Sands Capital Management: 13F holdings, Q2 2026
Quality compounder · SEC EDGAR filings (CIK 0001020066) · Explore on the interactive board
Sands Capital Management disclosed 71 US equity positions worth $26.9bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 13, 2026). Its largest position is NVDA at 10.4% of the reported book, followed by TSM, GOOGL. The top ten holdings are 47.6% of the book, and the portfolio behaves like about 27 equal-weight positions. Versus the prior filing it opened 13 new positions, added to 14, reduced 42 and exited 9.
What does Sands Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 13 new, 14 added, 42 reduced, 9 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 10.4% | $2.8bn | 14,059,454 | -22% | reduced |
| 2 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 7.0% | $1.9bn | 3,925,440 | -33% | reduced |
| 3 | GOOGL ALPHABET INC | Communication Services | 6.5% | $1.7bn | 4,893,397 | -5% | reduced |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 4.3% | $1.2bn | 4,861,223 | -28% | reduced |
| 5 | ASML ASML HLDG NV | Technology | 3.9% | $1.1bn | 533,693 | -17% | reduced |
| 6 | BE BLOOM ENERGY CORP | Industrials | 3.3% | $885.9m | 2,926,558 | 65% | added |
| 7 | AXON AXON ENTERPRISE INC | Industrials | 3.1% | $830.2m | 1,480,817 | -5% | reduced |
| 8 | SHOP SHOPIFY INC | Technology | 3.1% | $826.9m | 7,242,079 | -19% | reduced |
| 9 | V VISA INC | Financial Services | 3.0% | $815.6m | 2,377,099 | -14% | reduced |
| 10 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 3.0% | $808.6m | 1,761,206 | -2% | reduced |
| 11 | NET CLOUDFLARE INC | Technology | 3.0% | $794.6m | 3,239,504 | -12% | reduced |
| 12 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 2.6% | $695.5m | 720,741 | 36% | added |
| 13 | MELI MERCADOLIBRE INC | Consumer Cyclical | 2.4% | $642.0m | 378,208 | -20% | reduced |
| 14 | MU MICRON TECHNOLOGY INC | Technology | 2.3% | $608.1m | 526,810 | – | new |
| 15 | CVNA CARVANA CO | Consumer Cyclical | 2.1% | $557.0m | 8,462,945 | 300% | added |
| 16 | META META PLATFORMS INC | Communication Services | 2.0% | $546.3m | 969,879 | -24% | reduced |
| 17 | PWR QUANTA SVCS INC | Industrials | 2.0% | $540.4m | 750,479 | 20% | added |
| 18 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 1.9% | $499.3m | 4,055,771 | -7% | reduced |
| 19 | ISRG INTUITIVE SURGICAL INC | Healthcare | 1.8% | $498.1m | 1,252,424 | -5% | reduced |
| 20 | LRCX LAM RESEARCH CORP | Technology | 1.8% | $491.4m | 1,133,965 | 50% | added |
| 21 | MSFT MICROSOFT CORP | Technology | 1.8% | $488.4m | 1,309,230 | -14% | reduced |
| 22 | CRS CARPENTER TECHNOLOGY CORP | Industrials | 1.8% | $484.9m | 786,150 | -5% | reduced |
| 23 | DASH DOORDASH INC | Consumer Cyclical | 1.6% | $429.2m | 2,325,795 | -41% | reduced |
| 24 | APP APPLOVIN CORP | Communication Services | 1.6% | $428.5m | 831,697 | -14% | reduced |
| 25 | XYZ BLOCK INC | Technology | 1.6% | $428.1m | 5,632,505 | 2% | added |
| 26 | AVGO BROADCOM INC | Technology | 1.6% | $425.7m | 1,126,912 | -20% | reduced |
| 27 | AMD ADVANCED MICRO DEVICES INC | Technology | 1.5% | $390.7m | 672,555 | – | new |
| 28 | SPACE EXPLORATION TECHN CORP | 1.4% | $389.0m | 2,276,744 | – | new | |
| 29 | NFLX NETFLIX INC. | Communication Services | 1.4% | $381.0m | 5,336,614 | -43% | reduced |
| 30 | IOT SAMSARA INC | Technology | 1.4% | $368.0m | 11,348,732 | -28% | reduced |
| 31 | SNDK SANDISK CORP | Technology | 1.3% | $348.1m | 153,093 | – | new |
| 32 | CSL CARLISLE COS INC | Industrials | 1.1% | $290.2m | 799,872 | -13% | reduced |
| 33 | SE SEA LTD | Consumer Cyclical | 1.1% | $287.3m | 2,998,337 | -37% | reduced |
| 34 | ARGX ARGENX SE | Healthcare | 1.0% | $277.0m | 298,599 | -12% | reduced |
| 35 | ON HLDG AG | 1.0% | $265.1m | 7,485,043 | 18% | added | |
| 36 | DDOG DATADOG INC | Technology | 1.0% | $260.3m | 999,799 | -29% | reduced |
| 37 | SPHR SPHERE ENTERTAINMENT CO | Communication Services | 0.9% | $235.0m | 1,358,321 | – | new |
| 38 | ARM ARM HOLDINGS PLC | Technology | 0.8% | $227.9m | 642,829 | – | new |
| 39 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.8% | $204.3m | 2,283,236 | -13% | reduced |
| 40 | NU NU HLDGS LTD | Financial Services | 0.6% | $166.7m | 12,475,806 | -64% | reduced |
| 41 | LIBERTY MEDIA CORP DEL | 0.5% | $143.6m | 1,509,193 | -3% | reduced | |
| 42 | MCK MCKESSON CORP | Healthcare | 0.5% | $138.7m | 183,535 | -9% | reduced |
| 43 | APH AMPHENOL CORP | Technology | 0.5% | $134.7m | 763,951 | -5% | reduced |
| 44 | KASPI KZ JSC | 0.5% | $132.6m | 1,531,017 | -3% | reduced | |
| 45 | CPNG COUPANG INC | Consumer Cyclical | 0.5% | $131.3m | 7,559,132 | -18% | reduced |
| 46 | TDG TRANSDIGM GROUP INC | Industrials | 0.4% | $119.4m | 89,669 | -5% | reduced |
| 47 | RARE ULTRAGENYX PHARMACEUTICAL IN | Healthcare | 0.4% | $105.5m | 3,158,368 | -2% | reduced |
| 48 | RACE FERRARI N V | Consumer Cyclical | 0.4% | $104.3m | 280,101 | -3% | reduced |
| 49 | WCN WASTE CONNECTIONS INC | Industrials | 0.4% | $101.6m | 609,721 | -4% | reduced |
| 50 | WWD WOODWARD INC | Industrials | 0.2% | $65.4m | 153,660 | – | new |
What did Sands Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| FLUTTER ENTMT PLC | 33.1% | $202.8m |
| TTEK TETRA TECH INC NEW | 32.7% | $200.6m |
| RBLX ROBLOX CORP | 25.2% | $154.2m |
| BSX BOSTON SCIENTIFIC CORP | 7.5% | $46.2m |
| FIG FIGMA INC | 0.6% | $4.0m |
| NOW SERVICENOW INC | 0.5% | $3.3m |
| TEAM ATLASSIAN CORPORATION | 0.2% | $974.7k |
| SNOW SNOWFLAKE INC | 0.1% | $630.1k |
| ANET ARISTA NETWORKS INC | 0.1% | $331.3k |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 45.8% |
| Communication Services | 15.4% |
| Industrials | 13.1% |
| Consumer Cyclical | 12.3% |
| Financial Services | 5.6% |
| Healthcare | 4.0% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 71 | $26.9bn |
| Q1 2026 | 67 | $25.5bn |
| Q4 2025 | 66 | $32.9bn |
| Q3 2025 | 64 | $36.2bn |
| Q2 2025 | 66 | $34.8bn |
| Q1 2025 | 75 | $29.4bn |
| Q4 2024 | 71 | $33.8bn |
| Q3 2024 | 67 | $32.9bn |
| Q2 2024 | 66 | $34.0bn |
| Q1 2024 | 76 | $35.8bn |
| Q4 2023 | 74 | $32.9bn |
| Q3 2023 | 75 | $29.4bn |
| Q2 2023 | 66 | $32.2bn |
| Q1 2023 | 66 | $30.4bn |
| Q4 2022 | 67 | $26.5bn |
| Q3 2022 | 67 | $26.6bn |
Earliest filing: Q1 1999 · 106 quarters on file
How concentrated is Sands Capital Management's portfolio?
Across every quarter Sands Capital Management has filed, its median largest position is 8.6% of the book and its median top-ten weight is 55.5%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 530 completed holding spells, the median lasted 5.0 quarters; 71 positions are still open and their final length is unknown.