Sands Capital Alternatives, LLC

Q4 2025 13F-HR Holdings

Location
Arlington, VA
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
20
Total value ($000)
$518,465
Net value change ($000)
+62,049 (13.6%)
New positions
1
Sold out positions
1
Turnover %
3.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 37,843 53.3%
KVYO 21,173 21.8%
TTAN 9,570 NEW
IKT 8,950 50.5%
BIOA 5,779 125.0%
TOST 4,993 87.3%
TXG 2,226 39.5%
TSHA 1,617 68.2%
ABOS 1,367 23.4%
ACRV 1,273 33.1%
Top Reduces (Value $000, Stocks/ETFs)
CRWD -7,657 -100.0%
IOT -5,784 -25.9%
DDOG -5,237 -31.0%
CPNG -5,066 -19.8%
TARS -3,143 -31.1%
DASH -2,862 -11.7%
SNOW -1,648 -27.1%
MNDY -1,284 -11.4%
FIG -265 -28.0%
NU -19 -0.0%
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