SANDS CAPITAL MANAGEMENT LLC
Q2 2026 Form 13-F

ARLINGTON, VIRGINIA
CIK 0001020066 · CRD 137610 · SEC-registered investment adviser
$26.9B Reported Value Total

SANDS CAPITAL MANAGEMENT, LLC reports 274 total accounts under management (AUM). There are 274 discretionary accounts valued at $44,304,791,445, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
3 funds · $457.3M gross asset value
Other: $457.3M
Source: Form ADV filed 2026-07-28
Reported value
$26.9B
Quarter over quarter
+16.9%
Holdings
71
Top-10 concentration
47.6%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Brian Alan Christiansen
EXECUTIVE MANAGING DIRECTOR, SR. PORTFOLIO MANAGER, RESEARCH ANALYST
Alexandra Rebecca Fulk
CHIEF COMPLIANCE OFFICER, SENIOR COUNSEL
Andrew Phillip Giordano
EXECUTIVE MANAGING DIRECTOR, BUSINESS DEVELOPMENT AND CLIENT RELATIONS
Q1 2026

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

Loading 13F Metrics

Q2 2026 13F filing summary

Period of report June 30, 2026
Filed August 13, 2026
Form 13F-HR
Reported value $26.9B
Positions 71
Change in reported value +5.7%
New positions 13
Exited positions 9
Position turnover 27.5%
Top-10 concentration 47.6%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 13, 2026
 71 $26.9B
Q1 2026 13F
Filed May 8, 2026
 67 $25.5B
Q4 2025 13F
Filed Feb 13, 2026
 66 $32.9B
Q3 2025 13F
Filed Nov 13, 2025
 64 $36.2B
Q2 2025 13F
Filed Aug 13, 2025
 66 $34.8B
Q1 2025 13F
Filed May 14, 2025
 75 $29.4B
Q4 2024 13F
Filed Feb 13, 2025
 71 $33.8B
Q3 2024 13F
Filed Nov 13, 2024
 67 $32.9B
Q2 2024 13F
Filed Aug 13, 2024
 66 $34.0B
Q1 2024 13F
Filed May 14, 2024
 76 $35.8B
Q4 2023 13F
Filed Feb 13, 2024
 74 $32.9B
Q3 2023 13F
Filed Nov 14, 2023
 75 $29.4B
Q2 2023 13F
Filed Aug 15, 2023
 66 $32.2B
Q1 2023 13F
Filed May 12, 2023
 66 $30.4B
Q4 2022 13F
Filed Feb 13, 2023
 67 $26.5B
Q3 2022 13F
Filed Nov 9, 2022
 67 $26.6B
Q2 2022 13F
Filed Aug 12, 2022
 69 $28.9B
Q1 2022 13F
Filed May 13, 2022
 68 $43.5B
Q4 2021 13F
Filed Feb 11, 2022
 71 $53.9B
Q3 2021 13F
Filed Nov 3, 2021
 71 $60.0B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2026

# Holding Reported value % of portfolio
1 NVDA NVIDIA CORPORATION $2.8B 10.45%
2 TSM TAIWAN SEMICONDUCTOR MANUFAC $1.9B 6.96%
3 GOOGL ALPHABET INC $1.7B 6.49%
4 AMZN AMAZON COM INC $1.2B 4.3%
5 ASML ASML HLDG NV $1.1B 3.94%
6 BE BLOOM ENERGY CORP $885.9M 3.29%
7 AXON AXON ENTERPRISE INC $830.2M 3.08%
8 SHOP SHOPIFY INC $826.9M 3.07%
9 V VISA INC $815.6M 3.03%
10 SPOT SPOTIFY TECHNOLOGY S A $808.6M 3.0%
11 NET CLOUDFLARE INC $794.6M 2.95%
12 STX SEAGATE TECHNOLOGY HLDNGS PL $695.5M 2.58%
13 MELI MERCADOLIBRE INC $642.0M 2.38%
14 MU MICRON TECHNOLOGY INC $608.1M 2.26%
15 CVNA CARVANA CO $557.0M 2.07%
16 META META PLATFORMS INC $546.3M 2.03%
17 PWR QUANTA SVCS INC $540.4M 2.01%
18 ICE INTERCONTINENTAL EXCHANGE IN $499.3M 1.85%
19 ISRG INTUITIVE SURGICAL INC $498.1M 1.85%
20 LRCX LAM RESEARCH CORP $491.4M 1.82%

Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.

Loading Activities
Loading Sector Allocation
Crunching numbers
Loading Performance
Finding Similar Managers
Finding Potential New Buys
Building table
Loading SEC filing data
Loading Form 4 Filings
Loading 13D/G filings