Asset Manager · CIK 0001020066

Sands Capital Management

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Sands Capital Management, an asset manager overseeing $32.88B in disclosed equity holdings (SEC CIK 0001020066). The latest 13F filing (2025Q4) discloses 66 positions across 6 sectors, with the largest positions in NVDA, TSM and AMZN. On a mark-to-market basis the tracked portfolio has returned 12.0% over the past year. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track Sands's filingsView holdings
Portfolio
$32.88B
Positions
66
Quarter
2025Q4
Filings tracked
40
1Y+12.0%5Y-27.5%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$5.26B+$2.63B$0-$2.63B-$5.26B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
-$280M
Lifetime buys
$35.60B
Lifetime sells
$46.13B

Quarter activity

What changed in 2025Q4 — net new, added, trimmed, exited.
New positions6 names
  • PWRQUANTA SVCS INC
    +576,896
    $243.5M
  • CRSCARPENTER TECHNOLOGY CORP
    +621,684
    $195.7M
  • BSXBOSTON SCIENTIFIC CORP
    +805,164
    $76.8M
  • IWFISHARES TR
    +8,215
    $3.9M
  • PLTRPALANTIR TECHNOLOGIES INC
    +19,840
    $3.5M
  • BABAALIBABA GROUP HLDG LTD
    +7,511
    $1.1M
Added to22 names
  • NFLXNETFLIX INC
    +8,902,430
    $834.7M
  • SHOPSHOPIFY INC
    +2,568,765
    $413.5M
  • NOWSERVICENOW INC
    +2,596,637
    $397.8M
  • CVNACARVANA CO
    +751,019
    $316.9M
  • APPAPPLOVIN CORP
    +446,392
    $300.8M
  • ARGXARGENX SE
    +340,245
    $286.1M
  • ASMLASML HOLDING N V
    +140,821
    $150.7M
  • DASHDOORDASH INC
    +473,316
    $107.2M
  • AXONAXON ENTERPRISE INC
    +167,095
    $94.9M
  • SESEA LTD
    +617,846
    $78.8M
  • GOOGLALPHABET INC
    +167,952
    $52.6M
  • CSLCARLISLE COS INC
    +118,139
    $37.8M
  • + 10 more…
Trimmed36 names
  • TSMTAIWAN SEMICONDUCTOR MFG LTD
    −2,425,714
    $737.2M
  • TEAMATLASSIAN CORPORATION
    −2,505,196
    $406.2M
  • XYZBLOCK INC
    −5,673,174
    $369.3M
  • VVISA INC
    −936,904
    $328.6M
  • AMZNAMAZON COM INC
    −973,987
    $224.8M
  • AJGGALLAGHER ARTHUR J & CO
    −849,815
    $219.9M
  • MSFTMICROSOFT CORP
    −394,869
    $191.0M
  • NVDANVIDIA CORPORATION
    −785,256
    $146.5M
  • NUNU HLDGS LTD
    −6,138,267
    $102.8M
  • IRTCIRHYTHM TECHNOLOGIES INC
    −536,465
    $95.2M
  • METAMETA PLATFORMS INC
    −133,193
    $87.9M
  • DDOGDATADOG INC
    −380,880
    $51.8M
  • + 24 more…
Exited4 names
  • DXCMDEXCOM INC
    −4,934,189
    $332.0M
  • ORCLORACLE CORP
    −936,043
    $263.3M
  • VGVENTURE GLOBAL INC
    −7,484,070
    $106.2M
  • M7S64HMONDAY COM LTD
    −116,213
    $22.5M

Recent transactions

Last 20 moves
TRIM
Sands Capital Management trimmed DDOG
DATADOG INC
−380,880
~$135.99 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed RARE
ULTRAGENYX PHARMACEUTICAL IN
−284,129
~$23.00 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed META
META PLATFORMS INC
−133,193
~$660.09 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in IWF
ISHARES TR
+8,215
~$473.30 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in PWR
QUANTA SVCS INC
+576,896
~$422.06 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in PLTR
PALANTIR TECHNOLOGIES INC
+19,840
~$177.75 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in CRS
CARPENTER TECHNOLOGY CORP
+621,684
~$314.84 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in BSX
BOSTON SCIENTIFIC CORP
+805,164
~$95.35 · 2025Q4
2026-02-13
NEW
Sands Capital Management opened a new position in BABA
ALIBABA GROUP HLDG LTD
+7,511
~$146.58 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed WCN
WASTE CONNECTIONS INC
−217,314
~$175.36 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed V
VISA INC
−936,904
~$350.71 · 2025Q4
2026-02-13
SOLD
Sands Capital Management exited VG
VENTURE GLOBAL INC
−7,484,070
~$14.19 · 2025Q4
2026-02-13
ADD
Sands Capital Management added to TDG
TRANSDIGM GROUP INC
+9,883
~$1329.85 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed TTEK
TETRA TECH INC NEW
−172,028
~$33.54 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed TSM
TAIWAN SEMICONDUCTOR MFG LTD
−2,425,714
~$303.89 · 2025Q4
2026-02-13
ADD
Sands Capital Management added to T9224W109
STEVANATO GROUP S P A
+28,075
~$20.12 · 2025Q4
2026-02-13
TRIM
Sands Capital Management trimmed SPOT
SPOTIFY TECHNOLOGY S A
−77,792
~$580.71 · 2025Q4
2026-02-13
ADD
Sands Capital Management added to SHOP
SHOPIFY INC
+2,568,765
~$160.97 · 2025Q4
2026-02-13
ADD
Sands Capital Management added to NOW
SERVICENOW INC
+2,596,637
~$153.19 · 2025Q4
2026-02-13
ADD
Sands Capital Management added to SE
SEA LTD
+617,846
~$127.57 · 2025Q4
2026-02-13