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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
+13.61%
1 Year Est. Return
+26.46%
3 Year Est. Return
+130.81%
5 Year Est. Return
+100.92%
10 Year Est. Return
+877.1%
AUM
$33.8B
AUM Growth
+$848M
Cap. Flow
-$2.12B
Cap. Flow %
-6.26%
Top 10 Hldgs %
47.48%
Holding
76
New
9
Increased
14
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$369M
2
NOW icon
ServiceNow
NOW
+$272M
3
APP icon
Applovin
APP
+$209M
4
TTEK icon
Tetra Tech
TTEK
+$195M
5
NET icon
Cloudflare
NET
+$139M

Top Sells

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$673M
2
OKTA icon
Okta
OKTA
+$633M
3
EW icon
Edwards Lifesciences
EW
+$372M
4
FND icon
Floor & Decor
FND
+$230M
5
ALGN icon
Align Technology
ALGN
+$204M

Sector Composition

Rank Sector Weight
1 Technology 47.56%
2 Consumer Discretionary 20.92%
3 Communication Services 13.7%
4 Financials 7.95%
5 Healthcare 4.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IOT icon
26
Samsara
IOT
$23.5B
$453M 1.34%
10,369,764
+2,154,027
+26% +$106M
SNOW icon
27
Snowflake
SNOW
$116B
$451M 1.33%
2,917,641
-110,195
-4% -$15.5M
ICE icon
28
Intercontinental Exchange
ICE
$84.9B
$409M 1.21%
2,744,278
+539,883
+24% +$85.5M
NKE icon
29
Nike
NKE
$61.3B
$299M 0.89%
3,957,012
-159,738
-4% -$12.5M
CPNG icon
30
Coupang
CPNG
$29.7B
$287M 0.85%
13,052,550
-32,986
-0.3% -$810K
IRTC icon
31
iRhythm Holdings
IRTC
$4.02B
$286M 0.85%
3,176,702
+1,053,811
+50% +$82.8M
APP icon
32
Applovin
APP
$107B
$268M 0.79%
+826,394
New +$209M
RBLX icon
33
Roblox
RBLX
$25.9B
$244M 0.72%
4,215,531
-201,087
-5% -$10.1M
UBER icon
34
Uber
UBER
$160B
$243M 0.72%
4,023,173
+1,336,921
+50% +$95.5M
FWONK icon
35
Liberty Media Series C
FWONK
$25.7B
$232M 0.69%
2,504,064
-32,742
-1% -$2.78M
GLOB icon
36
Globant
GLOB
$1.68B
$213M 0.63%
991,370
-30,454
-3% -$6.64M
RGEN icon
37
Repligen
RGEN
$9.3B
$196M 0.58%
1,364,258
-54,805
-4% -$7.86M
HDB icon
38
HDFC Bank
HDB
$120B
$184M 0.54%
5,752,504
-30,322
-0.5% -$970K
RARE icon
39
Ultragenyx Pharmaceutical
RARE
$2.66B
$181M 0.54%
4,298,003
-820,252
-16% -$40.7M
TTEK icon
40
Tetra Tech
TTEK
$9.06B
$173M 0.51%
+4,338,203
New +$195M
ROP icon
41
Roper Technologies
ROP
$39.5B
$169M 0.5%
325,962
-66,317
-17% -$36.4M
KSPI icon
42
Kaspi.kz JSC
KSPI
$18.1B
$137M 0.4%
1,441,486
-36,728
-2% -$3.93M
ABNB icon
43
Airbnb
ABNB
$111B
$132M 0.39%
1,002,322
-47,140
-4% -$6.35M
GOOG icon
44
Alphabet (Google) Class C
GOOG
$4.19T
$125M 0.37%
657,443
-26,793
-4% -$4.73M
HTHT icon
45
Huazhu Hotels Group
HTHT
$12.8B
$112M 0.33%
+3,400,833
New +$123M
TDG icon
46
TransDigm Group
TDG
$68.7B
$109M 0.32%
86,405
-28,731
-25% -$37.9M
RACE icon
47
Ferrari
RACE
$72.1B
$105M 0.31%
248,314
+39,697
+19% +$17.9M
WCN
48
Waste Connections
WCN
$42B
$102M 0.3%
596,885
+152,175
+34% +$27.7M
GRAB icon
49
Grab
GRAB
$15.3B
$101M 0.3%
21,377,711
-596,793
-3% -$2.72M
UNH icon
50
UnitedHealth
UNH
$361B
$88.9M 0.26%
175,714
-56,119
-24% -$31.9M
1
2
3 4

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Sands Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Sands Capital Management held 76 positions worth $33.8B, up 2.6% from $32.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Sands Capital Management withdrew a net $2.12B in Q4 2024, closing 5 positions and reducing 45 holdings. Its most notable exit was Lam Research, an estimated $673M position sold in full.

By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 48% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Sands Capital Management opened a new position in Applovin worth $268M.

  • Sands Capital Management's largest Q4 2024 buy was Applovin: 826,394 shares worth $268M.
  • Sands Capital Management added most to Spotify in Q4 2024, an estimated $369M increase.
  • Sands Capital Management's biggest Q4 2024 reduction was Okta, cutting an estimated $633M.
  • Sands Capital Management fully exited Lam Research in Q4 2024, selling an estimated $673M.
  • Sands Capital Management's ten largest holdings make up 47% of its $33.8B portfolio in Q4 2024.
  • Sands Capital Management opened 9 new positions and closed 5 in Q4 2024.
  • Sands Capital Management's portfolio value rose 2.6% quarter-over-quarter to $33.8B.

Based on Sands Capital Management's 13F filing for Q4 2024, filed 13 Feb 2025.