SANDS CAPITAL MANAGEMENT, LLC

Q1 2026 13F-HR Holdings

Location
Arlington, VA
Holdings as of
3/31/2026
Date filed
5/8/2026
Form type
13F-HR
Num holdings
67
Total value ($000)
$25,486,827
Net value change ($000)
-7,388,339 (-22.5%)
New positions
9
Sold out positions
8
Turnover %
5.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BE 241,042 NEW
STX 208,374 NEW
LRCX 161,361 NEW
CRS 128,764 65.8%
ASML 128,321 17.9%
PWR 100,393 41.2%
MCK 31,232 21.8%
LLY 30,248 NEW
NET 19,942 2.7%
SPOT 16,483 1.9%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -628,507 -52.6%
APP -599,354 -60.8%
NOW -585,400 -99.4%
NVDA -583,973 -15.6%
SHOP -470,238 -30.7%
DASH -424,239 -41.7%
CVNA -365,178 -35.4%
AMZN -317,926 -18.5%
SE -310,193 -44.2%
IRTC -301,585 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type