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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
+7.34%
1 Year Est. Return
+26.46%
3 Year Est. Return
+130.81%
5 Year Est. Return
+100.92%
10 Year Est. Return
+877.1%
AUM
$36.2B
AUM Growth
+$1.42B
(+4.1%)
Cap. Flow
+$69.7M
Cap. Flow
% of AUM
0.19%
Top 10 Holdings %
Top 10 Hldgs %
47.21%
Holding
70
New
4
Increased
28
Reduced
30
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$353M |
| 2 |
Carvana
CVNA
|
+$283M |
| 3 |
Intuitive Surgical
ISRG
|
+$280M |
| 4 |
Oracle
ORCL
|
+$238M |
| 5 |
Builders FirstSource
BLDR
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DexCom
DXCM
|
+$397M |
| 2 |
Cloudflare
NET
|
+$229M |
| 3 |
DoorDash
DASH
|
+$193M |
| 4 |
Amazon
AMZN
|
+$185M |
| 5 |
Repligen
RGEN
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.26% |
| 2 | Consumer Discretionary | 19.17% |
| 3 | Communication Services | 16.62% |
| 4 | Financials | 10.18% |
| 5 | Industrials | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Amphenol
APH
$216B
| $98.4M | 0.27% |
795,234
-144,887
| -15% | -$15.9M |
|
52
Full Truck Alliance
YMM
$9.83B
| $87.8M | 0.24% |
6,766,855
-159,741
| -2% | -$1.98M |
|
53
Grab
GRAB
$15B
| $75.2M | 0.21% |
12,490,985
-6,266,839
| -33% | -$33.3M |
|
54
Globant
GLOB
$1.53B
| $48.7M | 0.13% |
848,262
-21,114
| -2% | -$1.55M |
|
55
Linde
LIN
$227B
| $40.1M | 0.11% |
84,367
-2,295
| -3% | -$1.09M |
|
56
Palo Alto Networks
PANW
$288B
| $39.6M | 0.11% |
194,619
+39,756
| +26% | +$7.61M |
|
57
Klaviyo
KVYO
$4.9B
| $30.6M | 0.08% |
1,105,559
-3,510
| -0.3% | -$113K |
|
58
monday.com
MNDY
$3.68B
| $22.5M | 0.06% |
116,213
-378
| -0.3% | -$87K |
|
59
Duolingo
DUOL
$5.28B
| $15.3M | 0.04% |
+47,672
| New | +$15.9M |
|
60
argenx
ARGX
$54.5B
| $12.3M | 0.03% |
+16,625
| New | +$11M |
|
61
Stevanato
STVN
$5.44B
| $12M | 0.03% |
464,931
+296
| +0.1% | +$7.31K |
|
|
FIG
62
Figma
FIG
$12.2B
| $11.8M | 0.03% |
+226,752
| New | +$15.6M |
|
63
GitLab
GTLB
$5.94B
| $5.75M | 0.02% |
127,475
| – | – |
|
64
Snowflake
SNOW
$111B
| $2.7M | 0.01% |
11,960
| – | – |
|
65
Charter Communications
CHTR
$18.3B
| – | – |
-242,432
| Closed | -$99.1M |
|
66
CrowdStrike
CRWD
$208B
| – | – |
-180,084
| Closed | -$22.9M |
|
|
67
Alphabet (Google) Class C
GOOG
$4.41T
| – | – |
-603,385
| Closed | -$107M |
|
68
Icon
ICLR
$12.4B
| – | – |
-91,550
| Closed | -$13.3M |
|
69
Okta
OKTA
$25B
| – | – |
-300,517
| Closed | -$30M |
|
|
70
Repligen
RGEN
$9.09B
| – | – |
-1,251,088
| Closed | -$156M |
|
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Sands Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Sands Capital Management held 70 positions worth $36.2B, up 4.1% from $34.8B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Sands Capital Management's Q3 2025 filing shows 4 new, 28 increased, 30 reduced and 6 closed positions. Its largest new stake was Oracle: 936,043 shares worth $263M. The largest sale was DexCom, an estimated $397M.
By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 41% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Sands Capital Management's largest Q3 2025 buy was Oracle: 936,043 shares worth $263M.
- Sands Capital Management added most to Alphabet (Google) Class A in Q3 2025, an estimated $353M increase.
- Sands Capital Management's biggest Q3 2025 reduction was DexCom, cutting an estimated $397M.
- Sands Capital Management fully exited Repligen in Q3 2025, selling an estimated $156M.
- Sands Capital Management's ten largest holdings make up 47% of its $36.2B portfolio in Q3 2025.
- Sands Capital Management opened 4 new positions and closed 6 in Q3 2025.
- Sands Capital Management's portfolio value rose 4.1% quarter-over-quarter to $36.2B.
Based on Sands Capital Management's 13F filing for Q3 2025, filed 13 Nov 2025.