Growth

Sands Capital Management

Sands Capital Management’s reported long US-listed equity holdings as of Q1 2026, from their Form 13F filing with the SEC.

13F value

$25.49B

reported long US equity

Positions

US-listed holdings

New this quarter

8 exited

Reporting period

Q1 2026

vs Q4 2025

Holdings

#	Holding	Value	% of 13F	Shares	Change
1	NVDANVIDIA CORPORATION	$3.15B	12.4%	18.1M	Reduced
2	TAIWAN SEMICONDUCTOR MANUFAC	$1.98B	7.8%	5.9M	Reduced
3	ALPHABET INC	$1.47B	5.8%	5.1M	Added
4	AMZNAMAZON COM INC	$1.40B	5.5%	6.7M	Reduced
5	SHOPSHOPIFY INC	$1.06B	4.2%	8.9M	Reduced
6	NFLXNETFLIX INC.	$905.2M	3.6%	9.4M	Reduced
7	SPOTIFY TECHNOLOGY S A	$870.0M	3.4%	1.8M	Added
8	ASML HLDG NV	$845.1M	3.3%	639.8K	Reduced
9	VVISA INC	$837.3M	3.3%	2.8M	Reduced
10	MELIMERCADOLIBRE INC	$822.1M	3.2%	475.5K	Reduced
11	NETCLOUDFLARE INC	$755.6M	3.0%	3.7M	Reduced
12	METAMETA PLATFORMS INC	$731.8M	2.9%	1.3M	Added
13	ICEINTERCONTINENTAL EXCHANGE IN	$689.6M	2.7%	4.4M	Reduced
14	CVNACARVANA CO	$665.6M	2.6%	2.1M	Reduced
15	AXONAXON ENTERPRISE INC	$664.4M	2.6%	1.6M	Reduced
16	ISRGINTUITIVE SURGICAL INC	$609.1M	2.4%	1.3M	Reduced
17	DASHDOORDASH INC	$594.2M	2.3%	4.0M	Reduced
18	MSFTMICROSOFT CORP	$566.4M	2.2%	1.5M	Reduced
19	IOTSAMSARA INC	$496.2M	1.9%	15.7M	Reduced
20	NU HLDGS LTD	$493.5M	1.9%	34.3M	Reduced
21	AVGOBROADCOM INC	$434.2M	1.7%	1.4M	Reduced
22	SESEA LTD	$391.6M	1.5%	4.7M	Reduced
23	APPAPPLOVIN CORP	$386.7M	1.5%	971.6K	Reduced
24	PWRQUANTA SVCS INC	$343.9M	1.3%	626.3K	Added
25	XYZBLOCK INC	$331.6M	1.3%	5.5M	Reduced
26	CRSCARPENTER TECHNOLOGY CORP	$324.5M	1.3%	823.3K	Added
27	CSLCARLISLE COS INC	$306.8M	1.2%	919.6K	Reduced
28	ARGENX SE	$248.5M	1.0%	340.3K	Reduced
29	BEBLOOM ENERGY CORP	$241.0M	0.9%	1.8M	New
30	BLDRBUILDERS FIRSTSOURCE INC	$215.8M	0.8%	2.6M	Reduced
31	ON HLDG AG	$215.2M	0.8%	6.3M	Reduced
32	SEAGATE TECHNOLOGY HLDNGS PL	$208.4M	0.8%	531.9K	New
33	FLUTTER ENTMT PLC	$202.8M	0.8%	2.0M	Reduced
34	TTEKTETRA TECH INC NEW	$200.6M	0.8%	6.7M	Reduced
35	MCKMCKESSON CORP	$174.2M	0.7%	201.3K	Added
36	CPNGCOUPANG INC	$173.2M	0.7%	9.2M	Reduced
37	DDOGDATADOG INC	$166.0M	0.7%	1.4M	Reduced
38	LRCXLAM RESEARCH CORP	$161.4M	0.6%	755.2K	New
39	RBLXROBLOX CORP	$154.2M	0.6%	2.7M	Reduced
40	FWONKLIBERTY MEDIA CORP DEL	$132.6M	0.5%	1.6M	Reduced
41	KASPI KZ JSC	$117.5M	0.5%	1.6M	Reduced
42	TDGTRANSDIGM GROUP INC	$109.3M	0.4%	94.3K	Reduced
43	WCNWASTE CONNECTIONS INC	$103.1M	0.4%	634.9K	Reduced
44	APHAMPHENOL CORP	$101.8M	0.4%	805.6K	Reduced
45	FERRARI N V	$97.4M	0.4%	287.7K	Reduced
46	RAREULTRAGENYX PHARMACEUTICAL IN	$67.3M	0.3%	3.2M	Reduced
47	BSXBOSTON SCIENTIFIC CORP	$46.2M	0.2%	736.1K	Reduced
48	YMMFULL TRUCK ALLIANCE CO LTD	$41.3M	0.2%	5.0M	Reduced
49	GRAB HOLDINGS LIMITED	$33.4M	0.1%	9.1M	Reduced
50	LLYELI LILLY & CO	$30.2M	0.1%	32.9K	New
51	LINDE PLC	$27.1M	0.1%	54.6K	Reduced
52	PANWPALO ALTO NETWORKS INC	$25.8M	0.1%	161.1K	Reduced
53	HDBHDFC BANK LTD	$22.6M	0.1%	907.7K	Reduced
54	KVYOKLAVIYO INC	$11.6M	0.0%	595.2K	Reduced
55	STEVANATO GROUP S P A	$6.8M	0.0%	497.3K	Added
56	FIGFIGMA INC	$4.0M	0.0%	187.6K	Reduced
57	PLTRPALANTIR TECHNOLOGIES INC	$3.4M	0.0%	22.9K	Added
58	NOWSERVICENOW INC	$3.3M	0.0%	31.5K	Reduced
59	GTLBGITLAB INC	$2.8M	0.0%	127.5K	—
60	BABAALIBABA GROUP HLDG LTD	$977,710	0.0%	7.8K	Added
61	TEAMATLASSIAN CORPORATION	$974,678	0.0%	14.3K	Reduced
62	AAPLAPPLE INC	$816,950	0.0%	3.2K	New
63	SNOWSNOWFLAKE INC	$630,126	0.0%	4.2K	Reduced
64	ANETARISTA NETWORKS INC	$331,260	0.0%	2.7K	New
65	HOODROBINHOOD MKTS INC	$259,598	0.0%	3.7K	New
66	AVAVAEROVIRONMENT INC	$245,653	0.0%	1.3K	New
67	LITELUMENTUM HLDGS INC	$219,261	0.0%	312	New

Sold out (Q1 2026)

IRTC, ROP, SAP SE, CDNS, AJG, GLOBANT S A, DUOL, ISHARES TR

From Sands Capital Management’s Form 13F filing with the SEC, which can be up to 45 days after quarter-end. Covers long US-listed securities only: it excludes short positions, options detail, cash, bonds, and non-US holdings, so it is not the manager’s complete portfolio, and share counts and values are as of Q1 2026, not today. Not investment advice.