Latest SANDS CAPITAL MANAGEMENT, LLC Stock Portfolio

SANDS CAPITAL MANAGEMENT, LLC Performance:

2025 Q4: -3.38%YTD: 16.72%2024: 24.6%

Performance for 2025 Q4 is -3.38%, and YTD is 16.72%, and 2024 is 24.6%.

About SANDS CAPITAL MANAGEMENT, LLC and 13F Hedge Fund Stock Holdings

SANDS CAPITAL MANAGEMENT, LLC is a hedge fund based in Arlington, VA. On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, SANDS CAPITAL MANAGEMENT, LLC reported an equity portfolio of $32.9 Billions as of 31 Dec, 2025.

The top stock holdings of SANDS CAPITAL MANAGEMENT, LLC are NVDA, TSM, AMZN. The fund has invested 11.4% of it's portfolio in NVIDIA CORPORATION and 6.3% of portfolio in TAIWAN SEMICONDUCTOR MFG LTD.

The fund managers got completely rid off DEXCOM INC (DXCM), ORACLE CORP (ORCL) and VENTURE GLOBAL INC stocks. They significantly reduced their stock positions in ATLASSIAN CORPORATION (TEAM), GALLAGHER ARTHUR J & CO (AJG) and BLOCK INC (SQ). SANDS CAPITAL MANAGEMENT, LLC opened new stock positions in QUANTA SVCS INC (PWR), CARPENTER TECHNOLOGY CORP (CRS) and BOSTON SCIENTIFIC CORP (BSX). The fund showed a lot of confidence in some stocks as they added substantially to ARGENX SE (ARGX), CARVANA CO (CVNA) and APPLOVIN CORP (APP).

SANDS CAPITAL MANAGEMENT, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that SANDS CAPITAL MANAGEMENT, LLC made a return of -3.38% in the last quarter. In trailing 12 months, it's portfolio return was 16.72%.

Performance
S&P 500

New Buys

Ticker	$ Bought
quanta svcs inc	243,485,000
carpenter technology corp	195,731,000
boston scientific corp	76,772,400
ishares tr	3,888,160
palantir technologies inc	3,526,560
alibaba group hldg ltd	1,100,960

New stocks bought by SANDS CAPITAL MANAGEMENT, LLC

Additions

Ticker	% Inc.
argenx se	2,046
carvana co	44.4
applovin corp	43.89
shopify inc	37.03
asml holding n v	26.61
ferrari n v	23.16
kaspi kz jsc	18.52
carlisle cos inc	13.91

Additions to existing portfolio by SANDS CAPITAL MANAGEMENT, LLC

Reductions

Ticker	% Reduced
atlassian corporation	-94.83
gallagher arthur j & co	-77.67
block inc	-48.89
servicenow inc	-38.33
linde plc	-29.81
taiwan semiconductor mfg ltd	-26.22
cadence design system inc	-24.07
irhythm technologies inc	-23.99

SANDS CAPITAL MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
venture global inc	-106,199,000
dexcom inc	-332,022,000
oracle corp	-263,253,000
monday com ltd	-22,509,300

SANDS CAPITAL MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

SANDS CAPITAL MANAGEMENT, LLC has about 29.3% of it's holdings in Technology sector.

Sector	%
Technology	29.3
Others	26.4
Communication Services	14
Consumer Cyclical	12.2
Industrials	7.6
Financial Services	6.2
Healthcare	4.2

Market Cap. Distribution

SANDS CAPITAL MANAGEMENT, LLC has about 71.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	35.9
LARGE-CAP	35.7
UNALLOCATED	26.4
MID-CAP	1.9

Stocks belong to which Index?

About 54% of the stocks held by SANDS CAPITAL MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	48.7
Others	46
RUSSELL 2000	5.3

Top 5 Winners (%)		%
GOOG	alphabet inc	28.1 %
ISRG	intuitive surgical inc	26.2 %
	klaviyo inc	15.9 %
GLOB	globant s a	13.3 %
CVNA	carvana co	9.9 %

Top 5 Winners ($)		$
GOOG	alphabet inc	339.4 M
TSM	taiwan semiconductor mfg ltd	197.8 M
ISRG	intuitive surgical inc	161.9 M
SHOP	shopify inc	101.6 M
CVNA	carvana co	92.6 M

Top 5 Losers (%)		%
DUOL	duolingo inc	-41.8 %
RBLX	roblox corp	-39.8 %
SE	sea ltd	-27.5 %
CPNG	coupang inc	-25.9 %
	figma inc	-25.7 %

Top 5 Losers ($)		$
NFLX	netflix inc	-277.4 M
SE	sea ltd	-265.6 M
AXON	axon enterprise inc	-228.4 M
DASH	doordash inc	-193.9 M
RBLX	roblox corp	-191.4 M

SANDS CAPITAL MANAGEMENT, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SANDS CAPITAL MANAGEMENT, LLC

SANDS CAPITAL MANAGEMENT, LLC has 66 stocks in it's portfolio. About 48.5% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for SANDS CAPITAL MANAGEMENT, LLC last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AJG	gallagher arthur j & co	0.19	244,255	63,210,800	reduced	-77.67

AMZN	amazon com inc	5.22	7,440,010	1,717,300,000	reduced	-11.58

APH	amphenol corp new	0.36	879,004	118,789,000	added	10.53

APP	applovin corp	3.00	1,463,350	986,035,000	added	43.89

ARGX	argenx se	0.91	356,870	300,110,000	added	2,046

ASML	asml holding n v	2.18	669,985	716,790,000	added	26.61

AVGO	broadcom inc	2.23	2,114,520	731,836,000	added	2.62

AXON	axon enterprise inc	2.78	1,609,440	914,047,000	added	11.58

BABA	alibaba group hldg ltd	0.00	7,511	1,100,960	new

BATRA	liberty media corp del	0.62	2,082,510	205,148,000	added	3.37

BLDR	builders firstsource inc	0.86	2,757,970	283,767,000	added	13.45

BSX	boston scientific corp	0.23	805,164	76,772,400	new

CDNS	cadence design system inc	0.24	252,008	78,772,700	reduced	-24.07

CPNG	coupang inc	0.74	10,319,700	243,441,000	reduced	-6.39

CRS	carpenter technology corp	0.60	621,684	195,731,000	new

CSL	carlisle cos inc	0.94	967,640	309,509,000	added	13.91

CVNA	carvana co	3.13	2,442,530	1,030,800,000	added	44.4

DASH	doordash inc	3.10	4,496,610	1,018,390,000	added	11.76

DDOG	datadog inc	0.63	1,513,800	205,862,000	reduced	-20.1

DUOL	duolingo inc	0.02	39,975	7,015,610	reduced	-16.15