Sands Capital Alternatives, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Sands Capital Alternatives, LLC reported 19 stock positions worth $507.8 million. Its top holding was Klaviyo Class A (KVYO) at 23.2% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 19.4%) and DoorDash Class A (DASH, 18.5%). Compared with Q1 2025, it sold out of 1, added to 10 and reduced 1. The biggest buy was DoorDash Class A (DASH, shares +0%) and the biggest sale an exit from Uipath Class A (PATH).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001846444
- Portfolio Value
- $507.8M (Q2 2025)
- SEC Filing
- 0001020066-25-000029 ↗ filed Aug 13, 2025
Holdings Value
Holdings 19 stocks · $507.8M
| KVYO Klaviyo Inc. Class A | 23.24% | 3,515,065 | $118.0M | Add +2.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 19.39% | 7,175,434 | $98.4M | Add +0.1% |
| DASH DoorDash Inc. Class A | 18.50% | 381,202 | $94.0M | Add +0.1% |
| BBNX Beta Bionics Inc. | 10.24% | 3,570,113 | $52.0M | Add +15.0% |
| CPNG Coupang Inc. | 5.01% | 849,031 | $25.4M | Add +0.7% |
| IKT Inhibikase Therapeutics Inc. | 4.20% | 10,950,000 | $21.4M | No change |
| MNDY Monday.com Ltd. | 3.61% | 58,336 | $18.3M | Add +16.9% |
| IOT Samsara Inc. Class A | 3.43% | 438,485 | $17.4M | Add +73.0% |
| DDOG Datadog Inc. Class A | 3.14% | 118,707 | $15.9M | Add +0.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.57% | 15,615 | $8.0M | Add +0.3% |
| TOST Toast Inc. Class A | 1.37% | 156,604 | $6.9M | Reduce -25.6% |
| TARS Tarsus Pharmaceuticals Inc. | 1.36% | 170,000 | $6.9M | No change |
| SNOW Snowflake Inc. | 1.19% | 27,005 | $6.0M | Add +0.7% |
| TXG 10X Genomics Inc. Class A | 1.10% | 481,770 | $5.6M | No change |
| ABOS Acumen Pharmaceuticals Inc. | 0.78% | 3,417,075 | $4.0M | No change |
| BIOA Bioage Labs Inc. | 0.64% | 786,353 | $3.2M | No change |
| ACRV Acrivon Therapeutics Inc. | 0.50% | 2,122,605 | $2.5M | No change |
| CADL Candel Therapeutics Inc. | 0.40% | 405,837 | $2.1M | No change |
| TSHA Taysha Gene Therapies Inc. | 0.33% | 724,873 | $1.7M | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| DASH DoorDash Inc. Class A | Add +0.1% | 18.50% | +1.49 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +0.1% | 19.39% | +1.44 |
| IOT Samsara Inc. Class A | Add +73.0% | 3.43% | +1.06 |
| BBNX Beta Bionics Inc. | Add +15.0% | 10.24% | +0.95 |
| MNDY Monday.com Ltd. | Add +16.9% | 3.61% | +0.64 |
| CPNG Coupang Inc. | Add +0.7% | 5.01% | +0.49 |
| DDOG Datadog Inc. Class A | Add +0.7% | 3.14% | +0.28 |
| SNOW Snowflake Inc. | Add +0.7% | 1.19% | +0.23 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 1.57% | +0.22 |
| KVYO Klaviyo Inc. Class A | Add +2.1% | 23.24% | −2.24 |
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 |