WhaleCreep

Sands Capital 13F holdings, Q1 2014

Long-only investorSEC filingsCompare with another fundHoldings as of 2014-03-31, filed 2014-05-14

Sands Capital disclosed 44 US equity positions worth $38.4bn in its Q1 2014 13F filing. Its largest position is V at 7.1% of the reported book, followed by GOOGLE INC and AMZN. Versus Q4 2013 it opened 5 new positions, added to 22, reduced 11 and exited 4.

$38.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.1%
Largest position
The largest single position as a share of the reported equity book.
50.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
106
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2013: 5 new, 22 added, 11 reduced, 4 exited

44 rows
V VISA INCFinancial Services7.1%$2.7bn12.63m+2.1%added
GOOGLE INC no ticker–7.0%$2.7bn2.41m−1.2%reduced
AMZN AMAZON COM INCConsumer Cyclical5.7%$2.2bn6.56m+1.9%added
BIDU BAIDU INCCommunication Services5.2%$2.0bn13.05m−0.4%held
META META PLATFORMS INCCommunication Services4.8%$1.9bn30.78m−8.4%reduced
PRICELINE GRP INC no ticker–4.7%$1.8bn1.51m−6.6%reduced
CRM SALESFORCE INCTechnology4.1%$1.6bn27.35m−30%reduced
SLB SLB LIMITEDEnergy3.9%$1.5bn15.35m+2.4%added
BIIB BIOGEN INCHealthcare3.9%$1.5bn4.87m+2.5%added
MONSANTO CO NEW no ticker–3.7%$1.4bn12.63m+25%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical3.5%$1.3bn2.34m+0.7%added
LVS LAS VEGAS SANDS CORPConsumer Cyclical3.3%$1.3bn15.76m+2.7%added
ASML ASML HLDG NVTechnology3.3%$1.3bn13.63m−15%reduced
REGN REGENERON PHARMACEUTICALSHealthcare3.1%$1.2bn4.01m+7.5%added
SCHW SCHWAB CHARLES CORPFinancial Services3.1%$1.2bn44.07m+3.4%added
NKE NIKE INCConsumer Cyclical3.1%$1.2bn15.99m+2.0%added
CERNCHF CERNER CORP–2.7%$1.0bn18.22m+2.0%added
ARM HLDGS PLC no ticker–2.7%$1.0bn20.09m+0.7%added
NOVEUR NATIONAL OILWELL VARCO INC–2.6%$1.0bn13.03m+2.1%added
SWN1EUR SOUTHWESTERN ENERGY CO–2.6%$1.0bn21.81m+0.7%added
LINKEDIN CORP no ticker–2.5%$966m5.22m+65%added
ISRG INTUITIVE SURGICAL INCHealthcare2.5%$960m2.19m+2.5%added
FMC TECHNOLOGIES INC no ticker–2.3%$868m16.60m+2.3%added
ALXN ALEXION PHARMACEUTICALS INC–2.1%$801m5.27m−29%reduced
SPLKCHF SPLUNK INC–1.9%$723m10.11m−0.5%reduced
1885807D ATHENAHEALTH INC–1.8%$672m4.19m+24%added
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare1.7%$664m9.74m−4.9%reduced
ULTA ULTA BEAUTY INCConsumer Cyclical1.4%$553m5.68m−23%reduced
SBUX STARBUCKS CORPConsumer Cyclical1.4%$530m7.22m+0.8%added
WDAY WORKDAY INCTechnology0.8%$304m3.32m–new
KSUEUR KANSAS CITY SOUTHERN–0.5%$182m1.79m–new
MELI MERCADOLIBREConsumer Cyclical0.3%$132m1.39m−40%reduced
EEM ISHARES TR–0.1%$56.0m1.37m–new
SPY SPDR S&P 500 ETF Trust–0.1%$44.9m240,000–new
NBIS NEBIUS GROUP N.V.Communication Services0.06%$24.1m799,635+103%added
E2OPEN INC no ticker–0.06%$22.5m953,185+25%added
N2EUR NETSUITE INC–0.06%$21.5m226,625−20%reduced
GWRE GUIDEWIRE SOFTWARE INCTechnology0.04%$17.1m348,995−0.3%held
IPGP IPG PHOTONICS CORPTechnology0.04%$16.7m235,540−0.4%held
SAP SAP SETechnology0.04%$15.1m185,285−0.3%held
MINDRAY MEDICAL INTL LTD no ticker–0.04%$14.0m433,390+6941%added
AKX ANSYS INC–0.03%$10.6m137,745−0.4%held
QUNAR CAYMAN IS LTD no ticker–0.02%$6.9m225,000–new
CSCO CISCO SYS INCTechnology0.0%$314k14,0000.0%held

Exited since Q4 2013

4 rows
FFIV F5 INC0.02%$6.3m
CONCUR TECHNOLOGIES INC no ticker0.01%$4.9m
IWF ISHARES TR0.0%$1.6m
TWTRUSD TWITTER INC0.0%$1.5m

Sector mix

  • Unclassified37.5%
  • Consumer Cyclical18.8%
  • Healthcare11.3%
  • Financial Services10.2%
  • Communication Services10.1%
  • Technology8.3%
  • Energy3.9%

Book over time

Every quarter on file (106)
QuarterPositionsEquity book
Q2 202671$26.9bn
Q1 202667$25.5bn
Q4 202566$32.9bn
Q3 202564$36.2bn
Q2 202566$34.8bn
Q1 202575$29.4bn
Q4 202471$33.8bn
Q3 202467$32.9bn
Q2 202466$34.0bn
Q1 202476$35.8bn
Q4 202374$32.9bn
Q3 202375$29.4bn
Q2 202366$32.2bn
Q1 202366$30.4bn
Q4 202267$26.5bn
Q3 202267$26.6bn
Q2 202269$28.9bn
Q1 202268$43.5bn
Q4 202171$53.9bn
Q3 202171$60.0bn
Q2 202177$59.0bn
Q1 202175$51.7bn
Q4 202076$52.7bn
Q3 202077$46.2bn
Q2 202077$41.3bn
Q1 202076$30.0bn
Q4 201975$34.4bn
Q3 201978$31.1bn
Q2 201979$33.6bn
Q1 201971$32.4bn
Q4 201871$28.0bn
Q3 201868$35.4bn
Q2 201866$34.9bn
Q1 201867$33.8bn
Q4 201768$33.0bn
Q3 201770$33.4bn
Q2 201769$33.3bn
Q1 201767$31.8bn
Q4 201653$28.7bn
Q3 201651$34.0bn
Q2 201652$32.4bn
Q1 201651$33.9bn
Q4 201553$38.8bn
Q3 201553$35.8bn
Q2 201551$40.7bn
Q1 201549$42.0bn
Q4 201454$42.0bn
Q3 201451$40.2bn
Q2 201449$39.7bn
Q1 201444$38.4bn
Q4 201343$38.2bn
Q3 201342$35.8bn
Q2 201339$29.7bn
Q1 201329$24.7bn
Q4 201231$22.5bn
Q3 201233$21.9bn
Q2 201233$19.3bn
Q1 201235$19.4bn
Q4 201148$15.1bn
Q3 201150$13.0bn
Q2 201149$14.9bn
Q1 201152$14.4bn
Q4 201051$14.0bn
Q3 201045$11.9bn
Q2 201045$10.1bn
Q1 201045$11.5bn
Q4 200947$11.8bn
Q3 200945$11.0bn
Q2 200942$9.5bn
Q1 200940$8.1bn
Q4 200836$6.2bn
Q3 200836$9.3bn
Q2 200838$12.6bn
Q1 200838$11.4bn
Q4 200749$15.1bn
Q1 200751$13.6bn
Q2 200635$11.5bn
Q1 200637$12.7bn
Q4 200543$12.8bn
Q3 200543$11.4bn
Q2 200544$9.2bn
Q1 200540$8.2bn
Q4 200444$11.0bn
Q3 200483$8.5bn
Q2 200440$8.3bn
Q1 200445$6.7bn
Q4 200342$5.3bn
Q3 200338$4.1bn
Q2 200341$2.5bn
Q1 200337$2.0bn
Q4 200238$1.8bn
Q3 200240$1.4bn
Q2 200239$1.3bn
Q1 200235$1.4bn
Q4 200139$1.4bn
Q3 200136$1.0bn
Q2 200137$1.3bn
Q1 200135$1.1bn
Q4 200039$878m
Q3 200042$962m
Q2 200033$917m
Q1 200035$919m
Q4 199933$648m
Q3 199929$533m
Q2 199930$440m
Q1 199925$342m

Where Sands Capital was early

67 rows
ADP Auto Data ProcessingQ2 19991 of 1482.2%5.1%14Exited by Q4 2002−21%
PFE PfizerQ2 19991 of 2080.09%7.2%22Exited by Q4 2004−16%
MDT MedtronicQ1 20001 of 1730.04%5.6%20Exited by Q1 2005−3.4%
TXN TEXAS INSTRS INCQ1 200017 of 2020.03%1.6%36Exited by Q1 2025+134%
NOK Nokia Corp SPONQ3 20001 of 1673.9%5.4%10Exited by Q1 2003−62%
EBAY EBAY INCQ4 20002 of 1861.1%12.4%24Exited by Q4 2007+302%
TROW PRICE T ROWE GROUP INCQ1 20011 of 1201.8%1.9%27Exited by Q4 2008+243%
KSS KOHLS CORPQ2 20011 of 1660.3%4.4%19Exited by Q1 2006−23%
COF CAPITAL ONE FINL CORPQ2 20012 of 2270.1%8.7%20Exited by Q2 2006+34%
SBUX STARBUCKS CORPQ3 20011 of 2170.02%7.8%28Exited by Q2 2019+1890%
AMGN AMGEN INCQ3 20012 of 1660.02%5.4%19Exited by Q2 2006+24%
LOW LOWES COS INCQ4 20011 of 2090.1%7.7%21Exited by Q1 2008−2.5%
QCOM QUALCOMM INCQ4 20013 of 2461.8%7.9%40Exited by Q4 2013+167%
SEIC SEI InvestmentQ2 20021 of 881.6%2.0%6Exited by Q4 2003+16%
MCO MOODY'S CORPQ2 20025 of 1761.6%6.3%39Exited by Q3 2020+1004%
SYK STRYKERQ1 20032 of 1501.5%3.8%26Exited by Q3 2010+46%
TEVA TEVA PHARMACEUTICAL INDS LTDQ4 20033 of 1820.01%7.0%13Exited by Q1 2008+64%
ZBH ZIMMER HLDGS INCQ2 20042 of 1440.0%3.5%11Exited by Q1 2008−25%
GWW WW GRAINGER INCQ3 20042 of 1200.01%3.2%12Exited by Q4 2012+261%
AMZN AMAZON COM INCQ3 20044 of 3780.01%10.3%69Held at last filing, Q2 2026+11566%
AAPL APPLE INCQ1 20056 of 2750.0%11.0%36Held at last filing, Q2 2026+19343%
EXPD EXPEDITORS INTL WASH INCQ1 20063 of 1200.0%3.4%6Exited by Q4 2008−19%
ADBE ADOBE INCQ1 200616 of 2750.0%3.3%38Exited by Q2 2024+1344%
SLB SCHLUMBERGER LTDQ2 20063 of 2114.4%9.0%40Exited by Q2 2017+20%
V VISA INCQ2 20087 of 2846.0%9.8%73Held at last filing, Q2 2026+1588%
FLIR FLIR SYSTEMS INCQ3 20093 of 801.7%1.8%11Exited by Q2 2012−9.5%
ILMN ILLUMINA INCQ3 20093 of 2150.7%4.8%39Exited by Q2 2024+223%
SCHW SCHWAB CHARLES CORPQ3 20095 of 2211.1%4.2%39Exited by Q3 2020+76%
EW EDWARDS LIFESCIENCES CORPQ3 20096 of 1490.02%5.2%49Exited by Q2 2025+1144%
TSM TAIWAN SEMICONDUCTOR MANUFACQ4 200930 of 3290.01%7.8%50Held at last filing, Q2 2026+4075%
1885807D ATHENAHEALTH INCQ1 20103 of 810.0%1.8%31Exited by Q4 2017+665%
ALXN ALEXION PHARMACEUTICALS INCQ2 20103 of 1470.0%5.0%35Exited by Q1 2019+154%
FFIV F5 NETWORKS INCQ3 20102 of 1411.4%3.7%14Exited by Q1 2014−12%
PXGBX PRAXAIR INCQ3 20105 of 682.3%3.6%12Exited by Q3 2013+28%
INCY INCYTE CORPQ4 20104 of 1560.01%3.0%20Exited by Q4 2019+348%
NFLX NETFLIX INC.Q4 20105 of 3011.8%6.9%50Held at last filing, Q2 2026+2745%
BIIB BIOGEN INCQ3 20118 of 1830.01%5.0%22Exited by Q1 2018+242%
BIDU BAIDU INCQ1 201215 of 2310.05%6.1%34Exited by Q4 2020−13%
META META PLATFORMS INCQ2 20122 of 3841.9%8.1%55Held at last filing, Q2 2026+1711%
ASML ASML HLDG NVQ4 20122 of 2344.2%5.9%55Held at last filing, Q2 2026+2990%
CMG CHIPOTLE MEXICAN GRILL INCQ4 20128 of 1853.0%3.7%21Exited by Q1 2018−2.8%
REGN REGENERON PHARMACEUTICALSQ2 20131 of 1712.4%5.4%30Exited by Q4 2020+149%
ULTA ULTA SALON COSMETCS AND FRAG IQ2 20133 of 1782.4%2.5%4Exited by Q2 2014−2.7%
ISRG INTUITIVE SURGICAL INCQ2 20135 of 1892.1%2.5%11Held at last filing, Q2 2026+607%
WDAY WORKDAY INCQ1 201411 of 2630.8%3.6%31Exited by Q4 2021+173%
BABA ALIBABA GROUP HLDG LTDQ3 201417 of 3771.5%8.2%33Held at last filing, Q2 2026+8.0%
CSGP COSTAR GROUP INCQ4 20145 of 1890.01%2.9%39Exited by Q3 2024+304%
PANW PALO ALTO NETWORKS INCQ2 201513 of 2421.0%2.1%23Held at last filing, Q2 2026+1071%
UAA UNDER ARMOUR INCQ3 20154 of 1400.3%2.2%9Exited by Q4 2017−66%
NOW SERVICENOW INCQ2 201611 of 2880.02%5.0%40Exited by Q2 2026+687%

Concentration and tenure

8.6%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
55.5%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters