Sands Capital Alternatives, LLC

CIK

1846444

Location

ARLINGTON, VA

Portfolio Value

Small $421,198,296

Diversification

Diversified

Filing Date

Global Rank

#2,859 / 8,603 ▼ 250 · as of Mar 2026

Top Industry

Biotechnology 26.0%

3Y Alpha vs SPY

-14.9%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

19 quarters · since Sep 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+17.7%

SPY

+76.0%

Annualised alpha

-15.2%

Max drawdown

−39.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

22.3%

−0.6 pts

Top 5

68.6%

−6.8 pts

Top 10

87.0%

−1.8 pts

HHI

1,214

Diversified−338

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	40.5%	$170,704,451	10
Technology	28.7%	$120,736,493	8
Financial Services	22.3%	$93,947,740	1
Consumer Cyclical	8.5%	$35,809,612	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
ABOS	Acumen Pharmaceuticals, Inc.	+303,030	3,720,105	$8,779,447
CPNG	Coupang, Inc.	+141,667	1,012,091	$19,108,278
BBNX	Beta Bionics, Inc.	+137,930	3,708,043	$37,154,590
IOT	Samsara Inc.	+94,097	560,287	$17,755,495
DASH	DoorDash, Inc.	+15,613	111,231	$16,701,334
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
NU	Nu Holdings Ltd.	−323,630	6,537,769	$93,947,740
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
SGP	SpyGlass Pharma, Inc.	2,500,012	$64,775,310
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

21 positions · $421,198,296 total · as of Mar 31, 2026

All sectors Consumer Cyclical Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NU	Nu Holdings Ltd. Financial Services	Reduced	6,537,769	-323,630	$93,947,740	−18.2%	22.30%
KVYO	Klaviyo, Inc. Technology	Held	3,649,678	0	$71,022,733	−40.1%	16.86%
SGP	SpyGlass Pharma, Inc. Healthcare	NEW	2,500,012	NEW	$64,775,310	NEW	15.38%
BBNX	Beta Bionics, Inc. Healthcare	Added	3,708,043	+137,930	$37,154,590	−65.8%	8.82%
IKT	Inhibikase Therapeutics, Inc. Healthcare	Held	13,018,965	0	$21,871,861	−18.0%	5.19%
CPNG	Coupang, Inc. Consumer Cyclical	Added	1,012,091	+141,667	$19,108,278	−6.9%	4.54%
IOT	Samsara Inc. Technology	Added	560,287	+94,097	$17,755,495	+7.4%	4.22%
DASH	DoorDash, Inc. Consumer Cyclical	Added	111,231	+15,613	$16,701,334	−22.9%	3.97%
BIOA	BioAge Labs, Inc. Healthcare	Held	786,353	0	$13,753,313	+32.2%	3.27%
TXG	10x Genomics, Inc. Healthcare	Held	481,770	0	$10,227,977	+30.2%	2.43%
DDOG	Datadog, Inc. Technology	Held	85,793	0	$10,127,863	−13.2%	2.40%
ABOS	Acumen Pharmaceuticals, Inc. Healthcare	Added	3,720,105	+303,030	$8,779,447	+21.8%	2.08%
TOST	Toast, Inc. Technology	Held	301,647	0	$7,996,661	−25.3%	1.90%
TARS	Tarsus Pharmaceuticals, Inc. Healthcare	Held	85,000	0	$5,962,750	−14.3%	1.42%
TTAN	ServiceTitan, Inc. Technology	Held	89,856	0	$5,702,261	−40.4%	1.35%
MNDY	monday.com Ltd. Technology	Held	67,868	0	$4,690,357	−53.2%	1.11%
TSHA	Taysha Gene Therapies, Inc. Healthcare	Held	724,873	0	$3,240,182	−18.7%	0.77%
SNOW	Snowflake Inc. Technology	Held	20,253	0	$3,054,557	−31.2%	0.73%
ACRV	Acrivon Therapeutics, Inc. Healthcare	Held	2,122,605	0	$2,950,420	−42.3%	0.70%
CADL	Candel Therapeutics, Inc. Healthcare	Held	405,837	0	$1,988,601	−13.3%	0.47%
FIG	Figma, Inc. Technology	Held	18,286	0	$386,566	−43.4%	0.09%