2026 Q3 Portfolio Activity
In 2026 Q3, SANDS CAPITAL MANAGEMENT, LLC maintained a portfolio of 73 distinct positions. The most significant new addition was TWILIO INC, now representing 0.02% of the total fund value. They heavily accumulated shares in PALANTIR TECHNOLOGIES INC, increasing the position by 16299.9%. The fund also reduced its exposure to AXON ENTERPRISE INC by 25.5%.
Position History
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Total Positions
73
Quarter
2026 Q3
Top Holding
NVDA (11.5%)
Top 10 Concentration
49.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 73
SANDS CAPITAL MANAGEMENT, LLC Full Holdings List — 2026 Q3
| 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 | 11.55% | 10.45% |
#1
Prev: #1
|
6.5 |
—
|
-1,522,164 | -10.8% |
P
S
|
12,537,290 | $2,863,266,290 | 2022 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 6.74% | 6.49% |
#2
1
Prev: #3
|
4.7 |
—
|
-33,276 | -0.7% |
P
S
|
4,860,121 | $1,672,270,434 | 2015 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 6.59% | 6.96% |
#3
1
Prev: #2
|
4.1 |
—
|
-342,890 | -8.7% |
P
S
|
3,582,550 | $1,634,323,484 | 2009 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.63% | 4.30% |
#4
Prev: #4
|
2.9 |
—
|
-257,664 | -5.3% |
P
S
|
4,603,559 | $1,146,976,725 | 2004 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SHOP
SHOPIFY INC
|
Technology | 3.72% | 3.07% |
#5
3
Prev: #8
|
2.5 |
—
|
-1,026,639 | -14.2% |
P
S
|
6,215,440 | $921,749,752 | 2017 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ASML
ASML HLDG NV
|
Technology | 3.59% | 3.94% |
#6
1
Prev: #5
|
1.9 |
—
|
-42,381 | -7.9% |
P
S
|
491,312 | $890,095,211 | 2012 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
V
VISA INC
|
Financial Services | 3.56% | 3.03% |
#7
2
Prev: #9
|
1.9 |
—
|
78,245 | 3.3% |
P
S
|
2,455,344 | $882,278,760 | 2008 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BE
BLOOM ENERGY CO...
|
Industrials | 3.29% | 3.29% |
#8
2
Prev: #6
|
1.8 |
—
|
22,109 | 0.8% |
P
S
|
2,948,667 | $816,721,786 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NET
CLOUDFLARE INC
|
Technology | 3.14% | 2.95% |
#9
2
Prev: #11
|
1.3 |
—
|
-1,001,080 | -30.9% |
P
S
|
2,238,424 | $777,359,887 | 2021 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SPOT
SPOTIFY TECHNOL...
|
Communication Services | 2.95% | 3.00% |
#10
Prev: #10
|
1.7 |
—
|
-259,956 | -14.8% |
P
S
|
1,501,250 | $731,679,225 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 2.94% | 1.81% |
#11
10
Prev: #21
|
3.2 |
—
|
110,028 | 8.4% |
P
S
|
1,419,258 | $727,937,428 | 1999 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.86% | 2.03% |
#12
4
Prev: #16
|
1.6 |
—
|
8,636 | 0.9% |
P
S
|
978,515 | $709,599,508 | 2012 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 2.42% | 2.38% |
#13
Prev: #13
|
1.5 |
—
|
-31,670 | -8.4% |
P
S
|
346,538 | $599,001,329 | 2009 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 2.28% | 1.85% |
#14
4
Prev: #18
|
1.4 |
—
|
-331,309 | -8.2% |
P
S
|
3,724,462 | $566,229,958 | 2006 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PLTR
PALANTIR TECHNO...
|
Technology | 2.22% | 0.01% |
#15
54
Prev: #69
|
3.9 |
—
|
2,924,851 | 16299.9% |
P
S
|
2,942,795 | $550,449,805 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PWR
QUANTA SVCS INC
|
Industrials | 2.11% | 2.01% |
#16
1
Prev: #17
|
2.8 |
—
|
62,079 | 8.3% |
P
S
|
812,558 | $522,076,641 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CVNA
CARVANA CO
|
Consumer Cyclical | 1.93% | 2.07% |
#17
2
Prev: #15
|
1.3 |
—
|
-806,381 | -9.5% |
P
S
|
7,656,564 | $478,841,513 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
AXON
AXON ENTERPRISE...
|
Industrials | 1.88% | 3.08% |
#18
11
Prev: #7
|
0.8 |
—
|
-378,140 | -25.5% |
P
S
|
1,102,677 | $465,903,086 | 2023 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ISRG
INTUITIVE SURGI...
|
Healthcare | 1.86% | 1.85% |
#19
Prev: #19
|
1.2 |
—
|
-119,546 | -9.5% |
P
S
|
1,132,878 | $460,662,181 | 2005 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
LRCX
LAM RESEARCH CO...
|
Technology | 1.72% | 1.82% |
#20
Prev: #20
|
2.7 |
—
|
166,897 | 14.7% |
P
S
|
1,300,862 | $427,346,176 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 1.63% | 1.45% |
#21
6
Prev: #27
|
1.2 |
—
|
-10,248 | -1.5% |
P
S
|
662,307 | $405,172,930 | 2004 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
STX
SEAGATE TECHNOL...
|
Technology | 1.61% | 2.58% |
#22
10
Prev: #12
|
0.6 |
—
|
-287,367 | -39.9% |
P
S
|
433,374 | $399,718,175 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
DASH
DOORDASH INC
|
Consumer Cyclical | 1.55% | 1.59% |
#23
Prev: #23
|
1.1 |
—
|
-227,288 | -9.8% |
P
S
|
2,098,507 | $385,180,960 | 2020 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
XYZ
BLOCK INC
|
Technology | 1.51% | 1.59% |
#24
1
Prev: #25
|
1.1 |
—
|
-551,308 | -9.8% |
P
S
|
5,081,197 | $373,620,415 | 2020 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
AVGO
BROADCOM INC
|
Technology | 1.43% | 1.58% |
#25
1
Prev: #26
|
1.1 |
—
|
-116,406 | -10.3% |
P
S
|
1,010,506 | $354,879,602 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
WWD
WOODWARD INC
|
Industrials | 1.42% | 0.24% |
#26
24
Prev: #50
|
3.6 |
—
|
920,965 | 599.4% |
P
S
|
1,074,625 | $353,111,029 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MU
MICRON TECHNOLO...
|
Technology | 1.36% | 2.26% |
#27
13
Prev: #14
|
0.5 |
—
|
-210,961 | -40.0% |
P
S
|
315,849 | $336,413,928 | 2004 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SPCX
SPACE EXPLORATI...
|
ETF | 1.26% | 1.44% |
#28
Prev: #28
|
1.0 |
—
|
-213,227 | -9.4% |
P
S
|
2,063,517 | $311,302,175 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
IOT
SAMSARA INC
|
Technology | 1.22% | 1.37% |
#29
1
Prev: #30
|
0.5 |
—
|
-3,422,860 | -30.2% |
P
S
|
7,925,872 | $302,213,499 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SNDK
SANDISK CORP
|
Technology | 1.18% | 1.29% |
#30
1
Prev: #31
|
2.5 |
—
|
15,289 | 10.0% |
P
S
|
168,382 | $292,966,158 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SE
SEA LTD
|
Consumer Cyclical | 1.07% | 1.07% |
#31
2
Prev: #33
|
0.9 |
—
|
-285,119 | -9.5% |
P
S
|
2,713,218 | $264,158,904 | 2017 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ARGX
ARGENX SE
|
Healthcare | 1.05% | 1.03% |
#32
2
Prev: #34
|
0.9 |
—
|
-28,393 | -9.5% |
P
S
|
270,206 | $259,103,235 | 2025 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CSL
CARLISLE COS IN...
|
Industrials | 0.94% | 1.08% |
#33
1
Prev: #32
|
0.9 |
—
|
-79,161 | -9.9% |
P
S
|
720,711 | $232,191,463 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
DDOG
DATADOG INC
|
Technology | 0.90% | 0.97% |
#34
2
Prev: #36
|
0.9 |
—
|
-181,100 | -18.1% |
P
S
|
818,699 | $224,200,721 | 2022 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CRS
CARPENTER TECHN...
|
Industrials | 0.84% | 1.80% |
#35
13
Prev: #22
|
0.3 |
—
|
-252,278 | -32.1% |
P
S
|
533,872 | $207,580,111 | 2025 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ONON
ON HLDG AG
|
Consumer Cyclical | 0.81% | 0.98% |
#36
1
Prev: #35
|
0.8 |
—
|
-717,600 | -9.6% |
P
S
|
6,767,443 | $200,383,987 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NFLX
NETFLIX INC.
|
Communication Services | 0.76% | 1.42% |
#37
8
Prev: #29
|
0.3 |
—
|
-2,637,564 | -49.4% |
P
S
|
2,699,050 | $187,799,899 | 2010 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SPHR
SPHERE ENTERTAI...
|
Communication Services | 0.76% | 0.87% |
#38
1
Prev: #37
|
0.8 |
—
|
36,795 | 2.7% |
P
S
|
1,395,116 | $187,559,395 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ARM
ARM HOLDINGS PL...
|
Technology | 0.69% | 0.85% |
#39
1
Prev: #38
|
0.8 |
—
|
-55,994 | -8.7% |
P
S
|
586,835 | $169,982,626 | 2026 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
APP
APPLOVIN CORP
|
Communication Services | 0.65% | 1.59% |
#40
16
Prev: #24
|
0.3 |
—
|
-275,460 | -33.1% |
P
S
|
556,237 | $161,547,912 | 2024 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MCK
MCKESSON CORP
|
Healthcare | 0.60% | 0.51% |
#41
1
Prev: #42
|
0.7 |
—
|
-9,149 | -5.0% |
P
S
|
174,386 | $148,892,511 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 0.56% | 0.62% |
#42
2
Prev: #40
|
0.7 |
—
|
-1,527,186 | -12.2% |
P
S
|
10,948,620 | $138,609,529 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FWONK
LIBERTY MEDIA C...
|
Communication Services | 0.53% | 0.53% |
#43
2
Prev: #41
|
0.7 |
—
|
-97,929 | -6.5% |
P
S
|
1,411,264 | $130,400,794 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
KSPI
KASPI KZ JSC
|
Technology | 0.52% | 0.49% |
#44
Prev: #44
|
0.7 |
—
|
-150,466 | -9.8% |
P
S
|
1,380,551 | $129,854,627 | 2024 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
APH
AMPHENOL CORP
|
Technology | 0.48% | 0.50% |
#45
2
Prev: #43
|
3.2 |
—
|
650,214 | 85.1% |
P
S
|
1,414,165 | $119,214,109 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BLDR
BUILDERS FIRSTS...
|
Industrials | 0.47% | 0.76% |
#46
7
Prev: #39
|
0.7 |
—
|
-228,815 | -10.0% |
P
S
|
2,054,421 | $117,122,541 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
WCN
WASTE CONNECTIO...
|
Industrials | 0.43% | 0.38% |
#47
2
Prev: #49
|
2.2 |
—
|
76,364 | 12.5% |
P
S
|
686,085 | $105,609,064 | 2021 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RACE
FERRARI N V
|
Consumer Cyclical | 0.42% | 0.39% |
#48
Prev: #48
|
0.7 |
—
|
-17,101 | -6.1% |
P
S
|
263,000 | $103,319,550 | 2023 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
TDG
TRANSDIGM GROUP...
|
Industrials | 0.36% | 0.44% |
#49
3
Prev: #46
|
0.6 |
—
|
-6,674 | -7.4% |
P
S
|
82,995 | $89,850,387 | 2017 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CPNG
COUPANG INC
|
Consumer Cyclical | 0.20% | 0.49% |
#50
5
Prev: #45
|
0.1 |
—
|
-3,985,066 | -52.7% |
P
S
|
3,574,066 | $49,572,295 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 |
Showing 1-50 of 73 holdings