Sands Capital

Name: Sands Capital 13F holdings, Q2 2026
Creator: Sands Capital

13F Holdings · CIK 1020066 · filed 2026-08-13

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AI Summary

New Positions

18% of current holdings

Exited

13% of prior holdings

Increased

21% of prior holdings

Decreased

64% of prior holdings

Total holdings: 67 → 71

Show unchanged positions

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1 split-adjusted79 positions

					Shares				Value ($)

New	Long	ADVANCED MICRO DEVICES INC	007903107	COM	—	672,555	+672,555	—	—	$390.7M	+$390.7M	—
New	Long	ARM HOLDINGS PLC	042068205	SPONSORED ADS	—	642,829	+642,829	—	—	$227.9M	+$227.9M	—
New	Long	BBB FOODS INC	G0896C103	CL A COM	—	6,281	+6,281	—	—	$261.7K	+$261.7K	—
New	Long	CEREBRAS SYSTEMS INC	15675D103	COM CL A	—	11,419	+11,419	—	—	$2.5M	+$2.5M	—
New	Long	CROWDSTRIKE HLDGS INC	22788C105	CL A	—	10,020	+10,020	—	—	$7.6M	+$7.6M	—
New	Long	INTEL CORP	458140100	COM	—	39,132	+39,132	—	—	$5.5M	+$5.5M	—
New	Long	ISHARES TR	464287614	RUS 1000 GRW ETF	—	22,200	+22,200	—	—	$2.8M	+$2.8M	—
New	Long	MICRON TECHNOLOGY INC	595112103	COM	—	526,810	+526,810	—	—	$608.1M	+$608.1M	—
New	Long	SANDISK CORP	80004C200	COM	—	153,093	+153,093	—	—	$348.1M	+$348.1M	—
New	Long	SPACE EXPLORATION TECHN CORP	84615Q103	CLASS A COM STK	—	2,276,744	+2,276,744	—	—	$389.0M	+$389.0M	—
New	Long	SPHERE ENTERTAINMENT CO	55826T102	CL A	—	1,358,321	+1,358,321	—	—	$235.0M	+$235.0M	—
New	Long	TTM TECHNOLOGIES INC	87305R109	COM	—	23,625	+23,625	—	—	$4.4M	+$4.4M	—
New	Long	WOODWARD INC	980745103	COM	—	153,660	+153,660	—	—	$65.4M	+$65.4M	—
Exited	Long	ARISTA NETWORKS INC	040413205	COM SHS	2,698	—	−2,698	−100.0%	$331.3K	—	−$331.3K	−100.0%
Exited	Long	ATLASSIAN CORPORATION	049468101	CL A	14,281	—	−14,281	−100.0%	$974.7K	—	−$974.7K	−100.0%
Exited	Long	BOSTON SCIENTIFIC CORP	101137107	COM	736,109	—	−736,109	−100.0%	$46.2M	—	−$46.2M	−100.0%
Exited	Long	FIGMA INC	316841105	CLASS A COM STK	187,577	—	−187,577	−100.0%	$4.0M	—	−$4.0M	−100.0%
Exited	Long	FLUTTER ENTMT PLC	G3643J108	SHS	1,988,830	—	−1,988,830	−100.0%	$202.8M	—	−$202.8M	−100.0%
Exited	Long	ROBLOX CORP	771049103	CL A	2,726,701	—	−2,726,701	−100.0%	$154.2M	—	−$154.2M	−100.0%
Exited	Long	SERVICENOW INC	81762P102	COM	31,521	—	−31,521	−100.0%	$3.3M	—	−$3.3M	−100.0%
Exited	Long	SNOWFLAKE INC	833445109	COM SHS	4,178	—	−4,178	−100.0%	$630.1K	—	−$630.1K	−100.0%
Exited	Long	TETRA TECH INC NEW	88162G103	COM	6,658,823	—	−6,658,823	−100.0%	$200.6M	—	−$200.6M	−100.0%
Increased	Long	AEROVIRONMENT INC	008073108	COM	1,342	18,993	+17,651	+1315.3%	$245.7K	$3.1M	+$2.9M	+1176.3%
Increased	Long	APPLE INC	037833100	COM	3,219	45,598	+42,379	+1316.5%	$817.0K	$13.2M	+$12.4M	+1515.1%
Increased	Long	BLOCK INC	852234103	CL A	5,510,835	5,632,505	+121,670	+2.2%	$331.6M	$428.1M	+$96.4M	+29.1%
Increased	Long	BLOOM ENERGY CORP	093712107	COM CL A	1,779,038	2,926,558	+1,147,520	+64.5%	$241.0M	$885.9M	+$644.8M	+267.5%
Increased	Long	ELI LILLY & CO	532457108	COM	32,887	45,332	+12,445	+37.8%	$30.2M	$54.4M	+$24.1M	+79.8%
Increased	Long	GRAB HOLDINGS LIMITED	G4124C109	CLASS A ORD	9,122,432	16,385,578	+7,263,146	+79.6%	$33.4M	$61.8M	+$28.4M	+85.0%
Increased	Long	LAM RESEARCH CORP	512807306	COM NEW	755,222	1,133,965	+378,743	+50.1%	$161.4M	$491.4M	+$330.0M	+204.5%
Increased	Long	LINDE PLC	G54950103	SHS	54,593	54,778	+185	+0.3%	$27.1M	$28.4M	+$1.4M	+5.0%
Increased	Long	LUMENTUM HLDGS INC	55024U109	COM	312	2,961	+2,649	+849.0%	$219.3K	$2.5M	+$2.3M	+1058.8%
Increased	Long	ON HLDG AG	H5919C104	NAMEN AKT A	6,325,547	7,485,043	+1,159,496	+18.3%	$215.2M	$265.1M	+$49.9M	+23.2%
Increased	Long	QUANTA SVCS INC	74762E102	COM	626,348	750,479	+124,131	+19.8%	$343.9M	$540.4M	+$196.5M	+57.1%
Increased	Long	ROBINHOOD MKTS INC	770700102	COM CL A	3,746	53,032	+49,286	+1315.7%	$259.6K	$5.3M	+$5.1M	+1948.6%
Increased	Long	SEAGATE TECHNOLOGY HLDNGS PL	G7997R103	ORD SHS	531,892	720,741	+188,849	+35.5%	$208.4M	$695.5M	+$487.1M	+233.8%
Increased	Long	STEVANATO GROUP S P A	T9224W109	ORD SHS	497,310	524,481	+27,171	+5.5%	$6.8M	$9.5M	+$2.6M	+38.6%
Decreased	Long	ALIBABA GROUP HLDG LTD	01609W102	SPONSORED ADS	7,793	6,950	−843	−10.8%	$977.7K	$667.1K	−$310.6K	−31.8%
Decreased	Long	ALPHABET INC	02079K305	CAP STK CL A	5,124,494	4,893,397	−231,097	−4.5%	$1.47B	$1.75B	+$275.2M	+18.7%
Decreased	Long	AMAZON COM INC	023135106	COM	6,719,055	4,861,223	−1,857,832	−27.7%	$1.40B	$1.16B	−$240.8M	−17.2%
Decreased	Long	AMPHENOL CORP	032095101	CL A	805,602	763,951	−41,651	−5.2%	$101.8M	$134.7M	+$32.9M	+32.3%
Decreased	Long	APPLOVIN CORP	03831W108	COM CL A	971,561	831,697	−139,864	−14.4%	$386.7M	$428.5M	+$41.8M	+10.8%
Decreased	Long	ARGENX SE	04016X101	SPONSORED ADR	340,285	298,599	−41,686	−12.3%	$248.5M	$277.0M	+$28.5M	+11.5%
Decreased	Long	ASML HLDG NV	N07059210	N Y REGISTRY SHS	639,833	533,693	−106,140	−16.6%	$845.1M	$1.06B	+$216.6M	+25.6%
Decreased	Long	AXON ENTERPRISE INC	05464C101	COM	1,564,504	1,480,817	−83,687	−5.3%	$664.4M	$830.2M	+$165.7M	+24.9%
Decreased	Long	BROADCOM INC	11135F101	COM	1,402,835	1,126,912	−275,923	−19.7%	$434.2M	$425.7M	−$8.5M	−2.0%
Decreased	Long	BUILDERS FIRSTSOURCE INC	12008R107	COM	2,621,085	2,283,236	−337,849	−12.9%	$215.8M	$204.3M	−$11.5M	−5.3%
Decreased	Long	CARLISLE COS INC	142339100	COM	919,614	799,872	−119,742	−13.0%	$306.8M	$290.2M	−$16.6M	−5.4%
Decreased	Long	CARPENTER TECHNOLOGY CORP	144285103	COM	823,277	786,150	−37,127	−4.5%	$324.5M	$484.9M	+$160.4M	+49.4%
Decreased	Long	CARVANA CO5-for-1 split	146869102	CL A	10,586,240	8,462,945	−2,123,295	−20.1%	$665.6M	$557.0M	−$108.6M	−16.3%
Decreased	Long	CLOUDFLARE INC	18915M107	CL A COM	3,661,749	3,239,504	−422,245	−11.5%	$755.6M	$794.6M	+$39.0M	+5.2%
Decreased	Long	COUPANG INC	22266T109	CL A	9,172,187	7,559,132	−1,613,055	−17.6%	$173.2M	$131.3M	−$41.9M	−24.2%
Decreased	Long	DATADOG INC	23804L103	CL A COM	1,406,366	999,799	−406,567	−28.9%	$166.0M	$260.3M	+$94.3M	+56.8%
Decreased	Long	DOORDASH INC	25809K105	CL A	3,957,060	2,325,795	−1,631,265	−41.2%	$594.2M	$429.2M	−$165.0M	−27.8%
Decreased	Long	FERRARI N V	N3167Y103	COM	287,709	280,101	−7,608	−2.6%	$97.4M	$104.3M	+$6.9M	+7.1%
Decreased	Long	FULL TRUCK ALLIANCE CO LTD	35969L108	SPONSORED ADS	4,970,779	4,294,886	−675,893	−13.6%	$41.3M	$34.9M	−$6.4M	−15.5%
Decreased	Long	HDFC BANK LTD	40415F101	SPONSORED ADS	907,652	865,858	−41,794	−4.6%	$22.6M	$22.4M	−$217.3K	−1.0%
Decreased	Long	INTERCONTINENTAL EXCHANGE IN	45866F104	COM	4,384,298	4,055,771	−328,527	−7.5%	$689.6M	$499.3M	−$190.3M	−27.6%
Decreased	Long	INTUITIVE SURGICAL INC	46120E602	COM NEW	1,321,274	1,252,424	−68,850	−5.2%	$609.1M	$498.1M	−$111.0M	−18.2%
Decreased	Long	KASPI KZ JSC	48581R205	SPONSORED ADS	1,586,334	1,531,017	−55,317	−3.5%	$117.5M	$132.6M	+$15.1M	+12.9%
Decreased	Long	KLAVIYO INC	49845K101	COM SER A	595,160	198,806	−396,354	−66.6%	$11.6M	$3.0M	−$8.6M	−74.1%
Decreased	Long	LIBERTY MEDIA CORP DEL	531229755	COM LBTY ONE S C	1,559,760	1,509,193	−50,567	−3.2%	$132.6M	$143.6M	+$11.0M	+8.3%
Decreased	Long	MCKESSON CORP	58155Q103	COM	201,283	183,535	−17,748	−8.8%	$174.2M	$138.7M	−$35.5M	−20.4%
Decreased	Long	MERCADOLIBRE INC	58733R102	COM	475,455	378,208	−97,247	−20.5%	$822.1M	$642.0M	−$180.1M	−21.9%
Decreased	Long	META PLATFORMS INC	30303M102	CL A	1,279,121	969,879	−309,242	−24.2%	$731.8M	$546.3M	−$185.5M	−25.3%
Decreased	Long	MICROSOFT CORP	594918104	COM	1,530,124	1,309,230	−220,894	−14.4%	$566.4M	$488.4M	−$78.0M	−13.8%
Decreased	Long	NETFLIX INC.	64110L106	COM	9,414,668	5,336,614	−4,078,054	−43.3%	$905.2M	$381.0M	−$524.2M	−57.9%
Decreased	Long	NU HLDGS LTD	G6683N103	ORD SHS CL A	34,342,221	12,475,806	−21,866,415	−63.7%	$493.5M	$166.7M	−$326.8M	−66.2%
Decreased	Long	NVIDIA CORPORATION	67066G104	COM	18,085,742	14,059,454	−4,026,288	−22.3%	$3.15B	$2.81B	−$341.0M	−10.8%
Decreased	Long	PALANTIR TECHNOLOGIES INC	69608A108	CL A	22,919	17,944	−4,975	−21.7%	$3.4M	$2.1M	−$1.3M	−37.6%
Decreased	Long	PALO ALTO NETWORKS INC	697435105	COM	161,078	31,312	−129,766	−80.6%	$25.8M	$10.7M	−$15.1M	−58.7%
Decreased	Long	SAMSARA INC	79589L106	COM CL A	15,657,744	11,348,732	−4,309,012	−27.5%	$496.2M	$368.0M	−$128.2M	−25.8%
Decreased	Long	SEA LTD	81141R100	SPONSORD ADS	4,728,550	2,998,337	−1,730,213	−36.6%	$391.6M	$287.3M	−$104.2M	−26.6%
Decreased	Long	SHOPIFY INC	82509L107	CL A SUB VTG SHS	8,935,666	7,242,079	−1,693,587	−19.0%	$1.06B	$826.9M	−$233.0M	−22.0%
Decreased	Long	SPOTIFY TECHNOLOGY S A	L8681T102	SHS	1,794,226	1,761,206	−33,020	−1.8%	$870.0M	$808.6M	−$61.4M	−7.1%
Decreased	Long	TAIWAN SEMICONDUCTOR MANUFAC	874039100	SPONSORED ADS	5,862,685	3,925,440	−1,937,245	−33.0%	$1.98B	$1.87B	−$106.6M	−5.4%
Decreased	Long	TRANSDIGM GROUP INC	893641100	COM	94,341	89,669	−4,672	−5.0%	$109.3M	$119.4M	+$10.1M	+9.2%
Decreased	Long	ULTRAGENYX PHARMACEUTICAL IN	90400D108	COM	3,214,533	3,158,368	−56,165	−1.7%	$67.3M	$105.5M	+$38.1M	+56.6%
Decreased	Long	VISA INC	92826C839	COM CL A	2,770,431	2,377,099	−393,332	−14.2%	$837.3M	$815.6M	−$21.8M	−2.6%
Decreased	Long	WASTE CONNECTIONS INC	94106B101	COM	634,903	609,721	−25,182	−4.0%	$103.1M	$101.6M	−$1.5M	−1.5%