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Sands Capital Management

Sands Capital Management Portfolio holdings

AUM $26.9B
1-Year Est. Return 34.44%
This Fund
S&P 500
This Quarter Est. Return
+13.61%
1 Year Est. Return
+34.44%
3 Year Est. Return
+179.01%
5 Year Est. Return
+146.44%
10 Year Est. Return
+1,235.62%
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
LRCX icon
76
Lam Research
LRCX
$421B
– –
-8,241,140
Closed -$673M
1 2 3
4

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N
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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.