Q2 2026 13F · SEC CIK 1020066

Sands Capital Management, LLC

Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $26.9B
Reported positions: 71
Top holdings a year, 3 yrs: +21.7%
Assets under management: $44.3B

Sands Capital Management, LLC is a hedge fund that reported 71 positions worth $26.9B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Nvidia Corporation (NVDA, 10.4%), Taiwan Semiconductor Manufac (TSM, 7.0%), Alphabet Inc (GOOGL, 6.5%). A portfolio copying its top holdings returned 21.7% a year over the last 3 years, against 20.4% for the S&P 500.

Sands Capital Management, LLC holdings largest 50 of 71 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Sands Capital Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	10.4%	12.4%	14,059,454	-22.3%	$2.8B
TSMTaiwan Semiconductor Manufac	7.0%	7.8%	3,925,440	-33.0%	$1.9B
GOOGLAlphabet Inc	6.5%	5.8%	4,893,397	-4.5%	$1.7B
AMZNAmazon Com Inc	4.3%	5.5%	4,861,223	-27.7%	$1.2B
ASMLAsml Hldg NV	3.9%	3.3%	533,693	-16.6%	$1.1B
BEBloom Energy Corp	3.3%	0.9%	2,926,558	+64.5%	$885.9M
AXONAxon Enterprise Inc	3.1%	2.6%	1,480,817	-5.3%	$830.2M
SHOPShopify Inc	3.1%	4.2%	7,242,079	-19.0%	$826.9M
VVisa Inc	3.0%	3.3%	2,377,099	-14.2%	$815.6M
SPOTSpotify Technology SA	3.0%	3.4%	1,761,206	-1.8%	$808.6M
NETCloudflare Inc	3.0%	3.0%	3,239,504	-11.5%	$794.6M
STXSeagate Technology Hldngs Pl	2.6%	0.8%	720,741	+35.5%	$695.5M
MELIMercadolibre Inc	2.4%	3.2%	378,208	-20.5%	$642.0M
MUMicron Technology Inc	2.3%	—	526,810	—	$608.1M
CVNACarvana Co	2.1%	2.6%	8,462,945	+299.7%	$557.0M
METAMeta Platforms Inc	2.0%	2.9%	969,879	-24.2%	$546.3M
PWRQuanta Svcs Inc	2.0%	1.3%	750,479	+19.8%	$540.4M
ICEIntercontinental Exchange Inc	1.9%	2.7%	4,055,771	-7.5%	$499.3M
ISRGIntuitive Surgical Inc	1.9%	2.4%	1,252,424	-5.2%	$498.1M
LRCXLam Research Corp	1.8%	0.6%	1,133,965	+50.1%	$491.4M
MSFTMicrosoft Corp	1.8%	2.2%	1,309,230	-14.4%	$488.4M
CRSCarpenter Technology Corp	1.8%	1.3%	786,150	-4.5%	$484.9M
DASHDoordash Inc	1.6%	2.3%	2,325,795	-41.2%	$429.2M
APPApplovin Corp	1.6%	1.5%	831,697	-14.4%	$428.5M
SQBlock Inc	1.6%	1.3%	5,632,505	+2.2%	$428.1M
AVGOBroadcom Inc	1.6%	1.7%	1,126,912	-19.7%	$425.7M
AMDAdvanced Micro Devices Inc	1.5%	—	672,555	—	$390.7M
SPCXSpace Exploration Techn Corp	1.4%	—	2,276,744	—	$389.0M
NFLXNetflix Inc.	1.4%	3.6%	5,336,614	-43.3%	$381.0M
IOTSamsara Inc.	1.4%	1.9%	11,348,732	-27.5%	$368.0M
SNDKSandisk Corp	1.3%	—	153,093	—	$348.1M
CSLCarlisle Cos Inc	1.1%	1.2%	799,872	-13.0%	$290.2M
SESea Ltd	1.1%	1.5%	2,998,337	-36.6%	$287.3M
ARGNFArgenx SE	1.0%	1.0%	298,599	-12.3%	$277.0M
ONONOn Hldg AG	1.0%	0.8%	7,485,043	+18.3%	$265.1M
DDOGDatadog Inc	1.0%	0.7%	999,799	-28.9%	$260.3M
SPHRSphere Entertainment Co	0.9%	—	1,358,321	—	$235.0M
ARMArm Holdings PLC	0.8%	—	642,829	—	$227.9M
BLDRBuilders Firstsource Inc	0.8%	0.8%	2,283,236	-12.9%	$204.3M
NUNu Hldgs Ltd	0.6%	1.9%	12,475,806	-63.7%	$166.7M
FWONKLiberty Media Corp Del	0.5%	0.5%	1,509,193	-3.2%	$143.6M
MCKMckesson Corp	0.5%	0.7%	183,535	-8.8%	$138.7M
APHAmphenol Corp	0.5%	0.4%	763,951	-5.2%	$134.7M
KSPIKaspi Kz Jsc	0.5%	0.5%	1,531,017	-3.5%	$132.6M
CPNGCoupang Inc	0.5%	0.7%	7,559,132	-17.6%	$131.3M
TDGTransdigm Group Inc	0.4%	0.4%	89,669	-5.0%	$119.4M
RAREUltragenyx Pharmaceutical in	0.4%	0.3%	3,158,368	-1.7%	$105.5M
RACEFerrari N V	0.4%	0.4%	280,101	-2.6%	$104.3M
WCNWaste Connections Inc	0.4%	0.4%	609,721	-4.0%	$101.6M
WWDWoodward, Inc.	0.2%	—	153,660	—	$65.4M

What Sands Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CVNA Carvana Co+299.7% shares
BE Bloom Energy Corp+64.5% shares
LRCX Lam Research Corp+50.1% shares
STX Seagate Technology Hldngs Pl+35.5% shares
PWR Quanta Svcs Inc+19.8% shares
ONON On Hldg AG+18.3% shares

Reduced

NU Nu Hldgs Ltd-63.7% shares
NFLX Netflix Inc.-43.3% shares
DASH Doordash Inc-41.2% shares
SE Sea Ltd-36.6% shares
TSM Taiwan Semiconductor Manufac-33.0% shares
DDOG Datadog Inc-28.9% shares
AMZN Amazon Com Inc-27.7% shares
IOT Samsara Inc.-27.5% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +4.0% /yr; S&P 500 +20.1%
3 years: +21.7% /yr; S&P 500 +20.4%
5 years: +0.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$26.9B	71
Q1 2026	$25.5B	67
Q4 2025	$32.9B	66
Q3 2025	$36.2B	64
Q2 2025	$34.8B	66
Q1 2025	$29.4B	75
Q4 2024	$33.8B	71
Q3 2024	$32.9B	67
Q2 2024	$34.0B	66
Q1 2024	$35.8B	76
Q4 2023	$32.9B	74
Q3 2023	$29.4B	75

Questions about Sands Capital Management, LLC's portfolio

What stocks does Sands Capital Management, LLC own?

Sands Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 71 positions worth $26.9B. The largest are Nvidia Corporation (NVDA) at 10.4%, Taiwan Semiconductor Manufac (TSM) at 7.0%, Alphabet Inc (GOOGL) at 6.5%, Amazon Com Inc (AMZN) at 4.3% and Asml Hldg NV (ASML) at 3.9%.

What did Sands Capital Management, LLC buy last quarter?

In Q2 2026, Sands Capital Management, LLC added Carvana Co (CVNA) (+299.7% shares), Bloom Energy Corp (BE) (+64.5% shares) and Lam Research Corp (LRCX) (+50.1% shares), compared with its Q1 2026 filing.

What did Sands Capital Management, LLC sell last quarter?

In Q2 2026, Sands Capital Management, LLC cut from its top 50 Flutter Entmt PLC (FLUT), cut from its top 50 Tetra Tech Inc New (TTEK), cut from its top 50 Roblox Corp (RBLX), cut from its top 50 Boston Scientific Corp (BSX), cut from its top 50 Full Truck ADR (YMM), Nu Hldgs Ltd (NU) (-63.7% shares), Netflix Inc. (NFLX) (-43.3% shares) and Doordash Inc (DASH) (-41.2% shares), compared with its Q1 2026 filing.

How has Sands Capital Management, LLC's portfolio performed?

A portfolio copying Sands Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +4.0% against +20.1%. Over 5 years: +0.9% a year against +11.6%.

When is Sands Capital Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Sands Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Sands Capital Management, LLC manage?

Sands Capital Management, LLC reported $44.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $26.9B.