Sands Capital Alternatives, LLC

Q3 2025 13F-HR Holdings

Location
Arlington, VA
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$456,416
Net value change ($000)
-51,404 (-10.1%)
New positions
1
Sold out positions
0
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
BBNX 18,957 36.5%
NU 16,432 16.7%
IOT 4,867 27.9%
TARS 3,216 46.7%
ABOS 1,879 47.4%
BIOA 1,376 42.4%
ACRV 1,316 52.1%
DDOG 958 6.0%
FIG 948 NEW
TSHA 696 41.6%
Top Reduces (Value $000, Stocks/ETFs)
DASH -69,452 -73.9%
KVYO -20,704 -17.5%
MNDY -7,047 -38.4%
IKT -3,614 -16.9%
TOST -1,218 -17.6%
CRWD -296 -3.7%
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