13F Filings/SANDS CAPITAL MANAGEMENT, LLC

SANDS CAPITAL MANAGEMENT, LLC

Institutional ManagerCIK0001020066LocationARLINGTON, VA 22209, United States

Long U.S. equity positions disclosed to the SEC on Form 13F-HR.

Latest filingQ1 2026Quarter ended31 Mar 2026Filed8 May 2026
Firm profile · Form ADV
SEC adviser registration
CRD
137610 · 801-64820
Portfolio Turnover
10%
Of book traded, QoQ
Positions
67
Long U.S. equities
Top 10 Concentration
52%
Of reported value
QoQ Change
$-7.4B
Value change
Assets under management
Form ADV RAUM · client mix · 13F over time
Regulatory AUM
$45.0B
Form ADV, as of Nov 2024
100% discretionary ($45.0B)
By client type
Pooled investment vehicles: $15.7B (34.9%) · 43 clients
Pooled investment vehicles
$15.7B · 35%
Investment companies: $9.5B (21.2%) · 8 clients
Investment companies
$9.5B · 21%
State/municipal govt entities: $5.2B (11.6%) · 18 clients
State/municipal govt entities
$5.2B · 12%
Pension & profit-sharing plans: $4.8B (10.8%) · 43 clients
Pension & profit-sharing plans
$4.8B · 11%
Charitable organizations: $3.4B (7.6%) · 47 clients
Charitable organizations
$3.4B · 8%
Other: $2.4B (5.3%) · 10 clientsSovereign wealth funds: $1.9B (4.2%) · 5 clientsCorporations: $1.3B (2.8%) · 61 clientsHigh-net-worth individuals: $502M (1.1%) · 43 clientsIndividuals (non-HNW): $114M (0.3%) · 74 clientsBanking/thrift institutions: $57M (0.1%)Insurance companies: $46M (0.1%)
13F AUM over time
$25.5B
Q1 ’26 · 13F AUM
14%
52 quarters
Sector Breakdown
Latest filing
Information Technology36.7% · $9.4B
Communication Services14.9% · $3.8B
Consumer Discretionary14.3% · $3.7B
Unclassified11.8% · $3.0B
Industrials9.9% · $2.5B
Financials6.5% · $1.7B
Health Care4.6% · $1.2B
Other1.3% · $324.5M
Reported Holdings
Q1 2026 · sign up free for past quarters
★ Position spotlightNVDANVIDIA CORPORATION · 12.4% of book
🔒
See how this position changed across every quarter
Multi-quarter 13F position history — shares held, buys & sells, and price over time — is a Pro feature. The latest snapshot below stays free.
SecuritySharesMarket ValueEst. CostLast PxEst. Return% PortfolioΔ SharesAction
NVIDIA CORPORATION
NVDA· Information Technology
18.09MSH$3.2B~$174.40$192.5310.4%12.4% 9.8%Reduced
TAIWAN SEMICONDUCTOR MANUFAC
TSM· Information Technology
5.86MSH$2.0B~$337.95$432.3527.9%7.8% 14.1%Reduced
ALPHABET INC
GOOGL· Communication Services
5.12MSH$1.5B~$287.56$337.3917.3%5.8% 3.8%Added
AMAZON COM INC
AMZN· Consumer Discretionary
6.72MSH$1.4B~$208.27$232.6911.7%5.5% 9.7%Reduced
SHOPIFY INC
SHOP· Information Technology
8.94MSH$1.1B~$118.62$116.861.5%4.2% 6.0%Reduced
NETFLIX INC.
NFLX· Communication Services
9.41MSH$905.2M~$96.15$73.8123.2%3.6% 6.1%Reduced
SPOTIFY TECHNOLOGY S A
1.79MSH$870.0M~$484.913.4% 22.1%Added
ASML HLDG NV
640KSH$845.1M~$1320.833.3% 4.5%Reduced
VISA INC
V· Financials
2.77MSH$837.3M~$302.24$336.2311.2%3.3% 10.3%Reduced
MERCADOLIBRE INC
MELI· Consumer Discretionary
475KSH$822.1M~$1729.02$1675.103.1%3.2% 6.7%Reduced
CLOUDFLARE INC
NET· Information Technology
3.66MSH$755.6M~$206.34$237.2415.0%3.0% 1.9%Reduced
META PLATFORMS INC
META· Communication Services
1.28MSH$731.8M~$572.13$550.253.8%2.9% 1.9%Added
INTERCONTINENTAL EXCHANGE IN
ICE· Financials
4.38MSH$689.6M~$157.28$123.8621.2%2.7% 20.3%Reduced
CARVANA CO
CVNA· Consumer Discretionary
2.12MSH$665.6M~$314.38$62.3580.2%2.6% 13.3%Reduced
AXON ENTERPRISE INC
AXON· Industrials
1.56MSH$664.4M~$424.69$464.839.5%2.6% 2.8%Reduced
INTUITIVE SURGICAL INC
ISRG· Health Care
1.32MSH$609.1M~$460.99$404.7012.2%2.4% 4.0%Reduced
DOORDASH INC
DASH· Consumer Discretionary
3.96MSH$594.2M~$150.15$183.0921.9%2.3% 12.0%Reduced
MICROSOFT CORP
MSFT· Information Technology
1.53MSH$566.4M~$370.17$372.970.8%2.2% 38.1%Reduced
SAMSARA INC
IOT· Information Technology
15.66MSH$496.2M~$31.69$31.141.7%1.9% 18.1%Reduced
NU HLDGS LTD
34.34MSH$493.5M~$14.371.9% 22.7%Reduced
NVDANVIDIA CORPORATIONReduced
$3.2B· 12.4%· 18.09M SH· 9.8%· cost $174.40· last $192.53· 10.4%
Information Technology · COM · SOLE
TSMTAIWAN SEMICONDUCTOR MANUFACReduced
$2.0B· 7.8%· 5.86M SH· 14.1%· cost $337.95· last $432.35· 27.9%
Information Technology · SPONSORED ADS · SOLE
GOOGLALPHABET INCAdded
$1.5B· 5.8%· 5.12M SH· 3.8%· cost $287.56· last $337.39· 17.3%
Communication Services · CAP STK CL A · SOLE
AMZNAMAZON COM INCReduced
$1.4B· 5.5%· 6.72M SH· 9.7%· cost $208.27· last $232.69· 11.7%
Consumer Discretionary · COM · SOLE
SHOPSHOPIFY INCReduced
$1.1B· 4.2%· 8.94M SH· 6.0%· cost $118.62· last $116.86· 1.5%
Information Technology · CL A SUB VTG SHS · SOLE
NFLXNETFLIX INC.Reduced
$905.2M· 3.6%· 9.41M SH· 6.1%· cost $96.15· last $73.81· 23.2%
Communication Services · COM · SOLE
SPOTIFY TECHNOLOGY S AAdded
$870.0M· 3.4%· 1.79M SH· 22.1%· cost $484.91
SHS · SOLE
ASML HLDG NVReduced
$845.1M· 3.3%· 640K SH· 4.5%· cost $1320.83
N Y REGISTRY SHS · SOLE
VVISA INCReduced
$837.3M· 3.3%· 2.77M SH· 10.3%· cost $302.24· last $336.23· 11.2%
Financials · COM CL A · SOLE
MELIMERCADOLIBRE INCReduced
$822.1M· 3.2%· 475K SH· 6.7%· cost $1729.02· last $1675.10· 3.1%
Consumer Discretionary · COM · SOLE
NETCLOUDFLARE INCReduced
$755.6M· 3.0%· 3.66M SH· 1.9%· cost $206.34· last $237.24· 15.0%
Information Technology · CL A COM · SOLE
METAMETA PLATFORMS INCAdded
$731.8M· 2.9%· 1.28M SH· 1.9%· cost $572.13· last $550.25· 3.8%
Communication Services · CL A · SOLE
ICEINTERCONTINENTAL EXCHANGE INReduced
$689.6M· 2.7%· 4.38M SH· 20.3%· cost $157.28· last $123.86· 21.2%
Financials · COM · SOLE
CVNACARVANA COReduced
$665.6M· 2.6%· 2.12M SH· 13.3%· cost $314.38· last $62.35· 80.2%
Consumer Discretionary · CL A · SOLE
AXONAXON ENTERPRISE INCReduced
$664.4M· 2.6%· 1.56M SH· 2.8%· cost $424.69· last $464.83· 9.5%
Industrials · COM · SOLE
ISRGINTUITIVE SURGICAL INCReduced
$609.1M· 2.4%· 1.32M SH· 4.0%· cost $460.99· last $404.70· 12.2%
Health Care · COM NEW · SOLE
DASHDOORDASH INCReduced
$594.2M· 2.3%· 3.96M SH· 12.0%· cost $150.15· last $183.09· 21.9%
Consumer Discretionary · CL A · SOLE
MSFTMICROSOFT CORPReduced
$566.4M· 2.2%· 1.53M SH· 38.1%· cost $370.17· last $372.97· 0.8%
Information Technology · COM · SOLE
IOTSAMSARA INCReduced
$496.2M· 1.9%· 15.66M SH· 18.1%· cost $31.69· last $31.14· 1.7%
Information Technology · COM CL A · SOLE
NU HLDGS LTDReduced
$493.5M· 1.9%· 34.34M SH· 22.7%· cost $14.37
ORD SHS CL A · SOLE
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