SANDS CAPITAL MANAGEMENT, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, SANDS CAPITAL MANAGEMENT, LLC maintained a portfolio of 70 distinct positions. They heavily accumulated shares in ALPHABET INC, increasing their position by 3.5%. Conversely, SANDS CAPITAL MANAGEMENT, LLC completely exited their position in DEXCOM INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
70
Quarter
2025 Q4
Top Holding
NVDA (11.4%)
Top 10 Concentration
48.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 70
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
NVDA
NVIDIA CORPORAT...
Technology 11.37% 10.72% #1
Prev: #1
4.6 -785,256 -3.8%
P
S
20,043,571 $3,738,125,991 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 6.31% 7.13% #2
Prev: #2
2.6 -2,425,714 -26.2%
P
S
6,826,175 $2,074,406,321 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 5.22% 5.10% #3
Prev: #3
2.1 -973,987 -11.6%
P
S
7,440,012 $1,717,303,570 2004 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 4.70% 3.20% #4 4
Prev: #8
3.9 167,952 3.5%
P
S
4,939,049 $1,545,922,337 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 4.65% 2.84% #5 8
Prev: #13
4.0 2,568,765 37.0%
P
S
9,506,036 $1,530,186,615 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 3.63% 4.09% #6 2
Prev: #4
1.5 -394,869 -13.8%
P
S
2,470,769 $1,194,913,304 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 3.30% 3.79% #7 2
Prev: #5
1.4 -936,904 -23.3%
P
S
3,090,129 $1,083,739,280 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CVNA
CARVANA CO
Consumer Cyclical 3.14% 1.76% #8 15
Prev: #23
3.4 751,019 44.4%
P
S
2,442,534 $1,030,798,199 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 3.12% 3.29% #9 2
Prev: #7
1.2 -200 -0.0%
P
S
509,645 $1,026,557,538 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DASH
DOORDASH INC
Consumer Cyclical 3.10% 3.02% #10
Prev: #10
3.3 473,316 11.8%
P
S
4,496,607 $1,018,391,553 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 3.00% 2.02% #11 10
Prev: #21
3.3 446,392 43.9%
P
S
1,463,351 $986,035,171 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 2.86% 3.71% #12 6
Prev: #6
3.4 8,902,430 794.4%
P
S
10,023,088 $939,764,731 2010 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 2.78% 2.86% #13 1
Prev: #12
3.1 167,095 11.6%
P
S
1,609,436 $914,046,987 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ICE
INTERCONTINENTA...
Financial Services 2.71% 2.64% #14 1
Prev: #15
1.1 -174,370 -3.1%
P
S
5,502,896 $891,249,036 2006 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 2.60% 2.98% #15 4
Prev: #11
1.1 -77,792 -5.0%
P
S
1,469,848 $853,555,432 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 2.52% 2.81% #16 2
Prev: #14
1.0 -133,193 -9.6%
P
S
1,254,871 $828,327,798 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 2.37% 1.65% #17 7
Prev: #24
3.0 35,849 2.7%
P
S
1,376,958 $779,853,933 2005 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 2.26% 2.23% #18 1
Prev: #19
0.9 -6,138,267 -12.1%
P
S
44,423,895 $743,656,002 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NET
CLOUDFLARE INC
Technology 2.24% 2.25% #19 1
Prev: #18
0.9 -77,032 -2.0%
P
S
3,731,287 $735,623,232 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 2.23% 1.88% #20 2
Prev: #22
2.9 53,897 2.6%
P
S
2,114,521 $731,835,718 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ASML
ASML HOLDING N ...
Technology 2.18% 1.41% #21 5
Prev: #26
3.0 140,821 26.6%
P
S
669,985 $716,790,152 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 2.13% 2.41% #22 6
Prev: #16
2.9 617,846 12.7%
P
S
5,501,013 $701,764,228 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IOT
SAMSARA INC
Technology 2.06% 2.11% #23 3
Prev: #20
0.8 -1,395,014 -6.8%
P
S
19,123,318 $677,921,623 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 1.79% 3.16% #24 15
Prev: #9
3.0 2,596,637 208.4%
P
S
3,842,914 $588,695,996 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 1.37% 1.49% #25
Prev: #25
0.6 -39,258 -1.8%
P
S
2,087,048 $448,798,802 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DXCM
DEXCOM INC
Healthcare 0.00% 0.92%
Sold All 😨
(Was: #32)
0.3 -4,934,189 -100.0%
CLOSED
$— 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 0.00% 0.73%
Sold All 😨
(Was: #37)
0.3 -936,043 -100.0%
CLOSED
$— 2001 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VG
VENTURE GLOBAL ...
Energy 0.00% 0.29%
Sold All 😨
(Was: #50)
0.3 -7,484,070 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MNDY
MONDAY COM LTD
Technology 0.00% 0.06%
Sold All 😨
(Was: #58)
0.3 -116,213 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 70 holdings

Unlock Full SANDS CAPITAL MANAGEMENT, LLC Analysis

PRO subscribers get access to all historical quarters, Excel/CSV exports, Portfolio Concentration Analytics (PCA), and Risk-Based ENB.

Full Historical Quarters
Excel & CSV Export
PCA & Risk-Based ENB
Auto Cost Basis
Position Change Alerts
Price-Held Analytics