Sands Capital Alternatives, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Sands Capital Alternatives, LLC maintained a portfolio of 21 distinct positions. The most significant new addition to the portfolio was SERVICETITAN INC, which now represents 1.85% of the total fund value. They heavily accumulated shares in KLAVIYO INC, increasing their position by 3.8%. Conversely, Sands Capital Alternatives, LLC completely exited their position in CROWDSTRIKE HLDGS IN.
PCA Score Concentration Risk
Risk ENB
Total Positions
21
Quarter
2025 Q4
Top Holding
KVYO (22.9%)
Top 10 Concentration
88.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-21 of 21
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
KVYO
KLAVIYO INC
Technology 22.86% 21.33% #1 1
Prev: #2
6.5 134,613 3.8%
P
S
3,649,678 $118,505,045 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 22.15% 25.17% #2 1
Prev: #1
6.0 -314,035 -4.4%
P
S
6,861,399 $114,859,819 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BBNX
BETA BIONICS IN...
Healthcare 20.98% 15.54% #3
Prev: #3
6.0 no change no change
P
S
3,570,113 $108,781,343 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IKT
INHIBIKASE THER...
Healthcare 5.15% 3.89% #4 3
Prev: #7
4.6 2,068,965 18.9%
P
S
13,018,965 $26,688,878 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DASH
DOORDASH INC
Consumer Cyclical 4.18% 5.37% #5
Prev: #5
4.2 5,476 6.1%
P
S
95,618 $21,655,565 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 3.96% 5.61% #6 2
Prev: #4
3.6 75,418 9.5%
P
S
870,424 $20,533,302 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IOT
SAMSARA INC
Technology 3.19% 4.89% #7 1
Prev: #6
1.3 -132,724 -22.2%
P
S
466,190 $16,526,436 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DDOG
DATADOG INC
Technology 2.25% 3.70% #8
Prev: #8
0.9 -32,914 -27.7%
P
S
85,793 $11,666,990 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TOST
TOAST INC
Technology 2.07% 1.25% #9 5
Prev: #14
3.8 145,043 92.6%
P
S
301,647 $10,711,485 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BIOA
BIOAGE LABS INC
Healthcare 2.01% 1.01% #10 6
Prev: #16
1.8 no change no change
P
S
786,353 $10,403,450 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MNDY
MONDAY COM LTD
Technology 1.93% 2.48% #11 2
Prev: #9
2.8 9,532 16.3%
P
S
67,868 $10,014,602 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TTAN
SERVICETITAN IN...
Technology 1.85% #12
Prev: #—
4.2 89,856 no change
NEW
89,856 $9,569,664 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TXG
10X GENOMICS IN...
Healthcare 1.52% 1.23% #13 2
Prev: #15
1.6 no change no change
P
S
481,770 $7,857,669 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABOS
ACUMEN PHARMACE...
Healthcare 1.39% 1.28% #14 1
Prev: #13
1.6 no change no change
P
S
3,417,075 $7,210,028 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TARS
TARSUS PHARMACE...
Healthcare 1.34% 2.21% #15 5
Prev: #10
0.5 -85,000 -50.0%
P
S
85,000 $6,959,800 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ACRV
ACRIVON THERAPE...
Healthcare 0.99% 0.84% #16 1
Prev: #17
1.4 no change no change
P
S
2,122,605 $5,115,478 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNOW
SNOWFLAKE INC
Technology 0.86% 1.33% #17 5
Prev: #12
0.3 -6,752 -25.0%
P
S
20,253 $4,442,698 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSHA
TAYSHA GENE THE...
Healthcare 0.77% 0.52% #18
Prev: #18
1.3 no change no change
P
S
724,873 $3,986,802 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CADL
CANDEL THERAPEU...
Healthcare 0.44% 0.45% #19
Prev: #19
1.2 no change no change
P
S
405,837 $2,292,979 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FIG
FIGMA INC
Technology 0.13% 0.21% #20
Prev: #20
1.1 no change no change
P
S
18,286 $683,348 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWD
CROWDSTRIKE HLD...
Technology 0.00% 1.68%
Sold All 😨
(Was: #11)
0.0 -15,615 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-21 of 21 holdings

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