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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
+14.2%
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
$32.2B
AUM Growth
+$1.85B
(+6.1%)
Cap. Flow
-$1.11B
Cap. Flow
% of AUM
-3.46%
Top 10 Holdings %
Top 10 Hldgs %
44.5%
Holding
69
New
3
Increased
8
Reduced
53
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$677M |
| 2 |
Meta Platforms (Facebook)
META
|
+$483M |
| 3 |
NVIDIA
NVDA
|
+$394M |
| 4 |
AXON
Axon Enterprise
AXON
|
+$208M |
| 5 |
Ultragenyx Pharmaceutical
RARE
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$435M |
| 2 |
Shopify
SHOP
|
+$412M |
| 3 |
Warner Music
WMG
|
+$343M |
| 4 |
Cloudflare
NET
|
+$194M |
| 5 |
Visa
V
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.24% |
| 2 | Consumer Discretionary | 20.56% |
| 3 | Healthcare | 12.65% |
| 4 | Communication Services | 9.48% |
| 5 | Financials | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Aptiv
APTV
$12B
| $443M | 1.37% |
4,335,799
-60,662
| -1% | -$6M |
|
27
Edwards Lifesciences
EW
$49.6B
| $440M | 1.37% |
4,663,213
-1,544,611
| -25% | -$134M |
|
28
Uber
UBER
$143B
| $440M | 1.37% |
10,186,630
-625,042
| -6% | -$23.2M |
|
29
Okta
OKTA
$24.7B
| $398M | 1.24% |
5,735,691
-74,166
| -1% | -$5.63M |
|
|
AXON
30
Axon Enterprise
AXON
$42.5B
| $389M | 1.21% |
1,993,126
+1,004,556
| +102% | +$208M |
|
31
Airbnb
ABNB
$89.9B
| $364M | 1.13% |
2,842,641
-110,348
| -4% | -$12.9M |
|
32
Nu Holdings
NU
$69.2B
| $331M | 1.03% |
41,953,429
-107,627
| -0.3% | -$661K |
|
33
Globant
GLOB
$1.58B
| $274M | 0.85% |
1,522,069
+114,126
| +8% | +$18.7M |
|
34
Floor & Decor
FND
$6.13B
| $266M | 0.83% |
2,555,728
-773,205
| -23% | -$73.9M |
|
35
XP
XP
$8.81B
| $262M | 0.81% |
11,186,052
-13,806
| -0.1% | -$234K |
|
36
iRhythm Holdings
IRTC
$3.85B
| $249M | 0.77% |
2,386,585
-31,814
| -1% | -$3.82M |
|
37
Match Group
MTCH
$9.19B
| $240M | 0.75% |
5,737,364
-328,980
| -5% | -$12M |
|
38
Coupang
CPNG
$29.3B
| $237M | 0.74% |
13,632,642
+1,777,182
| +15% | +$29M |
|
39
10x Genomics
TXG
$6B
| $230M | 0.71% |
4,120,269
+382,501
| +10% | +$20.7M |
|
40
Repligen
RGEN
$7.96B
| $226M | 0.7% |
1,594,179
-20,672
| -1% | -$3.31M |
|
41
Roper Technologies
ROP
$38.8B
| $200M | 0.62% |
416,363
-10,432
| -2% | -$4.72M |
|
42
Liberty Media Series C
FWONK
$24.6B
| $195M | 0.6% |
2,676,158
-62,404
| -2% | -$4.44M |
|
43
HDFC Bank
HDB
$123B
| $185M | 0.57% |
5,304,154
-110,208
| -2% | -$3.72M |
|
44
TransDigm Group
TDG
$70.2B
| $137M | 0.42% |
152,980
-3,206
| -2% | -$2.54M |
|
45
Charter Communications
CHTR
$17.3B
| $124M | 0.38% |
337,316
-466,178
| -58% | -$159M |
|
|
46
Ultragenyx Pharmaceutical
RARE
$2.45B
| $123M | 0.38% |
+2,673,638
| New | +$124M |
|
47
IQVIA
IQV
$38.7B
| $122M | 0.38% |
540,585
-11,326
| -2% | -$2.27M |
|
48
Texas Instruments
TXN
$252B
| $121M | 0.38% |
673,819
-42,939
| -6% | -$7.39M |
|
49
Steris
STE
$22.3B
| $95.5M | 0.3% |
424,260
-8,733
| -2% | -$1.75M |
|
50
Alphabet (Google) Class C
GOOG
$4.36T
| $93M | 0.29% |
768,940
-657,177
| -46% | -$76.1M |
|
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Sands Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Sands Capital Management held 69 positions worth $32.2B, up 6.1% from $30.4B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Sands Capital Management withdrew a net $1.11B in Q2 2023, closing 3 positions and reducing 53 holdings. Its most notable exit was Warner Music, an estimated $343M position sold in full.
By sector, the portfolio is most concentrated in Technology at 44% of assets, up from 41% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Sands Capital Management opened a new position in Meta Platforms (Facebook) worth $562M.
- Sands Capital Management's largest Q2 2023 buy was Meta Platforms (Facebook): 1,956,686 shares worth $562M.
- Sands Capital Management added most to Microsoft in Q2 2023, an estimated $677M increase.
- Sands Capital Management's biggest Q2 2023 reduction was Intuit, cutting an estimated $435M.
- Sands Capital Management fully exited Warner Music in Q2 2023, selling an estimated $343M.
- Sands Capital Management's ten largest holdings make up 45% of its $32.2B portfolio in Q2 2023.
- Sands Capital Management opened 3 new positions and closed 3 in Q2 2023.
- Sands Capital Management's portfolio value rose 6.1% quarter-over-quarter to $32.2B.
Based on Sands Capital Management's 13F filing for Q2 2023, filed 15 Aug 2023.