WhaleCreep

Sands Capital 13F holdings, Q4 2015

Long-only investorSEC filingsCompare with another fundHoldings as of 2015-12-31, filed 2016-02-12

Sands Capital disclosed 53 US equity positions worth $38.8bn in its Q4 2015 13F filing. Its largest position is V at 8.8% of the reported book, followed by META and REGN. Versus Q3 2015 it opened 5 new positions, added to 12, reduced 33 and exited 5.

$38.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
53
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.8%
Largest position
The largest single position as a share of the reported equity book.
49.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
27
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 Q3 2015: 5 new, 12 added, 33 reduced, 5 exited

50 of 53
V VISA INCFinancial Services8.8%$3.4bn44.28m−4.3%reduced
META META PLATFORMS INCCommunication Services6.5%$2.5bn24.02m−4.2%reduced
REGN REGENERON PHARMACEUTICALSHealthcare5.2%$2.0bn3.70m−11%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical4.8%$1.9bn23.07m−1.8%reduced
BIDU BAIDU INCCommunication Services4.7%$1.8bn9.63m−11%reduced
CRM SALESFORCE INCTechnology4.5%$1.8bn22.37m−5.7%reduced
GOOGL ALPHABET INCCommunication Services3.9%$1.5bn1.97m–new
LINKEDIN CORP no ticker–3.8%$1.5bn6.60m−6.9%reduced
AMZN AMAZON COM INCConsumer Cyclical3.7%$1.4bn2.11m+21%added
PRICELINE GRP INC no ticker–3.6%$1.4bn1.10m−6.9%reduced
SCHW SCHWAB CHARLES CORPFinancial Services3.3%$1.3bn39.17m−6.8%reduced
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare3.1%$1.2bn11.64m+2.1%added
ILMN ILLUMINA INCHealthcare3.0%$1.2bn6.09m+41%added
MONSANTO CO NEW no ticker–3.0%$1.2bn11.85m−4.0%reduced
ALXN ALEXION PHARMACEUTICALS INC–3.0%$1.2bn6.06m−5.1%reduced
BIIB BIOGEN INCHealthcare2.7%$1.0bn3.37m−18%reduced
ADBE ADOBE INCTechnology2.6%$1.0bn10.72m−4.2%reduced
EW EDWARDS LIFESCIENCES CORPHealthcare2.2%$863m10.92m+724%added
NFLX NETFLIX INC.Communication Services2.2%$852m7.45m–new
CERNCHF CERNER CORP–2.1%$811m13.48m−8.1%reduced
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical1.9%$749m1.56m+5.2%added
GOOG ALPHABET INCCommunication Services1.8%$684m901,625–new
1885807D ATHENAHEALTH INC–1.7%$671m4.17m−5.3%reduced
UAA UNDER ARMOUR INCConsumer Cyclical1.7%$653m8.10m+606%added
SPLKCHF SPLUNK INC–1.6%$615m10.46m−4.5%reduced
SLB SLB LIMITEDEnergy1.5%$580m8.31m−5.2%reduced
PANW PALO ALTO NETWORKS INCTechnology1.4%$531m3.02m−3.7%reduced
MOBILEYE N V AMSTELVEEN no ticker–1.3%$517m12.22m+4.6%added
LCEUR LENDINGCLUB CORP–1.3%$487m44.04m+9.7%added
INCY INCYTE CORPHealthcare1.2%$479m4.42m–new
WDAY WORKDAY INCTechnology1.2%$458m5.75m−7.3%reduced
FMC TECHNOLOGIES INC no ticker–1.0%$403m13.90m−21%reduced
ASML ASML HLDG NVTechnology1.0%$374m4.22m−61%reduced
NKE NIKE INCConsumer Cyclical0.9%$363m5.81m−36%reduced
MDSOEUR MEDIDATA SOLUTIONS INC–0.7%$269m5.47m−0.6%reduced
WHOLE FOODS MKT INC no ticker–0.7%$257m7.66m−61%reduced
LVS LAS VEGAS SANDS CORPConsumer Cyclical0.6%$240m5.47m0.0%held
KSUEUR KANSAS CITY SOUTHERN–0.5%$211m2.83m−0.1%held
MELI MERCADOLIBREConsumer Cyclical0.4%$163m1.42m−17%reduced
INDA ISHARES TR–0.4%$141m5.13m+10.0%added
ARM HLDGS PLC no ticker–0.06%$24.6m543,740−95%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.06%$24.4m1.07m+575%added
BAP CREDICORP LTDFinancial Services0.05%$17.9m184,261+35%added
SPY SPDR S&P 500 ETF Trust–0.05%$17.7m87,000−63%reduced
GWRE GUIDEWIRE SOFTWARE INCTechnology0.04%$14.7m244,235−4.5%reduced
N2EUR NETSUITE INC–0.03%$11.5m135,525−3.9%reduced
IWF ISHARES TR–0.03%$11.4m114,340+4198%added
CSGP COSTAR GROUP INCReal Estate0.03%$9.8m47,640−4.6%reduced
IPGP IPG PHOTONICS CORPTechnology0.02%$7.4m83,400−34%reduced
AKX ANSYS INC–0.02%$7.0m75,545−4.4%reduced

Exited since Q3 2015

5 rows
GOOGLE INC no ticker3.7%$1.3bn
GOOGLE INC no ticker1.7%$626m
QUNAR CAYMAN IS LTD no ticker0.07%$26.7m
TWENTY FIRST CENTY FOX INC no ticker0.01%$4.8m
TRIP TRIPADVISOR INC0.01%$4.5m

Sector mix

  • Unclassified24.9%
  • Communication Services19.1%
  • Healthcare17.4%
  • Consumer Cyclical14.1%
  • Financial Services12.2%
  • Technology10.7%
  • Energy1.5%
  • Real Estate0.03%

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