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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
GRAB icon
51
Grab
GRAB
$14.8B
$61.8M 0.23%
16,385,578
+7,263,146
+80% +$26.5M
LLY icon
52
Eli Lilly
LLY
$1.05T
$54.4M 0.2%
45,332
+12,445
+38% +$12.7M
YMM icon
53
Full Truck Alliance
YMM
$9.14B
$34.9M 0.13%
4,294,886
-675,893
-14% -$5.75M
LIN icon
54
Linde
LIN
$226B
$28.4M 0.11%
54,778
+185
+0.3% +$93.7K
HDB icon
55
HDFC Bank
HDB
$119B
$22.4M 0.08%
865,858
-41,794
-5% -$1.05M
AAPL icon
56
Apple
AAPL
$4.67T
$13.2M 0.05%
45,598
+42,379
+1,317% +$12.1M
PANW icon
57
Palo Alto Networks
PANW
$303B
$10.7M 0.04%
31,312
-129,766
-81% -$29.7M
STVN icon
58
Stevanato
STVN
$5.74B
$9.48M 0.04%
524,481
+27,171
+5% +$459K
CRWD icon
59
CrowdStrike
CRWD
$224B
$7.65M 0.03%
+40,080
New +$5.69M
INTC icon
60
Intel
INTC
$473B
$5.46M 0.02%
+39,132
New +$3.96M
HOOD icon
61
Robinhood
HOOD
$93.7B
$5.32M 0.02%
53,032
+49,286
+1,316% +$4.13M
TTMI icon
62
TTM Technologies
TTMI
$12.5B
$4.42M 0.02%
+23,625
New +$3.81M
GTLB icon
63
GitLab
GTLB
$7.58B
$3.89M 0.01%
127,475
– –
AVAV icon
64
AeroVironment
AVAV
$7.52B
$3.14M 0.01%
18,993
+17,651
+1,315% +$3.16M
KVYO icon
65
Klaviyo
KVYO
$5.74B
$3M 0.01%
198,806
-396,354
-67% -$6.57M
IWF icon
66
iShares Russell 1000 Growth ETF
IWF
$126B
$2.76M 0.01%
+22,200
New +$2.68M
LITE icon
67
Lumentum
LITE
$80.3B
$2.54M 0.01%
2,961
+2,649
+849% +$2.36M
CBRS
68
Cerebras Systems
CBRS
$42.5B
$2.52M 0.01%
+11,419
New +$2.69M
PLTR icon
69
Palantir
PLTR
$448B
$2.09M 0.01%
17,944
-4,975
-22% -$679K
BABA icon
70
Alibaba
BABA
$296B
$667K ﹤0.01%
6,950
-843
-11% -$106K
TBBB icon
71
BBB Foods
TBBB
$5.91B
$262K ﹤0.01%
+6,281
New +$240K
ANET icon
72
Arista Networks
ANET
$246B
– –
-2,698
Closed -$331K
BSX icon
73
Boston Scientific
BSX
$67.9B
– –
-736,109
Closed -$46.2M
NOW icon
74
ServiceNow
NOW
$150B
– –
-31,521
Closed -$3.3M
RBLX icon
75
Roblox
RBLX
$27.5B
– –
-2,726,701
Closed -$154M
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.