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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
-4.87%
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
-$4.4B
(-13%)
Cap. Flow
-$2.2B
Cap. Flow
% of AUM
-7.5%
Top 10 Holdings %
Top 10 Hldgs %
47.04%
Holding
80
New
9
Increased
14
Reduced
51
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$705M |
| 2 |
Applovin
APP
|
+$424M |
| 3 |
Intuitive Surgical
ISRG
|
+$301M |
| 4 |
Broadcom
AVGO
|
+$301M |
| 5 |
Samsara
IOT
|
+$283M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ASML
ASML
|
+$894M |
| 2 |
Entegris
ENTG
|
+$727M |
| 3 |
Apple
AAPL
|
+$547M |
| 4 |
Snowflake
SNOW
|
+$394M |
| 5 |
NVIDIA
NVDA
|
+$268M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.01% |
| 2 | Consumer Discretionary | 22.36% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.81% |
| 5 | Healthcare | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.74T
| $2.16B | 7.35% |
19,926,183
-2,113,230
| -10% | -$268M |
|
2
Amazon
AMZN
$2.48T
| $2.11B | 7.18% |
11,094,543
-713,177
| -6% | -$155M |
|
3
Netflix
NFLX
$301B
| $1.37B | 4.66% |
14,674,740
-147,000
| -1% | -$14M |
|
4
Visa
V
$701B
| $1.34B | 4.55% |
3,813,042
-735,208
| -16% | -$249M |
|
|
5
TSMC
TSM
$2.01T
| $1.33B | 4.53% |
8,027,318
+3,626,396
| +82% | +$705M |
|
6
Mercado Libre
MELI
$94.5B
| $1.19B | 4.06% |
611,999
-56,507
| -8% | -$112M |
|
7
ServiceNow
NOW
$115B
| $1.16B | 3.95% |
7,289,890
+28,615
| +0.4% | +$5.52M |
|
8
Shopify
SHOP
$169B
| $1.16B | 3.95% |
12,145,821
-1,633,118
| -12% | -$178M |
|
9
DoorDash
DASH
$86.7B
| $1.01B | 3.42% |
5,507,021
-384,949
| -7% | -$72.4M |
|
|
AXON
10
Axon Enterprise
AXON
$44.2B
| $999M | 3.4% |
1,899,822
-77,414
| -4% | -$45.3M |
|
11
Microsoft
MSFT
$2.91T
| $994M | 3.38% |
2,648,248
-155,660
| -6% | -$63.5M |
|
12
Spotify
SPOT
$106B
| $984M | 3.35% |
1,788,550
-70,780
| -4% | -$39.6M |
|
13
Sea Limited
SE
$67.3B
| $890M | 3.03% |
6,817,994
-573,638
| -8% | -$71.1M |
|
14
Meta Platforms (Facebook)
META
$1.51T
| $869M | 2.96% |
1,507,762
+175,866
| +13% | +$113M |
|
15
Atlassian
TEAM
$25.5B
| $832M | 2.83% |
3,918,588
-601,587
| -13% | -$159M |
|
16
Cloudflare
NET
$96.2B
| $724M | 2.46% |
6,427,446
-1,338,608
| -17% | -$177M |
|
17
DexCom
DXCM
$28.8B
| $711M | 2.42% |
10,414,156
-695,345
| -6% | -$56.7M |
|
|
18
Samsara
IOT
$22.2B
| $630M | 2.14% |
16,443,161
+6,073,397
| +59% | +$283M |
|
|
19
Applovin
APP
$139B
| $545M | 1.86% |
2,058,193
+1,231,799
| +149% | +$424M |
|
20
Nu Holdings
NU
$70.3B
| $527M | 1.79% |
51,443,965
-6,545,320
| -11% | -$77.4M |
|
21
Alphabet (Google) Class A
GOOGL
$4.1T
| $518M | 1.76% |
3,349,727
-269,688
| -7% | -$48.9M |
|
22
Flutter Entertainment
FLUT
$18.9B
| $486M | 1.65% |
2,195,271
-115,426
| -5% | -$29.9M |
|
23
Intercontinental Exchange
ICE
$86.3B
| $464M | 1.58% |
2,692,729
-51,549
| -2% | -$8.45M |
|
|
XYZ
24
Block Inc
XYZ
$50B
| $464M | 1.58% |
8,531,831
-1,808,003
| -17% | -$135M |
|
|
25
ASML
ASML
$607B
| $369M | 1.26% |
557,428
-1,228,348
| -69% | -$894M |
|
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Sands Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Sands Capital Management held 80 positions worth $29.4B, down 13% from $33.8B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Sands Capital Management withdrew a net $2.2B in Q1 2025, closing 5 positions and reducing 51 holdings. Its most notable exit was Texas Instruments, an estimated $73.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% 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 Intuitive Surgical worth $269M.
- Sands Capital Management's largest Q1 2025 buy was Intuitive Surgical: 544,076 shares worth $269M.
- Sands Capital Management added most to TSMC in Q1 2025, an estimated $705M increase.
- Sands Capital Management's biggest Q1 2025 reduction was ASML, cutting an estimated $894M.
- Sands Capital Management fully exited Texas Instruments in Q1 2025, selling an estimated $73.5M.
- Sands Capital Management's ten largest holdings make up 47% of its $29.4B portfolio in Q1 2025.
- Sands Capital Management opened 9 new positions and closed 5 in Q1 2025.
- Sands Capital Management's portfolio value fell 13% quarter-over-quarter to $29.4B.
Based on Sands Capital Management's 13F filing for Q1 2025, filed 14 May 2025.