Fund Holdings — SANDS CAPITAL MANAGEMENT, LLC

Total Portfolio Value:
$26.93B
Total Bought:
$4.28B
Total Sold:
$4.89B
Net Transaction:
-$614.18M
Notable People:
Frank Melville Sands, Thomas Perry Williams
Securities
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SharesValue
Q1 2026
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Q2 2026
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Change
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Q1 2026
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Q2 2026
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Weight (%)
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Change
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NVIDIA Corporation(NVDA)18,085,74214,059,454-4,026,288$3.15B$2.81B10.45%-$341.00M
Taiwan Semiconductor Manufacturing Company LimitedADS(TSM)5,862,6853,925,440-1,937,245$1.98B$1.87B6.96%-$106.62M
Alphabet Inc.CL A(GOOG)5,124,4944,893,397-231,097$1.47B$1.75B6.49%+$275.15M
Amazon.com, Inc.(AMZN)6,719,0554,861,223-1,857,832$1.40B$1.16B4.30%-$240.75M
Asml Hldg NvN Y REGISTRY SHS
N Y REGISTRY SHS
639,833533,693-106,140$845.11M$1.06B3.94%+$216.64M
Bloom Energy CorpCL A1,779,0382,926,558+1,147,520$241.04M$885.87M3.29%+$644.83M
Axon Enterprise, Inc.(AXON)1,564,5041,480,817-83,687$664.43M$830.16M3.08%+$165.73M
Shopify Inc.CL A(SHOP)8,935,6667,242,079-1,693,587$1.06B$826.90M3.07%-$233.05M
Visa Inc.CL A(V)2,770,4312,377,099-393,332$837.34M$815.56M3.03%-$21.78M
Spotify Technology S.A.SHS(SPOT)1,794,2261,761,206-33,020$870.04M$808.62M3.00%-$61.42M
Cloudflare, Inc.CL A(NET)3,661,7493,239,504-422,245$755.57M$794.59M2.95%+$39.02M
Seagate Technology Hldngs Pl
ORD SHS
531,892720,741+188,849$208.37M$695.52M2.58%+$487.14M
MercadoLibre, Inc.(MELI)475,455378,208-97,247$822.07M$641.97M2.38%-$180.10M
Micron Technology, Inc.(MU)0526,810+526,810$0$608.09M2.26%+$608.09M
Carvana Co.CL A(CVNA)2,117,2488,462,945+6,345,697$665.62M$557.03M2.07%-$108.59M
Meta Platforms, Inc.CL A(META)1,279,121969,879-309,242$731.82M$546.32M2.03%-$185.50M
Quanta Svcs Inc626,348750,479+124,131$343.88M$540.37M2.01%+$196.50M
Intercontinental Exchange, Inc.(ICE)4,384,2984,055,771-328,527$689.56M$499.31M1.85%-$190.26M
Intuitive Surgical, Inc.(ISRG)1,321,2741,252,424-68,850$609.09M$498.06M1.85%-$111.03M
Lam Research Corporation(LRCX)755,2221,133,965+378,743$161.36M$491.38M1.82%+$330.02M
Microsoft Corporation(MSFT)1,530,1241,309,230-220,894$566.41M$488.37M1.81%-$78.04M
Carpenter Technology Corporation(CRS)823,277786,150-37,127$324.49M$484.93M1.80%+$160.43M
DoorDash, Inc.CL A(DASH)3,957,0602,325,795-1,631,265$594.15M$429.18M1.59%-$164.97M
AppLovin CorporationCL A(APP)971,561831,697-139,864$386.68M$428.52M1.59%+$41.83M
Block, Inc.CL A(XYZ)5,510,8355,632,505+121,670$331.64M$428.07M1.59%+$96.43M
Broadcom Inc.(AVGO)1,402,8351,126,912-275,923$434.19M$425.69M1.58%-$8.50M
Advanced Micro Devices, Inc.(AMD)0672,555+672,555$0$390.69M1.45%+$390.69M
Space Exploration Techn CorpCL A02,276,744+2,276,744$0$389.00M1.44%+$389.00M
Netflix, Inc.(NFLX)9,414,6685,336,614-4,078,054$905.22M$381.03M1.42%-$524.19M
Samsara Inc.CL A(IOT)15,657,74411,348,732-4,309,012$496.19M$368.04M1.37%-$128.15M
Sandisk Corporation(SNDK)0153,093+153,093$0$348.09M1.29%+$348.09M
Carlisle Companies Incorporated(CSL)919,614799,872-119,742$306.80M$290.15M1.08%-$16.65M
Sea LimitedADS(SE)4,728,5502,998,337-1,730,213$391.57M$287.33M1.07%-$104.24M
argenx SEADR(ARGX)340,285298,599-41,686$248.49M$277.03M1.03%+$28.54M
On Holding AGNAMEN AKT A(ONON)6,325,5477,485,043+1,159,496$215.20M$265.12M0.98%+$49.93M
Datadog, Inc.CL A(DDOG)1,406,366999,799-406,567$166.02M$260.31M0.97%+$94.29M
Sphere Entertainment Co.CL A(SPHR)01,358,321+1,358,321$0$235.03M0.87%+$235.03M
Arm Holdings PlcADS0642,829+642,829$0$227.93M0.85%+$227.93M
Builders FirstSource, Inc.(BLDR)2,621,0852,283,236-337,849$215.79M$204.30M0.76%-$11.49M
Nu Holdings Ltd.CL A(NU)34,342,22112,475,806-21,866,415$493.50M$166.68M0.62%-$326.82M
Formula One GroupCOM LBTY ONE S C(FWONA)1,559,7601,509,193-50,567$132.61M$143.58M0.53%+$10.97M
McKesson Corporation(MCK)201,283183,535-17,748$174.18M$138.68M0.51%-$35.50M
Amphenol CorpCL A805,602763,951-41,651$101.79M$134.70M0.50%+$32.91M
Joint Stock Company Kaspi.kzADS(KSPI)1,586,3341,531,017-55,317$117.50M$132.65M0.49%+$15.15M
Coupang, Inc.CL A(CPNG)9,172,1877,559,132-1,613,055$173.17M$131.30M0.49%-$41.87M
TransDigm Group Incorporated(TDG)94,34189,669-4,672$109.34M$119.44M0.44%+$10.11M
Ultragenyx Pharmaceutical Inc.(RARE)3,214,5333,158,368-56,165$67.34M$105.46M0.39%+$38.11M
Ferrari N V
COM
287,709280,101-7,608$97.38M$104.28M0.39%+$6.90M
Waste Connections, Inc.(WCN)634,903609,721-25,182$103.13M$101.63M0.38%-$1.50M
Woodward, Inc.(WWD)0153,660+153,660$0$65.37M0.24%+$65.37M
Grab Holdings LimitedCL A
CLASS A ORD
9,122,43216,385,578+7,263,146$33.39M$61.77M0.23%+$28.39M
Eli Lilly and Company(LLY)32,88745,332+12,445$30.25M$54.37M0.20%+$24.12M
Full Truck Alliance Co. Ltd.ADS(YMM)4,970,7794,294,886-675,893$41.26M$34.87M0.13%-$6.38M
Linde plcSHS(LIN)54,59354,778+185$27.07M$28.43M0.11%+$1.36M
HDFC Bank LimitedADS(HDB)907,652865,858-41,794$22.58M$22.37M0.08%-$217.3K
Apple Inc.(AAPL)3,21945,598+42,379$817.0K$13.19M0.05%+$12.38M
Palo Alto Networks, Inc.(PANW)161,07831,312-129,766$25.82M$10.68M0.04%-$15.15M
Stevanato Group S P A
ORD SHS
497,310524,481+27,171$6.84M$9.48M0.04%+$2.64M
CrowdStrike Holdings, Inc.CL A(CRWD)010,020+10,020$0$7.65M0.03%+$7.65M
Intel Corporation(INTC)039,132+39,132$0$5.46M0.02%+$5.46M
Robinhood Markets, Inc.CL A(HOOD)3,74653,032+49,286$259.6K$5.32M0.02%+$5.06M
TTM Technologies, Inc.(TTMI)023,625+23,625$0$4.42M0.02%+$4.42M
GitLab Inc.CL A(GTLB)127,475127,4750$2.76M$3.89M0.01%+$1.13M
Aerovironment Inc1,34218,993+17,651$245.7K$3.14M0.01%+$2.89M
Klaviyo, Inc.COM SER A(KVYO)595,160198,806-396,354$11.58M$3.00M0.01%-$8.58M
Ishares TrRussell 1000 Growth ETF022,200+22,200$0$2.76M0.01%+$2.76M
Lumentum Holdings Inc.(LITE)3122,961+2,649$219.3K$2.54M0.01%+$2.32M
Cerebras Systems IncCL A011,419+11,419$0$2.52M0.01%+$2.52M
Palantir Technologies Inc.CL A(PLTR)22,91917,944-4,975$3.35M$2.09M0.01%-$1.26M
Alibaba Group Holding LimitedADS(BABA)7,7936,950-843$977.7K$667.1K0.00%-$310.6K
BBB Foods Inc.CL A(TBBB)06,281+6,281$0$261.7K0.00%+$261.7K
Arista Networks, Inc.(ANET)2,6980-2,698$331.3K$0—-$331.3K
Atlassian CorporationCL A14,2810-14,281$974.7K$0—-$974.7K
Boston Scientific Corporation(BSX)736,1090-736,109$46.19M$0—-$46.19M
Figma, Inc.CL A(FIG)187,5770-187,577$3.97M$0—-$3.97M
Flutter Entertainment plcSHS(FLUT)1,988,8300-1,988,830$202.76M$0—-$202.76M
Roblox CorporationCL A(RBLX)2,726,7010-2,726,701$154.22M$0—-$154.22M
ServiceNow, Inc.(NOW)31,5210-31,521$3.30M$0—-$3.30M
Snowflake Inc.(SNOW)4,1780-4,178$630.1K$0—-$630.1K
Tetra Tech, Inc.(TTEK)6,658,8230-6,658,823$200.56M$0—-$200.56M
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