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SANDS CAPITAL MANAGEMENT, LLC
hedge fundUpdated 28 days agoManaged by Sands Capital Management, Llc • Latest filing Q2 2026
Portfolio value
$26.9B
Q2 2026
Filings
17
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
-1.7%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 17 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q2 2022 | $28.9B |
| Q3 2022 | $26.6B |
| Q4 2022 | $26.5B |
| Q1 2023 | $30.4B |
| Q2 2023 | $32.2B |
| Q3 2023 | $29.4B |
| Q4 2023 | $32.9B |
| Q1 2024 | $35.8B |
| Q2 2024 | $34B |
| Q3 2024 | $32.9B |
| Q4 2024 | $33.8B |
| Q1 2025 | $29.4B |
| Q2 2025 | $34.8B |
| Q3 2025 | $36.2B |
| Q4 2025 | $32.9B |
| Q1 2026 | $25.5B |
| Q2 2026 | $26.9B |
Top holdings
71 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | N NVDA NVIDIA CORPORATION | $2.8B | 14.06M | 10.45% | Trimmed(-22.3%) |
| 2 | T TSMWF TAIWAN SEMICONDUCTOR MANUFAC | $1.9B | 3.93M | 6.96% | Trimmed(-33.0%) |
| 3 | G GOOGN ALPHABET INC | $1.7B | 4.89M | 6.49% | Trimmed(-4.5%) |
| 4 | A AMZN AMAZON COM INC | $1.2B | 4.86M | 4.30% | Trimmed(-27.6%) |
| 5 | A ASMLF ASML HLDG NV | $1.1B | 533.7K | 3.94% | Trimmed(-16.6%) |
| 6 | B BE BLOOM ENERGY CORP | $885.9M | 2.93M | 3.29% | Added(+64.5%) |
| 7 | A AXON AXON ENTERPRISE INC | $830.2M | 1.48M | 3.08% | Trimmed(-5.3%) |
| 8 | S SHOP SHOPIFY INC | $826.9M | 7.24M | 3.07% | Trimmed(-18.9%) |
| 9 | V V VISA INC | $815.6M | 2.38M | 3.03% | Trimmed(-14.2%) |
| 10 | S SPOT SPOTIFY TECHNOLOGY S A | $808.6M | 1.76M | 3.00% | Trimmed(-1.8%) |
| 11 | N NET CLOUDFLARE INC | $794.6M | 3.24M | 2.95% | Trimmed(-11.5%) |
| 12 | S STX SEAGATE TECHNOLOGY HLDNGS PL | $695.5M | 720.7K | 2.58% | Added(+35.5%) |
| 13 | M MELI MERCADOLIBRE INC | $642M | 378.2K | 2.38% | Trimmed(-20.4%) |
| 14 | M MU MICRON TECHNOLOGY INC | $608.1M | 526.8K | 2.26% | — |
| 15 | C CVNA CARVANA CO | $557M | 8.46M | 2.07% | Added(+299.7%) |
| 16 | M META META PLATFORMS INC | $546.3M | 969.9K | 2.03% | Trimmed(-24.2%) |
| 17 | P PWR QUANTA SVCS INC | $540.4M | 750.5K | 2.01% | Added(+19.8%) |
| 18 | I ICE INTERCONTINENTAL EXCHANGE IN | $499.3M | 4.06M | 1.85% | Trimmed(-7.5%) |
| 19 | I ISRG INTUITIVE SURGICAL INC | $498.1M | 1.25M | 1.85% | Trimmed(-5.2%) |
| 20 | L LRCX LAM RESEARCH CORP | $491.4M | 1.13M | 1.82% | Added(+50.1%) |