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
$25.2B
-21.9%
Holdings
73
+6
New Purchases
9
Added To
9
Closed
8
Reduced
46
Top 10 Concentration
53.1%
Turnover
23.3%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| TSM | 7.88% | 6.44% | +1.44% | $2.0B |
| ASML | 3.36% | 2.22% | +1.14% | $845M |
| GOOGL | 5.86% | 4.80% | +1.06% | $1.5B |
| BE | 0.96% | 0.00% | +0.96% | $241M |
| NVDA | 12.54% | 11.60% | +0.94% | $3.2B |
| STX | 0.83% | 0.00% | +0.83% | $208M |
| SPOT | 3.46% | 2.65% | +0.81% | $870M |
| NET | 3.00% | 2.28% | +0.72% | $756M |
| CRS | 1.29% | 0.61% | +0.68% | $324M |
| NFLX | 3.60% | 2.92% | +0.68% | $905M |
| LRCX | 0.64% | 0.00% | +0.64% | $161M |
| PWR | 1.37% | 0.76% | +0.61% | $344M |
| META | 2.91% | 2.57% | +0.34% | $732M |
| CSL | 1.22% | 0.96% | +0.26% | $307M |
| MCK | 0.69% | 0.44% | +0.25% | $174M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| NOW | 0.01% | 1.83% | -1.81% | $3M |
| APP | 1.54% | 3.06% | -1.52% | $387M |
| MSFT | 2.25% | 3.71% | -1.46% | $566M |
| IRTC | 0.00% | 0.94% | -0.94% | $0 |
| DASH | 2.36% | 3.16% | -0.80% | $594M |
| SE | 1.56% | 2.18% | -0.62% | $392M |
| HDB | 0.09% | 0.69% | -0.60% | $23M |
| CVNA | 2.65% | 3.20% | -0.55% | $666M |
| AVGO | 1.73% | 2.27% | -0.54% | $434M |
| SHOP | 4.21% | 4.75% | -0.53% | $1.1B |
| ROP | 0.00% | 0.40% | -0.40% | $0 |
| NU | 1.96% | 2.31% | -0.35% | $493M |
| SAP | 0.00% | 0.30% | -0.30% | $0 |
| CDNS | 0.00% | 0.24% | -0.24% | $0 |
| AJG | 0.00% | 0.20% | -0.20% | $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 | 17 | $12.6B | 49.9% |
| Large Cap | 45 | $12.1B | 47.9% |
| Mid Cap | 10 | $546M | 2.2% |
| Small Cap | 1 | $0 | 0.0% |
Portfolio Analytics
Avg Market Cap
$460.0B
Median Market Cap
$76.4B
Avg P/E
45.1
Median P/E
33.8
Avg Dividend Yield
0.00%
Avg Beta
1.23
# Stocks
72
# ETFs / Funds
1
Top Holdings (73 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA | 12.54% | 18,085,742 | $3.2B | $174.40 | -$584M | -1,957,829 | -9.8% | |
| 2 | TSM | 7.88% | 5,862,685 | $2.0B | $337.95 | -$93M | -963,490 | -14.1% | |
| 3 | GOOGL | 5.86% | 5,124,494 | $1.5B | $287.56 | -$72M | +185,445 | +3.8% | |
| 4 | AMZN | 5.56% | 6,719,055 | $1.4B | $208.27 | -$318M | -720,957 | -9.7% | |
| 5 | SHOP | 4.21% | 8,935,666 | $1.1B | $118.62 | -$470M | -570,370 | -6.0% | |
| 6 | NFLX | 3.60% | 9,414,668 | $905M | $96.15 | -$35M | -608,420 | -6.1% | |
| 7 | SPOT | 3.46% | 1,794,226 | $870M | $484.91 | $16M | +324,378 | +22.1% | |
| 8 | ASML | 3.36% | 639,833 | $845M | $1,320.83 | $128M | -30,152 | -4.5% | |
| 9 | V | 3.33% | 2,770,431 | $837M | $302.24 | -$246M | -319,698 | -10.3% | |
| 10 | MELI | 3.27% | 475,455 | $822M | $1,729.02 | -$204M | -34,190 | -6.7% | |
| 11 | NET | 3.00% | 3,661,749 | $756M | $206.34 | $20M | -69,538 | -1.9% | |
| 12 | META | 2.91% | 1,279,121 | $732M | $572.13 | -$97M | +24,250 | +1.9% | |
| 13 | ICE | 2.74% | 4,384,298 | $690M | $157.28 | -$202M | -1,118,598 | -20.3% | |
| 14 | CVNA | 2.65% | 2,117,248 | $666M | $314.38 | -$365M | -325,286 | -13.3% | |
| 15 | AXON | 2.64% | 1,564,504 | $664M | $424.69 | -$250M | -44,932 | -2.8% | |
| 16 | ISRG | 2.42% | 1,321,274 | $609M | $460.99 | -$171M | -55,684 | -4.0% | |
| 17 | DASH | 2.36% | 3,957,060 | $594M | $150.15 | -$424M | -539,547 | -12.0% | |
| 18 | MSFT | 2.25% | 1,530,124 | $566M | $370.17 | -$629M | -940,645 | -38.1% | |
| 19 | IOT | 1.97% | 15,657,744 | $496M | $31.69 | -$182M | -3,465,574 | -18.1% | |
| 20 | NU | 1.96% | 34,342,221 | $493M | $14.37 | -$250M | -10,081,674 | -22.7% | |
| 21 | AVGO | 1.73% | 1,402,835 | $434M | $309.51 | -$298M | -711,686 | -33.7% | |
| 22 | SE | 1.56% | 4,728,550 | $392M | $82.81 | -$310M | -772,463 | -14.0% | |
| 23 | APP | 1.54% | 971,561 | $387M | $398.00 | -$599M | -491,790 | -33.6% | |
| 24 | PWR | 1.37% | 626,348 | $344M | $549.02 | $100M | +49,452 | +8.6% | |
| 25 | SQ | 1.32% | 5,510,835 | $332M | $60.18 | -$54M | -419,048 | -7.1% | |
| 26 | CRS | 1.29% | 823,277 | $324M | $394.15 | $129M | +201,593 | +32.4% | |
| 27 | CSL | 1.22% | 919,614 | $307M | $333.62 | -$3M | -48,026 | -5.0% | |
| 28 | ARGX | 0.99% | 340,285 | $248M | $730.25 | -$52M | -16,585 | -4.7% | |
| 29 | BE | 0.96% | 1,779,038 | $241M | $135.49 | — | +1,779,038 | — | NEW |
| 30 | BLDR | 0.86% | 2,621,085 | $216M | $82.33 | -$68M | -136,884 | -5.0% | |
| 31 | ONON | 0.86% | 6,325,547 | $215M | $34.02 | -$93M | -309,503 | -4.7% | |
| 32 | STX | 0.83% | 531,892 | $208M | $391.76 | — | +531,892 | — | NEW |
| 33 | TTEK | 0.80% | 6,658,823 | $201M | $30.12 | -$34M | -348,181 | -5.0% | |
| 34 | MCK | 0.69% | 201,283 | $174M | $865.36 | $31M | +27,015 | +15.5% | |
| 35 | CPNG | 0.69% | 9,172,187 | $173M | $18.88 | -$70M | -1,147,478 | -11.1% | |
| 36 | DDOG | 0.66% | 1,406,366 | $166M | $118.05 | -$40M | -107,434 | -7.1% | |
| 37 | LRCX | 0.64% | 755,222 | $161M | $213.66 | — | +755,222 | — | NEW |
| 38 | RBLX | 0.61% | 2,726,701 | $154M | $56.56 | -$104M | -456,698 | -14.3% | |
| 39 | KSPI | 0.47% | 1,586,334 | $117M | $74.07 | -$35M | -362,427 | -18.6% | |
| 40 | TDG | 0.43% | 94,341 | $109M | $1,158.96 | -$28M | -8,838 | -8.6% | |
| 41 | WCN | 0.41% | 634,903 | $103M | $162.44 | -$66M | -330,977 | -34.3% | |
| 42 | APH | 0.40% | 805,602 | $102M | $126.35 | -$17M | -73,402 | -8.3% | |
| 43 | RACE | 0.39% | 287,709 | $97M | $338.45 | -$17M | -22,274 | -7.2% | |
| 44 | RARE | 0.27% | 3,214,533 | $67M | $20.95 | -$13M | -271,191 | -7.8% | |
| 45 | BSX | 0.18% | 736,109 | $46M | $62.75 | -$31M | -69,055 | -8.6% | |
| 46 | YMM | 0.16% | 4,970,779 | $41M | $8.30 | -$24M | -1,152,989 | -18.8% | |
| 47 | GRAB | 0.13% | 9,122,432 | $33M | $3.66 | -$23M | -2,121,623 | -18.9% | |
| 48 | LLY | 0.12% | 32,887 | $30M | $919.77 | — | +32,887 | — | NEW |
| 49 | LIN | 0.11% | 54,593 | $27M | $495.76 | $2M | -4,621 | -7.8% | |
| 50 | PANW | 0.10% | 161,078 | $26M | $160.32 | -$4M | -1,885 | -1.2% | |
| 51 | HDB | 0.09% | 907,652 | $23M | $24.88 | -$201M | -5,209,710 | -85.2% | |
| 52 | KVYO | 0.05% | 595,160 | $12M | $19.46 | -$19M | -333,595 | -35.9% | |
| 53 | STVN | 0.03% | 497,310 | $7M | $13.75 | -$3M | +4,304 | +0.9% | |
| 54 | FIG | 0.02% | 187,577 | $4M | $21.14 | -$3M | -2,205 | -1.2% | |
| 55 | PLTR | 0.01% | 22,919 | $3M | $146.28 | -$174K | +3,079 | +15.5% | |
| 56 | NOW | 0.01% | 31,521 | $3M | $104.55 | -$585M | -3,811,393 | -99.2% | |
| 57 | GTLB | 0.01% | 127,475 | $3M | $21.64 | -$2M | — | — | |
| 58 | BABA | —% | 7,793 | $978K | $125.46 | -$123K | +282 | +3.8% | |
| 59 | TEAM | —% | 14,281 | $975K | $68.25 | -$21M | -122,253 | -89.5% | |
| 60 | AAPL | —% | 3,219 | $817K | $253.79 | — | +3,219 | — | NEW |
| 61 | SNOW | —% | 4,178 | $630K | $150.82 | -$2M | -7,782 | -65.1% | |
| 62 | ANET | —% | 2,698 | $331K | $122.78 | — | +2,698 | — | NEW |
| 63 | HOOD | —% | 3,746 | $260K | $69.30 | — | +3,746 | — | NEW |
| 64 | AVAV | —% | 1,342 | $246K | $183.05 | — | +1,342 | — | NEW |
| 65 | LITE | —% | 312 | $219K | $702.76 | — | +312 | — | NEW |
| 66 | ROP | —% | — | — | — | -$128M | -287,318 | -100.0% | SOLD |
| 67 | AJG | —% | — | — | — | -$63M | -244,255 | -100.0% | SOLD |
| 68 | IRTC | —% | — | — | — | -$302M | -1,699,645 | -100.0% | SOLD |
| 69 | IWF | —% | — | — | — | -$4M | -8,215 | -100.0% | SOLD |
| 70 | CDNS | —% | — | — | — | -$79M | -252,008 | -100.0% | SOLD |
| 71 | SAP | —% | — | — | — | -$96M | -394,117 | -100.0% | SOLD |
| 72 | GLOB | —% | — | — | — | -$50M | -770,560 | -100.0% | SOLD |
| 73 | DUOL | —% | — | — | — | -$7M | -39,975 | -100.0% | SOLD |