SANDS CAPITAL MANAGEMENT, LLC

CIK

1020066

Location

ARLINGTON, VA

Portfolio Value

Large $26,790,730,646

Diversification

Diversified

Filing Date

Global Rank

#266 / 8,645 ▼ 28

Top Industry

Semiconductors 23.7%

3Y Alpha vs SPY

+59.7%

Period ended 52 days ago

Filed Aug 13, 2026 · 8d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+464.6%

SPY

+73.6%

Annualised alpha

+57.9%

Max drawdown

−26.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

70 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.5%

−1.9 pts

Top 5

32.3%

−3.4 pts

Top 10

47.9%

−4.7 pts

HHI

370

Diversified−68

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	46.2%	$12,387,992,088	30
Communication Services	16.0%	$4,291,863,324	7
Industrials	14.6%	$3,914,380,964	11
Consumer Cyclical	13.3%	$3,575,499,197	9
Financial Services	5.6%	$1,509,224,790	5
Healthcare	4.0%	$1,083,082,059	6
Basic Materials	0.1%	$28,426,495	1
Consumer Defensive	0.0%	$261,729	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	+7,263,146	16,385,578	$61,773,629
CVNA	Carvana Co.	+6,345,697	8,462,945	$557,031,039
ONON	On Holding AG	+1,159,496	7,485,043	$265,120,223
BE	Bloom Energy Corp	+1,147,520	2,926,558	$885,869,106
LRCX	Lam Research Corp	+378,743	1,133,965	$491,381,053
STX	Seagate Technology Holdings plc	+188,849	720,741	$695,515,065
PWR	Quanta Services, Inc.	+124,131	750,479	$540,374,899
XYZ	Block, Inc.	+121,670	5,632,505	$428,070,380
HOOD	Robinhood Markets, Inc.	+49,286	53,032	$5,318,048
AAPL	Apple Inc.	+42,379	45,598	$13,194,237
STVN	Stevanato Group S.p.A.	+27,171	524,481	$9,477,371
AVAV	AeroVironment Inc	+17,651	18,993	$3,135,174
LLY	ELI LILLY & Co	+12,445	45,332	$54,372,565
LITE	Lumentum Holdings Inc.	+2,649	2,961	$2,540,715
LIN	Linde PLC	+185	54,778	$28,426,495
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	−21,866,415	12,475,806	$166,676,768
IOT	Samsara Inc.	−4,309,012	11,348,732	$368,039,378
NFLX	Netflix Inc	−4,078,054	5,336,614	$381,034,239
NVDA	Nvidia Corp	−4,026,288	14,059,454	$2,813,156,150
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,937,245	3,925,440	$1,874,672,380
AMZN	Amazon Com Inc	−1,857,832	4,861,223	$1,158,623,889
SE	Sea Ltd	−1,730,213	2,998,337	$287,330,634
SHOP	Shopify Inc.	−1,693,587	7,242,079	$826,900,580
DASH	DoorDash, Inc.	−1,631,265	2,325,795	$429,178,951
CPNG	Coupang, Inc.	−1,613,055	7,559,132	$131,302,122
YMM	Full Truck Alliance Co. Ltd.	−675,893	4,294,886	$34,874,474
NET	Cloudflare, Inc.	−422,245	3,239,504	$794,585,541
DDOG	Datadog, Inc.	−406,567	999,799	$260,307,667
KVYO	Klaviyo, Inc.	−396,354	198,806	$3,001,970
V	Visa Inc.	−393,332	2,377,099	$815,558,895
BLDR	Builders FirstSource, Inc.	−337,849	2,283,236	$204,303,957
ICE	Intercontinental Exchange, Inc.	−328,527	4,055,771	$499,305,967
META	Meta Platforms, Inc.	−309,242	969,879	$546,323,141
AVGO	Broadcom Inc.	−275,923	1,126,912	$425,691,008
GOOGL	Alphabet Inc.	−231,097	4,893,397	$1,748,753,285
MSFT	Microsoft Corp	−220,894	1,309,230	$488,368,974
APP	AppLovin Corp	−139,864	831,697	$428,515,245
PANW	Palo Alto Networks Inc	−129,766	31,312	$10,678,018
CSL	Carlisle Companies Inc	−119,742	799,872	$290,153,568
ASML	Asml Holding NV	−106,140	533,693	$1,061,750,148
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	526,810	$608,091,514
AMD	Advanced Micro Devices Inc	672,555	$390,693,925
SPCX	Space Exploration Technologies Corp	2,276,744	$389,004,479
SNDK	Sandisk Corp	153,093	$348,092,146
SPHR	Sphere Entertainment Co.	1,358,321	$235,030,282
ARM	Arm Holdings PLC /Uk	642,829	$227,927,878
WWD	Woodward, Inc.	153,660	$65,373,110
CRWD	CrowdStrike Holdings, Inc.	10,020	$7,646,662
INTC	Intel Corp	39,132	$5,464,001
TTMI	Ttm Technologies Inc	23,625	$4,418,347
CBRS	Cerebras Systems Inc.	11,419	$2,523,599
TBBB	Bbb Foods Inc	6,281	$261,729
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
FLUT	Flutter Entertainment plc	1,988,830	$202,761,218
TTEK	Tetra Tech Inc	6,658,823	$200,563,748
RBLX	Roblox Corp	2,726,701	$154,222,208
BSX	Boston Scientific Corp	736,109	$46,190,839
FIG	Figma, Inc.	187,577	$3,965,377
NOW	ServiceNow, Inc.	31,521	$3,295,520
TEAM	Atlassian Corp	14,281	$974,678
SNOW	Snowflake Inc.	4,178	$630,125
ANET	Arista Networks, Inc.	2,698	$331,260
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

70 tracked positions · $26,790,730,646 total · filing declares 71 positions · $26,928,187,141 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 70 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	14,059,454	-4,026,288	$2,813,156,150	−10.8%	10.50%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	3,925,440	-1,937,245	$1,874,672,380	−5.4%	7.00%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,893,397	-231,097	$1,748,753,285	+18.7%	6.53%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,861,223	-1,857,832	$1,158,623,889	−17.2%	4.32%
ASML	Asml Holding NV Technology	Reduced	533,693	-106,140	$1,061,750,148	+25.6%	3.96%
BE	Bloom Energy Corp Industrials	Added	2,926,558	+1,147,520	$885,869,106	+267.5%	3.31%
AXON	Axon Enterprise, Inc. Industrials	Reduced	1,480,817	-83,687	$830,160,818	+24.9%	3.10%
SHOP	Shopify Inc. Technology	Reduced	7,242,079	-1,693,587	$826,900,580	−22.0%	3.09%
V	Visa Inc. Financial Services	Reduced	2,377,099	-393,332	$815,558,895	−2.6%	3.04%
SPOT	Spotify Technology S.A. Communication Services	Reduced	1,761,206	-33,020	$808,622,510	−7.1%	3.02%
NET	Cloudflare, Inc. Technology	Reduced	3,239,504	-422,245	$794,585,541	+5.2%	2.97%
STX	Seagate Technology Holdings plc Technology	Added	720,741	+188,849	$695,515,065	+233.8%	2.60%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	378,208	-97,247	$641,966,477	−21.9%	2.40%
MU	Micron Technology Inc Technology	NEW	526,810	NEW	$608,091,514	NEW	2.27%
CVNA	Carvana Co. Consumer Cyclical	Added	8,462,945	+6,345,697	$557,031,039	−16.3%	2.08%
META	Meta Platforms, Inc. Communication Services	Reduced	969,879	-309,242	$546,323,141	−25.3%	2.04%
PWR	Quanta Services, Inc. Industrials	Added	750,479	+124,131	$540,374,899	+57.1%	2.02%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	4,055,771	-328,527	$499,305,967	−27.6%	1.86%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	1,252,424	-68,850	$498,063,976	−18.2%	1.86%
LRCX	Lam Research Corp Technology	Added	1,133,965	+378,743	$491,381,053	+204.5%	1.83%
MSFT	Microsoft Corp Technology	Reduced	1,309,230	-220,894	$488,368,974	−13.8%	1.82%
CRS	Carpenter Technology Corp Industrials	Reduced	786,150	-37,127	$484,928,766	+49.4%	1.81%
DASH	DoorDash, Inc. Consumer Cyclical	Reduced	2,325,795	-1,631,265	$429,178,951	−27.8%	1.60%
APP	AppLovin Corp Communication Services	Reduced	831,697	-139,864	$428,515,245	+10.8%	1.60%
XYZ	Block, Inc. Technology	Added	5,632,505	+121,670	$428,070,380	+29.1%	1.60%
AVGO	Broadcom Inc. Technology	Reduced	1,126,912	-275,923	$425,691,008	−2.0%	1.59%
AMD	Advanced Micro Devices Inc Technology	NEW	672,555	NEW	$390,693,925	NEW	1.46%
SPCX	Space Exploration Technologies Corp Industrials	NEW	2,276,744	NEW	$389,004,479	NEW	1.45%
NFLX	Netflix Inc Communication Services	Reduced	5,336,614	-4,078,054	$381,034,239	−57.9%	1.42%
IOT	Samsara Inc. Technology	Reduced	11,348,732	-20,527,043	$368,039,378	−63.6%	1.37%
SNDK	Sandisk Corp Technology	NEW	153,093	NEW	$348,092,146	NEW	1.30%
CSL	Carlisle Companies Inc Industrials	Reduced	799,872	-119,742	$290,153,568	−5.4%	1.08%
SE	Sea Ltd Consumer Cyclical	Reduced	2,998,337	-1,730,213	$287,330,634	−26.6%	1.07%
ARGX	Argenx SE Healthcare	Reduced	298,599	-41,686	$277,031,194	+11.5%	1.03%
ONON	On Holding AG Consumer Cyclical	Added	7,485,043	+1,159,496	$265,120,223	+23.2%	0.99%
DDOG	Datadog, Inc. Technology	Reduced	999,799	-406,567	$260,307,667	+56.8%	0.97%
SPHR	Sphere Entertainment Co. Communication Services	NEW	1,358,321	NEW	$235,030,282	NEW	0.88%
ARM	Arm Holdings PLC /Uk Technology	NEW	642,829	NEW	$227,927,878	NEW	0.85%
BLDR	Builders FirstSource, Inc. Industrials	Reduced	2,283,236	-337,849	$204,303,957	−5.3%	0.76%
NU	Nu Holdings Ltd. Financial Services	Reduced	12,475,806	-21,866,415	$166,676,768	−66.2%	0.62%
FWONA	Liberty Media Corp Communication Services	Reduced	1,509,193	-50,567	$143,584,622	+8.3%	0.54%
MCK	Mckesson Corp Healthcare	Reduced	183,535	-17,748	$138,679,046	−20.4%	0.52%
KSPI	Joint Stock Co Kaspi.kz Technology	Reduced	1,531,017	-55,317	$132,647,312	+12.9%	0.50%
CPNG	Coupang, Inc. Consumer Cyclical	Reduced	7,559,132	-1,613,055	$131,302,122	−24.2%	0.49%
TDG	TransDigm Group INC Industrials	Reduced	89,669	-4,672	$119,442,694	+9.2%	0.45%
RARE	Ultragenyx Pharmaceutical Inc. Healthcare	Reduced	3,158,368	-56,165	$105,457,907	+56.6%	0.39%
RACE	Ferrari N.V. Consumer Cyclical	Reduced	280,101	-7,608	$104,278,801	+7.1%	0.39%
WCN	Waste Connections, Inc. Industrials	Reduced	609,721	-25,182	$101,634,393	−1.5%	0.38%
WWD	Woodward, Inc. Industrials	NEW	153,660	NEW	$65,373,110	NEW	0.24%
GRAB	Grab Holdings Ltd Technology	Added	16,385,578	+7,263,146	$61,773,629	+85.0%	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.