Sands Capital Alternatives, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Sands Capital Alternatives, LLC reported 20 stock positions worth $414.7 million. Its top holding was Nu Holdings Ltd./Cayman Isl-A (NU) at 26.3% of the portfolio, followed by Klaviyo Class A (KVYO, 21.6%) and DoorDash Class A (DASH, 17.4%). Compared with Q4 2023, it sold out of 1, added to 2 and reduced 5. The biggest buy was Klaviyo Class A (KVYO, shares +646%) and the biggest sale an exit from Rayzebio (RYZB).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001846444
- Portfolio Value
- $414.7M (Q1 2024)
- SEC Filing
- 0001846444-24-000003 ↗ filed May 14, 2024
Holdings Value
Holdings 20 stocks · $414.7M
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 26.34% | 9,155,661 | $109.2M | No change |
| KVYO Klaviyo Inc. Class A | 21.60% | 3,514,897 | $89.6M | Add +645.9% |
| DASH DoorDash Inc. Class A | 17.37% | 523,091 | $72.0M | Reduce -13.3% |
| PATH Uipath Inc. Class A | 12.59% | 2,303,452 | $52.2M | No change |
| SNOW Snowflake Inc. | 8.40% | 215,615 | $34.8M | Reduce -0.1% |
| TXG 10X Genomics Inc. Class A | 4.36% | 481,770 | $18.1M | No change |
| ABOS Acumen Pharmaceuticals Inc. | 3.34% | 3,417,075 | $13.8M | No change |
| ACRV Acrivon Therapeutics Inc. | 2.85% | 1,652,605 | $11.8M | No change |
| TARS Tarsus Pharmaceuticals Inc. | 1.49% | 170,000 | $6.2M | Reduce -34.6% |
| TSHA Taysha Gene Therapies Inc. | 0.50% | 724,873 | $2.1M | No change |
| MASS 908 Devices Inc. | 0.43% | 237,258 | $1.8M | No change |
| CADL Candel Therapeutics Inc. | 0.31% | 811,737 | $1.3M | No change |
| SPRB Spruce Biosciences Inc. | 0.15% | 787,007 | $622K | No change |
| ABSI Absci Corp. | 0.08% | 57,804 | $328K | No change |
| CPNG Coupang Inc. | 0.05% | 11,931 | $212K | Add +14.2% |
| TOST Toast Inc. Class A | 0.04% | 5,947 | $148K | Reduce -24.4% |
| IOT Samsara Inc. Class A | 0.03% | 3,570 | $135K | No change |
| DDOG Datadog Inc. Class A | 0.03% | 1,015 | $125K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.02% | 279 | $89K | Reduce -18.9% |
| GTLB Gitlab Inc. Class A | 0.01% | 658 | $38K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| RYZB Rayzebio Inc. | Sold out | 0.00% | −13.47 |
| SNOW Snowflake Inc. | Reduce -0.1% | 8.40% | −3.55 |
| TOST Toast Inc. Class A | Reduce -24.4% | 0.04% | −0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -18.9% | 0.02% | −0.00 |
| TARS Tarsus Pharmaceuticals Inc. | Reduce -34.6% | 1.49% | +0.03 |
| DASH DoorDash Inc. Class A | Reduce -13.3% | 17.37% | +0.78 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $613.5M | ALMR, NU, KVYO, BBNX, SGP |
| Q1 2026 | 21 | $421.2M | NU, KVYO, SGP, BBNX, IKT |
| Q4 2025 | 20 | $518.5M | KVYO, NU, BBNX, IKT, DASH |
| Q3 2025 | 20 | $456.4M | NU, KVYO, BBNX, CPNG, DASH |
| Q2 2025 | 19 | $507.8M | KVYO, NU, DASH, BBNX, CPNG |
| Q1 2025 | 20 | $408.9M | KVYO, NU, DASH, BBNX, IKT |
| Q4 2024 | 21 | $459.7M | KVYO, NU, DASH, IKT, CPNG |
| Q3 2024 | 20 | $355.8M | KVYO, NU, DASH, BIOA, ACRV |
| Q2 2024 | 20 | $298.6M | NU, KVYO, DASH, PATH, SNOW |
| Q1 2024 | 20 | $414.7M | NU, KVYO, DASH, PATH, SNOW |