WhaleCreep

Sands Capital 13F holdings, Q2 2018

Long-only investorSEC filingsCompare with another fundHoldings as of 2018-06-30, filed 2018-08-14

Sands Capital disclosed 66 US equity positions worth $34.9bn in its Q2 2018 13F filing. Its largest position is AMZN at 8.5% of the reported book, followed by BABA and V. Versus Q1 2018 it opened 3 new positions, added to 27, reduced 32 and exited 4.

$34.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
66
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.5%
Largest position
The largest single position as a share of the reported equity book.
53.1%
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 Q1 2018: 3 new, 27 added, 32 reduced, 4 exited

50 of 66
AMZN AMAZON COM INCConsumer Cyclical8.5%$3.0bn1.74m−4.8%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical7.8%$2.7bn14.61m−2.8%reduced
V VISA INCFinancial Services7.1%$2.5bn18.62m−4.5%reduced
NFLX NETFLIX INC.Communication Services6.3%$2.2bn5.66m−11%reduced
META META PLATFORMS INCCommunication Services4.8%$1.7bn8.68m−15%reduced
GOOGL ALPHABET INCCommunication Services4.4%$1.5bn1.36m+8.2%added
CRM SALESFORCE INCTechnology3.7%$1.3bn9.53m−21%reduced
BKNG BOOKING HOLDINGS INCConsumer Cyclical3.6%$1.3bn625,406−5.1%reduced
NOW SERVICENOW INCTechnology3.5%$1.2bn7.09m−4.2%reduced
ILMN ILLUMINA INCHealthcare3.4%$1.2bn4.27m−4.3%reduced
SCHW SCHWAB CHARLES CORPFinancial Services3.4%$1.2bn22.90m−4.1%reduced
ADBE ADOBE INCTechnology3.2%$1.1bn4.62m−5.4%reduced
ALGN ALIGN TECHNOLOGY INCHealthcare3.0%$1.0bn3.06m+13%added
EW EDWARDS LIFESCIENCES CORPHealthcare2.9%$1.0bn6.92m+6.1%added
WDAY WORKDAY INCTechnology2.4%$837m6.91m+39%added
REGN REGENERON PHARMACEUTICALSHealthcare2.3%$795m2.31m−4.1%reduced
PANW PALO ALTO NETWORKS INCTechnology2.1%$728m3.54m−5.5%reduced
ASML ASML HLDG NVTechnology1.9%$677m3.42m−1.8%reduced
NKE NIKE INCConsumer Cyclical1.9%$667m8.37m−1.8%reduced
MNST MONSTER BEVERAGE CORP NEWConsumer Defensive1.9%$666m11.62m+1.5%added
BIDU BAIDU INCCommunication Services1.9%$663m2.73m−61%reduced
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare1.9%$653m6.93m−4.4%reduced
CSGP COSTAR GROUP INCReal Estate1.7%$606m1.47m+6.2%added
SPLKCHF SPLUNK INC–1.6%$543m5.48m−5.2%reduced
SBUX STARBUCKS CORPConsumer Cyclical1.5%$528m10.82m−3.8%reduced
SHOP SHOPIFY INCTechnology1.2%$429m2.94m−13%reduced
ATVIEUR ACTIVISION BLIZZARD INC–1.2%$429m5.62m−6.2%reduced
GOOG ALPHABET INCCommunication Services1.2%$404m362,078−2.7%reduced
ALXN ALEXION PHARMACEUTICALS INC–1.1%$400m3.22m−6.3%reduced
LVS LAS VEGAS SANDS CORPConsumer Cyclical1.0%$355m4.65m−1.9%reduced
LOXO ONCOLOGY INC no ticker–1.0%$348m2.01m−5.7%reduced
INCY INCYTE CORPHealthcare0.9%$320m4.77m−51%reduced
TEAM ATLASSIAN CORP PLCTechnology0.9%$298m4.77m–new
MDSOEUR MEDIDATA SOLUTIONS INC–0.8%$262m3.26m−2.0%reduced
FND FLOOR & DECOR HLDGS INCConsumer Cyclical0.7%$238m4.82m–new
LKFT LAKEFRONT BIOTHERAPEUTICS NVHealthcare0.5%$170m1.84m−1.9%reduced
NBIS NEBIUS GROUP N.V.Communication Services0.4%$139m3.86m+3.8%added
CTRPUSD CTRIP COM INTL LTD–0.4%$128m2.68m+4.2%added
INDA ISHARES TR–0.4%$126m3.79m−3.3%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.3%$90.1m2.47m+2.4%added
MAKEMYTRIP LIMITED MAURITIUS no ticker–0.2%$78.9m2.18m+2.8%added
MELI MERCADOLIBREConsumer Cyclical0.2%$75.1m251,273+3.8%added
BAP CREDICORP LTDFinancial Services0.1%$49.8m221,280+3.6%added
ASR GRUPO AEROPORTUARIO DEL SUREIndustrials0.1%$47.6m299,227+45%added
SE SEA LTDConsumer Cyclical0.1%$38.3m2.55m+3.6%added
HDB HDFC BANK LTDFinancial Services0.09%$30.2m288,031+11%added
DOCU DOCUSIGN INCTechnology0.06%$21.5m406,923–new
AMT AMERICAN TOWER CORPReal Estate0.06%$20.2m139,813−1.0%reduced
TDG TRANSDIGM GROUP INCIndustrials0.05%$17.3m50,142−6.6%reduced
ZTS ZOETIS INCHealthcare0.04%$15.3m179,135+3.9%added

Exited since Q1 2018

4 rows
MULEUSD MULESOFT INC0.05%$16.2m
NETSHOES CAYMAN LTD no ticker0.02%$7.9m
ALLERGAN PLC no ticker0.02%$7.6m
CELG CELGENE CORP0.02%$5.9m

Sector mix

  • Consumer Cyclical25.4%
  • Technology19.4%
  • Communication Services19.0%
  • Healthcare14.9%
  • Financial Services10.7%
  • Unclassified6.7%
  • Consumer Defensive2.0%
  • Real Estate1.8%
  • Industrials0.2%

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