Sands Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Sands Capital Management, LLC reported 76 stock positions worth $35.8 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Amazon.com (AMZN, 6.3%) and ASML Holding NV-NY Reg SHS (ASML, 5.8%). Compared with Q4 2023, it opened 4 new positions, sold out of 2, added to 20 and reduced 46. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +33%) and the biggest sale Dexcom (DXCM, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001020066
- Portfolio Value
- $35.8B (Q1 2024)
- SEC Filing
- 0001020066-24-000004 ↗ filed May 14, 2024
Holdings Value
Holdings 76 stocks · $35.8B
| NVDA Nvidia Corp. | 6.82% | 2,698,401 | $2.4B | Reduce -12.9% |
| AMZN Amazon.com Inc. | 6.31% | 12,508,711 | $2.3B | Reduce -5.4% |
| ASML ASML Holding NV-NY Reg SHS | 5.83% | 2,146,867 | $2.1B | Add +32.8% |
| V Visa Inc. Class A | 4.86% | 6,225,388 | $1.7B | Reduce -3.8% |
| DXCM Dexcom Inc. | 4.23% | 10,896,764 | $1.5B | Reduce -27.6% |
| MSFT Microsoft Corp. | 3.97% | 3,373,000 | $1.4B | Reduce -2.9% |
| LRCX Lam Research Corp. | 3.84% | 1,414,612 | $1.4B | Reduce -15.8% |
| MELI MercadoLibre Inc. | 3.62% | 856,065 | $1.3B | Reduce -7.0% |
| ENTG Entegris Inc. | 3.17% | 8,058,899 | $1.1B | Reduce -4.8% |
| NOW ServiceNow Inc. | 3.05% | 1,428,149 | $1.1B | Reduce -15.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.96% | 88,565,044 | $1.1B | Add +3.9% |
| META Meta Platforms Inc. Class A | 2.95% | 2,173,637 | $1.1B | Add +9.1% |
| NFLX Netflix Inc. | 2.87% | 1,687,387 | $1.0B | Reduce -12.8% |
| SHOP Shopify Inc. Class A | 2.86% | 13,239,020 | $1.0B | Reduce -10.6% |
| XYZ Block Inc. | 2.83% | 11,947,814 | $1.0B | Reduce -13.1% |
| OKTA Okta Inc. | 2.65% | 9,038,677 | $945.6M | Add +8.1% |
| DASH DoorDash Inc. Class A | 2.63% | 6,826,736 | $940.2M | Reduce -4.9% |
| SNOW Snowflake Inc. | 2.32% | 5,140,945 | $830.8M | Reduce -5.6% |
| TEAM Atlassian Corp. Class A | 2.30% | 4,210,974 | $821.6M | Reduce -5.2% |
| AXON Axon Enterprise Inc. | 2.21% | 2,530,094 | $791.6M | Reduce -3.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.99% | 5,217,894 | $709.9M | Reduce -6.7% |
| NET Cloudflare Inc. Class A | 1.75% | 6,466,122 | $626.1M | Reduce -39.0% |
| GOOGL Alphabet Inc. Class A | 1.60% | 3,785,236 | $571.3M | Reduce -8.2% |
| EW Edwards Lifesciences Corp. | 1.55% | 5,802,552 | $554.5M | Reduce -4.9% |
| DDOG Datadog Inc. Class A | 1.48% | 4,293,387 | $530.7M | Reduce -6.0% |
| CSGP Costar Group Inc. | 1.45% | 5,375,482 | $519.3M | Reduce -4.4% |
| SE Sea Ltd.-ADR | 1.40% | 9,328,229 | $501.0M | Add +26.9% |
| ALGN Align Technology Inc. | 1.24% | 1,356,310 | $444.8M | Reduce -5.2% |
| FLUT Flutter Entertainment PLC-Di | 1.14% | 2,072,134 | $409.2M | New |
| ABNB Airbnb Inc. Class A | 1.13% | 2,439,061 | $402.3M | Reduce -4.9% |
| NKE Nike Inc. Class B | 1.09% | 4,154,199 | $390.4M | Reduce -4.2% |
| UBER Uber Technologies Inc. | 1.09% | 5,060,223 | $389.6M | Reduce -22.1% |
| FND Floor & Decor Holdings Inc. Class A | 0.76% | 2,095,384 | $271.6M | Reduce -6.5% |
| GLOB Globant SA | 0.76% | 1,344,335 | $271.4M | Reduce -8.3% |
| RGEN Repligen Corp. | 0.74% | 1,432,737 | $263.5M | Reduce -4.2% |
| XP XP Inc. Class A | 0.70% | 9,705,411 | $249.0M | Reduce -10.0% |
| IRTC Irhythm Holdings Inc. | 0.70% | 2,143,026 | $248.6M | Reduce -4.2% |
| CPNG Coupang Inc. | 0.65% | 13,156,258 | $234.0M | Reduce -8.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.59% | 1,648,137 | $212.0M | New |
| ROP Roper Technologies Inc. | 0.59% | 376,488 | $211.1M | Reduce -1.0% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.50% | 3,859,447 | $180.2M | Reduce -6.3% |
| FWONK Liberty Media Corp. Class C | 0.47% | 2,546,921 | $167.1M | Reduce -2.2% |
| TDG Transdigm Group Inc. | 0.40% | 117,010 | $144.1M | Add +2.1% |
| HDB HDFC Bank Ltd.-ADR | 0.38% | 2,432,967 | $136.2M | Reduce -6.3% |
| TXG 10X Genomics Inc. Class A | 0.36% | 3,383,141 | $127.0M | Reduce -5.8% |
| GOOG Alphabet Inc. Class C | 0.29% | 690,488 | $105.1M | Reduce -4.6% |
| IQV Iqvia Holdings Inc. | 0.29% | 403,956 | $102.2M | Add +1.9% |
| RACE Ferrari NV | 0.27% | 220,901 | $96.3M | Add +0.1% |
| CHTR Charter Communications Inc. Class A | 0.27% | 326,022 | $94.8M | Add +1.9% |
| TXN Texas Instruments Inc. | 0.26% | 530,226 | $92.4M | Add +1.9% |
| STE Steris PLC | 0.26% | 409,845 | $92.1M | Add +1.9% |
| BZ Kanzhun Ltd. - ADR | 0.24% | 4,931,038 | $86.4M | Reduce -9.8% |
| ICE Intercontinental Exchange Inc. | 0.23% | 592,477 | $81.4M | Add +2.2% |
| UNH Unitedhealth Group Inc. | 0.22% | 156,972 | $77.7M | Add +1.9% |
| ZTS Zoetis Inc. | 0.22% | 455,297 | $77.0M | Add +1.9% |
| STVN Stevanato Group SPA | 0.17% | 1,860,141 | $59.7M | Reduce -1.3% |
| IOT Samsara Inc. Class A | 0.17% | 1,573,280 | $59.5M | Reduce -0.4% |
| SITE Siteone Landscape Supply Inc. | 0.15% | 316,764 | $55.3M | Add +1.9% |
| KVYO Klaviyo Inc. Class A | 0.10% | 1,432,037 | $36.5M | Add +115.9% |
| GLBE Global-E Online Ltd. | 0.04% | 438,958 | $16.0M | New |
| INDA iShares MSCI India ETF | 0.03% | 179,504 | $9.3M | Reduce -20.8% |
| GTLB Gitlab Inc. Class A | 0.02% | 114,759 | $6.7M | Add +13.2% |
| CDNS Cadence Design SYS Inc. | 0.00% | 3,255 | $1.0M | Add +1.5% |
| PATH Uipath Inc. Class A | 0.00% | 44,642 | $1.0M | No change |
| TECH Bio-Techne Corp. | 0.00% | 12,732 | $896K | Add +1.4% |
| AAPL Apple Inc. | 0.00% | 1,021 | $175K | New |
| INTU Intuit Inc. | 0.00% | 195 | $127K | No change |
| BILL Bill Holdings Inc. | 0.00% | 1,255 | $86K | No change |
| ADBE Adobe Inc. | 0.00% | 160 | $81K | No change |
| ICLR Icon PLC | 0.00% | 199 | $67K | Reduce -1.0% |
| WCN Waste Connections Inc. | 0.00% | 373 | $64K | Reduce -1.3% |
| LIN Linde PLC | 0.00% | 97 | $45K | Reduce -2.0% |
| CP Canadian Pacific Kansas City | 0.00% | 499 | $44K | Add +23.5% |
| MTCH Match Group Inc. | 0.00% | 821 | $30K | Reduce -100.0% |
| COUR Coursera Inc. | 0.00% | 1,285 | $18K | No change |
| ILMN Illumina Inc. | 0.00% | 103 | $14K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| DXCM Dexcom Inc. | Reduce -27.6% | 4.23% | −1.45 |
| SNOW Snowflake Inc. | Reduce -5.6% | 2.32% | −0.97 |
| NET Cloudflare Inc. Class A | Reduce -39.0% | 1.75% | −0.93 |
| TEAM Atlassian Corp. Class A | Reduce -5.2% | 2.30% | −0.91 |
| MELI MercadoLibre Inc. | Reduce -7.0% | 3.62% | −0.78 |
| SHOP Shopify Inc. Class A | Reduce -10.6% | 2.86% | −0.65 |
| NOW ServiceNow Inc. | Reduce -15.8% | 3.05% | −0.60 |
| MTCH Match Group Inc. | Reduce -100.0% | 0.00% | −0.54 |
| XYZ Block Inc. | Reduce -13.1% | 2.83% | −0.41 |
| NKE Nike Inc. Class B | Reduce -4.2% | 1.09% | −0.34 |
| GLOB Globant SA | Reduce -8.3% | 0.76% | −0.30 |
| V Visa Inc. Class A | Reduce -3.8% | 4.86% | −0.26 |
| TXG 10X Genomics Inc. Class A | Reduce -5.8% | 0.36% | −0.26 |
| DDOG Datadog Inc. Class A | Reduce -6.0% | 1.48% | −0.20 |
| XP XP Inc. Class A | Reduce -10.0% | 0.70% | −0.16 |
| LRCX Lam Research Corp. | Reduce -15.8% | 3.84% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -8.2% | 1.60% | −0.15 |
| HDB HDFC Bank Ltd.-ADR | Reduce -6.3% | 0.38% | −0.15 |
| UBER Uber Technologies Inc. | Reduce -22.1% | 1.09% | −0.13 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -6.3% | 0.50% | −0.09 |
| RGEN Repligen Corp. | Reduce -4.2% | 0.74% | −0.08 |
| CPNG Coupang Inc. | Reduce -8.9% | 0.65% | −0.06 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.05 |
| CSGP Costar Group Inc. | Reduce -4.4% | 1.45% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -1.0% | 0.59% | −0.04 |
| BZ Kanzhun Ltd. - ADR | Reduce -9.8% | 0.24% | −0.03 |
| IRTC Irhythm Holdings Inc. | Reduce -4.2% | 0.70% | −0.03 |
| FWONK Liberty Media Corp. Class C | Reduce -2.2% | 0.47% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -4.6% | 0.29% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -20.8% | 0.03% | −0.01 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −0.00 |
| MSFT Microsoft Corp. | Reduce -2.9% | 3.97% | −0.00 |
| WCN Waste Connections Inc. | Reduce -1.3% | 0.00% | 0.00 |
| ICLR Icon PLC | Reduce -1.0% | 0.00% | 0.00 |
| LIN Linde PLC | Reduce -2.0% | 0.00% | 0.00 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -6.5% | 0.76% | +0.00 |
| NFLX Netflix Inc. | Reduce -12.8% | 2.87% | +0.00 |
| IOT Samsara Inc. Class A | Reduce -0.4% | 0.17% | +0.01 |
| STVN Stevanato Group SPA | Reduce -1.3% | 0.17% | +0.01 |
| ALGN Align Technology Inc. | Reduce -5.2% | 1.24% | +0.05 |
| ABNB Airbnb Inc. Class A | Reduce -4.9% | 1.13% | +0.06 |
| ENTG Entegris Inc. | Reduce -4.8% | 3.17% | +0.09 |
| EW Edwards Lifesciences Corp. | Reduce -4.9% | 1.55% | +0.14 |
| AXON Axon Enterprise Inc. | Reduce -3.8% | 2.21% | +0.15 |
| AMZN Amazon.com Inc. | Reduce -5.4% | 6.31% | +0.20 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.7% | 1.99% | +0.22 |
| DASH DoorDash Inc. Class A | Reduce -4.9% | 2.63% | +0.47 |
| NVDA Nvidia Corp. | Reduce -12.9% | 6.82% | +2.16 |
Portfolio Buys Q4 2023 → Q1 2024
| ASML ASML Holding NV-NY Reg SHS | Add +32.8% | 5.83% | +2.11 |
| FLUT Flutter Entertainment PLC-Di | New | 1.14% | +1.14 |
| META Meta Platforms Inc. Class A | Add +9.1% | 2.95% | +0.81 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +3.9% | 2.96% | +0.80 |
| KSPI JSC Kaspi.kz ADR | New | 0.59% | +0.59 |
| SE Sea Ltd.-ADR | Add +26.9% | 1.40% | +0.50 |
| OKTA Okta Inc. | Add +8.1% | 2.65% | +0.35 |
| TDG Transdigm Group Inc. | Add +2.1% | 0.40% | +0.05 |
| KVYO Klaviyo Inc. Class A | Add +115.9% | 0.10% | +0.05 |
| GLBE Global-E Online Ltd. | New | 0.04% | +0.04 |
| RACE Ferrari NV | Add +0.1% | 0.27% | +0.04 |
| IQV Iqvia Holdings Inc. | Add +1.9% | 0.29% | +0.01 |
| ICE Intercontinental Exchange Inc. | Add +2.2% | 0.23% | +0.00 |
| SITE Siteone Landscape Supply Inc. | Add +1.9% | 0.15% | +0.00 |
| AAPL Apple Inc. | New | 0.00% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +1.5% | 0.00% | +0.00 |
| CP Canadian Pacific Kansas City | Add +23.5% | 0.00% | 0.00 |
| TECH Bio-Techne Corp. | Add +1.4% | 0.00% | −0.00 |
| GTLB Gitlab Inc. Class A | Add +13.2% | 0.02% | −0.00 |
| STE Steris PLC | Add +1.9% | 0.26% | −0.01 |
| TXN Texas Instruments Inc. | Add +1.9% | 0.26% | −0.01 |
| UNH Unitedhealth Group Inc. | Add +1.9% | 0.22% | −0.03 |
| ZTS Zoetis Inc. | Add +1.9% | 0.22% | −0.05 |
| CHTR Charter Communications Inc. Class A | Add +1.9% | 0.27% | −0.11 |
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 |