Fund Holdings

SANDS CAPITAL MANAGEMENT, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
BLOOM ENERGY CORP01,779,038+1,779,0380241,041,8590.95%+241,041,859
SEAGATE TECHNOLOGY HLDNGS PL
ORD SHS
0531,892+531,8920208,374,0100.82%+208,374,010
LAM RESEARCH CORP(LRCX)0755,222+755,2220161,360,7330.63%+161,360,733
CARPENTER TECHNOLOGY CORP(CRS)621,684823,277+201,593195,730,991324,494,6301.27%+128,763,639
ASML HLDG NV
N Y REGISTRY SHS
669,985639,833-30,152716,790,152845,110,6213.32%+128,320,469
QUANTA SVCS INC576,896626,348+49,452243,484,726343,877,5791.35%+100,392,853
MCKESSON CORP(MCK)174,268201,283+27,015142,950,298174,182,2570.68%+31,231,959
ELI LILLY & CO(LLY)032,887+32,887030,248,4760.12%+30,248,476
CLOUDFLARE INC(NET)3,731,2873,661,749-69,538735,623,232755,565,2892.96%+19,942,057
SPOTIFY TECHNOLOGY S A(SPOT)1,469,8481,794,226+324,378853,555,432870,038,1303.41%+16,482,698
LINDE PLC(LIN)59,21454,593-4,62125,248,25727,065,0260.11%+1,816,769
APPLE INC(AAPL)03,219+3,2190816,9500.00%+816,950
ARISTA NETWORKS INC(ANET)02,698+2,6980331,2600.00%+331,260
ROBINHOOD MKTS INC(HOOD)03,746+3,7460259,5980.00%+259,598
AEROVIRONMENT INC01,342+1,3420245,6530.00%+245,653
LUMENTUM HLDGS INC(LITE)0312+3120219,2610.00%+219,261
ALIBABA GROUP HLDG LTD(BABA)7,5117,793+2821,100,962977,7100.00%-123,252
PALANTIR TECHNOLOGIES INC(PLTR)19,84022,919+3,0793,526,5603,352,5910.01%-173,969
SNOWFLAKE INC(SNOW)11,9604,178-7,7822,623,546630,1260.00%-1,993,420
GITLAB INC(GTLB)127,475127,47504,784,1372,758,5590.01%-2,025,578
CARLISLE COS INC(CSL)967,640919,614-48,026309,509,330306,801,6231.20%-2,707,707
STEVANATO GROUP S P A
ORD SHS
493,006497,310+4,3049,919,2816,838,0120.03%-3,081,269
FIGMA INC(FIG)189,782187,577-2,2057,092,1533,965,3780.02%-3,126,775
ISHARES TR8,2150-8,2153,888,1590-3,888,159
PALO ALTO NETWORKS INC(PANW)162,963161,078-1,88530,017,78525,824,0250.10%-4,193,760
DUOLINGO INC(DUOL)39,9750-39,9757,015,6120-7,015,612
ULTRAGENYX PHARMACEUTICAL IN(RARE)3,485,7243,214,533-271,19180,171,65267,344,4660.26%-12,827,186
AMPHENOL CORP879,004805,602-73,402118,788,601101,787,8130.40%-17,000,788
FERRARI N V
COM
309,983287,709-22,274114,557,31797,375,1110.38%-17,182,206
KLAVIYO INC(KVYO)928,755595,160-333,59530,156,67511,581,8140.05%-18,574,861
ATLASSIAN CORPORATION136,53414,281-122,25322,137,623974,6780.00%-21,162,945
GRAB HOLDINGS LIMITED
CLASS A ORD
11,244,0559,122,432-2,121,62356,107,83433,388,1010.13%-22,719,733
FULL TRUCK ALLIANCE CO LTD(YMM)6,123,7684,970,779-1,152,98965,708,03141,257,4660.16%-24,450,565
TRANSDIGM GROUP INC(TDG)103,17994,341-8,838137,212,593109,337,4450.43%-27,875,148
BOSTON SCIENTIFIC CORP(BSX)805,164736,109-69,05576,772,38746,190,8400.18%-30,581,547
TETRA TECH INC NEW(TTEK)7,007,0046,658,823-348,181235,014,914200,563,7490.79%-34,451,165
NETFLIX INC.(NFLX)10,023,0889,414,668-608,420939,764,731905,220,3283.55%-34,544,403
KASPI KZ JSC(KSPI)1,948,7611,586,334-362,427152,256,697117,499,7590.46%-34,756,938
DATADOG INC(DDOG)1,513,8001,406,366-107,434205,861,662166,021,5060.65%-39,840,156
GLOBANT S A
COM
770,5600-770,56050,371,5070-50,371,507
ARGENX SE(ARGX)356,870340,285-16,585300,109,826248,493,1210.97%-51,616,705
BLOCK INC(XYZ)5,929,8835,510,835-419,048385,976,084331,642,0501.30%-54,334,034
GALLAGHER ARTHUR J & CO(AJG)244,2550-244,25563,210,7510-63,210,751
WASTE CONNECTIONS INC(WCN)965,880634,903-330,977169,376,717103,133,6430.40%-66,243,074
BUILDERS FIRSTSOURCE INC(BLDR)2,757,9692,621,085-136,884283,767,430215,793,9280.85%-67,973,502
COUPANG INC(CPNG)10,319,6659,172,187-1,147,478243,440,897173,170,8910.68%-70,270,006
ALPHABET INC(GOOG)4,939,0495,124,494+185,4451,545,922,3371,473,599,4955.78%-72,322,842
LIBERTY MEDIA CORP DEL(FWONA)2,082,5131,559,760-522,753205,148,356132,610,7950.52%-72,537,561
CADENCE DESIGN SYSTEM INC(CDNS)252,0080-252,00878,772,6610-78,772,661
TAIWAN SEMICONDUCTOR MANUFAC(TSM)6,826,1755,862,685-963,4902,074,406,3211,981,294,3967.77%-93,111,925
ON HLDG AG(ONON)6,635,0506,325,547-309,503308,397,124215,195,1090.84%-93,202,015
SAP SE(SAP)394,1170-394,11795,734,9600-95,734,960
META PLATFORMS INC(META)1,254,8711,279,121+24,250828,327,798731,823,4982.87%-96,504,300
ROBLOX CORP(RBLX)3,183,3992,726,701-456,698257,950,821154,222,2090.61%-103,728,612
ROPER TECHNOLOGIES INC(ROP)287,3180-287,318127,893,8610-127,893,861
INTUITIVE SURGICAL INC1,376,9581,321,274-55,684779,853,933609,094,1012.39%-170,759,832
SAMSARA INC(IOT)19,123,31815,657,744-3,465,574677,921,623496,193,9071.95%-181,727,716
HDFC BANK LTD(HDB)6,117,362907,652-5,209,710223,528,40722,582,3820.09%-200,946,025
INTERCONTINENTAL EXCHANGE IN(ICE)5,502,8964,384,298-1,118,598891,249,036689,562,3892.71%-201,686,647
MERCADOLIBRE INC(MELI)509,645475,455-34,1901,026,557,538822,071,2043.23%-204,486,334
FLUTTER ENTMT PLC(FLUT)2,087,0481,988,830-98,218448,798,802202,761,2180.80%-246,037,584
VISA INC(V)3,090,1292,770,431-319,6981,083,739,280837,335,0653.29%-246,404,215
AXON ENTERPRISE INC(AXON)1,609,4361,564,504-44,932914,046,987664,429,2042.61%-249,617,783
NU HLDGS LTD(NU)44,423,89534,342,221-10,081,674743,656,002493,497,7161.94%-250,158,286
BROADCOM INC(AVGO)2,114,5211,402,835-711,686731,835,718434,191,4611.70%-297,644,257
IRHYTHM TECHNOLOGIES INC(IRTC)1,699,6450-1,699,645301,585,0090-301,585,009
SEA LTD(SE)5,501,0134,728,550-772,463701,764,228391,571,2251.54%-310,193,003
AMAZON COM INC(AMZN)7,440,0126,719,055-720,9571,717,303,5701,399,377,5855.49%-317,925,985
CARVANA CO(CVNA)2,442,5342,117,248-325,2861,030,798,199665,620,4262.61%-365,177,773
DOORDASH INC(DASH)4,496,6073,957,060-539,5471,018,391,553594,152,5592.33%-424,238,994
SHOPIFY INC(SHOP)9,506,0368,935,666-570,3701,530,186,6151,059,948,7014.16%-470,237,914
NVIDIA CORPORATION(NVDA)20,043,57118,085,742-1,957,8293,738,125,9913,154,153,40512.38%-583,972,586
SERVICENOW INC(NOW)3,842,91431,521-3,811,393588,695,9963,295,5210.01%-585,400,475
APPLOVIN CORP(APP)1,463,351971,561-491,790986,035,171386,681,2781.52%-599,353,893
MICROSOFT CORP(MSFT)2,470,7691,530,124-940,6451,194,913,304566,406,0012.22%-628,507,303
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