Sands Capital Management Portfolio holdings
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 | |
|---|---|---|---|---|---|---|
76
UiPath
PATH
$6.76B
| – | – |
-44,642
| Closed | -$460K |
|
|
77
Uber
UBER
$146B
| – | – |
-3,913,222
| Closed | -$285M |
|
78
UnitedHealth
UNH
$377B
| – | – |
-174,787
| Closed | -$91.5M |
|
Similar funds
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.