Sands Capital Management, LLC reported 70 positions worth $26.93B for the quarter ended Jun 30, 2026, up 5.6% on the prior quarter. It opened 12 new positions, added to 14, trimmed 43 and exited 9. Its largest holding is Nvidia Corp at 10.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MU Micron Technology Inc | +526.8K | – | $608.09M | 2.26% |
| AMD Advanced Micro Devices Inc | +672.6K | – | $390.69M | 1.45% |
| SPCX Space Exploration Technologies Corp | +2.28M | – | $389.00M | 1.44% |
| SNDK Sandisk Corp | +153.1K | – | $348.09M | 1.29% |
| BE Bloom Energy Corp | +1.15M | +64.5% | $347.35M | 3.29% |
| SPHR Sphere Entertainment Co. | +1.36M | – | $235.03M | 0.873% |
| ARM Arm Holdings Plc | +642.8K | – | $227.93M | 0.847% |
| STX Seagate Technology Holdings plc | +188.8K | +35.5% | $182.24M | 2.58% |
| LRCX Lam Research Corp | +378.7K | +50.1% | $164.12M | 1.82% |
| PWR Quanta Services, Inc. | +124.1K | +19.8% | $89.38M | 2.01% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -1.94M | -33.0% | $925.17M | 6.96% |
| NVDA Nvidia Corp | -4.03M | -22.3% | $805.62M | 10.45% |
| AMZN Amazon Com Inc | -1.86M | -27.7% | $442.80M | 4.3% |
| DASH DoorDash, Inc. | -1.63M | -41.2% | $301.02M | 1.59% |
| NU Nu Holdings Ltd. | -21.87M | -63.7% | $292.14M | 0.619% |
| NFLX Netflix Inc | -4.08M | -43.3% | $291.17M | 1.42% |
| ASML Asml Holding Nv | -106.1K | -16.6% | $211.16M | 3.94% |
| FLUT Flutter Entertainment plc | -1.99M | -100.0% | $202.76M | Exited |
| TTEK Tetra Tech Inc | -6.66M | -100.0% | $200.56M | Exited |
| SHOP Shopify Inc. | -1.69M | -19.0% | $193.37M | 3.07% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| MU Micron Technology Inc | +526.8K | $608.09M | 2.26% |
| AMD Advanced Micro Devices Inc | +672.6K | $390.69M | 1.45% |
| SPCX Space Exploration Technologies Corp | +2.28M | $389.00M | 1.44% |
| SNDK Sandisk Corp | +153.1K | $348.09M | 1.29% |
| SPHR Sphere Entertainment Co. | +1.36M | $235.03M | 0.873% |
| ARM Arm Holdings Plc | +642.8K | $227.93M | 0.847% |
| WWD Woodward, Inc. | +153.7K | $65.37M | 0.243% |
| CRWD CrowdStrike Holdings, Inc. | +40.1K | $7.65M | 0.028% |
| INTC Intel Corp | +39.1K | $5.46M | 0.02% |
| TTMI Ttm Technologies Inc | +23.6K | $4.42M | 0.016% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| FLUT Flutter Entertainment plc | -1.99M | $202.76M | 0.796% |
| TTEK Tetra Tech Inc | -6.66M | $200.56M | 0.787% |
| RBLX Roblox Corp | -2.73M | $154.22M | 0.605% |
| BSX Boston Scientific Corp | -736.1K | $46.19M | 0.181% |
| FIG Figma, Inc. | -187.6K | $3.97M | 0.016% |
| NOW ServiceNow, Inc. | -31.5K | $3.30M | 0.013% |
| TEAM Atlassian Corp | -14.3K | $974.68K | <0.01% |
| SNOW Snowflake Inc. | -4,178 | $630.13K | <0.01% |
| ANET Arista Networks, Inc. | -2,698 | $331.26K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 14.06M | $2.81B | 10.45% | -4.03M | -22.3% | Reduced | 0.06% |
| 2 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 3.93M | $1.87B | 6.96% | -1.94M | -33.0% | Reduced | 0.02% |
| 3 | GOOGL Alphabet Inc. | Technology | 4.89M | $1.75B | 6.49% | -231.1K | -4.5% | Reduced | 0.07% |
| 4 | AMZN Amazon Com Inc | Consumer Discretionary | 4.86M | $1.16B | 4.3% | -1.86M | -27.7% | Reduced | 0.05% |
| 5 | ASML Asml Holding Nv | Technology | 533.7K | $1.06B | 3.94% | -106.1K | -16.6% | Reduced | 0.14% |
| 6 | BE Bloom Energy Corp | Industrials | 2.93M | $885.87M | 3.29% | +1.15M | +64.5% | Added | 1.02% |
| 7 | AXON Axon Enterprise, Inc. | Technology | 1.48M | $830.16M | 3.08% | -83.7K | -5.3% | Reduced | 1.82% |
| 8 | SHOP Shopify Inc. | Technology | 7.24M | $826.90M | 3.07% | -1.69M | -19.0% | Reduced | 0.6% |
| 9 | V Visa Inc. | Financial Services | 2.38M | $815.56M | 3.03% | -393.3K | -14.2% | Reduced | 0.14% |
| 10 | SPOT Spotify Technology S.A. | Technology | 1.76M | $808.62M | 3% | -33.0K | -1.8% | Reduced | 0.86% |
| 11 | NET Cloudflare, Inc. | Technology | 3.24M | $794.59M | 2.95% | -422.2K | -11.5% | Reduced | 1% |
| 12 | STX Seagate Technology Holdings plc | Technology | 720.7K | $695.52M | 2.58% | +188.8K | +35.5% | Added | 0.32% |
| 13 | MELI Mercadolibre Inc | Technology | 378.2K | $641.97M | 2.38% | -97.2K | -20.5% | Reduced | 0.75% |
| 14 | MU Micron Technology Inc | Technology | 526.8K | $608.09M | 2.26% | +526.8K | – | New | 0.05% |
| 15 | CVNA Carvana Co. | Consumer Discretionary | 8.46M | $557.03M | 2.07% | -2.12M | -20.1% | Reduced | 0.77% |
Tip. Select a row to see that position’s full history at Sands Capital Management.
As of its Q2 2026 13F filing, Sands Capital Management, LLC’s five largest positions were Nvidia Corp (NVDA) at 10.4%, Taiwan Semiconductor Manufacturing Co Ltd (TSM) at 7.0%, Alphabet Inc. (GOOGL) at 6.5%, Amazon Com Inc (AMZN) at 4.3%, Asml Holding Nv (ASML) at 3.9% of the reported portfolio.
Sands Capital Management, LLC reported a 13F portfolio worth $26.93B across 70 positions for Q2 2026. That is up 5.6% from the previous quarter.
Its largest purchases by value were Micron Technology Inc ($608.09M), Advanced Micro Devices Inc ($390.69M), Space Exploration Technologies Corp ($389.00M). It opened 12 new positions.
Its largest sales by value were Taiwan Semiconductor Manufacturing Co Ltd ($925.17M), Nvidia Corp ($805.62M), Amazon Com Inc ($442.80M). It exited 9 positions entirely.
From the Form 13F-HR reports Sands Capital Management, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.