Sands Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Sands Capital Management, LLC reported 67 stock positions worth $32.9 billion. Its top holding was Nvidia (NVDA) at 8.5% of the portfolio, followed by Amazon.com (AMZN, 7.1%) and ASML Holding NV-NY Reg SHS (ASML, 4.9%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 10 and reduced 51. The biggest buy was Apple (AAPL, shares +109%) and the biggest sale Lam Research (LRCX, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON, VA
- CIK
- 0001020066
- Portfolio Value
- $32.9B (Q3 2024)
- SEC Filing
- 0001020066-24-000010 ↗ filed Nov 13, 2024
Holdings Value
Holdings 67 stocks · $32.9B
| NVDA Nvidia Corp. | 8.50% | 23,055,228 | $2.8B | Reduce -8.2% |
| AMZN Amazon.com Inc. | 7.10% | 12,550,445 | $2.3B | Reduce -3.4% |
| ASML ASML Holding NV-NY Reg SHS | 4.87% | 1,924,736 | $1.6B | Reduce -2.5% |
| MELI MercadoLibre Inc. | 4.71% | 755,634 | $1.6B | Reduce -3.4% |
| V Visa Inc. Class A | 4.15% | 4,968,896 | $1.4B | Reduce -5.9% |
| MSFT Microsoft Corp. | 3.97% | 3,043,559 | $1.3B | Reduce -4.9% |
| SHOP Shopify Inc. Class A | 3.69% | 15,171,797 | $1.2B | Add +3.0% |
| NFLX Netflix Inc. | 3.36% | 1,559,983 | $1.1B | Reduce -2.6% |
| NOW ServiceNow Inc. | 3.21% | 1,183,745 | $1.1B | Reduce -6.2% |
| ENTG Entegris Inc. | 2.65% | 7,767,059 | $874.0M | Add +2.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.64% | 63,806,801 | $871.0M | Reduce -19.6% |
| DASH DoorDash Inc. Class A | 2.59% | 5,973,843 | $852.6M | Reduce -6.3% |
| AXON Axon Enterprise Inc. | 2.56% | 2,110,343 | $843.3M | Reduce -17.6% |
| TSM Taiwan Semiconductor-SP ADR | 2.47% | 4,683,522 | $813.4M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 2.46% | 1,415,480 | $810.3M | Reduce -28.9% |
| SE Sea Ltd.-ADR | 2.39% | 8,340,858 | $786.4M | Reduce -4.0% |
| XYZ Block Inc. | 2.29% | 11,227,844 | $753.7M | Reduce -2.5% |
| DXCM Dexcom Inc. | 2.10% | 10,319,198 | $691.8M | Reduce -2.7% |
| TEAM Atlassian Corp. Class A | 2.05% | 4,249,725 | $674.9M | Reduce -0.3% |
| LRCX Lam Research Corp. | 2.04% | 824,114 | $672.5M | Reduce -28.3% |
| OKTA Okta Inc. | 1.95% | 8,622,056 | $641.0M | Reduce -2.2% |
| AAPL Apple Inc. | 1.93% | 2,732,516 | $636.7M | Add +109.0% |
| GOOGL Alphabet Inc. Class A | 1.89% | 3,753,425 | $622.5M | Reduce -0.1% |
| NET Cloudflare Inc. Class A | 1.56% | 6,344,384 | $513.2M | Reduce -1.9% |
| DDOG Datadog Inc. Class A | 1.49% | 4,270,951 | $491.4M | Add +1.6% |
| FLUT Flutter Entertainment PLC-Di | 1.47% | 2,035,122 | $482.9M | Reduce -0.3% |
| IOT Samsara Inc. Class A | 1.20% | 8,215,737 | $395.3M | Add +7.9% |
| SPOT Spotify Technology SA | 1.12% | 998,374 | $367.9M | New |
| NKE Nike Inc. Class B | 1.10% | 4,116,750 | $363.9M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 1.07% | 2,204,395 | $354.1M | Add +260.1% |
| EW Edwards Lifesciences Corp. | 1.07% | 5,338,095 | $352.3M | Reduce -5.5% |
| SNOW Snowflake Inc. | 1.06% | 3,027,836 | $347.8M | Reduce -20.0% |
| CPNG Coupang Inc. | 0.97% | 13,085,536 | $321.2M | Add +3.1% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.86% | 5,118,255 | $284.3M | Reduce -4.4% |
| FND Floor & Decor Holdings Inc. Class A | 0.70% | 1,851,612 | $229.9M | Reduce -5.1% |
| ROP Roper Technologies Inc. | 0.66% | 392,279 | $218.3M | Reduce -3.5% |
| RGEN Repligen Corp. | 0.64% | 1,419,063 | $211.2M | Reduce -0.2% |
| ALGN Align Technology Inc. | 0.62% | 800,408 | $203.6M | Reduce -39.0% |
| GLOB Globant SA | 0.61% | 1,021,824 | $202.5M | Reduce -19.2% |
| UBER Uber Technologies Inc. | 0.61% | 2,686,252 | $201.9M | Reduce -5.4% |
| FWONK Liberty Media Corp. Class C | 0.60% | 2,536,806 | $196.4M | Reduce -3.6% |
| RBLX Roblox Corp. Class A | 0.59% | 4,416,618 | $195.5M | New |
| HDB HDFC Bank Ltd.-ADR | 0.55% | 2,891,413 | $180.9M | Reduce -2.1% |
| TDG Transdigm Group Inc. | 0.50% | 115,136 | $164.3M | Reduce -4.8% |
| IRTC Irhythm Holdings Inc. | 0.48% | 2,122,891 | $157.6M | Reduce -0.1% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.48% | 1,478,214 | $156.7M | Reduce -2.8% |
| XP XP Inc. Class A | 0.47% | 8,705,724 | $156.2M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 0.41% | 231,833 | $135.5M | Reduce -4.7% |
| ABNB Airbnb Inc. Class A | 0.40% | 1,049,462 | $133.1M | Reduce -53.7% |
| GOOG Alphabet Inc. Class C | 0.35% | 684,236 | $114.4M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.33% | 522,260 | $107.9M | Reduce -4.8% |
| CHTR Charter Communications Inc. Class A | 0.32% | 321,256 | $104.1M | Reduce -4.8% |
| RACE Ferrari NV | 0.30% | 208,617 | $98.1M | Reduce -4.5% |
| IQV Iqvia Holdings Inc. | 0.29% | 398,006 | $94.3M | Reduce -4.8% |
| GRAB Grab Holdings Ltd. Class A | 0.25% | 21,974,504 | $83.5M | New |
| SITE Siteone Landscape Supply Inc. | 0.25% | 552,581 | $83.4M | Add +8.8% |
| WCN Waste Connections Inc. | 0.24% | 444,710 | $79.5M | Add +22.7% |
| BZ Kanzhun Ltd. - ADR | 0.23% | 4,430,261 | $76.9M | Reduce -2.8% |
| CDNS Cadence Design SYS Inc. | 0.21% | 249,702 | $67.7M | Reduce -4.5% |
| KVYO Klaviyo Inc. Class A | 0.15% | 1,428,170 | $50.5M | Reduce -0.1% |
| STVN Stevanato Group SPA | 0.10% | 1,717,079 | $34.3M | Reduce -4.4% |
| GLBE Global-E Online Ltd. | 0.08% | 667,122 | $25.6M | Add +0.1% |
| GTLB Gitlab Inc. Class A | 0.02% | 127,475 | $6.6M | No change |
| INDA iShares MSCI India ETF | 0.02% | 111,999 | $6.6M | No change |
| IWF iShares Russell 1000 Growth | 0.01% | 4,900 | $1.8M | Reduce -24.6% |
| PATH Uipath Inc. Class A | 0.00% | 73,641 | $943K | No change |
| TXG 10X Genomics Inc. Class A | 0.00% | 12,542 | $283K | Reduce -99.5% |
Portfolio Sells Q2 2024 → Q3 2024
| LRCX Lam Research Corp. | Reduce -28.3% | 2.04% | −1.56 |
| DXCM Dexcom Inc. | Reduce -2.7% | 2.10% | −1.43 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -2.5% | 4.87% | −1.06 |
| NVDA Nvidia Corp. | Reduce -8.2% | 8.50% | −0.62 |
| ABNB Airbnb Inc. Class A | Reduce -53.7% | 0.40% | −0.61 |
| META Meta Platforms Inc. Class A | Reduce -28.9% | 2.46% | −0.49 |
| OKTA Okta Inc. | Reduce -2.2% | 1.95% | −0.48 |
| EW Edwards Lifesciences Corp. | Reduce -5.5% | 1.07% | −0.46 |
| SNOW Snowflake Inc. | Reduce -20.0% | 1.06% | −0.45 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -19.6% | 2.64% | −0.36 |
| ALGN Align Technology Inc. | Reduce -39.0% | 0.62% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -3.4% | 7.10% | −0.28 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.24 |
| MSFT Microsoft Corp. | Reduce -4.9% | 3.97% | −0.23 |
| IRTC Irhythm Holdings Inc. | Reduce -0.1% | 0.48% | −0.19 |
| TEAM Atlassian Corp. Class A | Reduce -0.3% | 2.05% | −0.17 |
| TXG 10X Genomics Inc. Class A | Reduce -99.5% | 0.00% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.89% | −0.12 |
| KSPI JSC Kaspi.kz ADR | Reduce -2.8% | 0.48% | −0.10 |
| GLOB Globant SA | Reduce -19.2% | 0.61% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -4.5% | 0.21% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.35% | −0.02 |
| BZ Kanzhun Ltd. - ADR | Reduce -2.8% | 0.23% | −0.02 |
| NET Cloudflare Inc. Class A | Reduce -1.9% | 1.56% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -3.5% | 0.66% | −0.01 |
| HDB HDFC Bank Ltd.-ADR | Reduce -2.1% | 0.55% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -24.6% | 0.01% | −0.00 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.00 |
| UBER Uber Technologies Inc. | Reduce -5.4% | 0.61% | +0.01 |
| STVN Stevanato Group SPA | Reduce -4.4% | 0.10% | +0.01 |
| XP XP Inc. Class A | Reduce -2.8% | 0.47% | +0.01 |
| TXN Texas Instruments Inc. | Reduce -4.8% | 0.33% | +0.01 |
| CHTR Charter Communications Inc. Class A | Reduce -4.8% | 0.32% | +0.02 |
| IQV Iqvia Holdings Inc. | Reduce -4.8% | 0.29% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.0% | 2.47% | +0.03 |
| RACE Ferrari NV | Reduce -4.5% | 0.30% | +0.04 |
| FWONK Liberty Media Corp. Class C | Reduce -3.6% | 0.60% | +0.04 |
| TDG Transdigm Group Inc. | Reduce -4.8% | 0.50% | +0.04 |
| UNH Unitedhealth Group Inc. | Reduce -4.7% | 0.41% | +0.05 |
| KVYO Klaviyo Inc. Class A | Reduce -0.1% | 0.15% | +0.05 |
| V Visa Inc. Class A | Reduce -5.9% | 4.15% | +0.07 |
| XYZ Block Inc. | Reduce -2.5% | 2.29% | +0.11 |
| RGEN Repligen Corp. | Reduce -0.2% | 0.64% | +0.11 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -5.1% | 0.70% | +0.13 |
| NFLX Netflix Inc. | Reduce -2.6% | 3.36% | +0.18 |
| NKE Nike Inc. Class B | Reduce -0.1% | 1.10% | +0.19 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -4.4% | 0.86% | +0.22 |
| NOW ServiceNow Inc. | Reduce -6.2% | 3.21% | +0.30 |
| AXON Axon Enterprise Inc. | Reduce -17.6% | 2.56% | +0.35 |
| FLUT Flutter Entertainment PLC-Di | Reduce -0.3% | 1.47% | +0.37 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +109.0% | 1.93% | +1.12 |
| SPOT Spotify Technology SA | New | 1.12% | +1.12 |
| SHOP Shopify Inc. Class A | Add +3.0% | 3.69% | +0.83 |
| ICE Intercontinental Exchange Inc. | Add +260.1% | 1.07% | +0.83 |
| RBLX Roblox Corp. Class A | New | 0.59% | +0.59 |
| IOT Samsara Inc. Class A | Add +7.9% | 1.20% | +0.45 |
| GRAB Grab Holdings Ltd. Class A | New | 0.25% | +0.25 |
| CPNG Coupang Inc. | Add +3.1% | 0.97% | +0.19 |
| SITE Siteone Landscape Supply Inc. | Add +8.8% | 0.25% | +0.07 |
| WCN Waste Connections Inc. | Add +22.7% | 0.24% | +0.05 |
| GLBE Global-E Online Ltd. | Add +0.1% | 0.08% | +0.01 |
| DDOG Datadog Inc. Class A | Add +1.6% | 1.49% | −0.11 |
| ENTG Entegris Inc. | Add +2.9% | 2.65% | −0.35 |
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 |