Sands Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sands Capital Management reported a $26.9 bn portfolio of 71 positions to the SEC as of the end of Q2 2026. Its largest positions are NVDA, TSM, GOOGL. During the quarter it opened Micron Technology and Advanced Micro Devices.
Sections with a free account
What changed this quarter
76 positions with a change (11 new, 13 added to, 43 trimmed, 9 sold); also, 2 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedSpace Exploration TechnologiesSPCX1.4% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Taiwan Semiconductor Manufacturing−33%fewer sharesReduced7.8% → 7.0%
- NVIDIA−22%fewer sharesReduced12.4% → 10.4%
- Micron Technology+2.3 ppof portfolioNew— → 2.3%
- Amazon.com−28%fewer sharesReduced5.5% → 4.3%
- Advanced Micro Devices+1.5 ppof portfolioNew— → 1.5%
- Sandisk+1.3 ppof portfolioNew— → 1.3%
- Bloom Energy+65%more sharesIncreased0.9% → 3.3%
- DoorDash−41%fewer sharesReduced2.3% → 1.6%
- Nu Holdings−64%fewer sharesReduced1.9% → 0.6%
- Netflix−43%fewer sharesReduced3.6% → 1.4%
- Sphere Entertainment+0.9 ppof portfolioNew— → 0.9%
- ARM Holdings+0.8 ppof portfolioNew— → 0.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- NVIDIANVDA10.4%
- Taiwan Semiconductor ManufacturingTSM7.0%
- AlphabetGOOGL6.5%
- Amazon.comAMZN4.3%
- ASML HoldingASML3.9%
- Bloom EnergyBE3.3%
- AXON EnterpriseAXON3.1%
- ShopifySHOP3.1%
- VisaV3.0%
- Spotify TechnologySPOT3.0%
- CloudflareNET3.0%
- Seagate Technology HoldingsSTX2.6%
- MercadoLibreMELI2.4%
- Micron TechnologyMU2.3%
- CarvanaCVNA2.1%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 46%
- ● Communication Services 14%
- ● Consumer Discretionary 13%
- ● Industrials 13%
- ● Financials 8%
- ● Health Care 4%
- ● Materials 2%
How its portfolio changed (8 quarters)
Q2 2026: 71
Q2 2026: 48%
Q2 2026: 16.9%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jul 28, 2026 (medium confidence).
The data, as reported: SANDS CAPITAL MANAGEMENT, LLC (CRD 137610): 7.B private funds: 2 other (gross assets $415M); 5.D assets by client type: pooled vehicles 39%, registered funds 19%, governments 13%, pension plans 8% (of $44.3 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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