Sands Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Sands Capital Management, LLC reported 66 stock positions worth $34.0 billion. Its top holding was Nvidia (NVDA) at 9.1% of the portfolio, followed by Amazon.com (AMZN, 7.4%) and ASML Holding NV-NY Reg SHS (ASML, 5.9%). Compared with Q1 2024, it opened 1 new position, sold out of 11, added to 24 and reduced 41. The biggest buy was Amazon.com (AMZN, shares +4%) and the biggest sale Costar (CSGP, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001020066
- Portfolio Value
- $34.0B (Q2 2024)
- SEC Filing
- 0001020066-24-000006 ↗ filed Aug 13, 2024
Holdings Value
Holdings 66 stocks · $34.0B
| NVDA Nvidia Corp. | 9.12% | 25,116,421 | $3.1B | Reduce -6.9% |
| AMZN Amazon.com Inc. | 7.38% | 12,993,065 | $2.5B | Add +3.9% |
| ASML ASML Holding NV-NY Reg SHS | 5.93% | 1,974,018 | $2.0B | Reduce -8.1% |
| MSFT Microsoft Corp. | 4.20% | 3,199,422 | $1.4B | Reduce -5.2% |
| V Visa Inc. Class A | 4.07% | 5,281,359 | $1.4B | Reduce -15.2% |
| MELI MercadoLibre Inc. | 3.78% | 782,581 | $1.3B | Reduce -8.6% |
| LRCX Lam Research Corp. | 3.60% | 1,149,710 | $1.2B | Reduce -18.7% |
| DXCM Dexcom Inc. | 3.53% | 10,606,503 | $1.2B | Reduce -2.7% |
| NFLX Netflix Inc. | 3.17% | 1,600,958 | $1.1B | Reduce -5.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 3.01% | 79,341,079 | $1.0B | Reduce -10.4% |
| ENTG Entegris Inc. | 3.00% | 7,551,714 | $1.0B | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 2.95% | 1,990,662 | $1.0B | Reduce -8.4% |
| NOW ServiceNow Inc. | 2.92% | 1,262,175 | $992.9M | Reduce -11.6% |
| SHOP Shopify Inc. Class A | 2.86% | 14,736,374 | $973.3M | Add +11.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.44% | 4,779,253 | $830.7M | Reduce -8.4% |
| OKTA Okta Inc. | 2.42% | 8,812,081 | $824.9M | Reduce -2.5% |
| TEAM Atlassian Corp. Class A | 2.22% | 4,262,719 | $754.0M | Add +1.2% |
| AXON Axon Enterprise Inc. | 2.21% | 2,559,692 | $753.2M | Add +1.2% |
| XYZ Block Inc. | 2.18% | 11,510,438 | $742.3M | Reduce -3.7% |
| DASH DoorDash Inc. Class A | 2.04% | 6,373,337 | $693.3M | Reduce -6.6% |
| GOOGL Alphabet Inc. Class A | 2.01% | 3,758,396 | $684.6M | Reduce -0.7% |
| SE Sea Ltd.-ADR | 1.82% | 8,691,528 | $620.7M | Reduce -6.8% |
| DDOG Datadog Inc. Class A | 1.60% | 4,203,680 | $545.2M | Reduce -2.1% |
| NET Cloudflare Inc. Class A | 1.57% | 6,469,002 | $535.8M | Add +0.0% |
| EW Edwards Lifesciences Corp. | 1.53% | 5,648,655 | $521.8M | Reduce -2.6% |
| SNOW Snowflake Inc. | 1.50% | 3,785,371 | $511.4M | Reduce -26.4% |
| FLUT Flutter Entertainment PLC-Di | 1.09% | 2,040,665 | $372.1M | Reduce -1.5% |
| ABNB Airbnb Inc. Class A | 1.01% | 2,268,780 | $344.0M | Reduce -7.0% |
| ALGN Align Technology Inc. | 0.93% | 1,311,368 | $316.6M | Reduce -3.3% |
| NKE Nike Inc. Class B | 0.91% | 4,121,603 | $310.6M | Reduce -0.8% |
| AAPL Apple Inc. | 0.81% | 1,307,375 | $275.4M | Add +127948.5% |
| CPNG Coupang Inc. | 0.78% | 12,689,542 | $265.8M | Reduce -3.5% |
| IOT Samsara Inc. Class A | 0.75% | 7,612,221 | $256.5M | Add +383.8% |
| ROP Roper Technologies Inc. | 0.67% | 406,490 | $229.1M | Add +8.0% |
| IRTC Irhythm Holdings Inc. | 0.67% | 2,126,003 | $228.8M | Reduce -0.8% |
| GLOB Globant SA | 0.66% | 1,264,737 | $225.5M | Reduce -5.9% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.65% | 5,354,750 | $220.1M | Add +38.7% |
| UBER Uber Technologies Inc. | 0.61% | 2,839,640 | $206.4M | Reduce -43.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.58% | 1,520,341 | $196.1M | Reduce -7.8% |
| FND Floor & Decor Holdings Inc. Class A | 0.57% | 1,951,145 | $194.0M | Reduce -6.9% |
| HDB HDFC Bank Ltd.-ADR | 0.56% | 2,954,101 | $190.0M | Add +21.4% |
| FWONK Liberty Media Corp. Class C | 0.56% | 2,631,724 | $189.1M | Add +3.3% |
| RGEN Repligen Corp. | 0.53% | 1,421,532 | $179.2M | Reduce -0.8% |
| XP XP Inc. Class A | 0.46% | 8,955,234 | $157.5M | Reduce -7.7% |
| TDG Transdigm Group Inc. | 0.45% | 120,882 | $154.4M | Add +3.3% |
| GOOG Alphabet Inc. Class C | 0.37% | 685,219 | $125.7M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 0.36% | 243,363 | $123.9M | Add +55.0% |
| TXN Texas Instruments Inc. | 0.31% | 548,354 | $106.7M | Add +3.4% |
| CHTR Charter Communications Inc. Class A | 0.30% | 337,305 | $100.8M | Add +3.5% |
| RACE Ferrari NV | 0.26% | 218,512 | $89.2M | Reduce -1.1% |
| IQV Iqvia Holdings Inc. | 0.26% | 417,892 | $88.4M | Add +3.5% |
| BZ Kanzhun Ltd. - ADR | 0.25% | 4,556,908 | $85.7M | Reduce -7.6% |
| ICE Intercontinental Exchange Inc. | 0.25% | 612,078 | $83.8M | Add +3.3% |
| ZTS Zoetis Inc. | 0.24% | 470,851 | $81.6M | Add +3.4% |
| CDNS Cadence Design SYS Inc. | 0.24% | 261,404 | $80.4M | Add +7930.8% |
| WCN Waste Connections Inc. | 0.19% | 362,335 | $63.5M | Add +97040.8% |
| SITE Siteone Landscape Supply Inc. | 0.18% | 508,140 | $61.7M | Add +60.4% |
| TXG 10X Genomics Inc. Class A | 0.13% | 2,334,901 | $45.4M | Reduce -31.0% |
| KVYO Klaviyo Inc. Class A | 0.10% | 1,429,762 | $35.6M | Reduce -0.2% |
| STVN Stevanato Group SPA | 0.10% | 1,795,866 | $32.9M | Reduce -3.5% |
| GLBE Global-E Online Ltd. | 0.07% | 666,481 | $24.2M | Add +51.8% |
| GTLB Gitlab Inc. Class A | 0.02% | 127,475 | $6.3M | Add +11.1% |
| INDA iShares MSCI India ETF | 0.02% | 111,999 | $6.2M | Reduce -37.6% |
| IWF iShares Russell 1000 Growth | 0.01% | 6,500 | $2.4M | New |
| PATH Uipath Inc. Class A | 0.00% | 73,641 | $934K | Add +65.0% |
| CSGP Costar Group Inc. | 0.00% | 5,398 | $400K | Reduce -99.9% |
Portfolio Sells Q1 2024 → Q2 2024
| CSGP Costar Group Inc. | Reduce -99.9% | 0.00% | −1.45 |
| SNOW Snowflake Inc. | Reduce -26.4% | 1.50% | −0.82 |
| V Visa Inc. Class A | Reduce -15.2% | 4.07% | −0.79 |
| DXCM Dexcom Inc. | Reduce -2.7% | 3.53% | −0.69 |
| XYZ Block Inc. | Reduce -3.7% | 2.18% | −0.65 |
| DASH DoorDash Inc. Class A | Reduce -6.6% | 2.04% | −0.59 |
| UBER Uber Technologies Inc. | Reduce -43.9% | 0.61% | −0.48 |
| ALGN Align Technology Inc. | Reduce -3.3% | 0.93% | −0.31 |
| STE Steris PLC | Sold out | 0.00% | −0.26 |
| LRCX Lam Research Corp. | Reduce -18.7% | 3.60% | −0.25 |
| XP XP Inc. Class A | Reduce -7.7% | 0.46% | −0.23 |
| TXG 10X Genomics Inc. Class A | Reduce -31.0% | 0.13% | −0.22 |
| OKTA Okta Inc. | Reduce -2.5% | 2.42% | −0.22 |
| RGEN Repligen Corp. | Reduce -0.8% | 0.53% | −0.21 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -6.9% | 0.57% | −0.19 |
| NKE Nike Inc. Class B | Reduce -0.8% | 0.91% | −0.18 |
| ENTG Entegris Inc. | Reduce -6.3% | 3.00% | −0.16 |
| NOW ServiceNow Inc. | Reduce -11.6% | 2.92% | −0.13 |
| ABNB Airbnb Inc. Class A | Reduce -7.0% | 1.01% | −0.11 |
| GLOB Globant SA | Reduce -5.9% | 0.66% | −0.10 |
| STVN Stevanato Group SPA | Reduce -3.5% | 0.10% | −0.07 |
| FLUT Flutter Entertainment PLC-Di | Reduce -1.5% | 1.09% | −0.05 |
| IRTC Irhythm Holdings Inc. | Reduce -0.8% | 0.67% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -2.6% | 1.53% | −0.02 |
| KSPI JSC Kaspi.kz ADR | Reduce -7.8% | 0.58% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -37.6% | 0.02% | −0.01 |
| RACE Ferrari NV | Reduce -1.1% | 0.26% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -8.4% | 2.95% | −0.00 |
| TECH Bio-Techne Corp. | Sold out | 0.00% | −0.00 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.00 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.00 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.00 |
| ICLR Icon PLC | Sold out | 0.00% | −0.00 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.00 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.00 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.00 |
| LIN Linde PLC | Sold out | 0.00% | −0.00 |
| ILMN Illumina Inc. | Sold out | 0.00% | 0.00 |
| KVYO Klaviyo Inc. Class A | Reduce -0.2% | 0.10% | +0.00 |
| BZ Kanzhun Ltd. - ADR | Reduce -7.6% | 0.25% | +0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -10.4% | 3.01% | +0.05 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 0.37% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -8.1% | 5.93% | +0.10 |
| DDOG Datadog Inc. Class A | Reduce -2.1% | 1.60% | +0.12 |
| CPNG Coupang Inc. | Reduce -3.5% | 0.78% | +0.13 |
| MELI MercadoLibre Inc. | Reduce -8.6% | 3.78% | +0.16 |
| MSFT Microsoft Corp. | Reduce -5.2% | 4.20% | +0.23 |
| NFLX Netflix Inc. | Reduce -5.1% | 3.17% | +0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 2.01% | +0.41 |
| SE Sea Ltd.-ADR | Reduce -6.8% | 1.82% | +0.42 |
Portfolio Buys Q1 2024 → Q2 2024
| AMZN Amazon.com Inc. | Add +3.9% | 7.38% | +1.07 |
| AAPL Apple Inc. | Add +127948.5% | 0.81% | +0.81 |
| IOT Samsara Inc. Class A | Add +383.8% | 0.75% | +0.59 |
| CDNS Cadence Design SYS Inc. | Add +7930.8% | 0.24% | +0.23 |
| WCN Waste Connections Inc. | Add +97040.8% | 0.19% | +0.19 |
| HDB HDFC Bank Ltd.-ADR | Add +21.4% | 0.56% | +0.18 |
| UNH Unitedhealth Group Inc. | Add +55.0% | 0.36% | +0.15 |
| RARE Ultragenyx Pharmaceutical Inc. | Add +38.7% | 0.65% | +0.14 |
| FWONK Liberty Media Corp. Class C | Add +3.3% | 0.56% | +0.09 |
| ROP Roper Technologies Inc. | Add +8.0% | 0.67% | +0.08 |
| TXN Texas Instruments Inc. | Add +3.4% | 0.31% | +0.06 |
| TDG Transdigm Group Inc. | Add +3.3% | 0.45% | +0.05 |
| CHTR Charter Communications Inc. Class A | Add +3.5% | 0.30% | +0.03 |
| SITE Siteone Landscape Supply Inc. | Add +60.4% | 0.18% | +0.03 |
| GLBE Global-E Online Ltd. | Add +51.8% | 0.07% | +0.03 |
| ZTS Zoetis Inc. | Add +3.4% | 0.24% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +3.3% | 0.25% | +0.02 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| SHOP Shopify Inc. Class A | Add +11.3% | 2.86% | +0.00 |
| GTLB Gitlab Inc. Class A | Add +11.1% | 0.02% | −0.00 |
| PATH Uipath Inc. Class A | Add +65.0% | 0.00% | −0.00 |
| AXON Axon Enterprise Inc. | Add +1.2% | 2.21% | −0.00 |
| IQV Iqvia Holdings Inc. | Add +3.5% | 0.26% | −0.03 |
| TEAM Atlassian Corp. Class A | Add +1.2% | 2.22% | −0.08 |
| NET Cloudflare Inc. Class A | Add +0.0% | 1.57% | −0.18 |
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 |