← Holdings

Sands

Sands Capital Management, LLCData: SEC EDGAR 13F · Filed 2026-08-13 · 13F filings are quarterly snapshots disclosed up to 45 days late; current positions may differ — not a real-time trading signal.
Period
2026 Q2
Total value
$26.9B
AUM QoQ +5.7%
Positions
71 positions
Filing date
2026-08-13
Letters & ResearchFull archive (8) →
2026-10-16Addressing Modern Slavery Through StewardshipThis piece says modern slavery (forced labor, human trafficking) is a real financial risk for investors, not just an ethical issue—companies can face boycotts, fines, or failed IPOs. The author, Sands…2026-08-17AI Sentiment Versus FundamentalsThis report says the recent AI chip stock sell-off is a technical correction, not a fundamental downturn, and the author remains bullish long-term. The author thinks the market overreacted, as Google,…2026-07-10Remembering Ian RatcliffeThis is a tribute to Ian Ratcliffe, who built Sands Capital's life sciences investing unit. The core message: investing in people is more important than models or short-term numbers. For everyday inve…2026-06-30Delta Rewires Electricity for SustainabilityThis article explains how Delta Electronics makes money by helping others save electricity—think cooling for AI data centers or energy storage for subways. Customers buy Delta’s products to cut costs…2026-06-26The Stack That China BuiltThis report explains how US export restrictions have forced China to build its own AI infrastructure, benefiting companies from chip equipment to cloud computing. For ordinary investors, the key is to…2026-06-23The New Power EconomyThis report says AI, electric cars, and factories are driving a lasting surge in US electricity demand after 15 years of flat growth. But the grid is bottlenecked—transformers take 80-210 weeks to del…
Year
Quarter
13 new positions · 14 adds · 42 trims · biggest add AAPL >+999%
#CompanyPeriod priceTodayValueWeight %Shares (QoQ)Change %
1
Nvidia Corporation
NVDA
$200.09
—
$2.81B
10.45%
14.06M
18.09M
-22.26%
-4.03M sh
2
Taiwan Semiconductor Manufac
TSM
$477.57
—
$1.87B
6.96%
3.93M
5.86M
-33.04%
-1.94M sh
3
Alphabet Inc
GOOGL
$357.37
—
$1.75B
6.49%
4.89M
5.12M
-4.51%
-231K sh
4
Amazon Com Inc
AMZN
$238.34
—
$1.16B
4.3%
4.86M
6.72M
-27.65%
-1.86M sh
5
Asml Hldg Nv
ASML
$1989.44
—
$1.06B
3.94%
534K
640K
-16.59%
-106K sh
6
Bloom Energy Corp
BE
$302.7
—
$886M
3.29%
2.93M
1.78M
+64.5%
+1.15M sh
7
Axon Enterprise Inc
AXON
$560.61
—
$830M
3.08%
1.48M
1.56M
-5.35%
-84K sh
8
Shopify Inc
SHOP
$114.18
—
$827M
3.07%
7.24M
8.94M
-18.95%
-1.69M sh
9
Visa Inc
V
$343.09
—
$816M
3.03%
2.38M
2.77M
-14.2%
-393K sh
10
Spotify Technology S A
SPOT
$459.13
—
$809M
3%
1.76M
1.79M
-1.84%
-33K sh
11
Cloudflare Inc
NET
$245.28
—
$795M
2.95%
3.24M
3.66M
-11.53%
-422K sh
12
Seagate Technology Hldngs Pl
STX
$965
—
$696M
2.58%
721K
532K
+35.51%
+189K sh
13
Mercadolibre Inc
MLB1
$1697.39
—
$642M
2.38%
378K
475K
-20.45%
-97K sh
14
Micron Technology Inc
MU
$1154.29
—
$608M
2.26%
527K
New
15
Carvana Co
CVNA
$65.82
—
$557M
2.07%
8.46M
2.12M
+299.71%
+6.35M sh
16
Meta Platforms Inc
META
$563.29
—
$546M
2.03%
970K
1.28M
-24.18%
-309K sh
17
Quanta Svcs Inc
PWR
$720.04
—
$540M
2.01%
750K
626K
+19.82%
+124K sh
18
Intercontinental Exchange In
ICE
$123.11
—
$499M
1.85%
4.06M
4.38M
-7.49%
-329K sh
19
Intuitive Surgical Inc
ISRG
$397.68
—
$498M
1.85%
1.25M
1.32M
-5.21%
-69K sh
20
Lam Research Corp
LRCX
$433.33
—
$491M
1.82%
1.13M
755K
+50.15%
+379K sh
21
Microsoft Corp
MSFT
$373.02
—
$488M
1.81%
1.31M
1.53M
-14.44%
-221K sh
22
Carpenter Technology Corp
CRS
$616.84
—
$485M
1.8%
786K
823K
-4.51%
-37K sh
23
Doordash Inc
DASH
$184.53
—
$429M
1.59%
2.33M
3.96M
-41.22%
-1.63M sh
24
Applovin Corp
APP
$515.23
—
$429M
1.59%
832K
972K
-14.4%
-140K sh
25
Block Inc
XYZ
$76
—
$428M
1.59%
5.63M
5.51M
+2.21%
+122K sh
26
Broadcom Inc
AVGO
$377.75
—
$426M
1.58%
1.13M
1.40M
-19.67%
-276K sh
27
Advanced Micro Devices Inc
AMD
$580.91
—
$391M
1.45%
673K
New
28
Space Exploration Techn Corp
SPCX
$170.86
—
$389M
1.44%
2.28M
New
29
Netflix Inc.
NFLX
$71.4
—
$381M
1.42%
5.34M
9.41M
-43.32%
-4.08M sh
30
Samsara Inc
IOT
$32.43
—
$368M
1.37%
11.35M
15.66M
-27.52%
-4.31M sh
31
Sandisk Corp
SNDK
$2273.73
—
$348M
1.29%
153K
New
32
Carlisle Cos Inc
CSL
$362.75
—
$290M
1.08%
800K
920K
-13.02%
-120K sh
33
Sea Ltd
SE
$95.83
—
$287M
1.07%
3.00M
4.73M
-36.59%
-1.73M sh
34
Argenx Se
ARGX
$927.77
—
$277M
1.03%
299K
340K
-12.25%
-42K sh
35
On Hldg Ag
ONON
$35.42
—
$265M
0.98%
7.49M
6.33M
+18.33%
+1.16M sh
36
Datadog Inc
DDOG
$260.36
—
$260M
0.97%
1000K
1.41M
-28.91%
-407K sh
37
Sphere Entertainment Co
SPHR
$173.03
—
$235M
0.87%
1.36M
New
38
Arm Holdings Plc
ARM
$354.57
—
$228M
0.85%
643K
New
39
Builders Firstsource Inc
BLDR
$89.48
—
$204M
0.76%
2.28M
2.62M
-12.89%
-338K sh
40
Nu Hldgs Ltd
NU
$13.36
—
$167M
0.62%
12.48M
34.34M
-63.67%
-21.87M sh
41
Liberty Media Corp Del
FWONK
$95.14
—
$144M
0.53%
1.51M
1.56M
-3.24%
-51K sh
42
Mckesson Corp
MCK
$755.6
—
$139M
0.51%
184K
201K
-8.82%
-18K sh
43
Amphenol Corp
APH
$176.32
—
$135M
0.5%
764K
806K
-5.17%
-42K sh
44
Kaspi Kz Jsc
KSPI
$86.64
—
$133M
0.49%
1.53M
1.59M
-3.49%
-55K sh
45
Coupang Inc
CPNG
$17.37
—
$131M
0.49%
7.56M
9.17M
-17.59%
-1.61M sh
46
Transdigm Group Inc
TDG
$1332.04
—
$119M
0.44%
90K
94K
-4.95%
-5K sh
47
Ultragenyx Pharmaceutical In
RARE
$33.39
—
$105M
0.39%
3.16M
3.21M
-1.75%
-56K sh
48
Ferrari N V
RACE
$372.29
—
$104M
0.39%
280K
288K
-2.64%
-8K sh
49
Waste Connections Inc
WCN
$166.69
—
$102M
0.38%
610K
635K
-3.97%
-25K sh
50
Woodward Inc
WWD
$425.44
—
$65M
0.24%
154K
New
51
Grab Holdings Limited
GRAB
$3.77
—
$62M
0.23%
16.39M
9.12M
+79.62%
+7.26M sh
52
Eli Lilly & Co
LLY
$1199.43
—
$54M
0.2%
45K
33K
+37.84%
+12K sh
53
Full Truck Alliance Co Ltd
YMM
$8.12
—
$35M
0.13%
4.29M
4.97M
-13.6%
-676K sh
54
Linde Plc
LIN
$518.94
—
$28M
0.11%
55K
55K
—
55
Hdfc Bank Ltd
HDB
$25.83
—
$22M
0.08%
866K
908K
-4.6%
-42K sh
56
Apple Inc
AAPL
$289.36
—
$13M
0.05%
46K
3K
>+999%
+42K sh
57
Palo Alto Networks Inc
PANW
$341.02
—
$11M
0.04%
31K
161K
-80.56%
-130K sh
58
Stevanato Group S P A
$18.07
—
$9M
0.04%
524K
497K
+5.46%
+27K sh
59
Crowdstrike Hldgs Inc
CRWD
$763.14
—
$8M
0.03%
10K
New
60
Intel Corp
INTC
$139.63
—
$5M
0.02%
39K
New
61
Robinhood Mkts Inc
HOOD
$100.28
—
$5M
0.02%
53K
4K
>+999%
+49K sh
62
Ttm Technologies Inc
TTMI
$187.02
—
$4M
0.02%
24K
New
63
Gitlab Inc
GTLB
$30.53
—
$4M
0.01%
127K
127K
—
64
Aerovironment Inc
JPX
$165.07
—
$3M
0.01%
19K
1K
>+999%
+18K sh
65
Klaviyo Inc
KVYO
$15.1
—
$3M
0.01%
199K
595K
-66.6%
-396K sh
66
Ishares Tr
IWF
$124.17
—
$3M
0.01%
22K
New
67
Lumentum Hldgs Inc
LITE
$858.06
—
$3M
0.01%
3K
312
+849.04%
+3K sh
68
Cerebras Systems Inc
CBRS
$221
—
$3M
0.01%
11K
New
69
Palantir Technologies Inc
PLTR
$116.67
—
$2M
0.01%
18K
23K
-21.71%
-5K sh
70
Alibaba Group Hldg Ltd
BABA
$95.98
—
$1M
0%
7K
8K
-10.82%
-843 sh
71
Bbb Foods Inc
TBBB
$41.67
—
$0M
0%
6K
New