Sands Capital Management 13F holdings, Q1 2026
Holdings as of March 31, 2026 · filings on SEC EDGAR · latest filing →
Sands Capital Management disclosed 67 US equity positions worth $25.5bn in its Q1 2026 13F filing. The largest position was NVDA at 12.4% of the reported book, followed by TSM and GOOGL. Against the Q4 2025 filing, it opened 4 new positions, added to 6 and reduced 40 among the top 50 holdings.
What did Sands Capital Management own in Q1 2026? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 12.4% | $3.2bn | 18,085,742 | -10% | reduced |
| 2 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 7.8% | $2.0bn | 5,862,685 | -14% | reduced |
| 3 | GOOGL ALPHABET INC | Communication Services | 5.8% | $1.5bn | 5,124,494 | 4% | added |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 5.5% | $1.4bn | 6,719,055 | -10% | reduced |
| 5 | SHOP SHOPIFY INC | Technology | 4.2% | $1.1bn | 8,935,666 | -6% | reduced |
| 6 | NFLX NETFLIX INC. | Communication Services | 3.6% | $905.2m | 9,414,668 | -6% | reduced |
| 7 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 3.4% | $870.0m | 1,794,226 | 22% | added |
| 8 | ASML ASML HLDG NV | Technology | 3.3% | $845.1m | 639,833 | -5% | reduced |
| 9 | V VISA INC | Financial Services | 3.3% | $837.3m | 2,770,431 | -10% | reduced |
| 10 | MELI MERCADOLIBRE INC | Consumer Cyclical | 3.2% | $822.1m | 475,455 | -7% | reduced |
| 11 | NET CLOUDFLARE INC | Technology | 3.0% | $755.6m | 3,661,749 | -2% | reduced |
| 12 | META META PLATFORMS INC | Communication Services | 2.9% | $731.8m | 1,279,121 | 2% | added |
| 13 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 2.7% | $689.6m | 4,384,298 | -20% | reduced |
| 14 | CVNA CARVANA CO | Consumer Cyclical | 2.6% | $665.6m | 2,117,248 | -13% | reduced |
| 15 | AXON AXON ENTERPRISE INC | Industrials | 2.6% | $664.4m | 1,564,504 | -3% | reduced |
| 16 | ISRG INTUITIVE SURGICAL INC | Healthcare | 2.4% | $609.1m | 1,321,274 | -4% | reduced |
| 17 | DASH DOORDASH INC | Consumer Cyclical | 2.3% | $594.2m | 3,957,060 | -12% | reduced |
| 18 | MSFT MICROSOFT CORP | Technology | 2.2% | $566.4m | 1,530,124 | -38% | reduced |
| 19 | IOT SAMSARA INC | Technology | 1.9% | $496.2m | 15,657,744 | -18% | reduced |
| 20 | NU NU HLDGS LTD | Financial Services | 1.9% | $493.5m | 34,342,221 | -23% | reduced |
| 21 | AVGO BROADCOM INC | Technology | 1.7% | $434.2m | 1,402,835 | -34% | reduced |
| 22 | SE SEA LTD | Consumer Cyclical | 1.5% | $391.6m | 4,728,550 | -14% | reduced |
| 23 | APP APPLOVIN CORP | Communication Services | 1.5% | $386.7m | 971,561 | -34% | reduced |
| 24 | PWR QUANTA SVCS INC | Industrials | 1.3% | $343.9m | 626,348 | 9% | added |
| 25 | XYZ BLOCK INC | Technology | 1.3% | $331.6m | 5,510,835 | -7% | reduced |
| 26 | CRS CARPENTER TECHNOLOGY CORP | Industrials | 1.3% | $324.5m | 823,277 | 32% | added |
| 27 | CSL CARLISLE COS INC | Industrials | 1.2% | $306.8m | 919,614 | -5% | reduced |
| 28 | ARGX ARGENX SE | Healthcare | 1.0% | $248.5m | 340,285 | -5% | reduced |
| 29 | BE BLOOM ENERGY CORP | Industrials | 0.9% | $241.0m | 1,779,038 | – | new |
| 30 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.8% | $215.8m | 2,621,085 | -5% | reduced |
| 31 | ON HLDG AG | 0.8% | $215.2m | 6,325,547 | -5% | reduced | |
| 32 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 0.8% | $208.4m | 531,892 | – | new |
| 33 | FLUTTER ENTMT PLC | 0.8% | $202.8m | 1,988,830 | -5% | reduced | |
| 34 | TTEK TETRA TECH INC NEW | Industrials | 0.8% | $200.6m | 6,658,823 | -5% | reduced |
| 35 | MCK MCKESSON CORP | Healthcare | 0.7% | $174.2m | 201,283 | 16% | added |
| 36 | CPNG COUPANG INC | Consumer Cyclical | 0.7% | $173.2m | 9,172,187 | -11% | reduced |
| 37 | DDOG DATADOG INC | Technology | 0.7% | $166.0m | 1,406,366 | -7% | reduced |
| 38 | LRCX LAM RESEARCH CORP | Technology | 0.6% | $161.4m | 755,222 | – | new |
| 39 | RBLX ROBLOX CORP | Communication Services | 0.6% | $154.2m | 2,726,701 | -14% | reduced |
| 40 | LIBERTY MEDIA CORP DEL | 0.5% | $132.6m | 1,559,760 | -25% | reduced | |
| 41 | KASPI KZ JSC | 0.5% | $117.5m | 1,586,334 | -19% | reduced | |
| 42 | TDG TRANSDIGM GROUP INC | Industrials | 0.4% | $109.3m | 94,341 | -9% | reduced |
| 43 | WCN WASTE CONNECTIONS INC | Industrials | 0.4% | $103.1m | 634,903 | -34% | reduced |
| 44 | APH AMPHENOL CORP | Technology | 0.4% | $101.8m | 805,602 | -8% | reduced |
| 45 | RACE FERRARI N V | Consumer Cyclical | 0.4% | $97.4m | 287,709 | -7% | reduced |
| 46 | RARE ULTRAGENYX PHARMACEUTICAL IN | Healthcare | 0.3% | $67.3m | 3,214,533 | -8% | reduced |
| 47 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 0.2% | $46.2m | 736,109 | -9% | reduced |
| 48 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 0.2% | $41.3m | 4,970,779 | -19% | reduced |
| 49 | GRAB HOLDINGS LIMITED | 0.1% | $33.4m | 9,122,432 | -19% | reduced | |
| 50 | LLY ELI LILLY & CO | Healthcare | 0.1% | $30.2m | 32,887 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.