Sands Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Sands Capital Management, LLC reported 71 stock positions worth $26.9 billion. Its top holding was Nvidia (NVDA) at 10.4% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 7.0%) and Alphabet Class A (GOOGL, 6.5%). Compared with Q1 2026, it opened 13 new positions, sold out of 9, added to 14 and reduced 43. The biggest buy was Bloom Energy Class A (BE, shares +65%) and the biggest sale Netflix (NFLX, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001020066
- Portfolio Value
- $26.9B (Q2 2026)
- SEC Filing
- 0001020066-26-000018 ↗ filed Aug 13, 2026
Holdings Value
Holdings 71 stocks · $26.9B
| NVDA Nvidia Corp. | 10.45% | 14,059,454 | $2.8B | Reduce -22.3% |
| TSM Taiwan Semiconductor-SP ADR | 6.96% | 3,925,440 | $1.9B | Reduce -33.0% |
| GOOGL Alphabet Inc. Class A | 6.49% | 4,893,397 | $1.7B | Reduce -4.5% |
| AMZN Amazon.com Inc. | 4.30% | 4,861,223 | $1.2B | Reduce -27.6% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 3.94% | 533,693 | $1.1B | Reduce -16.6% |
| BE Bloom Energy Corp. Class A | 3.29% | 2,926,558 | $885.9M | Add +64.5% |
| AXON Axon Enterprise Inc. | 3.08% | 1,480,817 | $830.2M | Reduce -5.3% |
| SHOP Shopify Inc. Class A | 3.07% | 7,242,079 | $826.9M | Reduce -18.9% |
| V Visa Inc. Class A | 3.03% | 2,377,099 | $815.6M | Reduce -14.2% |
| SPOT Spotify Technology SA | 3.00% | 1,761,206 | $808.6M | Reduce -1.8% |
| NET Cloudflare Inc. Class A | 2.95% | 3,239,504 | $794.6M | Reduce -11.5% |
| STX Seagate Technology Holdings | 2.58% | 720,741 | $695.5M | Add +35.5% |
| MELI MercadoLibre Inc. | 2.38% | 378,208 | $642.0M | Reduce -20.4% |
| MU Micron Technology Inc. | 2.26% | 526,810 | $608.1M | New |
| CVNA Carvana Co. | 2.07% | 8,462,945 | $557.0M | Reduce -20.1% |
| META Meta Platforms Inc. Class A | 2.03% | 969,879 | $546.3M | Reduce -24.2% |
| PWR Quanta Services Inc. | 2.01% | 750,479 | $540.4M | Add +19.8% |
| ICE Intercontinental Exchange Inc. | 1.85% | 4,055,771 | $499.3M | Reduce -7.5% |
| ISRG Intuitive Surgical Inc. | 1.85% | 1,252,424 | $498.1M | Reduce -5.2% |
| LRCX Lam Research Corp. | 1.82% | 1,133,965 | $491.4M | Add +50.1% |
| MSFT Microsoft Corp. | 1.81% | 1,309,230 | $488.4M | Reduce -14.4% |
| CRS Carpenter Technology | 1.80% | 786,150 | $484.9M | Reduce -4.5% |
| DASH DoorDash Inc. Class A | 1.59% | 2,325,795 | $429.2M | Reduce -41.2% |
| APP AppLovin Corp. Class A | 1.59% | 831,697 | $428.5M | Reduce -14.4% |
| XYZ Block Inc. | 1.59% | 5,632,505 | $428.1M | Add +2.2% |
| AVGO Broadcom Inc. | 1.58% | 1,126,912 | $425.7M | Reduce -19.7% |
| AMD Advanced Micro Devices | 1.45% | 672,555 | $390.7M | New |
| SPCX Space Exploration Techn Class A | 1.44% | 2,276,744 | $389.0M | New |
| NFLX Netflix Inc. | 1.42% | 5,336,614 | $381.0M | Reduce -43.3% |
| IOT Samsara Inc. Class A | 1.37% | 11,348,732 | $368.0M | Reduce -27.5% |
| SNDK Sandisk Corp. | 1.29% | 153,093 | $348.1M | New |
| CSL Carlisle Cos Inc. | 1.08% | 799,872 | $290.2M | Reduce -13.0% |
| SE Sea Ltd.-ADR | 1.07% | 2,998,337 | $287.3M | Reduce -36.6% |
| ARGX Argenx SE - ADR | 1.03% | 298,599 | $277.0M | Reduce -12.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.98% | 7,485,043 | $265.1M | Add +18.3% |
| DDOG Datadog Inc. Class A | 0.97% | 999,799 | $260.3M | Reduce -28.9% |
| SPHR Sphere Entertainment Co. | 0.87% | 1,358,321 | $235.0M | New |
| ARM Arm Holdings PLC-ADR | 0.85% | 642,829 | $227.9M | New |
| BLDR Builders Firstsource Inc. | 0.76% | 2,283,236 | $204.3M | Reduce -12.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.62% | 12,475,806 | $166.7M | Reduce -63.7% |
| FWONK Liberty Media Corp. Class C | 0.53% | 1,509,193 | $143.6M | Reduce -3.2% |
| MCK McKesson Corp. | 0.52% | 183,535 | $138.7M | Reduce -8.8% |
| APH Amphenol Corp. Class A | 0.50% | 763,951 | $134.7M | Reduce -5.2% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.49% | 1,531,017 | $132.6M | Reduce -3.5% |
| CPNG Coupang Inc. | 0.49% | 7,559,132 | $131.3M | Reduce -17.6% |
| TDG Transdigm Group Inc. | 0.44% | 89,669 | $119.4M | Reduce -5.0% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.39% | 3,158,368 | $105.5M | Reduce -1.8% |
| RACE Ferrari NV | 0.39% | 280,101 | $104.3M | Reduce -2.6% |
| WCN Waste Connections Inc. | 0.38% | 609,721 | $101.6M | Reduce -4.0% |
| WWD Woodward Inc. | 0.24% | 153,660 | $65.4M | New |
| GRAB Grab Holdings Ltd. Class A | 0.23% | 16,385,578 | $61.8M | Add +79.6% |
| LLY Eli Lilly & Co. | 0.20% | 45,332 | $54.4M | Add +37.8% |
| YMM Full Truck Alliance -SPN ADR | 0.13% | 4,294,886 | $34.9M | Reduce -13.6% |
| LIN Linde PLC | 0.11% | 54,778 | $28.4M | Add +0.3% |
| HDB HDFC Bank Ltd.-ADR | 0.08% | 865,858 | $22.4M | Reduce -4.6% |
| AAPL Apple Inc. | 0.05% | 45,598 | $13.2M | Add +1316.5% |
| PANW Palo Alto Networks Inc. | 0.04% | 31,312 | $10.7M | Reduce -80.6% |
| STVN Stevanato Group SPA | 0.04% | 524,481 | $9.5M | Add +5.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.03% | 10,020 | $7.6M | New |
| INTC Intel Corp. | 0.02% | 39,132 | $5.5M | New |
| HOOD Robinhood Markets Inc. Class A | 0.02% | 53,032 | $5.3M | Add +1315.7% |
| TTMI TTM Technologies | 0.02% | 23,625 | $4.4M | New |
| GTLB Gitlab Inc. Class A | 0.01% | 127,475 | $3.9M | No change |
| AVAV Aerovironment Inc. | 0.01% | 18,993 | $3.1M | Add +1315.3% |
| KVYO Klaviyo Inc. Class A | 0.01% | 198,806 | $3.0M | Reduce -66.6% |
| IWF iShares Russell 1000 Growth | 0.01% | 22,200 | $2.8M | New |
| LITE Lumentum Holdings Inc. | 0.01% | 2,961 | $2.5M | Add +849.0% |
| CBRS Cerebras Systems Inc. Class A | 0.01% | 11,419 | $2.5M | New |
| PLTR Palantir Technologies Inc. Class A | 0.01% | 17,944 | $2.1M | Reduce -21.7% |
| BABA Alibaba Group Holding-SP ADR | 0.00% | 6,950 | $667K | Reduce -10.8% |
| TBBB BBB Foods Inc. Class A | 0.00% | 6,281 | $262K | New |
Portfolio Sells Q1 2026 → Q2 2026
| NFLX Netflix Inc. | Reduce -43.3% | 1.42% | −2.14 |
| NVDA Nvidia Corp. | Reduce -22.3% | 10.45% | −1.93 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -63.7% | 0.62% | −1.32 |
| AMZN Amazon.com Inc. | Reduce -27.6% | 4.30% | −1.19 |
| SHOP Shopify Inc. Class A | Reduce -18.9% | 3.07% | −1.09 |
| ICE Intercontinental Exchange Inc. | Reduce -7.5% | 1.85% | −0.85 |
| META Meta Platforms Inc. Class A | Reduce -24.2% | 2.03% | −0.84 |
| MELI MercadoLibre Inc. | Reduce -20.4% | 2.38% | −0.84 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.0% | 6.96% | −0.81 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.80 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.79 |
| DASH DoorDash Inc. Class A | Reduce -41.2% | 1.59% | −0.74 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.61 |
| IOT Samsara Inc. Class A | Reduce -27.5% | 1.37% | −0.58 |
| CVNA Carvana Co. | Reduce -20.1% | 2.07% | −0.54 |
| ISRG Intuitive Surgical Inc. | Reduce -5.2% | 1.85% | −0.54 |
| SE Sea Ltd.-ADR | Reduce -36.6% | 1.07% | −0.47 |
| SPOT Spotify Technology SA | Reduce -1.8% | 3.00% | −0.41 |
| MSFT Microsoft Corp. | Reduce -14.4% | 1.81% | −0.41 |
| V Visa Inc. Class A | Reduce -14.2% | 3.03% | −0.26 |
| CPNG Coupang Inc. | Reduce -17.6% | 0.49% | −0.19 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.18 |
| MCK McKesson Corp. | Reduce -8.8% | 0.52% | −0.17 |
| CSL Carlisle Cos Inc. | Reduce -13.0% | 1.08% | −0.13 |
| AVGO Broadcom Inc. | Reduce -19.7% | 1.58% | −0.12 |
| BLDR Builders Firstsource Inc. | Reduce -12.9% | 0.76% | −0.09 |
| PANW Palo Alto Networks Inc. | Reduce -80.6% | 0.04% | −0.06 |
| KVYO Klaviyo Inc. Class A | Reduce -66.6% | 0.01% | −0.03 |
| YMM Full Truck Alliance -SPN ADR | Reduce -13.6% | 0.13% | −0.03 |
| WCN Waste Connections Inc. | Reduce -4.0% | 0.38% | −0.03 |
| FIG Figma Inc. Class A | Sold out | 0.00% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -11.5% | 2.95% | −0.01 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Reduce -4.6% | 0.08% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -21.7% | 0.01% | −0.01 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.00 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -10.8% | 0.00% | −0.00 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.00 |
| RACE Ferrari NV | Reduce -2.6% | 0.39% | +0.01 |
| FWONK Liberty Media Corp. Class C | Reduce -3.2% | 0.53% | +0.01 |
| TDG Transdigm Group Inc. | Reduce -5.0% | 0.44% | +0.01 |
| KSPI JSC Kaspi.kz ADR | Reduce -3.5% | 0.49% | +0.03 |
| ARGX Argenx SE - ADR | Reduce -12.3% | 1.03% | +0.05 |
| APP AppLovin Corp. Class A | Reduce -14.4% | 1.59% | +0.07 |
| APH Amphenol Corp. Class A | Reduce -5.2% | 0.50% | +0.10 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -1.8% | 0.39% | +0.13 |
| DDOG Datadog Inc. Class A | Reduce -28.9% | 0.97% | +0.32 |
| AXON Axon Enterprise Inc. | Reduce -5.3% | 3.08% | +0.48 |
| CRS Carpenter Technology | Reduce -4.5% | 1.80% | +0.53 |
Portfolio Buys Q1 2026 → Q2 2026
| BE Bloom Energy Corp. Class A | Add +64.5% | 3.29% | +2.34 |
| MU Micron Technology Inc. | New | 2.26% | +2.26 |
| STX Seagate Technology Holdings | Add +35.5% | 2.58% | +1.77 |
| AMD Advanced Micro Devices | New | 1.45% | +1.45 |
| SPCX Space Exploration Techn Class A | New | 1.44% | +1.44 |
| SNDK Sandisk Corp. | New | 1.29% | +1.29 |
| LRCX Lam Research Corp. | Add +50.1% | 1.82% | +1.19 |
| SPHR Sphere Entertainment Co. | New | 0.87% | +0.87 |
| ARM Arm Holdings PLC-ADR | New | 0.85% | +0.85 |
| PWR Quanta Services Inc. | Add +19.8% | 2.01% | +0.66 |
| XYZ Block Inc. | Add +2.2% | 1.59% | +0.29 |
| WWD Woodward Inc. | New | 0.24% | +0.24 |
| ONON On Holding AG Class A | Add +18.3% | 0.98% | +0.14 |
| GRAB Grab Holdings Ltd. Class A | Add +79.6% | 0.23% | +0.10 |
| LLY Eli Lilly & Co. | Add +37.8% | 0.20% | +0.08 |
| AAPL Apple Inc. | Add +1316.5% | 0.05% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.03% | +0.03 |
| INTC Intel Corp. | New | 0.02% | +0.02 |
| HOOD Robinhood Markets Inc. Class A | Add +1315.7% | 0.02% | +0.02 |
| TTMI TTM Technologies | New | 0.02% | +0.02 |
| AVAV Aerovironment Inc. | Add +1315.3% | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| CBRS Cerebras Systems Inc. Class A | New | 0.01% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +849.0% | 0.01% | +0.01 |
| STVN Stevanato Group SPA | Add +5.5% | 0.04% | +0.01 |
| TBBB BBB Foods Inc. Class A | New | 0.00% | +0.00 |
| LIN Linde PLC | Add +0.3% | 0.11% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 71 | $26.9B | NVDA, TSM, GOOGL, AMZN, ASML |
| Q1 2026 | 67 | $25.5B | NVDA, TSM, GOOGL, AMZN, SHOP |
| Q4 2025 | 66 | $32.9B | NVDA, TSM, AMZN, GOOGL, SHOP |
| Q3 2025 | 64 | $36.2B | NVDA, TSM, AMZN, MSFT, V |
| Q2 2025 | 66 | $34.8B | NVDA, AMZN, TSM, NFLX, MSFT |
| Q1 2025 | 75 | $29.4B | NVDA, AMZN, NFLX, V, TSM |
| Q4 2024 | 71 | $33.8B | NVDA, AMZN, NOW, SHOP, V |
| Q3 2024 | 67 | $32.9B | NVDA, AMZN, ASML, MELI, V |
| Q2 2024 | 66 | $34.0B | NVDA, AMZN, ASML, MSFT, V |
| Q1 2024 | 76 | $35.8B | NVDA, AMZN, ASML, V, DXCM |