Fund HoldingsSANDS CAPITAL MANAGEMENT, LLC

Total Portfolio Value
$32.88B
Total Bought
$4.24B
Total Sold
$4.97B
Net Transaction
-$731.19M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SHOPIFY INC(SHOP)6,937,2719,506,036+2,568,7651,030,9481,530,1874.65%+499,239
CARVANA CO(CVNA)1,691,5152,442,534+751,019638,1071,030,7983.14%+392,691
ALPHABET INC(GOOG)4,771,0974,939,049+167,9521,159,8541,545,9224.70%+386,069
ARGENX SE(ARGX)16,625356,870+340,24512,262300,1100.91%+287,848
APPLOVIN CORP(APP)1,016,9591,463,351+446,392730,726986,0353.00%+255,309
QUANTA SVCS INC0576,896+576,8960243,4850.74%+243,485
ASML HOLDING N V
N Y REGISTRY SHS
529,164669,985+140,821512,278716,7902.18%+204,512
CARPENTER TECHNOLOGY CORP(CRS)0621,684+621,6840195,7310.60%+195,731
INTUITIVE SURGICAL INC1,341,1091,376,958+35,849599,784779,8542.37%+180,070
BOSTON SCIENTIFIC CORP(BSX)0805,164+805,164076,7720.23%+76,772
BROADCOM INC(AVGO)2,060,6242,114,521+53,897679,820731,8362.23%+52,015
CARLISLE COS INC(CSL)849,501967,640+118,139279,452309,5090.94%+30,057
ON HLDG AG(ONON)6,769,4306,635,050-134,380286,685308,3970.94%+21,712
MCKESSON CORP(MCK)157,146174,268+17,122121,402142,9500.43%+21,549
AMPHENOL CORP NEW795,234879,004+83,77098,410118,7890.36%+20,378
KASPI KZ JSC(KSPI)1,644,2401,948,761+304,521134,302152,2570.46%+17,955
TRANSDIGM GROUP INC(TDG)93,296103,179+9,883122,966137,2130.42%+14,247
HDFC BANK LTD(HDB)6,190,7886,117,362-73,426211,477223,5280.68%+12,051
ISHARES TR08,215+8,21503,8880.01%+3,888
PALANTIR TECHNOLOGIES INC(PLTR)019,840+19,84003,5270.01%+3,527
GLOBANT S A
COM
848,262770,560-77,70248,67350,3720.15%+1,698
ALIBABA GROUP HLDG LTD(BABA)07,511+7,51101,1010.00%+1,101
SNOWFLAKE INC(SNOW)11,96011,96002,6982,6240.01%-74
KLAVIYO INC(KVYO)1,105,559928,755-176,80430,61330,1570.09%-456
GITLAB INC(GTLB)127,475127,47505,7474,7840.01%-962
STEVANATO GROUP S P A
ORD SHS
464,931493,006+28,07511,9729,9190.03%-2,053
TETRA TECH INC NEW(TTEK)7,179,0327,007,004-172,028239,636235,0150.71%-4,621
FIGMA INC(FIG)226,752189,782-36,97011,7627,0920.02%-4,669
LIBERTY MEDIA CORP DEL(FWONA)2,014,6272,082,513+67,886210,428205,1480.62%-5,279
FERRARI N V
COM
251,698309,983+58,285122,129114,5570.35%-7,572
DUOLINGO INC(DUOL)47,67239,975-7,69715,3437,0160.02%-8,327
PALO ALTO NETWORKS INC(PANW)194,619162,963-31,65639,62830,0180.09%-9,611
BUILDERS FIRSTSOURCE INC(BLDR)2,430,9022,757,969+327,067294,747283,7670.86%-10,979
LINDE PLC(LIN)84,36759,214-25,15340,07425,2480.08%-14,826
GRAB HOLDINGS LIMITED
CLASS A ORD
12,490,98511,244,055-1,246,93075,19656,1080.17%-19,088
SAP SE(SAP)440,270394,117-46,153117,64595,7350.29%-21,910
FULL TRUCK ALLIANCE CO LTD(YMM)6,766,8556,123,768-643,08787,76665,7080.20%-22,058
MONDAY COM LTD
SHS
116,2130-116,21322,5090-22,509
ULTRAGENYX PHARMACEUTICAL IN(RARE)3,769,8533,485,724-284,129113,39780,1720.24%-33,226
CADENCE DESIGN SYSTEM INC(CDNS)331,887252,008-79,879116,57978,7730.24%-37,806
WASTE CONNECTIONS INC(WCN)1,183,194965,880-217,314208,006169,3770.52%-38,629
ROPER TECHNOLOGIES INC(ROP)351,775287,318-64,457175,427127,8940.39%-47,533
DATADOG INC(DDOG)1,894,6801,513,800-380,880269,802205,8620.63%-63,941
INTERCONTINENTAL EXCHANGE IN(ICE)5,677,2665,502,896-174,370956,506891,2492.71%-65,257
NU HLDGS LTD(NU)50,562,16244,423,895-6,138,267809,500743,6562.26%-65,844
DOORDASH INC(DASH)4,023,2914,496,607+473,3161,094,2951,018,3923.10%-75,903
CLOUDFLARE INC(NET)3,808,3193,731,287-77,032817,227735,6232.24%-81,604
IRHYTHM TECHNOLOGIES INC(IRTC)2,236,1101,699,645-536,465384,589301,5850.92%-83,004
SAMSARA INC(IOT)20,518,33219,123,318-1,395,014764,308677,9222.06%-86,386
FLUTTER ENTMT PLC(FLUT)2,126,3062,087,048-39,258540,082448,7991.37%-91,283
VENTURE GLOBAL INC(VG)7,484,0700-7,484,070106,1990-106,199
COUPANG INC(CPNG)11,024,17710,319,665-704,512354,978243,4410.74%-111,538
AXON ENTERPRISE INC(AXON)1,442,3411,609,436+167,0951,035,082914,0472.78%-121,035
AMAZON COM INC(AMZN)8,413,9997,440,012-973,9871,847,4621,717,3045.22%-130,158
NVIDIA CORPORATION(NVDA)20,828,82720,043,571-785,2563,886,2433,738,12611.37%-148,117
MERCADOLIBRE INC(MELI)509,845509,645-2001,191,4771,026,5583.12%-164,920
SEA LTD(SE)4,883,1675,501,013+617,846872,768701,7642.13%-171,004
META PLATFORMS INC(META)1,388,0641,254,871-133,1931,019,366828,3282.52%-191,039
ROBLOX CORP(RBLX)3,476,4883,183,399-293,089481,563257,9510.78%-223,612
SPOTIFY TECHNOLOGY S A(SPOT)1,547,6401,469,848-77,7921,080,253853,5552.60%-226,697
ORACLE CORP(ORCL)936,0430-936,043263,2530-263,253
GALLAGHER ARTHUR J & CO(AJG)1,094,070244,255-849,815338,87763,2110.19%-275,666
MICROSOFT CORP(MSFT)2,865,6382,470,769-394,8691,484,2571,194,9133.63%-289,344
VISA INC(V)4,027,0333,090,129-936,9041,374,7491,083,7393.30%-291,009
DEXCOM INC(DXCM)4,934,1890-4,934,189332,0220-332,022
ATLASSIAN CORPORATION2,641,730136,534-2,505,196421,88422,1380.07%-399,747
NETFLIX INC(NFLX)1,120,65810,023,088+8,902,4301,343,579939,7652.86%-403,815
BLOCK INC(XYZ)11,603,0575,929,883-5,673,174838,553385,9761.17%-452,577
TAIWAN SEMICONDUCTOR MFG LTD(TSM)9,251,8896,826,175-2,425,7142,583,9602,074,4066.31%-509,554
SERVICENOW INC(NOW)1,246,2773,842,914+2,596,6371,146,924588,6961.79%-558,228
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