SANDS CAPITAL MANAGEMENT, LLC

Q1 2025 13F-HR Holdings

Location
Arlington, VA
Holdings as of
3/31/2025
Date filed
5/14/2025
Form type
13F-HR
Num holdings
75
Total value ($000)
$29,394,787
Net value change ($000)
-4,400,996 (-13.0%)
New positions
9
Sold out positions
5
Turnover %
4.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2025 Next filing: 8/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
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)
TSM 463,397 53.3%
APP 277,748 103.8%
ISRG 269,465 NEW
AVGO 237,896 NEW
IOT 177,211 39.1%
SPOT 151,929 18.3%
BLDR 131,380 NEW
WCN 113,935 111.2%
SE 105,428 13.4%
META 89,176 11.4%
Top Reduces (Value $000, Stocks/ETFs)
ASML -868,317 -70.2%
NVDA -800,073 -27.0%
ENTG -713,649 -99.9%
AAPL -600,904 -88.4%
AMZN -479,648 -18.5%
XYZ -415,248 -47.3%
NOW -378,810 -24.6%
SNOW -363,337 -80.6%
SHOP -305,432 -20.8%
TEAM -268,556 -24.4%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type