Latest SANDS CAPITAL MANAGEMENT, LLC Stock Portfolio

SANDS CAPITAL MANAGEMENT, LLC Performance:

2025 Q3: 1.44%YTD: 14.32%2024: 19.99%

Performance for 2025 Q3 is 1.44%, and YTD is 14.32%, and 2024 is 19.99%.

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

SANDS CAPITAL MANAGEMENT, LLC is a hedge fund based in ARLINGTON, VA. On 29-Sep-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $38.9 Billions. In it's latest 13F Holdings report, SANDS CAPITAL MANAGEMENT, LLC reported an equity portfolio of $36.2 Billions as of 30 Sep, 2025.

The top stock holdings of SANDS CAPITAL MANAGEMENT, LLC are NVDA, TSM, AMZN. The fund has invested 10.7% of it's portfolio in NVIDIA CORPORATION and 7.1% of portfolio in TAIWAN SEMICONDUCTOR MFG LTD.

The fund managers got completely rid off REPLIGEN CORP (RGEN), ALPHABET INC (GOOG) and CHARTER COMMUNICATIONS INC N (CHTR) stocks. They significantly reduced their stock positions in DEXCOM INC (DXCM), GRAB HOLDINGS LIMITED and DATADOG INC (DDOG). SANDS CAPITAL MANAGEMENT, LLC opened new stock positions in ORACLE CORP (ORCL), DUOLINGO INC (DUOL) and ARGENX SE. The fund showed a lot of confidence in some stocks as they added substantially to BUILDERS FIRSTSOURCE INC (BLDR), HDFC BANK LTD (HDB) and CARLISLE COS INC (CSL).

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

Our best estimate is that SANDS CAPITAL MANAGEMENT, LLC made a return of 1.44% in the last quarter. In trailing 12 months, it's portfolio return was 23.49%.

New Buys

Ticker	$ Bought
oracle corp	263,253,000
duolingo inc	15,342,800
argenx se	12,261,900
figma inc	11,761,600

New stocks bought by SANDS CAPITAL MANAGEMENT, LLC

Additions

Ticker	% Inc.
builders firstsource inc	139
hdfc bank ltd	114
carlisle cos inc	99.25
carvana co	87.69
intuitive surgical inc	77.03
alphabet inc	54.61
sap se	52.14
on hldg ag	46.7

Additions to existing portfolio by SANDS CAPITAL MANAGEMENT, LLC

Reductions

Ticker	% Reduced
dexcom inc	-50.4
grab holdings limited	-33.41
datadog inc	-31.65
irhythm technologies inc	-23.3
cloudflare inc	-22.73
doordash inc	-16.04
amphenol corp new	-15.41
sea ltd	-14.00

SANDS CAPITAL MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
repligen corp	-155,610,000
alphabet inc	-107,034,000
okta inc	-30,042,700
charter communications inc n	-99,108,600
icon plc	-13,315,900
crowdstrike hldgs inc	-22,929,600

SANDS CAPITAL MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

SANDS CAPITAL MANAGEMENT, LLC has about 32.4% of it's holdings in Technology sector.

Sector	%
Technology	32.4
Others	24.6
Communication Services	14.1
Consumer Cyclical	11.1
Financial Services	7.4
Industrials	6
Healthcare	4.3

Market Cap. Distribution

SANDS CAPITAL MANAGEMENT, LLC has about 72.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	36.7
MEGA-CAP	36.1
UNALLOCATED	25.8
MID-CAP	1.4

Stocks belong to which Index?

About 53.6% of the stocks held by SANDS CAPITAL MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	50.2
Others	46.4
RUSSELL 2000	3.4

Top 5 Winners (%)		%
APP	applovin corp	70.1 %
RBLX	roblox corp	31.7 %
APH	amphenol corp new	25.3 %
GOOG	alphabet inc	21.6 %
NVDA	nvidia corporation	18.1 %

Top 5 Winners ($)		$
NVDA	nvidia corporation	616.3 M
APP	applovin corp	301.2 M
GOOG	alphabet inc	206.4 M
DASH	doordash inc	122.1 M
RBLX	roblox corp	119.5 M

Top 5 Losers (%)		%
DXCM	dexcom inc	-22.9 %
TEAM	atlassian corporation	-21.0 %
RARE	ultragenyx pharmaceutical in	-17.3 %
AXON	axon enterprise inc	-13.3 %
TDG	transdigm group inc	-12.5 %

Top 5 Losers ($)		$
DXCM	dexcom inc	-199.0 M
AXON	axon enterprise inc	-177.7 M
NFLX	netflix inc	-158.7 M
NOW	servicenow inc	-151.8 M
MELI	mercadolibre inc	-142.1 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 64 stocks in it's portfolio. About 47.2% of the portfolio is in top 10 stocks. DXCM proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for SANDS CAPITAL MANAGEMENT, LLC last quarter.

Last Reported on: 13 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AJG	gallagher arthur j & co	0.94	1,094,070	338,877,000	reduced	-2.42

AMZN	amazon com inc	5.10	8,414,000	1,847,460,000	reduced	-8.84

APH	amphenol corp new	0.27	795,234	98,410,200	reduced	-15.41

APP	applovin corp	2.02	1,016,960	730,726,000	added	24.42

AVGO	broadcom inc	1.88	2,060,620	679,820,000	added	11.79

AXON	axon enterprise inc	2.86	1,442,340	1,035,080,000	reduced	-10.49

BATRA	liberty media corp del	0.58	2,014,630	210,428,000	added	5.42

BLDR	builders firstsource inc	0.81	2,430,900	294,747,000	added	139

CDNS	cadence design system inc	0.32	331,887	116,579,000	added	7.69

CHTR	charter communications inc n	0.00	0.00	0.00	sold off	-100

CPNG	coupang inc	0.98	11,024,200	354,978,000	reduced	-8.13

CRWD	crowdstrike hldgs inc	0.00	0.00	0.00	sold off	-100

CSL	carlisle cos inc	0.77	849,501	279,452,000	added	99.25

CVNA	carvana co	1.76	1,691,520	638,107,000	added	87.69

DASH	doordash inc	3.02	4,023,290	1,094,290,000	reduced	-16.04

DDOG	datadog inc	0.74	1,894,680	269,802,000	reduced	-31.65

DUOL	duolingo inc	0.04	47,672	15,342,800	new

DXCM	dexcom inc	0.92	4,934,190	332,022,000	reduced	-50.4

GOOG	alphabet inc	3.20	4,771,100	1,159,850,000	added	54.61

GOOG	alphabet inc	0.00	0.00	0.00	sold off	-100