Sands Capital Alternatives, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Sands Capital Alternatives, LLC reported 20 stock positions worth $355.8 million. Its top holding was Klaviyo Class A (KVYO) at 35.0% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 21.1%) and DoorDash Class A (DASH, 17.0%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 4. The biggest buy was a new position in Bioage Labs (BIOA) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −25%).

Most Recent 13F
Q2 2026
Location
ARLINGTON, VA
CIK
0001846444
Portfolio Value
$355.8M (Q3 2024)
SEC Filing
0001020066-24-000011 ↗ filed Nov 13, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $414.7M Q1 2024 Q2 2024: $298.6M Q2 2024 Q3 2024: $355.8M $355.8M Q3 2024 Q4 2024: $459.7M Q4 2024 Q1 2025: $408.9M Q1 2025 Q2 2025: $507.8M Q2 2025 Q3 2025: $456.4M Q3 2025 Q4 2025: $518.5M Q4 2025 Q1 2026: $421.2M Q1 2026 Q2 2026: $613.5M Q2 2026

Holdings 20 stocks · $355.8M
KVYO Klaviyo Inc. Class A 34.96% 3,515,325 $124.4M Reduce -0.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 21.10% 5,498,802 $75.1M Reduce -25.0%
DASH DoorDash Inc. Class A 16.98% 423,338 $60.4M Add +0.1%
BIOA Bioage Labs Inc. 6.35% 1,086,353 $22.6M New
ACRV Acrivon Therapeutics Inc. 4.18% 2,122,605 $14.9M No change
PATH Uipath Inc. Class A 4.16% 1,155,246 $14.8M No change
SNOW Snowflake Inc. 3.50% 108,304 $12.4M No change
TXG 10X Genomics Inc. Class A 3.06% 481,770 $10.9M No change
ABOS Acumen Pharmaceuticals Inc. 2.38% 3,417,075 $8.5M No change
TARS Tarsus Pharmaceuticals Inc. 1.57% 170,000 $5.6M No change
CADL Candel Therapeutics Inc. 0.79% 405,837 $2.8M No change
TSHA Taysha Gene Therapies Inc. 0.41% 724,873 $1.5M No change
MASS 908 Devices Inc. 0.23% 237,258 $823K No change
SPRB Spruce Biosciences Inc. 0.10% 787,007 $370K No change
CPNG Coupang Inc. 0.08% 11,931 $293K No change
DDOG Datadog Inc. Class A 0.05% 1,406 $162K Add +38.5%
IOT Samsara Inc. Class A 0.04% 3,172 $153K Reduce -25.2%
TOST Toast Inc. Class A 0.04% 4,453 $126K Reduce -9.9%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 221 $62K No change
GTLB Gitlab Inc. Class A 0.01% 658 $34K No change

Portfolio Sells Q2 2024 → Q3 2024
NU Nu Holdings Ltd./Cayman Isl-A Reduce -25.0% 21.10% −10.54
ABSI Absci Corp. Sold out 0.00% −0.06
TOST Toast Inc. Class A Reduce -9.9% 0.04% −0.01
IOT Samsara Inc. Class A Reduce -25.2% 0.04% −0.00
KVYO Klaviyo Inc. Class A Reduce -0.0% 34.96% +5.65

Portfolio Buys Q2 2024 → Q3 2024
BIOA Bioage Labs Inc. New 6.35% +6.35
DASH DoorDash Inc. Class A Add +0.1% 16.98% +1.57
DDOG Datadog Inc. Class A Add +38.5% 0.05% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 24$613.5MALMR, NU, KVYO, BBNX, SGP
Q1 2026 21$421.2MNU, KVYO, SGP, BBNX, IKT
Q4 2025 20$518.5MKVYO, NU, BBNX, IKT, DASH
Q3 2025 20$456.4MNU, KVYO, BBNX, CPNG, DASH
Q2 2025 19$507.8MKVYO, NU, DASH, BBNX, CPNG
Q1 2025 20$408.9MKVYO, NU, DASH, BBNX, IKT
Q4 2024 21$459.7MKVYO, NU, DASH, IKT, CPNG
Q3 2024 20$355.8MKVYO, NU, DASH, BIOA, ACRV
Q2 2024 20$298.6MNU, KVYO, DASH, PATH, SNOW
Q1 2024 20$414.7MNU, KVYO, DASH, PATH, SNOW