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Sands Capital Management Portfolio holdings
AUM
$26.9B
1-Year Est. Return
34.44%
This Fund
S&P 500
This Quarter
Est. Return
-8.02%
1 Year Est. Return
+34.44%
3 Year Est. Return
+179.01%
5 Year Est. Return
+146.44%
10 Year Est. Return
+1,235.63%
AUM
$25.5B
AUM Growth
-$7.39B
(-22%)
Cap. Flow
-$3.57B
Cap. Flow
% of AUM
-14.02%
Top 10 Holdings %
Top 10 Hldgs %
52.37%
Holding
75
New
9
Increased
9
Reduced
48
Closed
8
Avg Time Held
14.5
quarters
Top 10 Avg Time Held
12.6
quarters
Top 20 Avg Time Held
12.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bloom Energy
BE
|
+$261M |
| 2 |
Seagate
STX
|
+$203M |
| 3 |
Lam Research
LRCX
|
+$169M |
| 4 |
Spotify
SPOT
|
+$163M |
| 5 |
Carpenter Technology
CRS
|
+$73.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$448M |
| 2 |
Microsoft
MSFT
|
+$394M |
| 3 |
NVIDIA
NVDA
|
+$359M |
| 4 |
TSMC
TSM
|
+$332M |
| 5 |
iRhythm Holdings
IRTC
|
+$302M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.23% |
| 2 | Communication Services | 18.26% |
| 3 | Consumer Discretionary | 17.9% |
| 4 | Industrials | 9.85% |
| 5 | Financials | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.54T
| $3.15B | 12.38% |
18,085,742
-1,957,829
| -10% | -$359M |
2022 Q2
15 quarters
|
|
|
2
TSMC
TSM
$2.35T
| $1.98B | 7.77% |
5,862,685
-963,490
| -14% | -$332M |
2015 Q3
42 quarters
|
|
3
Alphabet (Google) Class A
GOOGL
$4.3T
| $1.47B | 5.78% |
5,124,494
+185,445
| +4% | +$58.3M |
2015 Q4
41 quarters
|
|
4
Amazon
AMZN
$2.83T
| $1.4B | 5.49% |
6,719,055
-720,957
| -10% | -$159M |
2015 Q3
42 quarters
|
|
5
Shopify
SHOP
$220B
| $1.06B | 4.16% |
8,935,666
-570,370
| -6% | -$74.9M |
2017 Q1
36 quarters
|
|
6
Netflix
NFLX
$293B
| $905M | 3.55% |
9,414,668
-608,420
| -6% | -$53.6M |
2015 Q4
41 quarters
|
|
|
7
Spotify
SPOT
$109B
| $870M | 3.41% |
1,794,226
+324,378
| +22% | +$163M |
2024 Q3
6 quarters
|
|
8
ASML
ASML
$684B
| $845M | 3.32% |
639,833
-30,152
| -5% | -$41.3M |
2013 Q2
51 quarters
|
|
9
Visa
V
$724B
| $837M | 3.29% |
2,770,431
-319,698
| -10% | -$103M |
2013 Q2
51 quarters
|
|
10
Mercado Libre
MELI
$95.8B
| $822M | 3.23% |
475,455
-34,190
| -7% | -$66M |
2013 Q2
51 quarters
|
|
11
Cloudflare
NET
$129B
| $756M | 2.96% |
3,661,749
-69,538
| -2% | -$13.3M |
2021 Q1
20 quarters
|
|
12
Meta Platforms (Facebook)
META
$1.83T
| $732M | 2.87% |
1,279,121
+24,250
| +2% | +$15.5M |
2023 Q2
11 quarters
|
|
13
Intercontinental Exchange
ICE
$87.7B
| $690M | 2.71% |
4,384,298
-1,118,598
| -20% | -$182M |
2017 Q1
36 quarters
|
|
14
Carvana
CVNA
$45.9B
| $666M | 2.61% |
10,586,240
-1,626,430
| -13% | -$121M |
2025 Q1
4 quarters
|
|
15
Axon Enterprise
AXON
$34.4B
| $664M | 2.61% |
1,564,504
-44,932
| -3% | -$23.3M |
2023 Q1
12 quarters
|
|
16
Intuitive Surgical
ISRG
$150B
| $609M | 2.39% |
1,321,274
-55,684
| -4% | -$28.2M |
2025 Q1
4 quarters
|
|
17
DoorDash
DASH
$85.1B
| $594M | 2.33% |
3,957,060
-539,547
| -12% | -$99.7M |
2020 Q4
21 quarters
|
|
|
18
Microsoft
MSFT
$3.97T
| $566M | 2.22% |
1,530,124
-940,645
| -38% | -$394M |
2019 Q1
28 quarters
|
|
19
Samsara
IOT
$24.3B
| $496M | 1.95% |
15,657,744
-3,465,574
| -18% | -$106M |
2021 Q4
17 quarters
|
|
20
Nu Holdings
NU
$77.9B
| $493M | 1.94% |
34,342,221
-10,081,674
| -23% | -$163M |
2021 Q4
17 quarters
|
|
21
Broadcom
AVGO
$1.73T
| $434M | 1.7% |
1,402,835
-711,686
| -34% | -$234M |
2025 Q1
4 quarters
|
|
22
Sea Limited
SE
$58.3B
| $392M | 1.54% |
4,728,550
-772,463
| -14% | -$82.8M |
2017 Q4
33 quarters
|
|
23
Applovin
APP
$92.7B
| $387M | 1.52% |
971,561
-491,790
| -34% | -$238M |
2024 Q4
5 quarters
|
|
24
Quanta Services
PWR
$106B
| $344M | 1.35% |
626,348
+49,452
| +9% | +$25.5M |
2025 Q4
1 quarter
|
|
25
Block Inc
XYZ
$46.4B
| $332M | 1.3% |
5,510,835
-419,048
| -7% | -$25.5M |
2020 Q1
24 quarters
|
|
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Sands Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Sands Capital Management held 75 positions worth $25.5B, down 22% from $32.9B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Sands Capital Management withdrew a net $3.57B in Q1 2026, closing 8 positions and reducing 48 holdings. Its most notable exit was iRhythm Holdings, an estimated $302M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Sands Capital Management opened a new position in Bloom Energy worth $241M.
- Sands Capital Management's largest Q1 2026 buy was Bloom Energy: 1,779,038 shares worth $241M.
- Sands Capital Management added most to Spotify in Q1 2026, an estimated $163M increase.
- Sands Capital Management's biggest Q1 2026 reduction was ServiceNow, cutting an estimated $448M.
- Sands Capital Management fully exited iRhythm Holdings in Q1 2026, selling an estimated $302M.
- Sands Capital Management's ten largest holdings make up 52% of its $25.5B portfolio in Q1 2026.
- Sands Capital Management opened 9 new positions and closed 8 in Q1 2026.
- Sands Capital Management's portfolio value fell 22% quarter-over-quarter to $25.5B.
Based on Sands Capital Management's 13F filing for Q1 2026, filed 8 May 2026.