1y return+0.3%S&P 500 +20.9%
3y return+66.6%S&P 500 +68.5%
5y return+7.9%S&P 500 +74.5%
10y return+287.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $388 against $357 in the S&P 500.2
Sands Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $2.8B | 10.4% | −22.3% |
| TSMTaiwan Semiconductor Manufac | $1.9B | 7.0% | −33.0% |
| GOOGLAlphabet Inc | $1.7B | 6.5% | −4.5% |
| AMZNAmazon Com Inc | $1.2B | 4.3% | −27.7% |
| Asml Hldg NvCUSIP N07059210 | $1.1B | 3.9% | −16.6% |
| BEBloom Energy Corp | $885.9M | 3.3% | +64.5% |
| AXONAxon Enterprise Inc | $830.2M | 3.1% | −5.3% |
| SHOPShopify Inc | $826.9M | 3.1% | −19.0% |
| VVisa Inc | $815.6M | 3.0% | −14.2% |
| Spotify Technology S ACUSIP L8681T102 | $808.6M | 3.0% | −1.8% |
| NETCloudflare Inc | $794.6M | 3.0% | −11.5% |
| Seagate Technology Hldngs PlCUSIP G7997R103 | $695.5M | 2.6% | +35.5% |
| MELIMercadolibre Inc | $642.0M | 2.4% | −20.5% |
| MUMicron Technology Inc | $608.1M | 2.3% | New |
| CVNACarvana Co | $557.0M | 2.1% | −20.1% |
| METAMeta Platforms Inc | $546.3M | 2.0% | −24.2% |
| PWRQuanta Svcs Inc | $540.4M | 2.0% | +19.8% |
| ICEIntercontinental Exchange In | $499.3M | 1.9% | −7.5% |
| ISRGIntuitive Surgical Inc | $498.1M | 1.8% | −5.2% |
| LRCXLam Research Corp | $491.4M | 1.8% | +50.1% |
| MSFTMicrosoft Corp | $488.4M | 1.8% | −14.4% |
| CRSCarpenter Technology Corp | $484.9M | 1.8% | −4.5% |
| DASHDoordash Inc | $429.2M | 1.6% | −41.2% |
| APPApplovin Corp | $428.5M | 1.6% | −14.4% |
| XYZBlock Inc | $428.1M | 1.6% | +2.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2022 | +1219.9% | $2.8B |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $1.9B |
| Asml Hldg NvCUSIP N07059210 | June 30, 2020 | +440.6% | $1.1B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $1.7B |
| NETCloudflare Inc | March 31, 2021 | +249.1% | $794.6M |
| DDOGDatadog Inc | June 30, 2022 | +173.4% | $260.3M |
| AXONAxon Enterprise Inc | March 31, 2023 | +149.3% | $830.2M |
| Seagate Technology Hldngs PlCUSIP G7997R103 | March 31, 2026 | +146.3% | $695.5M |
| AVGOBroadcom Inc | March 31, 2025 | +125.6% | $425.7M |
| BEBloom Energy Corp | March 31, 2026 | +123.4% | $885.9M |
Sold off last quarter
- Flutter Entmt PLCCUSIP G3643J108 was $202.8M
- TTEKTetra Tech Inc New was $200.6M
- RBLXRoblox Corp was $154.2M
- BSXBoston Scientific Corp was $46.2M
- FIGFigma Inc was $4.0M
- NOWServicenow Inc was $3.3M
- TEAMAtlassian Corporation was $975K
- SNOWSnowflake Inc was $630K
- ANETArista Networks Inc was $331K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +16.4% | +14.8% |
| March 31, 2026 | −13.2% | −4.6% |
| December 31, 2025 | −4.2% | +2.4% |
| September 30, 2025 | +3.7% | +7.8% |
| June 30, 2025 | +27.2% | +10.5% |
| March 31, 2025 | −6.8% | −4.6% |
| December 31, 2024 | +8.3% | +2.1% |
| September 30, 2024 | +0.3% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +14.8% | +10.0% |
| December 31, 2023 | +20.4% | +11.2% |
| September 30, 2023 | −7.1% | −3.6% |
| June 30, 2023 | +9.4% | +8.3% |
| March 31, 2023 | +19.9% | +7.0% |
| December 31, 2022 | +1.3% | +7.1% |
| September 30, 2022 | −3.5% | −5.3% |
| June 30, 2022 | −34.0% | −16.5% |
| March 31, 2022 | −21.1% | −4.9% |
| December 31, 2021 | −5.6% | +10.7% |
| September 30, 2021 | +2.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Sands Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1020066&type=13F-HR&dateb=&owner=include&count=40CIK 1020066
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1020066/000102006626000018/Filed August 13, 2026 · accession 0001020066-26-000018