§ 13F · FUND PROFILE
SANDS CAPITAL MANAGEMENT, LLC.
Concentrated growth, long-duration holdings
AUM · $36.2B (13F)Positions · 64Turnover · 99% · Q1Filed · May 8, 2026
CONCENTRATION
52%
Top 10 holdings
NEW BUYS
+9
+$643M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-5pp · +4pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 8, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 18.09M | $3.2B | 12.4% | −10% |
| 2 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 5.86M | $2.0B | 7.8% | −14% |
| 3 | GOOGL | ALPHABET INC | 5.12M | $1.5B | 5.8% | +4% |
| 4 | AMZN | AMAZON COM INC | 6.72M | $1.4B | 5.5% | −10% |
| 5 | SHOP | SHOPIFY INC | 8.94M | $1.1B | 4.2% | −6% |
| 6 | NFLX | NETFLIX INC. | 9.41M | $905M | 3.6% | −6% |
| 7 | SPOT | SPOTIFY TECHNOLOGY S A | 1.79M | $870M | 3.4% | +22% |
| 8 | ASML | ASML HLDG NV | 640K | $845M | 3.3% | −4% |
| 9 | V | VISA INC | 2.77M | $837M | 3.3% | −10% |
| 10 | MELI | MERCADOLIBRE INC | 475K | $822M | 3.2% | −7% |
§ 02 · SECTOR ALLOCATION
Where the money is
Semiconductors25.8% (+4pp)
Other21.7% (−1pp)
Media16.7% (+3pp)
Technology14.5% (−5pp)
Retail13.5% (−1pp)
Financial Services7.8% (±0)
§ 03 · THE SANDS SIGNAL
AC read
SANDS CAPITAL MANAGEMENT, LLC is a Quality / Compounder fund managing $36.2 billion in assets. The fund runs a portfolio of 64 positions, moderate concentration, with the top 10 positions making up 52% of the portfolio. Trading activity is aggressive at 99% quarterly turnover, with 9 new positions and 0 exits last quarter. Top sector allocations: Semiconductors (26%), Other (22%), Media (17%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+9 buys · −0 exits · 57 changed
Q4 2025
Busy quarter
+6 buys · −0 exits · 58 changed
Q3 2025
Busy quarter
+64 buys · −0 exits · 0 changed
Q1 2025
Busy quarter
+75 buys · −0 exits · 0 changed