SANDS CAPITAL MANAGEMENT, LLC Institutional Manager CIK 0001020066 Location ARLINGTON, VA 22209, United States Long U.S. equity positions disclosed to the SEC on Form 13F-HR.
Latest filing Q2 2026 Quarter ended 30 Jun 2026 Filed 13 Aug 2026
Firm profile · Form ADV
SEC adviser registration Sands Capital Management, LLC is an independent investment management firm headquartered in Arlington, Virginia, that is registered as an investment adviser with the SEC and ultimately controlled by Frank M. Sands. Since 1992, the firm has provided investment advisory and management services—primarily on a discretionary basis, as well as model portfolio recommendations for non-discretionary clients—to a variety of taxable and tax-exempt institutional and individual clients. While the excerpt lists "Methods of Analysis, Investment Strategies, and Risk of Loss" in the table of contents, the provided text contains no details describing the firm's specific investment strategy.Summarised from the firm’s Form ADV Part 2A brochure.
Portfolio Turnover
17%
Of book traded, QoQ
Positions
71
Long U.S. equities
Top 10 Concentration
48%
Of reported value
QoQ Change
$1.4B
Value change
Assets under management
Form ADV RAUM · client mix · 13F over time Regulatory AUM
$44.3B
Form ADV, as of Mar 2026
● 100% discretionary ($44.3B)
By client type
Pooled investment vehicles: $17.1B (38.6%) · 40 clients Pooled investment vehicles
$17.1B · 39%
Investment companies: $8.4B (19.0%) · 10 clients Investment companies
$8.4B · 19%
State/municipal govt entities: $5.9B (13.2%) · 16 clients State/municipal govt entities
$5.9B · 13%
Pension & profit-sharing plans: $3.5B (8.0%) · 24 clients Pension & profit-sharing plans
$3.5B · 8%
Charitable organizations: $3.5B (7.9%) · 31 clients Charitable organizations
$3.5B · 8%
Other: $2.9B (6.6%) · 9 clients Sovereign wealth funds: $1.4B (3.1%) · 0 clients Sovereign wealth funds
$1.4B · 3%
Corporations: $845M (1.9%) · 47 clients High-net-worth individuals: $484M (1.1%) · 37 clients Individuals (non-HNW): $103M (0.2%) · 55 clients Banking/thrift institutions: $63M (0.1%) · 0 clients Insurance companies: $61M (0.1%) · 0 clients 71 All 13 New 15 Added 42 Reduced 1 Unchanged 9 Exited
★ Position spotlight NVDA NVIDIA CORPORATION · 10.4% of book This highlighted stock and its 1Y chart are public Loading position history…
Security⇅ Shares⇅ Market Value▼ Est. Cost⇅ Last Px⇅ Est. Return⇅ % Portfolio⇅ Δ Shares⇅ Action⇅ NVIDIA CORPORATION NVDA · Information Technology 14.06MSH $2.8B ~$200.09 $228.38 ▲14.1% 10.4% ▼ 22.3% Reduced TAIWAN SEMICONDUCTOR MANUFAC TSM · Information Technology 3.93MSH $1.9B ~$477.57 $456.19 ▼4.5% 7.0% ▼ 33.0% Reduced ALPHABET INC GOOGL · Communication Services 4.89MSH $1.7B ~$357.37 $344.08 ▼3.7% 6.5% ▼ 4.5% Reduced AMAZON COM INC AMZN · Consumer Discretionary 4.86MSH $1.2B ~$238.34 $249.15 ▲4.5% 4.3% ▼ 27.7% Reduced 534KSH $1.1B ~$1989.44 — — 3.9% ▼ 16.6% Reduced 2.93MSH $885.9M ~$302.70 $276.98 ▼8.5% 3.3% ▲ 64.5% Added 1.48MSH $830.2M ~$560.61 $422.52 ▼24.6% 3.1% ▼ 5.3% Reduced SHOPIFY INC SHOP · Information Technology 7.24MSH $826.9M ~$114.18 $148.30 ▲29.9% 3.1% ▼ 19.0% Reduced 2.38MSH $815.6M ~$343.09 $359.33 ▲4.7% 3.0% ▼ 14.2% Reduced 1.76MSH $808.6M ~$459.13 — — 3.0% ▼ 1.8% Reduced
NVDA NVIDIA CORPORATION Reduced $2.8B · 10.4% · 14.06M SH · ▼ 22.3% · cost $200.09 · last $228.38 · ▲14.1%
Information Technology · COM · SOLE
TSM TAIWAN SEMICONDUCTOR MANUFAC Reduced $1.9B · 7.0% · 3.93M SH · ▼ 33.0% · cost $477.57 · last $456.19 · ▼4.5%
Information Technology · SPONSORED ADS · SOLE
$1.7B · 6.5% · 4.89M SH · ▼ 4.5% · cost $357.37 · last $344.08 · ▼3.7%
Communication Services · CAP STK CL A · SOLE
AMZN AMAZON COM INC Reduced $1.2B · 4.3% · 4.86M SH · ▼ 27.7% · cost $238.34 · last $249.15 · ▲4.5%
Consumer Discretionary · COM · SOLE
ASML HLDG NV Reduced
$1.1B · 3.9% · 534K SH · ▼ 16.6% · cost $1989.44
N Y REGISTRY SHS · SOLE
$885.9M · 3.3% · 2.93M SH · ▲ 64.5% · cost $302.70 · last $276.98 · ▼8.5%
Industrials · COM CL A · SOLE
AXON AXON ENTERPRISE INC Reduced $830.2M · 3.1% · 1.48M SH · ▼ 5.3% · cost $560.61 · last $422.52 · ▼24.6%
Industrials · COM · SOLE
$826.9M · 3.1% · 7.24M SH · ▼ 19.0% · cost $114.18 · last $148.30 · ▲29.9%
Information Technology · CL A SUB VTG SHS · SOLE
$815.6M · 3.0% · 2.38M SH · ▼ 14.2% · cost $343.09 · last $359.33 · ▲4.7%
Financials · COM CL A · SOLE
SPOTIFY TECHNOLOGY S A Reduced
$808.6M · 3.0% · 1.76M SH · ▼ 1.8% · cost $459.13
SHS · SOLE
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Information Technology 39.2% · $10.6B
Unclassified 13.4% · $3.6B
Communication Services 12.4% · $3.3B
Consumer Discretionary 10.8% · $2.9B