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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 | |
|---|---|---|---|---|---|---|
|
1
Visa
V
$697B
| $1.95B | 6.07% |
8,231,252
-775,664
| -9% | -$178M |
|
2
Amazon
AMZN
$2.48T
| $1.91B | 5.92% |
14,622,704
-586,209
| -4% | -$66.9M |
|
3
DexCom
DXCM
$28.9B
| $1.68B | 5.23% |
13,103,127
-635,841
| -5% | -$76.9M |
|
4
Lam Research
LRCX
$337B
| $1.35B | 4.2% |
21,050,460
-1,239,920
| -6% | -$69.9M |
|
5
Mercado Libre
MELI
$94.4B
| $1.31B | 4.08% |
1,109,415
-40,725
| -4% | -$51.2M |
|
|
6
Microsoft
MSFT
$2.92T
| $1.3B | 4.03% |
3,808,703
+2,160,221
| +131% | +$677M |
|
|
7
NVIDIA
NVDA
$4.77T
| $1.29B | 4.02% |
30,576,720
+11,854,200
| +63% | +$394M |
|
8
ServiceNow
NOW
$114B
| $1.24B | 3.85% |
11,022,365
-841,865
| -7% | -$84.2M |
|
9
Netflix
NFLX
$301B
| $1.24B | 3.83% |
28,038,220
-3,639,330
| -11% | -$134M |
|
|
10
Shopify
SHOP
$169B
| $1.06B | 3.28% |
16,353,904
-7,294,302
| -31% | -$412M |
|
11
Entegris
ENTG
$18B
| $1.03B | 3.21% |
9,329,123
+536,532
| +6% | +$48.9M |
|
12
ASML
ASML
$608B
| $1.01B | 3.13% |
1,389,897
-136,151
| -9% | -$92.6M |
|
|
XYZ
13
Block Inc
XYZ
$49.5B
| $964M | 2.99% |
14,473,603
-475,635
| -3% | -$29.7M |
|
14
Sea Limited
SE
$65.8B
| $904M | 2.81% |
15,576,947
-132,420
| -0.8% | -$9.45M |
|
15
Snowflake
SNOW
$93.7B
| $875M | 2.72% |
4,971,043
-173,498
| -3% | -$28.2M |
|
16
Atlassian
TEAM
$25.4B
| $859M | 2.67% |
5,121,260
-186,002
| -4% | -$29.8M |
|
|
17
Cloudflare
NET
$93.7B
| $746M | 2.31% |
11,404,544
-3,258,457
| -22% | -$194M |
|
18
CoStar Group
CSGP
$12.4B
| $741M | 2.3% |
8,325,696
-1,274,880
| -13% | -$98.4M |
|
19
Align Technology
ALGN
$12.6B
| $729M | 2.26% |
2,060,518
-235,883
| -10% | -$75.1M |
|
20
DoorDash
DASH
$85.2B
| $661M | 2.05% |
8,650,798
-304,957
| -3% | -$20.2M |
|
21
TSMC
TSM
$2.03T
| $587M | 1.82% |
5,816,094
-10,743
| -0.2% | -$1,000K |
|
|
22
Meta Platforms (Facebook)
META
$1.51T
| $562M | 1.74% |
+1,956,686
| New | +$483M |
|
23
Alphabet (Google) Class A
GOOGL
$4.08T
| $521M | 1.62% |
4,348,749
-62,028
| -1% | -$7.14M |
|
24
Nike
NKE
$63.9B
| $510M | 1.58% |
4,621,271
-63,006
| -1% | -$7.37M |
|
25
Datadog
DDOG
$89.3B
| $448M | 1.39% |
4,554,589
+505,196
| +12% | +$42.2M |
|
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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.