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 27.4% 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+27.4%3Y+170.7%5Y+76.5%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
$38.79B
Lifetime sells
$50.86B

Quarter activity

What changed in 2023Q3 — net new, added, trimmed, exited.
New positions10 names
  • FWONKLIBERTY MEDIA CORP DEL
    +2,366,583
    $147.4M
  • KVYOKLAVIYO INC
    +638,974
    $22.0M
  • BILLBILL COM HLDGS INC
    +1,255
    $136K
  • IWFISHARES TR
    +455
    $121K
  • ADBEADOBE SYSTEMS INCORPORATED
    +160
    $82K
  • G4705AICON PLC
    +255
    $63K
  • CPCANADIAN PACIFIC KANSAS CITY
    +413
    $31K
  • COURCOURSERA INC
    +1,285
    $24K
  • ILMNILLUMINA INC
    +103
    $14K
  • ZLABZAI LAB LTD
    +98
    $2K
Added to16 names
  • NVDANVIDIA CORPORATION
    +598,055
    $260.1M
  • AXONAXON ENTERPRISE INC
    +619,179
    $123.2M
  • MSFTMICROSOFT CORP
    +327,097
    $103.3M
  • ASMLASML HOLDING N V
    +105,339
    $62.0M
  • DXCMDEXCOM INC
    +557,543
    $52.0M
  • SESEA LTD
    +542,996
    $23.9M
  • T9224WSTEVANATO GROUP S P A
    +588,757
    $17.5M
  • NUNU HLDGS LTD
    +2,274,819
    $16.5M
  • METAMETA PLATFORMS INC
    +52,347
    $15.7M
  • UNHUNITEDHEALTH GROUP INC
    +30,539
    $15.4M
  • CPNGCOUPANG INC
    +709,867
    $12.1M
  • OKTAOKTA INC
    +136,267
    $11.1M
  • + 4 more…
Trimmed48 names
  • ALGNALIGN TECHNOLOGY INC
    −528,852
    $161.5M
  • NFLXNETFLIX INC
    −293,300
    $110.8M
  • MELIMERCADOLIBRE INC
    −85,767
    $108.7M
  • LRCXEURLAM RESEARCH CORP
    −171,053
    $107.2M
  • VVISA INC
    −444,548
    $102.3M
  • NOWSERVICENOW INC
    −112,476
    $62.9M
  • AMZNAMAZON COM INC
    −477,925
    $60.8M
  • TDGTRANSDIGM GROUP INC
    −44,592
    $37.6M
  • ENTGENTEGRIS INC
    −363,931
    $34.2M
  • IQVIQVIA HLDGS INC
    −166,971
    $32.9M
  • SHOPSHOPIFY INC
    −597,189
    $32.6M
  • ROPROPER TECHNOLOGIES INC
    −63,086
    $30.6M
  • + 36 more…
Exited1 name
  • FWONKUSDLIBERTY MEDIA CORP DEL
    −2,587,437
    $194.8M

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