1,480,817 shares of Axon Enterprise worth $830M as of Q2 2026.
  • Sands Capital Management sold 83,687 Axon Enterprise shares in Q2 2026, an estimated $35M.
  • Axon Enterprise made up 3.08% of Sands Capital Management's portfolio in Q2 2026, its #7 holding.
  • Sands Capital Management first reported a position in Axon Enterprise in Q1 2023 and has held it in 14 quarters since.
  • Sands Capital Management's Axon Enterprise position peaked at $1.33B in Q2 2025.
  • 1,124 funds tracked by Wall St. Rank held Axon Enterprise as of Q2 2026.

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