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Sands Capital Management

Sands Capital Management Portfolio holdings

AUM $25.5B
1-Year Est. Return 26.46%
This Fund
S&P 500
This Quarter Est. Return
-8.02%
1 Year Est. Return
+26.46%
3 Year Est. Return
+130.81%
5 Year Est. Return
+100.92%
10 Year Est. Return
+877.17%
AUM
$25.5B
AUM Growth
-$7.39B
Cap. Flow
-$3.57B
Cap. Flow %
-14.02%
Top 10 Hldgs %
52.37%
Holding
75
New
9
Increased
9
Reduced
48
Closed
8

Top Buys

Rank Stock Value
1
BE icon
Bloom Energy
BE
+$261M
2
STX icon
Seagate
STX
+$203M
3
LRCX icon
Lam Research
LRCX
+$169M
4
SPOT icon
Spotify
SPOT
+$163M
5
CRS icon
Carpenter Technology
CRS
+$73.4M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$448M
2
MSFT icon
Microsoft
MSFT
+$394M
3
NVDA icon
NVIDIA
NVDA
+$359M
4
TSM icon
TSMC
TSM
+$332M
5
IRTC icon
iRhythm Holdings
IRTC
+$302M

Sector Composition

Rank Sector Weight
1 Technology 41.23%
2 Communication Services 18.26%
3 Consumer Discretionary 17.9%
4 Industrials 9.85%
5 Financials 8.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$5.02T
$3.15B 12.38%
18,085,742
-1,957,829
-10% -$359M
TSM icon
2
TSMC
TSM
$2.2T
$1.98B 7.77%
5,862,685
-963,490
-14% -$332M
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.24T
$1.47B 5.78%
5,124,494
+185,445
+4% +$58.3M
AMZN icon
4
Amazon
AMZN
$2.66T
$1.4B 5.49%
6,719,055
-720,957
-10% -$159M
SHOP icon
5
Shopify
SHOP
$160B
$1.06B 4.16%
8,935,666
-570,370
-6% -$74.9M
NFLX icon
6
Netflix
NFLX
$286B
$905M 3.55%
9,414,668
-608,420
-6% -$53.6M
SPOT icon
7
Spotify
SPOT
$101B
$870M 3.41%
1,794,226
+324,378
+22% +$163M
ASML icon
8
ASML
ASML
$692B
$845M 3.32%
639,833
-30,152
-5% -$41.3M
V icon
9
Visa
V
$677B
$837M 3.29%
2,770,431
-319,698
-10% -$103M
MELI icon
10
Mercado Libre
MELI
$92.4B
$822M 3.23%
475,455
-34,190
-7% -$66M
NET icon
11
Cloudflare
NET
$96.7B
$756M 2.96%
3,661,749
-69,538
-2% -$13.3M
META icon
12
Meta Platforms (Facebook)
META
$1.63T
$732M 2.87%
1,279,121
+24,250
+2% +$15.5M
ICE icon
13
Intercontinental Exchange
ICE
$78.4B
$690M 2.71%
4,384,298
-1,118,598
-20% -$182M
CVNA icon
14
Carvana
CVNA
$47B
$666M 2.61%
10,586,240
-1,626,430
-13% -$121M
AXON
15
Axon Enterprise
AXON
$42.5B
$664M 2.61%
1,564,504
-44,932
-3% -$23.3M
ISRG icon
16
Intuitive Surgical
ISRG
$124B
$609M 2.39%
1,321,274
-55,684
-4% -$28.2M
DASH icon
17
DoorDash
DASH
$81.9B
$594M 2.33%
3,957,060
-539,547
-12% -$99.7M
MSFT icon
18
Microsoft
MSFT
$2.95T
$566M 2.22%
1,530,124
-940,645
-38% -$394M
IOT icon
19
Samsara
IOT
$21B
$496M 1.95%
15,657,744
-3,465,574
-18% -$106M
NU icon
20
Nu Holdings
NU
$69.5B
$493M 1.94%
34,342,221
-10,081,674
-23% -$163M
AVGO icon
21
Broadcom
AVGO
$1.84T
$434M 1.7%
1,402,835
-711,686
-34% -$234M
SE icon
22
Sea Limited
SE
$65.1B
$392M 1.54%
4,728,550
-772,463
-14% -$82.8M
APP icon
23
Applovin
APP
$143B
$387M 1.52%
971,561
-491,790
-34% -$238M
PWR icon
24
Quanta Services
PWR
$95.9B
$344M 1.35%
626,348
+49,452
+9% +$25.5M
XYZ
25
Block Inc
XYZ
$47.8B
$332M 1.3%
5,510,835
-419,048
-7% -$25.5M
1
2 3

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Sands Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Sands Capital Management held 75 positions worth $25.5B, down 22% from $32.9B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Sands Capital Management withdrew a net $3.57B in Q1 2026, closing 8 positions and reducing 48 holdings. Its most notable exit was iRhythm Holdings, an estimated $302M position sold in full.

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

Against the trend, Sands Capital Management opened a new position in Bloom Energy worth $241M.

  • Sands Capital Management's largest Q1 2026 buy was Bloom Energy: 1,779,038 shares worth $241M.
  • Sands Capital Management added most to Spotify in Q1 2026, an estimated $163M increase.
  • Sands Capital Management's biggest Q1 2026 reduction was ServiceNow, cutting an estimated $448M.
  • Sands Capital Management fully exited iRhythm Holdings in Q1 2026, selling an estimated $302M.
  • Sands Capital Management's ten largest holdings make up 52% of its $25.5B portfolio in Q1 2026.
  • Sands Capital Management opened 9 new positions and closed 8 in Q1 2026.
  • Sands Capital Management's portfolio value fell 22% quarter-over-quarter to $25.5B.

Based on Sands Capital Management's 13F filing for Q1 2026, filed 8 May 2026.