SANDS CAPITAL MANAGEMENT, LLC — 13F Holdings & Portfolio
CIK 1020066 · latest 13F-HR filed 2026-05-08
SANDS CAPITAL MANAGEMENT, LLC manages $25.49B in 13F-reported U.S. long-equity assets across 67 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are NVDA (12.38%), TSM (7.77%), GOOGL (5.78%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 9 new positions, exited 8, added to 5, and trimmed 46.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$25.49B
Long-equity book
67
Distinct positions
2026-03-31
Filed 2026-05-08
+9 / −8 / ↑5 / ↓46
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CARPENTER TECHNOLOGY CORP$128.8M +65.8%
- ASML HLDG NV$128.3M +17.9%
- QUANTA SVCS INC$100.4M +41.2%
- MCKESSON CORP$31.2M +21.8%
- LINDE PLC$1.8M +7.2%
Top Trims
- MICROSOFT CORP-$628.5M -52.6%
- APPLOVIN CORP-$599.4M -60.8%
- SERVICENOW INC-$585.4M -99.4%
- NVIDIA CORPORATION-$584.0M -15.6%
- SHOPIFY INC-$470.2M -30.7%
New Positions
- BLOOM ENERGY CORP$241.0M
- SEAGATE TECHNOLOGY HLDNGS PL$208.4M
- LAM RESEARCH CORP$161.4M
- ELI LILLY & CO$30.2M
- APPLE INC$817.0K
Exited Positions
- IRHYTHM TECHNOLOGIES INC$301.6M
- ROPER TECHNOLOGIES INC$127.9M
- SAP SE$95.7M
- CADENCE DESIGN SYSTEM INC$78.8M
- GALLAGHER ARTHUR J & CO$63.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $3.15B | 12.38% | 18,085,742 | SH |
| 2 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $1.98B | 7.77% | 5,862,685 | SH |
| 3 | ALPHABET INC | GOOGL | 02079K305 | $1.47B | 5.78% | 5,124,494 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $1.40B | 5.49% | 6,719,055 | SH |
| 5 | SHOPIFY INC | SHOP | 82509L107 | $1.06B | 4.16% | 8,935,666 | SH |
| 6 | NETFLIX INC. | NFLX | 64110L106 | $905.2M | 3.55% | 9,414,668 | SH |
| 7 | SPOTIFY TECHNOLOGY S A | SPOT | L8681T102 | $870.0M | 3.41% | 1,794,226 | SH |
| 8 | ASML HLDG NV | ASML | N07059210 | $845.1M | 3.32% | 639,833 | SH |
| 9 | VISA INC | V | 92826C839 | $837.3M | 3.29% | 2,770,431 | SH |
| 10 | MERCADOLIBRE INC | MELI | 58733R102 | $822.1M | 3.23% | 475,455 | SH |
| 11 | CLOUDFLARE INC | NET | 18915M107 | $755.6M | 2.96% | 3,661,749 | SH |
| 12 | META PLATFORMS INC | META | 30303M102 | $731.8M | 2.87% | 1,279,121 | SH |
| 13 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $689.6M | 2.71% | 4,384,298 | SH |
| 14 | CARVANA CO | CVNA | 146869102 | $665.6M | 2.61% | 2,117,248 | SH |
| 15 | AXON ENTERPRISE INC | AXON | 05464C101 | $664.4M | 2.61% | 1,564,504 | SH |
| 16 | INTUITIVE SURGICAL INC | ISRG | 46120E602 | $609.1M | 2.39% | 1,321,274 | SH |
| 17 | DOORDASH INC | DASH | 25809K105 | $594.2M | 2.33% | 3,957,060 | SH |
| 18 | MICROSOFT CORP | MSFT | 594918104 | $566.4M | 2.22% | 1,530,124 | SH |
| 19 | SAMSARA INC | IOT | 79589L106 | $496.2M | 1.95% | 15,657,744 | SH |
| 20 | NU HLDGS LTD | NU | G6683N103 | $493.5M | 1.94% | 34,342,221 | SH |
| 21 | BROADCOM INC | AVGO | 11135F101 | $434.2M | 1.70% | 1,402,835 | SH |
| 22 | SEA LTD | SE | 81141R100 | $391.6M | 1.54% | 4,728,550 | SH |
| 23 | APPLOVIN CORP | APP | 03831W108 | $386.7M | 1.52% | 971,561 | SH |
| 24 | QUANTA SVCS INC | PWR | 74762E102 | $343.9M | 1.35% | 626,348 | SH |
| 25 | BLOCK INC | XYZ | 852234103 | $331.6M | 1.30% | 5,510,835 | SH |
| 26 | CARPENTER TECHNOLOGY CORP | CRS | 144285103 | $324.5M | 1.27% | 823,277 | SH |
| 27 | CARLISLE COS INC | CSL | 142339100 | $306.8M | 1.20% | 919,614 | SH |
| 28 | ARGENX SE | ARGX | 04016X101 | $248.5M | 0.97% | 340,285 | SH |
| 29 | BLOOM ENERGY CORP | BE | 093712107 | $241.0M | 0.95% | 1,779,038 | SH |
| 30 | BUILDERS FIRSTSOURCE INC | BLDR | 12008R107 | $215.8M | 0.85% | 2,621,085 | SH |
| 31 | ON HLDG AG | ONON | H5919C104 | $215.2M | 0.84% | 6,325,547 | SH |
| 32 | SEAGATE TECHNOLOGY HLDNGS PL | STX | G7997R103 | $208.4M | 0.82% | 531,892 | SH |
| 33 | FLUTTER ENTMT PLC | FLUT | G3643J108 | $202.8M | 0.80% | 1,988,830 | SH |
| 34 | TETRA TECH INC NEW | TTEK | 88162G103 | $200.6M | 0.79% | 6,658,823 | SH |
| 35 | MCKESSON CORP | MCK | 58155Q103 | $174.2M | 0.68% | 201,283 | SH |
| 36 | COUPANG INC | CPNG | 22266T109 | $173.2M | 0.68% | 9,172,187 | SH |
| 37 | DATADOG INC | DDOG | 23804L103 | $166.0M | 0.65% | 1,406,366 | SH |
| 38 | LAM RESEARCH CORP | LRCX | 512807306 | $161.4M | 0.63% | 755,222 | SH |
| 39 | ROBLOX CORP | RBLX | 771049103 | $154.2M | 0.61% | 2,726,701 | SH |
| 40 | LIBERTY MEDIA CORP DEL | FWONK | 531229755 | $132.6M | 0.52% | 1,559,760 | SH |
| 41 | KASPI KZ JSC | KSPI | 48581R205 | $117.5M | 0.46% | 1,586,334 | SH |
| 42 | TRANSDIGM GROUP INC | TDG | 893641100 | $109.3M | 0.43% | 94,341 | SH |
| 43 | WASTE CONNECTIONS INC | WCN | 94106B101 | $103.1M | 0.40% | 634,903 | SH |
| 44 | AMPHENOL CORP | APH | 032095101 | $101.8M | 0.40% | 805,602 | SH |
| 45 | FERRARI N V | RACE | N3167Y103 | $97.4M | 0.38% | 287,709 | SH |
| 46 | ULTRAGENYX PHARMACEUTICAL IN | RARE | 90400D108 | $67.3M | 0.26% | 3,214,533 | SH |
| 47 | BOSTON SCIENTIFIC CORP | BSX | 101137107 | $46.2M | 0.18% | 736,109 | SH |
| 48 | FULL TRUCK ALLIANCE CO LTD | YMM | 35969L108 | $41.3M | 0.16% | 4,970,779 | SH |
| 49 | GRAB HOLDINGS LIMITED | GRAB | G4124C109 | $33.4M | 0.13% | 9,122,432 | SH |
| 50 | ELI LILLY & CO | LLY | 532457108 | $30.2M | 0.12% | 32,887 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-08 | $25.49B | 67 | 0001020066-26-000015 |
| 2025-12-31 | 2026-02-13 | $32.88B | 66 | 0001020066-26-000005 |