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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
(-22%)
Cap. Flow
-$3.57B
Cap. Flow
% of AUM
-14.02%
Top 10 Holdings %
Top 10 Hldgs %
52.37%
Holding
75
New
9
Increased
9
Reduced
48
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bloom Energy
BE
|
+$261M |
| 2 |
Seagate
STX
|
+$203M |
| 3 |
Lam Research
LRCX
|
+$169M |
| 4 |
Spotify
SPOT
|
+$163M |
| 5 |
Carpenter Technology
CRS
|
+$73.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$448M |
| 2 |
Microsoft
MSFT
|
+$394M |
| 3 |
NVIDIA
NVDA
|
+$359M |
| 4 |
TSMC
TSM
|
+$332M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
26
Carpenter Technology
CRS
$30B
| $324M | 1.27% |
823,277
+201,593
| +32% | +$73.4M |
|
27
Carlisle Companies
CSL
$13.6B
| $307M | 1.2% |
919,614
-48,026
| -5% | -$17.5M |
|
28
argenx
ARGX
$57.4B
| $248M | 0.98% |
340,285
-16,585
| -5% | -$13M |
|
|
29
Bloom Energy
BE
$52.6B
| $241M | 0.95% |
+1,779,038
| New | +$261M |
|
30
Builders FirstSource
BLDR
$7.84B
| $216M | 0.85% |
2,621,085
-136,884
| -5% | -$14.6M |
|
31
On Holding
ONON
$11.9B
| $215M | 0.84% |
6,325,547
-309,503
| -5% | -$13.5M |
|
|
32
Seagate
STX
$193B
| $208M | 0.82% |
+531,892
| New | +$203M |
|
33
Flutter Entertainment
FLUT
$17.6B
| $203M | 0.8% |
1,988,830
-98,218
| -5% | -$14.2M |
|
34
Tetra Tech
TTEK
$8.23B
| $201M | 0.79% |
6,658,823
-348,181
| -5% | -$12.3M |
|
35
McKesson
MCK
$98.5B
| $174M | 0.68% |
201,283
+27,015
| +16% | +$24.1M |
|
36
Coupang
CPNG
$27.8B
| $173M | 0.68% |
9,172,187
-1,147,478
| -11% | -$22.5M |
|
37
Datadog
DDOG
$87.9B
| $166M | 0.65% |
1,406,366
-107,434
| -7% | -$13.3M |
|
|
38
Lam Research
LRCX
$382B
| $161M | 0.63% |
+755,222
| New | +$169M |
|
39
Roblox
RBLX
$34B
| $154M | 0.61% |
2,726,701
-456,698
| -14% | -$30.7M |
|
40
Liberty Media Series C
FWONK
$24.3B
| $133M | 0.52% |
1,559,760
-522,753
| -25% | -$45.7M |
|
41
Kaspi.kz JSC
KSPI
$16.3B
| $117M | 0.46% |
1,586,334
-362,427
| -19% | -$27.3M |
|
42
TransDigm Group
TDG
$69.2B
| $109M | 0.43% |
94,341
-8,838
| -9% | -$11.6M |
|
|
WCN
43
Waste Connections
WCN
$42.8B
| $103M | 0.4% |
634,903
-330,977
| -34% | -$55.2M |
|
44
Amphenol
APH
$188B
| $102M | 0.4% |
805,602
-73,402
| -8% | -$10.3M |
|
45
Ferrari
RACE
$63.3B
| $97.4M | 0.38% |
287,709
-22,274
| -7% | -$7.79M |
|
46
Ultragenyx Pharmaceutical
RARE
$2.65B
| $67.3M | 0.26% |
3,214,533
-271,191
| -8% | -$6.11M |
|
47
Boston Scientific
BSX
$65.8B
| $46.2M | 0.18% |
736,109
-69,055
| -9% | -$5.52M |
|
48
Full Truck Alliance
YMM
$9.56B
| $41.3M | 0.16% |
4,970,779
-1,152,989
| -19% | -$11M |
|
49
Grab
GRAB
$13.5B
| $33.4M | 0.13% |
9,122,432
-2,121,623
| -19% | -$9M |
|
50
Eli Lilly
LLY
$1.07T
| $30.2M | 0.12% |
+32,887
| New | +$33.3M |
|
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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.