Asset Manager
← All Institutions
SANDS CAPITAL MANAGEMENT, LLC
SANDS CAPITAL MANAGEMENT, LLC 1000 WILSON BLVD, SUITE 3000, ARLINGTON, VA 22209 • 703-562-4000
Market Value
$32.2B
-9.0%
Holdings
67
New Purchases
6
Added To
21
Closed
3
Reduced
35
Top 10 Concentration
49.5%
Turnover
13.4%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SHOP | 4.75% | 2.91% | +1.84% | $1.5B |
| GOOGL | 4.80% | 3.28% | +1.52% | $1.5B |
| CVNA | 3.20% | 1.80% | +1.40% | $1.0B |
| APP | 3.06% | 2.06% | +1.00% | $986M |
| ARGX | 0.93% | 0.03% | +0.90% | $300M |
| ASML | 2.22% | 1.45% | +0.78% | $717M |
| PWR | 0.76% | 0.00% | +0.76% | $243M |
| ISRG | 2.42% | 1.69% | +0.73% | $780M |
| NVDA | 11.60% | 10.98% | +0.62% | $3.7B |
| CRS | 0.61% | 0.00% | +0.61% | $196M |
| AVGO | 2.27% | 1.92% | +0.35% | $732M |
| BSX | 0.24% | 0.00% | +0.24% | $77M |
| CSL | 0.96% | 0.79% | +0.17% | $310M |
| ONON | 0.96% | 0.81% | +0.15% | $308M |
| AMZN | 5.33% | 5.22% | +0.11% | $1.7B |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| NOW | 1.83% | 3.24% | -1.41% | $589M |
| SQ | 1.20% | 2.37% | -1.17% | $386M |
| TEAM | 0.07% | 1.19% | -1.12% | $22M |
| DXCM | 0.00% | 0.94% | -0.94% | $0 |
| NFLX | 2.92% | 3.80% | -0.88% | $940M |
| TSM | 6.44% | 7.30% | -0.86% | $2.1B |
| AJG | 0.20% | 0.96% | -0.76% | $63M |
| ORCL | 0.00% | 0.74% | -0.74% | $0 |
| RBLX | 0.80% | 1.36% | -0.56% | $258M |
| V | 3.36% | 3.88% | -0.52% | $1.1B |
| MSFT | 3.71% | 4.19% | -0.49% | $1.2B |
| SPOT | 2.65% | 3.05% | -0.40% | $854M |
| META | 2.57% | 2.88% | -0.31% | $828M |
| SE | 2.18% | 2.47% | -0.29% | $702M |
| CPNG | 0.76% | 1.00% | -0.25% | $243M |
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 | $14.7B | 45.6% |
| Large Cap | 41 | $16.5B | 51.1% |
| Mid Cap | 10 | $1.0B | 3.2% |
| Small Cap | 1 | $50M | 0.2% |
Portfolio Analytics
Avg Market Cap
$412.4B
Median Market Cap
$69.8B
Avg P/E
41.9
Median P/E
32.7
Avg Dividend Yield
0.00%
Avg Beta
1.16
# Stocks
66
# ETFs / Funds
1
Top Holdings (67 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA | 11.60% | 20,043,571 | $3.7B | $186.50 | -$148M | -785,256 | -3.8% | |
| 2 | TSM | 6.44% | 6,826,175 | $2.1B | $303.89 | -$510M | -2,425,714 | -26.2% | |
| 3 | AMZN | 5.33% | 7,440,012 | $1.7B | $230.82 | -$130M | -973,987 | -11.6% | |
| 4 | GOOGL | 4.80% | 4,939,049 | $1.5B | $313.00 | $386M | +167,952 | +3.5% | |
| 5 | SHOP | 4.75% | 9,506,036 | $1.5B | $160.97 | $499M | +2,568,765 | +37.0% | |
| 6 | MSFT | 3.71% | 2,470,769 | $1.2B | $483.62 | -$289M | -394,869 | -13.8% | |
| 7 | V | 3.36% | 3,090,129 | $1.1B | $350.71 | -$291M | -936,904 | -23.3% | |
| 8 | CVNA | 3.20% | 2,442,534 | $1.0B | $422.02 | $393M | +751,019 | +44.4% | |
| 9 | MELI | 3.19% | 509,645 | $1.0B | $2,014.26 | -$165M | -200 | -0.0% | |
| 10 | DASH | 3.16% | 4,496,607 | $1.0B | $226.48 | -$76M | +473,316 | +11.8% | |
| 11 | APP | 3.06% | 1,463,351 | $986M | $673.82 | $255M | +446,392 | +43.9% | |
| 12 | NFLX | 2.92% | 10,023,088 | $940M | $93.76 | -$404M | +8,902,430 | +794.4% | |
| 13 | AXON | 2.84% | 1,609,436 | $914M | $567.93 | -$121M | +167,095 | +11.6% | |
| 14 | ICE | 2.77% | 5,502,896 | $891M | $161.96 | -$65M | -174,370 | -3.1% | |
| 15 | SPOT | 2.65% | 1,469,848 | $854M | $580.71 | -$227M | -77,792 | -5.0% | |
| 16 | META | 2.57% | 1,254,871 | $828M | $660.09 | -$191M | -133,193 | -9.6% | |
| 17 | ISRG | 2.42% | 1,376,958 | $780M | $566.36 | $180M | +35,849 | +2.7% | |
| 18 | NU | 2.31% | 44,423,895 | $744M | $16.74 | -$66M | -6,138,267 | -12.1% | |
| 19 | NET | 2.28% | 3,731,287 | $736M | $197.15 | -$82M | -77,032 | -2.0% | |
| 20 | AVGO | 2.27% | 2,114,521 | $732M | $346.10 | $52M | +53,897 | +2.6% | |
| 21 | ASML | 2.22% | 669,985 | $717M | $1,069.86 | $205M | +140,821 | +26.6% | |
| 22 | SE | 2.18% | 5,501,013 | $702M | $127.57 | -$171M | +617,846 | +12.7% | |
| 23 | IOT | 2.10% | 19,123,318 | $678M | $35.45 | -$86M | -1,395,014 | -6.8% | |
| 24 | NOW | 1.83% | 3,842,914 | $589M | $153.19 | -$558M | +2,596,637 | +208.3% | |
| 25 | SQ | 1.20% | 5,929,883 | $386M | $65.09 | -$453M | -5,673,174 | -48.9% | |
| 26 | CSL | 0.96% | 967,640 | $310M | $319.86 | $30M | +118,139 | +13.9% | |
| 27 | ONON | 0.96% | 6,635,050 | $308M | $46.48 | $22M | -134,380 | -2.0% | |
| 28 | IRTC | 0.94% | 1,699,645 | $302M | $177.44 | -$83M | -536,465 | -24.0% | |
| 29 | ARGX | 0.93% | 356,870 | $300M | $840.95 | $288M | +340,245 | +2046.6% | |
| 30 | BLDR | 0.88% | 2,757,969 | $284M | $102.89 | -$11M | +327,067 | +13.4% | |
| 31 | RBLX | 0.80% | 3,183,399 | $258M | $81.03 | -$224M | -293,089 | -8.4% | |
| 32 | PWR | 0.76% | 576,896 | $243M | $422.06 | — | +576,896 | — | NEW |
| 33 | CPNG | 0.76% | 10,319,665 | $243M | $23.59 | -$112M | -704,512 | -6.4% | |
| 34 | TTEK | 0.73% | 7,007,004 | $235M | $33.54 | -$5M | -172,028 | -2.4% | |
| 35 | HDB | 0.69% | 6,117,362 | $224M | $36.54 | $12M | -73,426 | -1.2% | |
| 36 | DDOG | 0.64% | 1,513,800 | $206M | $135.99 | -$64M | -380,880 | -20.1% | |
| 37 | CRS | 0.61% | 621,684 | $196M | $314.84 | — | +621,684 | — | NEW |
| 38 | WCN | 0.53% | 965,880 | $169M | $175.36 | -$39M | -217,314 | -18.4% | |
| 39 | KSPI | 0.47% | 1,948,761 | $152M | $78.13 | $18M | +304,521 | +18.5% | |
| 40 | MCK | 0.44% | 174,268 | $143M | $820.29 | $22M | +17,122 | +10.9% | |
| 41 | TDG | 0.43% | 103,179 | $137M | $1,329.85 | $14M | +9,883 | +10.6% | |
| 42 | ROP | 0.40% | 287,318 | $128M | $445.13 | -$48M | -64,457 | -18.3% | |
| 43 | APH | 0.37% | 879,004 | $119M | $135.14 | $20M | +83,770 | +10.5% | |
| 44 | RACE | 0.36% | 309,983 | $115M | $369.56 | -$8M | +58,285 | +23.2% | |
| 45 | SAP | 0.30% | 394,117 | $96M | $242.91 | -$22M | -46,153 | -10.5% | |
| 46 | RARE | 0.25% | 3,485,724 | $80M | $23.00 | -$33M | -284,129 | -7.5% | |
| 47 | CDNS | 0.24% | 252,008 | $79M | $312.58 | -$38M | -79,879 | -24.1% | |
| 48 | BSX | 0.24% | 805,164 | $77M | $95.35 | — | +805,164 | — | NEW |
| 49 | YMM | 0.20% | 6,123,768 | $66M | $10.73 | -$22M | -643,087 | -9.5% | |
| 50 | AJG | 0.20% | 244,255 | $63M | $258.79 | -$276M | -849,815 | -77.7% | |
| 51 | GRAB | 0.17% | 11,244,055 | $56M | $4.99 | -$19M | -1,246,930 | -10.0% | |
| 52 | GLOB | 0.16% | 770,560 | $50M | $65.37 | $2M | -77,702 | -9.2% | |
| 53 | KVYO | 0.09% | 928,755 | $30M | $32.47 | -$456K | -176,804 | -16.0% | |
| 54 | PANW | 0.09% | 162,963 | $30M | $184.20 | -$10M | -31,656 | -16.3% | |
| 55 | LIN | 0.08% | 59,214 | $25M | $426.39 | -$15M | -25,153 | -29.8% | |
| 56 | TEAM | 0.07% | 136,534 | $22M | $162.14 | -$400M | -2,505,196 | -94.8% | |
| 57 | STVN | 0.03% | 493,006 | $10M | $20.12 | -$2M | +28,075 | +6.0% | |
| 58 | FIG | 0.02% | 189,782 | $7M | $37.37 | -$5M | -36,970 | -16.3% | |
| 59 | DUOL | 0.02% | 39,975 | $7M | $175.50 | -$8M | -7,697 | -16.1% | |
| 60 | GTLB | 0.01% | 127,475 | $5M | $37.53 | -$962K | — | — | |
| 61 | IWF | 0.01% | 8,215 | $4M | $473.30 | — | +8,215 | — | NEW |
| 62 | PLTR | 0.01% | 19,840 | $4M | $177.75 | — | +19,840 | — | NEW |
| 63 | SNOW | 0.01% | 11,960 | $3M | $219.36 | -$74K | — | — | |
| 64 | BABA | —% | 7,511 | $1M | $146.58 | — | +7,511 | — | NEW |
| 65 | MNDY | —% | — | — | — | -$23M | -116,213 | -100.0% | SOLD |
| 66 | DXCM | —% | — | — | — | -$332M | -4,934,189 | -100.0% | SOLD |
| 67 | ORCL | —% | — | — | — | -$263M | -936,043 | -100.0% | SOLD |