Asset Manager
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SANDS CAPITAL MANAGEMENT, LLC
SANDS CAPITAL MANAGEMENT, LLC 1000 WILSON BLVD, SUITE 3000, ARLINGTON, VA 22209 • 703-562-4000
Market Value
$33.9B
+18.3%
Holdings
75
-1
New Purchases
3
Added To
25
Closed
12
Reduced
34
Top 10 Concentration
50.4%
Turnover
20.0%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| NVDA | 10.05% | 7.54% | +2.51% | $3.4B |
| ICE | 2.88% | 1.62% | +1.25% | $975M |
| TSM | 5.71% | 4.65% | +1.06% | $1.9B |
| MSFT | 4.34% | 3.47% | +0.86% | $1.5B |
| CVNA | 0.90% | 0.04% | +0.85% | $304M |
| AJG | 1.06% | 0.24% | +0.81% | $359M |
| ONON | 0.71% | 0.00% | +0.71% | $240M |
| AVGO | 1.50% | 0.83% | +0.67% | $508M |
| CSL | 0.47% | 0.00% | +0.47% | $159M |
| SQ | 2.07% | 1.62% | +0.45% | $702M |
| AXON | 3.93% | 3.49% | +0.45% | $1.3B |
| NU | 2.21% | 1.84% | +0.37% | $748M |
| NET | 2.85% | 2.53% | +0.32% | $965M |
| RBLX | 1.11% | 0.82% | +0.30% | $377M |
| ISRG | 1.21% | 0.94% | +0.27% | $412M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SHOP | 2.55% | 4.05% | -1.50% | $864M |
| AMZN | 5.97% | 7.37% | -1.40% | $2.0B |
| TEAM | 1.55% | 2.90% | -1.35% | $526M |
| APP | 0.84% | 1.90% | -1.06% | $286M |
| UBER | 0.00% | 1.00% | -1.00% | $0 |
| NKE | 0.00% | 0.83% | -0.83% | $0 |
| HTHT | 0.00% | 0.46% | -0.46% | $0 |
| V | 4.22% | 4.66% | -0.44% | $1.4B |
| SE | 2.68% | 3.11% | -0.43% | $908M |
| ABNB | 0.00% | 0.40% | -0.40% | $0 |
| SPOT | 3.07% | 3.43% | -0.37% | $1.0B |
| UNH | 0.00% | 0.32% | -0.32% | $0 |
| NFLX | 4.47% | 4.78% | -0.31% | $1.5B |
| SNOW | 0.01% | 0.30% | -0.30% | $3M |
| AAPL | 0.00% | 0.28% | -0.28% | $0 |
Sector Allocation Over Time
Industry Breakdown
| Industry | Weight |
|---|---|
| Technology | 43.9% |
| Communication Services | 18.2% |
| Consumer Cyclical | 15.0% |
| Industrials | 10.0% |
| Financial Services | 8.1% |
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 15 | $14.5B | 42.7% |
| Large Cap | 45 | $18.1B | 53.5% |
| Mid Cap | 14 | $1.2B | 3.7% |
| Small Cap | 1 | $79M | 0.2% |
Portfolio Analytics
Avg Market Cap
$483.5B
Median Market Cap
$61.7B
Avg P/E
39.8
Median P/E
31.5
Avg Dividend Yield
0.01%
Avg Beta
1.15
# Stocks
74
# ETFs / Funds
1
Top Holdings (75 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA | 10.05% | 21,557,208 | $3.4B | $157.99 | $1.2B | +1,631,025 | +8.2% | |
| 2 | AMZN | 5.97% | 9,230,023 | $2.0B | $219.39 | -$86M | -1,864,520 | -16.8% | |
| 3 | TSM | 5.71% | 8,552,278 | $1.9B | $226.49 | $604M | +524,960 | +6.5% | |
| 4 | NFLX | 4.47% | 1,131,679 | $1.5B | $1,339.13 | $147M | -335,795 | -22.9% | |
| 5 | MSFT | 4.34% | 2,954,745 | $1.5B | $497.41 | $476M | +306,497 | +11.6% | |
| 6 | NOW | 4.27% | 1,408,333 | $1.4B | $1,028.08 | $287M | -49,645 | -3.4% | |
| 7 | V | 4.22% | 4,030,104 | $1.4B | $355.05 | $95M | +217,062 | +5.7% | |
| 8 | MELI | 3.96% | 513,532 | $1.3B | $2,613.63 | $148M | -98,467 | -16.1% | |
| 9 | AXON | 3.93% | 1,611,295 | $1.3B | $827.94 | $335M | -288,527 | -15.2% | |
| 10 | DASH | 3.48% | 4,792,181 | $1.2B | $246.51 | $175M | -714,840 | -13.0% | |
| 11 | SPOT | 3.07% | 1,354,803 | $1.0B | $767.34 | $56M | -433,747 | -24.2% | |
| 12 | ICE | 2.88% | 5,313,039 | $975M | $183.47 | $510M | +2,620,310 | +97.3% | |
| 13 | NET | 2.85% | 4,928,874 | $965M | $195.83 | $241M | -1,498,572 | -23.3% | |
| 14 | META | 2.84% | 1,306,041 | $964M | $738.09 | $95M | -201,721 | -13.4% | |
| 15 | SE | 2.68% | 5,678,005 | $908M | $159.94 | $18M | -1,139,989 | -16.7% | |
| 16 | DXCM | 2.56% | 9,947,944 | $868M | $87.29 | $157M | -466,212 | -4.5% | |
| 17 | SHOP | 2.55% | 7,492,615 | $864M | $115.35 | -$295M | -4,653,206 | -38.3% | |
| 18 | IOT | 2.26% | 19,276,210 | $767M | $39.78 | $137M | +2,833,049 | +17.2% | |
| 19 | NU | 2.21% | 54,504,428 | $748M | $13.72 | $221M | +3,060,463 | +6.0% | |
| 20 | SQ | 2.07% | 10,340,740 | $702M | $67.93 | $239M | +1,808,909 | +21.2% | |
| 21 | GOOGL | 1.60% | 3,085,879 | $544M | $176.23 | $26M | -263,848 | -7.9% | |
| 22 | TEAM | 1.55% | 2,588,723 | $526M | $203.09 | -$306M | -1,329,865 | -33.9% | |
| 23 | AVGO | 1.50% | 1,843,327 | $508M | $275.65 | $270M | +422,457 | +29.7% | |
| 24 | IRTC | 1.32% | 2,915,527 | $449M | $153.96 | $133M | -100,680 | -3.3% | |
| 25 | ASML | 1.25% | 530,562 | $425M | $801.39 | $56M | -26,866 | -4.8% | |
| 26 | ISRG | 1.21% | 757,570 | $412M | $543.41 | $142M | +213,494 | +39.2% | |
| 27 | RBLX | 1.11% | 3,586,543 | $377M | $105.20 | $144M | -419,787 | -10.5% | |
| 28 | DDOG | 1.10% | 2,772,015 | $372M | $134.33 | $83M | -143,461 | -4.9% | |
| 29 | CPNG | 1.06% | 11,999,721 | $360M | $29.96 | $95M | -80,763 | -0.7% | |
| 30 | AJG | 1.06% | 1,121,249 | $359M | $320.12 | $289M | +918,618 | +453.4% | |
| 31 | CVNA | 0.90% | 901,227 | $304M | $336.96 | $291M | +840,096 | +1374.3% | |
| 32 | APP | 0.84% | 817,346 | $286M | $350.08 | -$259M | -1,240,847 | -60.3% | |
| 33 | ONON | 0.71% | 4,614,347 | $240M | $52.05 | — | +4,614,347 | — | NEW |
| 34 | HDB | 0.65% | 2,883,335 | $221M | $76.67 | $28M | -27,855 | -1.0% | |
| 35 | WCN | 0.62% | 1,120,082 | $209M | $186.72 | -$7M | +11,678 | +1.1% | |
| 36 | TTEK | 0.55% | 5,200,335 | $187M | $35.96 | $67M | +1,089,599 | +26.5% | |
| 37 | ROP | 0.55% | 327,846 | $186M | $566.84 | -$6M | +1,734 | +0.5% | |
| 38 | CSL | 0.47% | 426,360 | $159M | $373.40 | — | +426,360 | — | NEW |
| 39 | RGEN | 0.46% | 1,251,088 | $156M | $124.38 | -$9M | -43,108 | -3.3% | |
| 40 | RARE | 0.42% | 3,943,485 | $143M | $36.36 | -$7M | -220,076 | -5.3% | |
| 41 | KSPI | 0.42% | 1,682,013 | $143M | $84.89 | $21M | +370,556 | +28.3% | |
| 42 | TDG | 0.39% | 86,900 | $132M | $1,520.64 | $13M | +1,014 | +1.2% | |
| 43 | RACE | 0.35% | 243,717 | $120M | $490.74 | $14M | -2,352 | -1.0% | |
| 44 | BLDR | 0.35% | 1,016,773 | $119M | $116.69 | -$13M | -34,771 | -3.3% | |
| 45 | GOOG | 0.32% | 603,385 | $107M | $177.39 | $10M | -20,799 | -3.3% | |
| 46 | MCK | 0.32% | 145,867 | $107M | $732.78 | $45M | +54,117 | +59.0% | |
| 47 | CHTR | 0.29% | 242,432 | $99M | $408.81 | $11M | +2,828 | +1.2% | |
| 48 | CDNS | 0.28% | 308,191 | $95M | $308.15 | $17M | +3,472 | +1.1% | |
| 49 | GRAB | 0.28% | 18,757,824 | $94M | $5.03 | $6M | -719,253 | -3.7% | |
| 50 | APH | 0.27% | 940,121 | $93M | $98.75 | $32M | +10,969 | +1.2% | |
| 51 | SAP | 0.26% | 289,386 | $88M | $304.10 | $28M | +66,354 | +29.8% | |
| 52 | YMM | 0.24% | 6,926,596 | $82M | $11.81 | -$49M | -3,323,696 | -32.4% | |
| 53 | GLOB | 0.23% | 869,376 | $79M | $90.84 | -$27M | -33,159 | -3.7% | |
| 54 | LIN | 0.12% | 86,662 | $41M | $469.18 | -$916K | -2,626 | -2.9% | |
| 55 | KVYO | 0.11% | 1,109,069 | $37M | $33.58 | $8M | +136,320 | +14.0% | |
| 56 | MNDY | 0.11% | 116,591 | $37M | $314.48 | $9M | +1,550 | +1.4% | |
| 57 | PANW | 0.09% | 154,863 | $32M | $204.64 | — | +154,863 | — | NEW |
| 58 | OKTA | 0.09% | 300,517 | $30M | $99.97 | -$8M | -58,204 | -16.2% | |
| 59 | CRWD | 0.07% | 45,021 | $23M | $509.31 | $7M | +604 | +1.4% | |
| 60 | ICLR | 0.04% | 91,550 | $13M | $145.45 | -$3M | -2,774 | -2.9% | |
| 61 | STVN | 0.03% | 464,635 | $11M | $24.43 | $1M | -20,841 | -4.3% | |
| 62 | GTLB | 0.02% | 127,475 | $6M | $45.11 | -$241K | — | — | |
| 63 | SNOW | 0.01% | 11,960 | $3M | $223.77 | -$84M | -584,483 | -98.0% | |
| 64 | AAPL | —% | — | — | — | -$79M | -355,649 | -100.0% | SOLD |
| 65 | EW | —% | — | — | — | -$1M | -19,244 | -100.0% | SOLD |
| 66 | UNH | —% | — | — | — | -$92M | -174,787 | -100.0% | SOLD |
| 67 | NKE | —% | — | — | — | -$238M | -3,754,580 | -100.0% | SOLD |
| 68 | PATH | —% | — | — | — | -$460K | -44,642 | -100.0% | SOLD |
| 69 | IWF | —% | — | — | — | -$10M | -26,465 | -100.0% | SOLD |
| 70 | UBER | —% | — | — | — | -$285M | -3,913,222 | -100.0% | SOLD |
| 71 | HTHT | —% | — | — | — | -$133M | -3,587,089 | -100.0% | SOLD |
| 72 | ENTG | —% | — | — | — | -$977K | -11,172 | -100.0% | SOLD |
| 73 | BZ | —% | — | — | — | -$75M | -3,934,331 | -100.0% | SOLD |
| 74 | GLBE | —% | — | — | — | -$19M | -522,035 | -100.0% | SOLD |
| 75 | ABNB | —% | — | — | — | -$114M | -950,809 | -100.0% | SOLD |