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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
+18.73%
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
$35.8B
AUM Growth
+$2.85B
Cap. Flow
-$1.88B
Cap. Flow %
-5.26%
Top 10 Hldgs %
45.69%
Holding
78
New
4
Increased
20
Reduced
46
Closed
2

Top Buys

Rank Stock Value
1
ASML icon
ASML
ASML
+$470M
2
FLUT icon
Flutter Entertainment
FLUT
+$442M
3
KSPI icon
Kaspi.kz JSC
KSPI
+$169M
4
SE icon
Sea Limited
SE
+$91M
5
META icon
Meta Platforms (Facebook)
META
+$80.8M

Top Sells

Rank Stock Value
1
DXCM icon
DexCom
DXCM
+$523M
2
NET icon
Cloudflare
NET
+$374M
3
NVDA icon
NVIDIA
NVDA
+$289M
4
LRCX icon
Lam Research
LRCX
+$234M
5
NOW icon
ServiceNow
NOW
+$203M

Sector Composition

Rank Sector Weight
1 Technology 48.43%
2 Consumer Discretionary 19.05%
3 Healthcare 10.46%
4 Financials 9.12%
5 Communication Services 8.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$4.6T
$2.44B 6.82%
26,984,010
-3,990,580
-13% -$289M
AMZN icon
2
Amazon
AMZN
$2.44T
$2.26B 6.31%
12,508,711
-717,747
-5% -$120M
ASML icon
3
ASML
ASML
$596B
$2.08B 5.83%
2,146,867
+529,784
+33% +$470M
V icon
4
Visa
V
$701B
$1.74B 4.86%
6,225,388
-248,357
-4% -$68.6M
DXCM icon
5
DexCom
DXCM
$29B
$1.51B 4.23%
10,896,764
-4,162,042
-28% -$523M
MSFT icon
6
Microsoft
MSFT
$2.9T
$1.42B 3.97%
3,373,000
-100,119
-3% -$40.5M
LRCX icon
7
Lam Research
LRCX
$316B
$1.37B 3.84%
14,146,120
-2,655,700
-16% -$234M
MELI icon
8
Mercado Libre
MELI
$94.5B
$1.29B 3.62%
856,065
-64,636
-7% -$106M
ENTG icon
9
Entegris
ENTG
$16.3B
$1.13B 3.17%
8,058,899
-405,984
-5% -$51.9M
NOW icon
10
ServiceNow
NOW
$120B
$1.09B 3.05%
7,140,745
-1,342,245
-16% -$203M
NU icon
11
Nu Holdings
NU
$67.8B
$1.06B 2.96%
88,565,044
+3,344,383
+4% +$34.2M
META icon
12
Meta Platforms (Facebook)
META
$1.49T
$1.06B 2.95%
2,173,637
+181,077
+9% +$80.8M
NFLX icon
13
Netflix
NFLX
$307B
$1.02B 2.87%
16,873,870
-2,487,040
-13% -$140M
SHOP icon
14
Shopify
SHOP
$168B
$1.02B 2.86%
13,239,020
-1,566,931
-11% -$124M
XYZ
15
Block Inc
XYZ
$48.9B
$1.01B 2.83%
11,947,814
-1,801,180
-13% -$130M
OKTA icon
16
Okta
OKTA
$23.8B
$946M 2.65%
9,038,677
+680,263
+8% +$62.7M
DASH icon
17
DoorDash
DASH
$84.3B
$940M 2.63%
6,826,736
-350,131
-5% -$41.2M
SNOW icon
18
Snowflake
SNOW
$98.1B
$831M 2.32%
5,140,945
-302,461
-6% -$58.6M
TEAM icon
19
Atlassian
TEAM
$26.5B
$822M 2.3%
4,210,974
-232,242
-5% -$50.6M
AXON
20
Axon Enterprise
AXON
$42.8B
$792M 2.21%
2,530,094
-98,558
-4% -$27.4M
TSM icon
21
TSMC
TSM
$1.94T
$710M 1.99%
5,217,894
-373,664
-7% -$46.4M
NET icon
22
Cloudflare
NET
$96B
$626M 1.75%
6,466,122
-4,127,520
-39% -$374M
GOOGL icon
23
Alphabet (Google) Class A
GOOGL
$4.12T
$571M 1.6%
3,785,236
-338,567
-8% -$48.4M
EW icon
24
Edwards Lifesciences
EW
$49.4B
$554M 1.55%
5,802,552
-301,150
-5% -$25.3M
DDOG icon
25
Datadog
DDOG
$94B
$531M 1.48%
4,293,387
-271,389
-6% -$34.1M
1
2 3 4

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Sands Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Sands Capital Management held 78 positions worth $35.8B, up 8.7% from $32.9B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Sands Capital Management withdrew a net $1.88B in Q1 2024, closing 2 positions and reducing 46 holdings. Its most notable exit was iShares Russell 1000 Growth ETF, an estimated $17.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 48% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Sands Capital Management opened a new position in Flutter Entertainment worth $409M.

  • Sands Capital Management's largest Q1 2024 buy was Flutter Entertainment: 2,072,134 shares worth $409M.
  • Sands Capital Management added most to ASML in Q1 2024, an estimated $470M increase.
  • Sands Capital Management's biggest Q1 2024 reduction was DexCom, cutting an estimated $523M.
  • Sands Capital Management fully exited iShares Russell 1000 Growth ETF in Q1 2024, selling an estimated $17.8M.
  • Sands Capital Management's ten largest holdings make up 46% of its $35.8B portfolio in Q1 2024.
  • Sands Capital Management opened 4 new positions and closed 2 in Q1 2024.
  • Sands Capital Management's portfolio value rose 8.7% quarter-over-quarter to $35.8B.

Based on Sands Capital Management's 13F filing for Q1 2024, filed 14 May 2024.