SANDS CAPITAL MANAGEMENT, LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| TAIWAN SEMICONDUCTOR MFG LTD(TSM) | 8,552,278 | 9,251,889 | +699,611 | 1,937,005,444 | 2,583,960,079 | 7.13% | +646,954,635 |
| ALPHABET INC(GOOG) | 3,085,879 | 4,771,097 | +1,685,218 | 543,824,456 | 1,159,853,681 | 3.20% | +616,029,225 |
| NVIDIA CORPORATION(NVDA) | 21,557,208 | 20,828,827 | -728,381 | 3,405,823,292 | 3,886,242,542 | 10.72% | +480,419,250 |
| APPLOVIN CORP(APP) | 817,346 | 1,016,959 | +199,613 | 286,136,488 | 730,725,720 | 2.02% | +444,589,232 |
| CARVANA CO(CVNA) | 901,227 | 1,691,515 | +790,288 | 303,677,450 | 638,107,119 | 1.76% | +334,429,669 |
| ORACLE CORP(ORCL) | 0 | 936,043 | +936,043 | 0 | 263,252,733 | 0.73% | +263,252,733 |
| INTUITIVE SURGICAL INC | 757,570 | 1,341,109 | +583,539 | 411,671,114 | 599,784,178 | 1.65% | +188,113,064 |
| BUILDERS FIRSTSOURCE INC(BLDR) | 1,016,773 | 2,430,902 | +1,414,129 | 118,647,241 | 294,746,867 | 0.81% | +176,099,626 |
| BROADCOM INC(AVGO) | 1,843,327 | 2,060,624 | +217,297 | 508,113,088 | 679,820,464 | 1.88% | +171,707,376 |
| SHOPIFY INC(SHOP) | 7,492,615 | 6,937,271 | -555,344 | 864,273,140 | 1,030,947,843 | 2.84% | +166,674,703 |
| BLOCK INC(XYZ) | 10,340,740 | 11,603,057 | +1,262,317 | 702,446,468 | 838,552,929 | 2.31% | +136,106,461 |
| CARLISLE COS INC(CSL) | 426,360 | 849,501 | +423,141 | 159,202,824 | 279,451,849 | 0.77% | +120,249,025 |
| ROBLOX CORP(RBLX) | 3,586,543 | 3,476,488 | -110,055 | 377,304,324 | 481,563,118 | 1.33% | +104,258,794 |
| ASML HOLDING N V | 530,562 | 529,164 | -1,398 | 425,187,081 | 512,278,377 | 1.41% | +87,091,296 |
| NU HLDGS LTD(NU) | 54,504,428 | 50,562,162 | -3,942,266 | 747,800,752 | 809,500,214 | 2.23% | +61,699,462 |
| META PLATFORMS INC(META) | 1,306,041 | 1,388,064 | +82,023 | 963,975,802 | 1,019,366,440 | 2.81% | +55,390,638 |
| TETRA TECH INC NEW(TTEK) | 5,200,335 | 7,179,032 | +1,978,697 | 187,004,047 | 239,636,088 | 0.66% | +52,632,041 |
| ON HLDG AG(ONON) | 4,614,347 | 6,769,430 | +2,155,083 | 240,176,761 | 286,685,360 | 0.79% | +46,508,599 |
| SPOTIFY TECHNOLOGY S A(SPOT) | 1,354,803 | 1,547,640 | +192,837 | 1,039,594,534 | 1,080,252,720 | 2.98% | +40,658,186 |
| SAP SE(SAP) | 289,386 | 440,270 | +150,884 | 88,002,283 | 117,644,547 | 0.32% | +29,642,264 |
| CADENCE DESIGN SYSTEM INC(CDNS) | 308,191 | 331,887 | +23,696 | 94,969,057 | 116,578,628 | 0.32% | +21,609,571 |
| DUOLINGO INC(DUOL) | 0 | 47,672 | +47,672 | 0 | 15,342,756 | 0.04% | +15,342,756 |
| MICROSOFT CORP(MSFT) | 2,954,745 | 2,865,638 | -89,107 | 1,469,719,710 | 1,484,257,202 | 4.09% | +14,537,492 |
| MCKESSON CORP(MCK) | 145,867 | 157,146 | +11,279 | 106,888,420 | 121,401,571 | 0.33% | +14,513,151 |
| ARGENX SE(ARGX) | 0 | 16,625 | +16,625 | 0 | 12,261,935 | 0.03% | +12,261,935 |
| FIGMA INC(FIG) | 0 | 226,752 | +226,752 | 0 | 11,761,626 | 0.03% | +11,761,626 |
| LIBERTY MEDIA CORP DEL(FWONA) | 1,911,033 | 2,014,627 | +103,594 | 199,702,948 | 210,427,790 | 0.58% | +10,724,842 |
| PALO ALTO NETWORKS INC(PANW) | 154,863 | 194,619 | +39,756 | 31,691,164 | 39,628,321 | 0.11% | +7,937,157 |
| FULL TRUCK ALLIANCE CO LTD(YMM) | 6,926,596 | 6,766,855 | -159,741 | 81,803,099 | 87,766,109 | 0.24% | +5,963,010 |
| AMPHENOL CORP NEW | 940,121 | 795,234 | -144,887 | 92,836,949 | 98,410,207 | 0.27% | +5,573,258 |
| SNOWFLAKE INC(SNOW) | 0 | 11,960 | +11,960 | 0 | 2,697,578 | 0.01% | +2,697,578 |
| FERRARI N V | 243,717 | 251,698 | +7,981 | 119,601,681 | 122,128,904 | 0.34% | +2,527,223 |
| STEVANATO GROUP S P A | 464,635 | 464,931 | +296 | 11,351,033 | 11,971,973 | 0.03% | +620,940 |
| GITLAB INC(GTLB) | 127,475 | 127,475 | 0 | 5,750,397 | 5,746,573 | 0.02% | -3,824 |
| LINDE PLC(LIN) | 86,662 | 84,367 | -2,295 | 40,660,077 | 40,074,325 | 0.11% | -585,752 |
| WASTE CONNECTIONS INC(WCN) | 1,120,082 | 1,183,194 | +63,112 | 209,141,711 | 208,005,505 | 0.57% | -1,136,206 |
| SAMSARA INC(IOT) | 19,276,210 | 20,518,332 | +1,242,122 | 766,807,634 | 764,307,867 | 2.11% | -2,499,767 |
| SNOWFLAKE INC(SNOW) | 11,960 | 0 | -11,960 | 2,676,289 | 0 | — | -2,676,289 |
| COUPANG INC(CPNG) | 11,999,721 | 11,024,177 | -975,544 | 359,511,641 | 354,978,499 | 0.98% | -4,533,142 |
| KLAVIYO INC(KVYO) | 1,109,069 | 1,105,559 | -3,510 | 37,242,537 | 30,612,929 | 0.08% | -6,629,608 |
| KASPI KZ JSC(KSPI) | 1,682,013 | 1,644,240 | -37,773 | 142,786,084 | 134,301,523 | 0.37% | -8,484,561 |
| TRANSDIGM GROUP INC(TDG) | 86,900 | 93,296 | +6,396 | 132,143,616 | 122,965,994 | 0.34% | -9,177,622 |
| HDFC BANK LTD(HDB) | 2,883,335 | 6,190,788 | +3,307,453 | 221,065,294 | 211,477,318 | 0.58% | -9,587,976 |
| ROPER TECHNOLOGIES INC(ROP) | 327,846 | 351,775 | +23,929 | 185,836,227 | 175,426,675 | 0.48% | -10,409,552 |
| ICON PLC(ICLR) | 91,550 | 0 | -91,550 | 13,315,947 | 0 | — | -13,315,947 |
| MONDAY COM LTD | 116,591 | 116,213 | -378 | 36,665,538 | 22,509,296 | 0.06% | -14,156,242 |
| VENTURE GLOBAL INC(VG) | 7,854,539 | 7,484,070 | -370,469 | 122,373,718 | 106,198,953 | 0.29% | -16,174,765 |
| INTERCONTINENTAL EXCHANGE IN(ICE) | 5,313,039 | 5,677,266 | +364,227 | 974,783,265 | 956,505,776 | 2.64% | -18,277,489 |
| GRAB HOLDINGS LIMITED | 18,757,824 | 12,490,985 | -6,266,839 | 94,351,855 | 75,195,730 | 0.21% | -19,156,125 |
| GALLAGHER ARTHUR J & CO(AJG) | 1,121,249 | 1,094,070 | -27,179 | 358,934,230 | 338,877,242 | 0.93% | -20,056,988 |
| CROWDSTRIKE HLDGS INC(CRWD) | 45,021 | 0 | -45,021 | 22,929,646 | 0 | — | -22,929,646 |
| ULTRAGENYX PHARMACEUTICAL IN(RARE) | 3,943,485 | 3,769,853 | -173,632 | 143,385,115 | 113,397,178 | 0.31% | -29,987,937 |
| OKTA INC(OKTA) | 300,517 | 0 | -300,517 | 30,042,684 | 0 | — | -30,042,684 |
| GLOBANT S A | 869,376 | 848,262 | -21,114 | 78,974,116 | 48,673,274 | 0.13% | -30,300,842 |
| SEA LTD(SE) | 5,678,005 | 4,883,167 | -794,838 | 908,140,120 | 872,768,438 | 2.41% | -35,371,682 |
| VISA INC(V) | 4,030,104 | 4,027,033 | -3,071 | 1,430,888,566 | 1,374,748,661 | 3.79% | -56,139,905 |
| IRHYTHM TECHNOLOGIES INC(IRTC) | 2,915,527 | 2,236,110 | -679,417 | 448,874,537 | 384,588,559 | 1.06% | -64,285,978 |
| FLUTTER ENTMT PLC(FLUT) | 2,121,637 | 2,126,306 | +4,669 | 606,278,989 | 540,081,724 | 1.49% | -66,197,265 |
| DOORDASH INC(DASH) | 4,792,181 | 4,023,291 | -768,890 | 1,181,320,538 | 1,094,294,919 | 3.02% | -87,025,619 |
| CHARTER COMMUNICATIONS INC N(CHTR) | 242,432 | 0 | -242,432 | 99,108,626 | 0 | — | -99,108,626 |
| DATADOG INC(DDOG) | 2,772,015 | 1,894,680 | -877,335 | 372,364,775 | 269,802,432 | 0.74% | -102,562,343 |
| ATLASSIAN CORPORATION | 2,588,723 | 2,641,730 | +53,007 | 525,743,754 | 421,884,281 | 1.16% | -103,859,473 |
| ALPHABET INC(GOOG) | 603,385 | 0 | -603,385 | 107,034,465 | 0 | — | -107,034,465 |
| CLOUDFLARE INC(NET) | 4,928,874 | 3,808,319 | -1,120,555 | 965,221,395 | 817,227,174 | 2.25% | -147,994,221 |
| MERCADOLIBRE INC(MELI) | 513,532 | 509,845 | -3,687 | 1,342,182,641 | 1,191,477,174 | 3.29% | -150,705,467 |
| REPLIGEN CORP(RGEN) | 1,251,088 | 0 | -1,251,088 | 155,610,325 | 0 | — | -155,610,325 |
| NETFLIX INC(NFLX) | 1,131,679 | 1,120,658 | -11,021 | 1,515,465,299 | 1,343,579,289 | 3.71% | -171,886,010 |
| AMAZON COM INC(AMZN) | 9,230,023 | 8,413,999 | -816,024 | 2,024,974,746 | 1,847,461,760 | 5.10% | -177,512,986 |
| AXON ENTERPRISE INC(AXON) | 1,611,295 | 1,442,341 | -168,954 | 1,334,055,582 | 1,035,081,595 | 2.86% | -298,973,987 |
| SERVICENOW INC(NOW) | 1,408,333 | 1,246,277 | -162,056 | 1,447,878,991 | 1,146,923,798 | 3.16% | -300,955,193 |
| DEXCOM INC(DXCM) | 9,947,944 | 4,934,189 | -5,013,755 | 868,356,032 | 332,021,578 | 0.92% | -536,334,454 |