We are live on ! Find out more
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
+13.61%
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
$33.8B
AUM Growth
+$848M
Cap. Flow
-$2.12B
Cap. Flow %
-6.26%
Top 10 Hldgs %
47.48%
Holding
76
New
9
Increased
14
Reduced
45
Closed
5

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$369M
2
NOW icon
ServiceNow
NOW
+$272M
3
APP icon
Applovin
APP
+$209M
4
TTEK icon
Tetra Tech
TTEK
+$195M
5
NET icon
Cloudflare
NET
+$139M

Top Sells

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$673M
2
OKTA icon
Okta
OKTA
+$633M
3
EW icon
Edwards Lifesciences
EW
+$372M
4
FND icon
Floor & Decor
FND
+$230M
5
ALGN icon
Align Technology
ALGN
+$204M

Sector Composition

Rank Sector Weight
1 Technology 47.56%
2 Consumer Discretionary 20.92%
3 Communication Services 13.7%
4 Financials 7.95%
5 Healthcare 4.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$4.65T
$2.96B 8.76%
22,039,413
-1,015,815
-4% -$140M
AMZN icon
2
Amazon
AMZN
$2.45T
$2.59B 7.67%
11,807,720
-742,725
-6% -$152M
NOW icon
3
ServiceNow
NOW
$117B
$1.54B 4.56%
7,261,275
+1,342,550
+23% +$272M
SHOP icon
4
Shopify
SHOP
$169B
$1.47B 4.34%
13,778,939
-1,392,858
-9% -$135M
V icon
5
Visa
V
$701B
$1.44B 4.25%
4,548,250
-420,646
-8% -$126M
NFLX icon
6
Netflix
NFLX
$301B
$1.32B 3.91%
14,821,740
-778,090
-5% -$64M
ASML icon
7
ASML
ASML
$596B
$1.24B 3.66%
1,785,776
-138,960
-7% -$99.8M
MSFT icon
8
Microsoft
MSFT
$2.91T
$1.18B 3.5%
2,803,908
-239,651
-8% -$102M
AXON
9
Axon Enterprise
AXON
$44.6B
$1.18B 3.48%
1,977,236
-133,107
-6% -$72.4M
MELI icon
10
Mercado Libre
MELI
$93.9B
$1.14B 3.36%
668,506
-87,128
-12% -$170M
TEAM icon
11
Atlassian
TEAM
$26.1B
$1.1B 3.26%
4,520,175
+270,450
+6% +$61.9M
DASH icon
12
DoorDash
DASH
$85.8B
$988M 2.92%
5,891,970
-81,873
-1% -$13.4M
XYZ
13
Block Inc
XYZ
$49.2B
$879M 2.6%
10,339,834
-888,010
-8% -$72.8M
TSM icon
14
TSMC
TSM
$1.99T
$869M 2.57%
4,400,922
-282,600
-6% -$54.7M
DXCM icon
15
DexCom
DXCM
$29B
$864M 2.56%
11,109,501
+790,303
+8% +$58.5M
NET icon
16
Cloudflare
NET
$94.5B
$836M 2.47%
7,766,054
+1,421,670
+22% +$139M
SPOT icon
17
Spotify
SPOT
$105B
$832M 2.46%
1,859,330
+860,956
+86% +$369M
SE icon
18
Sea Limited
SE
$66.6B
$784M 2.32%
7,391,632
-949,226
-11% -$99.8M
META icon
19
Meta Platforms (Facebook)
META
$1.49T
$780M 2.31%
1,331,896
-83,584
-6% -$49.1M
ENTG icon
20
Entegris
ENTG
$17.1B
$715M 2.11%
7,214,073
-552,986
-7% -$58.3M
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$4.06T
$685M 2.03%
3,619,415
-134,010
-4% -$23.4M
AAPL icon
22
Apple
AAPL
$5.02T
$680M 2.01%
2,715,054
-17,462
-0.6% -$4.12M
NU icon
23
Nu Holdings
NU
$69.1B
$601M 1.78%
57,989,285
-5,817,516
-9% -$77.4M
FLUT icon
24
Flutter Entertainment
FLUT
$18.9B
$597M 1.77%
2,310,697
+275,575
+14% +$69.6M
DDOG icon
25
Datadog
DDOG
$90.7B
$504M 1.49%
3,526,424
-744,527
-17% -$102M
1
2 3 4

Similar funds

KK
KLP Kapitalforvaltning Oslo, Norway $25.5B AUM 28.18% 1-Year Est. Return
Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado Denver, Colorado $25.5B AUM 28.85% 1-Year Est. Return
VAI
Vanguard Advisers Inc Malvern, Pennsylvania $25.5B AUM
UIM
USS Investment Management London, United Kingdom $25.6B AUM 30.22% 1-Year Est. Return
Los Angeles Capital Management
Los Angeles Capital Management Los Angeles, California $25.4B AUM 38.46% 1-Year Est. Return
Blackstone Inc
Blackstone Inc New York $25.6B AUM 26.83% 1-Year Est. Return
Winslow Capital Management
Winslow Capital Management Minneapolis, Minnesota $25.6B AUM 33.75% 1-Year Est. Return
SO
STRS Ohio Columbus, Ohio $25.2B AUM 30.31% 1-Year Est. Return

Sands Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Sands Capital Management held 76 positions worth $33.8B, up 2.6% from $32.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Sands Capital Management withdrew a net $2.12B in Q4 2024, closing 5 positions and reducing 45 holdings. Its most notable exit was Lam Research, an estimated $673M position sold in full.

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

Against the trend, Sands Capital Management opened a new position in Applovin worth $268M.

  • Sands Capital Management's largest Q4 2024 buy was Applovin: 826,394 shares worth $268M.
  • Sands Capital Management added most to Spotify in Q4 2024, an estimated $369M increase.
  • Sands Capital Management's biggest Q4 2024 reduction was Okta, cutting an estimated $633M.
  • Sands Capital Management fully exited Lam Research in Q4 2024, selling an estimated $673M.
  • Sands Capital Management's ten largest holdings make up 47% of its $33.8B portfolio in Q4 2024.
  • Sands Capital Management opened 9 new positions and closed 5 in Q4 2024.
  • Sands Capital Management's portfolio value rose 2.6% quarter-over-quarter to $33.8B.

Based on Sands Capital Management's 13F filing for Q4 2024, filed 13 Feb 2025.