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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
+29.86%
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
$34.8B
AUM Growth
+$5.44B
(+18%)
Cap. Flow
-$2.2B
Cap. Flow
% of AUM
-6.31%
Top 10 Holdings %
Top 10 Hldgs %
49.06%
Holding
78
New
3
Increased
25
Reduced
37
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$450M |
| 2 |
Arthur J. Gallagher & Co
AJG
|
+$303M |
| 3 |
On Holding
ONON
|
+$235M |
| 4 |
Carvana
CVNA
|
+$230M |
| 5 |
NVIDIA
NVDA
|
+$205M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$465M |
| 2 |
Applovin
APP
|
+$402M |
| 3 |
Netflix
NFLX
|
+$380M |
| 4 |
Amazon
AMZN
|
+$369M |
| 5 |
Uber
UBER
|
+$285M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.39% |
| 2 | Consumer Discretionary | 20.34% |
| 3 | Communication Services | 14.73% |
| 4 | Financials | 10.72% |
| 5 | Healthcare | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Cadence Design Systems
CDNS
$93.2B
| $95M | 0.27% |
308,191
+3,472
| +1% | +$1.01M |
|
52
Grab
GRAB
$14.8B
| $94.4M | 0.27% |
18,757,824
-719,253
| -4% | -$3.35M |
|
53
Amphenol
APH
$201B
| $92.8M | 0.27% |
940,121
+10,969
| +1% | +$897K |
|
54
SAP
SAP
$220B
| $88M | 0.25% |
289,386
+66,354
| +30% | +$19M |
|
55
Full Truck Alliance
YMM
$9.99B
| $81.8M | 0.23% |
6,926,596
-3,323,696
| -32% | -$38.7M |
|
56
Globant
GLOB
$1.62B
| $79M | 0.23% |
869,376
-33,159
| -4% | -$3.54M |
|
57
Linde
LIN
$221B
| $40.7M | 0.12% |
86,662
-2,626
| -3% | -$1.2M |
|
58
Klaviyo
KVYO
$5.48B
| $37.2M | 0.11% |
1,109,069
+136,320
| +14% | +$4.32M |
|
59
monday.com
MNDY
$3.8B
| $36.7M | 0.11% |
116,591
+1,550
| +1% | +$432K |
|
60
Palo Alto Networks
PANW
$281B
| $31.7M | 0.09% |
+154,863
| New | +$28.8M |
|
61
Okta
OKTA
$25B
| $30M | 0.09% |
300,517
-58,204
| -16% | -$6.22M |
|
62
CrowdStrike
CRWD
$206B
| $22.9M | 0.07% |
180,084
+2,416
| +1% | +$262K |
|
63
Icon
ICLR
$12.4B
| $13.3M | 0.04% |
91,550
-2,774
| -3% | -$393K |
|
64
Stevanato
STVN
$5.62B
| $11.4M | 0.03% |
464,635
-20,841
| -4% | -$471K |
|
65
GitLab
GTLB
$6.04B
| $5.75M | 0.02% |
127,475
| – | – |
|
66
Snowflake
SNOW
$107B
| $2.68M | 0.01% |
11,960
-584,483
| -98% | -$106M |
|
67
Apple
AAPL
$4.48T
| – | – |
-355,649
| Closed | -$79M |
|
68
Airbnb
ABNB
$89.7B
| – | – |
-950,809
| Closed | -$114M |
|
69
Kanzhun
BZ
$7.35B
| – | – |
-3,934,331
| Closed | -$75.4M |
|
70
Entegris
ENTG
$18.9B
| – | – |
-11,172
| Closed | -$977K |
|
71
Edwards Lifesciences
EW
$51.1B
| – | – |
-19,244
| Closed | -$1.39M |
|
72
Global E Online
GLBE
$6.78B
| – | – |
-522,035
| Closed | -$18.6M |
|
73
Huazhu Hotels Group
HTHT
$13.1B
| – | – |
-3,587,089
| Closed | -$133M |
|
74
iShares Russell 1000 Growth ETF
IWF
$124B
| – | – |
-105,860
| Closed | -$9.56M |
|
75
Nike
NKE
$63.2B
| – | – |
-3,754,580
| Closed | -$238M |
|
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Sands Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Sands Capital Management held 78 positions worth $34.8B, up 18% from $29.4B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Sands Capital Management withdrew a net $2.2B in Q2 2025, closing 12 positions and reducing 37 holdings. Its most notable exit was Uber, an estimated $285M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Sands Capital Management opened a new position in On Holding worth $240M.
- Sands Capital Management's largest Q2 2025 buy was On Holding: 4,614,347 shares worth $240M.
- Sands Capital Management added most to Intercontinental Exchange in Q2 2025, an estimated $450M increase.
- Sands Capital Management's biggest Q2 2025 reduction was Shopify, cutting an estimated $465M.
- Sands Capital Management fully exited Uber in Q2 2025, selling an estimated $285M.
- Sands Capital Management's ten largest holdings make up 49% of its $34.8B portfolio in Q2 2025.
- Sands Capital Management opened 3 new positions and closed 12 in Q2 2025.
- Sands Capital Management's portfolio value rose 18% quarter-over-quarter to $34.8B.
Based on Sands Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.