Fund Holdings — SANDS CAPITAL MANAGEMENT, LLC

Total Portfolio Value
$36.25B
Total Bought
$3.64B
Total Sold
$3.63B
Net Transaction
+$6.73M
Filing Period:
Securities
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SharesValue ($K)
Q2 2025
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Q3 2025
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Change
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Q2 2025
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Q3 2025
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Weight (%)
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Change
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TAIWAN SEMICONDUCTOR MFG LTD(TSM)8,552,2789,251,889+699,6111,937,0052,583,9607.13%+646,955
ALPHABET INC(GOOG)3,085,8794,771,097+1,685,218543,8241,159,8543.20%+616,029
NVIDIA CORPORATION(NVDA)21,557,20820,828,827-728,3813,405,8233,886,24310.72%+480,419
APPLOVIN CORP(APP)817,3461,016,959+199,613286,136730,7262.02%+444,589
CARVANA CO(CVNA)901,2271,691,515+790,288303,677638,1071.76%+334,430
ORACLE CORP(ORCL)0936,043+936,0430263,2530.73%+263,253
INTUITIVE SURGICAL INC757,5701,341,109+583,539411,671599,7841.65%+188,113
BUILDERS FIRSTSOURCE INC(BLDR)1,016,7732,430,902+1,414,129118,647294,7470.81%+176,100
BROADCOM INC(AVGO)1,843,3272,060,624+217,297508,113679,8201.88%+171,707
SHOPIFY INC(SHOP)7,492,6156,937,271-555,344864,2731,030,9482.84%+166,675
BLOCK INC(XYZ)10,340,74011,603,057+1,262,317702,446838,5532.31%+136,106
CARLISLE COS INC(CSL)426,360849,501+423,141159,203279,4520.77%+120,249
ROBLOX CORP(RBLX)3,586,5433,476,488-110,055377,304481,5631.33%+104,259
ASML HOLDING N V
N Y REGISTRY SHS
530,562529,164-1,398425,187512,2781.41%+87,091
NU HLDGS LTD(NU)54,504,42850,562,162-3,942,266747,801809,5002.23%+61,699
META PLATFORMS INC(META)1,306,0411,388,064+82,023963,9761,019,3662.81%+55,391
TETRA TECH INC NEW(TTEK)5,200,3357,179,032+1,978,697187,004239,6360.66%+52,632
ON HLDG AG(ONON)4,614,3476,769,430+2,155,083240,177286,6850.79%+46,509
SPOTIFY TECHNOLOGY S A(SPOT)1,354,8031,547,640+192,8371,039,5951,080,2532.98%+40,658
SAP SE(SAP)289,386440,270+150,88488,002117,6450.32%+29,642
CADENCE DESIGN SYSTEM INC(CDNS)308,191331,887+23,69694,969116,5790.32%+21,610
DUOLINGO INC(DUOL)047,672+47,672015,3430.04%+15,343
MICROSOFT CORP(MSFT)2,954,7452,865,638-89,1071,469,7201,484,2574.09%+14,537
MCKESSON CORP(MCK)145,867157,146+11,279106,888121,4020.33%+14,513
ARGENX SE(ARGX)016,625+16,625012,2620.03%+12,262
FIGMA INC(FIG)0226,752+226,752011,7620.03%+11,762
LIBERTY MEDIA CORP DEL(FWONA)1,911,0332,014,627+103,594199,703210,4280.58%+10,725
PALO ALTO NETWORKS INC(PANW)154,863194,619+39,75631,69139,6280.11%+7,937
FULL TRUCK ALLIANCE CO LTD(YMM)6,926,5966,766,855-159,74181,80387,7660.24%+5,963
AMPHENOL CORP NEW940,121795,234-144,88792,83798,4100.27%+5,573
FERRARI N V
COM
243,717251,698+7,981119,602122,1290.34%+2,527
STEVANATO GROUP S P A
ORD SHS
464,635464,931+29611,35111,9720.03%+621
SNOWFLAKE INC(SNOW)11,96011,96002,6762,6980.01%+21
GITLAB INC(GTLB)127,475127,47505,7505,7470.02%-4
LINDE PLC(LIN)86,66284,367-2,29540,66040,0740.11%-586
WASTE CONNECTIONS INC(WCN)1,120,0821,183,194+63,112209,142208,0060.57%-1,136
SAMSARA INC(IOT)19,276,21020,518,332+1,242,122766,808764,3082.11%-2,500
COUPANG INC(CPNG)11,999,72111,024,177-975,544359,512354,9780.98%-4,533
KLAVIYO INC(KVYO)1,109,0691,105,559-3,51037,24330,6130.08%-6,630
KASPI KZ JSC(KSPI)1,682,0131,644,240-37,773142,786134,3020.37%-8,485
TRANSDIGM GROUP INC(TDG)86,90093,296+6,396132,144122,9660.34%-9,178
HDFC BANK LTD(HDB)2,883,3356,190,788+3,307,453221,065211,4770.58%-9,588
ROPER TECHNOLOGIES INC(ROP)327,846351,775+23,929185,836175,4270.48%-10,410
ICON PLC(ICLR)91,5500-91,55013,3160—-13,316
MONDAY COM LTD
SHS
116,591116,213-37836,66622,5090.06%-14,156
VENTURE GLOBAL INC(VG)7,854,5397,484,070-370,469122,374106,1990.29%-16,175
INTERCONTINENTAL EXCHANGE IN(ICE)5,313,0395,677,266+364,227974,783956,5062.64%-18,277
GRAB HOLDINGS LIMITED
CLASS A ORD
18,757,82412,490,985-6,266,83994,35275,1960.21%-19,156
GALLAGHER ARTHUR J & CO(AJG)1,121,2491,094,070-27,179358,934338,8770.93%-20,057
CROWDSTRIKE HLDGS INC(CRWD)45,0210-45,02122,9300—-22,930
ULTRAGENYX PHARMACEUTICAL IN(RARE)3,943,4853,769,853-173,632143,385113,3970.31%-29,988
OKTA INC(OKTA)300,5170-300,51730,0430—-30,043
GLOBANT S A
COM
869,376848,262-21,11478,97448,6730.13%-30,301
SEA LTD(SE)5,678,0054,883,167-794,838908,140872,7682.41%-35,372
VISA INC(V)4,030,1044,027,033-3,0711,430,8891,374,7493.79%-56,140
IRHYTHM TECHNOLOGIES INC(IRTC)2,915,5272,236,110-679,417448,875384,5891.06%-64,286
FLUTTER ENTMT PLC(FLUT)2,121,6372,126,306+4,669606,279540,0821.49%-66,197
DOORDASH INC(DASH)4,792,1814,023,291-768,8901,181,3211,094,2953.02%-87,026
CHARTER COMMUNICATIONS INC N(CHTR)242,4320-242,43299,1090—-99,109
DATADOG INC(DDOG)2,772,0151,894,680-877,335372,365269,8020.74%-102,562
ATLASSIAN CORPORATION2,588,7232,641,730+53,007525,744421,8841.16%-103,859
ALPHABET INC(GOOG)603,3850-603,385107,0340—-107,034
CLOUDFLARE INC(NET)4,928,8743,808,319-1,120,555965,221817,2272.25%-147,994
MERCADOLIBRE INC(MELI)513,532509,845-3,6871,342,1831,191,4773.29%-150,705
REPLIGEN CORP(RGEN)1,251,0880-1,251,088155,6100—-155,610
NETFLIX INC(NFLX)1,131,6791,120,658-11,0211,515,4651,343,5793.71%-171,886
AMAZON COM INC(AMZN)9,230,0238,413,999-816,0242,024,9751,847,4625.10%-177,513
AXON ENTERPRISE INC(AXON)1,611,2951,442,341-168,9541,334,0561,035,0822.86%-298,974
SERVICENOW INC(NOW)1,408,3331,246,277-162,0561,447,8791,146,9243.16%-300,955
DEXCOM INC(DXCM)9,947,9444,934,189-5,013,755868,356332,0220.92%-536,334
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SANDS CAPITAL MANAGEMENT, LLC — 13F Holdings — Q3 2025 | TickerTrail