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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
+38.05%
1 Year Est. Return
+34.44%
3 Year Est. Return
+179.01%
5 Year Est. Return
+146.44%
10 Year Est. Return
+1,235.63%
AUM
$26.9B
AUM Growth
+$1.44B
Cap. Flow
-$3.32B
Cap. Flow %
-12.32%
Top 10 Hldgs %
47.62%
Holding
80
New
13
Increased
14
Reduced
43
Closed
9

Top Buys

Rank Stock Value
1
MU icon
Micron Technology
MU
+$395M
2
SPCX
SpaceX
SPCX
+$387M
3
BE icon
Bloom Energy
BE
+$294M
4
AMD icon
Advanced Micro Devices
AMD
+$276M
5
SNDK
Sandisk
SNDK
+$219M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$828M
2
TSM icon
TSMC
TSM
+$786M
3
AMZN icon
Amazon
AMZN
+$466M
4
NFLX icon
Netflix
NFLX
+$359M
5
NU icon
Nu Holdings
NU
+$295M

Sector Composition

Rank Sector Weight
1 Technology 46.5%
2 Communication Services 15.94%
3 Industrials 14.54%
4 Consumer Discretionary 13.28%
5 Financials 5.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGO icon
26
Broadcom
AVGO
$1.75T
$426M 1.58%
1,126,912
-275,923
-20% -$111M
AMD icon
27
Advanced Micro Devices
AMD
$760B
$391M 1.45%
+672,555
New +$276M
SPCX
28
SpaceX
SPCX
$1.87T
$389M 1.44%
+2,276,744
New +$387M
NFLX icon
29
Netflix
NFLX
$340B
$381M 1.42%
5,336,614
-4,078,054
-43% -$359M
IOT icon
30
Samsara
IOT
$24B
$368M 1.37%
11,348,732
-4,309,012
-28% -$133M
SNDK
31
Sandisk
SNDK
$217B
$348M 1.29%
+153,093
New +$219M
CSL icon
32
Carlisle Companies
CSL
$14.2B
$290M 1.08%
799,872
-119,742
-13% -$41.9M
SE icon
33
Sea Limited
SE
$73.1B
$287M 1.07%
2,998,337
-1,730,213
-37% -$152M
ARGX icon
34
argenx
ARGX
$64B
$277M 1.03%
298,599
-41,686
-12% -$34.4M
ONON icon
35
On Holding
ONON
$9.64B
$265M 0.98%
7,485,043
+1,159,496
+18% +$42.4M
DDOG icon
36
Datadog
DDOG
$85.1B
$260M 0.97%
999,799
-406,567
-29% -$75.6M
SPHR icon
37
Sphere Entertainment
SPHR
$5.09B
$235M 0.87%
+1,358,321
New +$189M
ARM icon
38
Arm
ARM
$255B
$228M 0.85%
+642,829
New +$171M
BLDR icon
39
Builders FirstSource
BLDR
$7.29B
$204M 0.76%
2,283,236
-337,849
-13% -$27M
NU icon
40
Nu Holdings
NU
$69.1B
$167M 0.62%
12,475,806
-21,866,415
-64% -$295M
FWONK icon
41
Liberty Media Series C
FWONK
$25.5B
$144M 0.53%
1,509,193
-50,567
-3% -$4.52M
MCK icon
42
McKesson
MCK
$104B
$139M 0.52%
183,535
-17,748
-9% -$14.1M
APH icon
43
Amphenol
APH
$194B
$135M 0.5%
763,951
-41,651
-5% -$6M
KSPI icon
44
Kaspi.kz JSC
KSPI
$20.2B
$133M 0.49%
1,531,017
-55,317
-3% -$4.69M
CPNG icon
45
Coupang
CPNG
$29.7B
$131M 0.49%
7,559,132
-1,613,055
-18% -$29.1M
TDG icon
46
TransDigm Group
TDG
$65.6B
$119M 0.44%
89,669
-4,672
-5% -$5.74M
RARE icon
47
Ultragenyx Pharmaceutical
RARE
$2.52B
$105M 0.39%
3,158,368
-56,165
-2% -$1.4M
RACE icon
48
Ferrari
RACE
$73.9B
$104M 0.39%
280,101
-7,608
-3% -$2.65M
WCN
49
Waste Connections
WCN
$41.7B
$102M 0.38%
609,721
-25,182
-4% -$3.99M
WWD icon
50
Woodward
WWD
$20.2B
$65.4M 0.24%
+153,660
New +$58.3M
1
2
3 4

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Sands Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Sands Capital Management held 80 positions worth $26.9B, up 5.7% from $25.5B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Sands Capital Management withdrew a net $3.32B in Q2 2026, closing 9 positions and reducing 43 holdings. Its most notable exit was Flutter Entertainment, an estimated $203M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 41% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Sands Capital Management opened a new position in Micron Technology worth $608M.

  • Sands Capital Management's largest Q2 2026 buy was Micron Technology: 526,810 shares worth $608M.
  • Sands Capital Management added most to Bloom Energy in Q2 2026, an estimated $294M increase.
  • Sands Capital Management's biggest Q2 2026 reduction was NVIDIA, cutting an estimated $828M.
  • Sands Capital Management fully exited Flutter Entertainment in Q2 2026, selling an estimated $203M.
  • Sands Capital Management's ten largest holdings make up 48% of its $26.9B portfolio in Q2 2026.
  • Sands Capital Management opened 13 new positions and closed 9 in Q2 2026.
  • Sands Capital Management's portfolio value rose 5.7% quarter-over-quarter to $26.9B.

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