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Sands Capital Management

Sands Capital Management Portfolio holdings

AUM $25.5B
1-Year Est. Return 26.46%
This Fund
S&P 500
This Quarter Est. Return
-5.43%
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
$29.4B
AUM Growth
-$2.83B
Cap. Flow
-$609M
Cap. Flow %
-2.07%
Top 10 Hldgs %
45.58%
Holding
75
New
9
Increased
16
Reduced
49
Closed
–

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$268M
2
AXON
Axon Enterprise
AXON
+$122M
3
MSFT icon
Microsoft
MSFT
+$108M
4
ASML icon
ASML
ASML
+$70M
5
DXCM icon
DexCom
DXCM
+$62.8M

Top Sells

Rank Stock Value
1
ALGN icon
Align Technology
ALGN
+$183M
2
NFLX icon
Netflix
NFLX
+$124M
3
LRCX icon
Lam Research
LRCX
+$112M
4
MELI icon
Mercado Libre
MELI
+$109M
5
V icon
Visa
V
+$107M

Sector Composition

Rank Sector Weight
1 Technology 45.44%
2 Consumer Discretionary 21.09%
3 Healthcare 10.7%
4 Communication Services 9.51%
5 Financials 8.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
1
Amazon
AMZN
$2.47T
$1.8B 6.12%
14,144,779
-477,925
-3% -$64M
V icon
2
Visa
V
$701B
$1.79B 6.1%
7,786,704
-444,548
-5% -$107M
NVDA icon
3
NVIDIA
NVDA
$4.75T
$1.59B 5.41%
36,557,270
+5,980,550
+20% +$268M
MSFT icon
4
Microsoft
MSFT
$2.9T
$1.31B 4.44%
4,135,800
+327,097
+9% +$108M
MELI icon
5
Mercado Libre
MELI
$94.5B
$1.3B 4.42%
1,023,648
-85,767
-8% -$109M
DXCM icon
6
DexCom
DXCM
$28.9B
$1.27B 4.34%
13,660,670
+557,543
+4% +$62.8M
LRCX icon
7
Lam Research
LRCX
$337B
$1.21B 4.13%
19,339,930
-1,710,530
-8% -$112M
NOW icon
8
ServiceNow
NOW
$115B
$1.17B 3.98%
10,459,985
-562,380
-5% -$64.2M
TEAM icon
9
Atlassian
TEAM
$25.6B
$1B 3.42%
4,985,915
-135,345
-3% -$25.7M
NFLX icon
10
Netflix
NFLX
$300B
$948M 3.23%
25,105,220
-2,933,000
-10% -$124M
ASML icon
11
ASML
ASML
$608B
$880M 3%
1,495,236
+105,339
+8% +$70M
SHOP icon
12
Shopify
SHOP
$169B
$860M 2.93%
15,756,715
-597,189
-4% -$36.2M
ENTG icon
13
Entegris
ENTG
$17.7B
$842M 2.87%
8,965,192
-363,931
-4% -$36.4M
SNOW icon
14
Snowflake
SNOW
$98.3B
$738M 2.51%
4,832,436
-138,607
-3% -$22.6M
SE icon
15
Sea Limited
SE
$67.2B
$708M 2.41%
16,119,943
+542,996
+3% +$26.5M
NET icon
16
Cloudflare
NET
$96.1B
$694M 2.36%
11,007,391
-397,153
-3% -$25.4M
DASH icon
17
DoorDash
DASH
$86.8B
$669M 2.28%
8,417,197
-233,601
-3% -$19M
XYZ
18
Block Inc
XYZ
$49.9B
$622M 2.12%
14,042,649
-430,954
-3% -$26.7M
CSGP icon
19
CoStar Group
CSGP
$11.5B
$610M 2.08%
7,930,840
-394,856
-5% -$32.7M
META icon
20
Meta Platforms (Facebook)
META
$1.51T
$603M 2.05%
2,009,033
+52,347
+3% +$15.8M
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$4.11T
$561M 1.91%
4,290,753
-57,996
-1% -$7.5M
AXON
22
Axon Enterprise
AXON
$44.4B
$520M 1.77%
2,612,305
+619,179
+31% +$122M
TSM icon
23
TSMC
TSM
$2.01T
$494M 1.68%
5,682,915
-133,179
-2% -$12.6M
OKTA icon
24
Okta
OKTA
$23.7B
$479M 1.63%
5,871,958
+136,267
+2% +$10.3M
ALGN icon
25
Align Technology
ALGN
$12.9B
$468M 1.59%
1,531,666
-528,852
-26% -$183M
1
2 3

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Sands Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Sands Capital Management held 75 positions worth $29.4B, down 8.8% from $32.2B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Sands Capital Management's Q3 2023 filing shows 9 new, 16 increased and 49 reduced positions. Its largest new stake was Klaviyo: 638,974 shares worth $22M. The largest sale was Align Technology, an estimated $183M.

By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 44% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • Sands Capital Management's largest Q3 2023 buy was Klaviyo: 638,974 shares worth $22M.
  • Sands Capital Management added most to NVIDIA in Q3 2023, an estimated $268M increase.
  • Sands Capital Management's biggest Q3 2023 reduction was Align Technology, cutting an estimated $183M.
  • Sands Capital Management's ten largest holdings make up 46% of its $29.4B portfolio in Q3 2023.
  • Sands Capital Management opened 9 new positions and closed 0 in Q3 2023.
  • Sands Capital Management's portfolio value fell 8.8% quarter-over-quarter to $29.4B.

Based on Sands Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.