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 portfolio (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 quarterly snapshots 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 2024Q3 — net new, added, trimmed, exited.
New positions3 names
  • SPOTSPOTIFY TECHNOLOGY S A
    +998,374
    $367.9M
  • RBLXROBLOX CORP
    +4,416,618
    $195.5M
  • G4124CGRAB HOLDINGS LIMITED
    +21,974,504
    $83.5M
Added to10 names
  • AAPLAPPLE INC
    +1,425,141
    $332.1M
  • ICEINTERCONTINENTAL EXCHANGE IN
    +1,592,317
    $255.8M
  • SHOPSHOPIFY INC
    +435,423
    $34.9M
  • IOTSAMSARA INC
    +603,516
    $29.0M
  • ENTGENTEGRIS INC
    +215,345
    $24.2M
  • WCNWASTE CONNECTIONS INC
    +82,375
    $14.7M
  • CPNGCOUPANG INC
    +395,994
    $9.7M
  • DDOGDATADOG INC
    +67,271
    $7.7M
  • SITESITEONE LANDSCAPE SUPPLY INC
    +44,441
    $6.7M
  • M5216VGLOBAL E ONLINE LTD
    +641
    $25K
Trimmed51 names
  • METAMETA PLATFORMS INC
    −575,182
    $329.3M
  • LRCXEURLAM RESEARCH CORP
    −325,596
    $265.7M
  • NVDANVIDIA CORPORATION
    −2,061,193
    $250.3M
  • NUNU HLDGS LTD
    −15,534,278
    $212.0M
  • AXONAXON ENTERPRISE INC
    −449,349
    $179.6M
  • ABNBAIRBNB INC
    −1,219,318
    $154.6M
  • ALGNALIGN TECHNOLOGY INC
    −510,960
    $129.9M
  • SNOWSNOWFLAKE INC
    −757,535
    $87.0M
  • VVISA INC
    −312,463
    $85.9M
  • AMZNAMAZON COM INC
    −442,620
    $82.5M
  • NOWSERVICENOW INC
    −78,430
    $70.1M
  • MSFTMICROSOFT CORP
    −155,863
    $67.1M
  • + 39 more…
Exited2 names
  • ZTSZOETIS INC
    −470,851
    $81.6M
  • CSGPCOSTAR GROUP INC
    −5,398
    $400K

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